RUMBLE RESOURCES LIMITED — Interim / Quarterly Report 2014

Oct 30, 2014

September 2014 Quarterly Activities Report

Highlights

Big Red Project

• Contracts have been awarded to drill the Voisey Bay style target at Big Red
• The high impact drilling is planned to commence on the 7th of November
• RC/Diamond drilling planned to intersect the EM Plate within the interpreted Voisey Bay style feeder Structure
• Rumble will look to complete a geophysical down hole EM survey following completion of the work.
• Rumble applies for two large strategic Exploration Licenses adjoining the existing Big Red Project and adjacent new applications made by Brazilian mining giant Vale

Zanthus project

• Multiple bedrock conductors identified across the Zanthus eye feature from high powered ground EM program
• 3 bedrock conductors of moderate to high conductance modelled; now a high priority for the next stage in drilling

Rumble Resources Ltd ("Rumble" or "the Company") is pleased to provide an update of the Company's activities. Rumble's activities were focussed on expanding and exploring its Fraser Range Projects, which are located in an emerging world class nickel province in Western Australia. Generation of drill targets were successful at Zanthus complementing the compelling Voisey's Bay target at Big Red, offering considerable leverage to Rumble shareholders

Primary Exploration Activities Big Red, Fraser Range

Rumbles maiden drilling programme in the Fraser Range has been scheduled at its Big Red Project. Drilling contracts have been awarded to DDH1 with the drilling rigs to be mobilised for the 7th of November. The drilling programme is expected to take two weeks to complete with assays to follow. DDH1 will utilise a high powered Sandvick multipurpose RC/Diamond truck mounted rig, top of the line for power, accuracy and has 2500m NQ depth capacity.

Figure 1: Drill Target – Planned Drill Holes in EM Conductor within the interpreted Voiseys Bay Feeder Structure

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 Bruno Seneque Company Secretary

Rumbles technical team has completed a plan to RC/Diamond drill 4 holes totalling 1600m. The programme is designed to test the EM conductor within the interpreted Voisey Bay feeder Structure – See Figure 1. The compelling target will be drilled first with an RC pre-collar to approximately 150m and a diamond tail through the conductor plate, which has been modelled at 200m. Following the completion of the program a down-hole EM survey will be looked to be scheduled to provide a diagnostic test of further bedrock conductors.

As part of the exploration activities Rumble has been awarded $150,000 to co-fund exploration on the Big Red Project through the WA Government's Exploration Initiative Scheme (EIS).

A 3D inversion model at the Big Red Project highlighted an interpreted feeder zone that is both conductive and magnetic. It is north plunging and is coincident with the 2.2 km conductor. This feeds into a large 6km gravity body located to the northwest which is interpreted as a large magma chamber– See Figure 2. All these elements fit the Voisey bay model – See Figure 3.

Figure 2: Big Red Project, Showing EM Conductor located in an Interpreted Feeder Zone into a Magma Chamber.

The feeder zone target model is the "Ovoid" deposit at Voiseys Bay, a 600m long by 350m and 110m deep body of massive sulphides located in the upper part of a feeder dyke – see figure 3. The "Ovoid" mineralogy includes magnetite, pyrrhotite (both magnetic) and nickel and copper sulphides (conductive). The Voisey's Bay Ni-Cu deposit is one of the most significant discoveries made in the world at 35 mil tonnes at 3.5% Nickel.

Figure 3: Plan of the geology of Voiseys bay, after Boutroy et al, 2014

Strategic Application Licenses

The Company made two strategic exploration licence applications adjoining the existing Big Red Project and contiguous to the new applications made by Vale in the Fraser Range in Western Australia. Vale is the world's second biggest producer of nickel and recently applied for two license applications south of Rumbles Big Red Project and east of the Thunderstorm Project in the Fraser Range highlighting the quality of rumbles projects. See Figure 4. Vale owns Voisey's Bay which is one of the largest nickel mines in the world. Their entry into the region underlines the potential of the Fraser Range to host additional magmatic nickel copper mineralisation in the region.

The two new applications increase the Big Red Project to 1491 square kilometres and expand Rumble's Fraser Range foot print by 71%. Rumble secured this license for nil consideration and will continue to strategically expand its foot print providing Rumble shareholders multiple opportunities to make the next significant nickel discovery.

