Company Presentation
Released
Released
Announcement PDF
ASX: RTR
NEAR TERM
GOLD & TUNGSTEN PRODUCTION
EXPLORATION UPSIDE
MULTI-COMMODITY EXPOSURE
Fosters Stockbroking ASX Emerging Gold Producers Zoom Call
28 MAY 2026
This presentation has been prepared by Rumble Resources Limited (Rumble or the Company). It contains general information about the Company’s activities current as at the date of the presentation. The information is provided in summary form
and does not purport to be complete. This presentation is not to be distributed (nor taken to have been distributed) to any persons in any jurisdictions to whom an offer or solicitation to buy shares in the Company would be unlawful. Any recipient of
the presentation should observe any such restrictions on the distribution of this presentation and warrants to the Company that the receipt of the presentation is not unlawful. It should not be considered as an offer or invitation to subscribe for or
purchase any securities in the Company or as an inducement to make an offer or invitation with respect to those securities. No agreement to subscribe for securities in the Company will be entered into on the basis of this presentation or any
information, opinions or conclusions expressed in the course of this presentation. This presentation is not a prospectus, product disclosure document or other offering document under Australian law or under any other law. It has been prepared for
information purposes only. This presentation contains general summary information and does not take into account the investment objectives, financial situation and particular needs of any individual investor. It is not financial product advice and
investors should obtain their own independent advice from qualified financial advisors having regarding to their objectives, financial situation and needs. Rumble nor any of their related bodies corporate is licensed to provide financial product advice.
This presentation and information, opinions or conclusions expressed in the course of this presentation contains forecasts and forward-looking information. Such forecasts, projections and information are not a guarantee of future performance,
involve unknown risks and uncertainties. Actual results and developments will almost certainly differ materially from those expressed or implied. There are a number of risks, both specific to Rumble, and of a general nature which may affect the
future operating and financial performance of Rumble, and the value of an investment in Rumble including and not limited to title risk, renewal risk, economic conditions, stock market fluctuations, manganese demand and price movements, timing of
access to infrastructure, timing of environmental approvals, regulatory risks, operational risks, reliance on key personnel, reserve estimations, native title risks, foreign currency fluctuations, and mining development, construction and commissioning
risk.
You should not act or refrain from acting in reliance on this presentation, or any information, opinions or conclusions expressed in the course of this presentation. This presentation does not purport to be all inclusive or to contain all information
which its recipients may require in order to make an informed assessment of the prospects of Rumble. You should conduct your own investigation and perform your own analysis in order to satisfy yourself as to the accuracy and completeness of the
information, statements and opinions contained in this presentation before making any investment decision. Recipients of this presentation must undertake their own due diligence and make their own assumptions in respect of the information
contained in this presentation and should obtain independent professional advice before may any decision based on the information. No representation or warranty, express or implied, is made in relation to the fairness, accuracy or completeness of
the information, opinions and conclusions expressed in the course of this presentation. To the maximum extent permitted by law, no representation, warranty or undertaking, express or implied, is made and, to the maximum extent permitted by law,
no responsibility or liability is accepted by the Company or any of its officers, employees, agents or consultant or any other person as to the adequacy, accuracy, completeness or reasonableness of the information in this presentation. To the
maximum extent permitted by law, no responsibility for any errors or omissions from this presentation whether arising out of negligence or otherwise is accepted. An investment in the shares of the Company is to be considered highly speculative.
The exploration targets or conceptual exploration targets in this presentation or expressed during the course of this presentation are subject to completion of the necessary feasibility studies, permitting and execution of all necessary infrastructure
agreements. This presentation and information, opinions or conclusions expressed in the course of this presentation should be read in conjunction with Rumble's other periodic and continuous disclosure announcements lodged with the ASX, which
are available on the Rumble website. They involve risk and uncertainties that could cause actual results to differ from estimated results. Forward-looking statements include, but are not limited to, statements concerning the Company’s exploration
programs, outlook and target sizes. They include statements preceded by words such as “potential”, “target”, “scheduled”, “planned”, “estimate”, “possible”, “future”, “prospective” and similar expressions.
