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RUMBLE RESOURCES LIMITED Capital/Financing Update 2020

Feb 10, 2020

65736_rns_2020-02-10_8d6afec8-a177-4f36-a0ee-1d167d2b9915.pdf

Capital/Financing Update

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11th February 2020

Munarra Gully Project Large Scale Copper-Gold System defined over 7km Strike

Amaryllis Cu-Au Prospect

  • Reconnaissance drilling has confirmed copper in basement mineralisation extends south from the Amaryllis Cu-Au Prospect.

  • Ongoing compilation of historic data and current air core drilling has highlighted multiple copper-gold bearing mafic sills occur over a strike of 7km (completely open).

  • The mineralised mafic sills are > 50m in width with significant historic primary sulphide zone intersections including:

  • MHD045 – 74m @ 0.41% Cu, 0.29 g/t Au from 139m to EOH inc 5m@ 1.71% Cu, 0.82 g/t Au, 21.2 g/t Ag from 139m inc 5m @ 0.74% Cu, 0.51 g/t Au from 164m inc 14m @ 0.58% Cu, 0.45 g/t Au from 192m

*Note drill hole ended in mineralisation

  • Of importance: A large flat lying conductor (historic down-hole TEM survey) over 1km in length corresponds to an inferred strike extensive supergene sulphide zone above the primary zone mineralisation outlined above:

  • Conductor is open along strike;

  • Supergene sulphide zones are typically higher grade than underlying primary sulphide zones; and

  • The historic drilling only intercepted the primary sulphide zone while the potential higher-grade supergene sulphide zone remains to be drill tested.

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

Co Prospect

  • Reconnaissance air core drilling at the Co Prospect has confirmed cobalt in laterite mineralisation extends along strike.

  • Lateritic cobalt mineralisation was defined over 500m of strike and is open to the southwest over a strike of 1km. Air core drilling results include:

Mr Steven Wood Company Secretary

Mr Mark Carder Exploration Manager

  • 3m @ 0.11% Co from 15m (LBAC279)

  • 1m @ 0.19% Co from 18m (LBAC303)

Next Steps

  • Rumble is fast tracking approvals to drill test the potential higher-grade supergene zone at the Amaryllis Cu-Au Prospect over the coming weeks.

Munarra Gully Cu-Au Tenements

  • Rumble secured 80% of E51-1677.

  • E51-1919 - 100% Rumble - which hosts the Amaryllis Cu-Au Prospect, has been granted.

Rumble Resources Ltd (ASX: RTR) (“Rumble” or “the Company”) is pleased to announce the results from the current round of reconnaissance air core drilling and the ongoing data review at the Munarra Gully Project located some 50km NNE of the town of Cue within the Murchison Goldfields of Western Australia and comprising an area of 205km².

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Managing Director Shane Sikora said “Rumble’s technical team developed a previously unrecognised exploration model for the region that identified the potential for significant mafic hosted Cu-Au deposits based on Rumbles exploration results at the White Rose Prospect (example 22m @ 1.00% Cu from 29m coincident with 19m @ 2.19 g/t Au from 33m). The White Rose Prospect mineralisation zone is up to 50m wide over a strike of 350m (faults have terminated strike continuity). Of importance, even with the significant sulphide intercept outlined above, the mineralised primary sulphide zone was not conductive when using ground and downhole TEM.

“Using the newly developed regional exploration model, Rumble commenced regional exploration targeting for copper - gold bearing mafic sills that could potentially host a large-scale Cu-Au deposit(s). Detailed Open File review of historic exploration results has highlighted that the Amaryllis Cu-Au Prospect, which lies some 6km north of White Rose, is on the main regional structure associated with Cu-Au-Co mineralisation within the Munarra Gully Project. The historic exploration at the Amaryllis Cu-Au Prospect has shown previous explorers were focused on gold mineralisation rather than the copper potential, with limited copper assaying completed.

“Of note, the Amaryllis Cu-Au Prospect has the same style of mineralisation as the White Rose Prospect with true widths of over 50 metres (disseminated Cu with Au sulphide mineralisation), however, unlike the White Rose, which is constrained to a strike length of 350m, the large scale tonnage potential for multiple mafic hosted Cu-Au deposits at the Amaryllis Cu-Au Prospect is compelling with over 7km’s of Cu-Au strike identified and completely open.

“The Amaryllis Prospect has six (6) historic diamond core drill holes that were designed to test for gold mineralisation and were only partially assayed for copper, however intersected significant widths of Cu-Au mineralisation including 74m @ 0.41% Cu, 0.29 g/t Au from 139m to EOH which included a higher-grade 5m @ 1.71% Cu, 0.82 g/t Au and 21.2 g/t Ag from 139m in mineralised primary sulphides (primary zone).

“Historic down-hole geophysical surveys were completed on four (4) of the diamond core drill holes in response to the level of sulphide intercepted, however, like the White Rose Prospect, the primary mineralised sulphides are not conductive. Instead the results from the down hole survey indicate a flat lying conductor over 1km in strike (and open) at a depth of approximately 80m located above the significant widths of primary Cu-Au mineralisation. Rumble has inferred the conductor may represent the secondary sulphide zone associated with supergene enrichment (supergene zone) above the mineralised primary sulphide zone outlined above.

“Of importance, typically the supergene zone is much higher grade than the underlying primary zone, and the historic diamond core drilling only intercepted the primary sulphide mineralisation while the potential higher-grade supergene zone remains to be drill tested. Rumble is now fast tracking the approvals to drill test the exciting supergene zone over the coming weeks”.

