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RUMBLE RESOURCES LIMITED Capital/Financing Update 2023

Oct 30, 2023

65736_rns_2023-10-30_76152b0a-01ba-4d9e-9e1a-ec180097439a.pdf

Capital/Financing Update

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31[st ] October 2023

Earaheedy Project Mato Discovery Confirmed with Further High-Grade Zn-Pb Mineralisation

Rumble Resources Ltd

Assay results from the remaining six (6) drill holes of the Mato RC drilling program have confirmed Mato as a significant new Zn-Pb sulphide discovery with the potential to add substantially to the existing pit constrained Inferred Mineral Resource Estimate of 94Mt @ 3.1% Zn+Pb (2% Zn+Pb cut off) at Earaheedy (refer ASX: RTR release 19[th] April 2023).

The latest assay results compliment the original discovery drill hole previously reported (refer ASX: RTR announcement 5[th] October 2023) where EHRC733 returned:

Level 1, 16 Ord Street, West Perth, WA 6005

T +61 8 6555 3980

F +61 8 6555 3981

  • 16m @ 5.09% Zn + Pb from 153m

including 10m @ 7.05% Zn + Pb from 157m

The latest results at Mato all come from a single 800m long drill traverse and include:

  • 29m @ 3.12 % Zn + Pb from 174m (EHRC734) including 14m @ 5.04% Zn + Pb from 183m

with high-grade zones of 4m @ 10.16% Zn + Pb from 184m

  • and 2m @ 15.58% Zn + Pb from 186m

  • 10m @ 2.11% Zn + Pb from 188m (EHRC735) including 3m @ 5.65% Zn + Pb from 190m

  • 9m @ 4.89% Zn + Pb from 180m (EHRC738) including 4m @ 7.93% Zn + Pb from 183m

  • 21m @ 2.0% Zn + Pb from 214m (EHRC740) Including 5m @ 4.43% Zn + Pb from 220m

All drill hole intersections represent true widths .

The Mato discovery has the hallmarks of a large mineralising system which potentially could enhance the economics and lends further support to Earaheedy developing into a world class base metal camp .

Important prospectivity factors for Mato include:

rumbleresources.com.au

ASX RTR

Executives & Management

Mr Peter Venn Interim Managing Director

Mr Matthew Banks Non-executive Director

Mr Michael Smith Non-executive Director

Mr Geoff Jones Non-executive Director

Mr Brett Keillor Technical Consultant

Mr Steven Wood Company Secretary

  • Mineralisation along the 800m drill traverse being open in all directions.

  • Closest drilling (single hole only) is 1600m to the east (EHRC730)

  • Exceptional potential for further Zn-Pb sulphide mineralisation up-dip.

  • o Multiple high grade feeder structures have been interpreted.

  • The latest results occur 10km west of the Chinook Zn-Pb deposit and drilling along this 10km trend has been limited to three short traverses that are all mineralised.

  • The host and style of the Mato Zn-Pb mineralisation is near identical to the Chinook-Tonka-Navajoh Zn-Pb deposits.

Next Steps for Mato (within E69/3862 – 100% Rumble)

Heritage approval has been granted to allow extensional RC drilling at Mato and includes;

  • Drilling to define up-dip (shallow) and strike extended sulphide mineralisation.

  • Testing potential structural repetition of host Navajoh Unconformity Unit to the south.

Rumble Resources Limited (ASX: RTR) (“Rumble” or the “Company”) is pleased to announce the assay results for the remaining six (6) RC drill holes from an initial scoping program at the newly defined Mato Prospect at Earaheedy (see Figure 1), located 110 km northeast of Wiluna, Western Australia. The drill holes are on the same 800 metre long section where the “discovery” RC hole – EHRC733 returned high grade Zn-Pb mineralisation (refer ASX: RTR announcement 5[th] October 2023).

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Figure 1 – Earaheedy Project – Location of Chinook, Tonka-Navajoh Deposits, and Mato Prospect over interpretative solid geology

Mato Prospect RC Drilling – E69/3787 – RTR 100% - refer to Figures 2 to 4

An initial twenty three (23) RC drill hole program has been completed on broad spacings along the previously named Sweetwater Trend. Assays for the first seventeen (17) drill holes were previously reported (see ASX: RTR announcement 5[th] October 2023), along with a high grade intersection in hole EHRC733 which returned:

  • 16m @ 5.09% Zn + Pb from 153m

Including an internal higher-grade zone of 10m @ 7.05% Zn + Pb from 157m

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The latest assay results at Mato all come from the same 800m long drill traverse (Mato Section 1 – see figures 3 and 4) and include:

  • 29m @ 3.12 % Zn + Pb, 2.22 g/t Ag from 174m (EHRC734)

  • including 14m @ 5.04% Zn + Pb, 3.24 g/t Ag from 183m

    • with high-grade zones of 4m @ 10.16% Zn + Pb, 6.53 g/t Ag from 184m

      • including 2m @ 15.58% Zn + Pb, 9.95 g/t Ag from 186m
  • 10m @ 2.11% Zn + Pb, 6.53 g/t Ag from 188m (EHRC735) including 3m @ 5.65% Zn + Pb, 8.97 g/t Ag from 190m

  • 9m @ 4.89% Zn + Pb, 4.82 g/t Ag from 180m (EHRC738) including 4m @ 7.93% Zn + Pb, 4.57 g/t Ag from 182m

  • 28m @ 1.08% Zn + Pb, 1.47 g/t Ag from 188m (EHRC739) including 5m @ 2.47% Zn + Pb, 2.44 g/t Ag from 210m

  • 21m @ 2.0% Zn + Pb, 2.13 g/t Ag from 214m (EHRC740)

  • including 5m @ 4.43% Zn + Pb, 1.78 g/t Ag from 220m

NB. Intersections are zinc sulphide dominant with Zn:Pb ratios greater than 5:1 – refer to Table 1

Drill hole EHRC737 returned low grade Zn – Pb mineralisation (4m @ 1.34% Zn + Pb from 202m) whilst hole EHRC736 failed at a depth of 127m, 50m above the projected zone of interest.

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Figure 2 - Mato Prospect to Chinook Deposit – Location plan with drill hole status and intersections

Mineralisation is open in all directions, with the closest RC drill hole (EHRC 730) 1600m east of Section 1 (see figure 2) and previously returned 8m @ 1.53% Zn + Pb from 198m (see ASX:RTR announcement 5[th] October 2023).

3

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The high grade mineralisation at the Mato Prospect is inferred to strike NW, though this interpretation is based only on the single abovementioned drill traverse. Further RC drilling will confirm the strike of the mineralisation. Geological interpretation of the Mato drilling to date has highlighted the potential of feeder zones (cf. Kalitan and Chikaman Feeders at Chinook deposit) controlling the higher-grade mineralisation. Figure 4 presents two inferred faults which may represent mineralised feeder structures.

The highly prospective Mato Mineralisation Corridor (formerly Sweetwater Trend) is highlighted in figure 2. The strike of this mineralisation has now been defined over 10km , i.e., from the western edge of the Chinook Deposit to the Mato discovery traverse or Section 1. Also noted; the historical Sweetwater Prospect lies 4km to the south of the Mato Prospect and has yet to be adequately drill tested.

The recently acquired interest into E69/3815 (see announcement ASX: RTR 24/10/2023) opens up potential for further Zn – Pb deposits west and northwest of Mato (see figures 1 and 2). Geological and geophysical interpretation has inferred up to 30km of additional prospective unconformity style lithologies and mineralisation.

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Figure 3 – Mato Prospect – Section 1 – RC Drill Hole Locations and Assay Results

Next Steps for Mato

Recently completed heritage approvals at Mato will allow:

  • RC drilling initially on 800m by 100m spaced lines both west and east along the inferred NW strike of the highgrade (potential feeder) Zn Pb mineralisation.

  • Up-dip drilling along Section 1 to test for shallower Zn-Pb sulphide zones.

  • Extended RC drill sections to test for repetition of high-grade mineralisation based on known sub-parallel reverse faulting to the mineralised Navajoh Unconformity Unit.

4

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Figure 4 - Mato Prospect – EHRC733-740 geology section with Drill Hole assay results.

About the Earaheedy Project

The emerging, world class Earaheedy Zn-Pb-Ag Project is located 110km northeast of Wiluna in Western Australia, with access to major highways, power (gas pipeline), rail, ports, airports and experienced mining workforce (see Figure 6). The Project includes tenement (E69/3464), which forms the Rumble Resources Ltd 75% / Zenith Minerals Ltd (ASX: ZNC) 25% Joint Venture (“JV”), E69/3787, E69/3862, E69/4124 and exploration license applications E69/4149, E69/4165 and E69/4178, which are all 100% controlled by Rumble (see Figure 1 and 5).