Competent Person Statement
The Exploration Results referenced in this presentation were first announced by the Company in accordance with ASX Listing Rule 5.7 in its announcements dated 19 May 2026, $ May 2026, 28 April 2026, 12 March 2026, 12 February 206, 14
January 2026, 11 August 2025, 23 July 2023, 16 April 2025, 4 April 2025, 17 February 2025, 11 December 2024, 28 November 2024,15 October 2024, 2 September 2024, 6 August 2024, 16 July 2024, 13 March 2024, 21 February 2024, 14
November 2023, 31 October 2023, 24 October 2023, 5t October 2023, 17 July 2023, 19 April 2023, 14 March 2023,16 February 2023, 17 November 2022, 3 November 2022, 29 September 2022, 30 August 202, 23 August 2022, 18 July 2022, 26
May 2022, 9 March 2022, 21 February 2022, 7 February 2022, 31 January 2022, 21 December 2021, 13 December 2021, 18 November 2021, 10 November 2021, 18 October 2021, 8 July 2021, 2 June 2021, 19 April 2021, 23 February 2021, 17
February 2021, 15 February 2021, 3 February 2021, 28 January 2021, 4 November 2020, 6 October 2020, 20 May 2020, 4 May 2020, 24 April 2020, 17 February 2020, 11 February 2020, 23 January 2020, 26 November 2019, 8 November 2019,
21November 2019, 21 October 2019, 1 October 2019, 23 August 2019, 22 August 2019, 6 August 2019, 11 July 2019, 1 July 2019, 4 April 2019, 12 March 2019, 12 February 2019, 6 February 2019, 17 December 2018, 27 November 2018, 30
August 2018 and 9 August 2018.
The Updated Mineral Resource Estimate (MRE) for the Western Queen Project referenced in this presentation was announced by the Company in accordance with ASX Listing Rule 5.8 on 23 July 2025 the previous MRE for Western Queen was
announced 15 October 2024. The Mineral Resource estimate for the Earaheedy Project referenced in this presentation was first announced by the Company in accordance with ASX Listing Rule 5.8 in its announcement dated 19 April 2023.
Rumble is not aware of any new information or data that materially affects the information included in the relevant market announcements described above and, in the case of the Mineral Resource estimate, that all material assumptions and
technical parameters underpinning the estimate in the relevant market announcement continue to apply and have not materially changed.
RUMBLE RESOURCES I ASX: RTR I 2
DISCLAIMER
Rumble is an Australian resources
company, delivering value and growth
through resource discoveries and project
development in Western Australia.
Our aim is to provide shareholders with
capital growth and dividend streams by
finding and developing mineral assets.
Our immediate focus is generating near-
term cashflow from the Western Queen
gold & tungsten project to internally fund
further resource growth and our other
exploration projects.
RUMBLE RESOURCES I ASX: RTR I 3
VISION & MISSION
RUMBLE RESOURCES I ASX: RTR I 4
CORPORATE OVERVIEW
SHAREHOLDER COMPOSITION
SHARE PRICE (28 May 2026) 6.0c
SHARES ON ISSUE ~1,327M
TICKER ASX:RTR
MARKET CAP ~$80M
CASH & EQUIVALENTS1 ~$6M
ENTERPRISE VALUE ~$74M
OPTIONS2 21.5M
PERFORMANCE RIGHTS3 10M
BOARD AND MANAGEMENT ~5%
TOP 20 ~34%
Notes:
1. As at 28 May 2026, excludes 2nd tranche of $5M from royalty sale
2. Directors & Executives – at various strike prices
3. MD/CEO
BOARD OF DIRECTORS
PETER HAROLD
Managing Director & CEO
PETER VENN
Technical Director
GEOFF JONES
Non-Executive Chairman
MICHAEL SMITH
Non-Executive Director
MATTHEW BANKS
Non-Executive Director
MANAGEMENT
BRETT KEILLOR
Technical Consultant
SIMON DAVIES
Exploration Manager
TREVOR HART
Chief Financial Officer
& Joint Company Secretary
RESEARCH
MICHAEL BENTLEY
MST Access
WESTERN QUEEN – GOLD & TUNGSTEN
• Near term cashflow from high-grade gold & tungsten
• Gold Resources growth already & potential to increase
• Oct 2024 - from 163koz to 287koz Au1
• July 2025 - from 287koz to 370koz Au at 3.1g/t2
• Nov 2025 – WQ South Scoping Study released
• Recent 17,000m drill program has extended WQS
down plunge and found more high-grade at WQC
below old workings
• Tungsten Discovery
• Maiden resource of 13.2kt WO3
3
• Met testwork confirms 48% WO3 conc. at 45% rec.4
• Near term tungsten concentrate revenue stream
RUMBLE RESOURCES I ASX: RTR I 5
WHY INVEST IN RUMBLE
EARAHEEDY - BASE METALS & SILVER
• Globally significant Zn-Pb-Ag discovery
• Maiden JORC MRE 2.2Mt Zn, 0.7Mt Pb &
12.6Moz Ag5
• Optimising potential product stream aim is to
produce a high-grade Zn conc. & separate Pb/Ag
conc.
