RUMBLE RESOURCES LIMITED — Capital/Financing Update 2019

Nov 25, 2019

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26[th] November 2019

Munarra Gully Project Update Major Structure hosting Cu-Au-Co Mineralisation Identified

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

Munarra North Cu-Au Prospect (newly identified)

Review of historic exploration on recently acquired exploration licence applications (RTR 100%) has highlighted the potential for a large copper bearing mafic hosted intrusive complex at the Munarra North Prospect.

• Significant copper mineralisation is associated with a large mafic intrusion under shallow cover at Munarra North.

• Copper with gold and silver defined over a strike of 1.2km and is completely open along strike and down dip

• Historic reconnaissance drilling has indicated copper anomalism occurs over a strike of 6km and is completely open

• The copper bearing mafic intrusion is 150m in width

• The style of mineralisation is considered similar to White Rose which is constrained to a strike length of 350m, however at Munarra North the large scale tonnage potential for multiple deposits is compelling with over 6km’s of strike and completely open

• Important: Historic exploration focused on gold exploration and limited partial copper assaying was 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

Rumble Resources Ltd

Suite 9, 36 Ord 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 Managing Director

Mr Brett Keillor Technical Director

Mr Matthew Banks Non-executive Director

Mr Michael Smith Non-executive Director

Mr Steven Wood Company Secretary

• 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

Mr Mark Carder Exploration Manager

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 Gully

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

• Munarra North - Air core drilling within granted tenure 700m south of the newly identified Munarra North Cu – Au Prospect will test continuity of strike of mineralisation - commencing early December 2019

• Munarra North – Petrophysics on historic core to ascertain geophysical properties and appropriate geophysical method to aid in drill hole targets – Planned for February 2020

• Munarra North – Upon grant - RC drilling at Munarra North to confirm copper mineralisation – Planned for February 2020

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Rumble Resources Ltd (ASX: RTR) (“Rumble” or “the Company”) is pleased to announce that a desktop study of the recently acquired exploration licence applications (ELA51/1919 and ELA51/1927) has highlighted the Munarra North Cu–Au prospect as potentially a significantly larger extension of the highly prospective White Rose Cu – Au magmatic differentiated mafic sill hosted sill complex. The study has aided in understanding the association of copper, gold and cobalt mineralisation with the regional structure (some 34km of strike within the project area) that transect the Munarra Gully Project. The Munarra Gully Project is located some 50km NNE of the town of Cue within the Murchison Goldfields of Western Australia.

Rumble’s Technical Director, Mr Brett Keillor, said: “Historic exploration at Munarra North has shown previous explorers were focused on orogenic shear hosted gold mineralisation (later overprint) which is now interpreted to be spatially associated with a large copper bearing intrusion. The limited assaying of the intrusion has shown very wide widths of copper (disseminated and stringer) with silver mineralisation which has the same characteristics as the White Rose Prospect which lies some 8km further south on the same major structure. Whilst White Rose is strongly mineralised, it is likely a faulted portion of a much larger system that hosts the potentially very large Munarra North Prospect. Although only limited historic copper assaying has been completed in the primary zone, Munarra North may represent both a large oxide (depth of weathering to 90m) and primary copper system which is essentially completely open. Of note, no multi-element assaying has been completed apart from partial Cu and Ag (minor Zn) at Munarra North. Exploration by Rumble has shown the White Rose and Co Prospects have elevated Pt, Pd, Mo and Co. Also of interest is the presence of anomalous Re (Rhenium – very select assaying completed). “

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Image 1 – Munarra Gully Project – Location of Prospect over Regional Magnetics

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Munarra Gully Project Overview and New Regional Interpretation

Copper, Gold and cobalt mineralisation is closely related to a regional structure (shear zone) that strikes over 34 km within the Munarra Gully Project (see image 1). Three significant prospects within the Munarra Gully Prospect are associated with the structure in Munarra North, White Rose and Co Prospects.

Newly acquired exploration licence applications (ELA51/1919 and ELA51/1927) cover the interpreted position of the structure. North of the Munarra North Prospect, the structure strikes north underneath Lake Annean and the Hope River drainage. Historic wide spaced drilling indicates the depth of lake cover is up to 100m, however, the depth of cover north of North Munarra is up to 40m.

Munarra North Prospect – Newly Identified (image 2 & 3)

Two recently acquired exploration licence applications (ELA51/1919 and ELA51/1927 – 100% RTR) cover the northern extension of the highly prospective regional structure (shear zone). The structure has a mineralised strike of 34km within the project area. A detailed desk top study of historic exploration has highlighted an extensive zone of gold mineralisation with copper that is completely open (along strike and at depth) and is under 5 to 40m of cover.

