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RUMBLE RESOURCES LIMITED Capital/Financing Update 2026

Feb 11, 2026

65736_rns_2026-02-11_c37e881d-1dae-4da9-b5b6-4bf157dc181e.pdf

Capital/Financing Update

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ASX ANNOUNCEMENT

12 February 2026

High-grade gold intercept extends Western Queen South mineralisation to over 500m down plunge

Early drilling at Western Queen Central continues to deliver exceptional intercepts including 6.3m @ 24.88 g/t Au from 305m

  • Extensional drilling at Western Queen South has extended high-grade mineralisation to over 500m down plunge with WQDD043 returning a significant (50[+] gram x metre) intercept of:

  • 12.2m @ 5.13 g/t Au from 456m

    • including 2.2m @ 23.70 g/t Au from 466m
  • Infill drilling at Western Queen South has resulted in further high-grade gold intercepts:

  • 10m @ 3.39 g/t Au from 215m

    • including 3m @ 8.01 g/t Au from 219m

    • and 4m @ 4.77 g/t Au from 234m

  • 5m @ 4.90 g/t Au from 326m

  • 27m @ 1.94 g/t Au from 294m

    • including 8m @ 4.03 g/t Au from 300m
  • 17m @ 2.62 g/t Au from 344m

    • including 2m @ 10.48 g/t Au from 350m

    • and including 3m @ 4.84 g/t Au from 358m

  • High grade gold results expected to inform an updated Mineral Resource Estimate, planned for 2026

Peter Harold, Managing Director and CEO commented:

“These are fantastic results and highlight the significant resource growth potential at both Western Queen South and Central. The high-grade results of the infill drilling at Western Queen South provide strong confidence as we advance towards an updated gold Mineral Resource estimate. We plan to deliver this update ahead of the commencement of mining, which remains on track to begin in the second half of this year.”

“The drilling is certainly achieving the desired goals of finding more high-grade mineralisation and extending the mineralisation down plunge to grow the resources. These results are a credit to the exploration team and DDH1 and we look forward to receiving more positive results as the drilling progresses.”

Rumble Resources Limited ASX: RTR ABN 74 148 214 260

Head Office Level 1, 16 Ord St West Perth, Western Australia 6005

rumbleresources.com.au T: +61 8 6555 3980 E: [email protected]

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Rumble Resources Limited (ASX: RTR) (“ Rumble ” or the “ Company ”) is delighted to provide an update on the current 20,000m diamond drilling program that commenced in October 2025 to grow and upgrade the Mineral Resource Estimate outlined at the Western Queen Gold Project (“ Western Queen ” or the “ Project ”).

Western Queen is located approximately 40 km northwest of Ramelius’s Dalgaranga Gold Project and 90km northwest of Mt Magnet, in Western Australia, and contains reported resources totalling 370,000oz Au at 3.1g/t Au[1] .

Western Queen South – Gold mineralisation

Results for an additional 12 diamond drill holes at Western Queen South have recently been received (see Figure 1), returning exceptional high grade gold intercepts.

WQDD043 was drilled to test the potential extension of the high-grade mineralisation identified 300m up plunge to the north. Consequently, drilling intersected a significant high-grade gold intercept:

  • 12.2m @ 5.13 g/t Au from 456m (WQDD043)

  • including 2.2m @ 23.70 g/t Au from 466m

This hole now extends the high-grade mineralisation (50[+] gram x metres) to over 500m down plunge from the base of the Western Queen South Open Pit. Further drilling is planned to follow up this intercept, and other excellent results.

