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RUMBLE RESOURCES LIMITED Capital/Financing Update 2022

Aug 29, 2022

65736_rns_2022-08-29_eb6c4bb0-b62e-4d09-9c24-57d3d52fa7fc.pdf

Capital/Financing Update

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30th August 2022

High grade drill intercepts at Tonka extend Colorado Fault Zone to over 2.5km

Tonka Prospect – High Grade Colorado Fault Zone

  • RC drilling increases the High-Grade Colorado Fault Zone by 100% to over 2.5km
  • The Fault Zone remains open with an 8+ % Zn-Pb zone now defined over 2km
  • The mineralisation is zinc sulphide dominant with ratios up to 10:1 Zn:Pb
  • Latest RC drill hole intersections include:
  • 25m @ 5.69% Zn + Pb from 215m (EHRC548)
    • o including 12m @ 9.72% Zn + Pb from 216m
    • o and a higher-grade zone returning 5m @ 14.14% Zn + Pb from 216m
  • 13m @ 4.64% Zn + Pb from 208 to EOH (EHRC544)
    • o including 4m @ 11.46% Zn + Pb from 215m
    • o plus a shallow intercept of 3m @ 5.17% Zn + Pb from 22m
  • 12m @ 2.55% Zn + Pb from 208m to EOH (EHRC547)
    • o The hole ended in high-grade mineralisation
    • 2m @ 8.20% Zn + Pb from 218m to EOH
  • 11m @ 4.96% Zn+Pb from 138m (EHRC 506)
    • o including 8m @ 5.95% Zn + Pb from 139m
  • 20m @2.54% Zn+Pb from 179m (EHRC 536)
    • o including 5m @ 6.42% Zn + Pb from 179m
  • 5m @ 5.75% Zn + Pb from 196m (EHRC541)

Tonka Prospect - Magazine Fault Zone

  • Drilling results and pending assays supported by pXRF highlight potential strong Zn-Pb mineralisation
  • Fault Zone remains open to the east with room to significantly expand
  • Results from the easternmost drill hole (EHRC499) returned:
  • 8m @ 4.00% Zn + Pb from 156m (EHRC499)

Navajoh Prospect

  • A single drill hole 1.3km's southeast of the main Navajoh Prospect testing a preliminary gravity target intercepted high-grade mineralisation
  • 5m @ 2.74% Zn + Pb from 151m (EHRC487) o inc 1m @ 11.03% Zn + Pb from 153m
  • The intersection is a potential new east-west mineralised fault zone that remains open in all directions

Tonka - Navajoh Prospect – Control of High-Grade Structures

  • Interpretation of the preliminary Airborne Gravity Gradiometric (AGG) data has highlighted the high-grade fault zones as potentially a series of stacked eastwest mineralising structures
  • Multiple new targets are being generated from the preliminary data showcasing potential for new fault zones yet to be drill tested within and outside the 8km x 2km Tonka-Navajoh Prospect

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 Matthew Banks Non-executive Director

Mr Michael Smith Non-executive Director

Mr Geoff Jones Non-executive Director

Mr Peter Venn Non-executive Director

Mr Brett Keillor Head of Technical

Mr Steven Wood Company Secretary

Rumble Resources Limited (ASX: RTR) ("Rumble" or "the Company") is pleased to announce the latest round of RC drilling results from the Tonka-Navajoh Prospect at the Earaheedy Project, located 140km northeast of Wiluna, Western Australia.

RC Drilling Results – Tonka-Navajoh Prospect

As part of the ongoing RC drilling program on the Earaheedy Project, the results for sixty-two (62) drill holes have been returned for the Tonka-Navajoh Prospect. The drilling involved further defining and extending the new Colorado Fault Zone on broad 200m section spacing. Several traverses scoped a number of earlier ground gravity targets between the main Tonka and Navajoh zones targeting new fault zones.

Colorado Fault Zone (Tonka Prospect)

The Colorado Fault Zone mineralisation has been extended by 100% to a strike in excess of 2.5km (east-west trending) and is open to the east (see image 1). The latest intersections include:

  • 25m @ 5.69% Zn + Pb from 215m (EHRC548)
  • o including 12m @ 9.72% Zn + Pb from 216m
  • o and a higher grade zone returning 5m @ 14.14% Zn + Pb from 216m
  • 13m @ 4.64% Zn + Pb from 208 to EOH (EHRC544)
  • o including 4m @ 11.46% Zn + Pb from 215m
  • o plus a shallow intercept of 3m @ 5.17% Zn + Pb from 22m
  • 12m @ 2.55% Zn + Pb from 208m to EOH (EHRC547)
  • o The hole ended in high-grade mineralisation ie.
    • 2m @ 8.20% Zn + Pb from 218m to EOH
  • 11m @ 4.96% Zn+Pb from 138m (EHRC 506) o including 8m @ 5.95% Zn + Pb from 139m
  • 20m @2.54% Zn+Pb from 179m (EHRC 536) o including 5m @ 6.42% Zn + Pb from 179m
  • 5m @ 5.75% Zn + Pb from 196m (EHRC541)
  • 10m @ 3.43% Zn + Pb from 110m (EHRC516a)

