Announcement PDF ABN 74 148 214 260 Rumble Resources Ltd & Controlled Entities Annual Report For the year ended 30 June 2026 Rumble Resources Ltd & Controlled Entities CONTENTS Corporate Directory 3 Message from the Managing Director & CEO 4 Review of Operations 7 Mineral Resources Statement 25 Directors Report 30 Remuneration Report 38 Directors Report Declaration 44 Auditor’s Independence Declaration 45 Consolidated Statement of Profit or Loss and Other Comprehensive Income 46 Consolidated Statement of Financial Position 47 Consolidated Statement of Changes in Equity 48 Consolidated Statement of Cash Flows 49 Notes to the Consolidated Financial Statements 50 Consolidated Entity Disclosure 76 Directors Declaration 77 Independent Audit Report 78 ASX Additional Information 83 Rumble Resources Ltd & Controlled Entities CORPORATE DIRECTORY PRINCIPAL AND REGISTERED OFFICE Rumble Resources Ltd Level 1, 16 Ord Street West Perth WA 6005 Tel: 08 6555 3980 Fax: 08 6555 3981 Email: info@rumbleresources.com.au Web: www.rumbleresources.com.au DIRECTORS Peter Harold - Managing Director & CEO Peter Venn -Technical Director Matthew Banks - Non-Executive Director Michael Smith - Non-Executive Director Geoff Jones - Chairman / Non-Executive Director COMPANY SECRETARY Steven Wood Trevor Hart STOCK EXCHANGE STOCK EXCHANGE CODE - RTR Australian Securities Exchange Limited Level 40, Central Park 152-158 St Georges Terrace Perth WA 6000 SHARE REGISTRY Automic Group Level 5,191 St Georges Terrace Perth WA 6000 Tel: 1300 288 664 www.automicgroup.com.au AUDITORS Hall Chadwick WA Audit Pty Ltd 283 Rokeby Road Subiaco WA 6008 BANKERS Westpac Banking Corporation Level 13, 109 St Georges Terrace Perth WA 6000 LAWYERS Steinepreis Paganin Level 14 – QV/250 St Georges Terrace Perth WA 6000 Mining Access Legal Level 1, 1 Adelaide Terrace East Perth WA 6004 Rumble Resources Ltd & Controlled Entities MESSAGE FROM THE MANAGING DIRECTOR & CEO – 4 – MESSAGE FROM THE MANAGING DIRECTOR & CEO Dear Shareholder, Rumble has had an extremely busy 12 months as our Western Queen Gold-Tungsten Project moved from a growing discovery towards a near-term producing gold and tungsten operation. Our exploration team continued to deliver at Western Queen with the most recent drill program culminating in our third Resources upgrade in two years, growing our contained gold significantly over that period. Our total Gold Resources now stands at 5.13Mt at 2.6g/t for 433,600 ounces while our Indicated Resources have grown by 54% and we have discovered a new high-grade zone at Western Queen Central. We also released the initial scoping study on Western Queen South in November 2025, which demonstrated the significant value that can be extracted from that resource by mining it from underground and treating the ore at a local gold processing facility. Key metrics from the scoping study include an estimated mining inventory of 617,000 tonnes at 2.95g/t for 58,500 ounces contained gold, free cash flow of $133 million, an NPV of $112 million, and an exceptional IRR of 370% based on a gold price of A$5,540/oz. Importantly, this scoping study incorporates less than a third of the Project’s broader resource base, with the Western Queen South Mineral Resource used in the scoping study representing only 29% of known gold resources. Extensional drilling completed at Western Queen South has since extended high-grade mineralisation more than 500 metres down-plunge of the old open pit, with intercepts including 12.2m at 5.13g/t. Alongside our gold potential is a growing tungsten opportunity. In August 2025, we announced a maiden tungsten Mineral Resource Estimate at Western Queen of 4.31Mt at 0.31% tungsten trioxide for 13,200 tonnes. Preliminary metallurgical testwork on the tungsten bearing material has delivered, what we believe to be, a highly marketable tungsten concentrate with a grade of 48% grade based on a 45% recovery, resulting in a very real opportunity to fast-track tungsten production to capitalise on recent soaring global prices. In May 2025, we executed a toll milling and blending agreement with Gylden Resources, whereby Gylden is committed to treat 100% of our forecast Western Queen gold ore production through its Kirkalocka processing plant for the next five