RUMBLE RESOURCES LIMITED — Interim / Quarterly Report 2013

Apr 29, 2013

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March 2013 Quarterly Activities Report

Highlights

• The Bompela artisanal site continued to increase its potential with an open pit now being excavated and a new active artisanal site located 850m along strike from the main artisanal workings.

• Rock chip sampling returned grades of up to 24.5 g/t gold.

• The style of mineralisation appears similar to other significant African gold deposits.

• Maxwell prospect drilling intersected wide zones of anomalous zinc, lead & copper displaying characteristics of a SEDEX deposit.

• Leyland Project is a large strategic holding acquired adjacent to Corazon Mining Ltd’s (ASX: CZN) Top Up Rise Project.

Rumble Resources Ltd (“Rumble” or “the Company”) is pleased to provide an update of the Company’s activities. Rumble currently has four 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 the Burkina Faso, West Africa, and the Beadell Project, an exciting base metal project in the Paterson Province of WA.

Primary Exploration Activities

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

During the quarter 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):

• Detailed litho-structural and regolith mapping of the east, west, north and south areas of the Bompela artisanal site over a target area of 16km2;

• Rock chip sampling of outcrops (quartz veins, host rock, alteration/deformation zones) and laterite ridges; and

• Planning of an Aircore and RC drilling campaign to target the Bompela artisanal site and surrounding priority targets.

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Figure 1: Derosa Project Tenement Map

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Rumble Resources Ltd
Suite 5, 26 Railway Road
SUBIACO WA 6008
T +61 8 6555 3980
F +61 8 6555 3981
rumbleresources.com.au
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ASX RTR
42M Ordinary shares
Board of Directors
Mr Andrew McBain
Managing Director
Mr Terry Topping
Executive Director
Mr Michael Smith
Non-executive Director
Mr Matthew Banks
Non-executive Director
Mr David Palumbo
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Detailed Litho-structural and Regolith Mapping

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The result of field mapping shows that the area is widely covered by alluvium and laterite ridges and plateaus. Alluvium covers large parts of the area of interest which hide the structures undercover. The artisanal miners are only targeting the outcropping laterite hills. The mapping indicated that the host rock unit is commonly red pyrite-altered granite. Some specimens of red granite also contain up to 3% pyrite with minor chalcopyrite.

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Shears filled with quartz veins and chlorite was observed in the artisanal open pit. These veins and the granitoid stock are being targeted by the artisanal miners. The gold mineralisation at Bompela occurs as a vein stockwork developed in competent granodiorite and granite and is typical of granitoidhosted gold deposits.

Rock Chip Sampling of Outcrops

SEMS collected a further 42 grab samples of pit dump material that included quartz veins, fresh white granite, fresh red granite, amphibolite and weathered granite. These samples are from the main artisanal mining area at Bompela and the new active artisanal site located 850m southwest of the main workings. The grab samples returned significant results including 8 samples >1g/t Au (see Table 1) with peak values including 24.5 g/t, 7.2 g/t & 6.46 g/t Au. It is interesting to note that although the peak gold values are from quartz veins the samples taken of the host granite are also highly anomalous averaging 0.9 g/t Au where no quartz veining is present.

The follow up exploration program has allowed Rumble to complete an orientation soil geochemical program after mapping of the regional regolith landscape. Three 1 kilometre spaced north-south soil lines were completed with the middle soil line passing through the main artisanal mining site at Bompela. This soils program was undertaken to assess the suitability of the area for low cost surface soil sampling as a regional exploration tool. Assay results, which are limited to the three soil lines, have defined areas of +50ppb Au anomalism on all three lines with a peak value of 104ppb Au corresponding to the main artisanal mining area.

Figure 2: Map showing the main artisanal site, new site, extent of workings and soil gold anomalism.

