RUMBLE RESOURCES LIMITED — Interim / Quarterly Report 2014

Apr 29, 2014

March 2014 Quarterly Activities Report

Highlights

Corporate

• Rumble raised $1.8mil in a fully oversubscribed share placement

Zanthus Project, Fraser Range, Western Australia

• Rumble stamped itself as a major player in the Fraser Range with the acquisition of the 370sq km Zanthus Project only 18km's from the world class Nova Nickel Copper massive sulphide discovery by Sirius Resources.
• Rumble Fast Tracked exploration by completing an orientation ground EM survey at the Zanthus Project which identified a Bedrock EM Conductor and two other areas of high conductivity that may represent additional bedrock conductors.
• Rumble acquired a large strategic Exploration License Application adjoining the existing Zanthus with the project area now increased to 957 sq km's in the underexplored and highly prospective emerging nickel province.

Big Red Project, Fraser Range, Western Australia

• Rumble geophysics team modelled a significant 2.2km bedrock EM conductor which represents one of the most compelling targets in the Fraser Range for Massive Nickel Sulphides.
• The Big Red Project hosts the same intrusive rock units which are of similar age as the Nova and Bollinger nickelcopper deposits which is important when exploring for massive nickel sulphides.
• Two 100% owned tenement applications have been granted providing Rumble with 426sqkm's of highly prospective exploration ground.

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 expanding and exploring its Fraser Range Projects, which are located in an emerging world class nickel province in Western Australia.

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

Corporate

Research and Development Refund

Rumble received Research and Development refund due of $430k.

Rumble completes placement of $1.8mil.

In April 2014 Rumble announced that it has successfully raised $1.8mil by way of placement and was fully oversubscribed. The Placement terms were issue price of 4.5 cents per share, with one free option for every 2 shares subscribed.

Primary Exploration Activities

Zanthus Project, Fraser Range

RTR owns 20% earning up to 75% of granted E69/2506 RTR owns 100% of application of ELA 28/2464

During the quarter announced that the company has signed an earn in agreement with Blackham Resources Ltd (Blackham) (ASX:BLK) to acquire up to 75% of E69/2506 the Zanthus Project located within the highly prospective Fraser Range Complex of the Albany Fraser Tectonic Zone. The Zanthus project E69/2506 is situated approximately 18km East of the recently

discovered Nova Nickel Copper Massive Sulphide discovery by Sirius Resources NL (ASX: SIR).

The transaction repositioned Rumble as a major player in the Fraser Range nickel province. Strongly magnetic units can be recognised in the aeromagnetic data, especially in the central region of the project area, and are interpreted as potential mafic and ultramafic units. These magnetic horizons also indicate potentially prospective structural features including dilation zones and fault offsets.

Previous Exploration

The Zanthus Project has previously been explored for lignite, however very little base and precious metal exploration has been conducted to date, especially into the basement.

Historic drilling by Sabminco NL in 1993 indicated that anomalous Gold and PGE values were identified during an exploration drilling campaign at Zanthus and returned anomalous results of up to 2m @ 150ppb gold, 4.19ppb palladium and 15.4ppb platinum from a depth of 55m down hole. From past drilling the basement is interpreted to be between 20m and 55m below surface.

Figure 1 Image showing the location of the new Zanthus application in close proximity to Sirius Resources world class Nova nickel-copper discovery

Rumble Fast Tracks Exploration

Rumble developed a methodology to systematically explore the Zanthus Project looking to generate further high priority nickel and copper sulphide targets using proven exploration techniques.

During the quarter Rumble completed the first stage of exploration which was an orientation ground EM survey consisting of five traverse lines across the Southern Project area at station spacings of up to 1km. The survey was the first stage of exploration at Zanthus and was designed to test the conductivity and map the depth of the younger sedimentary rock sequences.

The reconnaissance survey was successful in its key objective of using wide-spaced ground MLTEM methods to ascertain the suitability of airborne EM methods to explore tenement E69/2506. The program determined that cost effective VTEM will be a suitable exploration tool for massive sulphide nickel and copper bodies over some 40% of the project area, meaning that any legitimate, massive sulphide, bedrock conductors present should be able to be detected by an airborne survey to a reasonable depth of investigation (down to 300m below surface). Rumble has a clear strategy of conducting exploration looking to identify nickel and copper massive sulphide bodies within the mafic basement rocks in the area utilising both airborne (VTEM) and more detailed ground EM.