Figure 4: Big Red Project, Showing New Applications.

Zanthus Project, Fraser Range

The Zanthus Project is located 18km's east of the Nova-Bollinger nickel copper massive sulphide discoveries in the Fraser Range, Western Australia.

Rumble completed a high-powered moving loop ground based EM survey (MLTEM) targeting bedrock conductors which represent drill targets for magmatic nickel sulphides. The Company identified three priority target areas for its first detailed ground EM program on the Zanthus Project. One of three priority target areas was an "eye" feature interpreted as an elliptical magnetic rimmed intrusive body some 2km in length and up to 1km wide and of similar size to the Nova "eye" feature.

Initial processing of the data covering the eye feature has generated some impressive results with 5 conductors identified. Named ZC1–ZC5. See Figure 5.

"Eye" shaped magnetic features are indicators which are commonly associated with mafic intrusive complexes that host Ni-Cu-PGE ore bodies. Therefore these eye features are priority targets when exploring for massive sulphide ore bodies. The world class Nova massive sulphide nickel copper discovery was found through drilling a bedrock conductor within an "eye" intrusive.

The modelling is only at its preliminary stages with these initial interpretations:

• ZC1, ZC2 and ZC3 are of significant conductance and are situated at reasonably shallow depth to top (~100- 200m) which be a high priority for the next stage of drilling. See Figure 6.
• ZC4 and ZC5 Ongoing infill ground EM with additional processing to work out the conductivity, strike, dip and depth of the bodies.

Figure 6. Preliminary model of the 3 processed conductors ZC1, ZC2 & ZC3.

Ongoing Ground EM Program

The ground EM program was extended due to the success of the early stages of the geophysics program with the potential for further conductor identification over the following weeks.

As more detail emerges of the 5 conductors and any further conductors identified in the ongoing program, they will be prioritised on the basis of these attributes and geology to underpin future drill programs.

EM programs has highlighted the enormous potential of the Zanthus Project. Rumble will be planning further ground EM programs over other large intrusive bodies interpreted from the magnetics data looking to identify further conductors that may represent magmatic Nickel sulphides. The Company also identified a significant structural corridor with numerous large intrusive features and significant magnetic highs. This zone is a significant structural break in the regional geology and covers a large area some 14km by 5km and will be a main focus area of next stage of geophysics exploration which requires a systematic exploration approach. See Figure 7.

The success of the first 2 ground based

Figure 7 Zanthus Project highlighting the eye feature, structural corridor and intrusive targets.

Thunderstorm Project, Fraser Range - RTR owns 100%

During the quarter the central and eastern tenements were flown as part of the detailed magnetics survey. This data is now being interpreted as part of further target generation for additional high powered ground EM surveys.

Figure 8 Thunderstorm Project Tenements

Beadell Project, Western Australia

No exploration was completed.

Canegrass Project Western Australia

No exploration was completed.

Paulsens South Western Australia

No exploration was completed.

Burkina Faso Permits, West Africa

During the quarter Rumble relinquished the Rassouli, Gourboula, Boussou and Souri Permits.

No Exploration Work Completed.

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 2012 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

In accordance with Listing Rule 5.3.3. Rumble provides the following information in relation to its mining tenements.

1. The mining tenements held at the end of each quarter and their location.

Project	Tenement Number	Status	Location	BeneficialPercentageInterest
Paulsens South	E08/1457	Granted	Western Australia	0% Note 1
Paulsens South	E47/1765	Granted	Western Australia	0% Note 1
Paulsens South	E08/2257	Granted	Western Australia	100%
Paulsens South	E47/2503	Granted	Western Australia	100%
Beadell	E45/2405	Granted	Western Australia	80%
Beadell	E45/4267	Granted	Western Australia	80%
Beadell	E45/4223	Granted	Western Australia	80%
Beadell	E45/4186	Application	Western Australia	90%
Beadell	E45/4233	Application	Western Australia	80%
Canegrass	E29/783	Granted	Western Australia	90%
Big Red	E28/2268	Granted	Western Australia	100%
Big Red	E69/3190	Granted	Western Australia	100%
Big Red	E29/2499	Application	Western Australia	100%
Big Red	E29/2500	Application	Western Australia	100%
Zanthus	E69/2506	Granted	Western Australia	20% Note 3
Zanthus	E28/2464	Application	Western Australia	100%
Zanthus	E 28/2466	Application	Western Australia	100%
Thunderstorm	E28/2322	Granted	Western Australia	100%
Thunderstorm	E28/2472	Application	Western Australia	100%
Thunderstorm	E 28/2382	Application	Western Australia	100%
Thunderstorm	E28/2471	Application	Western Australia	100%
Derosa	Bompela	Granted	Burkina Faso	85% Note 2
Derosa	Sapala	Granted	Burkina Faso	85% Note 2
Burkina Faso	Nanemi	Granted	Burkina Faso	100%
Burkina Faso	Villibongo	Granted	Burkina Faso	100%
Burkina Faso	Pogoro	Granted	Burkina Faso	100%
Burkina Faso	Yalore	Granted	Burkina Faso	100%