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Figure 1 - Western Queen South – gram x metre contours with selected drill hole intersections – longitudinal section

1 Refer to Rumble ASX release 23 July 2025 “Significant Increase to Western Queen Gold Resources to 370koz at 3.1g/t Au”

Rumble Resources Limited ASX: RTR ABN 74 148 214 260

Head Office Level 1, 16 Ord St West Perth, Western Australia 6005

rumbleresources.com.au T: +61 8 6555 3980 E: [email protected]

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Additionally, further high-grade assay results were returned from infill drilling at Western Queen South, and include:

  • 5m @ 2.46 g/t Au from 264m (WQDD044)

  • and 5m @ 3.25 g/t Au from 273m

  • 10m @ 3.39 g/t Au from 215m (WQDD045)

  • including 3m @ 8.01 g/t Au from 219m

  • and 16m @ 2.17 g/t Au from 233m

  • including 4m @ 4.77 g/t Au from 234m

  • 12m @ 2.55 g/t Au from 324m (WQDD047)

  • including 5m @ 4.90 g/t Au from 326m

  • 27m @ 1.94 g/t Au from 294m (WQDD050)

  • including 8m @ 4.03 g/t Au from 300m

  • 17m @ 2.62 g/t Au from 344m (WQDD051A)

  • including 2m @ 10.48 g/t Au from 350m

  • and including 3m @ 4.84 g/t Au from 358m

  • 11m @ 2.22 g/t Au from 311m (WQDD053)

Drilling at Western Queen South was temporarily halted in late December 2025 whilst awaiting receipt of the large backlog of assay results from the laboratory, allowing drilling to continue at Western Queen Central. Now that results have been received and collated for the majority of holes completed, follow up drilling will recommence at Western Queen South in February.

Infill drilling down to 300m vertical depth as well as extension drilling to follow up on the success of WQDD043 has been planned.

Western Queen Central – Gold mineralisation

Following the exceptional result ( 5.8m @ 30.72g/t Au from 314.6m) from the first hole drilled (WQDD052) at Western Queen Central[2] , a further six holes have been drilled in 2026 for a total of 2,246m. Results have been received for two holes including a new high-grade intercept of:

  • 6.3m @ 24.88 g/t Au from 305m (WQDD057)

WQDD057 further extends the high-grade mineralisation up plunge towards the historical (2001) Western Queen Central underground workings (see Figure 2). Additional holes have subsequently been drilled to test the continuity of this open high-grade mineralisation up-plunge and results are pending.

The mineralisation occurs at the contact between a retrograde tremolite/actinolite skarn and later quartz veining, which is recognised as the typical mineralisation style at the Western Queen Central Deposit.

The only other assay result at Western Queen Central to date was:

  • 6m @ 1.48 g/t Au from 358m (WQDD055)

Unfortunately, this hole lifted above the planned target zone. Subsequent drilling has targeted the down plunge position of the Western Queen Central trend and assay results are pending.

Follow up drilling at Western Queen Central will occur at the end of the current drill program once assays have been received and more detailed structural and lithological modelling has been completed.

2 ASX release date 14 January 2026 “Multiple high-grade gold intercepts at Western Queen including 30.72g/t Au over 5.8 metres”

Rumble Resources Limited ASX: RTR ABN 74 148 214 260

Head Office Level 1, 16 Ord St West Perth, Western Australia 6005

rumbleresources.com.au T: +61 8 6555 3980 E: [email protected]

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Figure 2 – Western Queen Central and Princess gram x metre contours with selected drill hole intersections - longitudinal section

Western Queen South – Tungsten mineralisation

Tungsten assays for the holes outlined in this announcement have not yet been received from the laboratory but will be reported on return.

In August 2025, Rumble announced a maiden tungsten Mineral Resource Estimate (Inferred) of 4.31Mt @ 0.31% WO3 for 13.2kt WO3[3] . The tungsten mineralisation at Western Queen remains open in all directions.

Preliminary metallurgical test work has indicated a significant revenue stream could be generated from the tungsten bearing

material. This needs to be verified with detailed metallurgical testwork, a detailed mining schedule and scoping study. A bulk sample of the tungsten bearing (scheelite) material is currently undergoing metallurgical testing by ALS Metallurgy. The aim of this program is to develop a grade versus recovery curve for the scheelite material to be used to determine the quantum of the tungsten revenue stream and whether it can be generated concurrently with the mining of the Western Queen South gold mineralisation.

