RUMBLE RESOURCES LIMITED — AGM Information 2019

Nov 28, 2019

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ASX:RTR
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Drill Testing a Pipeline of Projects Capable of World Class Discoveries

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AGM Presentation 29[th] November 2019

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2019 Hi hli hts and Outlook g g

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Since January 2019

• 4 Projects drill tested for discovery

• Raised $5.25mil

• 2 new mineralised systems discovered

• 2 new cornerstone investors

• 2 high-grade mineralisation discoveries

• New Exploration Manager – Mark Carder

8 x Near Term Catalysts to March 2020

• $10m farm out with AIC Mines at Lamil Project for 65%

• 1 Project - Drill program commenced

• Optioned Western Queen High-Grade Gold Project

• 4 Projects - 5 Drill programs planned

• Acquired 75% of Earaheedy Zn Project

• 2 Projects - Drill targeting

• Fast tracked drill target generation on 6 projects

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Image: Western Queen Central Deposit
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Corporate Overview

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Capital Structure	Capital Structure	Capital Structure
Shares on Issue	#	446m
Unlisted Options on Issue1 2 3 4 5	#	47.8M
Cash6	A$	$4.32m
Market Cap	A$	$28m

1. 9mil 8c options (22 December 2020)

2. 4mil 3c Options (8 September 2020)

3. 14.8mil 15c Options (22 December 2019)

RTR Price Chart 12months

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1. 5mil 15c Options (22 December 2022)

2. 15mil Performance Options 20c, 30c, 40c, 50c, $1 & $2

3. Cash position not including $1.2m expected R&D refund

Board & Management	Board & Management
Shane Sikora	Managing Director
Brett Keillor	Technical Director
Matthew Banks	Non-Executive Director
Michael Smith	Non-Executive Director
Steven Wood	Company Secretary
Mark Carder	Exploration Manager

Ownership Analysis	Ownership Analysis	Ownership Analysis
Board and Management		10.58%
Top 20		33.5%

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Pipeline of Projects - Multiple Avenues to Discovery

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8 Near Term Catalysts to March 2020

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* _Commenced**_

Western Queen Au Project

* _Commenced** Lamil Cu-Au Project_

• Planned early December 2019

Earaheedy Zn-Pb Project

4. Drilling planned following up of high-grade Co discovery

• Planned early December 2019

Munarra Gully Cu-Au-Co Project

*Planned January 2020

Long Lake Ni-Cu-PGM Project

6. Drilling planned targeting large mafic hosted copper-gold deposits

• *Planned February 2020

• Munarra Gully Cu-Au-Co Project

*Planned February 2020

Thunderstorm Ni-Cu-Au Project

*Planned March 2020

Braeside/Barramine Zn–Pb–Cu–Ag-Au–V Project.

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Western Queen High-Grade Au Project

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• Option to acquire 100% of the Western Queen Project 110km NW of Mt Magnet

• The Project is a high-grade gold system with two mined open pit deposits with a combined historic production of 840,000t @ 7.8 g/t Au for 210,000oz

• Remaining resources beneath both mined deposits include 962,000t @ 3.9 g/t Au for 120,000oz

• Located within 100km radius of three operating gold mills

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Image: Western Queen Project – Location of High Order Area/Targets

Western Queen Central – Drill Targets

• Down plunge of main high-grade shoot

• Down plunge and up plunge of newly identified high-grade zones

• North extension to pit - 200m strike – open to the north and at depth

• • South extension to pit - 250m strike – open to the south and at depth

Western Queen South – Drill Targets

• Near pit extensions

Cranes Prospect – Drill Targets

• Completely open 200m strike – high-grade laterite and basement

• Main Shear Zone – Drill Targets

• Between Western Queen Central and Cranes – 2km strike

• South of Western Queen South – 1km strike

• Central Zone between Western Queen Central & Western Queen South

Image : Project Location with Neighbouring Gold Processing Faculties

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Western Queen Central Main Deposit

