Periodic table with gallium and germanium
Source: Adobe Stock
The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

Renegade Exploration Ltd (ASX:RNX) believes it has opened up a new chapter for its Andrew zinc-lead-silver deposit in Canada with the discovery of critical minerals germanium (Ge) and gallium (Ga) in significant concentrations.

The company reviewed previous diamond drilling at the deposit – which is part of Renegade’s larger Yukon base metals project – finding intercepts such as 45.9 metres at 43.5 grams per tonne (g/t) Ge, 12.5g/t Ga, 9.4% Zn in one hole; and 4.5 metres at 48.0g/t Ge, 15.8g/t Ga, 6.4% Zn, 22.6% Pb, 56.8g/t Ag in another.

The percentage of gallium went up to 28.6g/t in another intercept.

Alongside this, flotation metallurgical testing has shown recoveries of 71.3% Ge – yielding a concentrate of 150g/t – is possible for ore from this deposit.

Renegade is now turning to potential re-analysis of past drill samples, looking particularly for these two critical defence metals.

Chairman Robert Kirtlan said that finding germanium and gallium at Andrew was a significant event for the deposit, adding that previous exploration methods could have underestimated the amounts of germanium there.

“These defence metals, particularly Germanium, are rare, very expensive and are some of the most important and sought after of the advanced electronic materials,” he said.

“During the last phases… at the Andrew deposit, an Aqua Regia analysis method was used.

“This method is very good at determining the Zn-Pb-Ag concentrations but unfortunately it has the potential to vastly underestimate the germanium grade. At the time of analysis, germanium was not the critical defence metal that it is now. As such, it was not an exploration focus.”

Renegade shares last traded at 0.02c after a 40% gain.

Join the discussion: See what HotCopper users are saying about Renegade and be part of the conversations that move the markets.

The material provided in this article is for information only and should not be treated as investment advice. Viewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment decisions. For full disclaimer information, please click here.

rnx by the numbers
More From The Market Online

OD6 Metals rediscovers ultra high-grade Big Jim fluorspar lode

OD6 Metals has rediscovered the historically significant high-grade Big Jim fluorspar lode at its Quinn project…
The Market Online Video

The ASX Today: Aussie market caught between Wall Street records, unstoppable oil – and all on Budget Day

Hello and welcome to HotCopper’s The ASX Today, I’m Seja Al Zaidi.
HotCopper Daily Market Trends Graphic

Tuesday’s HotCopper trends: Elevtra, Metallium, EV Resources, and other daily topics

the S&P/ASX 200 is lower today, dropping 35.20 points or 0.40% to 8,666.60. Bottom performing stocks…

Hazer Group signs MoU to assess Australian energy independence

Hazer Group has entered into a non-binding MoU to assess opportunities for developing low carbon liquid…