Permit	Easting	Northing	Au g/t	Description
Bompela	529294	1457358	0.96	Pyrite altered granite
Bompela	529298	1457346	1.08	Pyrite-chalcopyrite in granite
Bompela	529275	1457296	1.45	Weathered granite
Bompela	529210	1457251	0.71	Pyrite-chalcopyrite in granite
Bompela	529187	1457291	0.74	Weathered granite
Bompela	529185	1457405	24.5	Quartz vein
Bompela	529185	1457405	6.46	Quartz veinlets in weathered granite
Bompela	529246	1457320	0.96	Quartz vein in weathered granite
Bompela	529243	1457343	2.15	Quartz vein
Bompela	529246	1457341	0.72	Fresh pink granite
Bompela	529248	1457348	1.31	Grey quartz vein
Bompela	529222	1457322	2.52	Quartz vein in weatheredgranite
Bompela	529204	1457331	7.2	Grey quartz vein
Bompela	529168	1457290	0.66	White quartz vein
Bompela	528439	1457026	0.88	Quartz veinlets in weathered granite

Table 1: Grab samples with >0.5 g/t Au (Gold analysis by fire assay)

New Artisanal Site

Whilst completing the mapping around the Bompela artisanal site, SEMS uncovered a new active artisanal site located 850m along strike from the main Bompela artisanal site which can be seen in Photo 2. The area between the 2 sites is covered by alluvial material and is a high priority target for the Company. Mining is very active at the new site, which is mostly focused on the hill slope beneath the laterite escarpment. Apart from the two main sites, artisanal miners are also digging test pits along the laterite escarpment north of the main site.

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New Artisanal Site
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Photo 1: Open pit at the main Bompela artisanal site.

Photo 2: Image showing proximity of both Bompela Artisanal Sites.

Mineralisation Type

The gold mineralisation at the Bompela workings is contained in quartz veins and the alteration zones adjacent to the veins. Most of the quartz veins are hosted by granitoid with hydrothermal alteration around the veins appearing to have altered the white granite to a red, or dark pink, granite. Sulphidation with the addition of pyrite and chalcopyrite is also present. The extent of alteration from the veins is still to be tested.

This style of mineralisation is similar to that of many other granitoid-hosted gold deposits of the Eburnian age in West Africa (Ghana especially). Examples include Perseus Mining Ltd.’s Edikan mine (ASX: PRU) and Xtra-Gold Resources deposit at Kibi (TSX: XTG). These types of deposits typically consist of sets of moderately dipping quartz veins up to 1 m in thickness with wall rock alteration around the veins. Gold is found in the quartz veins and the alteration zones. These granitoid-hosted deposits usually occur near the margins of the granitoid where competency contrasts occur between the granitoid and the country rock.

Next Steps Leading to a Maiden RC Drilling Program Underway

The mapping and sampling highlighted the potential of the Bompela area and helped develop the next stage of exploration. A staged program is now underway to ensure drill testing of the main artisanal and regional targets is fast tracked.

Step	1.	Conduct infill geochemical surveying to delineate targets and assist with understanding the structure of the
		mineralised zones.
Step	2.	Undertake a ground magnetic survey over the main area of interest which will detect the magnetic differences in
		the amphibolites and granites and assist with targeting.
Step	3.	RC Drilling
		The presence of widespread artisanal workings at the main Bompela Prospect and a new area 850m away, along
		with high grade grab sample results and widespread soil gold anomalism highlights the prospectivity of the
		project.
Step	4.	Step out from the main artisanal areas with Aircore drilling to test beneath areas of alluvial cover.

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 received $150,000 of funding under the WA State Government’s Exploration Incentive Scheme to assist with the drill testing of the Beadell Projects EM and IP targets.

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Figure 3: Beadell Project Tenement Map Figure 4: Beadell Prospects

Maxwell Prospect

Results from the diamond and RC drilling program at Maxwell were received and indicated that there is widespread anomalous zinc and lead mineralisation and localised copper mineralisation.

