RUMBLE RESOURCES LIMITED — Capital/Financing Update 2024

Sep 1, 2024

2 September 2024

Tungsten Discovery at Western Queen Confirmed

Highlights

• Tungsten assays received from selected drill pulp samples from seven holes drilled in 2021 have confirmed a potentially significant high-grade tungsten discovery at Western Queen
• Significant assay intersections include:
  • o 12m @ 0.56% WO3 and 0.46g/t Au from 69m (WQRC032)
    • including 2m @ 2.48% WO3 and 0.12g/t Au from 70m
  • o 3m @ 0.69% WO3 from 90m and 2m @ 1.55% WO3 from 159m (WQRC101)
  • o 12m @ 0.34% WO3 and 3.22g/t Au from 202m (WQRC178)
    • including 7m @ 0.49% WO3 and 4.71g/t Au from 206m
  • o 2m @ 0.75% WO3 and 0.48g/t Au from 81m (WQRC019)
• The pulp assays complement the exceptionally high-grade intersection in recently reported drill hole WQDD013**1** :
  • o 4.05m @ 4.58% WO3, 0.72 g/t Au from 174.85m**;** including
  • o 2.05m @ 8.71% WO3, 1.38 g/t Au from 176.85m**;** and
  • o 0.65m @ 18.35% WO3, 2.97 g/t Au from 176.85m
• These new assays are largely coincident with a continuous tungsten anomaly outlined over a 2km area defined from drillhole XRF data and parallel the Western Queen Shear and known high-grade gold mineralisation
• The width and grade tenor of significant tungsten assays received at Western Queen to date suggest that Western Queen could host a significant tungsten resource
• Review of the Company's pXRF analytical data has shown some 87 reverse circulation (RC) and diamond drill (DD) holes completed by Rumble reported >500ppm W
• The Company now plans to further analyse historical drilling including RC drill pulps and a substantial diamond core library held in storage for tungsten, which will likely constitute the bulk of the data required to classify an initial resource estimate, if one can be determined
• Tungsten is a critical and strategic metal given its relative scarcity, supply risk, defence applications and limited substitution options

Peter Harold, Managing Director and CEO commented "the discovery of tungsten at Western Queen has demonstrated the huge optionality that we have in our extensive tenement portfolio. The assay results from the 2021 drill pulp samples have confirmed that we have made a significant tungsten discovery at Western Queen. This is brilliant work by our exploration team and we look forward to receiving further assays from the substantial amount of existing drill core and pulps. Best case scenario, positive results from this future analysis could allow us to calculate a resource without any additional drilling.

Whilst the tungsten is a great new discovery, we already have substantial gold resources at Western Queen on a granted Mining Leases within trucking distance of a number of mills. Our primary focus is therefore to monetise these resources in the near term."

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 Peter Harold Managing Director & CEO

Mr Peter Venn Technical Director

Mr Matthew Banks Non-executive Director

Mr Michael Smith Non-executive Director

Mr Geoff Jones Non-executive Director

Mr Brett Keillor Head of Technical

Mr Steven Wood Joint Company Secretary

Mr Trevor Hart CFO & Joint Company Secretary

Rumble Resources Limited (ASX: RTR) ("Rumble" or the "Company") is pleased to announce the return of significant high-grade tungsten assays from selected pulp samples of Reverse Circulation (RC) drilling completed by the Company in 2021. The assays confirm a potentially significant tungsten discovery that is spatially associated with the known gold resources at the Western Queen Gold Project.

Western Queen Tungsten Discovery

Tungsten (W) laboratory assays have been received for selected pulp samples from an initial seven holes of previous RC drilling completed by the Company in 2021 as part of the Western Queen gold resource drill program. The initial seven holes were selected based on appropriate spatial coverage across the 900m strike length of high tenor >1000ppm W in pXRF (refer Figure 1) and having at least one sample in the hole greater than 5000ppm W in the pXRF database.