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Western Queen Central - Deep RC commenced drill testing targetting the down plunge position of the main shoot of the Western Queen Central pit *** High-grade gold is open down plunge - _6.3m @ 36.09 g/t Au from 305.7m & 11.8m @ 16.08 g/t Au from 340.4m**_

Western Queen Central North Extension – RC drilling commenced testing for extensions to high-grade mineralisation north of Western Queen Central *** High-grade gold is open down plunge, up plunge and north along strike - _7m @ 60.6 g/t Au from 70m and 6m @ 37.34 g/t Au from 50m**_

Western Queen Central South Extension – RC drilling commenced testing for extensions to the shallow mineralisation south of the Western Queen Central historic pit

• High-grade gold is open down plunge and south along strike - 2m @ 40.37 g/t Au from 4m and 3m @ 10.42 g/t Au from 1m

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Image – Long Section highlighting Western Queen Central South, Central and North Extension – Multiple Drill Targets

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Earaheed Zn-Pb Pro ect y j

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Image – Highlighting the two sandstone sub basins with over 13kms of shallow drill target zones and new applications.

• Acquired 75% of E69-3464 from Zenith Minerals (ASX: ZNL) - RTR 100% Applications

• Rumble drilling identified an unrecognised sandstone unit that hosts the higher grade Zn-Pb situated above the recognised mineralised dolomite unit which holds the lower grade MVT Zn mineralisation ( Zn horizon - 20km by 3.5km )

• Rumbles new target is large tonnage, flat lying, near surface (open pittable) sandstone hosted Zn–Pb deposits on the western margin where mineralisation is inferred to come to surface and has no previous drilling - 13kms of strike in two shallow sandstone sub basins

• Only fifteen (15) drill holes have been completed within the main sandstone sub basin – all are mineralised with over half ending in mineralisation . Drilling intercepts include:

• 7m @ 4.85% Zn + Pb from 103m EOH in sandstone

• 6m @ 3.91% Zn, 0.39% Pb from 210.5m in sandstone

Next Steps

• A wide spaced shallow vertical RC drilling - Planned early December 2019

Image – Longitudinal Sections highlighting higher grade Zn-Pb in Sandstone unit above Dolomite

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Munarra Gully 34kms strike and Co Prospect

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High-Grade Cobalt-Platinum Prospect

• Reconnaissance air core drilling discovered significant shallow high-grade lateral Co-Pt mineralisation. Intercepts included:

• 3m @ 0.37% Co, 75 ppb Pt from 14m

• 2m @ 0.48% Co, 220 ppb Pt from 18m

• • 2m @ 0.20% Co, 203 ppb Pt from 11m • 1m @ 0.55% Co, 382 ppb Pt from 13m

• Airborne magnetics and surface geochemistry completed by Rumble has outlined up to 10km strike

Next Steps

• Air core drilling to scope shallow high-grade cobalt mineralisation testing 4km of strike – Planned early December 2019

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Image– Munarra Gully Project – Location of Prospect over Regional Magnetics

• Ongoing interpretation and evaluation has identified a regional structural zone as the main control for significant copper, gold and cobalt mineralisation within the Munarra Gully Project .

• The mineralised structure is interpreted to extend over 34 km and significantly upgrades the prospectivity for large mafic hosted copper gold deposits

• Three significant prospects associated with the structure are the Munarra North Cu-Au, White Rose Cu-Au and Co Prospects

Image – Co Prospect – Location of Planned Drilling (Dec 2019) over Magnetics

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Munarra North Cu-Au Prospect

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• Cu-Au Ag defined over 1.2km and Cu anomalism occurs over a strike of 6km - completely open

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• The copper bearing mafic intrusion is 150m wide similar to White Rose which is constrained to a strike length of 350m, however at Munarra North the large scale tonnage potential is compelling with over 6km’s of strike and completely open

• Important: Historic exploration focused on gold with limited partial copper assaying completed on 5 diamond drill holes (also some very limited RC holes) at Munarra North. Historic Cu-Au-Ag intercepts (partial) include:

