RUMBLE RESOURCES LIMITED — Capital/Financing Update 2017

Sep 3, 2017

4 September 2017

Multiple Conductors coincident with Base Metal Trends Identified at Braeside High Grade Zinc Lead Project

Highlights

Braeside Zn-Pb-Ag (Au, Cu) Project, Western Australia

Stage 1 - Regional soil geochemistry program - E45/2032

• Significant Zinc, Lead and Copper mineralised trends up to 4km’s long identified throughout the 30km of strike, coincident with key geological structures and historic high grade base metal rock chip sampling

Rumble Resources Ltd

Suite 9, 36 Ord Street, West Perth, WA 6005

T +61 8 6555 3980

F +61 8 6555 3981

Stage 2 – VTEM survey - E45/2032

rumbleresources.com.au

• The VTEM survey has defined multiple conductors that are importantly associated with the identified regional base metal trends, historic high-grade base metal rock chip sampling and key geological structures that represent first order VMS Targets

Stage 3 – Infill geochemistry over metal trends and conductors - E45/2032

• Infill 200m by 200m soil geochemistry program has commenced over the base metal trends and conductors identified in Stage 1 and 2

Rumble Resources Ltd (ASX: RTR) (“Rumble” or “the Company”) has successfully completed the Stage 1 soil program and Stage 2 helicopter-borne (VTEM) electromagnetic geophysical surveys at the historic Braeside High Grade Zinc – Lead Project (“the Project”), which have produced significant results.

Rumble’s Managing Director, Mr Shane Sikora, said : “Rumble is excited at conducting the first modern systematic exploration program at the Braeside Project, which hosts many historic high grade base metal small-scale mines associated with altered geological structures that produced lead, zinc and silver up until 1959. Historical high grade grab sampling assays previously returned up to 18.9% Zn, 79% Pb, 11.64% Cu, 325 g/t Ag and 13 g/t Au with numerous high grade untested Zn, Pb and Cu prospects throughout the entire 30km of strike at the Project.

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

The Company is pleased to report that the first 2 stages of exploration have been incredibly successful delivering fantastic results.

The broad spaced regional soil sampling program has identified significant zinc, lead and copper metal trends throughout the entire 30km of strike at the E45/2032 Braeside Project which are importantly coincident with key geological structures and historic high grade base metal rock chip samples. Historically, mineralised trends with high grade rock chips samples located within key geological structures have proven to be key path finders in discovering major base metal deposits.

The VTEM survey has highlighted a multitude of conductors, importantly many are associated with the identified regional base metal trends, historic high grade base metal rock chip sampling and key geological structures. Based on the earlier litho-geochemistry work competed by Rumble which identified the VMS potential of the project, the newly defined conductors represent first order VMS targets.

Rumble will continue to fast track the systematic staged exploration at Braeside with the aim of providing its shareholders with the best chance of making a large base metal discovery. The Company will now focus on refining key VMS drill targets by completing the stage 3 infill soils along the base metal trends and conductors identified. Upon completing stage 3, The Company will assess the conductors, geological structures, regional metals trends and historic high grade base metal rock chips throughout the Braeside Project to rank key targets for Stage 4 Ground EM.

Rumble is fully funded to complete all stages of exploration and expects to complete the stage 5 drill testing of the first order VMS targets prior to the end of 2017.”

==> picture [83 x 72] intentionally omitted <==

Stage 1 - Regional soil geochemistry (multi-element) - E45/2032

Rumble completed the first ever regional soil geochemistry program completed at the Braeside Project which covered the entire E45/2032 license and was primarily designed to delineate base metal and gold geochemical trends.

In total, 1229 samples were collected on a staggered 400m by 400m grid over the entire area of granted EL45/2032. The samples were analysed utilising a 33 element suite (aqua regia digest with MS finish).

The soil sampling program was incredibly successful with significant zinc (>100ppm) and lead (>100ppm) trends up to 4km’s long identified throughout project which importantly are coincident with key geological structures and historic high grade base metal rock chips.

Historically mineralised trends with high grade rock chips samples located within key geological structures have proven to be key path finders in discovering major base metal deposits.