Maxwell is a large mineralised system with widths up to 80m with 5% to 35% sulphides present. A total of 235 metres of sulphide mineralisation has been intersected across the 996 metres of diamond drilling at the Maxwell prospect. The recent drill program has confirmed the targeted area is a large, tabular, high sulphide, anomalous zinc, lead and copper mineralised body displaying characteristics of a Sedimentary Exhalative (SEDEX) system. The drilling only targeted the upper portion (200m vertical depth) of the larger EM conductive plate which extends to at least a 500m vertical depth and is yet to be tested.

The mineralisation at Maxwell is dominated by fine grained sulphides which are laminated and show a wide variety of textures including soft sedimentary deformation and slump structures. There are also zones of stockwork and stringer mineralisation which cross cut earlier sulphide mineralisation. The oriented diamond core has also provided a significant amount of information on the geometry of the mineralised system and though the rocks have undergone extensive regional metamorphism, bedding features useful to determine the stratigraphic sequence are still present.

Ninety Nine Prospect

One diamond hole was completed at the Ninety Nine dipole target area 900 metres to the east of the drilling at the Maxwell Prospect. This hole was drilled to 333 metres and intersected a large alteration system. The upper portion of the hole was of meta-sedimentary rocks and BIF units to 64 metres. From 64 metres to 145 metres the metasediments were carbonate-epidote-magnetite altered. The most extensive alteration was from 145 metres to the end of the hole at 333 metres. There is quartz veining throughout and minor faulting in places. The dominant sulphides are pyrite between 145 metres to 310 metres and increasing pyrite replacing biotite bands from 310 metres to 333 metres and minor magnetite reappearing. The large alteration system significantly increases the prospectivity of the Ninety Nine target.

Results from the hole at Ninety Nine indicate that there are anomalous precious metals up to 0.75 g/t gold associated with this large alteration system and as the large IP anomaly was not intercepted, the Ninety Nine prospect remains a priority target.

Kaos and Control Prospects

The Kaos and Control Prospects are highly conductive airborne EM targets which were not drilled in this program and remain to be tested.

Next Steps

In the upcoming quarter Rumble will conduct a review of the geochemistry and have detailed petrography completed 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.

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Other Exploration Activities

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Leyland Project, Western Australia (RTR 100%)

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In March 2013 Rumble applied for 3 tenements covering 1305 km² in the Gibson Desert region of Western Australia which is a large strategic holding adjacent to Corazon Mining Ltd’s (ASX: CZN) Top Up Rise Project.

The Top Up Rise is considered prospective for Olympic Dam/Prominent Hill style IOCG mineralisation and is one of the largest untested gravity anomalies in Australia, similar in size and more intense than the anomaly at Olympic Dam in South Australia.

Corazon recently announced that exploration is underway at its Top Up Rise Project, with a ground gravity survey underway, which will be followed-up with a maiden drilling program in April/May 2013.

Previous exploration in the area by BHP Billiton Limited (1996 to 1999) and more recently by Toro Energy Limited (ASX:TOE). Toro Energy completed rock chip sampling on an adjacent tenement, which returned significant Fe up to 56% along with rare earths up to 4% TRE and anomalous copper (639ppm) and uranium oxide (82ppm).

Figure 3: Leyland Project Tenement Package

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

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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 91km[2] 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.

Figure 4: Ashburton Project Tenement Package

Kooline (RTR 100%), Western Australia

Exploration licence E08/2309 (Kooline) covering an area of 584km[2] is located 50km west of Paraburdoo.

The Kooline Project is mapped as containing Proterozoic rock units of the Ashburton Basin. Several gold prospects occur in the project area and geological mapping and airborne magnetic data indicate the presence of several northwest trending faults. No exploration was completed during the quarter.

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

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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.