Previous explorers focused on the shear hosted gold mineralisation with limited Cu and Ag assaying completed. Historic drilling defined a zone of gold mineralisation over a strike of 2km (using 0.5 g/t Au basement contour) with significant gold intersections including:

• 51m @ 0.8 g/t Au from 35m (MHC015): Includes 12m @ 1.7 g/t Au from 57m

• 45m @ 0.89 g/t Au from 65m (MHC083)

• 14m @ 2.36 g/t Au from 57m (MHC021)

• 30m @ 0.89 g/t Au from 90m to EOH (MHC027)

• 81m @ 0.32 g/t Au from 35m (MHC036)

• 69m @ 0.24 g/t Au from 35m to EOH (MHC026)

All intercepts use 0.1 g/t Au lower cut-off to define mineralisation/alteration haloes

Five historic diamond drill holes were completed over a strike of 1.2 km. All holes were partially assayed for Au, Cu and Ag. Wide zones of strong copper anomalism with gold and silver were reported. Multiple copper intersections were reported from some holes (MHD045). The pre-collars were not assayed for copper (and in some cases gold). Mineralisation included disseminated and stringer chalcopyrite with pyrite. The host is a mafic intrusive (dolerite sill). The sill is on average 150m in width and occurs over a strike of at least 6km based on historic drilling.

Significant historic intersections from the diamond core drilling include:

• MHD046 - 8m @ 0.52% Cu, 4.24 g/t Au, 11.75 g/t Ag from 161m

• MHD045 - 5m @ 1.7% Cu, 0.82 g/t Au, 21.2 g/t Ag from 139m 2.5m @ 0.92% Cu, 0.71 g/t Au, 12.7 g/t Ag from 164m 3m @ 0.87% Cu, 0.35 g/t Au, 14.7 g/t Ag from 192m 3m @ 0.96% Cu, 0.67 g/t Au, 14.7 g/t Ag from 203m

• MHD049 – 4m @ 0.95% Cu, 1.27 g/t Au, 17.5 g/t Ag from 142m 5m @ 0.67% Cu, 0.26 g/t Au, 15.6 g/t Ag from 154m

Select RC drill holes were assayed (visible chalcopyrite) with results including:

• 8m @ 1.31% Cu, 0.83 g/t Au from 104m (ARCC319)

Intercepts based on lower cut-off of 0.5 % Cu.

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Image 2 – Munarra North Prospect – Drill Hole Location Plan with Significant Results

Regional air core drilling (historic) north of the Munarra North Prospect (Image 3) tested for continuity of mineralisation under partial lake cover. Four drill hole traverses (reconnaissance) were assayed for Au and Cu and highlighted the continuity of the mineralised structure with anomalous gold and copper. The northernmost line (image 3) was not assayed for copper, however, it was anomalous in gold. The historic drilling has outlined a north trending zone of copper-gold anomalism over a strike of 6km (including the Munarra North Prospect)

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Image 3 – Munarra North – Area Prospectivity Plan

White Rose Prospect

Recent drilling by Rumble has defined copper – gold mineralisation associated with the basal zone of a differentiated mafic sill. Approximately 350m of strike of the prospective sill has been preserved at White Rose (sill subjected to faulting and regional shearing). Mineralisation is considered to be magmatic and has developed as disseminated sulphide (bornite, chalcopyrite and pyrite) at the base of the sill. RC drilling by Rumble has returned significant copper gold intercepts including:

o 22m @ 1.00% Cu from 29m coincident with 19m @ 2.19 g/t Au from 33m (WRRC001)

• within 52m @ 0.54% Cu from surface

• o 15m @ 0.88% Cu, 0.77 g/t Au from surface (WRRC019).

• including 8m @ 1.1% Cu, 0.96 g/t Au from 4m. o 21m @ 0.75% Cu, 0.53 g/t Au from 24m (WRRC020)

• Entire hole is mineralised – 78m @ 0.34% Cu, 0.23 g/t Au.

In addition to Cu and Au, other element associations include Re, Mo and Ag.

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Rumble conducted a downhole TEM (transient electromagnetic) survey beneath the eastern margin of the differentiated sill aimed at delineating conductors (drill targets) which may represent higher grade copper gold mineralisation. Drill hole WRRC026 (downhole TEM completed) was drilled to a depth of 450m. The hole did not intercept any significant mineralisation (footwall fault – off mineralised zone) and did not discern any conductors. Surface loop ground TEM conducted by Rumble in 2018 over the White Rose Prospect also did not discern any conductors. The White Rose differentiated mafic sill is not conductive and does not have a magnetic response and as a result Rumble is considering a potential IP Survey.

Co Prospect (image 4)

At the Co Prospect , cobalt with elevated platinum is associated with a deeply weathered and lateritised ultramafic intrusive (medium grain pyroxenite).

Recent reconnaissance air core drilling by Rumble (March 2019) has highlighted significant shallow lateral cobalt mineralisation Co-Pt mineralisation is associated with a strongly lateritised pyroxenite intrusive under 5m of cover – indicating high potential for high-grade laterite cobalt deposits under shallow cover. Intercepts included:

• ➢ LBAC275 – 3m @ 0.37% Co, 75 ppb Pt from 14m ➢ LBAC185 – 2m @ 0.48% Co, 220 ppb Pt from 18m ➢ LBAC172 – 2m @ 0.20% Co, 203 ppb Pt from 11m ➢ LBAC261 – 1m @ 0.55% Co, 382 ppb Pt from 13m

Airborne magnetics and surface geochemistry completed by Rumble has outlined up to 10km strike of prospective ultramafic rocks that may host further cobalt mineralisation.

