RUMBLE RESOURCES LIMITED — Interim / Quarterly Report 2013

Oct 27, 2013

September 2013 Quarterly Activities Report

Highlights

• Rumble identified a Deep Root Zone to an interpreted mafic intrusive system through 3D inversion modelling of detailed gravity data at its Fraser Range Project
• The Deep Root Zone is coincident with Rumble's 'Ring' feature which is a sub circular rimmed magnetic feature visible in airborne magnetic data
• The 'Ring' feature has a broadly similar magnetic response and is of a similar size to Sirius Resources NL 'Eye' which is the host to the Nova and Bollinger nickelcopper sulphide deposits
• Rumble has engaged SEMS Exploration ("SEMS") a leading mineral exploration and mining consultancy company in West Africa to line clear for the upcoming maiden RC drill program.
• Rumble has renegotiated with its JV partner Canyon Resources Ltd to extend the 51% earn in commitment date to the 19th September 2014 which represents an extension of 6 months.

Rumble Resources Ltd ("Rumble" or "the Company") is pleased to provide an update of the Company's activities. Rumble currently has 5 project areas in Western Australia and one in Burkina Faso, West Africa.

Rumble's activities were focussed on the Derosa Project, a developing gold project in Burkina Faso, West Africa, and the Fraser Range Project, an exciting base metal project in WA.

Primary Exploration Activities

Fraser Range Project West Australia (RTR option to purchase 100%)

The Fraser Range Project is prospective for sulphide Nickel and Copper mineralisation similar to the discovery of the Nova deposit just over a year ago by Sirius Resources Ltd (ASX SIR).

During the quarter the company announced that the 3D gravity modelling indicated that a sub circular gravity high has significant depth extent and is interpreted to represent the Deep Root Zone to a mafic intrusive system. The Deep Root Zone is coincident with a previously identified rimmed sub circular magnetic 'Ring' feature and represents a compelling exploration target for nickel-copper sulphide mineralisation.

The 'Ring' magnetic feature displays a rimmed magnetic response and is also of a similar size to Sirius Resources 'Eye' intrusive body which is the host unit to the Nova and Bollinger nickel-copper massive sulphide deposits.

Figure 1: The Deep Root Zone to a mafic intrusive system identified through 3D gravity inversion modelling. Plan view on the left (looking down) and cross section view on right.

Rumble Resources Ltd

Level 1, 33 Richardson Street, West Perth, WA 6005

T +61 8 6555 3980

F +61 8 6555 3981

rumbleresources.com.au

ASX RTR

Executives & Management

Mr Shane Sikora CEO

Mr Terry Topping Executive Director

Mr Andrew McBain Non-executive Director

Mr Matthew Banks Non-executive Director

Mr Michael Smith Non-executive Director

Mr David Palumbo Company Secretary

Mr Andrew Jones Exploration Manager

Next Stage Exploration

Rumble Resources Ltd announced in September that the Company has fast tracked exploration through the commencement of a ground EM program at its highly prospective Fraser Range Project.

The main target is recently discovered sub circular gravity high which is interpreted to represent a Deep Root Zone to a mafic intrusive system. The Deep Root Zone is coincident with a previously identified rimmed sub circular magnetic 'Ring' feature which is of a similar size to Sirius Resources 'Eye' intrusive body which is the host unit to the Nova and Bollinger nickelcopper massive sulphide deposits (Figure 1). The ground EM survey will be a systematic programme to determine if conductive bodies which may represent massive sulphide mineralisation are present within the Deep Root Zone and surrounding areas.

The Fraser Range Project has the same intrusive rock units which are of similar age to the host rock units to the Nova and Bollinger nickel-copper deposits. Any conductive bodies identified within the Deep Root Zone would represent exciting nickel-copper drill targets.

The ground EM survey will consist of approximately 880 stations taken along 21 separate 200m spaced east-west lines. The area of the survey will be centred around the rimmed magnetic 'Ring' feature and the Deep Root Zone modelled using detailed gravity data (Figure 2). EM data will be received throughout the survey allowing ongoing interpretation and modelling to be completed.