3 ASX release date 11 August 2025 “Maiden Tungsten Resource of 13,200 tonnes of WO3 highlights the exceptional potential of the Western Queen Project”

Rumble Resources Limited ASX: RTR ABN 74 148 214 260

Head Office Level 1, 16 Ord St West Perth, Western Australia 6005

rumbleresources.com.au T: +61 8 6555 3980 E: [email protected]

4

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Western Queen Next Steps

Gold

  • Complete 20,000m drill campaign - One rig at Western Queen Central ahead of a second rig returning in February.

  • Metallurgical testwork - Six diamond holes from the current infill program have been selected to provide samples for a metallurgical testwork program to validate the previous high metallurgical recoveries from Western Queen South.

  • Resources update - Aim is to report an updated gold Mineral Resource Estimate in 2026.

Tungsten

  • Further drilling - Interpret tungsten assay results and plan further holes as part of the current drill program.

  • Metallurgical testwork/Scoping Study - Complete metallurgical testwork on bulk scheelite sample and progress to Scoping Study in 2026.

  • Resources update – Target an updated tungsten Mineral Resource Estimate scheduled for 2026.

About Western Queen

The Western Queen Gold Project (“ Western Queen ” or the “ Project ”) lies 90km NW of Mt Magnet within the Yalgoo mineral field of Western Australia. 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, it includes L59/40 (Miscellaneous License) which covers a portion of the original haul road between Western Queen and Dalgaranga.

The Dalgaranga plant processed the historical 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 Western Queen is the Wardawarra Project (100% Rumble). The Wardawarra Project consists of a single granted exploration license (E20/967) and two exploration licence applications (E59/2816 and E59/3012).

Western Queen is strategically located within 200km of five gold processing plants (see Figure 3).

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Figure 3 - Location Plan of the Western Queen Gold Project

Rumble Resources Limited ASX: RTR ABN 74 148 214 260

rumbleresources.com.au Head Office T: +61 8 6555 3980 Level 1, 16 Ord St E: [email protected] West Perth, Western Australia 6005

5

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The two deposits mined at the Western Queen had a combined historical 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 July 2025, Rumble announced an updated Mineral Resource Estimate (Indicated and Inferred) of 3.72Mt @ 3.1 g/t Au for 370,000 oz[4] .

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 (see Figure 4).

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 historical 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 lodes have developed in fine to medium grain amphibolite and plunge moderately to the south.

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Figure 4 - Western Queen Shear Zone Prospectivity over TMI Airborne Magnetics

4 ASX release date 23 July 2025 “Significant Increase to Western Queen Gold Resources 370koz @ 3.1g/t Au”

Rumble Resources Limited ASX: RTR ABN 74 148 214 260

rumbleresources.com.au Head Office T: +61 8 6555 3980 Level 1, 16 Ord St E: [email protected] West Perth, Western Australia 6005

6

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Authorisation

This announcement is authorised for release by the Board of the Company.

-Ends-

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

For further information visit rumbleresour ces.com.auor contactinfo@rumbleresour ces.com.au
Peter Harold
Managing Director & CEO
Rumble Resources Limited
Peter Venn
Technical Director
Rumble Resources Limited
Trevor Hart
Chief Financial Officer
Rumble Resources Limited
About Rumble
Rumble Resources 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 in Western Australia.
Rumble has a unique suite of resources projects including the Western Queen Gold-Tungsten Project which is being
developed to deliver near term cash flow from the existing underground resources and resource growth through future
exploration success. In addition, the discovery of the Earaheedy Zn-Pb-Ag Project has demonstrated the capabilities of the
exploration 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 Simon Davies, who is a Member of the Australian Institute of Geoscientists. Mr Davies is an employee of Rumble Resources Limited. Mr Davies 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 Davies 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.