• Opportunity to bring in a significant development
partner or sell a silver royalty stream to fund
resource to reserve conversion drilling and
feasibility study
1. Refer Company ASX release dated 15 October 2024
2. Refer Company ASX Release dated 23 July 2025
3. Refer Company ASX Release dated 11 August 2025
4. Refer Company ASX Release dated 25 March 2026
5. Refer Company ASX release dated 19 April 2023
RUMBLE RESOURCES I ASX: RTR I 6
OUR PROJECTS
WESTERN QUEEN
NEAR TERM GOLD PRODUCTION & DISCOVERY POTENTIAL
• Significant increase in gold resource ounces and grade reported July 2025
• Potential to quickly grow the gold Resources
• Maiden tungsten Resource reported in August 2025 with potential to grow
these resources and add a tungsten revenue stream
• On track to commence gold production in CY2027 & tungsten in CY2028
GOLD RESOURCES
UPGRADED TO
370kozs @ 3.1g/t Au1
MAIDEN TUNGSTEN
RESOURCES
13.2KT WO3
2
INFERRED RESOURCE
CONTAINING
2.2Mt Zn
0.7Mt Pb
12.6Moz Ag3
1 Refer Company’s ASX Announcement 23 July 2025
2 Refer Company’s ASX announcement 11 Aug 2025
3 Refer Company’s ASX announcement 19 April 2023
EARHEEDY
NEXT STEPS - RESOURCE TO RESERVE CONVERSION & BFS
• Potential large-scale, low-cost open pit mining
• Product +61% Zn+Pb bulk concentrate or separate high-grade Zn & Pb/Ag conc.
• Less than 30% of the 70km host unit tested
• One of the largest zinc sulphide discoveries over the last decade
OTHER PROJECTS
FRASER RANGE (Au) & MUNARRA GULLY (Cu/Au)
Mineral Resource Estimate (MRE) now 3.72Mt @ 3.1g/t Au
for 370,000oz1
Historical production – 880kt @ 7.6g/t Au for 215koz
Near-term production – WQ South Scoping Study confirms
quick start, very low capex, extremely robust economics and
huge upside
Well located – 200km radius of 5 gold plants, on granted mining
leases, Toll Milling & Blending Agreement with Gylden to
process through their Kirkalocka plant
Geology – The Western Queen deposits are associated with a
major orogenic shear zone that remains largely untested along
strike and at depth
Possible Analogy – Spartan/Ramelius Never Never & Pepper
deposits: 7.76Mt @ 9.32g/t Au for 2.32Moz2 to a vertical depth of
1,000m. Only 48km SE of WQ.
