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RUMBLE RESOURCES LIMITED Capital/Financing Update 2021

Nov 9, 2021

65736_rns_2021-11-09_71e46393-0611-4e84-876c-77f1d19efbad.pdf

Capital/Financing Update

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Wardawarra Project

Significant Nickel, Copper, Cobalt, Gold, Tantalum, Niobium, Tin and Lithium targets identified along strike from the Western Queen Project

Yinga Nickel-Copper-Cobalt Prospect

  • o Historic drilling has defined significant oxide Nickel, Copper and Cobalt at the Yinga Prospect 5km north of the Western Queen Gold Project. Intersections include:
    • 19.8m @ 0.88% Ni, 0.10% Co from 10.7m (PDH16)
      • o Including 9.1m @ 1.26% Ni from 19.8m
    • 50.3m @ 0.64% Ni from 10.7m (PDH11)
      • o Including 4.6m @ 1.00% Ni from 15.2m
    • 39.6m @ 0.63% Ni, 0.08% Co from surface (entire hole PDH05)
      • o Including 16.8m @ 0.81% Ni from 6.1m
    • 25.9m @ 0.69% Ni from 13.7m (PDH14)
    • 22.5m @ 0.69% Ni from 12.5m (DDH1 – part assayed)
    • 7.62m @ 0.19% Ni, 0.32% Cu from 44.2m (PDH01)
  • o Nickel mineralisation defined over 1.8km strike within three prospective ultramafic horizons with potential for further parallel zones east of the Yinga Prospect - Mineralisation is open along strike and down-dip.
  • o Historic drilling tested only the shallow oxide-transition zone highlighting significant potential for massive Nickel-Copper-Cobalt sulphides down dip/plunge and along strike
  • o No gold, platinum or palladium assays completed.

Tantalum-Niobium-Tin Pegmatite Field – Lithium Potential

  • o A series of fertile Ta-Nb-Sn pegmatites occur along the eastern margin of the Wardawarra Greenstone Belt within the Wardawarra Project. Only one pegmatite has been tested by historic drilling (Tantalus)
  • o The Tantalus Prospect is a large flat lying pegmatite over 600m in strike and up to 60m in width previously mined for alluvial tantalum, niobium and tin – Open along strike and down-dip.
  • o No Lithium, Rubidium, Caesium or Rare Earth Elements assays completed

Western Queen Shear Zone - East Trixie Gold Prospect

  • o 35km strike of largely untested Western Queen Shear Zone
  • o Historic gold in soil geochemistry and shallow drilling has highlighted a poorly tested north trending zone of gold anomalism some 5.5km south of the Western Queen Gold project (163,000oz @ 2.42 g/t Au Resource – 100% Rumble Resources). Shallow historical drill hole intersections include:
    • 4m @ 1.63 g/t Au from 21m (TX5)
    • 2m @ 1.64 g/t Au from 5m (TX6)

Rumble Resources Ltd

Level 1, 16 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 Peter Venn Non-executive Director

Mr Steven Wood Company Secretary

Rumble Resources Limited (ASX: RTR) ("Rumble" or "the Company") is pleased to advise that following a technical review of historic data of the recently granted tenement E20/967, part of the 100% owned Wardawarra Project (newly named), a significant number of Nickel, Copper, Cobalt, Gold, Tantalum, Niobium, Tin and Lithium targets have been delineated along strike from the Western Queen Gold Project. The project is located 100km northwest of Mt Magnet within the Murchison Goldfields of Western Australia.

Wardawarra Project Overview – 100% Rumble

Rumbles 100% owned Wardawarra Project consists of one (1) granted exploration license (E20/967) and one (1) exploration license application (ELA59/2443) for a total area of 213.3 km².

The Wardawarra Project is contiguous to the north and south of Rumbles 100% owned Western Queen Gold Project which consists of two (2) granted mining leases, M59/45 and M59/208, and has a JORC (2012) Mineral Resource Estimate (MRE) of 2.1Mt @ 2.42 g/t Au for 163,000oz. There are a number of operating gold processing facilities in close proximity of the Western Queen Gold Project (see image 1). The closest mill is Gascoyne Resources Limited's (ASX:GCY) Dalgaranga Mill (48km) which has a capacity of 2.5 Mtpa.