Significant intersections from the pulp samples include 12m @ 0.56% WO3, 0.46g/t Au from 69m, with the higher grade section of 2m @ 2.48% WO3 and 0.12g/t Au from 70m in WQRC032, 12m @ 0.34% WO3 and 3.22g/t Au from 202m, with a higher grade section of 7m @ 0.49% WO3 and 4.71g/t Au from 206m in WQRC178, 9m @ 0.22% WO3 plus 0.35g/t Au from 76m with a higher grade section of 2m @ 0.75% WO3 and 0.48g/t Au from 81m in WQRC178 and 5m @ 0.31% WO3, 0.31g/t Au from 220m in WQRC176( refer to Figure 1 and Table 1).

The significant intersections from the seven holes of pulp samples complement the previously reported tungsten mineralisation within drillhole **WQDD013 (**Refer to Rumble Resources Limited ASX announcement High-grade Tungsten Discovery at Western Queen 6 August 2024) which returned a spectacular intersection of 4.05m @ 4.58% WO3, 0.72 g/t Au from 174.85m; including 2.05m @ 8.71% WO3, 1.38 g/t Au from 176.85m; including 0.65m @ 18.35% WO3, 2.97 g/t Au from 176.85m(refer to Figure 2).

Figure 1 - Western Queen Project – Plan highlighting contoured maximum pXRF W in drill holes and location and intercepts of significant W intersections from pulp samples and WQDD013.

Encouragingly, all seven holes of pulps samples returned significant intercepts grading greater than 0.1% WO3. While geological investigations are preliminary, the tungsten mineralisation contains large aggregates of scheelite grains (up to 5mm) occurring parallel to the main foliation trend. The mineralisation is essentially multiple scheelite-pyroxene (tremolite)+/-gold endoskarn zones associated with the Western Queen orogenic shear zone (host to gold mineralisation) within dominant Archaean mafic amphibolite lithologies. Tungsten mineralisation occurs spatially proximal to gold mineralisation, however high-grade tungsten mineralisation does not always corelate with high-grade gold mineralisation The skarn development is thought to have been a later stage to the main gold event at Western Queen.

Figure 2 – WQDD013 (0.65m @ 18.35 WO3) scheelite intersection under UV light

All previous drill holes completed by Rumble as part of the 2021 Western Queen gold resource estimate of 2.1Mt @ 2.42 g/t Au for 163,200oz (refer Rumble Resources ASX announcement Western Queen Resource Upgrade to 163,000oz gold 2nd August 2021- refer Table 2) have subsequently been analysed for tungsten (W) by pXRF. Review of the pXRF analytical data has shown some 87 \RC and diamond holes completed by Rumble have reported >500ppm W. Analytical results from pXRF analysers are indicative and may not reflect the true tungsten (W) grade. Comparing the laboratory tungsten grade for the recently returned pulp samples with the original pXRF tungsten grade indicates that the laboratory assays are significantly higher on average suggesting that the pXRF analyser may routinely under report the true tungsten grade as the small sample point of the pXRF analyser likely often misses the coarse grained disseminated scheelite grains.

Figure 3 - Size and Grade comparison of worldwide tungsten resources for operating mines (green) and resource development projects (blue). Source: Group 6 Metals Noosa Presentation 17 July 2024

Comparing the significant tungsten intersections returned to date at Western Queen with worldwide tungsten resources for both operating mines and development projects (refer Figure 3) suggests that Western Queen may contain a significant tungsten resource. The worldwide resource grades of operating mines average between 0.20%- 0.30% WO3 , while the significant intersections returned at Western Queen including 4.05m @ 4.58% WO3, 12m @ 0.56% WO3 including 2m @ 2.48% WO3, 12m @ 0.34% WO3 including 7m @ 0.49% WO3 and the 900m strike length of high tenor tungsten anomalism grading >1000ppm in pXRF indicate that a potential tungsten resource at Western Queen will likely be high-grade compared to worldwide projects. The Company has retained the comprehensive pulp library of previous gold only assaying completed for the 2021 gold resource. In addition, the Company has access to the historic core library of diamond holes drilled at Western Queen by previous operators. Assaying both the pulp library and historic core for tungsten would likely constitute the bulk of data needed to classify a tungsten resource with only minimal direct drilling costs needed.