• The maximum Zn in soil value is 1493 ppm with twenty four (24) >200ppm anomalies defined.

• The maximum Pb in soil value is 1283 ppm with nineteen (19) >200ppm anomalies defined.

• The maximum Cu in soil value is 199 ppm with nine (9) >150ppm anomalies defined.

• The maximum Au in soil value is 22 ppb with seven (7) > 10ppb anomalies defined.

==> picture [278 x 399] intentionally omitted <==

==> picture [278 x 399] intentionally omitted <==

Image 1 - Zinc Geochemistry over Structures

Image 2 - Lead Geochemistry over Structures

==> picture [281 x 404] intentionally omitted <==

==> picture [83 x 72] intentionally omitted <==

==> picture [282 x 404] intentionally omitted <==

Image 3 - Copper Geochemistry over Structures Image 4 - Gold Geochemistry over Structures

Stage 2 – Airborne VTEM - E45/2032

Rumble completed the first ever helicopter-borne Versatile Time Domain Electromagnetic (“VTEM”) geophysical survey at the Company’s Braeside Project – E45/2032. VTEM is one of the world’s highest resolution and signal-to-noise ratio airborne electromagnetic systems and is a proven exploration tool in discovering large scale base metal deposits. The survey was completed by Geotech Ltd.

The VTEM survey covered an area of approximately 450 line kilometres at flight line spacings (perpendicular to stratigraphy) of 400 metres.

Historic airborne Tempest AEM has provided confidence that there are no, or very minor, lithological conductors such as graphitic shales along the known base metal mineralised system at the Project.

The VTEM program was extremely successful with preliminary VTEM processing (using Maxwell software) defining a multitude of early and late time conductors. Significantly the conductors strongly correlate the known structural directions, coincide with the extensive zinc, lead and copper geochemical trends and historic high grade base metal rock chip sampling.

Based on the earlier litho-geochemistry work competed by Rumble which identified the VMS potential of the project, the newly defined conductors represent first order VMS Targets.

==> picture [83 x 72] intentionally omitted <==

==> picture [516 x 683] intentionally omitted <==

Image 5 Late Time (Maxwell) Conductors over Geology and Structure

==> picture [83 x 72] intentionally omitted <==

==> picture [521 x 690] intentionally omitted <==

Image 6 Early Time (Maxwell) Conductors over Geology and Structures

==> picture [83 x 72] intentionally omitted <==

Stage 3 – Infill Geochemistry

The field crew has been redeployed to complete an infill soil geochemistry sampling program across the metal trends identified in Stage 1 and over conductors identified by the VTEM in Stage 2. The infill geochemistry will help rank key targets for Stage 4 Ground EM.

Once completed stage 3 the company will assess the conductors, geological structures, regional metals trends and historic high grade rock chips throughout the project to rank key targets for Stage 4 Ground EM.

Systematic Exploration Process of High Grade Zinc Lead Braeside Project

The Braeside Project consists of multiple high grade zinc, lead, copper and silver deposits and occurrences associated within a major NNW fault zone within mafic volcanics and volcaniclastics over a strike of at least 80 km. The poly-metallic mineralisation has not been tested by detailed geophysics, geochemistry and very limited drilling with only 10 known historic drill holes in 1928 and1951.

Rumbles exploration program is the first modern systematic exploration program being undertaken at the Braeside High Grade Zinc – Lead Project.

Significant High grade historical grab sampling returned up to 18.9% Zn, 79% Pb, 11.64% Cu, 325 g/t Ag and 13 g/t Au with numerous untested Zn, Pb and Cu prospects throughout the entire 30km of strike.

Please see ASX presentation announced on the 11 May 2017 which highlights the high grade rock chips throughout the entire 30km of strike: http://www.asx.com.au/asxpdf/20170511/pdf/43j61hglpxfm80.pdf .

Note: Subsequent this presentation Rumble raised $1.06mil in a placement announced 27th June 2017 and is now fully funded to complete all 5 stages of exploration.