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

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Munarra Gully Project Overview

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Amaryllis Cu-Au Prospect

Exploration by Rumble has discovered copper, gold and cobalt mineralisation closely associated with a differentiated mafic sill horizon and a fine grain pyroxenite intrusion which are related to a regional structure (shear zone) that strikes over 34 km within the Munarra Gully Project (see image 1). Inferred magmatic copper-gold mineralisation with epigenetic shear related overprints were first recognised at the White Rose Prospect with significant widths of Cu-Au values ( 22m @ 1.00% Cu from 29m coincident with 19m @ 2.19 g/t Au from 33m (WRRC001). A differentiated mafic sill hosting disseminated copper sulphides (bornite and chalcopyrite) with strongly anomalous gold and silver was defined over a strike of 350m (sill terminated by faults) and an average width of 50m at White Rose. From the work completed at White Rose, a regional exploration model was developed with the emphasis on finding a larger (strike extensive) mafic sill that could potentially host large-scale Cu Au deposit(s).

Recent research on historic drilling, located some 6km to the north of the White Rose prospect, has outlined widespread copper in basement mineralisation with significant gold over a strike of 7km with the system completely open. Previous explorers completed only limited copper assaying, however, the tenor and style of mineralisation is identical to the White Rose model.

Rumble believes it has identified a large-scale copper-gold (with silver) mineralising system associated with a series of mafic (differentiated) sills under shallow cover (20 – 30m) and has renamed the prospect to the Amaryllis Cu Au Prospect.

The Amaryllis Prospect has six (6) historical diamond core drill holes completed over a strike of 1.2km. The diamond core drill holes were designed to test for gold mineralisation and were only partially assayed for copper. Historic reconnaissance air core drilling on 400m spacing was also tested for copper and image 2 highlights the 7km of strike potential currently delineated. Historic down-hole TEM (transient electromagnetic) surveys were completed on four (4) of the diamond core drill holes in response to the significant level of sulphide intercepted during the gold exploration. The results from the survey indicate a flat lying conductor (all four holes) with a conductance of 100 siemens lies at a depth of approximately 80m. The conductor is strike extensive and open. Rumble has inferred the conductor may represent the secondary sulphide zone associated with supergene enrichment. Typically, the supergene is higher grade than the underlying primary zone.

Primary copper gold mineralisation defined in the historic diamond core drilling occurs over the width of the mineralised mafic sill (> 50m width). Historic hole MHD045 returned:

  • 74m @ 0.41% Cu, 0.29 g/t Au from 139m to EOH which included: o 5m @ 1.71% Cu, 0.82 g/t Au and 21.2 g/t Ag from 139m o 5m @ 0.74% Cu, 0.51 g/t Au from 164m o 14m @ 0.58% Cu, 0.45 g/t Au from 192m

Primary mineralisation was dominantly disseminated to stringer chalcopyrite and pyrite and was not conductive. Of importance - the diamond core drilling only intercepted primary sulphide mineralisation.

Co Prospect

During the regional exploration completed by Rumble in July 2019 (exploring for Cu-Au, refer ASX announcement 11 July 2019), an area of high-grade cobalt in laterite mineralisation was intersected at the Co Prospect (see image 1 for location). Results include:

  • 2m @ 0.48% Co, 220ppb Pt from 18m

  • 3m @ 0.37% Co, 75ppb Pt from 14m

  • 2m @0.20% Co, 203ppb Pt from 11m

  • 1m @ 0.55% Co, 382ppb Pt from 13m

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The cobalt mineralisation lies within the laterite/saprolite zone of a fine grain pyroxenite intrusion within intercalated talc chlorite schists (after ultramafic), dolerite/gabbro and mafic volcanics.

Air Core Drilling Programme and Results

Air core drilling was completed on 10 traverses covering three areas within tenement E51/1677. A total of 127 drill holes for 3573m tested:

  1. Extension of copper mineralisation south of the newly named Amaryllis Cu Au prospect.

  2. Extension of cobalt in laterite mineralisation at the Co Prospect.

  3. A large ultramafic body some 2 to 3km southwest of the Co Prospect for Ni-Cu-Co potential.

Amaryllis Cu Au Prospect

A single air core drill traverse was completed within E51/1677 immediately south of the main Amaryllis Cu Au prospect. The reconnaissance air core drilling was designed to test for copper geochemical trends south of the large Amaryllis mineralised system. Two wide-spaced (80m apart) drill holes intercepted elevated copper:

  • LBAC286 – 4m @ 530ppm Cu from 12 and 4m @ 622ppm Cu from 28m

  • LBAC287 – 8m @ 414 ppm Cu from 12m

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Image 2 – Amaryllis Cu Au Prospect – Rumble and Historic Drilling (with copper values) over Magnetics

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Air core drilling completed by Rumble in July 2019 intercepted elevated copper (up to 1130ppm Cu – LBAC124) 2.6km south of the latest air core drilling by Rumble (image 2). Rumble and historic air core drilling have outlined copper in basement anomalism over a strike of 7km. The anomalism is completely open.

Co Prospect (image 3)

Drilling has extended the cobalt in laterite anomalism (>500ppm Co) to the southwest. Some 500m of strike has been defined. Cobalt in laterite mineralisation is associated with a pyroxenite unit that has intruded into talc chlorite schists, dolerite, gabbro and mafic volcanics. Results include:

  • 3m @ 0.11% Co from 15m (LBAC279)

  • 1m @ 0.19% Co from 18m (LBAC303)

The cobalt mineralisation is open to the southwest over a strike >1km.

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Image 3 – Co Prospect – Location of Air Core Drilling and Significant Drill Hole Results

Regional Targets (image 3)

Two air core drill traverses tested the upper profile of an ultramafic complex some 2.5km southwest of the Co Prospect. The laterite/saprolite zone (dominated by talc chlorite schists) returned mainly background nickel and cobalt – Nickel to 0.52% and Cobalt to 0.04%.

Amaryllis Cu-Au Prospect Prospectivity Update (image 2, 4, 5 and 6)

Ongoing review of historic geochemistry with reprocessing and re-interpretation of historic downhole TEM at the Amaryllis Cu Au Prospect has further enhanced the potential for a large-scale Cu-Au mineralising system.