Tungsten Next Steps

• Investigate re-assaying of all pulps with anomalous pXRF tungsten from the previous Rumble gold resource drilling programs.
• Investigate previous diamond core completed both by the Company and by historic operators for intervals of tungsten mineralisation not previously analysed.

About Tungsten⃰

Tungsten is classified as "critical raw material" and is subject to high supply risk and high economic importance (considered the most important metal on the critical materials list). The supply of tungsten (currently 78,000t annually) is highly dependent on China (produces 81% of the worlds tungsten). Forecast annual demand growth for tungsten averages 3.5%pa compound however, certain projections have a more robust forecast of up to 8%pa compound.

Tungsten supply from China is forecast to decline due to diminishing reserves and grades making sources outside of China significantly more valuable. Uses for tungsten include:

• Nano Tungsten Oxide for battery cathode and anode (Li-ion) manufacturing;
• Niobium Tungsten Oxide in batteries to reduce charge time and increase power density;
• Tungsten Hexafluoride gas to optimise all semiconductor production;
• Tungsten wire to essential replace diamond wire for photovoltaic cell silica wafer production;
• Tungsten Oxide coating to enhance hydrogen fuel cell durability;
• Use in thermonuclear energy excellent heat conductivity and very high melting temperature(includes both 100% tungsten (100-200 tonnes per reactor) and high tungsten steel surrounding the reactors) and
• Military applications.

⃰Sources: Study on the review of the list of critical raw materials, European Commission 2023 Merchant Research and Consulting: 2024 World Market Review and Forecast to 2033.

In Australia, tungsten is currently being produced on a small scale at King Island (Bass Strait) by Group 6 Minerals. The Dolphin mine (King Island) has produced tungsten from scheelite intermittently since 1917 and is considered Australia's largest and highest-grade deposit with a current resource of 9.6Mt @ 0.9% WO3 2 .

Other resources in Australia include Mt Carbine (producer – EQ Resources - Qld) which has intermittently produced tungsten (wolframite) since the 1890's and currently has a resource of 28.7Mt @ 0.3% WO3 3 .

Western Queen South – WQDD015

Assays have been received for the final diamond hole, WQDD015, completed as part of a four hole diamond program targeting extensions to mineralisation at the Western Queen South gold resource. WQDD015 targeted a 60m downplunge extension of the high grade Western Queen South gold lode. During drilling, WQDD015 lifted uncontrollably from an initial -61° dip to finish at close to -50° dip at end of hole (lifted over 10°). This resulted in the actual pierce point being some 37 meters above the planned pierce point, and ultimately the drill hole intersecting into a lower grade domain evident in the returned assay result of 7m @ 1.53g/t Au from 265m. The Western Queen South gold deposit remains open down-plunge and down-dip. Future proposed drilling will attempt to better account for the expected lifting of the dip angle when targeting down-plunge extensions to the open high grade mineralisation.

Figure 4 - Western Queen South Deposit longsection showing gram meter contouring and select drill hole intersections.

Western Queen Gold Next Steps

• Complete a revised Mineral Resource Estimate with updated open pit and underground stope optimisations using a gold price of A$3,500 (closer to spot) compared to the A$2,700 used in the 2021 Resources Estimate.
• Review options for funding partner arrangements to fast track open pit mining at Western Queen.
• Drill hole planning to complete a high impact drilling program targeting the newly recognised parallel lode at Western Queen South and further high-grade targets between Western Queen Central and Western Queen South. Drilling is expected to commence during October.