Significantly, interpretation of the Ground EM results has identified the presence of a bedrock EM Conductor in the Northeast of E69/2506 which is of Moderate to Strong conductance. A further two areas of high conductivity may represent additional Bedrock EM Conductors in the central and western parts of the licence which have been an unexpected bonus to the program - See figure 4. Infill station readings were taken around the three areas of significant conductivity. Further surveying is required to ascertain with accuracy the level of conductivity, strike and dip of the bodies. Importantly, these three conductive zones occur close to largescale fault structures or overlying magnetic highs interpreted to represent mafic or ultramafic rock units which are the host rock unit to the Nova and Bollinger nickel-copper sulphide deposits.

Bedrock conductors are important when searching for nickel deposits as they may represent massive sulphides when identified in the right environment. The fact that the conductor identified is in the bedrock (or basement rocks) eliminates the potential that the conductor is caused by changes in the depth or conductivity of the overlying sedimentary cover sequences or is related to ground water at shallow depths. Sirius Resources Ltd made the world class Nova Massive Sulphide Nickel Copper Discovery by drilling a bedrock Conductor.

Figure 2 Image showing the location of the newly identified EM Conductor in close proximity to Sirius Resources world class Nova nickel-copper discovery

The Company considers the Fraser Range has the potential to host a significant number of Nickel deposits of various characteristic similar to that of the Voisy Bay, Thompson and Raglan nickel deposits in Canada which are host to multiple world class deposits.

Next Stage

The next stage of the systematic exploration planned at the Zanthus Project will include a detailed Airborne Magnetics program currently planned for May/June. The systematic program will also include geochemistry, gravity, VTEM and ground based exploration looking to generate further high priority nickel and copper sulphide targets.

Detailed Airborne Mag

Rumble is receiving quotes to complete a detailed airborne magnetics program. The detailed airborne magnetics data will provide:

• Identify structures (faults) and their significance
• Will map magnetic areas which may correlate with mafic-ultramafic rock units
• Recognise intrusive bodies and in particular mafic-ultramafic intrusions
• The magnetics will allow future ground EM, aircore drilling or gravity to be prioritised towards highly prospective areas.

Zanthus Project, Fraser Range Tenements

Rumble completed a strategic tenement application (ELA 28/2464) adjoining the existing Zanthus Project. The new Exploration License Application increases the Zanthus Project to 957 square kilometres and expanded Rumble Fraser Range foot print by 74% to 1383 square kilometres. Rumble secured this license for nil consideration in the hottest exploration region in Australia enabling Rumble to utilise its cash for high impact exploration. Rumble will continue to strategically expand its foot print in the emerging nickel province providing Rumble multiple opportunities to make the next significant Nickel Discovery.

The new application has had minimal base metal exploration with the initial technical review identifying airborne magnetic and gravity prospects. The Company considers the eastern side of the Fraser Range to be highly prospective for further world class Nickel-Copper discoveries with the application bordered by our Fraser Range peers in Sirius Resources NL, Matsa Resources Limited, Buxton Resources Limited and Mark Creasy controlled private company Ponton Minerals Pty Ltd – see figure 1.

Big Red Project, Fraser Range

E28/2322, E69/3190 & E28/2268 RTR owns 100%

The Big Red Project is prospective for sulphide Nickel and Copper mineralisation similar to the discovery of the Nova deposit almost two years ago by Sirius Resources Ltd (ASX: SIR).

Ground EM Survey

Rumble completed a moving-loop Electro-magnetic (EM) survey to explore the highly prospective magnetic and gravity targets within Rumbles Fraser Range project. The target areas were recently identified through reprocessing of ground gravity data and 3D inversion modelling of detailed airborne magnetics. Processing of the data identified a significant bedrock conductor which is over 2km long. This very large bedrock conductor is of moderate conductance levels, commences at a depth of approximately 250m and dips to the East.

Figure 3 Cross Section view showing the 2km long east dipping EM Conductor Figure 4 Plan view of ground EM results showing the conductor as a black line of cross section in red.