The first 2 weeks of the program had major delays caused by first time access issues and bad weather which limited the use of the equipment.

Following the delays the program is expected to be completed by mid-November.

Figure 2: Detailed view of Fraser Range Project with gravity target, Teck drill holes on airborne magnetic background.

Fraser Range Project Expansion

During the quarter Rumble acquired two new Exploration Licence Applications to expand the Company's Fraser Range Project presence within the highly prospective Fraser Complex of the Albany-Fraser Tectonic Zone. The new applications expand the Company's Fraser Range Project area to 426km2 with the project area located on vacant crown land and not subject to any Native Title Claims.

Derosa Project, Burkina Faso, West Africa (RTR earning 75%, CAY 25%)

Joint Venture with Canyon Resources – Derosa Project, Burkina Faso

During the quarter Rumble renegotiated with its JV partner Canyon Resources Ltd (ASX: CAY (Canyon) to extend the 51% earn in commitment date to the 19th September 2014. This provides Rumble with 11 months to systematically explore the exciting Derosa Project.

Exploration

With the rainy season in Burkina coming to a close Rumble engaged SEMS Exploration ("SEMS") a leading mineral exploration and mining consultancy company in West Africa, to carry out the following work at the Bompela artisanal area (which forms part of the Derosa Project):

• A line clearing survey to enable access for planned drill sites in and around the Bompela artisanal areas.
• Trenching of the 2 main artisanal areas to enable the exploration team to view the geological orientation and take further samples.
• Oversee the maiden RC program which is set to commence following completion of the line clearing work and rainy season finishing.

Rumble has completed a systematic exploration approach prior to drilling including ground magnetics, sampling and mapping to help with the drill orientation and drill hole locations. The last stage of the program prior to drilling is for SEMS to work with the drilling company to ensure they have access to all the set drill hole locations.

Figure 3: Derosa Project Tenement Map Photo 1: Open pit recently excavated at the main Bompela artisanal site

Leyland Project, Western Australia (RTR 100%)

The Leyland Project consists of three exploration licence applications covering a large land holding of 1,305km². The Leyland Project is a large strategic holding adjacent to Corazon Mining Limited's (ASX: CZN) ("Corazon") Top Up Rise ("TUR") Project. Corazon is targeting IOCG intrusive related deposits, similar in style to Olympic Dam, Prominent Hill and Carapateena.

The TUR Project gravity anomaly appears to sit along a northeast – southwest trending gravity ridge which extends into Rumble's Leyland Project at both the northern and southern ends. The elevated gravity response through the area suggests that underlying rock units may include mafic (amphibolite) and ultramafic rock types. The most significant gravity high on the Leyland Project is a circular feature of nearly 10km in diameter that is a possible intrusive body and is located in the northern project area on tenement E 80/4767 (see Figure 4). The magnetics data also highlights a major regional fault structure that is adjacent to the main TUR Project gravity anomaly which is currently being drilled by Corazon. This North-Northeast trending fault structure runs through Rumble's Exploration Licence application 80/4780 and has two significant magnetic highs along the fault that are a priority for further exploration (see Figure 5).

Corazon announced on 19 July 2013 that drilling had intersected broad zones of sulphides, including massive sulphides with chalcopyrite (copper sulphide) at its TUR Project. Corazon recently announced in October 2013 drilling has commenced once again at its Top Up Rise Project with initial assays expected in early November 2013. Corazon noted that it has yet to define the source of the gravity anomaly.

Rumble is continuing work on the geophysics data and progressing approvals for ground exploration.

Figure 4: Map showing Rumble's Prospective Gravity Features Figure 5: Map showing Rumble's Prospective Magnetic Features

Beadell Project, Western Australia (RTR 80%, CXU 20%)

The Beadell Project is located 450km east of Newman in the Paterson Orogen of central north Western Australia. The Paterson Orogen is host to significant mineral deposits including the Telfer Gold Mine, Nifty Copper Mine and the Kintyre Uranium Deposit.