Tungsten – Maiden tungsten resource 13.2kt WO3
3
RUMBLE RESOURCES I ASX: RTR I 7
WESTERN QUEEN – HIGH-GRADE GOLD, NEAR TERM PRODUCTION
Location Plan of the Western Queen Gold Project
1. Refer Company ASX release dated 23 July 2025
2. Refer Ramelius Resources ASX release Noosa Mining
Conference Presentation 24 July 2025 page 38
3. Refer Company Release dated 11 August 2025
RUMBLE RESOURCES I ASX: RTR I 8
WESTERN QUEEN – 370,000oz @ 3.1G/T
Western Queen Gold Deposit Longitudinal Section – Highlighting Previous Production, Resources and Potential New Resource Areas
RUMBLE RESOURCES I ASX: RTR I 9
WESTERN QUEEN – INCREASE IN CONTAINED GOLD TO 370,000 OZ
Prospect
INDICATED INFERRED TOTAL
Tonnage
kt
Au
g/t
Au
Oz
Tonnage
kt
Au
g/t
Au
Oz
Tonnage
kt
Au
g/t
Au
Oz
Cranes 70 1.4 3,300 70 1.4 3,300
Duke 30 7.2 6,900 4 6.4 800 34 7.1 7,700
WQC 250 7.2 56,600 560 3.8 67,300 800 4.8 124,000
Princess 100 1.9 5,900 380 2.5 30,300 480 2.3 36,200
WQS 830 3.0 78,600 1,490 2.5 120,200 2,320 2.7 198,900
Total 1,210 3.8 148,000 2,510 2.8 222,000 3,720 3.1 370,000
Notes: Totals may differ due to rounding, Mineral Resources reported on a dry in-situ basis.
1 Refer Company’s ASX Announcement 23 July 2025
53%
Increase in average grade
to 3.1g/t Au
29%
Increase in contained ozs
Low discovery costs
RUMBLE RESOURCES I ASX: RTR I 10
WESTERN QUEEN – NEVER NEVER COMPARISON
Western Queen South comparison to Spartan/Ramelius Never Never lode (to scale)
RUMBLE RESOURCES I ASX: RTR I 11
WESTERN QUEEN EXPLORATION – INFILL & GROWTH DRILLING
WQ SOUTH
BEST INTERSECTIONS FROM CURRENT PROGRAM1 & 2
EXTENSIONAL & INFILL
Yellow & red holes = 25m x 25m infill drilling & extensional drilling
Extensional drilling achieved it aim of extending the mineralisation
down plunge over 500m from the bottom of the open pit
• 12.2m @ 5.13g/t from 456m (WQDD043) including 2.2m @ 23.70g/t from 466m
• 22.7m @ 2.84g/t Au from 203.3m (WQDD033) including 7.2m @ 6.00g/t Au from
213.8m
• 11m @ 3.00g/t Au from 247m (WQDD034) including 4m @ 6.70g/t Au from 247m
• 12m @ 3.40g/t Au from 283m (WQDD036) including 3m @ 7.03g/t Au from 288m
• 11m @ 3.99g/t Au from 284m (WQDD037) including 5m @ 6.99g/t Au from 286m
• 6m @ 5.05g/t Au from 242m (WQDD041)
1. Refer Company ASX release dated 14 January 2026
2. Refer Company ASX release dated 12 February 2026
RUMBLE RESOURCES I ASX: RTR I 12
WESTERN QUEEN EXPLORATION – INFILL & GROWTH DRILLING
WQ CENTRAL
Yellow & red holes = 25m x 25m infill drilling and down plunge extensional drilling
Drilling has added significant new high-grade mineralisation just below the old open pit
1. Refer Company ASX release dated 12 February 2026
2. Refer Company ASX release dated 14 January 2026
3. Refer Company ASX release dated 12 March 2026
4. Refer Company ASX release dated 18 February 2020
5. Refer Company ASX Release dated 4 November 2020
6. Refer Company ASX Release dated 9 June 2020
BEST INTERSECTIONS FROM CURRENT PROGRAM
• 6.3m @ 24.88g/t from 305m (WQDD043)1
• 5.8m @ 30.72g/t from 315m (WQDD057)2
• 6.9m @ 24.81g/t from 290m (WQDD059)3
PREVIOUS HIGH-GRADE RC/DDH DRILL INTERCEPTS
WESTERN QUEEN CENTRAL – DOWN PLUNGE4,5,6
• 6.4m @ 36.09 g/t Au from 305.7m (WQD-1072)
• 6m @ 34.24 g/t Au from 354m (WQRC007D)
• 5m @ 22.03 g/t Au from 280m (WQRC150)
• 11.8m @ 16.08 g/t Au from 340.4m (WQD-1089)
RUMBLE RESOURCES I ASX: RTR I 13