years. This is a huge step forward for the Project as it provides us with access to early cashflow from Western Queen without requiring capital to build our own processing facility. We also converted our small legacy gold royalty into a 2.5% net smelter return royalty, banking $10 million in non-dilutive funding from Elemental Royalty to support our move into development. With a processing partner now locked in, our remaining steps to first ore are operational rather than conceptual. These include securing final required approvals, dewatering the Western Queen South pit, completing the update Scoping Study which will feed into the Bankable Feasibility Study, securing the necessary working capital, appointing a mining contractor and making a Final Investment Decision. We are well advanced with all these activities which if achieved in a timely manner should see us producing gold in calendar year 2027. Rumble Resources Ltd & Controlled Entities MESSAGE FROM THE MANAGING DIRECTOR & CEO – 5 – We are well advanced in the process of updating the scoping study on the gold resources and as we move into the development phase, we will undertake a scoping study on the tungsten resources at Western Queen with the aim of adding a tungsten revenue stream, should the scoping study outcomes prove compelling. Gold and tungsten have each had extraordinary years, in terms of the spot price increases, for different reasons, and Western Queen's exposure to both provide shareholders with a genuine strategic advantage. Gold pushed through US$5,000 an ounce for the first time in January and has held near record levels during the 2026 financial year, driven by safe-haven demand, sustained central bank buying and a weaker US dollar. That backdrop underpins the compelling economics behind our Western Queen South scoping study. Tungsten has moved even further, for structural reasons. China's export restrictions, tightened again in late 2025, have removed international access to a large portion of a market that once supplied more than 80% of the world's tungsten products and most of its processing capacity. The result is a genuine supply shock, with benchmark tungsten prices up several hundred percent in a year. Substitution is largely impossible and new mine supply is years away, so this tightness looks set to persist for the foreseeable future. As Australia's trade partnerships, including the EU's removal of tariffs on our critical mineral exports, position the country as a trusted alternative source, Western Queen's tungsten resources could be exploited to take advantage of this unique opportunity and we continue to receive significant inbound interest in the Project. The scoping study, when delivered, should demonstrate the value of these resources. Having both commodities in one project means Rumble benefits from two very different market forces at once - financial uncertainty on one side and real-economy defence and industrial demand on the other. And while gold and tungsten have been the primary focus, we haven't lost sight of the rest of our portfolio. At Earaheedy, our zinc-lead-silver project remains one of the largest zinc sulphide discoveries globally in the past decade, with metallurgical testwork ongoing to determine whether the bulk concentrate can be further processed to produce a high-grade zinc concentrate and separate lead/silver concentrate with potential payable silver grades. At Munarra Gully, drilling has returned standout hits reported subsequent to the end of the financial year, such as 13m at 21.64g/t gold including 5m at 55.56g/t and 1m at 221.0g/t, all from less than 125m. We have a diamond and reverse circulation drill program planned for the December 2026 quarter to further test the gold and copper targets at Munarra Gully. At Thunderstorm, we completed the acquisition of the remaining 70% holding of the project from IGO and have scheduled a 5000 metre air core drilling program for late 2026 to follow up on the high-grade gold hits by IGO back in 2020, which were never followed up. During the financial year, we have maintained a solid balance sheet through a combination of a $9 million capital raise, the $10 million gold royalty sale as well as the sale of the Lamil Project to emerging explorer Aventine