Exploration Update

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Stock Renascor Resources Ltd (RNU.ASX)
Release Time 20 Mar 2026, 12:19 p.m.
Price Sensitive Yes
 Exploration Update: Bulloo Creek drilling results and portfolio progress
Key Points
  • Bulloo Creek drilling intersects cobalt and copper mineralization
  • New exploration licence application in Olary district
  • Native Title negotiations advance for Marree Project
  • Uranium exploration targeting underway at Wooltana Project
  • Rare earth exploration advancing at Tumby Bay prospect
Full Summary

Renascor Resources has provided an update on its exploration activities across its South Australian portfolio. The key highlights include:Bulloo Creek Drilling: A 13-hole reverse circulation (RC) drill program at the Bulloo Creek prospect within the Olary Project area intersected cobalt and copper anomalism associated with targeted magnetic features. Significant results include 16 m @ 901 ppm Co from 85 m in 25BCRC007 (including 1 m @ 1,440 ppm Co and 1 m @ 1,840 ppm Cu), as well as additional copper intersections. The results indicate a south-dipping cobalt ± copper mineralised horizon within the Eastern Anomaly, with anomalous mineralisation also confirmed in the Western Anomaly.Olary Project Expansion: Renascor has applied for a new exploration licence in the Olary district, expanding its footprint in a region known to host gold mineralisation, including the nearby White Dam gold mine. The new licence area is considered prospective for extensions of mineralised systems identified within Renascor's current Olary tenements.Marree Project: Native Title negotiations for the Marree Project have progressed toward execution of a Native Title Mining Agreement, which is expected to unlock exploration access to uranium targets at the Mulgaria prospect and copper-gold prospects within the Flat Hill exploration licence.Wooltana Project: Renascor has commenced uranium exploration targeting at the Wooltana Project in the Frome Basin, engaging contractors to undertake satellite-based hyperspectral analysis to assist in identifying alteration signatures and geological features associated with potential uranium mineralisation.Tumby Bay: Renascor continues to advance rare earth element exploration at the Tumby Bay prospect, planning an expanded soil geochemistry program to test the scale and extent of mineralisation.Overall, Renascor's exploration activities across South Australia highlight the breadth of opportunity within its portfolio, providing shareholders with additional low-cost exposure to potential discoveries while the company remains focused on delivering its Battery Anode Materials Project.