Renegade Exploration (ASX:RNX) acquired an option over the Fireball Ridge gold-silver project in Nevada for a series of annual option payments totaling $250,000, payment of annual claim fees, and a royalty in an agreement with Nevada Select Royalty, according to a Thursday Australian bourse filing.

Previous exploration at the project identified several low to moderate-grade gold occurrences along a six-kilometer mineralized fault/vein system, per the filing.

Upon all payments being made, Nevada Select Royalty will receive a royalty of 3%.