Resources, providing additional fiscal runway as we focus on developing Western Queen and to fund our exploration activities. I would like to take this opportunity to thank our new and existing shareholders for their ongoing support as we move forward with the development of Western Queen and progress our other exploration projects Rumble Resources Ltd & Controlled Entities MESSAGE FROM THE MANAGING DIRECTOR & CEO – 6 – As I reflect on the progress made over the past year, I thank our Board, my fellow executives and staff, and all our contractors for their efforts. Getting Western Queen from where it was 12 months ago to a near production-ready asset has been a genuine team effort at Rumble. We start FY2027 with a bigger gold resource at a higher grade, a processing solution for the gold ore, a strong balance sheet, a growing team of mining industry experts, the optionality inherent in the tungsten resources at Western Queen and zinc/lead/silver resources at Earaheedy, and the drill bit still turning. I look forward to updating you on a regular basis as we move Western Queen towards production and the Company into one that generates income from its mineral resources which is one of our primary goals. Peter Harold Managing Director & CEO 30 September 2026 Rumble Resources Ltd & Controlled Entities REVIEW OF OPERATIONS – 7 – REVIEW OF OPERATIONS To maximise value in a record gold price environment, Rumble Resources Limited has rapidly accelerated development at its 100%-owned Western Queen Gold and Tungsten Project, 110km northwest of Mount Magnet in Western Australia. Key highlights over the year include: Resource Expansion: Gold resource upgraded to 433.6koz (including a 54% jump in Indicated Resources) alongside a new high-grade discovery (145kt @ 11.3g/t Au). • Commercial De-risking: Maiden tungsten resource added, a $10M non-dilutive royalty sale completed, and an ore tolling agreement executed. • Clear Timeline: Fast-tracked pathway toward a Bankable Feasibility Study and targeted 2027 production. Western Queen Exploration Activities In July 2025, the Company reported a major upgrade to the Western Queen gold Mineral Resource Estimate (MRE), boosting it to 3.72Mt @ 3.1g/t Au for 370,000 oz. This represented a 29% increase in total contained ounces and a 53% surge in global head grade, driven by significant growth at Western Queen South (2.32Mt @ 2.66g/t Au for 198,900 oz). In August 2025, Rumble delivered a Maiden Western Queen Tungsten MRE of 4.31Mt @ 0.31% WO3 for 13.2kt WO3 (at a 0.1% WO3 cutoff). The estimate featured a distinct high-grade core of 1.44Mt @ 0.51% WO3 for 7.4kt WO3. Between October 2025 and April 2026, Rumble completed an extensive 17,255m diamond drilling campaign designed to convert Inferred gold resources to Indicated, test plunge extensions at Western Queen South and Central, and collect geotechnical data. In June 2026, Rumble announced a further upgraded gold MRE totalling 5.13Mt @ 2.6g/t Au for 433,600 oz, marking a 17% increase in contained gold since July 2025 MRE. Indicated Resources grew by 54% to 2.46Mt @ 2.9g/t Au for 227,700 oz. The update highlighted a new high-grade zone at Western Queen Central of 145kt @ 11.3g/t Au for 52,500 oz. Western Queen Mine Development Activities In November 2025, following earlier open pit assessments, the Company prioritised the underground mining potential at Western Queen South and Central, delivering an initial Underground Scoping Study. In May 2026, Rumble executed a Toll Milling and Blending Agreement with Gylden Resources and Kirkalocka Gold SPV to process Western Queen ore at the nearby Kirkalocka Gold Plant (~180km away), establishing a low-capex pathway to production. In an August 2026 update; • Approvals & Permitting: The Department of Water and Environmental Regulation (DWER) granted a key Groundwater Extraction Licence for pit dewatering, leaving the Mine Development and Closure Proposal as the remaining major approval. • Scoping & Feasibility: Rumble commissioned an Updated Scoping Study (scheduled for completion in late September 2026) to incorporate the expanded June 2026 resource and the newly identified high-grade zone. • Development Timeline: Operational readiness plans commenced for pit dewatering and pre- development cleanup ahead