About Western Queen Project

The Western Queen Gold Project lies 110km NW of Mt Magnet within the Yalgoo mineral field of Western Australia ("the Project"). The Project comprises of two contiguous mining leases (M59/45 and M59/208) for a total area of 9.8 km². In addition to the mining leases, there includes L59/40 (Miscellaneous License) which covers a portion of the original haul road between Western Queen and Dalgaranga. The Dalgaranga mill processed the historic ore reserves from the Western Queen Central deposit. The original haul road is still open and is the main access into the Project. Rumble holds 100% equity in the Project. Surrounding the Western Queen Project is the Wardawarra Project (100% Rumble). The Wardawarra Project consists of a single granted exploration license (E20/967) and two exploration license applications (ELA59/2443 and ELA59/2816).

The Project is located within a 100km radius of three operating gold processing mills (Figure 5). The closest mill is the Dalgaranga Mill (48km by road) which has a capacity of 2.5 Mtpa. The Checkers Mill (Mt Magnet) has a capacity of 1.9 Mtpa and the Tuckabianna Mill has a capacity of 1.2 Mtpa. The two mined deposits at the Western Queen Gold Project have a combined historic production of 880,000t @ 7.6 g/t Au for 215,000oz. The Western Queen (Central) Mine produced 660,000t @ 8.9 g/t Au for 189,500oz and the Western Queen South Mine (from two stages) produced 220,000t @ 3.6 g/t Au for 25,500oz.

In August 2021, Rumble announced an updated mineral resource (indicated and inferred) of:

2.1 Mt @ 2.42 g/t Au for 163,200 oz4 – refer to Table 2

Figure 5 - Location Plan of the Western Queen Gold Project

Within both the Western Queen Project area and the surrounding Wardawarra Project there is high potential to add significantly to the current resource. Gold mineralisation is associated with a structural jog zone within a major orogenic shear which trends north-south along the Wardawarra Greenstone Belt (refer Figure 6). The structural jog cuts across amphibolite (after basalt and dolerite) and ultramafic lithologies. At the Western Queen Central deposit, a very high-grade gold skarn has developed within the ultramafic rocks, with an average grade of 8.9g/t Au recorded in historic production. The skarn is tremolite after diopside and plunges moderately to the south. At the Western Queen South deposit, high-grade gold potassic altered quartz-

sulphide (with significant tungsten) lodes have developed in fine to medium grain amphibolite and plunge also moderately to the south.

Rumble considers there is significant potential for plunge continuity of the high-grade gold zones. To date, the deepest drilling completed was below the Western Queen Central deposit which returned 4.7m @ 6.06 g/t Au from 485.5m (approximately 430m below surface) which included 0.7m @ 26.6 g/t Au from 488.3m.

Potential for new discoveries and gold additional resources is highlighted proximal and along strike of the Western Queen Shear Zone below in Figure 6.

Figure 6 - Western Queen Gold Project – Resources, Prospects and Tenure over 1VD RTP Air Magnetics

Authorisation

This announcement is authorised for release by Peter Harold, Managing Director and CEO of the Company. -Ends-

For further information visit rumbleresources.com.au or contact info@rumbleresources.com.au.

Peter Harold	Peter Venn	Trevor Hart
Managing Director & CEO	Technical Director	Chief Financial Officer
Rumble Resources Limited.	Rumble Resources Limited	Rumble Resources Limited
info@rumbleresources.com.au

Hole ID	E MGA	N MGA	Depth (m)	Dip	Azi	From (m)		To (m)	Width (m)	WO3 %	Au (g/t)<0.10
WQRC032	512579.7	6955084	101	-60	87		69	81	12	0.56	0.46
						Incl.	70	72	2	2.48	0.12
WQRC178	512300.7	6954638	240	-49.4	128		202	214	12	0.34	3.22
						Incl.	206	213	7	0.49	4.71
						And	218	224	6	0.15	0.51
WQRC101	512346.5	6954732	240	-51	132		90	93	3	0.69
						And	159	161	2	1.55
WQRC176	512290.1	6954586	230	-50	129		195	202	7	0.25	2.74
						And	220	225	5	0.31	0.31
WQRC098	512523.1	6955275	266	-50	131		198	206	8	0.25
						And	217	219	2	0.37	2.18
WQRC019	512536.7	6955038	131	-59	102		76	85	9	0.22	0.35
						Incl.	81	83	2	0.75	0.48
						And	96	99	3	0.13
WQRC030	512559.9	6955069	95	-60	89		66	67	1	0.38	0.89
						And	73	75	2	0.11	0.24
						And	84	92	8	0.13
WQDD015	512213	6954455		61	123		265	272	7	1.53