Rumble Resources Limited ASX: RTR ABN 74 148 214 260

Head Office Level 1, 16 Ord St West Perth, Western Australia 6005

rumbleresources.com.au T: +61 8 6555 3980 E: [email protected]

7

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Table 1 - Drill Hole Location, Survey, and Gold Assay Results

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Rumble Resources Limited ASX: RTR ABN 74 148 214 260

rumbleresources.com.au Head Office T: +61 8 6555 3980 Level 1, 16 Ord St E: [email protected] West Perth, Western Australia 6005

8

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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 Programs Completed

  • 20/5/2020 – Drilling Identifies Multiple High-Grade Gold Shoots

  • 9/6/2020 – Major Drill Program to Commence – Western Queen Gold Project

  • 24/6/2020 – Major Drill Program 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

  • 2/9/2024 – Tungsten Discovery at Western Queen Confirmed

  • 27/09/2024 - Rumble welcomes new Strategic Investor

  • 15/10/2024 – Western Queen Gold Resources increased 76% to 287koz

  • 20/11/2024 – Commencement of Drilling at Western Queen

  • 28/11/2024 – Development of Western Queen Gold Project

  • 11/12/2024 – High-Grade Tungsten Assays Highlights Resource Potential at WQ

  • 17/2/2025 – High-grade Gold and Tungsten Assays from Phase 1 Drilling

  • 28/2/2025 – Development of Western Queen Gold Project.

  • 4/2/2025 – High Grade Tungsten from Historical Core

  • 16/4/2025 – Western Queen - Mine Development and Exploration Update

  • 30/5/2025 – Western Queen Gold Mine Development

  • 4/6/2025 – High-grade Gold and Tungsten at Western Queen Project

  • 23/7/2025 – Significant Increase to Western Queen Gold Resources.

  • 4/8/2025 – High-Grade Tungsten Assays at Western Queen.

  • 11/8/2025 – Maiden Tungsten Resource at Western Queen Project

  • 01/10/2025 – Western Queen Exploration and Development Update

  • 22/10/2025 - Western Queen Drilling and Development Update

  • 27/11/2025 - Western Queen South Scoping Study Highlights Robust Underground Mining Project

  • 22/12/2025 - Western Queen Drilling & Mine Development Update

  • 14/01/2026 - Multiple high-grade gold intercepts at Western Queen including 30.72g/t Au over 5.8 metres

Rumble Resources Limited ASX: RTR ABN 74 148 214 260

Head Office Level 1, 16 Ord St West Perth, Western Australia 6005

rumbleresources.com.au T: +61 8 6555 3980 E: [email protected]

9

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Section 1 Sampling Techniques and Data

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 limiting the broad
meaning of sampling.

Include reference to measures taken to ensure sample
representivity and the appropriate calibration of any
measurement tools or systems used.

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 charge for fire assay’). In other cases, more
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.

Diamond Core Sampling - Sampled to
visible mineralisation or lithological
boundaries. Otherwise to 1m intervals.

Diamond core sampling is ½ core or ¼
core when sample is required for
metallurgical test work for NQ2 and ¼
core for HQ3.

Standards, blanks and duplicates inserted
at a rate of 8%. 4% Standards, 2% Blanks,
2% duplicates. Additional standards,
blanks and duplicates inserted where
required.

pXRF readings taken with a Vanta M series
device every metre on clean
representative core. 2 beams with 10
second run times each.
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.).

Diamond Rigs are Sandvik DE880s.

Collars are drilled with mud rotary to
refusal. HQ3 then NQ2 core is drilled.

Core is oriented using a downhole AXIS ori
tool.
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.

Diamond core sample collected in trays,
orientated, logged, pXRF, and
photographed on site. Core was cut and
sampled by Rumble staff onsite.

100% core recovery was obtained.
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.

Diamond core is geologically, structurally
and geotechnically logged with full
orientation and photography. Core
recovery is calculated based on 1m
intervals. Entire diamond core logged
including mineralisation and country rock.

pXRF data will be used to refine logging of
units, particularly using the Ti/Zr ratio.

Core photographed post marking up dry
and wet.
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-sampling stages
to maximise representivity of 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.