Recent litho-geochemistry completed by Rumble suggests the mineralisation is associated with sub volcanic rhyolitic porphyry (Koongaling Felsic Volcanics) indicating potential for a VMS system capable of hosting a large base metal deposit.

Rumble’s technical team lead by Technical Director Mr Brett Keillor is systematically exploring the Braeside Project generating first order VMS feeder pipe targets using proven, modern exploration techniques.

Rumble is fast tracking exploration as per the stages outlined below. The first 4 stages are anticipated to be completed over the coming months, and the Company expects to complete the stage 5 drill testing of any first order VMS targets identified prior to the end of 2017.

Stage	Exploration Activity	Progress
Stage 1	Regional soil geochemistry (multi-element) to cover Braeside Project Area	100% Completed
Stage 2	Fly Airborne VTEM	100% Completed
Stage 3	Infill geochemistry over metal trends and conductors generated by VTEM in Stage 2 to help rank key drill targets	Commenced
Stage 4	Ground TEM surveys over the highest ranked conductors (drill targets) to further delineate drill targets	Subsequent to infill geochemistry
Stage 5	Drill test conductive plates in order or ranking	Subsequent to Stage 4

==> picture [551 x 437] intentionally omitted <==

Image 7 – Project Location, Tenements and Simplified Regional Geology

Shane Sikora Managing Director

- ENDS -

For further information visit or contact enquiries@rumbleresources.com.au.

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.

Forward Looking and Cautionary Statement

The information in this report that relates to historic exploration results was collected from DMP reports submitted by government agencies and previous explorers. Rumble has not completed the historical data or the verification process. As sufficient work has not yet been done to verify the historical exploration results, investors are cautioned against placing undue reliance on them.

Competent Persons Statement

The information in this report that relates to Exploration Results is based on information compiled by Mr Brett Keillor, who is a Member of the Australasian Institute of Mining & Metallurgy and the Australian Institute of Geoscientists. Mr Keillor is an employee of Rumble Resources Limited. Mr Keillor 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 Keillor consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

Section 1 Sampling Techniques and Data

==> picture [83 x 72] intentionally omitted <==

Criteria	JORC Code explanation			Commentary
Sampling	 Nature and quality of sampling (e.g. cut channels,	Soil sampling completed by contractor.
techniques	random chips, or specific specialised industry
	standard measurement tools appropriate to the		Soil Sampling – Wet analysis –
	minerals under investigation, such as down hole		Multi-element suite (33 elements)
	gamma sondes, or handheld XRF instruments, etc.).
	These examples should not be taken as limiting the broad meaning of sampling.  Include reference to measures taken to ensure sample representivity and the appropriate calibration of any measurement tools or systems used.		Sampling methodology includes taking a + 1kg sample (-2mm sieve fraction) from surface to 15cm depth.
	 Aspects of the determination of mineralisation that
	are Material to the Public Report.
	 In cases where ‘industry standard’ work has been
	done this would be relatively simple (e.g. ‘reverse
	circulation drilling was used to obtain 1 m samples
	from which 3 kg was pulverised to produce a 30 g
	charge for fire assay’). In other cases more
	explanation may be required, such as where there is
	coarse gold that has inherent sampling problems.
	Unusual commodities or mineralisation types (e.g.
	submarine nodules) may warrant disclosure of
	detailed information.
Drilling	 Drill type (e.g. core, reverse circulation, open-hole
techniques	hammer, rotary air blast, auger, Bangka, sonic, etc.)		Not applicable - no drilling
	and details (e.g. core diameter, triple or standard		completed.
	tube, depth of diamond tails, face-sampling bit or
	other type, whether core is oriented and if so, by
	what method, etc.)..
Drill sample	 Method of recording and assessing core and chip		Not applicable - no drilling
recovery	sample recoveries and results assessed.		completed.
	 Measures taken to maximise sample recovery and
	ensure representative nature of the samples.
	 Whether a relationship exists between sample
	recovery and grade and whether sample bias may
	have occurred due to preferential loss/gain of
	fine/coarse material.
Logging	 Whether core and chip samples have been		Not applicable - no drilling
	geologically and geotechnically logged to a level of		completed.
	detail to support appropriate Mineral Resource
	estimation, mining studies and metallurgical studies.
	 Whether logging is qualitative or quantitative in
	nature. Core (or costean, channel, etc.)
	photography.
	 The total length and percentage of the relevant
	intersections logged.
Sub-	 If core, whether cut or sawn and whether quarter,		Not applicable - no drilling
sampling	half or all core taken.		completed.
techniques	 If non-core, whether riffled, tube sampled, rotary
and sample	split, etc. and whether sampled wet or dry.
preparation	 For all sample types, the nature, quality and
	appropriateness of the sample preparation
	technique.
	 Quality control procedures adopted for all sub-
	sampling stages to maximise representivity of
	samples.
	 Measures taken to ensure that the sampling is
	representative of the in situ material collected,
	including for instance results for field
	duplicate/second-half sampling.
	 Whether sample sizes are appropriate to thegrain