Image 1Location of the Wardawarra Project, Western Queen Gold Project and surrounding gold processing facilities

Wardawarra Project - Prospects and Targets within E20-967

The Wardawarra Project covers the Archaean Wardawarra Greenstone Belt which extends over 35km in length with an average width of 3km. The belt consists of two distinct geological groups separated by the regionally extensive north-south trending Wardawarra Shear Zone. The Western Group includes ultramafic extrusives (peridotite/dunite), intrusives (pyroxenite) with mafic intrusives (dolerite/gabbro) and minor mafic extrusives with volcaniclastics. The Eastern Group consists of dominant mafic volcanics with volcaniclastics and BIF. The Western Queen gold deposits are associated with the Western Queen Shear Zone which lies within the Western Group. Later dolerite and gabbro intrude both the Western and Eastern Groups, whilst pegmatites have intruded predominantly along the eastern margin of the greenstone belt.

Following a technical review of the Wardawarra Project, a significant number of historic multi-commodity prospects have been highlighted from open file and company reports whilst new targets have been delineated via geological, geophysical, and geochemical interpretation. See image 2 for prospect/target locations.

Image 2Wardawarra Project Geology & Prospect Plan – North and South of Western Queen Gold Project

Yinga Nickel-Copper-Cobalt Prospect

The Yinga Ni-Cu-Co Prospect lies approximately 5km to the north of the Western Queen Gold Project within the Wardawarra Greenstone Belt. Historic exploration (Yinga Exploration Pty Ltd), completed in 1972, discovered significant oxide nickel mineralisation over a strike of 1.8km associated with a series of nickel-copper soil anomalies (reported values to 1% Ni and 400ppm Cu) within three north trending ultramafic zones.

Percussion and diamond core drilling (12 percussion and 6 DD holes) with the 1.8km zone delineated strong nickel mineralisation associated with weathered ultramafics to a vertical depth >50m (see image 3). Cobalt is also associated with the nickel in the oxide (peak value 0.25% Co). Significant historic oxide drill intersections within the Yinga Prospect include:

  • 19.8m @ 0.88% Ni, 0.1% Co from 10.7m (PDH16)
    • o Including 9.1m @ 1.26% Ni from 19.8m
  • 50.3m @ 0.64% Ni from 10.7m (PDH11)
    • o Including 4.6m @ 1% Ni from 15.2m
  • 39.6m @ 0.63% Ni, 0.08% Co from surface (entire hole PDH05)
    • o Including 16.8m @ 0.81% Ni from 6.1m
  • 25.9m @ 0.69% Ni from 13.7m (PDH14)
  • 22.5m @ 0.69% Ni from 12.5m (DDH1 part assayed)
  • 18.3m @ 0.63% Ni from 4.6m (PDH15)

Image 3 – Location of Yinga Prospect and Environs over Airborne Magnetics (RTP1VD)

The nickel mineralisation is hosted in weathered dunite and peridotite (with zones of serpentinization). The dominant oxide nickel mineral is garnierite. Three partially assayed diamond core holes, DDH01-03 (see image 4), designed to test the primary zone, were drilled to the east and subsequently intersected a broad zone of footwall tremolite after pyroxenite below the prospective dunite/peridotite. Historic petrography has described millerite (secondary nickel sulphide – in transition zone – replaces pentlandite after serpentinization) and pentlandite (minor pyrrhotite rimming after serpentinization).

The Yinga Prospect stacked section YY (image 4) highlights strong nickel continuity within the oxidised peridotite and dunite with a number of holes ending in strong nickel anomalism towards the east. The ultramafic units are strongly deformed and folded (isoclinal folding). Low angle (east dipping) contact zones have been observed elsewhere (Cranes Au Prospect – see image 2) and it is inferred the contact between the footwall pyroxenite and hanging wall peridotite/dunite is open to the east and the primary zone has potential for significant Ni–Cu–Co sulphide mineralisation.

Ni-Cu-Co mineralisation remains open to the east, along strike, and at depth at the Yinga Prospect.

At the southern end of the Yinga Prospect, elevated copper is associated with nickel in PDH01, which returned 7.62m @ 0.19% Ni, 0.32% Cu from 44.2m, (see image 3 for location). The mineralisation in hole PDH01 was proximal to an ultramafic/diorite contact.