Current reconnaissance air core drilling by Rumble as confirmed strong continuity of copper in basement mineralisation to the south of the Amaryllis Cu Au Prospect.

Review and compilation of historic copper assaying from reconnaissance air core drilling and 6 diamond core drill holes has highlighted multiple copper in basement zones (>1000ppm Cu) in association with gold

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mineralisation. The diamond core drill holes (only partial copper assays) confirm wide zones of low-grade copper mineralisation with gold (and silver) are associated with differentiated mafic (dolerite to gabbro) sills. Within the wide low-grade copper haloes, higher grade copper mineralisation was intersected. Hole MHD045 returned 5m @ 1.71% Cu, 0.82 g/t Au, 21.2 g/t Ag from 139m.

Historic down hole TEM (transient electromagnetic) surveys were completed on four diamond core drill holes subsequent to the geological observation of disseminated to stringer chalcopyrite, bornite and pyrite. Reinterpretation and re-modelling of the downhole TEM data has highlighted a broad flat to shallow west dipping conductor plate with a conductance of 100 siemens. The plate is modelled from the four diamond core drill holes and is interpreted to correlate with the supergene secondary sulphide zone at approximately 80m depth. Images 4 and 5 highlight the position of the conductor in plan and by longitudinal section. The plate over 1km in length and is open along strike.

All six diamond core drill holes intercepted the primary zone beneath the inferred supergene secondary sulphide zone over a strike of 1.2km.

Image 4 highlights the conductor plate and shows the >1% Cu basement contour is open to the north.

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Image 4 – Amaryllis Cu Au Prospect – Copper in Basement Geochemistry, Conductor Plate and Location of Longitudinal Section.

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Image 5 – Amaryllis Cu Au Prospect – Longitudinal Section – Primary Zone Cu-Au Intersections and Location of DHEM Conductor over Four Diamond Core Drill Holes

Amaryllis Cu Au Prospect Exploration Model

The Amaryllis Cu Au Prospect exploration model is inferred to be magmatic Cu-Au (and Ag) mineralisation associated with a series of differentiated mafic sills. Later epigenetic (shear zones) have developed higher grade gold zones which were the focus for previous exploration. The primary Cu Au mineralised zone has low conductivity and magnetic susceptibility, not detectable by TEM and magnetics. Other geophysical methods such as IP have not tested been applied.

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Image 6 – Exploration Model for Amaryllis Cu-Au Prospect

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Targeting Primary and Supergene High Grade Sulphides

The broad flat lying conductor may represent the supergene secondary sulphide zone (chalcocite, chalcopyrite, bornite and marcasite/pyrite). The supergene zone is typically higher grade than the primary zone. The inference is higher grade and volume of secondary sulphide (conductivity can be highly variable in supergene sulphides) will develop over higher grade and volume of primary sulphide and therefore allowing TEM to target primary Cu Au mineralisation via the conductivity response in the supergene sulphide zone.

Of Importance

  • The Amaryllis Cu Au mineralisation system has the potential to be a large-scale deposit(s)

  • The strike is 7km and completely open.

  • Width of the mineralised sill is >50m.

  • Copper in basement geochemistry has highlighted multiple parallel zones.

  • Only 6 diamond core drill holes have tested the copper gold mineralisation in the central 1.2km long zone. Copper and gold assays are partial.

  • Wide zones of low-grade Cu-Au mineralisation (i.e. 74m @0.41% Cu, 0.29 g/t Au from 139m to EOH).

  • Higher grade zones within the broad mineralised envelope include 5m @ 1.7% Cu, 0.82 g/t Au, 21.2g/t Ag from 139m.

  • Historic DHTEM of four diamond core drill holes has defined a broad flat to shallow dipping conductor plate that is inferred to correlate with the supergene secondary sulphide zone.

  • The flat conductor is over 1km in strike (essentially open due to distance from surveyed drill holes).

  • The supergene secondary sulphide zone has not been assayed for copper based on distribution of drill holes.

  • The supergene oxide and secondary sulphide zone is typically higher grade than the underlying primary sulphide zone.

Rumble considers TEM will aid in targeting economic (Cu Au Ag) primary zones based on the inference higher-grade supergene sulphide mineralisation develops over higher-grade primary sulphide mineralisation.

Target

  • Large-scale disseminated/stringer/massive sulphide Cu Au Ag magmatic mineralisation hosted in strike extensive differentiated to massive mafic intrusions. Potential for multiple deposits.

  • Mineralisation styles within the mafic intrusions

  • Strike extensive supergene mineralisation (including oxide) – broad flat zone overlying:

  • o Primary sulphide mineralisation

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Next Steps - Amaryllis Cu-Au Prospect

  • Complete ground TEM survey

  • Drill the conductors along defined copper-in-basement corridor (RC drilling)

  • Extend and infill the current 7km of strike to the north and south with further drilling

Munarra Gully Cu-Au Tenements

E51/1677 – Earnt 80% of all mineral rights

Rumble provided notice to Marjorie Anne Molloy that it has exercised the Option in respect of E51/1677 based on the below terms:

  • a. Rumble make final payment of $25,000 cash and issue $25,000 of RTR ordinary shares to earn 80% on all mineral rights.

  • b. Marjorie Ann Molloy free carried to BFS.

  • c. Following the completion of a BFS and decision to mine, Marjorie Ann Molloy can either elect to contribute to

  • ongoing project development or dilute to a 1% NSR.

M51/0122

Rumble has notified Radman Mining Pty Ltd that is has withdrawn from the option agreement for M51/0122 which hosts the White Rose Prospect, based on the restrictive 350m of strike and Rumble exhausting all targets.

E51-1919 – 100% Rumble

Rumble confirms that tenement E51-1919 which hosts the Amaryllis Cu-Au Prospect has been granted and is 100% owned by Rumble.

Authorisation

This announcement is authorised for release by Shane Sikora, Managing Director of the Company.