Criteria		JORC Code explanation		Commentary
		 size of the material being sampled.
Quality	of	 The nature, quality and appropriateness of the		The soil sampling was on a
assay data		assaying and laboratory procedures used and		staggered 400m by 400m grid. The
and		whether the technique is considered partial or total.		analysis used an aqua regia digest
laboratory		 For geophysical tools, spectrometers, handheld XRF		(partial).
tests		instruments, etc., the parameters used in		Assaying by Intertek Genalysis
		determining the analysis including instrument make		Labs, Maddington. Method was AR
		and model, reading times, calibrations factors		digest and analysed by MS. 33
		applied and their derivation, etc.		elements including Au tested. The
		 Nature of quality control procedures adopted (e.g.		charge is 10 gramme. 1229
		standards, blanks, duplicates, external laboratory		samples assayed.
		checks) and whether acceptable levels of accuracy (i.e. lack of bias) and precision have been established.		QA/QC internal laboratory standards, blanks and duplicates.
Verification		 The verification of significant intersections by either
of sampling		independent or alternative company personnel.		Not applicable - no drilling
and		 The use of twinned holes.		completed.
assaying		 Documentation of primary data, data entry
		procedures, data verification, data storage (physical
		and electronic) protocols.
		 Discuss any adjustment to assay data.
Location	of	 Accuracy and quality of surveys used to locate drill		Soil sampling was located by hand held
data points		holes (collar and down-hole surveys), trenches,		GPS using GDA94 Z51 as datum.
		mine workings and other locations used in Mineral
		Resource estimation.
		 Specification of the grid system used.
		 Quality and adequacy of topographic control.
Data		 Data spacing for reporting of Exploration Results.
spacing and distribution		 Whether the data spacing and distribution is sufficient to establish the degree of geological and grade continuity appropriate for the Mineral		Not applicable as no drilling completed.
		Resource and Ore Reserve estimation procedure(s)
		and classifications applied.
		 Whether sample compositing has been applied.
Orientation		 Whether the orientation of sampling achieves		Soil sampling was completed on an
of data relation	in to	unbiased sampling of possible structures and the extent to which this is known, considering the		unbiased 400m by 400m staggered pattern grid.
geological		deposit type.	.
structure		 If the relationship between the drilling orientation
		and the orientation of key mineralised structures is
		considered to have introduced a sampling bias, this
		should be assessed and reported if material.
Sample		 The measures taken to ensure sample security.		Directly sent to Lab in appropriate tied
security				polywoven and calico bags
Audits	or	 The results of any audits or reviews of sampling		Planned infill soil sampling to further
reviews		techniques and data.		verify current sampling