of a targeted Bankable Feasibility Study (BFS) and Decision to Mine in Q4 2026. Rumble Resources Ltd & Controlled Entities REVIEW OF OPERATIONS – 8 – Other Activities Munarra Gully Project (Au-Cu-Ag) In May 2026, a geological reinterpretation of the 2.6km Amaryllis Shear Zone revealed that much of the historical shallow drilling failed to properly penetrate fresh rock thus leaving the primary host structure ineffectively tested. Rumble subsequently completed a 3,648m aircore (28 holes) and RC (12 holes) drill campaign. In July 2026, drill assays confirmed bonanza high-grade gold and co-spatial copper mineralisation. The standout hole, MGRC26011, that was drilled in an untested 300m gap returned: • 13m @ 21.64g/t Au from 122m, including 5m @ 55.56g/t Au from 124m. • 7m @ 0.52% Cu from 128m in the same fresh-rock zone. Additional highlights included 7m @ 3.86g/t Au from 65m and 7m @ 2.15g/t Au with 4m @ 0.62% Cu from 132m. Rumble upgraded Munarra Gully to a priority target, scheduling diamond twin drilling and follow-up RC drilling to work toward a maiden Mineral Resource Estimate. Earaheedy Zn-Pb-Ag Project During the September 2025 Quarter, Rumble completed an internal scoping study incorporating the positive metallurgical test work at the Chinook deposit (79% Zn recovery; 61% Zn+Pb concentrate). Rumble continued to advance metallurgical and technical evaluation work at the Earaheedy Zinc-Lead- Silver Project during the quarter. The key work stream is metallurgical testwork to determine whether a separate high-grade zinc concentrate and a silver rich lead concentrate can be produced from the bulk concentrate material. Fraser Range Project (Au) Rumble advanced exploration plans across its 100%-owned Thunderstorm Gold Project following the acquisition of IGO Limited's 70% stake, targeting high-grade palaeochannel and basement targets. Previous wide spaced aircore drilling on 1,500m spaced traverses completed by IGO in 2020 returned high-grade palaeochannel/supergene gold intercepts including 16m @ 6.69 g/t Au from 42m in 20AFAC11321 and 6m @ 9.15 g/t Au from 48m in 18AFAC30771. The style of mineralisation is considered to have excellent potential for hosting large scale paleochannel and/or primary basement gold deposits. The Company plans to undertake a 5000 metre aircore drill program during FY27. Lamil Project In May 2026, Rumble and joint venture partner AIC Mines executed a Tenement Sale Agreement to divest 100% of the Lamil Project (E45/5271) in Western Australia to Aventine Resources Limited for $500,000 in cash and $600,000 in IPO shares, and a 1% NSR royalty. Rumble received half of the proceeds ($250,000 in cash and $300,000 in equity, and a 0.5% NSR royalty). Completion remains subject to satisfaction of the applicable conditions precedent. Rumble Resources Ltd & Controlled Entities REVIEW OF OPERATIONS – 9 – Western Queen Au-W Project, Mt Magnet, Western Australia The Western Queen Gold Project lies 110km NW of Mt Magnet within the Yalgoo mineral field of Western Australia and is comprised of two mining leases M59/45 and M59/208 and three exploration licences E20/967, EL59/2816 and EL59/3021 which are 100% owned by Rumble. Figure 1 - Western Queen tenure and Kirkalocka location Western Queen Gold Resources Upgrade During the year, a 17,255m diamond drilling program was completed. The drilling program focused on: • Infill Drilling: Upgrading previous Inferred gold Resources to the Indicated category at both Western Queen South and Western Queen Central1 . • Extension Drilling: Targeting high-grade, down-plunging extensions of the main gold mineralised zones In June 2026 a revised MRE of 5.13Mt @ 2.6g/t Au for a total of 433,600 oz was reported for the Western Queen Project. This represented a 17% increase in overall contained gold. whilst importantly, Indicated Resources increased by 54% to 2.46Mt @ 2.9 g/t for 227,700oz, with the addition of 79,700oz, compared to the July 2025 Resources. Drilling also discovered a new high- grade zone of 145kt @ 11.3 g/t Au for 52,500oz at Western Queen Central which is situated directly below the historical underground workings. 