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Image 4 – Co Prospect – Location of Planned Drilling (Dec 2019) over Magnetics

Air core drilling is planned for Dec 2019 with the aim to test continuity of cobalt mineralisation over approximately 4km. The drilling will extend out from the known laterite cobalt mineralisation (Co Prospect).

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Potential for Multiple Magmatic Cu-Au Deposits Hosted in Mafic Intrusions

Previous explorers focused on shear hosted gold at Munarra North rather than the extensive copper mineralisation occurring over a strike of 6km which is completely open (along strike and down dip). Rumble has recognised magmatic Cu-Au mineralisation hosted in a differentiated mafic sill at the White Rose Prospect whereby significant Cu – Au mineralisation (22m @ 1.00% Cu from 29m coincident with 19m @ 2.19 g/t Au) was delineated.

The similarities between the Munarra North and White Rose mineralisation are very significant and Rumble considers the Munarra North area as having potential for multiple economic deposits.

Similarities between Munarra North and White Rose include:

• Mineralisation is non-magnetic and non-conductive.

• Mineralisation is disseminated within mafic intrusive (dolerite).

• Although limited multi-element geochemistry at Munarra North, elemental associations are gold, copper and silver.

• The White Rose differentiated sill is approximately 150m wide. The mafic intrusion at Munarra North is 150m wide.

• Munarra North is a very large system (large scale tonnage potential) with a strike length of at least 6km (completely open). White Rose a fault constrained system with a strike of 350m.

Next Steps

• Air core drilling to scope shallow cobalt mineralisation at the Co Prospect. Approximately 4km of strike will be tested – commencing early December 2019.

• Air core drilling within granted tenure 700m south of the newly identified Munarra North Cu – Au Prospect will test continuity of strike of mineralisation – commencing early December 2019.

• Granting of exploration licences (Munarra North) – Expected early 2020.

• Detailed XRF analysis of cuttings and diamond core to ascertain copper anomalism – Planned February 2020

• Subject to grant, a proposed geophysical survey based on outcome of petrophysics with follow up RC drilling at Munarra North to confirm targets and copper mineralisation – Planned February 2020

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 mineral exploration 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 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.

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Table 1 Location of Reported RC and DD Drill Holes – Munarra North Prospect

Type	Hole ID	E(GDA94Z50)	N(GDA94Z50)	Depth	Azi	Dip
RC	ARCC319	616536	7023957	120	0	-90
RC	MHC015	616370	7024120	104	90	-60
RC	MHC026	616390	7024040	104	90	-60
RC	MHC027	616369	7024040	120	90	-60
RC	MHC034	616310	7022840	74	90	-60
RC	MHC035	616280	7022840	98	90	-60
RC	MHC036	616260	7022841	116	90	-60
DD	MHD044	616330	7024040	186.3	90	-60
DD	MHD045	616310	7024123	213.2	90	-60
DD	MHD046	616300	7023800	219.2	90	-60
DD	MHD049	616436	7024436	249.4	90	-60
RC	MHC083	616486	7024436	115	90	-60
RC	MHC021	616466	7023236	110	90	-60
RC	MHC033	616446	7023396	98	90	-60
RC	MHC032	616466	7023396	92	90	-60

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Table 2 Assays (Au, Cu, Ag) for Reported RC and DD Drill Holes – Munarra North Prospect

