AGM Chair Address and Managing Director Presentation
Released
Released
Announcement PDF
Rumble Resources Limited
ASX:RTR
ABN 74 148 214 260
rumbleresources.com.au
T: +61865553980
E:info@rumbleresources.com.au
HeadOffice
Level1, 16 OrdSt
WestPerth, WesternAustralia6005 1
ASX ANNOUNCEMENT
28 November 2025
Chairman’s Address to AGM
Dear fellow directors, staff and shareholders,
Welcome to the 2025 Rumble AGM, my first AGM as Chairman of Rumble, although I have been on the board
since July 2022.
As you are aware it has been a very busy twelve months with our focus shifting to the Western Queen gold
project given the surge in the gold price.
The exploration team has undertaken a number of drill programs at Western Queen throughout FY2025 which
culminated in two upgrades in the gold mineral resource estimates and the discovery and announcement of a
maiden high-grade tungsten resource.
The first gold resource upgrade was a 76% increase in contained gold from 163,000 ounces to 286,600 ounces in
October 20241
. This was followed by a second upgrade in July 2025 to 370,000 ounces at a 53% higher average
grade of 3.1 grams per tonne gold2
.
Our exploration team also identified high-grade tungsten as scheelite mineralisation in the drill core, including
an intercept of 4 metres at 4.58% tungsten trioxide (WO3) and 0.72 grams per tonne gold from 174.9m in
WQDD0133
. Re-assaying of historical pulps and drill core culminated in us reporting a maiden tungsten resource
of 13,200 tonnes WO3 at an average grade of 0.31% WO3
4
.
Importantly, we are back drilling again at Western Queen and have drilled over 5,000 metres. We are eagerly
awaiting assays results.
In addition to the resource drilling, we have also been undertaking open pit and underground mining studies to
determine the most suitable pathway to get Western Queen into production, based on selling or toll milling our
ore at one of the gold processing facilities in the vicinity of Western Queen. We recently signed an MoU with
Gylden Resources to potentially toll our Western Queen ore through their 2Mtpa plant at Kirkalocka which is
about 170km southeast of Western Queen.
The Scoping Study on the Western Queen underground that was released earlier this week demonstrates we can
mine Western Queen South from underground, process the ore at the Kirkalocka plant and make a very robust
margin at the current spot gold price5
. Peter Harold will run through the outcomes of the Scoping Study in detail
during his presentation after the conclusion of the formal business of this meeting. There is significant potential
to increase the mine life at Western Queen by converting more Inferred resources to Indicated and mining the
Western Queen Central deposit from underground in addition to Western Queen South. The current drill
1
Refer Company release dated 15 October 2024
2
Refer Company release date 23 July 2025
3
Refer to Company release dated 6 August 2024
4
Refer to Company release dated 11 August 2025
5
Refer to Company released dated 27 November 2025
Rumble Resources Limited
ASX:RTR
ABN 74 148 214 260
rumbleresources.com.au
T: +61865553980
E:info@rumbleresources.com.au
HeadOffice
Level1, 16 OrdSt
WestPerth, WesternAustralia6005 2
program is designed to both extend the resources down plunge and convert more resources to the Indicated
category.
Given the success of the recent drill programs and the strong gold price environment, which is forecast to
continue, our strategy with Western Queen is as follows:
• continue exploring to grow the gold and tungsten resources;
• commence gold production from underground as soon as possible; and
• study the tungsten mineralisation to determine if there is a pathway to generate a tungsten revenue
stream in addition to the planned gold revenue stream.
Our overarching goal is to become a self-funded gold producer that can utilise the free cashflow generated from
our operations to deliver further discoveries and grow our resources, thus rewarding our loyal shareholders with
share price appreciation and a potential dividend stream.
We will also continue to utilise our in-house exploration expertise to find new orebodies that may ultimately be
turned into operating mines.
While our primary focus is on gold and tungsten, we have undertaken an internal scoping study on our large
Earaheedy zinc, lead and silver project to determine the best way forward. The study has confirmed we will need
marginally higher long-term zinc and lead prices than the current spot prices for Earaheedy to be developed.
While the copper price has rallied strongly recently both zinc and lead prices remain largely subdued, however
as the world’s consumption of metals increases we believe all base metal prices will rise and new projects will be
developed to meet the increased demand anticipated. We will continue to optimise the Earaheedy project with
additional metallurgical testwork planned for CY2026.