WESTERN QUEEN EXPLORATION – 17,000m DRILL PROGRAM
DDH1 Drilling rig on site at Western Queen South
OBJECTIVES OF THE RECENT DIAMOND PROGRAM
DISCOVER MORE GOLD RESOURCES
Targeting high-grade, down-plunge extensions to the WQ South and Central,
testing the Never Never analogy
UPGRADE INFERRED TO INDICATED RESOURCES
Infill the existing Western Queen South MRE which currently stands at 2.32Mt @
2.66g/t Au for 198,900 oz, to convert existing Inferred to Indicated Resources for
the mine plan
DISCOVER MORE TUNGSTEN RESOURCES
Discover more high-grade tungsten lodes, which are spatially adjacent, and sub-
parallel to, the high-grade gold lodes
GEOTECHNICAL REVIEW
Understand the geotechnical conditions in the area where the underground portal
and decline is proposed
GOLD RECOVERY CONFIRMATION
Use selected holes for the metallurgical testwork program across both the Western
Queen South and Central deposits to validate the previously achieved high gold
recoveries of +94%
RUMBLE RESOURCES I ASX: RTR I 14
WESTERN QUEEN – OTHER TARGETS ALONG THE SHEAR ZONE
Western Queen Shear Zone Prospectivity over TMI Airborne Magnetics
GOLD TARGETS
ON MINING LEASES
Over the 2km strike between the Duke and Cranes deposits
• Limited RAB drilling with an average end of hole depth of less than 20m
and only three RC holes
• Limited historical drilling at Cranes returned intercepts of 14m @ 4.87 g/t
Au from surface and 11m @ 1.85 g/t Au from surface1
WITHIN DISTRICT
The regionally significant Western Queen Shear Zone has been
reinterpreted using detailed airborne magnetics flown by Rumble and
remains largely untested
1. Refer Company ASX release dated 4 November 2019
Production Target – 617kt @ 2.95g/t
for 58.5koz Au over 2 years
Free Cashflow - $133M at A$5,540/oz
NPV - $112M at 8% discount rate
IRR - 370%
AISC – A$2,970/oz
Upfront capex – circa $10M
Short start up – 6 months from
cutting portal to first ore
RUMBLE RESOURCES I ASX: RTR I 15
PATHWAY TO PRODUCTION – WQ SOUTH SCOPING STUDY
90m
210m
Western Queen South underground mine design for 617kt @ 2.95glt for 58.5kozs
• Gold price assumption – A$5,540/oz
(spot 28/5/26 $6,300/oz)
• Processing – toll treat ore at
Kirkalocka, 180km by road
• Metallurgical recovery – 94% (based
on previous production & testwork)
KEY FINDING OF WESTERN QUEEN SOUTH STUDY1
KEY ASSUMPTIONS
• Simple mine design - steep dip allows
uphole stoping
• Small portion of resource - only 29%
of WQS Resources included in study
& none of WQ Central
• 66% Indicated / 34% Inferred
Resources in the mining inventory
IMPORTANT POINTS
1. Refer Company ASX release dated 27 November 2025
RUMBLE RESOURCES I ASX: RTR I 16
PRODUCTION – NEXT STEPS & GROWTH
Obtain all necessary approvals and permits
Execute ore tolling agreement
Secure project financing/make FID
Convert more Inferred Resources into Indicated
Bring WQ Central & tungsten into mine plan
Production – aiming for CY2027
NEXT STEPS
Conceptual underground mine design to mine bulk of current WQ South and Central Resources
WQ SOUTH PIT
WQ CENTRAL PIT
~400m
~410m
Western Queen
South
Production Target
27 Nov 25
Scoping Study
• Mine life extensions from:
• Infill drilling
• Down plunge extensions to WQ South and Central
• Discovery of new mineralisation proximal to existing resources
• New discoveries along the WQ Shear Zone
• Add tungsten revenue stream
SIGNIFICANT UPSIDE
RUMBLE RESOURCES I ASX: RTR I 17