Hole ID	From	To	Auppm	Cuppm	Ag ppm	Hole ID	From	To	Auppm	Cuppm	Ag ppm
ARCC319	104.00	106.00	0.95	30500		MHC026	40.00	45.00	0.22
ARCC319	106.00	108.00	0.07	949		MHC026	45.00	50.00	0.80
ARCC319	108.00	110.00	0.16	4850		MHC026	50.00	55.00	0.18
ARCC319	110.00	112.00	2.10	16000		MHC026	55.00	60.00	0.42
ARCC319	112.00	114.00	0.19	1340		MHC026	60.00	65.00	0.06
ARCC319	114.00	116.00	0.18	760		MHC026	65.00	70.00	0.10
ARCC319	116.00	118.00	0.18	1100		MHC026	70.00	75.00	0.46
ARCC319	118.00	120 EOH	0.24	1280		MHC026	75.00	80.00	0.18
MHC015	35.00	36.00	1.02			MHC026	80.00	85.00	0.20
MHC015	36.00	37.00	0.18			MHC026	85.00	90.00	0.04
MHC015	37.00	38.00	0.04			MHC026	90.00	95.00	0.06
MHC015	38.00	39.00	0.40			MHC026	95.00	100.00	0.48
MHC015	39.00	40.00	0.80			MHC026	100.00	104 EOH	0.10
MHC015	40.00	41.00	3.98			MHC027	45.00	50.00	0.10
MHC015	41.00	42.00	0.10			MHC027	50.00	55.00	0.14
MHC015	42.00	43.00	0.14			MHC027	55.00	60.00	0.02
MHC015	43.00	44.00	0.10			MHC027	60.00	65.00	0.58
MHC015	44.00	45.00	0.04			MHC027	65.00	70.00	1.10
MHC015	45.00	46.00	0.04			MHC027	70.00	75.00	0.56
MHC015	46.00	47.00	0.44			MHC027	75.00	80.00	0.10
MHC015	47.00	48.00	0.32			MHC027	80.00	85.00	0.06
MHC015	48.00	49.00	0.20			MHC027	85.00	90.00	0.02
MHC015	49.00	50.00	0.48			MHC027	90.00	95.00	0.78
MHC015	50.00	51.00	0.14			MHC027	95.00	100.00	2.80
MHC015	51.00	52.00	0.06			MHC027	100.00	105.00	0.46
MHC015	52.00	53.00	0.28			MHC027	105.00	110.00	0.70
MHC015	53.00	54.00	0.55			MHC027	110.00	115.00	0.43
MHC015	54.00	55.00	0.04			MHC027	115.00	120 EOH	0.20
MHC015	55.00	56.00	0.12			MHC021	57.00	58.00	1.02
MHC015	56.00	57.00	0.28			MHC021	58.00	59.00	0.04
MHC015	57.00	58.00	3.00			MHC021	59.00	60.00	0.30
MHC015	58.00	59.00	4.60			MHC021	60.00	61.00	2.64
MHC015	59.00	60.00	3.40			MHC021	61.00	62.00	0.24
MHC015	60.00	61.00	0.33			MHC021	62.00	63.00	0.10
MHC015	61.00	62.00	1.00			MHC021	63.00	64.00	24.30
MHC015	62.00	63.00	2.16			MHC021	64.00	65.00	2.40
MHC015	63.00	64.00	0.24			MHC021	65.00	66.00	0.52
MHC015	64.00	65.00	2.02			MHC021	66.00	67.00	0.44
MHC015	65.00	66.00	0.86			MHC021	67.00	68.00	0.32
MHC015	66.00	67.00	0.80			MHC021	68.00	69.00	0.18
MHC015	67.00	68.00	1.00			MHC021	69.00	70.00	0.10
MHC015	68.00	69.00	1.08			MHC021	70.00	71.00	0.42
MHC015	69.00	70.00	0.24			MHC032	25.00	30.00	0.31
MHC015	70.00	71.00	0.10			MHC032	30.00	35.00	0.46
MHC015	71.00	72.00	0.04			MHC032	35.00	40.00	0.04
MHC015	72.00	73.00	0.14			MHC032	40.00	45.00	0.36
MHC015	73.00	74.00	0.22			MHC032	45.00	50.00	0.92
MHC015	74.00	75.00	2.74			MHC032	50.00	55.00	0.60
MHC015	75.00	76.00	0.72			MHC032	55.00	60.00	0.14
MHC015	76.00	77.00	0.62			MHC032	60.00	65.00	0.15
MHC015	77.00	78.00	0.18			MHC032	65.00	70.00	0.44
MHC015	78.00	79.00	0.14			MHC033	65.00	70.00	2.56
MHC015	79.00	80.00	0.34			MHC033	70.00	75.00	2.66
MHC015	80.00	81.00	0.02			MHC034	45.00	50.00	0.22
MHC015	81.00	82.00	0.14			MHC034	50.00	55.00	0.36
MHC015	82.00	83.00	4.12			MHC034	55.00	60.00	0.48
MHC015	83.00	84.00	0.54			MHC034	60.00	65.00	0.2
MHC015	84.00	85.00	0.26			MHC035	45.00	50.00	0.29
MHC015	85.00	86.00	0.14			MHC035	50.00	55.00	0.22
MHC015	86.00	87.00	0.14			MHC035	55.00	60.00	0.18
MHC015	87.00	88.00	0.04			MHC035	60.00	65.00	0.22
MHC015	88.00	89.00	0.06			MHC035	65.00	70.00	0.18
MHC015	89.00	90.00	0.04			MHC035	70.00	75.00	0.06
MHC015	90.00	91.00	0.02			MHC035	75.00	80.00	0.16
MHC015	91.00	92.00	0.06			MHC035	80.00	85.00	0.32
MHC015	92.00	93.00	0.04			MHC035	85.00	90.00	0.50
MHC015	93.00	94.00	0.10			MHC035	90.00	95.00	0.22
MHC015	94.00	95.00	1.00			MHC035	95.00	98 EOH	0.24
MHC015	95.00	96.00	0.28			MHC036	35.00	40.00	0.44
MHC015	96.00	97.00	1.24			MHC036	40.00	45.00	0.10
MHC015	97.00	98.00	0.14			MHC036	45.00	50.00	0.18
MHC015	98.00	99.00	0.12			MHC036	50.00	55.00	0.10
MHC015	99.00	100.00	0.04			MHC036	55.00	60.00	1.60
MHC015	100.00	101.00	0.20			MHC036	60.00	65.00	0.34
MHC015	101.00	102.00	0.16			MHC036	65.00	70.00	0.22
MHC015	102.00	103.00	0.12			MHC036	70.00	75.00	0.10
MHC015	103.00	104.00	0.18			MHC036	75.00	80.00	0.08
MHC026	35.00	40.00	0.12			MHC036	80.00	85.00	0.20