2. Mining tenements acquired during the quarter and their location:

Project	TenementNumber	Status	Location	BeneficialPercentageInterest
Big Red	E29/2499	Application	Western Australia	100%
Big Red	E29/2500	Application	Western Australia	100%

3. Mining tenements disposed of during the quarter and their location:

Project	TenementNumber	Status	Location	Comment
Burkina Faso	Gourbala	Granted	Burkina Faso	Relinquished
Burkina Faso	Souri	Granted	Burkina Faso	Relinquished
Burkina Faso	Boussou	Granted	Burkina Faso	Relinquished
Burkina Faso	Rassouli	Granted	Burkina Faso	Relinquished
Paulsens South	E08/2256	Granted	Western Australia	Relinquished

Note:

1. Paulsens South Project, Western Australia

E08/1457 and E47/1765 is subject to a Joint Venture agreement with Venture Minerals Ltd whereby Rumble can earn up to a 70% interest in these licences.

2. Derosa Project, Burkina Faso

Bompela, Rassouli, Sapala, Boussou, Souri and Gourbala are subject to a Joint Venture agreement with Canyon Resources limited whereby Rumble owns 85% interest and Canyon a 15% interest.

3. Zanthus Project, Western Australia

E69/2506 is subject to a Joint Venture agreement with Blackham Resources Ltd whereby Rumble can earn up to a 75% interest in the licence.

Section 1 Sampling Techniques and Data

Criteria	JORC Code explanation	Commentary
Samplingtechniques	Nature and quality of sampling (eg 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 as limiting thebroad meaning of sampling.Include reference to measures taken to ensuresample representivity and the appropriate calibrationof any measurement tools or systems used.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 (eg '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 there iscoarse gold that has inherent sampling problems.Unusual commodities or mineralisation types (egsubmarine nodules) may warrant disclosure ofdetailed information.	Moving Loop TEM (MLTEM)Transmitter: Outer Rim HPCurrent: 90-100AReceiver: SMARTem24Base Frequency: 0.5HzSensor: Fluxgate B-fieldComponents: Bz, Bx, By
Drillingtechniques	Drill type (eg core, reverse circulation, open-holehammer, rotary air blast, auger, Bangka, sonic, etc)and details (eg core diameter, triple or standardtube, depth of diamond tails, face-sampling bit orother type, whether core is oriented and if so, bywhat method, etc)	No information required for theseexploration results as no drilling resultsare presented.
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.	No information required for theseexploration results as no drilling resultsare presented.
Logging	Whether core and chip samples have beengeologically and geotechnically logged to a level ofdetail to support appropriate Mineral Resourceestimation, mining studies and metallurgical studies.Whether logging is qualitative or quantitative innature. Core (or costean, channel, etc) photography.The total length and percentage of the relevantintersections logged.	No information required for theseexploration results as no drilling resultsare presented.
Subsamplingtechniquesand samplepreparation	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.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 grain	No information required for theseexploration results as no drilling resultsare presented.