In December 2012, Rumble Resources Ltd completed a program of 16 RC drill holes, including 6 holes which had diamond tails. Five of the diamond holes were drilled at the Maxwell prospect and 1 was drilled at the Ninety Nine prospect for a total of 3,416 metres. Rumble is continuing to review the geochemistry and will arrange detailed petrography to better determine mineral associations to help understand the style of mineralisation. The initial results indicate that Maxwell is a large system with Sedimentary Exhalative (SEDEX) characteristics. These results haven given the Company an indication that the Rudall Complex can host this style of mineralisation and

has confirmed that the geophysics employed can locate these systems. Work is now being completed to enable Rumble to continue exploration of this significant sedimentary sequence for copper, lead and zinc mineralisation.

During the Rumble applied for two new exploration licences (E45/4223 & E45/4233) covering areas formerly held as applications by De Grey Mining. The ground has historic copper soil anomalies and airborne EM conductors which have not been followed up. De Grey retains a 20% interest in these two new applications. In addition, during September Rumble and Cauldron re-shaped some existing applications at the project by lodging one large exploration licence application E45/4267 to cover two previous applications and the previous area of E45/2406 which expired. Total ground holding at Beadell is now 920 km2 in 1 granted licence and 4 applications.

Figure 6: Beadell Project with partners shown

Ashburton Project Area (includes Paulsens South and Boolaloo), Western Australia

Paulsens South Project, Western Australia (RTR earning 75%, VMS 25%)

The Paulsens South Project consists of five granted exploration licences and one exploration licence application covering 91km2 of the Archaean to Proterozoic-aged Wyloo Dome located 150km northwest of Paraburdoo in Western Australia.

The Paulsens Gold Mine which is operated by Northern Star Resources (ASX: NST) and contains a Measured, Indicated and Inferred Mineral Resource of 2,306,000t at 4.3 g/t for 318,000oz gold and produced 80,000oz of gold in 2011 at an average grade of 7.9 g/t occurs on the Melrose Fault Zone 12km along strike from Rumble's E47/1765 exploration licence.

No exploration was completed during the quarter.

Canegrass Project (RTR 90%), Western Australia

The Canegrass project consists of one granted exploration license, E29/783, located 100km north of Kalgoorlie and covering over 100km2 of greenstone belt. The geology is dominated by a sequence of mafic and ultramafic rocks with minor felsic rocks and metasediments. This sequence has been intruded by fine grained felsic porphyry dykes and quartz veins. The Canegrass Project is prospective for copper, gold, nickel and VHMS-style base metal mineralisation.

In June 2013 Rumble completed a first pass auger geochemistry program with assay results identifying an area with high copper anomalism (Peak 3,080ppm Cu), two areas of coincident Cu-Zn anomalism and an area with widespread low level gold anomalism.

In addition, elevated nickel and chrome values confirm Rumbles interpretation that the ultramafic sequence hosting nickel to the south extends into the project area over a strike length of at least 11km and it is also this mafic-ultramafic contact where gold is occurring to the south. Work completed by Rumble indicates that the ultramafic sequence hosting nickel to the south extends into the project area over a strike length of at least 11km and it is also this mafic-ultramafic contact where gold is occurring to the south. The Canegrass Project is prospective for nickel, gold and VHMS-style base metal mineralisation.

No exploration was completed during the quarter.

Figure 8: Map showing tenement holdings at the Canegrass Project.

Boolaloo (RTR 80%; CXU 20%), Western Australia

The Boolaloo Project forms part of the larger Ashburton Project and covers rocks of the Proterozoic Ashburton Basin and the Boolaloo granite which is the most northerly extent of the Gascoyne complex.

No exploration was completed during the quarter.

Corporate

In September 2013 Rumble announced that it has successfully raised $944,728 by placing the shortfall from the previously completed entitlements issue with oversubscriptions. The Placement was undertaken on the same terms as the Entitlements Offer (issue price of 4.5 cents per share, with one free Option for every 2 shares subscribed for).