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Table 2 Continued

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Hole ID	From	To	Auppm	Cuppm	Ag ppm	Hole ID	From	To	Auppm	Cuppm	Ag ppm
MHC036	85.00	90.00	0.34			MHD045	173.00	174.00	0.28	1080.00	2.00
MHC036	90.00	95.00	0.28			MHD045	174.00	175.00	0.06	1320.00	4.00
MHC036	95.00	100.00	0.24			MHD045	175.00	176.00	0.12	3900.00	8.00
MHC036	100.00	105.00	0.26			MHD045	176.00	177.00	0.02	860.00	2.00
MHC036	105.00	110.00	0.28			MHD045	177.00	178.00	0.04	800.00	2.00
MHC036	110.00	113.00	0.30			MHD045	178.00	179.00	0.18	4520.00	8.00
MHC036	113.00	116 EOH	0.40			MHD045	179.00	180.00	0.46	3680.00	6.00
MHC083	65.00	70.00	0.30			MHD045	180.00	181.00	0.04	820.00	2.00
MHC083	70.00	75.00	0.10			MHD045	181.00	182.00	0.32	4080.00	6.00
MHC083	75.00	80.00	3.82			MHD045	182.00	183.00	0.12	720.00	2.00
MHC083	80.00	85.00	2.37			MHD045	183.00	184.00	0.14	1240.00	2.00
MHC083	85.00	90.00	0.29			MHD045	184.00	185.00	0.06	740.00	2.00
MHC083	90.00	95.00	0.49			MHD045	185.00	186.00	0.28	1240.00	2.00
MHC083	95.00	100.00	0.18			MHD045	186.00	187.00	0.06	300.00	2.00
MHC083	100.00	105.00	0.11			MHD045	187.00	188.00	0.02	60.00
MHC083	105.00	110.00	0.38			MHD045	188.00	189.00	0.3	60.00
MHD044	123.30	124.00	0.10	7580.00	12.00	MHD045	189.00	190.00	0.08	690.00	2.00
MHD044	124.00	125.00	0.24	11600.00	14.40	MHD045	190.00	191.00	0.28	3500.00	6.00
MHD044	125.00	126.00	0.12	1790.00	3.80	MHD045	191.00	192.00	0.16	2680.00	4.00
MHD044	126.00	127.00	0.10	1420.00	2.80	MHD045	192.00	193.00	0.36	5660.00	10.00
MHD044	127.00	128.00	0.02	902.00	1.80	MHD045	193.00	194.00	0.36	15700.00	26.00
MHD044	128.00	129.00	0.10	5450.00	8.60	MHD045	194.00	195.00	0.34	4680.00	8.00
MHD044	129.00	130.00	0.10	1770.00	3.20	MHD045	195.00	196.00	0.08	920.00	2.00
MHD044	130.00	131.00	0.10	1510.00	3.20	MHD045	196.00	197.00	0.26	5080.00	8.00
MHD044	131.00	132.00	2.32	6590.00	11.40	MHD045	197.00	198.00	0.74	4260.00	10.00
MHD044	132.00	133.00	0.58	1880.00	3.80	MHD045	198.00	199.00	0.42	3100.00	6.00
MHD044	133.00	134.00	0.30	2170.00	6.00	MHD045	199.00	200.00	1.46	9020.00	12.00
MHD044	134.00	135.00	0.50	2270.00	5.00	MHD045	200.00	201.00	0.1	1300.00	4.00
MHD044	135.00	136.00	0.34	1930.00	3.60	MHD045	201.00	202.00	0.1	1000.00	4.00
MHD044	136.00	137.00	0.18	1220.00	2.40	MHD045	202.00	203.00	0.06	1140.00	2.00
MHD044	137.00	138.00	0.10	1570.00	3.00	MHD045	203.00	204.00	1.32	11700.00	30.00
MHD044	138.00	139.00	0.34	2430.00	4.40	MHD045	204.00	205.00	0.34	5240.00	10.00
MHD044	139.00	140.00	0.14	2270.00	4.40	MHD045	205.00	206.00	0.36	11800.00	20.00
MHD044	140.00	141.00	0.50	9770.00	15.00	MHD045	206.00	207.00	0.14	2240.00	4.00
MHD044	141.00	142.00	0.32	4530.00	6.20	MHD045	207.00	208.00	0.14	3100.00	6.00
MHD044	142.00	143.00	0.08	994.00	2.00	MHD045	208.00	209.00	0.16	3360.00	6.00