PRODUCTION – TOLL MILLING DEAL
Kirkalocka gold processing plant
TOLL MINING & BLENDING AGREEMENT1
• All production covered - 100% of forecast production from WQ to be processed at
Gylden Resources/Kirkalocka Gold’s plant at Kirkalocka ~180km from WQ
• Blending - campaigns of 75,000t of WQ ore blended 50/50 with Gylden ore
• Long term arrangement - 4 years and 11 months from first WQ ore processing
• Fees - Competitive milling & blending fees fixed for CY2027 and there after negotiated annually
• Tungsten processing - parties agree to negotiate in good faith on construction and operation of
tungsten circuit at Kirkalocka
BENEFITS TO RUMBLE
ACCELERATED CASHFLOW - provides the fastest and simplest pathway to revenue
MINIMAL CAPEX - toll treating eliminates the need to construct a processing plant at WQ
EARLY VALUE REALISATION - could unlock the tungsten cashflow stream years early
1. Refer Company ASX release dated 19 May 2026
RUMBLE RESOURCES I ASX: RTR I 18
PRODUCTION – PRE-DEVELOPMENT FUNDING
WQ South pit in foreground – water from
WQS will be pumped to WQ Central pit
NEW ROYALTY1
• 2.5% Net Smelter Return on gold production from Western Queen sold to the existing
royalty holder, a wholly owned subsidiary of Elemental Royalty Corporation
• Replaces the existingA$6-20 per ounce royalty on gold production held by Elemental Royalty
CONSIDERATION
• $5 million on signing of the royalty
agreement and deed (received)
• $5 million on execution of the tolling
milling agreement (due 29 May)
$10 MILLION IN TOTAL
BENEFITS TO RUMBLE
NO EQUITY DILUTION - A material fund raising without any dilution to existing shareholders
STRONG VOTE OF CONFIDENCE IN THE PROJECT - Elemental has completed
extensive due diligence on the Western Queen resources and mine development project and
this royalty acquisition demonstrates their confidence in the proposed mine development
PRE-DEVELOPMENT FUNDING SECURED - Rumble now well funded to commence pre-
development works at Western Queen
1. Refer Company ASX release dated 4 May 2026
RUMBLE RESOURCES I ASX: RTR I 19
MORE POTENTIAL – TUNGSTEN
Significant Intersections1 & 2
1. ASX release dated 6 August 2024 – High-grade Tungsten
Discovery at Western Queen
2. ASX released dated 17 February 2025 - High-grade gold and
tungsten assays returned from Phase 1 drilling at Western Queen
WQDD013 INTERSECTIONS
• 4m @ 4.58% WO3 & 0.72g/t Au from 174.85m including
• 2.05m @ 8.71% WO3 & 1.38g/t from 176.85m and
• 0.65m @ 18.35% WO3, & 2.97g/t Au from 176.85m
MXDD003
• 11.5m @ 1.46% WO3
WQDD019
• 26m @ 0.62% WO3
WQSD002
• 11m @ 0.93% WO3 and 4.19g/t Au
Higher grade tungsten lodes
parallel to defined high-grade gold
mineralisation
RUMBLE RESOURCES I ASX: RTR I 20
MORE POTENTIAL – TUNGSTEN
Higher grade tungsten lodes parallel to
defined high-grade gold mineralisation
Long section – WQ South & Central
Cross section thru WQ South
RUMBLE RESOURCES I ASX: RTR I 21
TUNGSTEN – MAIDEN RESOURCE – 13.2KT WO3
1
Prospect
INFERRED MINERAL RESOURCE
Tonnage
kt
WO3
%
WO3
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
TABLE 1 - WESTERN QUEEN AUGUST 2025 TUNGSTEN MINERAL
RESOURCE ESTIMATE (0.1% WO3 CUT-OFF)1
The maiden resource includes open, higher grade zones,
which at a 0.3% WO3 cutoff result in 1.44Mt @ 0.51% WO3
1
Total may differ due to rounding, Mineral Resources reported on a dry in-situ basis.