Section 2 Reporting of Exploration Results

==> picture [83 x 72] intentionally omitted <==

Criteria			JORC Code explanation	JORC Code explanation	Commentary	Commentary
Mineral				Type, reference name/number, location and		The project comprises of a single
tenement and land tenure				ownership including agreements or material issues with third parties such as joint ventures,		granted exploration licence – E45/2032.
status				partnerships, overriding royalties, native title interests, historical sites, wilderness or national		The licence is currently owned by Maverick Exploration Pty Ltd. Rumble
				park and environmental settings.		Resources has an earn in JV
				The security of the tenure held at the time of		agreement
				reporting along with any known impediments to obtaining a licence to operate in the area.		The licence is granted, in a state of good standing and has no known
						impediments to operate in the area.
Exploration				Acknowledgment and appraisal of exploration by		Exploration solely completed by
done by		other		other parties.		Rumble Resources
parties
Geology				Deposit type, geological setting and style of		Target is Zn, Pb, Cu and precious
				mineralisation.		metals. Deposit type is conceptual.
						Porphyry related (including VHMS)
						polymetallic deposit type
Drill		hole		A summary of all information material to the		No drilling reported
Information				understanding of the exploration results including
				a tabulation of the following information for all
				Material drill holes:
				o easting and northing of the drill hole collar
				o elevation or RL (Reduced Level – elevation
				above sea level in metres) of the drill hole
				collar
				o dip and azimuth of the hole
				o down hole length and interception depth
				o hole length.
				If the exclusion of this information is justified on
				the basis that the information is not Material and
				this exclusion does not detract from the
				understanding of the report, the Competent
				Person should clearly explain why this is the case.
Data				In reporting Exploration Results, weighting		No drilling completed
aggregation				averaging techniques, maximum and/or minimum
methods				grade truncations (e.g. cutting of high grades) and
				cut-off grades are usually Material and should be
				stated.
				Where aggregate intercepts incorporate short
				lengths of high grade results and longer lengths of
				low grade results, the procedure used for such
				aggregation should be stated and some typical
				examples of such aggregations should be shown
				in detail.
				The assumptions used for any reporting of metal
				equivalent values should be clearly stated.
Relationship				These relationships are particularly important in		Not applicable – no drilling completed
between				the reporting of Exploration Results.
mineralisation				If the geometry of the mineralisation with respect
widths		and		to the drill hole angle is known, its nature should
intercept				be reported.
lengths				If it is not known and only the down hole lengths
				are reported, there should be a clear statement to
				this effect(e.g. ‘down hole length, true width not

Criteria	JORC Code explanation	Commentary
	known’).
Diagrams	 Appropriate maps and sections (with scales) and		Images 1 to 4 are Zn, Pb, Cu and Au
	tabulations of intercepts should be included for any significant discovery being reported These		contouring plans of the entire area of E45/2032.
	should include, but not be limited to a plan view of drill hole collar locations and appropriate sectional		Images 5 & 6 represent late and early time conductors as defined by using
	views.		Maxwell software. The underlying
			geology is based on GSWA mapping.
			Image 7 highlights the tenements that
			Rumble is earning an interest via a JV
			and also EL applications that Rumble
			hold 100% interest.
Balanced	 Where comprehensive reporting of all Exploration		The contouring on images 1 to 4 are
reporting	Results is not practicable, representative reporting of both low and high grades and/or widths should be practiced to avoid misleading reporting of		based on thresholds derived from “natural breaks” and 98thpercentile (The range may vary).
	Exploration Results.		Although percentiles were not used, the 98thpercentile for the 1229 sample
			dataset are:
			Zn - >221 ppm
			Pb - >199 ppm
			Cu - >133 ppm
			Au - >4 ppb
Other	 Other exploration data, if meaningful and material,		The VTEM survey preliminary data
substantive exploration data	should be reported including (but not limited to): geological observations; geophysical survey results; geochemical survey results; bulk samples – size and method of treatment; metallurgical test		flown by Geotech on 400m line spacing was processed using Maxwell software to present all earl and late time conductors.
	results; bulk density, groundwater, geotechnical
	and rock characteristics; potential deleterious or
	contaminating substances.
Further work	 The nature and scale of planned further work (e.g.		Infill soil geochemistry (200m by 200m
	tests for lateral extensions or depth extensions or large-scale step-out drilling).  Diagrams clearly highlighting the areas of possible		pattern will infill on areas of anomalism defined by the current 400m by 400m regional survey.
	extensions, including the main geological
	interpretations and future drilling areas, provided
	this information is not commercially sensitive.