MHD044	143.00	144.00	0.06	892.00	1.80	MHD045	209.00	210.00	0.02	320.00	6.00
MHD044	144.00	145.00	0.38	1900.00	4.20	MHD045	210.00	211.00	0.04	1380.00	2.00
MHD044	145.00	146.00	0.16	1200.00	6.80	MHD045	211.00	212.00	0.12	2180.00	4.00
MHD045	139.00	140.00	0.48	8640.00	12.60	MHD045	212.00	213.00	0.1	920.00	2.00
MHD045	140.00	141.00	1.16	11700.00	18.80	MHD046	161.00	162.00	22.6	4880.00	28.00
MHD045	141.00	142.00	1.34	29600.00	24.40	MHD046	162.00	163.00	0.98	680.00	2.00
MHD045	142.00	143.00	0.66	17700.00	24.00	MHD046	163.00	164.00	0.16	4900.00	8.00
MHD045	143.00	143.90	0.48	17700.00	16.40	MHD046	164.00	165.00	1.04	19000.00	34.00
MHD045	143.90	145.00	0.02	584.00	1.40	MHD046	165.00	166.00	0.06	320.00
MHD045	145.00	146.00	0.08	1530.00	3.00	MHD046	166.00	167.00	0.04	3740.00	6.00
MHD045	146.00	147.00	0.06	1130.00	1.80	MHD046	167.00	168.00	0.58	5460.00	10.00
MHD045	147.00	148.00	0.34	2260.00	5.60	MHD046	168.00	169.00	7.96	1820.00	4.00
MHD045	148.00	149.00	0.1	1190.00	3.00	MHD049	122.00	123.00	0.66	8360.00	12.00
MHD045	149.00	150.00	0.08	1240.00	2.40	MHD049	123.00	124.00	0.76	10400.00	18.00
MHD045	150.00	151.00	0.22	2830.00	5.40	MHD049	124.00	125.00	0.22	7580.00	16.00
MHD045	151.00	152.00	0.24	614.00	0.80	MHD049	125.00	126.00	3.46	11600.00	24.00
MHD045	152.00	153.00	0.14	1450.00	1.80	MHD049	126.00	127.00	0.2	2880.00	8.00
MHD045	153.00	153.50	0			MHD049	127.00	128.00	0.38	4320.00	8.00
MHD045	153.50	154.50	0.1	1940.00	3.80	MHD049	128.00	129.00	0.06	2480.00	6.00
MHD045	154.50	155.50	-0.02	616.00	1.20	MHD049	129.00	130.00	0.18	240.00	2.00
MHD045	155.50	156.10	0.32	1050.00	1.80	MHD049	130.00	131.00	0.08	2480.00	4.00
MHD045	156.10	157.00	0.18	2090.00	4.20	MHD049	131.00	132.00	0.9	6400.00	14.00
MHD045	157.00	158.00	0.02	1200.00	2.00	MHD049	132.00	133.00	0.02	280.00
MHD045	158.00	159.00	0.1	346.00	0.80	MHD049	133.00	134.00	0.02	140.00
MHD045	159.00	160.00	0.06	1160.00	1.80	MHD049	134.00	135.00	0.16	3780.00	10.00
MHD045	160.00	161.00	0.1	1620.00	3.20	MHD049	135.00	136.00	0.3	12300.00	28.00
MHD045	161.00	162.00	0.16	2470.00	4.80	MHD049	136.00	137.00	0.32	5560.00	14.00
MHD045	162.00	163.00	0.1	2170.00	4.40	MHD049	137.00	138.00	0.14	4260.00	10.00
MHD045	163.00	164.00	0.02	1430.00	3.00	MHD049	138.00	139.00	0.16	8360.00	16.00
MHD045	164.00	165.00	0.46	9530.00	12.60	MHD049	139.00	140.00	0.38	5360.00	10.00
MHD045	165.00	166.00	1.38	7380.00	8.20	MHD049	140.00	141.00	0.10	1220.00	4.00
MHD045	166.00	166.50	0.3	10600.00	17.40	MHD049	141.00	142.00	0.12	4640.00	10.00
MHD045	170.60	171.00	0.2	1960.00	6.00	MHD049	142.00	143.00	0.28	3940.00	8.00
MHD045	171.00	172.00	0.22	7380.00	14.00	MHD049	143.00	144.00	0.64	1020.00	2.00
MHD045	172.00	173.00	0.08	2080.00	4.00	MHD049	144.00	145.00	0.84	4220.00	6.00
						MHD049	145.00	146.00	2.94	12400.00	18.00

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Section 1 Sampling Techniques and Data

