Renegade Exploration (ASX:RNX) completed a drone magnetics survey over 130 line kilometers at its Cloncurry project in Queensland, according to a Tuesday filing with the Australian Securities Exchange.
The survey covered two new potential shallow targets, Magazine and Tank, based on previous magnetics and gravity data, the company said.
The results will aid in target delineation of shallow magnetic breccia pipe prospects in Mongoose Deeps diamond drill hole for a new campaign scheduled in late September, the filing said.
Shares rose nearly 13% in morning trade.
Price (AUD): $0.01, Change: $+0.00100, Percent Change: +12.50%
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