WO3
Cut-Off
Resource Class
Tonnage
kt
WO3
%
MoS2
%
0.15%
Indicated 8,029 0.51 0.06
Inferred 50,686 0.43 0.05
Western Queen maiden resource compared to Almonty’s Sangdong Resources (mkt cap ~US$6B)
TABLE 2 - SANGDONG – MINERAL RESOURCES AS OF 28TH FEB 20252
1. Refer Company’s ASX Announcement 11 August 2025 2. Refer Almonty Industries Inc. release 3 July 2025
RUMBLE RESOURCES I ASX: RTR I 22
MORE POTENTIAL – TOWARDS TUNGSTEN PRODUCTION
METALLURGICAL TESTWORK1
• Highly marketable WO3 concentrate with a 48% grade and 45% recovery
• Simple flowsheet that successfully separates both gold and scheelite with minimal losses
(<1 %) of gold to the scheelite (WO3) concentrate
• The scheelite gravity flowsheet can be designed as a simple ‘bolt-on’ processing facility
which could be integrated into an existing gold plant
• Discussions have commenced with mineral processing specialists Sepro with the aim of
evaluating modular, low-cost gravity processing equipment for a rapid development option
NEXT STEPS
Further testwork will review a Concept 2 flowsheet to improve recovery
A scoping study has commenced on mining and processing WO3 material from
Western Queen South which could be mined concurrently with the gold mineralisation
Continue discussions with potential WO3 concentrate off-take partners
Fast track tungsten production - with global tungsten prices soaring by over 500% in
the last year, aim is to fast-track into production to capture this historic market upside
Western Queen Scheelite Plant Concept
1. ASX release dated 25 March 2026 – Excellent Metallurgical Results for Western Queen Gold & Tungsten
RUMBLE RESOURCES I ASX: RTR I 23
EARAHEEDY– GLOBALLY SIGNIFICANT ZN/PB/AG RESOURCE
MAIDEN SULPHIDE, PIT CONSTRAINED, INFERRED MINERAL RESOURCE ESTIMATE (MRE)
• Large scale, low-cost open pit mining proposition in premier mining jurisdiction
• One of the largest zinc sulphide discoveries globally over the last decade
94Mt @ 3.1% Zn+Pb and 4.1g/t Ag (at a 2% Zn+Pb cutoff) for
2.2Mt Zinc, 0.7Mt Lead and 12.6Moz Silver of contained metal
METALLURGICAL
TESTWORK CONFIRMS
• High recoveries and bulk
concentrate spec. (+60%
Zn+Pb) suitable for ISP
smelters
• HydroFloatTM works –
rejects 30% of the waste
and should lead to lower
plant capex & opex
• Potential to produce
separate high-grade Zn
conc. & Pb/Ag conc.
PROJECT OPTIONALITY
• The pit constrained MRE
hosts a 41Mt higher-grade
component >3% Zn+Pb
cut-off
EXCEPTIONAL RESOURCE
GROWTH AND DISCOVERY
POTENTIAL
• Deposits remain open with less than
30% of the now 70km host
Unconformity Unit effectively drill tested
• Excellent potential to locate further
near-surface high grade areas i.e.
Mato, Kalitan, Colorado zones
• High grade MVT deposit targets in
fertile underlying carbonate formations
remain untested
1. Refer Company’s ASX Announcement 19 April 2023
MAIDEN PIT CONSTRAINED INFERRED MINERAL RESOURCE TABULATION FOR THE EARAHEEDY PROJECT1
RUMBLE RESOURCES I ASX: RTR I 24
GLOBALLY SIGNIFICANT PIT CONSTRAINED MAIDEN RESOURCE1
Footnote: Inferred Mineral Resource is constrained within optimised pit shells and tabulated above at different economic Zn+Pb% cut offs.
