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RUMBLE RESOURCES LIMITED — Capital/Financing Update 2014
Apr 1, 2014
65736_rns_2014-04-01_35907a8e-6809-4cfa-b425-e83b7b4b9110.pdf
Capital/Financing Update
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Rumble Significantly Expands Fraser Range Foot Print by 74%
2[nd] April 2014
Highlights
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Large strategic Exploration License Application adjoining the existing Zanthus Project located only 18km to the east of the world class NovaBollinger Nickel Copper Sulphide discoveries of Sirius Resources NL
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Rumble’s Foot Print in the Fraser Range increases by 74%
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Zanthus Project has now increased to 957 square km in the underexplored and highly prospective emerging nickel province
Rumble Resources Ltd (“Rumble” or “the Company”) is pleased to announce that the Company has completed a strategic tenement application (ELA 28/2464) adjoining the existing Zanthus Project (ELA 69/2506 - JV with Blackham Resources Ltd (ASX: BLK) in the Fraser Range located only 18km to the east of the world class Nova-Bollinger Nickel Copper Sulphide discoveries of Sirius Resources NL (ASX: SIR).
The new Exploration License Application increases the Zanthus Project to 957 square kilometres and expands Rumble Fraser Range foot print by 74% to 1383 square kilometres. Rumble secured this license for nil consideration in the hottest exploration region in Australia enabling Rumble to utilise its cash for high impact exploration. Rumble will continue to strategically expand its foot print in the emerging nickel province providing Rumble multiple opportunities to make the next significant Nickel Discovery.
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Rumble Resources Ltd
Level 1, 33 Richardson Street, West Perth, WA 6005
T +61 8 6555 3980 F +61 8 6555 3981
rumbleresources.com.au
ASX RTR
Executives & Management
Mr Shane Sikora CEO
Mr Terry Topping Executive Director
Mr Andrew McBain Non-executive Director
Mr Matthew Banks Non-executive Director
Mr Michael Smith Non-executive Director
Mr David Palumbo Company Secretary
Mr Andrew Jones Exploration Manager
Figure 1 Image showing the location of the new Zanthus application in close proximity to Sirius Resources world class Nova nickel-copper discovery
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The new application has had minimal base metal exploration with the initial technical review identifying airborne magnetic and gravity prospects. The Company considers the eastern side of the Fraser Range to be highly prospective for further world class Nickel-Copper discoveries with the application bordered by our Fraser Range peers in Sirius Resources NL, Matsa Resources Limited, Buxton Resources Limited and Mark Creasy controlled private company Ponton Minerals Pty Ltd – see figure 1 .
Rumble believes the Fraser Range has the potential to host a significant number of Nickel deposits of various characteristic similar to that of the Voisy bay, Thompson and Raglan nickel deposits in Canada which are host to multiple world class deposits – see figure 2 .
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Figure 2 Location of Voisy bay, Thompson and Raglan nickel deposits.
The Fraser Range has previously been underexplored but following the discovery of the world class Nova-Bollinger Nickel Copper sulphide discovery the region is experiencing an unprecedented amount of exploration by multiple exploration companies which has already produced some very exciting results. With Rumble’s Fraser Range ground position and exploration activities, tight capital structure and Rumble identifying one of the largest bedrock conductors in the Fraser Range, Rumble shareholders are well leveraged to exploration success.
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For further information visit rumbleresources.com.au or contact [email protected].
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.