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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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, Air core drilling sampling
techniques random chips, or specific specialised industry methodology included:
standard measurement tools appropriate to the o
Composite – to maximum
minerals under investigation, such as down hole of 4m
gamma sondes, or handheld XRF instruments, etc.). o
Single metre samples
These examples should not be taken as limiting the based on pXRF response
broad meaning of sampling. Drill cuttings placed in 1m piles.
Include reference to measures taken to ensure Sample method involved
sample representivity and the appropriate calibration scoop/spear into piles. Individual
of any measurement tools or systems used. weight of 1m sample cuttings 8 to
Aspects of the determination of mineralisation that 12kg.
are Material to the Public Report. Sample size between 1 to 2kg.
In cases where ‘industry standard’ work has been Analysis was four acid digest with
done this would be relatively simple (e.g. ‘reverse 33 elements (ICP finish) and Au
circulation drilling was used to obtain 1 m samples (25g charge) with AA digest.
from which 3 kg was pulverised to produce a 30 g Historic drilling included AC, RAB,
charge for fire assay’). In other cases more RC and DD. Detail reported in ASX
explanation may be required, such as where there is Announcement 26/11/2019 –
coarse gold that has inherent sampling problems. Munarra Gully Major Structure
Unusual commodities or mineralisation types (e.g. Hosting Cu Au Co
submarine nodules) may warrant disclosure of
detailed information.
Drilling Drill type (e.g. core, reverse circulation, open-hole Air Core Drilling. Blade and face
techniques hammer, rotary air blast, auger, Bangka, sonic, etc.) hammer (3.5 in).
and details (e.g. core diameter, triple or standard Historic drilling included AC, RAB,
tube, depth of diamond tails, face-sampling bit or RC and DD. Detail reported in ASX
other type, whether core is oriented and if so, by Announcement 26/11/2019 –
what method, etc.).. Munarra Gully Major Structure
Hosting Cu Au Co
Drill sample
Method of recording and assessing core and chip
Air Core Drilling
recovery sample recoveries and results assessed. Drill cuttings placed in 1m piles.
Measures taken to maximise sample recovery and Sample method involved
ensure representative nature of the samples. scoop/spear into piles. Individual
Whether a relationship exists between sample weight of 1m sample cuttings 8 to
recovery and grade and whether sample bias may 12kg.
have occurred due to preferential loss/gain of Sample size between 1 to 2kg.
fine/coarse material. Analysis was four acid digest with
33 elements (ICP finish) and Au
(25g charge) with AA digest.
Historic sampling – Au (FA), Ag Cu
Zn Multi-acid digest – Renton Labs
Partial sections of diamond core
were cut and assayed for Au, Cu
and Ag.
Logging Whether core and chip samples have been Air Core Drilling – every metre
geologically and geotechnically logged to a level of interval geologically logged
detail to support appropriate Mineral Resource Every metre was collected and
estimation, mining studies and metallurgical studies. stored in chip trays for future
Whether logging is qualitative or quantitative in reference.
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, Air Core Drilling
sampling half or all core taken. o
All samples were dry.
techniques If non-core, whether riffled, tube sampled, rotary Samples were collected by spear
split, etc. and whether sampled wet or dry. (includes composites).
For allsample types, the nature, quality and Weight between 1 to 2 kgfor air

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Criteria JORC Code explanation Commentary
and sample
appropriateness of the sample preparation
core samples
preparation technique. Field duplicates every 20 samples
Quality control procedures adopted for all sub- Standard and blank every 20
sampling stages to maximise representivity of samples
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 the grain
• _size of the material being sampled. _
Quality of
The nature, quality and appropriateness of the
Air Core Drilling.
assay data
and
laboratory

assaying and laboratory procedures used and
whether the technique is considered partial or total.
For geophysical tools, spectrometers, handheld XRF
o
Assay methodology was
complete digest
tests instruments, etc., the parameters used in o
pXRF used only as a guide
determining the analysis including instrument make to wet sampling (i.e
and model, reading times, calibrations factors composites versus single
applied and their derivation, etc. metres)
Nature of quality control procedures adopted (e.g.
standards, blanks, duplicates, external laboratory
checks) and whether acceptable levels of accuracy
(i.e. lack of bias) and precision have been
o
Duplicates, standards and
blanks used throughout
programme.
established. Historic drilling included AC, RAB,
RC and DD. Detail reported in ASX
Announcement 26/11/2019 –
Munarra Gully Major Structure
Hosting Cu Au Co
Verification The verification of significant intersections by either Not known for historic 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 No twins used in air core drilling.
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
Air Core Drilling utilised MGA94
data points holes (collar and down-hole surveys), trenches, mine Z50 as datum. All collars picked up
workings and other locations used in Mineral by hand held GPS.
Resource estimation. Historic drilling included AC, RAB,
Specification of the grid system used. RC and DD. Detail reported in ASX
Quality and adequacy of topographic control. Announcement 26/11/2019 –
Munarra Gully Major Structure
Hosting Cu Au Co
Data Data spacing for reporting of Exploration Results. Air core drilling was
spacing and
Whether the data spacing and distribution is
reconnaissance. Variable spaced
distribution sufficient to establish the degree of geological and lines (often single traverses testing
grade continuity appropriate for the Mineral targets)
Resource and Ore Reserve estimation procedure(s) Composite sampling used.
and classifications applied. Historic drilling included AC, RAB,
Whether sample compositing has been applied. RC and DD. Detail reported in ASX
Announcement 26/11/2019 –
Munarra Gully Major Structure
Hosting Cu Au Co
Orientation Whether the orientation of sampling achieves Air Core Drilling
of data
relation
geological
structure
in
to


unbiased sampling of possible structures and the
extent to which this is known, considering the
deposit type.
If the relationship between the drilling orientation and
o
Drilling designed to test for
flat lateral mineralization.
True width.
the orientation of key mineralised structures is o
Angled holes based on

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Criteria JORC Code explanation Commentary
considered to have introduced a sampling bias, this known regional trend and
should be assessed and reported if material. foliation.
Historic drilling included AC, RAB,
RC and DD. Detail reported in ASX
Announcement 26/11/2019
Munarra
Gully
Major
Structure
Hosting Cu Au Co
Sample The measures taken to ensure sample security. Rumble personnel ensure sample
security security on site and delivery to
laboratory
Audits or
The results of any audits or reviews of sampling No external audits and reviews
reviews techniques and data. completed.