  • 8m @ 1.31% Cu, 0.83 g/t Au from 104m

  • 5m @ 1.7% Cu, 0.82 g/t Au, 21.2 g/t Ag from 139m

  • 8m @ 0.52% Cu, 4.24 g/t Au, 11.75 g/t Ag from 161m

  • 3m @ 0.96% Cu, 0.67 g/t Au, 20 g/t Ag from 203m

• Significant Au mineralisation ( not tested for Cu ) including:

  • 14m @ 2.36 g/t Au from 57m

  • 51m @ 0.8 g/t Au from 35m

  • 45m @ 0.89 g/t Au from 65m

Broad zones of alteration and anomalous Au (not tested for

Cu) including:

• 30m @ 0.89 g/t Au from 90m (EOH)

• 81m @ 0.32 g/t Au from 35m

• 69m @ 0.24 g/t Au from 35m (EOH)

Next Steps – Munarra North

• Air core drilling 700m south on granted e51-1677 - Commencing early December 2019

• Petrophysics on historic core– Planned for February 2020

Image: Munarra North Prospect – Drill Hole Location Plan with Significant Results

• Upon grant - RC drilling – Planned for February 2020

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Lamil Cu-Au JV Project Paterson Province

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About JV Project

• Rumble has a $10m Farm Out for the Lamil Project with AIC Mines (ASX:A1M) to earn 65% within 5 years

• Region hosts the recent RIO Winu Copper-Gold Discovery and Greatland Gold - Havieron Gold-Copper Discovery

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Image: Location of Four High priority targets

Main Target

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Lamil dome structure (Target P1 – “Lamil Dome”)

• Target has similar dome size, trend and host rocks to the Telfer Au – Cu deposit (32Moz Au, 1Mt Cu resource), a large dome structure which lies 30km to the northeast

Next Steps

In November 2019 AIC commenced its initial phase of field work which will ultimately guide targeting of future drilling programs including:

• Ground based gravity surveys;

• Ground-based passive seismic surveys; and

• Geochemical orientation surveys.

Image: Target P1 – Series of Upward Continued Magnetic Images highlighting the Lamil Dome which has a similar dome size, trend and host rocks to the Telfer Dome

Image: Lamil Project located in between Nifty and Telfer

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Fraser Range Ni-Cu-Au JV Project

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About Project

• IGO 70%/RTR 30% - Rumble is free carried to completion of a PFS.

Thunderstorm JV Project

Significant high-grade gold discovered on wide spaced air core drilling ( 1.5km by 400m pattern ) completed by IGO

• Themis Prospect - High-grade gold within a palaeo-drainage and into basement rocks returned:

• 25m @ 2.42 g/t Au from 42m incl 5m @ 10.85 g/t from 49m

• Pion Prospect - 13 km further along the palaeo-drainage returned:

• 4m @ 3.8 g/t Au from 86m

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Image: Thunderstorm JV Project – Main Au over Palaeo-drainage (from Spectrem AEM)

Potential

• The wide spaced reconnaissance drilling program highlighted the potential for both palaeochannel and basement gold deposits.

• Rumble considers the Themis Prospect gold mineralisation as the most significant gold intercept in the Fraser Range in recent years outside of the Tropicana gold system.

• The main palaeo-drainage has not been tested between the two main intercepts (18AFAC30771 and 18AFAC20486), a distance of 11km (13km by drainage) highlighting the scale potential.

Next Steps

• IGO will complete infill drilling around the significant high-grade gold mineralisation - Planned to commence February 2020

Image: Themis Prospect - Section with Significant High-Grade Au Intercept

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Braeside-Barramine Zn–Pb–Cu–Ag-Au–V Project

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• Discovered a
Regional Scale
Porphyry to
Epithermal
System from
surface
• Over 60 km of
mineralised
strike and up
to 8km wide
Next Steps
Image: 60kms of mineralisation with Defined Targets Highlighted
• Refining Drill Targets - Commenced
• Drilling of Refined Drill Targets - Planned March 2020
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Long Lake Ni-Cu-PGM-Co Project

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• Since 1883, the Sudbury Mining Field has been the second-largest supplier of nickel ore in the world with over 1.7 billion tonnes of past production, reserves and resources.