Table 1 - Drill Hole Location, Survey and Assay Result

Previous ASX Announcements – Western Queen Gold Project

• 6/8/2019 Option to Acquire High-Grade Western Queen Gold Project
• 4/11/2019 Western Queen Gold Project Multiple Targets to be Drilled
• 22/11/2019 Drilling Commenced at Western Queen Gold Project
• 17/2/2020 High Grade Gold Discovery at the Western Queen Project
• 25/2/2020 Drilling Commenced at the Western Queen Gold Project
• 14/4/2020 Exploration Update Three Drill Programmes Completed
• 20/5/2020 Drilling Identifies Multiple High-Grade Gold Shoots
• 9/6/2020 Major Drill Programme to Commence Western Queen Gold Project
• 24/6/2020 Major Drill Programme Commenced at The Western Queen Gold Project
• 16/7/2020 500% Increase in Landholding Extends Western Queen Project
• 31/8/2020 Option Exercised to Acquire the Western Queen Gold Project
• 10/9/2020 100% Acquisition of Western Queen Gold Project Complete
• 4/11/2020 Discovery High-Grade Gold Shoots and Shear Zone Extension
• 3/2/2021 High-Grade Gold Shoots at Western Queen South Deposit
• 2/8/2021 Western Queen Resource Upgrade to 163,000oz
• 29/4/2024 Drilling to test High-Grade Gold Zones at Western Queen
• 29/5/2024 Western Queen Drilling Commenced
• 16/7/2024 Western Queen Drilling Update
• 6/8/2024 High-Grade Tungsten Discovery at Western Queen

About Rumble Resources Ltd

Rumble Resources Ltd is an Australian based exploration company, listed on the ASX in July 2011. Rumble was established with the aim of adding significant value to its selected mineral exploration assets and to search for suitable mineral acquisition opportunities both in Australia and abroad. The discovery of the Earaheedy Zn-Pb-Ag Project in Western Australia has demonstrated the capabilities of the team to find world class orebodies.

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 Luke Timmermans, who is a Member of the Australian Institute of Geoscientists. Mr Timmermans is an employee of Rumble Resources Limited. Mr Timmermans 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 Timmermans 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.

Prospect	MiningMethod	Cut-off g/t	Classification	Tonnes (t)	Au g/t	ContainedMetal
			Indicated	273,946	1.23	10,833
WQ	ОC	0.5	Inferred	1.545	1.06	53
Central			Total	275,491	1.23	10,894
			Indicated	33,032	4.99	5,299
	UG	1.5	Inferred	347.774	3.98	44,499
			Total	380,806	4.06	49,705
			Indicated	306,978	1.63	16,132
	TOTAL		Inferred	349,319	3.97	44.552
			Total	656,297	2.88	60,684
WQ South			Indicated	745,150	2.04	48,870
	OC	0.5	Inferred	254.738	2.32	19,000
			Total	999,888	2.11	67,828
			Indicated	17,090	3.9	2.143
	UG	1.5	Inferred	423,897	2.39	32,571
			Total	440,987	2.45	34.735
			Indicated	762.240	2.08	51,013
	TOTAL		Inferred	678,635	2.36	51,571
			Total	1.440.875	2.21	102,584
			Indicated	1,069,218	1.95	67,145
WQ MRE	O/C and UG		Inferred	1,027,954	2.91	96,123
			Total	2,097,172	2.42	163,268

Table 2 – Mineral Resource Estimate Tabulation for the Western Queen Gold Project