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Criteria	JORC Code explanation		Commentary
Sampling	• Nature and quality of sampling (e.g. cut channels,	•	Data presented is historic and
techniques	random chips, or specific specialised industry		drilling information has been
	standard measurement tools appropriate to the		compiled from annual reports.
	minerals under investigation, such as down hole
	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.
	• 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.)	•	Historic drilling includes air core, RC
	and details (e.g. core diameter, triple or standard		and diamond drilling.
	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	•	Historic drilling and associated
recovery	sample recoveries and results assessed.		methodologies including recoveries
	• Measures taken to maximise sample recovery and		were not reported for RC and.
	ensure representative nature of the samples.		diamond drilling (5 diamond drill
	• Whether a relationship exists between sample		holes).
	recovery and grade and whether sample bias may	•	Partial sections of diamond core
	have occurred due to preferential loss/gain of		were cut and assayed for Au, Cu
	fine/coarse material.		and Ag.
Logging	• Whether core and chip samples have been	•	Historic - Approximately 20% of the
	geologically and geotechnically logged to a level of		drilling was adequately geologically
	detail to support appropriate Mineral Resource		logged. For diamond drilling, the
	estimation, mining studies and metallurgical studies.		pre-collar was mud drilling and not
	• Whether logging is qualitative or quantitative in		logged or assayed. Geological
	nature. Core (or costean, channel, etc.) photography.		logging was completed on sections
	• The total length and percentage of the relevant		assayed.
	intersections logged.	•	No photography has been reported.
Sub-	• If core, whether cut or sawn and whether quarter, half	•	Historic - Sampling techniques of
sampling	or all core taken.		both air core and RC drilling
techniques	• If non-core, whether riffled, tube sampled, rotary split,		involved composites to 5m. Air core
and sample	etc. and whether sampled wet or dry.		was speared and RC sampling went
preparation	• For all sample types, the nature, quality and		through a riffle splitter.
	appropriateness of the sample preparation technique.	•	Diamond drilling core was generally
	• Quality control procedures adopted for all sub-		cut to 1m intervals. It is not known if
	sampling stages to maximise representivity of		half or quarter core was submitted.
	samples.	•	Weight of air core and RC samples
	• Measures taken to ensure that the sampling is		not known.
	representative of the in situ material collected,
	including for instance results for field

11

Criteria		JORC Code explanation		Commentary
		duplicate/second-half sampling.
		• Whether sample sizes are appropriate to the grain
		• _size of the material being sampled. _
Quality	of	• The nature, quality and appropriateness of the	•	Historic - RC and diamond core
assay data		assaying and laboratory procedures used and		samples assayed involved 50g FA
and		whether the technique is considered partial or total.		for Au.and AR acid digest for Cu and
laboratory		• For geophysical tools, spectrometers, handheld XRF		Ag (a small number of Zn samples
tests		instruments, etc., the parameters used in determining		were also completed).
		the analysis including instrument make and model,	•	Historic - Air core sample assays
		reading times, calibrations factors applied and their		involved an AR digest. Charge not
		derivation, etc.		known.
		• Nature of quality control procedures adopted (e.g.	•	QAQC procedures are not known.
		standards, blanks, duplicates, external laboratory
		checks) and whether acceptable levels of accuracy
		(i.e. lack of bias) and precision have been
		_established. _
Verification		• The verification of significant intersections by either	•	Not known for original exploration.
of sampling		independent or alternative company personnel.		All review work completed by
and		• The use of twinned holes.		Rumble
assaying		• Documentation of primary data, data entry	•	Review of data indicated no twins
		procedures, data verification, data storage (physical	•	All logging was hard copy.
		and electronic) protocols.
		• _Discuss any adjustment to assay data. _
Location	of	• Accuracy and quality of surveys used to locate drill	•	Both RC, diamond and air core
data points		holes (collar and down-hole surveys), trenches, mine		collars picked up by hand held GPS
		workings and other locations used in Mineral		and controlled grid. Data presented
		Resource estimation.		in AMG 84 datum.
		• Specification of the grid system used.	•	No down-hole surveys
		• Quality and adequacy of topographic control.
Data		• Data spacing for reporting of Exploration Results.	•	Historic drilling is considered
spacing and		• Whether the data spacing and distribution is sufficient		exploration and confirmation of
distribution		to establish the degree of geological and grade		mineralisation continuity. No historic
		continuity appropriate for the Mineral Resource and		resources have been completed.
		Ore Reserve estimation procedure(s) and
		classifications applied.
		• _Whether sample compositing has been applied. _
Orientation		• Whether the orientation of sampling achieves	•	Based on logging and known
of data	in	unbiased sampling of possible structures and the		geological trends (historic surface
relation	to	extent to which this is known, considering the deposit		mapping – GSWA), the historic
geological		type.		drilling is normal to the mineralized
structure		• If the relationship between the drilling orientation and		trend. The dip of the mineralisation
		the orientation of key mineralised structures is		is approximately 75° to the west.
		considered to have introduced a sampling bias, this		Drilling was 60° to the east.
		should be assessed and reported if material.
Sample		• The measures taken to ensure sample security.	•	Not known
security
Audits	or	• The results of any audits or reviews of sampling	•	Not known
reviews		techniques and data.