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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 EL51/1919 – 100% RTR – Granted
tenement and ownership including agreements or material 6/2/2020
land
status
tenure issues with third parties such as joint ventures,
partnerships, overriding royalties, native title
interests, historical sites, wilderness or national
ELA51/1927 – 100% RTR – in
application
park and environmental settings. E51/1677 is granted and is 100%
The security of the tenure held at the time of owned by Marjorie Ann Molloy.
reporting along with any known impediments to Rumble has exercised its option to
obtaining a licence to operate in the area. acquire 80%.
Exploration Acknowledgment and appraisal of exploration by Current exploration solely
done by other other parties. completed by Rumble Resources
parties Historic exploration. Detail reported
in ASX Announcement 26/11/2019
– Munarra Gully Major Structure
Hosting Cu Au Co
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 ordinates, depth, azimuth and
a 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
Table 2 highlights Au, Co, Cr, Cu,
Fe, Mg, Mn and Ni assayed related
to drill hole intercepts reported in
this announcement.
o down hole length and interception depth Table 3 – MHD045 – Location and
o hole length. Significant Au, Cu and Ag Assays
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.

Historic Exploration. Detail reported
in ASX Announcement 26/11/2019
– Munarra Gully Major Structure
Hosting Cu Au Co
Data In reporting Exploration Results, weighting Air core drilling
aggregation
methods
averaging techniques, maximum and/or minimum
grade truncations (e.g. cutting of high grades) and
cut-off grades are usually Material and should be
o
Drilling is reconnaissance.
Simple averages used
stated. Historic Exploration. Detail reported
Where aggregate intercepts incorporate short in ASX Announcement 26/11/2019
lengths of high grade results and longer lengths of – Munarra Gully Major Structure
low grade results, the procedure used for such Hosting Cu Au Co
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 Air Core Drilling
between
mineralisation
widths
and

the reporting of Exploration Results.
If the geometry of the mineralisation with respect
to the drill hole angle is known, its nature should
o
Targeting geochemical
trends and flat lying cobalt

13

Criteria JORC Code explanation Commentary
intercept be reported. in laterite mineralization.
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’).
Historic Exploration. Detail reported
in ASX Announcement 26/11/2019
– Munarra Gully Major Structure
Hosting Cu Au Co
Diagrams Appropriate maps and sections (with scales) and Image 1 – Munarra Gully Project –
tabulations of intercepts should be included for Location of Prospects over
any significant discovery being reported These Regional Magnetics
should include, but not be limited to a plan view of Image 2 - Amaryllis Cu Au Prospect
drill hole collar locations and appropriate sectional – Rumble and Historic Drilling (with
views. copper values) over Magnetics
Image 3 – Co Prospect – Location
of Air Core Drilling and Significant
Drill Hole Results
Image 4 – Amaryllis Cu Au Prospect

Copper
in
Basement
Geochemistry,
Conductor
Plate
and
Location
of
Longitudinal
Section.
Image 5 -Amaryllis Cu Au
Prospect – Longitudinal Section –
Primary Zone Cu-Au Intersections
and Location of DHEM Conductor
over Four Diamond Core Drill Holes
Image 6– Exploration Model for
Amaryllis
Cu
Au
Prospect
Targeting
Primary
and
Supergene
High
Grade
Sulphides
Balanced Where comprehensive reporting of all Exploration Table 2 highlights selected drill
reporting Results is not practicable, representative reporting hole (single metre and composite)
of both low and high grades and/or widths should assays with Au, Co, Cr, Cu, Fe,
be practiced to avoid misleading reporting of Mg, Mn and Ni.
Exploration Results.
Other Other exploration data, if meaningful and material, Down hole EM surveys were
substantive should be reported including (but not limited to): conducted on four DD drill holes at
exploration geological observations; geophysical survey Amaryllis. Australasian Gold Mines
data results; geochemical survey results; bulk samples NL commissioned Southern
– size and method of treatment; metallurgical test Geoscience to complete the
results; bulk density, groundwater, geotechnical survey in 2000. The prospect was
and rock characteristics; potential deleterious or known as Hope River.
contaminating substances. Re-processing and modelling was
completed by Armada Exploration
Services.
Further work The nature and scale of planned further work (e.g. Amaryllis Cu Au 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.


MLTEM survey will commence in
February 2020. A total of 2.6km of
strike is planned to test for
sulphide conductors
RC drilling will test conductors and
test zones not previously assayed
for copper. Multi-element assaying
will be completed.
Regional air core drilling to extend
the copper in basement
mineralisation.

14

Criteria JORC Code explanation Commentary
Cobalt Prospect

Infill AC to test the cobalt tenor
along strike.