Section 1 Sampling Techniques and Data

Criteria	JORC Code explanation	Commentary
Samplingtechniques	•Nature and quality of sampling (e.g. cut channels,random chips, or specific specialised industrystandard measurement tools appropriate to theminerals under investigation, such as down holegamma sondes, or handheld XRF instruments,etc.). These examples should not be taken aslimiting the broad meaning of sampling.•Include reference to measures taken to ensuresample representivity and the appropriatecalibration of any measurement tools or systemsused.•Aspects of the determination of mineralisation thatare Material to the Public Report.•In cases where 'industry standard' work has beendone this would be relatively simple (e.g. 'reversecirculation drilling was used to obtain 1 m samplesfrom which 3 kg was pulverised to produce a 30 gcharge for fire assay'). In other cases moreexplanation may be required, such as where thereis coarse gold that has inherent sampling problems.Unusual commodities or mineralisation types (e.g.submarine nodules) may warrant disclosure ofdetailed information.	•Diamond Core Sampling -Sampledto visible mineralisation. Diamondcore sampling is ½ core. Standardand blank used for W sampling.•RC Sampling – 1 metre cone splitsamples with duplicate every 20,CRM standard (mixed OREAShigh-grade and lowgrade gold)every 20 samples and CRM blankevery 20 samples. Samples are >2kg.
Drillingtechniques	•Drill type (e.g. core, reverse circulation, open-holehammer, rotary air blast, auger, Bangka, sonic, etc.)and details (e.g. core diameter, triple or standardtube, depth of diamond tails, face-sampling bit orother type, whether core is oriented and if so, bywhat method, etc.).	•Diamond core is NQ2. Core isoriented•RC face hammer (5.5 inch),including pre-collar to diamondcore tail.
Drill samplerecovery	•Method of recording and assessing core and chipsample recoveries and results assessed.•Measures taken to maximise sample recovery andensure representative nature of the samples.•Whether a relationship exists between samplerecovery and grade and whether sample bias mayhave occurred due to preferential loss/gain offine/coarse material.	•Diamond core sample collected intrays, orientated, logged, pXRFand magsus data collected, andphotographed on site. Core traystransported to Rumble facilities inPerth to be cut and sampled.100% core recovery was obtained.•RC sample chips collected fromsplitter as > 2-3kg sample.Remaining sample collected inplastic bags (approximately 3-40kgs). Every metre, a referencechip sample is collected.Geologically logged on site.
Logging	•Whether core and chip samples have beengeologically and geotechnically logged to a level ofdetail to support appropriate Mineral Resourceestimation, mining studies and metallurgicalstudies.•Whether logging is qualitative or quantitative innature. Core (or costean, channel, etc.)photography.•The total length and percentage of the relevantintersections logged.	•Diamond core is geological,structural and geotechnicallogged with full orientation andphotography. Core recovery iscalculated based on runs(typically 3m). Entire diamondcore logged includingmineralisation and country rock.•Core photographed post markingup dry and wet.•RC chip sample logging includesgeological and first passgeotechnical appraisal.
Subsamplingtechniques	•If core, whether cut or sawn and whether quarter,half or all core taken.•If non-core, whether riffled, tube sampled, rotarysplit, etc. and whether sampled wet or dry.	•Diamond core was orientated andmarked based on 1 metre orgeological boundaries. The corewas cut 30 degrees off the

