Announcement PDF N E A R T E R M & E X P L O R A T I O N U P S I D E E X P O S U R E G O L D P R O D U C T I O N M U LT I - C O M M O D I T Y A S X : R T R Peter Harold MD & CEO RIU Explorers Conference Fremantle 19 February 2026 DISCLAIMER 2 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 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 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 identifying and developing mineral assets. Our immediate focus is generating near-term cashflow from Western Queen to internally fund further resource growth and to fund our other exploration projects. VISION AND MISSION ~$0.043 ~1,327M ASX:RTR SHARE PRICE (18 Feb 2026) SHARES ON ISSUE TICKER ~$57M ~$5.6M ~$50M MARKET CAP CASH & EQUIVALENTS3 ENTERPRISE VALUE 21.5M 10M OPTIONS1 PERFORMANCE RIGHTS2 CORPORATE OVERVIEW RESEARCH Analyst Coverage MICHAEL BENTLEY PETER HAROLD Managing Director & CEO PETER VENN Technical Director GEOFF JONES Non-Executive Chairman BOARD OF DIRECTORS BRETT KEILLOR Technical Consultant MANAGEMENT Notes: 1. Directors & Executives – various strike prices 2. MD/CEO 3. As at 31 Dec 2025 SIMON DAVIES Exploration Manager TREVOR HART Chief Financial Officer & Joint Company Secretary MICHAEL SMITH Non-Executive Director MATTHEW BANKS Non-Executive Director 3 SHAREHOLDER COMPOSITION BOARD AND MANAGEMENT ~5% TOP 20 ~34% WHY INVEST IN RUMBLE? 4 WESTERN QUEEN – Gold & Tungsten ✓ Near term cashflow from high-grade gold deposits ✓ Resource growth already & potential to increase • Oct 2024 - from 163koz to 287koz Au1 • July 2025 - from 287koz to 370koz Au2 • Nov 2025 – WQ South Scoping Study released • Targeting further significant resource growth with current 20,000m drill program ✓ Tungsten • Maiden resource of 13.2kt WO3 3 • Huge resource growth potential • Potential near term co-product revenue stream Earaheedy - Base Metals & Silver ✓ Globally significant Zn-Pb-Ag discovery ✓ Maiden JORC MRE 2.2Mt Zn, 0.7Mt Pb & 12.6Moz Ag4 • Looking for a significant development partner 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 19 April 2023 OUR PROJECTS WESTERN QUEEN – NEAR TERM GOLD PRODUCTION & DISCOVERY POTENTIAL • Recent significant increase in gold Resources ounces and grade • Potential to quickly grow the gold resources with extensional drilling • Near-term gold production option, scoping study out • Maiden tungsten resource reported with potential to grow resources and add a tungsten revenue stream EARAHEEDY – LOOKING FOR A DEVELOPMENT PARTNER • Potential large-scale, low-cost open pit mining • Metallurgical testwork confirms +61% Zn+Pb concentrate • Less than 30% of the 70km host Unconformity Unit tested • One of the largest zinc sulphide discoveries over the last decade OTHER PROJECTS – FRASER RANGE (AU), MUNARRA GULLY (CU/AU) & LAMIL JV (CU) 5 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 Gold Resources upgraded to 370kozs @3.1g/t Au1 Inferred Resource containing 2.2Mt Zn 0.7Mt Pb 12.6Moz Ag3 Maiden tungsten Resources 13.2kt WO3 2 WESTERN QUEEN – HIGH-GRADE GOLD, NEAR TERM PRODUCTION 6 Location Plan of the Western Queen Gold Project • Mineral Resource Estimate (MRE) now 3.72Mt @ 3.1g/t Au for 370,000oz1 a 53% grade increase • 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, MoU with Gylden to process at 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 lodes which are 7.76Mt @ 9.32g/t Au for 2.32Moz2 to a vertical depth of 1,000m • Tungsten – Maiden tungsten resource 13.2kt WO3 3 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 WESTERN QUEEN – GLOBAL RESOURCE GRADE UP 53% TO 3.1G/T 7 Western Queen Gold Deposit Longitudinal Section – Highlighting Previous Production, Resources and Potential New Resource Areas WESTERN QUEEN – 29% INCREASE IN CONTAINED GOLD TO 370,000 OZ 8 Western Queen MRE 23 July 20251 • 53% increase in average grade to 3.1g/t Au • 29% increase in global ozs • Low discovery costs 1 refer Company’s ASX Announcement 23 July 2025 9 Western Queen South comparison to Spartan/Ramelius Never Never lode (to scale) WESTERN QUEEN – NEVER NEVER COMPARISON 9 WESTERN QUEEN EXPLORATION – INFILL & GROWTH DRILLING WQ South • Red holes = 25m x 25m infill drilling & down plunge extensional drilling • Proposed extensional drilling aims to follow up the deepest intercept in WQDD043 10 Best intersections from current program1 & 2 Extensional & Infill • 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 • 7.97m @ 3.12g/t Au from 279m (WQDD038) • 3.48m @ 4.28g/t Au from 224.52m (WQDD040) • 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 WESTERN QUEEN EXPLORATION – INFILL & GROWTH DRILLING WQ Central • Red holes = 25m x 25m infill drilling and down plunge extensional drilling • Proposed extensional drilling aims to extend mineralisation Best intersections from current program Infill • 6.3m @ 24.88g/t from 305m (WQDD043)1 • 5.8m@30.72g/t from 314.6m (WQDD057)2 11 Previous High-grade RC/DDH Drill Intercepts Western Queen Central – Down Plunge3,4,5 • 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) 1. Refer Company ASX release dated 12 February 2026 2. Refer Company ASX release dated 14 January 2026 3. Refer Company ASX release dated 18 February 2020 4. Refer Company ASX Release dated 4 November 2020 5. Refer Company ASX Release dated 9 June 2020 WESTERN QUEEN EXPLORATION – DRILLING UNDERWAY 12 DDH1 Drilling rig on site at Western Queen South Objectives of current 20,000m 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 - A small portion of the drilling will infill the existing Western Queen South MRE which currently stands at 2.32Mt @ 2.66g/t Au for 198,900 oz, with the aim of converting 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 – 2 holes to understand the geotechnical conditions in the area where the underground portal and decline is proposed • Gold recovery confirmation – use selected holes to provide samples for a metallurgical testwork program across both the Western Queen South and Central deposits to validate the previously achieved high gold recoveries of +93% WESTERN QUEEN – OTHER TARGETS ALONG THE SHEAR ZONE 13 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 untested 1. Refer Company ASX release dated 4 November 2019 PATHWAY TO PRODUCTION – WQ SOUTH SCOPING STUDY 14 Key finding of Western Queen South Study1 • Production Target – 617kt @ 2.95g/t for 58.5koz Au • Free Cashflow - $133M • 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 Key Assumptions • Gold price assumption – A$5,540/oz (spot A$6,400/oz) • Processing – toll treat ore at Kirkalocka, 176km by road • Metallurgical recovery – 94% (based on previous production & testwork) Important points • 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 Western Queen South underground mine design for 617kt @ 2.95glt for 58.5kozs 1. Refer Company ASX release dated 27 November 2025 90m 210m PRODUCTION – NEXT STEPS & GROWTH 15 Next Steps • Obtain all necessary approvals and permits • Execute ore tolling or ore sale agreement • Secure project financing/make FID • Convert more Inferred Resources into Indicated • Bring WQ Central into mine plan • Production – aiming for early 2027 Upside • 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 Conceptual underground mine design to mine bulk of current WQ South and Central Resources WQ South Pit WQ Central Pit Western Queen South Production Target 27 Nov 25 Scoping Study ~400m ~410m MORE POTENTIAL – TUNGSTEN 16 Significant Intersections1 & 2 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 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 Higher grade tungsten lodes parallel to defined high-grade gold mineralisation TUNGSTEN – MAIDEN RESOURCE – 13.2KT WO3 1 17 1 refer Company’s ASX Announcement 11 August 2025 2 refer Almonty Industries Inc. release 3 July 2025 Note 2 The maiden resource includes open, higher grade zones, which at a 0.3% WO3 cutoff result in 1.44Mt @ 0.51% WO3 1 Western Queen maiden resource compared to Almonty’s Sangdong Resources EARAHEEDY– GLOBALLY SIGNIFICANT Zn/Pb/Ag RESOURCE 18 Maiden Sulphide, pit constrained, inferred Mineral Resource Estimate (MRE) • 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 • Large scale, low-cost open pit mining proposition in premier mining jurisdiction • One of the largest zinc sulphide discoveries globally over the last decade Metallurgical testwork confirms • High recoveries and bulk concentrate spec. (+60% Zn+Pb) suitable for ISP smelters • HyroFloatTM works – rejects 30% of the waste and should lead to lower plant capex & opex 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 GLOBALLY SIGNIFICANT PIT CONSTRAINED MAIDEN RESOURCE1 19 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 20 OTHER PROJECTS 21 Thunderstorm - Au • Potential to host major palaeochannel/basement gold deposits • Near surface high-grade intersections: • 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 Earaheedy – base metals & Ag • Globally significant Zn-Pb-Ag discovery • Maiden Resource 2.2Mt Zn, 0.7Mt Pb & 12.6Moz Ag • Looking for a development partner Other Projects • Munarra Gully – prospective for Au, Cu, Ag • Lamil – Cu FRASER RANGE – THUNDERSTORM GOLD PROJECT 22 • Acquisition • Rumble has acquired the remaining 70% from IGO • 3 tenements – E28/2528, 2595, 2529 • $300k in Rumble stock & 1.05% NSR • Gazelle Discovery • 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 • Pion Discovery • 4m @ 3.80g/t Au from 86m • Gold anomalism in 6 holes over 1.2km area • Why we like Thunderstorm • 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 Next steps • AC infill drill program at Gazelle being planned Thunderstorm Project Location & AC Drill Results 1 Refer Company’s ASX Announcement 7 April 2025 – Rumble Acquires 100% of Thunderstorm Gold Project Catalysts for re-rate of Rumble in 2026 23 • Western Queen - Gold • High-grade hits, depth extensions to WQ South & Central • Ore tolling agreement executed • Approvals received for underground mine • Financial investment Decision & project funding secured • Resource upgrade • Add WQ Central to Mining Inventory (convert more Inf to Ind) • Western Queen – Tungsten • Positive met testwork results • Scoping Study • Resource upgrade • Fraser Range • Exploration success • Earaheedy ▪ Zinc Price - stronger • New Investors/Corporate Activity • More Instos on register • More buying in the junior gold sector CONNECT WITH US info@rumbleresources.com.au rumbleresources.com.au Level 1, 16 Ord Street, West Perth, WA 6005 +61 8 6555 3980 Peter Harold Managing Director & CEO https://www.linkedin.com/company/ rumble-resources-ltd Rumble Resources Ltd (@RumbleResources) / X 24