Rumble previously reported the discovery of the Colorado Fault Zone (ASX Announcement - 26th May 2022 – Multiple New High-Grade Zn-Pb Zones Defined at Earaheedy) outlining significant widths of mineralisation and high-grade internal zones. The new intercepts compliment previously reported high-grade intercepts on the Colorado Fault Zone which include:

  • 73m @ 3.07% Zn + Pb (2.75% Zn, 0.32% Pb) from 106m (EHRC515)
  • o Including 13m @ 5.38% Zn + Pb (4.87% Zn, 0.51% Pb) from 108m
    • o with 6m @ 6.70% Zn + Pb (6.13% Zn, 0.57% Pb) from 108m
  • o Including 19m @ 3.48% Zn + Pb (3.08% Zn, 0.35% Pb) from 132m
    • o with 7m @ 4.50% Zn + Pb (4.03% Zn, 0.47% Pb) from 136m
  • o Including 9m @ 3.56% Zn + Pb (3.18% Zn, 0.38% Pb) from 162m
    • o with 2m @ 8.17% Zn + Pb (7.49% Zn, 0.68% Pb) from 162m
  • 7m @ 10.71% Zn + Pb (8.52% Zn, 2.19% Pb) from 137m (EHRC518)
  • o Including 3m @ 19.93% Zn + Pb from 138m
  • 22m @ 4.27% Zn + Pb from 110m (EHRC399) o Including 11m @ 5.82% Zn + Pb, from 121m
  • 20m @ 4.27% Zn + Pb from 112m (EHRC398)
  • o Including 8m @ 6.75% Zn + Pb, from 117m

Image 1 – Tonka Navajoh Prospects – Drill Hole Location Plan highlighting the Colorado and Magazine Fault Zones with Significant Intersections and Maximum Zn + Pb Contouring

Of significance, on the PP Section (see Image 2), both EHRC544 and EHRC547 ended in mineralisation, with EHRC547 ending in high grade mineralisation – 2m @ 8.20% Zn + Pb (see image 2). Further drilling will be planned to define the limits to this high grade mineralisation.

Image 2 – Colorado Fault Zone Section PP – Drillhole Intersections and Geology

Mineralisation is hosted primarily in a laterally extensive flat lying altered marl unit, which is associated with the Navajoh Unconformity. The Navajoh Unconformity Unit (multi-facies sediments that lie above the unconformity) that also hosts the Chinook mineralisation, appears to have thinned along the Colorado Fault Zone and in places is absent. In these areas, sphalerite dominant zones have developed within the Navajoh Dolomite which lies immediately below the unconformity. The Zn:Pb ratios are up to 10:1, which is significantly higher than the Chinook Zn-Pb-Ag-Cu mineralisation that lies some 9km to the northwest.

Immediately to the north and potentially south of the main Colorado Fault Zone, sub-parallel strongly mineralised eastwest structures support the potential for further new en-echelon high grade Zn-Pb zones to be delineated.

Magazine Fault Zone (Tonka Prospect)

The Magazine Fault Zone lies 600m south of the Colorado Fault Zone and is now interpreted to trend east-west (see image 1). Recent drilling results and pending holes supported by pXRF analyses highlight potential strong Zn dominant mineralisation that remains open along strike (see Image 1). The easternmost hole (EHRC499) returned:

  • 8m @ 4.00% Zn + Pb (3.71% Zn, 0.29% Pb) from 151m with narrow higher-grade zones of
  • o 1m @ 8.14% Zn + Pb from 156m and 1m @ 8.37% Zn + Pb from 162m

Navajoh Prospect

A single RC reconnaissance drillhole, 1.3km's southeast of the Navajoh Prospect, testing a gravity target has also returned strong Zn dominant mineralisation (see image 1):

• 5m @ 2.74% Zn + Pb (2.66%Zn, 0.08% Pb) from 151m (EHRC487) o inc 1m @ 11.03% Zn + Pb (10.85% Zn, 0.18% Pb) from 153m

This new intercept has been interpreted as a new east-west mineralised fault zone which is open in all directions and remains to be drill tested.