As at September 30 2013, Rumble has $743,000 Cash, with additional current liquid assets held for sale and receivables valued in total at $280k totalling $1,023,000 cash and cash equivalents.

Shane Sikora CEO

• ENDS -

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

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 gold and base metal 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 information compiled by Mr Terry Topping, who is a Member of the Australasian Institute of Mining & Metallurgy and the Australian Institute of Geoscientists. Mr Topping is a fulltime employee of Rumble Resources Limited and 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 2004 Edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves". Mr Topping consents to the inclusion in the report of the matters based on his information in the form and context in which it appears.

Rule 5.5

Appendix 5B

Mining exploration entity and oil and gas exploration entity quarterly report

Introduced 01/07/96 Origin Appendix 8 Amended 01/07/97, 01/07/98, 30/09/01, 01/06/10, 17/12/10, 01/05/2013

Name of entity
Rumble Resources Limited

ABN Quarter ended ("current quarter")

74 148 214 260 30 September 2013

Consolidated statement of cash flows

		Current quarter	Year to date
Cash flows related to operating activities		$A'000	(3 months)
			$A'000
1.1	Receipts from product sales and related	-	-
	debtors
1.2	Payments for(a) exploration & evaluation	(213)	(213)
	(b) development	-	-
	(c) production	-	-
	(d) administration	(119)	(119)
1.3	Dividends received	-
1.4	Interest and other items of a similar nature
	received	1	1
1.5	Interest and other costs of finance paid	-	-
1.6	Income taxes paid	-	-
1.7	Other – grant income	30	30
	Net Operating Cash Flows	(301)	(301)
	Cash flows related to investing activities
1.8	Payment for purchases of:
	(a) prospects	-	-
	(b) equity investments	-	-
	(c) other fixed assets	-	-
1.9	Proceeds from sale of:
	(a) prospects	-	-
	(b) equity investments	8	8
	(c) other fixed assets	-	-
1.10	Loans to other entities	-	-
1.11	Loans repaid by other entities	-	-
1.12	Other (provide details if material)	-	-
	Net investing cash flows	8	8
1.13	Total operating and investing cash flows
	(carried forward)	(293)	(293)

• See chapter 19 for defined terms.

1.13	Total operating and investing cash flows(brought forward)	(293)	(293)
	Cash flows related to financing activities
1.14	Proceeds from issues of shares, options, etc.	834	834
1.15	Proceeds from sale of forfeited shares	-	-
1.16	Proceeds from borrowings	-	-
1.17	Repayment of borrowings	-	-
1.18	Dividends paid	-	-
1.19	Other – cost of share issues	(57)	(57)
	Net financing cash flows	777	777
	Net increase (decrease) in cash held	484	484
1.20	Cash at beginning of quarter/year to date	259	259
1.21	Exchange rate adjustments to item 1.20	-	-
1.22	Cash at end of quarter	743	743

Payments to directors of the entity, associates of the directors, related entities of the entity and associates of the related entities

		Current quarter$A'000
1.23	Aggregate amount of payments to the parties included in item 1.2	60
1.24	Aggregate amount of loans to the parties included in item 1.10	-

1.25 Explanation necessary for an understanding of the transactions

1.23 includes director's fees and salaries for executive and non-executive directors

Non-cash financing and investing activities

• 2.1 Details of financing and investing transactions which have had a material effect on consolidated assets and liabilities but did not involve cash flows
• 2.2 Details of outlays made by other entities to establish or increase their share in projects in which the reporting entity has an interest

+ See chapter 19 for defined terms.

Financing facilities available

Add notes as necessary for an understanding of the position.