15

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

Table 1

Air Core Drill Hole Location and Survey

Hole_ID
E(MGA94Z50)

N(MGA94Z50)

RL(m)

Depth(m)

Dip
Azi
LBAC248 613016 7015855 479 59 -60 150
LBAC249 613003 7015874 474 39 -60 150
LBAC250 612993 7015893 477 18 -60 150
LBAC251 612979 7015908 472 18 -60 150
LBAC252 612966 7015926 475 42 -60 150
LBAC253 612955 7015943 471 18 -60 150
LBAC254 612949 7015964 473 18 -60 150
LBAC255 612919 7016006 467 48 -60 150
LBAC256 613219 7015885 474 45 -60 150
LBAC257 613214 7015904 478 24 -60 150
LBAC258 613207 7015923 486 12 -60 150
LBAC259 613195 7015942 475 24 -60 150
LBAC260 613182 7015964 478 24 -60 150
LBAC261 613175 7015981 477 30 -60 150
LBAC262 613169 7015995 471 49 -60 150
LBAC263 613155 7016012 470 18 -60 150
LBAC264 613145 7016027 468 18 -60 150
LBAC265 613136 7016038 460 18 -60 150
LBAC266 613130 7016062 475 39 -60 150
LBAC267 613113 7016090 475 18 -60 150
LBAC268 612818 7015791 474 21 -60 150
LBAC269 612804 7015814 510 62 -60 150
LBAC270 612792 7015831 468 27 -60 150
LBAC271 612778 7015852 467 27 -60 150
LBAC272 612768 7015869 467 21 -60 150
LBAC273 612753 7015890 467 30 -60 150
LBAC274 612747 7015914 474 72 -60 150
LBAC275 612735 7015736 476 30 -60 150
LBAC276 612724 7015754 477 68 -60 150
LBAC277 612710 7015773 474 18 -60 150
LBAC278 612702 7015790 477 30 -60 150
LBAC279 612690 7015812 482 39 -60 150
LBAC280 612678 7015833 486 27 -60 150
LBAC281 612668 7015852 506 24 -60 150
LBAC282 612656 7015871 499 30 -60 150
LBAC283 612641 7015896 500 28 -60 150
LBAC284 616920 7022202 448 11 -60 90
LBAC285 616841 7022200 453 15 -60 90
LBAC286 616751 7022200 451 15 -60 90
LBAC287 616668 7022199 450 23 -60 90
LBAC288 616590 7022196 449 21 -60 90
LBAC289 616510 7022201 451 47 -60 90
LBAC290 616431 7022204 451 41 -60 90
LBAC291 616352 7022196 446 54 -60 90
LBAC292 616271 7022193 455 39 -60 90
LBAC293 616194 7022204 455 39 -60 90
LBAC294 616116 7022199 470 36 -60 90
LBAC295 616044 7022202 465 48 -60 90
LBAC296 616000 7022199 449 54 -60 90
LBAC297 615963 7022206 452 42 -60 90
LBAC298 615926 7022203 452 42 -60 90
LBAC299 615884 7022201 448 27 -60 90
LBAC300 615846 7022200 451 39 -60 90
LBAC301 615800 7022200 447 39 -60 90
LBAC302 615771 7022198 441 63 -60 90
LBAC303 612990 7015916 476 33 -60 150
LBAC304 612967 7015954 483 32 -60 150
LBAC305 612959 7015971 481 40 -60 150
LBAC306 612656 7015689 485 33 -60 150
LBAC307 612646 7015709 483 33 -60 150
LBAC308 612634 7015728 481 33 -60 150
LBAC309 612620 7015749 479 33 -60 150
LBAC310 612602 7015766 471 33 -60 150

16

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

Table 1 Cont. Air Core Drill Hole Location and Survey

Hole_ID
E(MGA94Z50)

N(MGA94Z50)

RL(m)

Depth(m)

Dip
Azi
LBAC311 612593 7015788 467 33 -60 150
LBAC312 612579 7015801 467 21 -60 150
LBAC313 612565 7015823 467 18 -60 150
LBAC314 612561 7015629 471 21 -60 150
LBAC315 612553 7015648 472 21 -60 150
LBAC316 612530 7015669 465 18 -60 150
LBAC317 612516 7015687 474 18 -60 150
LBAC318 611768 7015072 486 4 -60 150
LBAC319 611757 7015086 492 6 -60 150
LBAC320 611749 7015105 495 9 -60 150
LBAC321 611734 7015140 491 7 -60 150
LBAC322 611716 7015165 485 18 -60 150
LBAC323 611702 7015187 476 18 -60 150
LBAC324 611689 7015206 479 18 -60 150
LBAC325 611682 7015222 480 24 -60 150
LBAC326 611662 7015249 473 33 -60 150
LBAC327 611659 7015268 475 20 -60 150
LBAC328 611648 7015281 476 30 -60 150
LBAC329 611643 7015297 475 33 -60 150
LBAC330 611640 7015309 478 42 -60 150
LBAC331 611628 7015321 468 33 -60 150
LBAC332 611620 7015335 469 21 -60 150
LBAC333 611611 7015351 471 30 -60 150
LBAC334 611602 7015359 469 33 -60 150
LBAC335 611594 7015372 469 18 -60 150
LBAC336 611589 7015388 495 14 -60 150
LBAC337 611577 7015403 494 30 -60 150
LBAC338 611567 7015420 480 21 -60 150
LBAC339 611556 7015438 479 33 -60 150
LBAC340 611548 7015452 479 12 -60 150
LBAC341 611543 7015467 483 30 -60 150
LBAC342 611527 7015490 481 19 -60 150
LBAC343 611514 7015503 477 24 -60 150
LBAC344 611508 7015521 476 36 -60 150
LBAC345 611503 7015575 472 28 -60 130
LBAC346 610558 7014592 483 25 -60 130
LBAC347 610541 7014608 482 30 -60 130
LBAC348 610527 7014624 483 28 -60 130
LBAC349 610512 7014643 486 33 -60 130
LBAC350 610500 7014654 494 24 -60 130
LBAC351 610488 7014668 493 18 -60 130
LBAC352 610473 7014686 495 18 -60 130
LBAC353 610458 7014697 499 36 -60 130
LBAC354 610258 7014082 485 33 -60 130
LBAC355 610245 7014095 483 28 -60 130
LBAC356 610225 7014109 486 15 -60 130
LBAC357 610216 7014124 484 21 -60 130
LBAC358 610201 7014139 493 18 -60 130
LBAC359 610184 7014149 487 17 -60 130
LBAC360 610157 7014178 487 9 -60 130
LBAC361 610127 7014203 487 15 -60 130
LBAC362 610114 7014217 494 5 -60 130
LBAC363 610106 7014240 486 24 -60 130
LBAC364 610090 7014244 488 6 -60 130
LBAC365 610076 7014255 489 18 -60 130
LBAC366 610068 7014273 477 34 -60 130
LBAC367 610047 7014284 481 33 -60 130
LBAC368 610034 7014297 483 35 -60 130
LBAC369 610019 7014310 481 45 -60 130
LBAC370 610006 7014325 482 30 -60 130
LBAC371 609995 7014342 496 11 -60 130
LBAC372 609981 7014353 492 15 -60 130
LBAC373 609971 7014361 497 24 -60 130
LBAC374 609956 7014371 489 33 -60 130