Diamond core was orientated and marked
based on 1 metre or geological
boundaries. The core was cut 30 degrees
off the orientation mark line (retaining in
tray the orientation mark).

For duplicates (approximately every 20
samples), sample is split at the crushing
stage at ALS Laboratories. At all times, half
core was retained for future reference.
Quality of
assay data
and

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

Forgeophysical tools, spectrometers, handheld XRF

Sample preparation by crushing, splitting
to 3kg sample if required, and pulverising
of up to 3kg.

Rumble Resources Limited rumbleresources.com.au Head Office ASX: RTR T: +61 8 6555 3980 Level 1, 16 Ord St ABN 74 148 214 260 E: [email protected] West Perth, Western Australia 6005

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Criteria
JORC Code explanation
Commentary
laboratory
tests
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.

For tungsten (W), assaying methodology
utilised complete digest through lithium
borate fusion with an ICP-MS finish. High
grade samples that could not be
determined by this method underwent a
lithium metaborate - lithium tetraborate
fusion with an XRF finish.

Certified tungsten standards were: CDN-
W-4 and CDN-W-6.

In addition, each metre of core was
analysed by Vanta M Series pXRF, with 2
10 second beams.

Blanks and standards analysed at the
beginning of each usage of pXRF.

For Gold (Au) assaying was completed by
50g charge Fire Assay with AA finish (total
digest).

Certified Gold standards were industry
CRMs from OREAS and Geostats which
included low-grade and high-grade along
with blanks.
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.

Verification of significant intersections by
Rumble personnel.

No twinned holes completed.

All data and documentation are
electronic, backed up to company
SharePoint or Dropbox.

Logging using digital software package.
pXRF, survey and other data entered using
excel.

Complete hole data and assay results sent
to company database administrator to
load into online hosted 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.

Diamond drill-hole collars have been
surveyed using handheld GPS. DGPS survey
to be completed.

Rumble has flown a high-resolution DEM
to ascertain topographic control for
collars where the natural surface still
exists.

Down-hole surveys were completed by
Gyro every 20 to 30 m.
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.

Data spacing is based on surface DGPS
drill hole pick-up including RL, and
historical survey data.
Orientation of
~~data in~~

Whether the orientation of sampling achieves unbiased
sampling of possible structures and the extent to which this is
~~known, considering the deposit type.~~

Structural orientation of mineralisation is
well known. Most historical drilling is
Rumble Resources Limited
ASX:RTR
ABN74 148 214 260
rumbleresources.com.au
T:+61 8 6555 3980
E:[email protected]
Head Office
Level 1, 16 Ord St
West Perth, Western Australia 6005
11

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Criteria JORC Code explanation JORC Code explanation Commentary Commentary
relation to If the relationship between the drilling orientation and the appropriately angled for this orientation.
geological
structure
orientation of key mineralised structures is considered to have
introduced a sampling bias, this should be assessed and
reported if material.
Drilling orientation is not considered to
have introduced a sampling bias.
Sample The measures taken to ensure sample security. All samples are managed and transported
by Rumble personnel from mining lease to
security laboratory.
Audits or The results of any audits or reviews of sampling techniques and
data.

No audits completed.
reviews

Rumble Resources Limited ASX: RTR ABN 74 148 214 260

Head Office Level 1, 16 Ord St West Perth, Western Australia 6005

rumbleresources.com.au T: +61 8 6555 3980 E: [email protected]

12

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Section 2 Reporting of Exploration Results

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 Western Queen Project comprises two mining licences
(M59/45 and M59/208), one exploration license E20/967
and two exploration licence applications (ELA59/2816 and
ELA59/3021).

Rumble owns 100% of the project.

The mining licenses and exploration licence E20/967 are
granted, in a state of good standing and have no known
impediments. Exploration licences ELA59/2816 and
ELA59/3021 are under application.

Production royalties for gold include $20/oz on existing
resources with $8/oz on new open pit resources and $6/oz
on new underground resources.
Exploration
done by other
parties

Acknowledgment and appraisal of
exploration by other parties.