In addition to the above tenements, Rumble is acquiring (100% RTR) four granted exploration licenses that lie north and northwest of the existing tenure (see Figure 5). These tenements comprise of E69/3815, E69/3842, E69/3889

Rumble announced a major discovery on 19th April 2021 and 2 years later to the day on 19th April 2023, announced a globally significant, pit constrained, maiden inferred Mineral Resource Estimate (MRE) of 94Mt @ 3.1% Zn+Pb and 4.1g/t Ag (at a 2% Zn+Pb cutoff) – refer to ASX release 19[th] April 2023. This maiden MRE confirmed the Earaheedy Project as one of the largest global zinc sulphide discoveries in the last decade. The strength of the MRE is supported by a 41mt of higher-grade resources that could be part of a possible early development scenario, and a much larger 462Mt resource that could potentially be upgraded via beneficiation, providing the project with significant future flexibility.

The Project has exceptional near-term growth potential, with the deposits open in all directions and with the recent tenement additions, the strike potential has significantly increased to over 70km. Drilling by Rumble has focused on the Navajoh Unconformity Unit (host to the current resources) with the aim to find large shallow flat lying sulphide deposits amenable to large scale open cut mining, whilst none of the thick underlying geologically fertile formations which could potentially host high-grade MVT deposits having been tested.

The sheer scale, optionality, location and extraordinary growth potential of Earaheedy could see the Project stamp itself as a world class, multi decade asset and play a key role in the future global renewable energy transition.

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Figure 5 – Earaheedy Project – Regional Geology – Earaheedy Basin with Tenement Status

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Figure 6 - The Earaheedy Zn-Pb-Ag-Cu Project location and existing infrastructure within Western Australia

Authorisation

This announcement is authorised for release by Peter Venn, Interim 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 along with geophysical/geochemical targeting, related surveys and acquisitions 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 Feeder 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 23/08/2022 – Significant Zones of Zn-Pb Sulphides Intersected

  • ASX Release 30/08/2022 – High grade Zn-Pb drill intercepts at Tonka

  • ASX Release 29/09/2022 – New 2.2km High Grade Chikamin Feeder Zone extends Chinook

  • ASX Release 3/11/2022 – High Grade System Discovery Chinook inc. 3.37% Cu 4450g/t Ag

7

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  • ASX Release 17/11/2022 – Exceptional Metallurgical Results at Earaheedy Project

  • ASX Release 16/02/2023 – Multiple New High-Grade Feeder Targets Defined

  • ASX Release 14/03/2023 – Chinook Zn-Pb Prospect expands to 8km strike

  • ASX Release 19/04/2023 – Maiden Resource Confirms Earaheedy's World Class Potential

  • ASX Release 03/05/2023 – Heritage Clearance Received for Navajoh Southeast Trend

  • ASX Release 01/06/2023 – High impact drilling commences at the Earaheedy Project

  • ASX Release 17/07/2023 – Zinc Lead Mineralisation Discovered in Drilling

  • ASX Release 5/10/2023 – High-Grade Zinc-Lead Intersection at The Mato Prospect

  • ASX Release 23/10/2023 - Acquisition Increase Further Zn – Pb Potential

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 and fairly represents information compiled by Mr Brett Keillor, who is a Member of the Australasian Institute of Mining & Metallurgy. Mr Keillor is a geological consultant for 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 Location, Latest Intersections and Assay Table – Mato Prospect

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
EHRC734 238719 7169132 203 -90 0 174 203 29 3.12 2.22 3.8 2.79 0.33
incl. 183 197 14 5.04 3.24 5.03 4.5 0.54
incl. 184 188 4 10.16 6.53 9.93 8.99 1.18
incl. 186 188 2 15.58 9.95 13.81 13.71 1.87
EHRC735 238566 7168875 234 -90 0 188 198 10 2.11 6.53 2.02 1.36 0.86
incl. 190 193 3 5.65 8.97 4.89 3.69 1.97
EHRC736 238516 7168784 127 -90 Failed
EHRC737 238617 7168956 219 -90 0 202 206 4 1.34 2.75 1.48 0.83 0.31
EHRC738 238667 7169048 222 -90 0 180 189 9 4.89 4.82 11.44 4.09 0.8
incl. 182 189 7 5.86 4.57 9.75 5.07 0.79
incl. 183 187 4 7.93 5 9.34 6.89 1.04
EHRC739 238767 7169220 228 -90 0 188 216 28 1.08 1.47 2.11 0.9 0.18
incl. 210 215 5 2.47 2.44 4.19 2.12 0.35
EHRC740 238865 7169389 241 -90 0 214 235 21 2 2.13 3.59 1.79 0.22
incl. 220 228 8 3.48 1.82 2.96 3.11 0.37
incl. 220 225 5 4.43 1.78 3.61 4 0.43
incl. 223 224 1 9.82 4.3 6.88 8.89 0.93

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Section 1 Sampling Techniques and Data