Image 4 – Yinga Ni-Cu-Co Prospect – Stacked Drill Hole Section YY

Tantalum-Niobum-Tin Pegmatite Field – Lithium Potential

Historical artisanal mining and exploration has highlighted a series of fertile Ta-Nb-Sn pegmatite intrusives within mafic, ultramafic and mixed greenstone/granite zones, principally along the eastern margin of the Wardawarra Greenstone Belt. Only one pegmatite, the Tantalus Ta-Nb-Sn Prospect (Image 2), was tested by drilling. No historic assaying has been reported from the remaining pegmatites where artisanal mining focused on beryl, emerald and amazon stone**.**

Tantalus Tantalum-Niobum-Tin Prospect (see image 2 and 5) – Lithium Potential

Alluvial mining focused on particulate tantalite, columbite and tin (Ta, Nb, Sn) located in soils over deeply weathered and lateritised pegmatite at the Tantalus Prospect. Historic production is unknown. Within the alluvium and colluvium above the pegmatite, two grain size populations were noted. Fine grain (generally <1mm) microlite (Ta mineral) and black columbite/tantalite and coarse grain (<25mm) manganese rich columbite/tantalite. Tin occurred as fine grain cassiterite (accessory mineral).

A partly exposed, flat east dipping pegmatite some 600m in strike and up to 60m in thickness was tested by RC drilling for Ta-Nb mineralisation by Australasian Gold Mines (AGM) in 2000 (26 RC drillholes for 1071m). Part assays of the pegmatite returned up to 570 ppm Ta2O5 and 240 ppm Nb2O5 within narrow (1m) zones. Overall, the pegmatite bulked out to low Ta-Nb grades, indicative of the disseminated fine grain microlite, columbite and tantalite. Only Ta and Nb assaying was completed.

No lithium, caesium, rubidium, or rare earth element assaying was completed at Tantalus.

The Tantalus pegmatite is comprised of quartz microcline albite muscovite and exhibited zonation with quartz core sections. Other minerals include petalite (Li mineral) and beryl. The pegmatite is open along strike and down-dip. The Tantalus pegmatite intrudes ultramafic extrusive and intrusive rock types. (refer to image 5)

Image 5 – Location Plan of the Tantalus Ta-Nb-Sn Prospect over RGB

Western Queen Shear Zone Gold Targets (Image 2)

The Wardawarra Project hosts the inferred north and south strike extent of the highly mineralised Western Queen Shear Zone (WQSZ) which is over 35km in strike. Within the Western Queen Gold Project, the WQSZ hosted a series of high-grade gold zones including two mined deposits with combined historic production of 880,000t @ 7.6 g/t Au for 215,000oz. Rumble recently announced an upgraded JORC (2012) MRE of 2.1Mt @ 2.42 g/t Au for 163,000oz. See announcement 2 nd August 2021 (ASX-RTR Western Queen Resource Upgrade to 163,000oz Au).

Western Queen Gold Deposit Strike Extension

Within M59/208 and into E20/967, Rumble considers there is strong potential to add to the known resources. Image 2 highlights the north and south inferred extensions of the Western Queen Shear Zone that have not been drill tested.

Inferred southern extension

• The Western Queen Shear Zone is inferred to extend into the Wardawarra Project (E20/967) under 10 – 15m of cover approximately 1.5km south of the Western Queen South Pit. No drilling has tested the zone.

Inferred northern extension

• The Western Queen Shear Zone is inferred to extend under cover 1km north of the Western Queen Central Pit within M59/208 and into the Wardawarra Project (E20/967). No drilling has tested the zone.

East Trixie Gold Prospect (see image 6)

The inferred southern extension of the mineralised Western Queen Shear Zone is interpreted to be associated with a series of historic gold prospects collectively known as East Trixie. The East Trixie Prospect is 5km south of the Western Queen Gold Project. Shallow RC drilling by Yinnex in 1986 focused on testing immediately below a series of historic north trending gold workings at East Trixie (also known as Wardawarra Gold Prospect). Seven (7) shallow holes delineated gold mineralisation associated with a north trending shear zone in altered quartz veined amphibolite after dolerite/gabbro and basalt of the Wardawarra Greenstone Belt. Results include:

4m @ 1.63 g/t Au from 21m (TX5) and 2m @ 1.64 g/t Au from 5m (TX6)

Image 6 – East Trixie Au Prospect – Au in Soil Geochemistry and Prospectivity

Lag (soil) sampling conducted by Western Mining Company (WMC) between 1990-1991 highlighted a north trending Au–Cu –Bi anomaly over East Trixie. Gold in soils occur over a 1km strike, with a maximum reported value of 168ppb Au. Peak copper is 465ppm Cu and bismuth to 14.1 ppm Bi. WMC completed two drill holes into the zone of historic workings with hole WQJC232 returning 2m @ 1 g/t Au and 1.2% Cu from 93m. South of East Trixie, the Western Queen Shear Zone is interpreted to extend under cover and remains open.