Criteria	JORC Code explanation	Commentary
and samplepreparation	•For all sample types, the nature, quality andappropriateness of the sample preparationtechnique.•Quality control procedures adopted for all subsampling stages to maximise representivity ofsamples.•Measures taken to ensure that the sampling isrepresentative of the in situ material collected,including for instance results for fieldduplicate/second-half sampling.•Whether sample sizes are appropriate to the grainsize of the material being sampled.	orientation mark (retaining in traythe orientation mark) line.•For duplicates (approximatelyevery 20 samples), the half corewas quartered. At all times, halfcore was retained for futurereference.•RC samples are cone split.Samples were both wet and dry.Wet samples via cone splitter.•RC sample size was generallyconsistent > 2kg
Qualityofassay dataandlaboratorytests	•The nature, quality and appropriateness of theassaying and laboratory procedures used andwhether the technique is considered partial or total.•For geophysical tools, spectrometers, handheldXRF instruments, etc., the parameters used indetermining the analysis including instrument makeand model, reading times, calibrations factorsapplied and their derivation, etc.•Nature of quality control procedures adopted (e.g.standards, blanks, duplicates, external laboratorychecks) and whether acceptable levels of accuracy(i.e. lack of bias) and precision have beenestablished.	•For Tungsten (W), assayingmethodology utilised completedigest through fusion XRF.Lithium borate fusion andanalysed by XRF.•For Gold (Au) All assaying wasby 30-gram charge Fire Assaywith AA finish (total digest).•Standards were industry CRMsfrom OREAS which includedlow-grade and high- gradealong with certified blanksCRM's include – G316-1, G916-4, G913-1, G915-2 and G313-4.•In addition all samples wereanalysed by pXRF andmagnetic
Verificationof samplingandassaying	•The verification of significant intersections by eitherindependent or alternative company personnel.•The use of twinned holes.•Documentation of primary data, data entryprocedures, data verification, data storage (physicaland electronic) protocols.•Discuss any adjustment to assay data.	•Verificationofsignificantintersections byRumblepersonnel.•No twinned holes completed.•Alldataanddocumentationareelectronic, backed up to companysharepoint.•Loggingusingdigitalsoftwarepackage. pXRF, survey and otherdata entered using excel.•Compete hole data and assayresults sent to company databaseadministrator to load into onlinehosted database.
Location ofdata points	•Accuracy and quality of surveys used to locate drillholes (collar and down-hole surveys), trenches,mine workings and other locations used in MineralResource estimation.•Specification of the grid system used.•Quality and adequacy of topographic control.	•Diamond drill-hole collars havebeen surveyed using handheldGPS. DGPS survey to becompleted.•RC drillhole collars have beensurveyed using DGPS•Grid system is MGA94 Zone 50.•Down-hole surveys were completedby Gyro.
Dataspacing anddistribution	•Data spacing for reporting of Exploration Results.•Whether the data spacing and distribution issufficient to establish the degree of geological andgrade continuity appropriate for the MineralResource and Ore Reserve estimation procedure(s)and classifications applied.•Whether sample compositing has been applied.	•Data spacing is based on surfaceDGPS drill hole pick-up includingRL.
Orientationofdatainrelationto	•Whether the orientation of sampling achievesunbiased sampling of possible structures and theextent to which this is known, considering the	•Initial structural interpretationindicates near true width ofmineralisation.

Criteria	JORC Code explanation	Commentary
geologicalstructure•	deposit type.If the relationship between the drilling orientationand the orientation of key mineralised structures isconsidered to have introduced a sampling bias, thisshould be assessed and reported if material.	•Orientation of sampling versusstructure and trend of goldmineralisation is known based onlarge historic database
Sample•security	The measures taken to ensure sample security.	•All samples managed andtransported by Rumble personnelfrom mining lease to laboratory.
Auditsor•reviews	The results of any audits or reviews of samplingtechniques and data.	•No audits completed.

