IGO LIMITED — Capital/Financing Update 2018

Feb 4, 2018

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5[th] February 2018

Independence JV Update - Exploration commenced on Fraser Range Projects

Rumble Resources Ltd

Rumble Resources Ltd (ASX: RTR) (“Rumble” or “the Company”) is pleased to advise that joint venture partner Independence Group NL (ASX: IGO) (“Independence”) has commenced exploration activities to earn an interest in Rumble’s highly prospective projects in the Fraser Range region of WA (Image 1) ( Fraser Range Projects ), which includes the Big Red (E28/2268), Thunderdome (E28/2366), and Thunderstorm (E28/2595) projects.

Independence have advised the Company of the below activities that were recently undertaken and have provided an outline of the planned exploration activities for Q3 and Q4 of the 2018 financial year.

Suite 9, 36 Ord Street, West Perth, WA 6005 T +61 8 6555 3980 F +61 8 6555 3981

rumbleresources.com.au

Work completed to date:

• Aircore drilling over Big Red and Thunderdome (112 holes for 12,189m); assays are currently being received with results to be provided when available;

• A ground gravity survey is being acquired at 400 x 400m spacing over Thunderdome and Big Red. This survey is currently nearing completion.

Work planned for Q3/Q4 includes:

• Aircore drilling at the Thunderstorm Project. Initial ground clearing and heritage work is expected to commence in February;

• Review of geochemical results from the Thunderdome and Big Red tenements. Anomalous areas will be followed up with moving loop EM (MLEM) and subsequent drilling, conditional on results;

• Airborne EM (SPECTREM) to be flown over Thunderstorm (weather permitting). Aircore drilling has shown depth to basement in the Big Red-Thunderdome area ranges from approximately 90-120m. Given the thickness and the conductive nature of the overburden it is unlikely that SPECTREM will be completed over the Big Red and Thunderdome tenements.

Please note that timelines for planned programs are conditional on ground conditions, contractor availability and a range of other factors.

ASX RTR

Executives & Management

Mr Shane Sikora Managing Director

Mr Brett Keillor Technical Director

Mr Matthew Banks Non-executive Director

Mr Michael Smith Non-executive Director

Mr Steven Wood Company Secretary

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Image 1 – Rumbles 100% Owned Fraser Range Projects subject to joint Venture with IGO

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Aircore Drilling

A total of 112 AC holes for 12,189m were drilled over the tenements at Big Red and Thunderdome (Image 2). Details of the drill program are summarized in table 1 below.

Assay results are pending and will be assessed in detail once received.

Tenement	Collars	Metres Drilled	Av. Hole Depth (m)
Big Red	20	2,311	116
Thunderdome	92	9,878	107
Total	112	12,189	109

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Image 2 Big Red and Thunderdome Tenements on greyscale TMI 1VD RTP regional aeromagnetics. Gravity stations and completed AC collars are shown

Rumble looks forward to providing further exploration results as they become available.

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About Rumble Resources Ltd

Rumble Resources Ltd is an Australian based exploration company, officially admitted to the ASX on the 1st July 2011. Rumble was established with the aim of adding significant value to its current gold and base metal assets and will continue to look at mineral acquisition opportunities both in Australia and abroad.