Proposed Exploration – Next Steps

Yinga Nickel-Copper-Cobalt Prospect

  • The 1.8km long Yinga Prospect has significant potential for massive Ni-Cu-Co sulphides down dip/plunge and along strike.
  • Proposed exploration over next 6 months.
    • o AC drilling along the 1.8km of mineralised strike already delineated by historic exploration
    • o Moving loop transient electromagnetic (MLTEM) survey over the main zone
    • o RC/Diamond drilling of high priority targets (conductors).

Tantalus Tantalum-Niobum-Tin Prospect – Lithium Potential

  • RC drilling over main pegmatite
    • o Ascertain litho-geochemistry and zonation
    • o Test for deeper sub-parallel pegmatites below the current flat east dipping zone

Western Queen Shear Zone Extension – Gold Prospects

• Aircore drilling to test the strike potential of the newly interpreted Western Queen Shear Zone within M59/208 and the recently granted E20/967

Authorisation

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

-Ends-

For further information visit rumbleresources.com.au or contact [email protected].

About Rumble Resources Ltd

Rumble Resources Ltd is an Australian based exploration company, officially admitted to the ASX on the 1st July 2011. Rumble was established with the aim of adding significant value to its current 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 and Exploration Targets is based on and fairly represents 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.

Previously Reported Information

The information in this report that references previously reported exploration results is extracted from the Company's ASX market announcements released on the date noted in the body of the text where that reference appears. The previous market announcements are available to view on the Company's website or on the ASX website (www.asx.com.au).

The Company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcements. The Company confirms that the form and context in which the Competent Person's findings are presented have not been materially modified from the original market announcements.

Disclaimer

This report contains certain forward-looking statements and forecasts, including possible or assumed reserves and resources, production levels and rates, costs, prices, future performance or potential growth of Rumble Resources Ltd, industry growth or other trend projections. Such statements are not a guarantee of future performance and involve unknown risks and uncertainties, as well as other factors which are beyond the control of Rumble Resources Ltd. Actual results and developments may differ materially from those expressed or implied by these forward looking statements depending on a variety of factors. Nothing in this report should be construed as either an offer to sell or a solicitation of an offer to buy or sell securities. This document has been prepared in accordance with the requirements of Australian securities laws, which may differ from the requirements of United States and other country securities laws. Unless otherwise indicated, all ore reserve and mineral resource estimates included or incorporated by reference in this document have been, and will be, prepared in accordance with the JORC classification system of the Australasian Institute of Mining, and Metallurgy and Australian Institute of Geoscientists.

Hole ID E GDA N GDA Azi Dip Depth (m) From (m) Interval (m) Ni % Cu % Co % Geology
PDH01 512993 6959635 270 -60 53.4 0 16.8 0.32 Ultramafic and Diorite
and 44.2 7.62 0.19 0.32
PDH04 513439 6961037 90 -60 39.6 7.62 32 0.33 Ultramafic
PDH05 513444 6961098 90 -60 39.6 0 39.6 0.63 0.08 Ultramafic
inc 6.1 16.8 0.81
PDH06 513639 6961372 270 -60 25.9 Ultramafic
PDH07 513703 6961463 65 -65 22.7 1.5 21.3 0.39 Ultramafic
PDH11 513427 6960975 90 -60 61 10.7 50.3 0.64 Ultramafic
inc 15.2 4.6 1
PDH12 513459 6961098 90 -60 27.4 4.6 22.9 0.33 Ultramafic
PDH13 512992 6959635 90 -60 39.6 0 39.5 0.35 Ultramafic
PDH14 513414 6960975 90 -60 39.6 13.7 25.9 0.69 Ultramafic
PDH15 513405 6960975 0 0 24.4 4.6 18.3 0.63 Ultramafic
PDH16 513424 6961037 90 -60 30.5 10.7 19.8 0.88 0.1 Ultramafic
inc 19.8 9.1 1.26
PDH18 513627 6961372 90 -60 15.2 Ultramafic
DDH01 513417 6961037 90 -60 230 12.5 22.5 0.69 Ultramafic
DDH02 513391 6961037 90 -65 108 12.2 10.7 0.27 Ultramafic
DDH03 513428 6961098 90 -65 243.9 26.2 12.8 0.45 Ultramafic
DDH04 512978 6958355 90 -60 106.7 Ultramafic - Granite - 96m
DDH05 513852 6959513 90 -60 90.85 Granite - Ultramafic - 88m
DDH6A 512973 6959635 270 -60 83.8 Silicified Serpentinite