Cut Off INFERRED - CHINOOK TONNAGE KT INFERRED TOTAL
Zn+Pb
Tonne
s
Zn-Pb Zn Pb Ag
Tonne
s
Zn-Pb Zn Pb Ag
Tonne
s
Zn-Pb Zn Pb Ag
% Mt % % % g/t Mt % % % g/t Mt % % % g/t
0.5 334 1.3 0.9 0.4 2.3 128 1.5 1.2 0.2 1.9 462 1.3 1.0 0.3 2.2
1.0 135 2.1 1.5 0.6 3.4 59 2.3 2.3 0.4 2.6 194 2.2 1.6 0.5 3.1
2.0 63 3.0 2.1 0.8 4.6 31 3.3 3.3 0.5 3.4 94 3.1 2.4 0.7 4.2
2.5 39 3.4 2.4 0.9 5.2 25 3.5 3.5 0.5 3.6 65 3.4 2.6 0.8 4.5
3.0 24 3.8 2.7 1.1 5.7 17 3.9 3.9 0.6 3.8 41 3.8 3.0 0.9 4.9
4.0 7 4.7 3.3 1.5 6.8 5 4.9 4.9 0.8 4.3 12 4.8 3.6 1.2 5.7
1. 1 Refer Company’s ASX Announcement 19 April 2023
RUMBLE RESOURCES I ASX: RTR I 25
EXCEPTIONAL RESOURCE GROWTH POTENTIAL
Inferred resources constrained to
closer spaced drilling with
potential to significantly grow
resources with infill and
extension drilling
Exceptional resource expansion
with deposits open in all directions
Mineralisation intersected in
broader spaced drilling outside of
inferred resource areas highlights
the potential for near term
resource growth
Potential to discover high-grade
MVT and fault related resources
beneath existing resource area in
underlying carbonate formations
• Potential to host major palaeochannel/basement gold deposits
• Near surface high-grade intersections1:
• 16m @ 6.69g/t Au from 42m
• 6m @ 9.15g/t Au from 48m
• 10,000m aircore and RC drill program being planned for FY26
RUMBLE RESOURCES I ASX: RTR I 26
OTHER PROJECTS
THUNDERSTORM-AU
EARAHEEDY – BASE METALS & AG
• Globally significant Zn-Pb-Ag discovery
• Maiden Resource 2.2Mt Zn, 0.7Mt Pb & 12.6Moz Ag
• Next steps – Optimise concentrate products, Resource to
Reserve conversion, Feasibility Study
OTHER PROJECTS
• Munarra Gully – prospective for Au, Cu, Ag – 5,000m AC program underway
• Generative Cu & Au projects – Tier 1
RUMBLE RESOURCES I ASX: RTR I 27
FRASER RANGE – THUNDERSTORM GOLD PROJECT
ACQUISITION1
Thunderstorm Project Location & AC Drill Results
• Rumble has acquired the
remaining 70% from IGO
• 3 tenements – E28/2528,
2595, 2529
• $300k in Rumble stock
& 1.05% NSR
GAZELLEDISCOVERY1
Prior wide spaced AC drilling on 1,500m traverses
returned high-grade paleo channel gold mineralisation
in 2019 including:
• 16m @ 6.69g/t Au from 42m
• 6m @ 9.15g/t Au from 48m
PIONDISCOVERY1
• 4m @ 3.80g/t Au from 86m
• Gold anomalism in 6 holes over 1.2km area
Gazelle and Pion have similar
characteristics to the
palaeochannel/placer gold
deposits of Higginsville and
Kanowna
Shallow gold mineralisation with
high-grade zones at Gazelle
point to a potential proximal
high-grade basement source
WHY WE LIKE
THUNDERSTORM
NEXTSTEPS
AC infill drill program at Gazelle
being planned
1. 1 Refer Company’s ASX Announcement 7 April 2025 – Rumble Acquires 100% of Thunderstorm Gold Project
NEW INVESTORS/CORPORATE ACTIVITY
More Institutions on register
More buying in the junior gold sector
Recognise the tungsten production potential
RUMBLE RESOURCES I ASX: RTR I 28
CATALYSTS FOR RE-RATE OF RUMBLE IN 2026
WESTERNQUEEN-GOLD
• More high-grade hits, depth extensions to WQ South & Central
• Execute ore tolling agreement
• Receive approvals for underground mine
• Secure debt funding & make Financial Investment Decision
• Resource upgrade
• Add WQ Central to Mining Inventory (convert more Inf. to Ind.)
WESTERN QUEEN – TUNGSTEN
• Scoping Study
• Resource upgrade
• Local processing option - ie. at Kirkalocka
FRASERRANGE
• Exploration success
EARAHEEDY
• Zinc price – stronger
• Optimised products – separate Zn and Pb/Ag concs.
Level 1, 16 Ord Street
West Perth WA 6005
+61 8 6555 3980
+61 8 6555 3981
info@rumbleresources.com.au
rumbleresources.com.au
CONTACT US
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