To allow us to fund our exploration and miner pre-development activities we completed a number of successful
capital raising during the year and I thank the existing shareholders and new shareholders for supporting those
raisings. We welcomed new significant shareholders during the year including Tribeca Investment Partners.
I would like to take this opportunity to thank the board, executives and staff and all our contractors for their
efforts this year.
To our loyal shareholders and new shareholders, thank you for your support. We believe we are well placed to
leverage off the renewed interest in gold, tungsten and the other metals in our extensive Western Australian
portfolio. Next year should be a very good year for Rumble as we move towards gold production and continue
exploration to potentially grow our gold and tungsten resources.
Thank you
Geoff Jones
Chairman
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
Annual General Meeting Presentation
28 November 2025
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
~$0.04 ~1,310M ASX:RTR
SHARE PRICE (28 Nov
2025)
SHARES ON ISSUE TICKER
~$51M ~$7.5M ~$43.5M
MARKET CAP CASH & EQUIVALENTS3 ENTERPRISE VALUE
3.0M 25.0M
OPTIONS1 PERFORMANCE
OPTIONS & 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. 3.0 million 20c & 58c Options (Various Expiry)
2. 5.0 million Performance Options Vesting $1 &
$2 (unvested), 1.5 million Options @ 20c &
10.0M Options at 15.4c & 21.5c & 10.0M
Performance Rights with various hurdles
3. As at 28 Nov 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 ~6%
TOP 20 ~33%
*3 November 2025
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 drill program (up to 20,000m of diamond)
✓ 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 8 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 8 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 PHASES
WQ South Next Phases
1. Extensional/Growth drilling
2. Infill - Inferred to Indicated
• Red holes = 60x60m extensional/Growth
• Proposed extensional drilling aims to extend
mineralisation ~250m down plunge of previous
drilling
• Blue holes = 40x40m infill drilling
10
Previous High-grade RC/DDH Drill Intercepts
Western Queen South Deposit1,2,3
• 5m @ 38.76g/t Au from 193m, and
• 17m @ 5.70g/t Au from 221m (WQRC 188)
• 4m @ 49.73 g/t Au from 134m (QND-38975-1)
• 5m @ 17.69 g/t Au from 83m (QNC-8900-1)
• 21m @ 3.47 g/t Au from 141m, and
• 9m @ 5.34g/t Au from168m (QNC 8950-1)
• 6.93m @ 4.10g/t Au from 362m (WQDD025A)
1. Refer Company ASX release dated 3 February 2021
2. Refer Company ASX Release dated 4 November 2019
3. Refer Company ASX Release dated 4 June 2025
WESTERN QUEEN EXPLORATION – INFILL & GROWTH PHASES
WQ Central Next Phases
1. Extensional/Growth drilling
2. Infill - Inferred to Indicated
• Red holes = 60x60m Extensional/Growth
• Proposed Extensional/Growth drilling aims
to extend mineralisation ~200m down
plunge of previous drilling
• Blue holes = 40x40m infill drilling
11
Previous High-grade RC/DDH Drill Intercepts
Western Queen Central – Down Plunge1,2,3
• 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 18 February 2020
2. Refer Company ASX Release dated 4 November 2020
3. 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 - $112 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
KEY DELIVERABLES
POSITIONED FOR CASHFLOW & FUTURE RESOURCE GROWTH
Western Queen
Au & WO3
• Aim to grow gold resources
with extensional drilling
• Infill drilling to increase
confidence ahead of
proposed mining activities
• Grow the tungsten resource
and determine route to
cashflow
Earaheedy
Zn,Pb,Ag
• Complete the internal
scoping study
• Seek a development
partner
Other Projects
Au, Cu, PGMs
• Drill Thunderstorm Au
targets
• Continue to build a Cu-Au
exploration portfolio
• Advance other projects via
JVs/partnerships/other
forms of collaboration
Recognition of
True Value
• Gold production to fund
dividend stream and
resource growth at Western
Queen
• Add tungsten revenue
steam
• Unlock value of Earaheedy
Driving value through exploration
success and key milestone
achievements to enhance
shareholder returns.
23
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
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