1 Refer to Rumble ASX release 14 January 2026 “Multiple high-grade gold intercepts at Western Queen including 30.72g/t Au over 5.8 metres” Rumble Resources Ltd & Controlled Entities REVIEW OF OPERATIONS – 10 – The updated MRE includes Indicated and Inferred Resource classifications in accordance with the Australasian Code of Reporting of Identified Mineral Resources and Ore Reserves (JORC Code 2012), with all the resources located within granted Mining Leases, M59/208 and M59/45 (refer to Figure 1). Refer to Table 1 and Figure 2 for a breakdown of Indicated and Inferred Resources by deposit area at Western Queen. Table 1 - Mineral Resource Estimate Tabulation for the Western Queen Project Figure 2 - Western Queen Gold Project – longitudinal projection displaying resources, previous mining and near deposit exploration potential The updated MRE was prepared by Ashmore Advisory Pty Limited (Ashmore). Ashmore undertook the MRE using Ordinary Kriging estimation methodology constrained by interpreted domain wireframes and was depleted for all resources contained inside of existing open pit and underground mining voids prior to reporting. The Western Queen Resource is reported at a 0.5g/t Au cut-off for open cut resources above the 245mRL level and 1.5g/t Au cut-off below the 245mRL level for underground resources. The 245mRL level was chosen as it is the base of the Western Queen Central Open Pit, which has historical reconciled production of 660kt at 8.9g/t Au for 190,000 oz. The deposits remain open along strike and at depth and the Company believes that additional drilling will further grow gold resources at Western Queen. The Company is planning further drilling programs to extend high-grade mineralisation at depth and to convert a significant portion of the new Inferred Resources to the higher confidence Indicated Resource category. Additionally, significant exploration Rumble Resources Ltd & Controlled Entities REVIEW OF OPERATIONS – 11 – potential remains along strike to the north and to the south along the recently reinterpreted position of the Western Queen Shear Zone (WQSZ). Refer Figure 3. Figure 3 - Western Queen Shear Zone Prospectivity over TMI Airborne Magnetics Western Queen Drill Program During the year, the Company completed an extensive and DD drilling program at Western Queen. A total of 17,255m of DD was completed on M59/208 and M59/45 from October 2025 to April 2026. Western Queen South Gold Deposit During FY26 34 diamond holes were completed at Western Queen South (WQS). These holes focused on infill to extend the depth of indicated resources as well as extension at depth of the main south plunging high grade lode (refer Figure 4). Better assay intersections returned include: • 22.7m @ 2.84g/t Au from 203.3m (WQDD033) o including 7.2m @ 6.00g/t Au from 213.8m • 11m @ 3.00g/t Au from 247m (WQDD034) o including 4m @ 6.70g/t Au from 247m • 12m @ 3.40g/t Au from 283m (WQDD036) o including 3m @ 7.03g/t Au from 288m • 11m @ 3.99g/t Au from 284m (WQDD037) o including 5m @ 6.99g/t Au from 286m • 6m @ 5.05g/t Au from 242m (WQDD041) • 12.2m @ 5.13 g/t Au from 456m (WQDD043) o including 2.2m @ 23.70 g/t Au from 466m • 10m @ 3.39 g/t Au from 215m (WQDD045) Rumble Resources Ltd & Controlled Entities REVIEW OF OPERATIONS – 12 – o including 3m @ 8.01 g/t Au from 219m o and 16m @ 2.17 g/t Au from 233m o including 4m @ 4.77 g/t Au from 234m • 12m @ 2.55 g/t Au from 324m (WQDD047) o including 5m @ 4.90 g/t Au from 326m • 27m @ 1.94 g/t Au from 294m (WQDD050) o including 8m @ 4.03 g/t Au from 300m • 17m @ 2.62 g/t Au from 344m (WQDD051A) o including 2m @ 10.48 g/t Au from 350m o and including 3m @ 4.84 g/t Au from 358m • 6m @ 5.60g/t Au from 253m (WQDD054) o and 7m @ 2.03g/t Au from 267m Figure 4 - Western Queen South Longitudinal Section – gram x metre contours with selected drill hole intersections. Rumble Resources Ltd & Controlled Entities REVIEW OF OPERATIONS – 13 – Western Queen Central Gold Deposit During FY26, the Company completed ten diamond holes at Western Queen Central (WQC). Drilling was targeted to better define both a high-grade zone below the historical underground workings as well as deeper parts of the shoot. Significant assays intercepted include (refer Figure 5): • 5.8m @ 30.72g/t Au from 314.6m (WQDD052) • 6.3m @ 24.88 g/t Au from 305m (WQDD057) • 6.9m @ 24.81 g/t Au from 290.1m (WQDD059) • 8m @ 4.23 g/t Au from 296m (WQDD058) • 9.45m @ 11.16 g/t Au from 331.55m (WQDD063) Mineralisation remains open down-plunge to the south. Figure 5 – Western Queen Central gram x metre contours with selected drill hole intersections – Longitudinal Section Western Queen Tungsten During the year, the Company continued to build on the significant tungsten discovery at Western Queen by expanding and infilling the known areas of mineralisation, primarily at Western Queen South. Significant assays intercepted include: • 5.9m @ 0.30% WO3 from 201m (WQDD033) • 2m @ 0.49% WO3 from 198m (WQDD040) o and 6.24m @ 0.30% WO3 from 223.76m o and 2m @ 0.56% WO3 from 248m • 10m @ 0.41% WO3 from 214m (WQDD045) • 4m @ 0.37% WO3 from 347m (WQDD055) • 4m @ 0.43% WO3 from 254m (WQDD054) Rumble Resources Ltd & Controlled Entities REVIEW OF OPERATIONS – 14 – Western Queen – Maiden Tungsten MRE On 11 August 2025, the Company announced a maiden tungsten MRE at Western Queen. The maiden MRE is 4.31Mt @ 0.31% WO3 for 13.2Kt WO3 at a 0.1% WO3 cut-off and contains a higher-grade portion of 1.44Mt @ 0.51% WO3 for 7.4Kt WO3 at 0.3% WO3 cut off (refer Table 2). Table 2 - Western Queen August 2025 Tungsten Mineral Resource Estimate (0.1% WO3 Cut-off) INFERRED MINERAL RESOURCE PROSPECT Tonnage WO3 WO3 kt % t WQC 790 0.27 2,200 Princess 810 0.22 1,800 WQS 2,710 0.34 9,200 TOTAL 4,310 0.31 13,200 Totals may differ due to rounding, Mineral Resources reported on a dry in-situ basis. The MRE is classified as Inferred Resources and is reported in accordance with the Australasian Code of Reporting of Identified Mineral Resources and Ore Reserves (JORC Code 2012), and all the resources are located within granted Mining Leases M59/208 and M59/45. Refer to Table 2 for breakdown of Inferred Resources by deposit area at Western Queen. The maiden MRE was prepared by Ashmore Advisory Pty Limited (Ashmore). Ashmore undertook the MRE using Ordinary Kriging estimation methodology constrained by interpreted domain wireframes produced by Company Geologists and was depleted for all resources contained inside of existing open pit and underground mining voids prior to reporting. The Western Queen tungsten Resource is reported at a 0.1% WO3 cut-off. Figure 6 - Maiden Western Queen Tungsten MRE showing extents of WO3 lodes and diagrammatic contoured block grades displaying emerging high-grade trends and select significant WO3 intercepts Rumble Resources Ltd & Controlled Entities REVIEW OF OPERATIONS – 15 – Geological investigations and petrographic studies have confirmed tungsten mineralisation at Western Queen represents an early prograde endoskarn mineralisation event which predates orogenic gold mineralisation. Up to 18 individual tungsten skarn lodes have been identified over a 1,500m strike between the Western Queen South and Central open pits, and are spatially adjacent, and sub-parallel to, the high-grade gold lodes. Figure 7 - Western Queen South Cross Section (A-B) highlighting Tungsten and Gold Resources Western Queen – Tungsten Metallurgy A bulk sample of the scheelite material was prepared and tested during the year with the aim of determining the optimum grade versus recovery curve and to develop a processing flowsheet that is both simple and maximises tungsten recovery without impacting the gold yield. The test work has confirmed that a very marketable Tungsten concentrate grading 48% at a 45% recovery can be produced via a simple flotation and gravity circuit that could be easily integrated into most existing gold CIL facilities with negligible impact on gold recovery. The flowsheet concept developed for the gold and scheelite is shown in Figure 8. Rumble Resources Ltd & Controlled Entities REVIEW OF OPERATIONS – 16 – Figure 8. Western Queen Flowsheet Concept Next Steps With global tungsten prices soaring over 500% in the past 12 months, the Company aims to fast-track production to capitalise on this historic market upside. Discussions with various parties are underway to establish payability scales and freight logistics, which will provide the key pricing data needed to finalise the financial model for a proposed Scoping Study due to be completed in FY27. Concurrently, the Company is preparing concentrate marketing samples. Engineering studies will also evaluate additional