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Section 2 Reporting of Exploration Results

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Criteria		JORC Code explanation	JORC Code explanation	Commentary	Commentary
Mineral		•	Type, reference name/number, location and	•	ELA51/1919 – 100% RTR –
tenement and			ownership including agreements or material issues		recently applied for.
land status	tenure		with third parties such as joint ventures, partnerships, overriding royalties, native title interests, historical sites, wilderness or national	•	ELA51/1927 – 100% RTR – recently applied for
			park and environmental settings.	•	M51/122 is granted and owned
		•	The security of the tenure held at the time of		100% by Radmin Pty Ltd. Rumble
			reporting along with any known impediments to		has option to acquire 80%.
			obtaining a licence to operate in the area.	•	E51/1677 is granted and is 100%
					owned by Marjorie Ann Molloy.
					Rumble has option to acquire 80%.
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 Cu, Au, Ag, Ni and Co.
			mineralisation.		The style is considered mafic
					related disseminated sulphide
					associated with differentiated
					intrusives
Drill	hole	•	A summary of all information material to the	•	Table 1 outlines all drill hole co-
Information			understanding of the exploration results including a		ordinates, depth, azimuth and
			tabulation of the following information for all		inclination reported in this
			Material drill holes:		announcement
			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	•	Table 2 highlights Au, Cu and Ag assayed related to drill hole intercepts reported in this announcement.
			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	•	Two levels of reporting used.
aggregation			averaging techniques, maximum and/or minimum		Exploration to highlight zones of
methods			grade truncations (e.g. cutting of high grades) and		alteration and mineralisation uses a
			cut-off grades are usually Material and should be		0.1 g/t Au cutoff. Reporting of
			stated.		copper within diamond drilling uses
		•	Where aggregate intercepts incorporate short		0.5 % Cu as the cutoff. Au and Ag
			lengths of high grade results and longer lengths of		assays are reported with respect to
			low grade results, the procedure used for such		the 0.5% Cu cutoff.
		•	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.	•	Reported intercepts are from historic information. Table 2 highlights the relationship between assays and intercept length.
				•	The reported drilling intercepts are
					within 80 to 90% of true intercept
					based on known dip of
					mineralisation and angle of drill
					holes.
Relationship		•	These relationships are particularly important in the	•	The density of historic drilling
between			reporting of Exploration Results.		indicates the geometry of the
mineralisation		•	Ifthe geometry of the mineralisation with respect to		mineralisation with respect to drill

13

Criteria		JORC Code explanation	Commentary
widths	and	the drill hole angle is known, its nature should be		hole dip and azimuth is near
intercept		reported.		optimal.
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 known’).	•	Composite samples have been reported – not true down hole length. Historically, the resampling of composites intervals used a high
				resplit assay of 1 g/t Au.
Diagrams		• Appropriate maps and sections (with scales) and	•	Image 1 – Munarra Gully Project –
		tabulations of intercepts should be included for any		Location of Prospects over Regional
		significant discovery being reported These should		Magnetics
		include, but not be limited to a plan view of drill hole	•	Image 2 – Munarra North Prospect
		collar locations and appropriate sectional views.		– Drill Hole Location Plan with
				Significant Results
			•	Image 3 – Munarra North – Area
				Prospectivity Plan
			•	Image 4 – Co Prospect – Location of
				Planned Drilling (Dec 2019) over
				Magnetics
Balanced		• Where comprehensive reporting of all Exploration	•	Table 2 highlights all drill hole
reporting		Results is not practicable, representative reporting		(single metre and composite)
		of both low and high grades and/or widths should		assays with Au, Cu and Ag.
		be practiced to avoid misleading reporting of
		Exploration Results.
Other		• Other exploration data, if meaningful and material,	•	Airborne Magnetic Survey
substantive		should be reported including (but not limited to):		completed Feb 2019. Flown by
exploration		geological observations; geophysical survey		Thomson Aviation on 100m line
data		results; geochemical survey results; bulk samples –		spacing with sensor at 45m. A total
		size and method of treatment; metallurgical test		of 540 line km was completed
		results; bulk density, groundwater, geotechnical		bearing 145° (optimum direction
		and rock characteristics; potential deleterious or		normal to main magnetic trend).
		contaminating substances.	•	Processing of levelled magnetic
				data by Armada Exploration
				Services.
			•	Downhole TEM completed at White
				Rose by Wireline Services Group.
				Drillhole WRRC026 was drilled to
				450m designed to sit under the
				main White Rose zone of interest
				and to identify conductors. No
				conductors were defined.
Further work		• The nature and scale of planned further work (e.g.	Munarra North Prospect
		tests for lateral extensions or depth extensions or large-scale step-out drilling). • Diagrams clearly highlighting the areas of possible extensions, including the main geological interpretations and future drilling areas, provided this information is not commercially sensitive.	• • •	Plan geophysical survey based on petrophysics of copper mineralised core from historic diamond core drilling Expedite grant Complete geophysics to highlight
				targets along main zone of interest.
			Cobalt Prospect
			•	Shallow air core drilling to scope out
				high-grade cobalt trend.

14