Criteria JORC Code explanation Commentary
Sampling Nature and quality of sampling (e.g. cut channels, RC sampling completed on 1m
techniques 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
limiting the broad meaning of sampling.
Include reference to measures taken to ensure

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.
Weight of sample was on average
>2kg.
Samples sent to ALS, Malaga, Perth,
sample representivity and the appropriate WA and are being assayed using a
calibration of any measurement tools or systems four acid digest and read by ICP-AES
used. analytical instrument. At total of 33
Aspects of the determination of mineralisation that
are Material to the Public Report.
In cases where ‘industry standard’ work has been
done this would be relatively simple (e.g. ‘reverse
circulation drilling was used to obtain 1 m samples
from which 3 kg was pulverised to produce a 30 g
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.
pXRF analysis utilises a Vanta
Olympus XRF analyser and involves a
single shot every metre (RC) with
charge for fire assay’). In other cases more routine standards (CRM)
explanation may be required, such as where there
is coarse gold that has inherent sampling problems.
Unusual commodities or mineralisation types (e.g.
submarine nodules) may warrant disclosure of
detailed information.
Drilling Drill type (e.g. core, reverse circulation, open-hole RC face hammer sampling (5.5in
techniques 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
diameter). Rig used was an Atlas
Copco 220 with 1250cfm air and
435psi compressor.
other type, whether core is oriented and if so, by
what method, etc.).
Drill sample
Method of recording and assessing core and chip
RC drilling cuttings were collected as 1
recovery 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
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
fine/coarse material. fines intact in the bag.
Logging Whether core and chip samples have been Each metre was geologically logged
geologically and geotechnically logged to a level of with pXRF analysis.
detail to support appropriate Mineral Resource All drill cuttings logged.
estimation, mining studies and metallurgical
studies.
Whether logging is qualitative or quantitative in
nature. Core (or costean, channel, etc.)
photography.
The total length and percentage of the relevant
_intersections logged. _
Sub- If core, whether cut or sawn and whether quarter, RC Drilling as below:
sampling half or all core taken. o
Each metre was analysed by
techniques
and sample
preparation

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
a Vanta pXRF. The Vanta
used standards (CRM).
o
If the assay response was
>1000ppm Zn, a sample
(>2kg) was taken and
technique. delivered to ALS for wet
Quality control procedures adopted for all sub- analysis.
sampling stages to maximise representivity of
samples.
Measures taken to ensure that the sampling is
o
Sampling QA/QC involved a
duplicate taken every 20m,
and a standard taken every

9

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Criteria JORC Code explanation Commentary
representative of the in situ material collected, 20m. 4 standards (OREAS
including for instance results for field
duplicate/second-half sampling.
CRMs) levels and one blank
were used randomly.
Whether sample sizes are appropriate to the grain
size of the material being sampled.
Quality of
The nature, quality and appropriateness of the
The assigned assaying methodology (4
assay data
assaying and laboratory procedures used and
acid) is total digest.
and
laboratory
tests
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.

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.
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. _
Verification The verification of significant intersections by either Significant intersections reported by
of sampling
independent or alternative company personnel.
company personnel only.
and The use of twinned holes. Documentation and review is ongoing.
assaying Documentation of primary data, data entry
procedures, data verification, data storage (physical
Prior to final vetting, entered into
database.
and electronic) protocols.
• _Discuss any adjustment to assay data. _
Location of
Accuracy and quality of surveys used to locate drill
All drillhole collars surveyed using
data points holes (collar and down-hole surveys), trenches,
mine workings and other locations used in Mineral
handheld GPS – Datum is MGA94
Zone 51.
Resource estimation.
Specification of the grid system used.
Quality and adequacy of topographic control.
Data Data spacing for reporting of Exploration Results. No resource work completed. The RC
spacing and
distribution

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)

drilling is reconnaissance (scoping) by
nature with drill hole spacing on
average 500m x 100m apart.
Single metre and composites used.
and classifications applied.
• _Whether sample compositing has been applied. _
Orientation Whether the orientation of sampling achieves Previous drilling (and historic) has
of data in
relation
to
geological
structure


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.

defined a consistent flat lying
sedimentary package.
Drilling is normal (90°) to the
mineralised intersections. True width
reported. No bias.
A single traverse of angled RC holes
completed to ascertain if footwall
structures could be determined. The
single traverse was at -60 and
represented approximately 85% of true
width.
Sample The measures taken to ensure sample security. All sampling packaging and security
security completed by Rumble personnel, from
collection of sample to delivery at
laboratory.
Audits or
The results of any audits or reviews of sampling
No audits completed.
reviews techniques and data.

