Inside the Investment Case: Renegade

Renegade presents its exploration thesis, what differentiates its assets and the upcoming catalysts that could drive investor interest.

Featuring: Devin Pickell - President, CEO & Director Renegade 

Guest Host: Anna Proske, Apaton Media.

Recorded live at 121 Mining Investment London, May 2026.

Transcript

SPEAKER_02 0:00

You're listening to the ASTE Podcast, where mining meets capital, powered by one-to-one mining investment. Today we are coming live from our event in London. Please note this podcast is for information only and isn't financial advice or recommendation to invest. As always, the views you'll hear are those of the speakers.

SPEAKER_01 0:17

Welcome to Insight the Investment Case here at the One-to-1 Mining Investment Conference in beautiful London. I'm Anna Prosky with Everton Media, your guest host today. And joining you today is Devin Pical, President, CEO, and Director of Renegade Gold. Renegade is advancing what is now formally called the Rebel Gold Deposit in Red Lake, Ontario, one of Canada's most prolific and historically significant gold districts. Just this February, the company published a maiden resource estimate of over 800,000 ounces with a 2026 tool program now targeting 1 million ounces. Devin, it's wonderful having you here. Give us a quick rundown of Renegade Gold. Where are you at right now?

SPEAKER_00 1:06

Well, Renegade Gold is uh advancing multiple projects in a in a jurisdiction where there's a lot of active uh interest and ongoing mining efforts. There's some big, big movement, big projects moving forward, and we hold key positions and projects in the area. So yeah, for us it's a matter of uh advancing these in a way that makes sense.

SPEAKER_01 1:27

Okay, amazing. So if an investor has never heard about renegade gold, what's there for them to know? What's really important?

SPEAKER_00 1:36

So, like you said, it's a massive land package with numerous greenfield targets um to bring forward to investors. So you have exposure to to new discovery, but you're also backed by uh a resource of 809,000 global ounces. So you have the the security of uh an asset that is well along in the project chain with the greenfield's discovery component.

SPEAKER_01 1:58

Great. So, Red, like we said, it's it's massive, it's known, and it's home for some of the biggest names in gold. And you're situated right there next to them. What makes you stand out? What diff differentiates you from them?

SPEAKER_00 2:12

Right. So we've put in a solid team to really develop uh multiple targets, and and we have approached where okay, we're gonna bring five good targets to the table that are de-risked for investors so that there's the best chance of success when it comes to finding a new deposit. Um, and we have the land package to back that up and the and the right structural corridors um from other existing operations on our ground.

SPEAKER_01 2:35

So within your drill program, you say you want to hit one million ounces.

SPEAKER_00 2:40

Right.

SPEAKER_01 2:40

Right. So mineralization is also confirmed beyond 700 meters. Um, that's more than double the previous uh drill that you did before. Um, so what other milestones are there that investors or potential investors should look out for?

SPEAKER_00 2:55

Right. Rebel's uh Rebel's an excellent project because there's a lot of room for growth, both along strike and at depth. If you look at the main Red Lake mine in the Red Lake camp, like it's a deep organic system where discovery was actually at 1,500 meters. So there's there's potential well beyond 750 meters to add resource as well as a long strike. So good potential to grow a strong asset, continue to grow it, and move it along in the project uh life cycle towards, you know, towards the next the next phase.

SPEAKER_01 3:24

Amazing. So a lot of investors do know Red Lake, I guess. It's very known, like we said earlier. They know the district, they know Red Lake, but they haven't looked at Renegade. What is the one thing you would point out again that's really important to know for potential investors about you as a project?

SPEAKER_00 3:44

If you want exposure to to projects that are are that have potential for, you know, greenfields, advanced assets, you know, projects in general that are moving forward, renegade's a good one to look for. You know, like you said, it's a jurisdiction with proven mining going on. There's 30 million ounces produced in that belt. Um big number.

SPEAKER_01 4:05

Yeah.

SPEAKER_00 4:05

It's and and valuation-wise, we should we're definitely worth a look.

SPEAKER_01 4:09

Amazing. One topic that is on top of everybody's mind right now is risk management because we look at the world, there's a lot happening, a lot of movement. Um, and we know that junior explorers have a high risk. Now, looking at Renegade, what do you do as a company to minimize risk or to manage risks when they appear?

SPEAKER_00 4:29

Yeah, right. Risk starts as a team. Like you have to have the right people working on the right projects because that's really what fundamentally de-risks something. When I look at something like Rebel and a larger scale exploration plan, my strategy has always been let's develop five or six good de-risk targets and not put all your eggs in one basket. And when you step through it and you you you look at all the data for each of them, and if you compile that and then you put your drilling towards each of those, that's your best chance of success. Something's gonna follow with that type of planning.

SPEAKER_01 5:02

Amazing. So, Devin, you rebuilt the entire geological model for Rebel. What did Teams before you miss? So you rebuilt the whole thing. Why was that? And right.

SPEAKER_00 5:13

So a lot of work had been done on the project, but there were 75 drill holes that hadn't been included in any new resource models. Um, that coupled with drilling, uh, we doubled the depth on the last round of drilling that wasn't included, um, as well as drilling it from the opposite orientation. Uh, that really helped our guys um key in on you know the structural interpretation of the thing. And we took it from seven domains to over 26, and and that really helped with the estimation and and produced a much better uh resource than we had with all that new data.

SPEAKER_01 5:46

Amazing. So, with everything that we know until now, is there anything else you would want a potential investor to know about rebel gold?

SPEAKER_00 5:56

Yeah, the rebel deposit I think has potential for for, like I said, a depth along strike, but there's also the potential for new zones in that, in that area. Yeah. Um, we're looking to fly high-res magnetic survey there this summer that'll help us key in on potential hanging wall uh mineralization. So even more chance to grow that resource uh forward. I mean, I look at that area as a camp. Um, I I think these are there's excellent potential to continue to add new zones to these things.

SPEAKER_01 6:25

Amazing. Thank you, Devin. Renegade Gold is a compelling story at an inflection point, a brand new 800,000 ounce resource in one of Canada's most prolific gold districts, the largest land package in Red Lake, and a 2026 drill program now targeting one million ounces. Thank you very much. This was me, Anna Prosky, with Abitsim Media, your guest host today at One to One Mining Conference here in London.

SPEAKER_02 6:53

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