Tonka – Navajoh Structural Controls on Mineralisation

Emerging from the ongoing drill results and re-interpretation of the mineralisation trends with the aid of the recent preliminary results from the Airborne Gravity Gradiometry survey over the Tonka-Navajoh area is the inferred association of northeast trending and east-west mineralising structures.

The latest interpretation suggests the east-west mineralised structures were the original fault zones associated with sets of extension/normal faults that lie primarily below the Navajoh Unconformity. The northeast structures were the likely link faults. Later tectonics (not necessarily associated with mineralisation) has subsequently overprinted the east-west fault zones (reverse faults).

Next Steps at the Tonka-Navajoh Prospect

  • A further 38 RC and diamond holes from the recent campaign at Tonka- Navajoh, which were planned to infill and extend the Colorado and Magazine Fault Zones remain to be reported
  • Early interpretation of the preliminary Airborne Gravity Gradiometric (AGG) data has highlighted the Fault Zones as potentially a series of stacked high grade east-west mineralising structures within the extensive broad mineralised envelope (8km x 2km) at Tonka -Navajoh. Multiple new targets are being generated from this preliminary data and the Company is currently planning further RC/DDH drilling to test these areas in the near term.
  • Sighter metallurgical test work to develop a preliminary flowsheet for the sulphide flotation concentrate is progressing well.
  • An independent technical study to determine the optimum drill spacing for a maiden resource has commenced.

About the Earaheedy Project

The Earaheedy Project is located approximately 110km northeast of Wiluna, Western Australia. Rumble owns 75% of E69/3464 and Zenith Minerals Ltd (ASX: ZNC) owns 25%. Rumble has two contiguous exploration licenses, EL69/3787 and EL69/3862 that is held 100% RTR.

Since the major Zn-Pb-Ag-Cu discovery in April 2021, scoping and broad spaced infill drilling has rapidly uncovered an emerging world class scale Zn-Pb-Ag-Cu base metal system, with smart geology and drilling continuing to make new discoveries and highlight multiple large-scale targets. Less than 15% of the combined strike of the fertile lithological units within this potential Tier 1 Project have been drill tested, which includes a further 23km of the untested and open Navajoh Unconformity Unit.

Image 3 - Earaheedy Project – Prospectivity Map highlighting Tonka-Navajoh Prospect location

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].

Previous Drill Results

Drill hole results are ongoing and previous assays have been reported in earlier ASX announcements.

  • ASX Release 23/8/2019 14 High Priority Targets and New Mineralisation Style
  • ASX Release 23/1/2020 Large Scale Zn-Pb-Ag Discoveries at Earaheedy
  • ASX Release 19/4/2021 Major Zinc-Lead Discovery at Earaheedy Project, Western Australia
  • ASX Release 2/6/2021 Large Scale Zinc-Lead-Silver SEDEX Style System Emerging at Earaheedy
  • ASX Release 8/7/2021 Broad Spaced Scout Drilling Has Significantly Increased the Zn-Pb-Ag-Mn footprint at Earaheedy
  • ASX Release 23/8/2021 Earaheedy Zn-Pb-Ag-Mn Project Exploration Update
  • ASX Release 13/12/2021 New Zinc-Lead-Silver Discovery at Earaheedy Project
  • ASX Release 21/12/2021 Major Zinc-Lead-Silver-Copper Fault Fault Intersected
  • ASX Release 20/1/2022 Two Key Tenements Granted at Earaheedy Zn-Pb-Ag-Cu Project
  • ASX Release 31/1/2022 Shallow High-Grade Zn-Pb Sulphides Intersected at Earaheedy
  • ASX Release 21/2/2022 Further High-Grade Zn-Pb Results and Strong Grade Continuity
  • ASX Release 9/3/2022 Major Expansion of Zn Pb Mineralised Footprint at Earaheedy
  • ASX Release 26/5/2022 Multiple New High-Grade Zn-Pb Zones defined at Earaheedy
  • ASX Release 18/7/2022 Heritage Clearance Confirmed- Sweetwater drilling Commenced
  • ASX Release 23/8/2022 Significant Zones of Zn-Pb Sulphides Intersected

About Rumble Resources Ltd

Rumble Resources is an ASX listed Exploration and Development Company (ASX: RTR) focussed on rapidly advancing the Tier 1 potential Zinc-Lead-Silver-Copper Discovery at the Earaheedy Project in Western Australia.

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.

