Renegade Exploration (ASX:RNX) encountered copper mineralization from a recent sampling program at the Magazine prospect within the Cloncurry copper project in Queensland, according to a Tuesday filing with the Australian bourse.
The program yielded up to 40.6% copper and 2.03 grams per tonne grade of gold, and 0.49% copper and 16.9g/t gold, the miner said in the filing.
Shares of Renegade Exploration declined 18% in recent trade.
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