• Ni-Cu and PGM bearing sulphide minerals occur in a 60 km by 27 km elliptical igneous body called the Sudbury Igneous Complex (“SIC”). The current model infers the SIC was formed some 1,844 million years ago after sheet-like flash/impact melting of nickel and copper bearing rocks by a meteorite impact. Important : Nearly half of the nickel ore at Sudbury occurs in breccias and Offset Dykes in the footwall rocks of the “SIC” .

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Image: Location of the Long Lake Projects and the Deposit Types of the Sudbury Basin.

Inferred Extension the ‘Copper Cliff Offset Dyke System’

• The Copper Cliff offset Dyke is a world class copper-nickel sulphide system producing some 200 million tonnes of ore - The southernmost deposit discovered to date is at Kelly Lake with a reserve of 10.5 Mt @ 1.77% Ni, 1.34% Cu and 3.6 g/t PGM.

• 4km of strike at Long Lake is inferred to be the faulted southern extension of the ‘Copper Cliff Offset Dyke system ’ that has been moved west by later regional faults - some 10km SW of the Kelly Lake Ni-Cu-PGM deposit.

Next Steps

• Phase 2 GTEM - Ground TEM survey targeting offset dyke – Planned January 2020

Image: Inferred Copper Cliff Offset Dyke extension moved west – Location of GTEM Surveys

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Investment Summary

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• Rumble executing pipeline of projects strategy – de risked strategy providing multiple avenues to discovery

• 8 near term catalysts for significant re-rating to March 2019

• 1 Project - Drill program commenced

• 4 Projects - 5 Drill programs planned

• 2 Projects - Drill targeting

• Strong cash position for exploration programs and acquisitions

• Successful Technical Director – twice Prospector of the year

• Highly leveraged to exploration success

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Contacts and Disclaimer

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Office: Suite 9/36 Ord Street, West Perth WA 6005 Australia

E: Info@rumbleresources.com.au

Web: www.rumbleresources.com.au

Disclaimer;

• This pres entation 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 pres entation 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 purchas e any s ecurities in the Company or as an inducement to make an offer or invitation with respect to those s ecurities. 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 pres entation 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 pres entation 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, manganes e demand and price movements, timing of access to infrastructure, timing of environmental approvals, regulatory risks, operational risks, reliance on key personnel, res erve 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 pres entation, or any information, opinions or conclusions expressed in the cours e 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 bas ed on the information. No repres entation 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 pres entation are subject to completion of the necessary feasibility studies, permitting and execution of all necessary infrastructure agreements. In relation to any statements pertaining to future exploration targets or conceptual exploration targets, the nature of the exploration target means that the potential quantity and grade is conceptual in nature, that there has been insufficient exploration to define a Mineral Resource and that it is uncertain if further exploration will result in the determination of a Mineral Resource. This pres entation 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 caus e actual results to differ from estimated results. Forward-looking statements include, but are not limited to, statements concerning the Company’s exploration programme, 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 information in this pres entation that relates to Exploration Results or Mineral Resources is based on information compiled or reviewed by Mr Brett Keillor, who is a Member of the Australian Institute of Mining and Metallurgy. Mr Keillor has sufficient experience, which is relevant to the style of mineralisation and type of deposit under consideration and to activities undertaken, to qualify as a Competent Person as defined in the 2012 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Mr Keillor consents to the inclusion in the pres entation of the matters based on his information in the form and context in which it appears.

• Refer previous announcements in respect of exploration results dated 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 resource for the Western Queen Au Project was disclosed in the ASX announcement dated 6 August 2019. Rumble is not aware of any new information or data that materially affects the information included in that relevant market announcement and that all material assumptions and technical parameters underpinning the estimates in the relevant market announcement continue to apply and have not materially changed.

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