Table 1 Drill Hole Surveys with Significant Intersections with Assays

Hole ID E MGA N MGA Depth (m) Dip Azi From (m) To (m) Width (m) 0.5% Zn +Pb 2% Zn + Pb 4% Zn + Pb 6% Zn + Pb Ag g/t S % Zn % Pb % Other
EHRC487 265784 7157573 200 -90 0 151 156 5 2.74 1 2.33 2.66 0.08
inc 153 154 1 11.03 3 7.84 10.85 0.18
and 173 177 4 0.81 1 0.85 0.78 0.03
EHRC488 264582 7158440 180 -90 0 131 137 6 3.88 5.17 3.96 3.42 0.46
EHRC489 264535 7158373 156 -90 0 113 120 7 0.92 2 1.34 0.54 0.38
EHRC490 264484 7158282 150 -90 0 77 79 2 1.23 1 0.09 0.03 1.2
and 106 110 4 1.66 7 2.69 0.89 0.77
EHRC491 263013 7159002 126 -90 0 75 84 9 0.76 2.56 1.38 0.6 0.16
EHRC492A 263143 7159163 132 -90 0 NSR
EHRC493 263282 7159306 144 -90 0 116 121 5 0.86 2.8 1.95 0.7 0.16
EHRC494
EHRC495
263422 7159457
263557 7159599
156
154
-90
-90
0
0
146 149 3 1.13 2 1.5 1.07 0.06 NSR
EHRC496 263697 7159747 210 -90 0 180 184 4 0.91 3 2.91 0.73 0.18
EHRC497 262354 7159475 120 -90 0 49 65 16 0.52 1.63 1 0.44 0.08
EHRC498 262485 7159626 132 -90 0 76 78 2 2.28 2 1.16 1.63 0.65
and 82 95 13 0.88 2.31 3.18 0.71 0.17
EHRC499 262901 7160075 197 -90 0 151 173 22 2.25 1.45 2.55 2.04 0.21
inc 156 164 8 4 1.75 3.35 3.71 0.29
inc 156 157 1 8.14 1 4.53 7.94 0.2
inc 162 163 1 8.37 5 8.74 7.39 0.98
EHRC500 262863 7160356 208 -90 0 176 179 3 0.98 3 2.45 0.39 0.59
EHRC501 261957 7160176 150 -90 0 98 100 2 0.78 2 1.14 0.49 0.29
EHRC502 262015 7160261 174 -90 0 89 105 16 1 1.81 0.89 0.82 0.18
inc 89 91 2 2.45 6 2.1 1.62 0.83
EHRC503 262067 7160338 156 -90 inc
0
97
106
97
124
1
18
1.07 3.07 4
1.39
2.87
0.15
3
0.88
0.07
0.19
inc 111 112 1 2.24 3 0.17 1.77 0.47
EHRC504 262126 7160420 174 -90 0 120 138 18 1.71 4.5 1.34 1.25 0.46
inc 127 128 1 4.35 12 3.89 3.51 0.84
inc 132 136 4 2.81 4.25 1.94 2.2 0.61
EHRC505 262193 7160503 186 -90 0 155 163 8 1.46 1 0.54 1.29 0.17
inc 157 158 1 2.43 1 0.57 2.24 0.19
EHRC506 262249 7160582 201 -90 0 135 161 26 2.62 2.27 2.5 2.32 0.3
inc 138 149 11 4.96 3.36 3.92 4.41 0.55
inc 139 147 8 5.95 3.63 4.34 5.32 0.63
inc 140 142 2 8.21 4 4.18 7.13 1.08
inc 145 147 2 6.52 4.5 6.58 6.26 0.26
and 169 180 11 0.91 1 1.21 0.86 0.05
and 183 185 2 1.05 1 1.36 0.99 0.06
EHRC507
EHRC508
261434 7160359
261501 7160443
102
123
-90
-90
0
0
82 96 14 2.9 2 0.77 2.72 0.18 NSR
inc 83 94 11 3.35 2.09 0.95 3.14 0.21
inc 89 92 3 4.21 2 0.8 3.96 0.25
EHRC509 261556 7160511 144 -90 0 82 112 30 1.51 1.89 2.08 1.34 0.17
inc 83 90 7 3.53 4.5 3.13 3.1 0.43
inc 87 89 2 4.91 8 4.12 4.19 0.72
EHRC510 261614 7160606 150 -90 0 78 103 25 2.17 2.92 1.81 1.93 0.24
inc 84 97 13 2.76 2.31 2.24 2.55 0.21
EHRC511 261685 7160676 158 -90 0 109 112 3 1.37 3.33 1.7 1.43 0.24
and 122 126 4 1.13 2.5 1.97 0.99 0.14
EHRC512 261732 7160757 180 -90 0 116 131 15 1.4 3.13 1.79 1.22 0.18
inc 124 127 3 3.25 7.67 4.79 3.02 0.23
EHRC513 261744 7160448 138 -90 0 95 109 14 1.45 1.93 0.43 1.24 0.21
inc
and
104
112
108
131
4
19
0.53 2.67 3
0.63
0.52
0.72
2.2
0.32
0.47
0.21
EHRC514 261803 7160505 135 -90 0 96 121 25 3.15 3.28 2.34 2.82 0.33
inc 96 116 20 3.39 3.44 2.24 3.04 0.35
inc 101 102 1 5.26 3 1.86 4.77 0.49
inc 113 115 2 6.46 7 5.95 5.89 0.57
EHRC516A 261862 7160582 174 -90 0 96 121 25 2.48 2 1.19 1.58 0.9
inc 96 98 2 4.92 3 1.74 0.04 4.88
inc 110 120 10 3.43 3.4 1.92 2.95 0.48
inc 117 120 3 5.42 5.67 3.24 4.79 0.63
EHRC517 261938 7160674 192 -90 0 118 134 16 1.47 1.88 1.1 1.31 0.16
inc 120 123 3 3.73 3.33 2.98 3.33 0.4
EHRC519 261180 7160674 108 -90 inc
0
120
72
122
79
2
7
2.29 4.3 4
2.29
3.55
0.31
3.83
1.9
0.47
0.39
inc 73 78 5 2.87 2.8 0.38 2.37 0.5
EHRC520 261239 7160770 126 -90 0 58 86 28 1.4 3.22 0.69 1.15 0.25
inc 79 85 5 2.63 6.29 1.43 2.07 0.56
261291 7160846 144 -90 0 92 108 16 1.92 1.75 1.53 1.68 0.24
EHRC521
inc 92 98 6 3.14 2.33 2.64 2.7 0.44
EHRC522 261350 7160921 147 -90 0
and
76
109
84
114
8
5
0.94
0.79
0.85
1.2
0.17
1.15
0.31
0.68
0.63
0.11