RC and Diamond core drilling completed by Rumble 2020-
2025.

Previous drilling and surface sampling work by numerous
other parties conducted 1980s to 2010s.

Small scale mining conducted 1900s to 1930s.

Modern mining conducted 1999-2012 by multiple parties.
Geology

Deposit type, geological setting and style of
mineralisation.

Deposit type is scheelite pyroxene endoskarn considered to
be an early event which has been overprinted by an
orogenic shear hosted gold system in Archaean greenstones
of the Yilgarn Craton.

The mineralised system at the Western Queen is hosted in
sheared amphibolite. It is associated with sulphidic quartz
veins and has an overall steep WNW dip. The mineralised
zone is strongly recrystallised and massive.
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:
o easting and northing of the drill hole
collar
o elevation or RL (Reduced Level –
elevation above sea level in metres) of
the drill hole collar
o dip and azimuth of the hole
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.

Table 1 - Drill Hole Location, Survey, and Gold AssayResults
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

Weighted averaging (by length) of results completed for all
results.

Gold Results – Intervals calculated using a 0.5g/t minimum
grade cutoff and up to 2m of contiguous internal waste.
Intervals with at least 5 gram metres (g/t Au x interval
width) were reported.
~~•~~
~~WO3 Results – Intervals calculated u~~singa 0.1% WO3
Rumble Resources Limited
ASX:RTR
ABN74 148 214 260
rumbleresources.com.au
T:+61 8 6555 3980
E:[email protected]
Head Office
Level 1, 16 Ord St
West Perth, Western Australia 6005
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==> picture [130 x 32] intentionally omitted <==

Criteria JORC Code explanation Commentary Commentary
used for such aggregation should be stated minimum grade cutoff and up to 2m of contiguous internal
and some typical examples of such waste. Intervals with at least 0.5% metres (%WO3x interval
aggregations should be shown in detail. width) were reported.
The assumptions used for any reporting of
metal equivalent values should be clearly
No maximum cutoffs were used.
stated. WO3% was calculated as W% x 1.261
Relationship These relationships are particularly important
in the reporting of Exploration Results.

The dip of the scheelite and gold mineralisation zone is
inferred approximately 70° to the west.
between
mineralisation
widths and
If the geometry of the mineralisation with
respect to the drill hole angle is known, its
nature should be reported.
Geological interpretation of assay results indicates they are
close to true width.
intercept If it is not known and only the down hole
lengths 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)
and tabulations of intercepts should be
Figure 1 - Western Queen South – gram x metre contours
included for any significant discovery being with selected drill hole intersections – longitudinal section
reported These should include, but not be
limited to, a plan view of drill hole collar
locations and appropriate sectional views.
Figure 2 – Western Queen Central and Princess gram x
metre contours with selected drill hole intersections -
longitudinal section
Figure 3 - Location Plan of the Western Queen Gold Project
Figure 4 - Western Queen Shear Zone Prospectivity over TMI
Airborne Magnetics
Balanced Where comprehensive reporting of all
Exploration Results is not practicable,
Table 1 - Drill Hole Location, Survey, and Gold AssayResults
reporting 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
material, should be reported including (but
All diamond samples collected for assay were concurrently
assayed by pXRF.
substantive not limited to): geological observations;
exploration geophysical survey results; geochemical
data survey results; bulk samples – size and
method of treatment; metallurgical test
results; bulk density, groundwater,
geotechnical and rock characteristics;
potential deleterious or contaminating
substances.
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

Ongoing geological interpretation
Updating the Mineral Resource Estimates (MRE) for gold and
tungsten.
possible extensions, including the main Metallurgical test work on scheelite and gold.
geological interpretations and future drilling
areas, provided this information is not Depth extensions and infill drilling of Western Queen South
commercially sensitive. and Western Queen Central.

Rumble Resources Limited ASX: RTR ABN 74 148 214 260

rumbleresources.com.au Head Office T: +61 8 6555 3980 Level 1, 16 Ord St E: [email protected] West Perth, Western Australia 6005

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