Criteria	JORC Code explanation	Commentary
	size of the material being sampled.
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, handheld XRFinstruments, 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 (egstandards, blanks, duplicates, external laboratorychecks) and whether acceptable levels of accuracy(ie lack of bias) and precision have beenestablished.	A Cesium vapour magnetometer wasused with a 20Hz sampling rate. Thebase station was a Geometrics G856AXproton precession magnetometer. Theradiometric data was obtained using aRSI Spectrometer at a 2 Hz samplingrate.
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.	All data is checked on a daily basis byfield staff and consultantsAny data points that are questionableare re-surveyed
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.	Data points were located by a KRA405Baltimeter. Elevation values were in AHD.Expected accuracy is 3' or +/- 3%The grid system is GDA94(MGA), zone51
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.	Magnetics data was collected in 0.05second intervals and Radiometric dataat 0.5 second intervalsNot applicable as this data is not used inMineral Resource Estimation.No sample compositing has beenapplied.EM Data - Line Spacing - 300mStation Spacing - 100mTransmitter Loop Sizes: 200x200m
Orientationofdatainrelationtogeologicalstructure	Whether the orientation of sampling achievesunbiased sampling of possible structures and theextent to which this is known, considering thedeposit 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.	(MLTEM)Traverses were undertaken to beperpendicular to the interpreted strikedirection and some parallel to theinterpreted strike direction.
Samplesecurity	The measures taken to ensure sample security.	All magnetics data data has beencollected by Thompson Aviation Pty Ltdwith data provided to the CompaniesconsultantsAll EM data has been collected byOuter-Rim Exploration Services withdata provided to the companiesconsultants
Auditsorreviews	The results of any audits or reviews of samplingtechniques and data.	No audits or reviews have been carriedout at this stage.

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 Aeromagnetic survey and EMsurvey are located wholly withinExploration Licence E69/2506 withRumble earning up to 75% fromBlackham Resources Ltd.Located on Vacant Crown Land.
Explorationdone by otherparties	Acknowledgment and appraisal of exploration byother parties.	The only previous geophysics wascompleted for the GSWA.
Geology	Deposit type, geological setting and style ofmineralisation.	The Company is exploring for basemetals and gold mineralisation
DrillholeInformation	A summary of all information material to theunderstanding of the exploration results includinga tabulation of the following information for allMaterial drill holes:oeasting and northing of the drill hole collaroelevation or RL (Reduced Level – elevationabove sea level in metres) of the drill holecollarodip and azimuth of the holeodown hole length and interception depthohole length.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 the case.	No information required for theseexploration results as no drilling resultsare presented.
Dataaggregationmethods	In reporting Exploration Results, weightingaveraging techniques, maximum and/or minimumgrade truncations (eg cutting of high grades) andcut-off grades are usually Material and should bestated.Where aggregate intercepts incorporate shortlengths of high grade results and longer lengths oflow grade results, the procedure used for suchaggregation should be stated and some typicalexamples of such aggregations should be shownin detail.The assumptions used for any reporting of metalequivalent values should be clearly stated.	No information required for theseexploration results as no drilling resultsare presented.
Relationshipbetweenmineralisationwidthsandinterceptlengths	These relationships are particularly important inthe reporting of Exploration Results.If the geometry of the mineralisation with respectto the drill hole angle is known, its nature shouldbe reported.If it is not known and only the down hole lengthsare reported, there should be a clear statement tothis effect (eg 'down hole length, true width notknown').	No information required for theseexploration results as no drilling resultsare presented.
Diagrams	Appropriate maps and sections (with scales) andtabulations of intercepts should be included forany significant discovery being reported Theseshould include, but not be limited to a plan view ofdrill hole collar locations and appropriate sectionalviews.

Criteria	JORC Code explanation	Commentary
Balancedreporting	Where comprehensive reporting of all ExplorationResults is not practicable, representative reportingof both low and high grades and/or widths shouldbe practiced to avoid misleading reporting ofExploration Results.	No information required for theseexploration results as no drilling resultsare presented.
Othersubstantiveexplorationdata	Other exploration data, if meaningful and material,should be reported including (but not limited to):geological observations; geophysical surveyresults; geochemical survey results; bulk samples– size and method of treatment; metallurgical testresults; bulk density, groundwater, geotechnicaland rock characteristics; potential deleterious orcontaminating substances.	Previous ASX releases by Rumblehave detailed aspects of previous workundertaken at the project
Further work	The nature and scale of planned further work (egtests for lateral extensions or depth extensions orlarge-scale step-out drilling).Diagrams clearly highlighting the areas of possibleextensions, including the main geologicalinterpretations and future drilling areas, providedthis information is not commercially sensitive.	At this stage, the Magnetics and EMdata are indicative in nature and requirefurther exploration to establish the truesize and nature of the mineralisation, ifany.Refer to diagrams in body of report.