17

Table 2 Select Air Core Drill Hole Multi-Element Assays

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

==> picture [386 x 677] intentionally omitted <==

----- Start of picture text -----

Hole_ID mFrom mTo Au_ppm Co_ppm Cr_ppm Cu_ppm Fe_% Mg_% Mn_ppm Ni_ppm
LBAC256 34 35 0.01 5 122 538 1.88 0.17 65 41
LBAC256 35 36 0.01 16 422 326 4.33 1.53 304 173
LBAC269 7 11 0.01 60 2410 316 27.7 0.78 311 396
LBAC269 11 13 0.01 59 4200 309 20.4 0.54 552 456
LBAC269 13 15 0.01 57 2500 393 25.2 0.21 2060 695
LBAC270 4 5 0.01 28 2340 410 29.4 0.17 343 578
LBAC270 5 9 0.01 54 4660 228 23.8 0.93 224 387
LBAC270 9 13 0.01 189 3410 373 27.6 0.34 1100 763
LBAC270 13 17 0.01 214 6330 438 30.1 2 1290 1300
LBAC270 17 21 0.01 127 4440 341 24.6 1.28 840 1130
LBAC270 21 24 0.01 47 900 294 20.8 0.25 519 763
LBAC270 24 25 0.01 60 4360 438 29.4 0.57 879 1345
LBAC270 25 27 0.01 86 7710 375 23.7 3.4 742 1415
LBAC271 8 12 0.01 353 1950 129 12.1 7.29 2980 2010
LBAC271 12 13 0.02 419 1840 230 14.2 3.35 6340 2230
LBAC271 13 14 0.03 131 609 213 14.65 1.89 2060 1570
LBAC271 14 18 0.01 128 1865 213 16.5 2.71 1960 1390
LBAC271 18 22 0.02 788 2020 249 16.15 3.49 5760 2290
LBAC277 16 18 0.01 52 2370 413 25.4 0.19 913 721
LBAC278 12 16 0.01 166 4550 387 27.9 0.62 1265 909
LBAC278 16 20 0.01 40 2600 365 26.1 0.21 509 707
LBAC278 20 24 0.01 34 2790 332 27.6 0.29 547 881
LBAC279 15 16 0.01 1740 1990 134 12.85 7.34 16850 3270
LBAC279 16 17 0.01 1050 3310 182 16.95 4.7 15850 3220
LBAC279 17 18 0.01 648 2380 140 15.7 3.71 6640 2560
LBAC279 30 31 0.02 183 4160 226 20.5 2.53 4300 2100
LBAC279 31 32 0.03 429 1870 162 15.2 3.87 9110 2870
LBAC279 32 33 0.02 180 1460 257 14.45 1.59 998 2020
LBAC279 33 34 0.01 576 1205 304 14.4 2.98 18050 2960
LBAC279 34 35 0.01 869 2050 259 14.2 4.95 25700 3790
LBAC279 35 36 0.01 524 2340 162 14.75 4.54 6240 3290
LBAC279 36 37 0.01 506 1620 85 13.95 3.62 3580 2890
LBAC279 37 38 0.01 272 1400 190 13.5 2.41 1680 2170
LBAC279 38 39 0.01 348 1435 93 13.7 5.85 5590 2410
LBAC280 0 4 0.02 45 529 66 10.95 1.32 779 284
LBAC280 4 8 0.01 509 1410 105 10.9 5.3 2220 1855
LBAC286 12 16 0.05 33 498 530 6.35 3.62 396 259
LBAC286 28 29 0.1 29 321 530 5.42 2.89 429 188
LBAC286 29 30 0.06 28 178 568 5.25 2.06 382 106
LBAC286 30 31 0.05 47 160 588 5.24 2.11 567 125
LBAC286 31 32 0.1 21 150 802 5.43 2.08 210 113
LBAC286 32 33 0.03 28 140 421 4.83 2.14 483 120
LBAC286 33 34 0.03 28 169 397 4.96 2.39 400 129
LBAC286 34 35 0.18 30 166 160 4.94 2.78 374 147
LBAC286 37 38 0.05 29 117 463 5.03 2.46 383 116
LBAC287 12 16 0.05 49 181 406 5.18 1.5 241 144
LBAC287 16 20 0.03 39 146 422 4.31 1.22 423 105
LBAC303 18 19 0.01 1940 2610 221 17.7 2.05 20300 2880
LBAC304 20 21 0.01 554 1135 209 12 3.42 8630 1230
LBAC308 16 20 0.01 54 3920 316 27.5 0.21 474 805
LBAC308 20 24 0.01 53 3020 309 27 0.44 603 889
LBAC310 12 13 0.01 891 2970 356 14.65 5.18 5300 3200
LBAC310 13 14 0.01 578 2300 138 12.05 4.14 4960 2420
LBAC310 14 15 0.01 344 2530 141 16.15 3.87 4060 2400
LBAC310 15 16 0.01 449 2680 262 16.4 5.51 4720 2800
LBAC310 16 17 0.01 228 2970 263 17.55 5.86 3880 2520
LBAC310 17 18 0.01 433 2950 145 16.85 4.85 6360 2770
LBAC310 18 19 0.01 620 2350 222 15.3 5.54 8430 3010
LBAC310 19 22 0.02 419 1800 188 11.5 7.74 2770 2300
LBAC310 22 23 0.01 646 1735 155 11.15 8.15 5610 2360
LBAC347 13 14 0.01 263 1600 285 11.8 2.32 3800 2420
LBAC347 14 15 0.01 534 1200 176 24.9 2.62 5440 2800
LBAC371 8 11 0.02 415 3340 53 13.6 10 2030 5160
----- End of picture text -----