Table 1. Yinga Prospect - Historic Drill Hole Locations and Intersections (GDA94 Z50)

Table 2. East Trixie Prospect – Historic Drill Hole Locations and Intersections (GDA94 Z50)

Hole ID E N Azi Dip Depth From Width Au g/t Cu % Other
TX1 511468 6949092 100 -60 16 0 3 0.21
TX2 511449 6949095 100 -60 27 5 2 0.14
TX3 511485 6949090 280 -60 15 0 1 1.33
TX4 511371 6948733 235 -60 16 9 1 0.46 Partial assays
TX5 511379 6948722 235 -60 27 21 4 1.64 Partial assays
TX6 511329 6948681 270 -60 18 5 2 1.63 Partial assays
TX7 511329 6948666 270 -60 18 10 2 0.2 Partial assays
WQJC232 511431 6949091 90 -60 100 92 2 1 1.20%

Table 3. Open File Reports and References

Year A Report Title
1972 A 4219 Yinga Exploration Report – Geological Report Wardawarra Project WA 1972
1986 A 20443 Conditional Surrender Report – Wardawarra P59/58 Yinnex NL
1991 A 35526 Western Mining Company – E59/87, E59/342, M59/45, M59/50, M59/207 and M59/2087th Feb 1990 – 30 June 1991
2000 A 61245 Dalgaranga Tantalum Project – Annual Report fo M59/106 and M59/131 - Period endingSept 2000