In 2007 Jackson completed 22 RC drill holes for 2,462 metres at the K15, K16 and Minga West prospects on tenement E08/1605. The drilling had the primary objective to test the depth extent of surface mineralisation and intersected significant copper and gold mineralisation. The program intersected significant copper and gold mineralisation with three intersections of greater than 3m at 1.0% Cu. MIRC002: 3m @ 1.06% Cu and 1.4 g/t gold; MIRC004: 4m @ 1.48% Cu and 0.89g/t Au from 95m; and MIRC009: 3m @ 1.06% Cu and 0.94g/t Au from 137m. All holes were drilled at -60° to the east. No exploration was completed during the quarter.

Dooley Downs (RTR 100%), Western Australia

The Dooley Downs Project consists of two Exploration Licence applications covering a combined area of 612km[2] . The project is located within the Proterozoic-aged Bangemall Basin in the Ashburton region of Western Australia.

Rumble are principally targeting manganese mineralisation at Dooley Downs and several surface occurrences with grades up to 35% Mn are known from a review of historic exploration activity in the region. No exploration was completed during the quarter.

Forrestania Project (RTR 51%, earning 75%), Western Australia

The Forrestania Project is located 80km east to north east of Hyden and 140km north of Ravensthorpe in Western Australia. The Project covers part of the Forrestania Greenstone Belt which forms part of the southern extension of the Southern Cross Greenstone Belt. The Company has acquired an initial 51% interest in the Project and can acquire a further 24% interest by the completion of a 1,000m RC drill program. No exploration was completed during the quarter.

Canegrass Project (RTR 90%), Western Australia

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The Canegrass project consists of one granted exploration license, E29/783, located 100km north of Kalgoorlie and covering over 100km[2] 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 has favourable geology and structures to host significant gold mineralisation and is also prospective for nickel mineralisation. Exploration to date has focussed on mapping and soil/auger geochemistry. The limited soil geochemistry has outlined low levels of anomalous gold mineralisation; no follow up drilling has been completed. No exploration was completed during the quarter.

Figure 5: Canegrass Project Tenement Map

• ENDS -

For further information visit rumbleresources.com.au or contact enquiries@rumbleresources.com.au. Andrew McBain Managing Director

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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.

Appendix 5B Mining exploration entity quarterly report

Rule 5.3

Appendix 5B

Mining exploration entity quarterly report

Introduced 1/7/96. Origin: Appendix 8. Amended 1/7/97, 1/7/98, 30/9/2001.

	Name of entity Rumble Resources Limited ABN Quarter ended (“current quarter”) 74 148 214 260 31 March 2013 Consolidated statement of cash flows	Name of entity Rumble Resources Limited ABN Quarter ended (“current quarter”) 74 148 214 260 31 March 2013 Consolidated statement of cash flows	Name of entity Rumble Resources Limited ABN Quarter ended (“current quarter”) 74 148 214 260 31 March 2013 Consolidated statement of cash flows	Name of entity Rumble Resources Limited ABN Quarter ended (“current quarter”) 74 148 214 260 31 March 2013 Consolidated statement of cash flows
	Rumble Resources Limited
	ABN 74 148 214 260 Consolidated statement of cash flows
			31 March 2013
Cash flows related to operating activities 1.1 Receipts from product sales and related debtors 1.2 Payments for (a) exploration and evaluation (b) development (c) production (d) administration 1.3 Dividends received 1.4 Interest and other items of a similar nature received 1.5 Interest and other costs of finance paid 1.6 Income taxes paid 1.7 Other – grant income Net Operating Cash Flows			Current quarter $A’000	Year to date (9 months) $A’000
			- (459) - - (182) - 5 - - 132	- (2,067) - - (705) - 35 - - 132
			(504)	(2,605)
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 (c)other fixed assets 1.10 Loans to other entities 1.11 Loans repaid by other entities 1.12 Other - rental bond Net investing cash flows 1.13 Total operating and investing cash flows (carried forward)			(43) (5) (7) - 100 - - - -	(307) (125) (44) - 230 - - 85 -
			45	(161)
			(459)	(2,766)

• See chapter 19 for defined terms.