10

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Section 2 Reporting of Exploration Results

Criteria JORC Code explanation Commentary Commentary
Mineral Type, reference name/number, location and The Earaheedy Project comprises of
tenement and
land
tenure
status


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
E69/3464 (75% Rumble and 25%
Zenith Minerals – JV), E69/3787,
E69/3862 and E69/4124 (100%
Rumble) and exploration license
applications, ELA69/4165,
ELA69/4149 and ELA69/4178(all
100% Rumble). Recently, Rumble
reporting along with any known impediments to acquired a 100% interest in granted
obtaining a licence to operate in the area. EL69/3815, EL69/3842, EL69/3889
and EL52/3879.
All Tenements are in a state of good
standing and have no known
impediments to operate in the area.
Exploration Acknowledgment and appraisal of exploration by Exploration solely completed by
done by other
other parties.
Rumble Resources
parties
Geology •Deposit type, geological setting and style of The Earaheedy Project Deposit type
mineralisation. is considered to be a MVT variant.
Mineralisation is predominantly
stratiform sediment unconformity
hosted in both carbonate and clastic
flat lying lithologies.
Drill hole
A summary of all information material to the
Information understanding of the exploration results including
a tabulation of the following information for all
Material drill holes:
o easting and northing of the drill hole collar
o elevation or RL (Reduced Level – elevation
above sea level in metres) of the drill hole
collar
Table 1 – Drill Hole Location, Latest
Intersections and Assay Table –
Mato Prospect
o dip and azimuth of the hole
o down hole length and interception depth
o hole length.
If the exclusion of this information is justified on
the basis that the information is not Material and
this exclusion does not detract from the
understanding of the report, the Competent
Person should clearly explain why this is the
case.
Data
In reporting Exploration Results, weighting
Historic drilling cut-off grades used
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 stated.

Where aggregate intercepts incorporate
include: o 0.5% Zn o 0.5% Zn + Pb o
>0.1% Zn
The Zn:Pb ratio is variable over the
project area. On average the Zn:Pb
ratio for sulphide is 3. The average
Zn:Pb ratio for oxide is 0.8.
short lengths of high-grade results and
longer lengths of low-grade results, the
procedure used for such aggregation should
Historic drilling – if diamond drilling or
RC composite – weighted average
used.
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
Drilling is vertical. Mineralisation is
between
mineralisation
important in the reporting of Exploration
Results.
flat. Width of mineralisation is true
width.
widths and

_Ifthe geometry of the mineralisation with _

11

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Criteria JORC Code explanation Commentary Commentary
intercept respect to the drill hole angle is known, its
lengths 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’).
Diagrams Appropriate maps and sections (with scales) Figure 1 - Earaheedy Project –
and tabulations of intercepts should be
included for any significant discovery being
reported These should include, but not be
Location of Chinook, Tonka-Navajoh
Deposits, and Mato Prospect over
interpretative solid geology
limited to a plan view of drill hole collar Figure 2 - - Mato Prospect to Chinook
locations and appropriate sectional views. Deposit – Location plan with drill hole
status and intersections
Figure 3 - Mato Prospect – Section 1
– RC Drill Hole Locations and Assay
Results
Figure 4 - Mato Prospect – EHRC733-
740 geology section with Drill Hole
assay results. Mato Prospect –
EHRC733-740 geology section with
Drill Holeassay results.
Figure 5 - Earaheedy Project –
Regional Geology – Earaheedy Basin
with Tenement Status
Figure 6 - The Earaheedy Zn-Pb-Ag-
Cu Project location and existing
infrastructure within Western Australia
Balanced Where comprehensive reporting of all Table 1 represents Drill Hole locations
reporting Exploration Results is not practicable, and significant assays
representative reporting of both low and high
grades and/or widths should be practiced to
avoid misleading reporting of Exploration
Results.
Other Other exploration data, if meaningful and pXRF analyser is used only to gauge
substantive
exploration
data
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
>1000ppm Zn. If sample is >1000ppm
Zn and/or within a mineralised
section, 1m RC samples are sent for
wet analysis (4 acid digest multi-
element)
results; bulk density, groundwater,
geotechnical and rock characteristics;
potential deleterious or contaminating
substances.
Further work The nature and scale of planned further RC scoping and targeted drilling at
work (e.g. tests for lateral extensions or the Mato Prospect
depth extensions or large-scale step-out
drilling).
Diagrams clearly highlighting the areas of
Diamond drilling targeting high-grade
MVT type mineralisation and
Metallurgical test-work
possible extensions, including the main
geological interpretations and future drilling
areas, provided this information is not
_commercially sensitive. _

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