Section 1 Sampling Techniques and Data

Criteria JORC Code explanation Commentary
Samplingtechniques •Nature and quality of sampling (e.g. cut channels, randomchips, or specific specialised industry standard measurementtools appropriate to the minerals under investigation, such asdown hole gamma sondes, or handheld XRF instruments,etc.). These examples should not be taken as limiting thebroad meaning of sampling.•Include reference to measures taken to ensure samplerepresentivity and the appropriate calibration of anymeasurement tools or systems used.•Aspects of the determination of mineralisation that areMaterial to the Public Report.•In cases where 'industry standard' work has been done thiswould be relatively simple (e.g. 'reverse circulation drillingwas used to obtain 1 m samples from which 3 kg waspulverised to produce a 30 g charge for fire assay'). In othercases more explanation may be required, such as wherethere is coarse gold that has inherent sampling problems.Unusual commodities or mineralisation types (e.g. submarinenodules) may warrant disclosure of detailed information. •Historic drill hole sampling –nature and quality of samplingnot reported.•Yinga Ni Cu Co Prospect –samples collected on 5 feetintervals and assayed for Ni CuMn and Co. Analytical methodnot reported, however, intralabchecks at the time (1972)showed the original assayvalues (presented in thisannouncement) may have beenunder reported by 20%.
Drillingtechniques •Drill type (e.g. core, reverse circulation, open-hole hammer,rotary air blast, auger, Bangka, sonic, etc.) and details (e.g.core diameter, triple or standard tube, depth of diamond tails,face-sampling bit or other type, whether core is oriented andif so, by what method, etc.) •Yinga Ni Cu Co Prospect – Drilltype include Foxmobile rotarypercussion rig and DiamondCore Drilling (BQ). DD notorientated.•East Trixie Au Prospect utilisedRC (cross over sub) drilling.
Drill samplerecovery •Method of recording and assessing core and chip samplerecoveries and results assessed.•Measures taken to maximise sample recovery and ensurerepresentative nature of the samples.•Whether a relationship exists between sample recovery andgrade and whether sample bias may have occurred due topreferential loss/gain of fine/coarse material. •Historic Drilling – Recovery notreported (unknown)
Logging •Whether core and chip samples have been geologically andgeotechnically logged to a level of detail to supportappropriate Mineral Resource estimation, mining studies andmetallurgical studies.•Whether logging is qualitative or quantitative in nature. Core(or costean, channel, etc.) photography.•The total length and percentage of the relevant intersectionslogged. •Historic drilling – Hard copylogging indicated interval byinterval Yinga – 5 feet intervalsEast Trixie 1m intervalsgeological logging.
Subsamplingtechniquesand samplepreparation •If core, whether cut or sawn and whether quarter, half or allcore taken.•If non-core, whether riffled, tube sampled, rotary split, etc.and whether sampled wet or dry.•For all sample types, the nature, quality and appropriatenessof the sample preparation technique.•Quality control procedures adopted for all sub-samplingstages to maximise representivity of samples.•Measures taken to ensure that the sampling is representativeof the in situ material collected, including for instance resultsfor field duplicate/second-half sampling.• Whether sample sizes are appropriate to the grain size of thematerial being sampled. •Historic Drilling - Unknown
Qualityofassay dataandlaboratorytests •The nature, quality and appropriateness of the assaying andlaboratory procedures used and whether the technique isconsidered partial or total.•For geophysical tools, spectrometers, handheld XRFinstruments, etc., the parameters used in determining theanalysis including instrument make and model, readingtimes, calibrations factors applied and their derivation, etc.•Nature of quality control procedures adopted (e.g. standards, •Historic Drilling - QA/QCprotocol unknown (not reported)
Criteria JORC Code explanation Commentary
blanks, duplicates, external laboratory checks) and whetheracceptable levels of accuracy (i.e. lack of bias) and precisionhave been established.
Verification•of samplingand•assaying•• The verification of significant intersections by eitherindependent or alternative company personnel.The use of twinned holes.Documentation of primary data, data entry procedures, dataverification, data storage (physical and electronic) protocols.Discuss any adjustment to assay data. •No twinning was completed.Drilling data documented ashard copy from Open Filereview.
Location of•data points•• Accuracy and quality of surveys used to locate drill holes(collar and down-hole surveys), trenches, mine workings andother locations used in Mineral Resource estimation.Specification of the grid system used.Quality and adequacy of topographic control. •Yinga Ni Cu Co Prospect – Sitevisit picked up a number ofhistoric drill hole collars(registered into GDA94).Transformation from local gridinto GDA94. Survey control byhandheld GPS.•East Trixie Au Prospect – sitevisit picked up drill hole collars.Survey control by GPS intoGDA94.
Data•spacing and•distribution• Data spacing for reporting of Exploration Results.Whether the data spacing and distribution is sufficient toestablish the degree of geological and grade continuityappropriate for the Mineral Resource and Ore Reserveestimation procedure(s) and classifications applied.Whether sample compositing has been applied. •Yinga Ni Cu Co Prospect – 3sections were completed onmain zone – 60m apart – Closespaced – strong continuity ofgrade.•East Trixie Au Prospect –Minimal RC drilling completed –reconnaissance drilling only.
Orientation•ofdatainrelationtogeological•structure Whether the orientation of sampling achieves unbiasedsampling of possible structures and the extent to which this isknown, considering the deposit type.If the relationship between the drilling orientation and theorientation of key mineralised structures is considered tohave introduced a sampling bias, this should be assessedand reported if material. •Regional and local geologicalmapping defined the localfoliation and dip of lithology andmineralisation (small artisanalworkings in the case of EastTrixie)
Sample•security The measures taken to ensure sample security. •Unknown
Auditsor•reviews The results of any audits or reviews of sampling techniquesand data. •Unknown