Table 1 Continued Drill Hole Surveys with Significant Intersections with Assays

Hole ID E MGA N MGA Depth (m) Dip Azi From (m) To (m) Width (m) 0.5% Zn +Pb 2% Zn + Pb 4% Zn + Pb 6% Zn + Pb Ag g/t S % Zn % Pb % Other
EHRC523 261441 7161001 180 -90 0 97 101 4 0.79 0.61 0.74 0.05
and 110 122 12 0.85 1.2 0.89 0.78 0.07
and 131 138 7 1.41 1.43 0.84 1.15 0.26
EHRC524 261469 7161084 204 -90 0
and
117
140
126
149
9
9
0.82
1.82
5.33 0.64
2.68
0.76
1.42
0.06
0.4
inc 141 142 1 7.31 30 13 5.15 2.16
and 157 166 9 0.64 0.46 0.58 0.06
EHRC525 261975 7160750 204 -90 0 152 154 2 1.81 4 2.12 1.35 0.46
EHRC526 262033 7160836 222 -90 0 151 191 40 1.57 1.12 1.3 1.45 0.12
inc
inc
151
152
157
154
6
2
4.27 6.43 2.6
3.5
2.61
3.68
3.86
5.86
0.41
0.57
inc 163 166 3 2.57 1.67 1.91 2.46 0.11
EHRC527 262369 7160359 174 -90 0 136 140 4 1.23 1.75 1.03 1.15 0.08
EHRC528 262427 7160445 210 -90 0 146 163 17 1.66 4.29 2.19 1.4 0.26
inc 156 160 4 2.44 4.25 3.39 2.15 0.29
EHRC529
EHRC530
262486 7160519
262546 7160600
216
206
-90
-90
0
0
145
169
162
174
17
5
1.12
1.38
1.41
2.4
1.34
1
1.03
1.09
0.09
0.29
EHRC531 262600 7160687 168 -90 0 Abandoned Hole
EHRC532 261902 7160985 204 -90 0 166 176 10 1.95 1.7 1.05 1.75 0.2
inc 168 172 4 3.31 2.25 1.08 3 0.31
EHRC533 262112 7160751 222 -90 0 154 167 13 1.93 3 2.09 1.8 0.13
inc
inc
155
162
157
163
3
1
3.27 7.69 3
15
1.95
13.9
3.05
7.39
0.22
0.4
EHRC534 262307 7160656 222 -90 0 144 146 2 1.44 1 1.04 1.3 0.14
and 152 168 16 2.24 1.88 1.93 2.07 0.17
inc 152 163 11 2.9 2.27 2.37 2.68 0.22
inc 159 161 2 5.54 3.5 4.38 5.28 0.26
EHRC535 263066 7160561 264 -90 0
inc
202
202
254
211
52
9
1.23 3.52 1.6
4.11
1.79
3.55
1.07
2.83
0.16
0.69
inc 202 203 1 10.61 11 6.66 7.24 3.37
EHRC536 262842 7160601 228 -90 0 179 199 20 2.54 1.55 1.95 2.3 0.24
inc 179 184 5 6.42 4.2 3.92 5.72 0.7
EHRC537 262905 7160684 252 -90 0 193 201 8 0.95 0.85 0.92 0.03
and
inc
207
208
210
209
3
1
2.22 4.24 1.67
3
2.23
3.38
2.11
3.95
0.11
0.29
and 217 221 4 2.09 2.5 1.57 1.79 0.3
inc 218 219 1 4.16 6 2.84 3.21 0.95
EHRC538 262954 7160766 222 -90 0 186 191 5 0.63 0.72 0.55 0.08
and 204 210 6 0.76 0.42 0.74 0.02
EHRC539 263024 7160843 264 -90 0
and
205
234
223
241
18
7
1.14
1.55
1.86 0.76
1.56
1.08
1.36
0.06
0.19
