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RUMBLE RESOURCES LIMITED — Capital/Financing Update 2014
Jun 30, 2014
65736_rns_2014-06-30_732531ae-8d4c-4383-bcd4-42020fbc2603.pdf
Capital/Financing Update
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----- Start of picture text ----- Rumble Resources LtdLevel 1, 33 Richardson Street,West Perth, WA 6005T +61 8 6555 3980F +61 8 6555 3981rumbleresources.com.auASX RTR----- End of picture text -----
Rumble Successful in Ballot For Fraser Range Tenement
Highlights
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Rumble new exploration license application covers 59 square kilometres situated on the Fraser Range Gravity High
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New Rumble tenement is larger than the Nova’s EL 28/1724 tenement which holds the Nova-Bollinger deposit
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Rumble is the now third largest ASX listed tenement holder in the Fraser Range Province with 2026 square kilometres
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Airborne Magnetic Survey on Rumble’s Fraser Range tenements continuing with the new exploration included
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----- Start of picture text ----- Executives & ManagementMr Shane SikoraCEOMr Terry ToppingExecutive DirectorMr Matthew BanksNon-executive DirectorMr Michael SmithNon-executive DirectorMr Andrew McBainNon-executive DirectorMr David PalumboCompany Secretary----- End of picture text -----
Rumble Resources Ltd (“Rumble” or “the Company”) is pleased to announce that is has been successful in a ballot for the Fraser Range tenement EL 28/2382. The Company was in a ballot with 10 other applicants which went before the wardens court on the 13[th] of June 2014.
The new exploration licenses expand Rumbles Fraser Range Foot Print to 2026 square kilometres with Rumble securing this license for nil consideration. Rumble is the third largest ASX listed tenement holder in the Fraser Range and importantly Rumble owns a 100% interest in 8 out of the 9 Fraser Range tenements.
The new application (EL28/2382 – 100% Rumble) is located on the same belt as the world class Nova-Bollinger Nickel Copper Sulphide discoveries of Sirius Resources NL (ASX: SIR). Previous exploration has been completed on the tenement with the Rumble technical team reviewing all the data to plan a systematic exploration program once granted.
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Figure 1 Image showing the location of the new Fraser Range applications
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Detailed Airborne Magnetic Survey Update
The airborne magnetic survey is the first stage of a systematic program to identify high priority drill targets to complement the drill ready bedrock conductor at the Big Red Project.
Block 1 - E69/2506 of the Zanthus Project
The area has been completed and the data is being processed. The completed airborne magnetic survey will highlight structures and eye features and allow a more detailed understanding of the local geology.
A Ground EM survey is being planned to identify further conductive bodies with discussions with ground crews availability underway. Ground EM conductors have been proven fundamental in determining Nickel and Copper ore bodies and will be the key targets for drilling. Rumble will look to complete further ground EM on our three recently discovered conductive bodies at the Zanthus project and will conduct further programs on any high priority targets generated from the magnetics data.
Block 2 - Thunderstorm Project
Rumble has included the new application EL28/2382 (which forms part of the newly named Thunderstorm project) which is scheduled to be completed shortly.
Block 3 – Big Red Project
This is scheduled following the completion of Block 2.
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Figure 2 Image showing the locations of the 3 stages of the Detailed Airborne Magnetic Survey
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For further information visit rumbleresources.com.au or contact [email protected].
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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.
Competent Persons Statement
The information in this report that relates to Exploration Results is based on information compiled by Mr Terry Topping, who is a Member of the Australasian Institute of Mining & Metallurgy and the Australian Institute of Geoscientists. Mr Topping is a fulltime employee of Rumble Resources Limited and has sufficient experience relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking 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 Topping consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.