Section 2 Reporting of Exploration Results

Criteria JORC Code explanation Commentary
Mineraltenement andlandtenurestatus •Type, reference name/number, location andownership including agreements or materialissues with third parties such as joint ventures,partnerships, overriding royalties, native titleinterests, historical sites, wilderness or nationalpark and environmental settings.•The security of the tenure held at the time ofreporting along with any known impediments toobtaining a licence to operate in the area. •The Western Queen Project comprisesof two mining leases (M59/45 andM59/208) and one exploration license -E20/967 and one exploration licenseapplication - E59/2443.•Rumble has acquired 100% of theproject.•The granted licenses are in goodstanding and have no knownimpediments.
Explorationdone by otherparties •Acknowledgment and appraisal of exploration byother parties. •Open File Research and Review fromOpen File – see Table 3.
Geology •Deposit type, geological setting and style ofmineralisation. •Magmatic Ni-Cu-Co sulphides•Oxide (laterite) Ni-Co deposits•Ta – Nb – Sn – Be – (Li) pegmatitedeposits•Orogenic shear zone related golddeposits.
DrillholeInformation •A summary of all information material to theunderstanding of the exploration results includinga tabulation of the following information for allMaterial drill holes:oeasting and northing of the drill hole collaroelevation or RL (Reduced Level – elevationabove sea level in metres) of the drill holecollarodip and azimuth of the holeodown hole length and interception depthohole length.•If the exclusion of this information is justified onthe basis that the information is not Material andthis exclusion does not detract from theunderstanding of the report, the CompetentPerson should clearly explain why this is the case. •Yinga Ni Cu Co Prospect – see Table 1for survey and significant assayintersections•East Trixie Au Prospect – see Table 2for survey and significant assayintersections.
Dataaggregationmethods •In reporting Exploration Results, weightingaveraging techniques, maximum and/or minimumgrade truncations (e.g. cutting of high grades) andcut-off grades are usually Material and should bestated.•Where aggregate intercepts incorporate shortlengths of high grade results and longer lengths oflow grade results, the procedure used for suchaggregation should be stated and some typicalexamples of such aggregations should be shownin detail.•The assumptions used for any reporting of metalequivalent values should be clearly stated. •Not applicable – historic drill hole data –sampling methodology not reported.
Relationshipbetweenmineralisationwidthsandinterceptlengths •These relationships are particularly important inthe reporting of Exploration Results.•If the geometry of the mineralisation with respectto the drill hole angle is known, its nature shouldbe reported.•If it is not known and only the down hole lengthsare reported, there should be a clear statement tothis effect (e.g. 'down hole length, true width notknown'). •Historic exploration included geologicalobservations indicating the drillingtargeted the best geometry for testingmineralization. Intersections reportedare considered down hole length andtherefore does not represent true widthof mineralization.

Criteria JORC Code explanation Commentary
Diagrams •Appropriate maps and sections (with scales) andtabulations of intercepts should be included for anysignificant discovery being reported These shouldinclude, but not be limited to a plan view of drill holecollar locations and appropriate sectional views. •Image 1 - Location of the WardawarraProject and Western Queen Gold Project•Image 2 - Geology and Prospect Plan –North and South of Western QueenGold Project
•Image 3 - Location of Yinga Prospectand Environs over Airborne Magnetics(RTP1VD)
•Image 4 - Yinga Ni Cu Co Prospect –Stacked Drill Hole Section YY
•Image 5 - Location Plan of the TantalusTa Nb Sn Prospect over RGB•Image 6 - East Trixie Au Prospect – Au inSoil Geochemistry and Prospectivity
Balancedreporting •Where comprehensive reporting of all ExplorationResults is not practicable, representative reportingof both low and high grades and/or widths shouldbe practiced to avoid misleading reporting ofExploration Results. •Historic grades are available in hardcopy from Open File reports – Table 3.
Othersubstantiveexplorationdata •Other exploration data, if meaningful and material,should be reported including (but not limited to):geological observations; geophysical surveyresults; geochemical survey results; bulk samples– size and method of treatment; metallurgical testresults; bulk density, groundwater, geotechnicaland rock characteristics; potential deleterious orcontaminating substances. •Not applicable, all meaningful andmaterial exploration data included.
Further work •The nature and scale of planned further work (e.g.tests for lateral extensions or depth extensions orlarge-scale step-out drilling).•Diagrams clearly highlighting the areas of possibleextensions, including the main geologicalinterpretations and future drilling areas, providedthis information is not commercially sensitive. •Image 2 highlights the areas of interest.Proposed work includes.oMLTEM surveyoRC drilling to test potentialconductors defined by theMLTEM surveyoAC drilling testing inferredregional gold trendsoRC drilling testing below theTantalus pegmatite – potentiallydefining other prospectivepegmatites.