		Amount available$A'000	Amount used$A'000
3.1	Loan facilities	-	-
3.2	Credit standby arrangements	-	-

Estimated cash outflows for next quarter

		$A'000
4.1	Exploration and evaluation	225
4.2	Development	-
4.3	Production	-
4.4	Administration	120
	Total	345

Reconciliation of cash

Reconciliation of cash at the end of the quarter (asshown in the consolidated statement of cash flows)to the related items in the accounts is as follows.		Current quarter$A'000	Previous quarter$A'000
5.1	Cash on hand and at bank	690	206
5.2	Deposits at call	53	53
5.3	Bank overdraft	-	-
5.4	Other (provide details)	-	-
	Total: cash at end of quarter (item 1.22)	743	259

Changes in interests in mining tenements and petroleum tenements

		Tenement	Nature of interest	Interest at	Interest at
		reference	(note (2))	beginning	end of
		and		of quarter	quarter
		location
6.1	Interests in miningtenements andpetroleum tenementsrelinquished, reducedor lapsed
6.2	Interests in miningtenements andpetroleum tenementsacquired or increased

+ See chapter 19 for defined terms.

Issued and quoted securities at end of current quarter

Description includes rate of interest and any redemption or conversion rights together with prices and dates.

		Total number	Number quoted	Issue price per	Amount paid up
				security (see	per security (see
				note 3) (cents)	note 3) (cents)
7.1	Preference
	+securities
	(description)
7.2	Changes during
	quarter
	(a) Increases
	through issues
	(b) Decreases
	through returns
	of capital, buybacks,
	redemptions
7.3	+Ordinary	74,207,312	74,207,312
	securities
7.4	Changes during
	quarter
	(a) Increases
	through issues	22,028,951	22,028,951
	(b) Decreases
	through returns
	of capital, buy	-	-
	backs
7.5	+Convertible
	debt
	securities
	(description)
7.6	Changes duringquarter
	(a) Increases
	through issues
	(b) Decreases
	through
	securities
	matured,
	converted
7.7	Options			Exercise price	Expiry date
	(description and	19,433,676	19,433,676	8 cents	30 June 2015
	conversion	6,600,000	-	25 cents	31 July 2014
	factor)	12,258,333	12,258,333	25 cents	31 July 2014
		6,926,996	6,926,996	35 cents	31 October 2015
		3,600,000	-	35 cents	31 October 2015
		4,500,000	-	45 cents	31 October 2015
7.8	Issued during	14,521,492	14,521,492	8 cents	30 June 2015
7.9	quarterExercised
	during quarter
7.10	Expired during
	quarter

+ See chapter 19 for defined terms.

7.11	Debentures
	(totals only)
7.12	Unsecured
	notes (totals
	only)

Compliance statement

• 1 This statement has been prepared under accounting policies which comply with accounting standards as defined in the Corporations Act or other standards acceptable to ASX (see note 5).
• 2 This statement does /does not* (delete one) give a true and fair view of the matters disclosed.

Sign here:	Date: 28 October 2013
	(Company secretary)

Print name: David Palumbo

Notes

• 1 The quarterly report provides a basis for informing the market how the entity's activities have been financed for the past quarter and the effect on its cash position. An entity wanting to disclose additional information is encouraged to do so, in a note or notes attached to this report.
• 2 The "Nature of interest" (items 6.1 and 6.2) includes options in respect of interests in mining tenements and petroleum tenements acquired, exercised or lapsed during the reporting period. If the entity is involved in a joint venture agreement and there are conditions precedent which will change its percentage interest in a mining tenement or petroleum tenement, it should disclose the change of percentage interest and conditions precedent in the list required for items 6.1 and 6.2.
• 3 Issued and quoted securities The issue price and amount paid up is not required in items 7.1 and 7.3 for fully paid securities*.*
• 4 The definitions in, and provisions of, AASB 6: Exploration for and Evaluation of Mineral Resources and AASB 107: Statement of Cash Flows apply to this report.
• 5 Accounting Standards ASX will accept, for example, the use of International Financial Reporting Standards for foreign entities. If the standards used do not address a topic, the Australian standard on that topic (if any) must be complied with.

== == == == ==

+ See chapter 19 for defined terms.