inc 234 236 2 2.26 3.5 2.18 1.69 0.47
inc 239 241 2 2.67 2.5 2.82 2.62 0.05
and 251 256 5 0.64 0.8 1.33 0.55 0.14
EHRC540 263289 7160536 242 -90 0
inc
190
202
216
203
26
1
1.28 4.81 1.73
10
0.95
2.17
0.78
2.71
0.5
2.1
inc 207 212 5 2.38 4.2 2.84 1.54 0.84
EHRC541 263348 7160604 217 -90 0 188 202 14 2.61 2.14 2.21 2.21 0.4
inc 196 201 5 5.75 1.4 5.24 5.24 0.51
inc 199 201 2 7.91 2 3.22 7.17 0.74
EHRC542 263407 7160694 246 -90 0
and
185
210
189
219
4
9
0.87
0.83
0.5 0.81
0.65
0.8
0.8
0.07
0.03
EHRC543 263469 7160772 270 -90 0 194 202 8 0.88 0.75 0.53 0.81 0.07
and 208 237 29 0.91 0.93 0.85 0.06
inc 234 237 3 3.47 6 4.96 3.2 0.27
EHRC544 263565 7160572 228 -90 0 215 228 EOH 13 4.64 2.1 3.46 3.89 0.75
inc
inc
215
222
219
225
4
3
5.17 11.46 6
1.33
4.53
5.47
8.96
4.91
2.5
0.26
EHRC545 263126 7160647 252 -90 0 183 186 3 0.93 0.67 0.44 0.78 0.15
and 202 207 5 0.64 0.35 0.6 0.04
EHRC546 263181 7160725 276 -90 0 191 195 4 0.91 0.5 0.52 0.85 0.06
and 204 219 15 1.76 1.2 0.96 1.55 0.21
inc
and
206
251
210
259
4
8
0.83 3.25 2.25
1.63
1.67
2.05
2.74
0.8
0.49
0.03
EHRC547 263520 7160486 220 -90 0 208 220 EOH 12 2.55 3 3.26 2.28 0.27
inc 208 211 3 2.17 3 0.94 1.6 0.57
inc 218 220 EOH 2 8.20 9 14.85 7.9 0.3 High-Grade EOH
EHRC548 263620 7160654 264 -90 0 215 240 25 5.69 3.16 3.59 4.82 0.87
inc
inc
216
216
228
221
12
5
9.72
14.14
5.5
8.4
5.85
7.18
8.09
11.36
1.63
2.78
High Grade Zone
EHRC549 263678 7160738 264 -90 0 210 214 4 2.38 0.5 1.33 2.37 0.01
and 219 235 16 0.83 0.62 0.8 0.03
and 244 245 1 4.46 4 3.56 3.85 0.61
EHRC550 261667 7160838 174 -90 0 108 126 18 0.9 1.17 1.44 0.76 0.14

Section 1 Sampling Techniques and Data

Criteria JORC Code explanation Commentary
Sampling
techniques

Nature and quality of sampling (e.g. cut channels,
random chips, or specific specialised industry
standard measurement tools appropriate to the
minerals under investigation, such as down hole
gamma sondes, or handheld XRF instruments,
etc.). These examples should not be taken as

RC sampling completed on 1m
intervals using Metzke Static cone
splitter is dry. If wet, sample
collected in large polywoven, then
allowed to dry for 24 hrs. Sampling
was by spear along inside of bag.
limiting the broad meaning of sampling.