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 Projectcomprises two mining leases(M59/45 and M59/208) and threeexploration license applications(E20/967, E59/2816 andE59/2443).•Rumble has acquired100% of the project.•The mining licenses andexploration licence E20/967are granted, in a state of goodstanding and have no knownimpediments. Explorationlicences E59/2816 andE59/2443 are underapplication.•Production royalties include$20/oz on existing resources with$8/oz on new open pit resourcesand $6/oz on new undergroundresources.
Explorationdone by otherparties	•Acknowledgment and appraisal of exploration byother parties.	•RC and Diamond core drillingcompleted by Rumble.•RC completed in 2021. Diamondcompleted in 2024•Gold Assays partially reported in2021 - See announcement dated
Geology	•Deposit type, geological setting and style ofmineralisation.	3/2/2021•Deposit type is scheelite pyroxenegold exoskarn considered to be alate stage event within theorogenic shear zone hosted goldin Archaean greenstones of theYilgarn Craton.
DrillholeInformation	•A summary of all information material to theunderstanding of the exploration results includinga tabulation of the following information for allMaterial drill holes:easting and northing of the drill hole collaroelevation or RL (Reduced Level – elevationoabove sea level in metres) of the drill holecollardip and azimuth of the holeodown hole length and interception depthohole length.o•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 thecase.	•Table 1 - Drill Hole Location, Surveyand Assay Result•Table 2 – Mineral ResourceEstimate Tabulation for the WesternQueen Gold Project
Dataaggregationmethods	•In reporting Exploration Results, weightingaveraging techniques, maximum and/orminimum grade truncations (e.g. cutting ofhigh grades) and cut-off grades are usuallyMaterial and should be stated.•Where aggregate intercepts incorporate	•Weighted averaging of resultscompleted for diamond core andRC drilling.•Cut-off grade – no statisticsapplied

Criteria	JORC Code explanation	Commentary
	short lengths of high-grade results andlonger lengths of low-grade results, theprocedure used for such aggregation shouldbe stated and some typical examples ofsuch aggregations should be shown indetail.•The assumptions used for any reporting ofmetal equivalent values should be clearlystated.
Relationshipbetweenmineralisationwidthsandinterceptlengths	•These relationships are particularlyimportant in the reporting of ExplorationResults.•If the geometry of the mineralisation withrespect to the drill hole angle is known, itsnature should be reported.•If it is not known and only the down holelengths are reported, there should be a clearstatement to this effect (e.g. 'down holelength, true width not known').	•The dip of the main scheelitemineralisation zone is inferredapproximately 70° to the west.•Geological interpretation of assayresults indicates they are close totrue width.
Diagrams	•Appropriate maps and sections (with scales)and tabulations of intercepts should beincluded for any significant discovery beingreported These should include, but not belimited to a plan view of drill hole collarlocations and appropriate sectional views.	•Figure 1 - Western Queen Project– Plan highlighting contouredmaximum pXRF W in Drill Holesand location and intercepts ofsignificant W intersections frompulp samples and WQDD013.•Figure 2 – WQDD013 (0.65m @18.35 WO3) scheelite intersectionunder UV light•Figure 3 - Size and Gradecomparison of worldwide tungstenresources for operating mines(green) and resourcedevelopment projects (blue)•Figure 4 - Western Queen SouthDeposit longsection showing grammeter contouring and select drillhole intersections.
Balancedreporting	•Where comprehensive reporting of allExploration Results is not practicable,representative reporting of both low and highgrades and/or widths should be practiced toavoid misleading reporting of ExplorationResults.	•Table 1 - Drill Hole Location,Survey and Assay Result•Table 2 – Mineral ResourceEstimate Tabulation for theWestern Queen Gold Project
Othersubstantiveexplorationdata	•Other exploration data, if meaningful andmaterial, should be reported including (butnot limited to): geological observations;geophysical survey results; geochemicalsurvey results; bulk samples – size andmethod of treatment; metallurgical testresults; bulk density, groundwater,geotechnical and rock characteristics;potential deleterious or contaminatingsubstances.	•All RC and DD samples collectedfor assay were concurrentlyassayed by pXRF.
Further work	•The nature and scale of planned furtherwork (e.g. tests for lateral extensions ordepth extensions or large-scale step-outdrilling).•Diagrams clearly highlighting the areas ofpossible extensions, including the maingeological interpretations and future drilling	•Ongoing geological interpretation•Re-assaying of further fortungsten•Sampling of historic core fortungsten•Investigation on completing amaiden Mineral Resource

Criteria	JORC Code explanation	Commentary
	areas, provided this information is notcommercially sensitive.	Estimate (MRE) for tungsten•Complete MRE update forWestern Queen Gold Resource•Complete drill program targetingboth gold and tungstenmineralisation