The Company acquired a 23% interest in the Carpentaria Joint Venture (CJV) in December 2020.
The CJV is located principally in the prolific Cloncurry region of Queensland and the operating partner is Mt Isa Mines Limited (a subsidiary of Glencore plc. The CJV has a number of interesting prospects which require further work to determine economic viability.
Renegade has been a contributing partner to the CJV since acquiring its interest and is determining a pathway to further explore some of the prospects so far discovered.
Figure 1: Carpentaria Joint Venture (CJV) Map