Include reference to measures taken to ensure
sample representivity and the appropriate

Weight of sample was on average
>2kg.
calibration of any measurement tools or systems
used.

Aspects of the determination of mineralisation that
are Material to the Public Report.

Samples sent to ALS, Malaga,
Perth, WA and are being assayed
using a four acid digest and read
by ICP-AES analytical instrument.

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
At total of 33 elements are
reported including Ag, Al, As, Ba,
Bi, Ca, Cd, Ce, Co, Cr, Cu, Fe, K,
La, Li, Mg, Mn, Mo, Na, Ni, P, Pb,
S, Sb, Sc, Sr, Th, Ti, Tl, U, V, W,
Zn.
is coarse gold that has inherent sampling problems.
Unusual commodities or mineralisation types (e.g.
submarine nodules) may warrant disclosure of
detailed information.

pXRF analysis utilises a Vanta
Olympus XRF analyser and
involves a single shot every metre
(RC) with routine standards (CRM)
Drilling
techniques

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 and if so, by
what method, etc.)

RC face hammer sampling (5.5in
diameter). Rig used was an Atlas
Copco 220 with 1250cfm air and
435psi compressor.
Drill sample
recovery

Method of recording and assessing core and chip
sample recoveries and results assessed.

Measures taken to maximise sample recovery and
ensure representative nature of the samples.

Whether a relationship exists between sample
recovery and grade and whether sample bias may
have occurred due to preferential loss/gain of
fine/coarse material.

RC drilling cuttings were collected
as 1 metre intervals with
corresponding chip tray interval
kept for reference.

In general the dry sample versus
the wet sample weight did not vary
as the wet sample was collected in
a polyweave bag which allowed
excess water to seep and kept the
drill cutting fines intact in the bag.
Logging
Whether core and chip samples have been
geologically and geotechnically logged to a level of
detail to support appropriate Mineral Resource
estimation, mining studies and metallurgical
studies.

Whether logging is qualitative or quantitative in
nature. Core (or costean, channel, etc.)
photography.

The total length and percentage of the relevant
intersections logged.

Each metre was geologically
logged with pXRF analysis.

All drill cuttings logged.
Sub
sampling
techniques
and sample
preparation

If core, whether cut or sawn and whether quarter,
half or all core 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
appropriateness of the sample preparation
technique.

Quality control procedures adopted for all sub

RC Drilling as below
Each metre was analysed by a
o
Vanta pXRF. The Vanta used
standards (CRM).
If the assay response was
o
>1000ppm Zn, a sample (>2kg)
was taken and delivered to ALS
for wet analysis.

sampling stages to maximise representivity of

Criteria JORC Code explanation Commentary
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.
duplicate taken every 20m, and
a standard taken every 20m. 4
standards (OREAS CRMs)
levels and one blank were used
randomly.
Quality
of
assay data
and
laboratory
tests

The nature, quality and appropriateness of the
assaying and laboratory procedures used and
whether the technique is considered partial or total.

For geophysical tools, spectrometers, handheld
XRF instruments, etc., the parameters used in
determining the analysis including instrument make
and model, reading times, calibrations factors
applied and their derivation, etc.

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
established.

The assigned assaying
methodology (4 acid) is total
digest.

As discussed, the Vanta pXRF
analyser was used to threshold the
collection of samples for wet
analysis.

In addition to Rumbles QA/QC
methods (duplicates, standards
and blanks), the laboratory has
additional checks.
Verification
of sampling
and
assaying

The verification of significant intersections by either
independent or alternative company personnel.

The use of twinned holes.

Documentation of primary data, data entry
procedures, data verification, data storage (physical
and electronic) protocols.

Discuss any adjustment to assay data.

Significant intersections reported
by company personnel only.

Documentation and review is
ongoing. Prior to final vetting,
entered into database.
Location of
data points

Accuracy and quality of surveys used to locate drill
holes (collar and down-hole surveys), trenches,
mine workings and other locations used in Mineral
Resource estimation.

Specification of the grid system used.

Quality and adequacy of topographic control.

Drillhole collars surveyed to the
end of 2021 utilised DGPS. Drilling
since the beginning of 2022
utilised a handheld GPS – Datum
is MGA94 Zone 51.
Data
spacing and
distribution

Data spacing for reporting of Exploration Results.

Whether the data spacing and distribution is
sufficient to establish the degree of geological and
grade continuity appropriate for the Mineral
Resource and Ore Reserve estimation procedure(s)
and classifications applied.

Whether sample compositing has been applied.