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Appendix 5B Mining exploration entity quarterly report

1.13 Total operating and investing cash flows (brought forward)	(459)	(2,766)
Cash flows related to financing activities 1.14 Proceeds from issues of shares, options, etc. 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 – proceeds for intended issue of securities return of proceeds proceeds for convertible note 1.20 Other – costs of share issues Net financing cash flows	- - - - - - - - -	1,757 - - - - - - - (135)
	-	1,622
Net increase (decrease) in cash held 1.20 Cash at beginning of quarter/year to date 1.21 Exchange rate adjustments to item 1.20 1.22 Cash at end ofquarter	(459) 937 -	(1,144) 1,622 -
	478	478

Payments to directors of the entity and associates of the directors

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

1.23 1.24	Aggregate amount of payments to the parties included in item 1.2 Aggregate amount of loans to the parties included in item 1.10	Current quarter $A'000
		50
		-
1.25	Explanation necessaryfor an understandingof the transactions
	1.23 includes director’s fees and salaries for executive and non-executive d	irectors

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.

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Appendix 5B Mining exploration entity quarterly report

Financing facilities available

Add notes as necessary for an understanding of the position.

3.1 Loan facilities 3.2 Credit standby arrangements	Amount available $A’000	Amount available $A’000	Amount used $A’000
		-	-
		-	-
Estimated cash outflows for next quarter
4.1 Exploration and evaluation 4.2 Development 4.3 Production 4.4 Administration			$A’000
			300
			-
			-
			125
Total			425

Reconciliation of cash

Reconciliation of cash
Reconciliation of cash at the end of the quarter (as shown 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 5.2 Deposits at call 5.3 Bank overdraft 5.4 Other – proceeds for intended issue of securities	426	885
	52	52
	-	-
	-	-
Total: cash at end of quarter(item 1.22)	478	937

Changes in interests in mining tenements

6.1 Interests in mining tenements relinquished, reduced or lapsed 6.2 Interests in mining tenements acquired or increased	Tenement reference	Nature of interest (note (2))	Interest at beginning ofquarter	Interest at end of quarter
	Nil
	Nil

• See chapter 19 for defined terms.

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Appendix 5B Mining exploration entity quarterly report

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 security (see note 3) (cents)	Amount paid up per security (see note 3) (cents)
7.1 Preference +securities (description) 7.2 Changes during quarter (a) Increases through issues (b) Decreases through returns of capital, buy- backs, redemptions
7.3 +Ordinary securities 7.4 Changes during quarter (a) Increases through issues (b) Decreases through returns of capital, buy- backs (c) Release from escrow	42,354,003	34,654,003
	400,000 -	400,000 -
7.5 +Convertible debt securities (description) 7.6 Changes during quarter (a) Increases through issues (b) Decreases through securities matured, converted
7.7 Options (description and conversion factor) 7.8 Issued during quarter 7.9 Exercised during quarter 7.10 Expired during quarter	6,600,000 12,258,333 6,926,996 3,600,000 4,500,000	- 12,258,333 6,926,996 - -	Exercise price 25 cents 25 cents 35 cents 35 cents 45 cents	Expiry date 31 July 2014 31 July 2014 31 October 2015 31 October 2015 31 October 2015
7.11 Debentures (totals only)

• See chapter 19 for defined terms.

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Appendix 5B Mining exploration entity quarterly report

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 4).

• 2 This statement does give a true and fair view of the matters disclosed.

Sign here: Andrew McBain Date: 30 April 2013 (Managing Director)

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 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, 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 1022: Accounting for Extractive Industries and AASB 1026: Statement of Cash Flows apply to this report.

5 Accounting Standards ASX will accept, for example, the use of International Accounting 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.

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