opportunities, such as an accelerated "coarse- liberation" concept. By recovering scheelite from the mill's recirculating load, this approach could lower capital costs and speed up implementation without affecting the finer grind needed for gold extraction. Western Queen Potential Mine Development During FY26, the Company transitioned its strategy for the Western Queen Gold Project from an open pit operation to an underground mine development due to superior project economics. Independent mining consultant Baybridge Mining Services completed a Scoping Study for the Western Queen South deposit in November 2025, outlining an initial two-year underground operation. Key findings from the Study are as follows: • The Production Target for Western Queen South is 617kt at 2.95g/t for 58.5koz contained gold • Robust economics with free cash flow of $133M, an NPV (at 8% discount rate) of $112M and an IRR of 370% at a gold price of A$5,540/oz (compared to the current spot gold price of circa A$7,400/oz) • All in sustaining costs of A$2,970 per oz gold • Simple underground mine design utilising uphole stoping due to simple, steep-dipping deposit geometry • Very low upfront pre-development capital of less than $10M • Importantly, only 29% of the current Mineral Resource at Western Queen South is included in the production target, providing additional opportunities to extend the mine life) Rumble Resources Ltd & Controlled Entities REVIEW OF OPERATIONS – 17 – The Study was based on initially mining only a portion of the defined Western Queen South Resource from underground and processing the ore at a third-party processing facility (refer to Figure 9). Figure 9 - Western Queen South underground mine design - 617kt @ 2.95g/t for 58.5koz In October 2025, a 6-month, 17,255m diamond drilling campaign began, primarily targeting the conversion of Inferred Resources to the Indicated category at Western Queen South and Central. The Company is confident that additional resource ounces within the Western Queen South and Central mine resource inventory outlined in the November 2025 conceptual design (refer to Figure 10) will be upgraded and included in an updated Scoping Study and mine plan in 2026. Figure 10 - Conceptual underground mine design to mine bulk of current WQ South and Central Resources Rumble Resources Ltd & Controlled Entities REVIEW OF OPERATIONS – 18 – This updated Scoping Study is on track for delivery in late September 2026. The Study will incorporate more of the Western Queen South Resources, as well as the new high-grade zone of 145kt @ 11.3 g/t Au for 52,500oz situated directly below the historical underground workings at Western Queen Central. The June 2026 upgraded gold Mineral Resource Estimate will be incorporated into an updated mining schedule, with workstreams including mining inventory assessment, mine scheduling, geotechnical evaluation, mining costs, development capital and execution planning. The Western Queen mine development remains on track for production to commence in 2027. Subsequent to the end of the financial year, the Company provided a project development update highlighting the progress towards commencement of gold production at Western Queen. Progress against key milestones included: • Ore Processing - Toll Milling and Blending Agreement with Gylden Resources Pty Ltd (“Gylden”) and Kirkalocka Gold SPV Pty Ltd executed. • Mineral Resource Estimate - Updated Resource estimate of 5.13Mt @ 2.6g/t Au for a total of 433,600oz contained gold released 24 June 2026. • Permitting & Approvals - to date the following permits and approvals have been received: ✓ Works Approval ✓ Native Vegetation Clearance Approval ✓ Groundwater Extraction Licence ▪ The Mine Development and Closure Proposal remains outstanding • Pit Dewatering - Preferred contractor engaged, pumps and pipework ordered, and formal agreement being finalised. • Mining Contractor - Discussions continue with potential underground mining contractors who have submitted ‘Expressions of Interest’. • Updated Scoping Study - Work is underway to update the November 2025 Scoping Study. Revisions will incorporate the June 2026 Mineral Resources upgrade, a revised mining schedule, final terms of the Gylden and Kirkalocka Gold Toll Milling and Blending Agr