No resource work completed. The
RC drilling is both reconnaissance
(scoping) by nature with drill hole
spacing on average 500m x 100m
apart with select 200m by 100m
infill.

Single metre and composites
used.
Orientation
of
data
in
relation
to
geological
structure

Whether the orientation of sampling achieves
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 the orientation of key mineralised structures is
considered to have introduced a sampling bias, this
should be assessed and reported if material.

Previous drilling (and historic) has
defined a consistent flat lying
sedimentary package.

Drilling is normal (90°) to the
mineralised intersections. True
width reported. No bias.
Sample
security

The measures taken to ensure sample security.

All sampling packaging and
security completed by Rumble
personnel, from collection of
sample to delivery at laboratory.
Audits
or
reviews

The results of any audits or reviews of sampling
techniques and data.

No audits completed.

Section 2 Reporting of Exploration Results

Criteria JORC Code explanation Commentary
Mineral
tenement and
land
tenure
status

Type, reference name/number, location and
ownership including agreements or material
issues with third parties such as joint ventures,
partnerships, overriding royalties, native title
interests, historical sites, wilderness or national
park and environmental settings.

The security of the tenure held at the time of
reporting along with any known impediments to
obtaining a licence to operate in the area.

The Earaheedy Project comprises
of a granted exploration license –
The Earaheedy Project comprises
of E69/3464 (75% Rumble and
25% Zenith Minerals – JV) and
two recently granted exploration
licenses E69/3787 and E69/3862
(100% Rumble)

E69/3464 is in a state of good
standing and has no known
impediments to operate in the
area.
Exploration
done by other
parties

Acknowledgment and appraisal of exploration by
other parties.

Exploration solely completed by
Rumble Resources
Geology
Deposit type, geological setting and style of
mineralisation.

The Earaheedy Project Deposit
type is considered to be a MVT
variant (Irish Style in part).
Mineralisation is predominantly
stratiform sediment unconformity
hosted in both carbonate and
clastic flat lying lithologies.
Drill
hole
Information

A summary of all information material to the
understanding of the exploration results including
a tabulation of the following information for all
Material drill holes:
easting and northing of the drill hole collar
o
elevation or RL (Reduced Level – elevation
o
above sea level in metres) of the drill hole
collar
dip and azimuth of the hole
o
down hole length and interception depth
o
hole length.
o

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.

Table 1 – Drill Hole Surveys with
Significant Intersections with
Assays
Data
aggregation
methods

In reporting Exploration Results, weighting
averaging techniques, maximum and/or
minimum grade truncations (e.g. cutting of
high grades) and cut-off grades are usually
Material and should be stated.

Where aggregate intercepts incorporate
short lengths of high-grade results and
longer lengths of low-grade results, the
procedure used for such aggregation should
be stated and some typical examples of
such aggregations should be shown in
detail.

The assumptions used for any reporting of
metal equivalent values should be clearly
stated.

Table 1 highlights various cut off
grades. RC sampling is 1m
intervals. No upper cut off used.
Relationship
between

These relationships are particularly
important in the reporting of Exploration

Mineralisation is flat lying to very
shallow northeast dipping (5 - 8°)

Criteria JORC Code explanation Commentary
mineralisation
widths
and
intercept
lengths
Results.

If the geometry of the mineralisation with
respect to the drill hole angle is known, its
nature should be reported.

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').

The mineralized intersection is
considered true width
Diagrams
Appropriate maps and sections (with scales)
and tabulations of intercepts should be
included for any significant discovery being
reported These should include, but not be

Image 1 - Tonka Navajoh
Prospects – Drill Hole Location
Plan with Significant Intersections
and Maximum Zn + Pb Contouring
limited to a plan view of drill hole collar
locations and appropriate sectional views.

Image 2 - Colorado Fault Zone
Section PP – Drillhole
Intersections and Geology
Balanced
reporting

Where comprehensive reporting of all
Exploration Results is not practicable,
representative reporting of both low and high
grades and/or widths should be practiced to
avoid misleading reporting of Exploration
Results.

Lower grade cut off is used to
reflect the width and grade of low
grade
Other
substantive
exploration
data

Other exploration data, if meaningful and
material, should be reported including (but
not limited to): geological observations;
geophysical survey results; geochemical
survey results; bulk samples – size and
method of treatment; metallurgical test
results; bulk density, groundwater,
geotechnical and rock characteristics;
potential deleterious or contaminating
substances.

Not applicable – drilling only
Further work
The nature and scale of planned further
work (e.g. 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.

RC drilling – Systematic
Sweetwater Extension west along
strike from Chinook

For Tonka – Navajoh, further work
subject to interpretation from final
results (assays pending)