18

Table 3 - MHD45 – Significant Au, Cu and Ag Assays MHD45 – 616466E 7024279N Azi 90 Dip -90 (MGA94 Z50)

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

Hole ID From To **Aug/t ** Cu PPM Ag g/t Hole ID From To **Aug/t ** Cu PPM Ag g/t
MHD045 111.10 112.00 0.08 20.00 MHD045 176.00 177.00 0.02 860.00
MHD045 114.90 116.00 0.08 80.00 MHD045 177.00 178.00 0.04 800.00
MHD045 120.20 121.00 0.08 40.00 MHD045 178.00 179.00 0.18 4520.00
MHD045 121.00 122.00 0.30 600.00 MHD045 179.00 180.00 0.46 3680.00
MHD045 122.00 123.00 0.92 60.00 MHD045 180.00 181.00 0.04 820.00
MHD045 123.00 124.00 0.02 40.00 MHD045 181.00 182.00 0.32 4080.00
MHD045 124.00 125.00 0.12 200.00 MHD045 182.00 183.00 0.12 720.00
MHD045 125.00 126.00 0.76 560.00 MHD045 183.00 184.00 0.14 1240.00
MHD045 126.00 127.00 0.18 60.00 MHD045 184.00 185.00 0.06 740.00
MHD045 133.50 134.40 0.02 222.00 MHD045 185.00 186.00 0.28 1240.00
MHD045 134.40 135.10 0.04 122.00 MHD045 186.00 187.00 0.06 300.00
MHD045 135.10 136.10 0.04 34.00 MHD045 187.00 188.00 0.02 60.00
MHD045 136.10 137.10 0.06 170.00 MHD045 188.00 189.00 0.30 60.00
MHD045 137.10 138.00 0.04 100.00 MHD045 189.00 190.00 0.08 690.00
MHD045 138.00 139.00 0.22 568.00 0.80 MHD045 190.00 191.00 0.28 3500.00
MHD045 139.00 140.00 0.48 8640.00 12.60 MHD045 191.00 192.00 0.16 2680.00
MHD045 140.00 141.00 1.16 11700.00 18.80 MHD045 192.00 193.00 0.36 5660.00
MHD045 141.00 142.00 1.34 29600.00 34.40 MHD045 193.00 194.00 0.36 15700.00
MHD045 142.00 143.00 0.66 17700.00 24.00 MHD045 194.00 195.00 0.34 4680.00
MHD045 143.00 143.90 0.48 17700.00 16.40 MHD045 195.00 196.00 0.08 920.00
MHD045 143.90 145.00 0.02 584.00 0.60 MHD045 196.00 197.00 0.26 5080.00
MHD045 145.00 146.00 0.08 1530.00 0.20 MHD045 197.00 198.00 0.74 4260.00
MHD045 146.00 147.00 0.06 1130.00 0.80 MHD045 198.00 199.00 0.42 3100.00
MHD045 147.00 148.00 0.34 2260.00 1.40 MHD045 199.00 200.00 1.46 9020.00
MHD045 148.00 149.00 0.10 1190.00 3.00 MHD045 200.00 201.00 0.10 1300.00
MHD045 149.00 150.00 0.08 1240.00 1.80 MHD045 201.00 202.00 0.10 1000.00
MHD045 150.00 151.00 0.22 2830.00 5.60 MHD045 202.00 203.00 0.06 1140.00
MHD045 151.00 152.00 0.24 614.00 3.00 MHD045 203.00 204.00 1.32 11700.00
MHD045 152.00 153.00 0.14 1450.00 2.40 MHD045 204.00 205.00 0.34 5240.00
MHD045 153.50 154.50 0.10 1940.00 5.40 MHD045 205.00 206.00 0.36 11800.00
MHD045 154.50 155.50 1.46 9020.00 0.80 MHD045 206.00 207.00 0.14 2240.00
MHD045 155.50 156.10 0.32 1050.00 1.80 MHD045 207.00 208.00 0.14 3100.00
MHD045 156.10 157.00 0.18 2090.00 3.80 MHD045 208.00 209.00 0.16 3360.00
MHD045 157.00 158.00 0.02 1200.00 12.00 MHD045 209.00 210.00 0.02 320.00
MHD045 158.00 159.00 0.10 346.00 1.80 MHD045 210.00 211.00 0.04 1380.00
MHD045 159.00 160.00 0.06 1160.00 4.20 MHD045 211.00 212.00 0.12 2180.00
MHD045 160.00 161.00 0.10 1620.00 2.00 MHD045 212.00 213.00 0.10 920.00
MHD045 161.00 162.00 0.16 2470.00 0.80
MHD045 162.00 163.00 0.10 2170.00 1.80
MHD045 163.00 164.00 0.02 1430.00 3.20
MHD045 164.00 165.00 0.46 9530.00 4.80
MHD045 165.00 166.00 1.38 7380.00 4.40
MHD045 166.00 166.50 0.30 10600.00 3.00
MHD045 170.60 171.00 0.20 1960.00 12.60
MHD045 171.00 172.00 0.22 7380.00 8.20
MHD045 172.00 173.00 0.08 2080.00 17.40
MHD045 173.00 174.00 0.28 1080.00 0.20
MHD045 174.00 175.00 0.06 1320.00
MHD045 175.00 176.00 0.12 3900.00

19