The conductive body is parallel to the local geology and the conductance levels are also increasing and becoming shallower to the north. It is also a magnetic high which is significant as pyrrhotite, the main constituent sulphide mineral of Nickel deposits, can be magnetic mineral. This is now a high priority target for the Company as the recent Mammoth Nickel Copper mineralisation, discovered by Classic Minerals (ASX:CLZ), is within a mafic sill of similar geometry to this EM conductor.

The exciting geological factors previously defined in the project area were the result of drilling completed by Teck Australia in 2010 and subsequent study on the drill core by the Geological Survey of Western Australia. This included the intersection of mafic gabbro sills in both Teck Australia drill holes. BRDDH001 & BRDDH002, which is also the host rock unit to the Nova and Bollinger nickel-copper sulphide deposits and interestingly also the host to nickel-copper sulphides intersected at the Mammoth target by Classic Minerals Ltd (ASX:CLZ) announced in December 2013.

Age dating of drill core returned crystallization ages of around 1.3 billion years which are consistent with age dates from within the Fraser Zone close to the Nova-Bollinger deposits. Hyperspectral logging (HyLogger) data from both Teck Australia drill holes has recently been received and will provide valuable data on the local geology adjacent to the conductive body.

Next Step

Rumble was recently awarded $150,000 to co-fund exploration at the project through the WA Government's Exploration Incentive Scheme (EIS) for the Big Red Project. As there are no native title issues Rumble can fast track the drill program over the following months by finalising a program of work which Rumble is currently completing.

Rumble is also receiving quotes to complete a detailed airborne magnetics program. This work will provide additional detailed information that will be used to finalise the big red drill program.

Big Red, Fraser Range Tenements

Rumble recently had two 100% owned tenement applications E28/2322 and E69/3190 granted taking Rumbles granted tenement holding to 426 square km's. The tenements are located on vacant crown land and not subject to any native title claims which enables Rumble to fast track exploration.

Rumble has also applied for two additional tenements E28/2382 & E28/2383 which are in a ballot. The two applications are in a highly sought after area of the Fraser Range and will be a welcome addition to the Fraser Range project if successful.

Rumble will continue to evaluate prospective projects and tenements in the Fraser Range to expand its Fraser Range foot print and will focus its upcoming exploration in the region. Rumble has a strong technical team in place to discover base and precious metals and believes the region has the prospect of being the worlds next big nickel province.

Figure 5 Rumble Tenement Holdings and 2 new applications

Other Exploration Activities

The Company has made a significant change of focus during the last 6 months on expanding and exploring for nickel in the developing Fraser Range of West Australia. The portfolio of other assets continues to be reviewed for sale or Joint Venture with a focus on reducing costs to maintain this focus.

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

Bompela Gold Discovery

The Bompela Gold Discovery is located along a 30km long regional fault structure on the Bompela Permit which forms part of the Derosa Project. The Bompela Prospect contains 2 major areas of artisanal gold workings which include 3 open pits with the largest approximately 100m long and 50m wide. The 2 artisanal areas are 850m metres apart and occur along the same southwest-northeast trending regional fault.

A Reverse Circulation (RC) drill program for 1,096 metres was completed in December 2013. The 9 holes were planned as a first phase to assess the artisanal mining areas, establish the depth of weathering and provide details on the geology of the area to aid future exploration.

Encouraging results:

• High grade gold mineralisation zone discovered with 8metres at 4.56g/t Au
• A broad mineralisation zone with 80meters at 0.9g/tAu
• Gold mineralised zone extends from surface to 150m and is open at depth
• All holes assayed intersected gold mineralisation

1 metre assay results were received from RC drilling that was completed at Bompela in the previous quarter. These results are tabulated below and compare favourably to previously reported composite (4m) assay results indicating that substantial potential exists at the project.

Hole	Type	EOH Depth	From	To	Width	Au g/t
BRC001	RC	150	16	22	6	4.44
BRC001	RC	150	25	26	1	1.14
BRC001	RC	150	78	80	2	1.86
BRC001	RC	150	95	96	1	2.28
BRC001	RC	150	97	98	1	1.29
BRC001	RC	150	99	101	2	3.12
BRC001	RC	150	113	114	1	1.56
BRC001	RC	150	131	132	1	2.31
BRC002	RC	120	25	26	1	2.16
BRC002	RC	120	31	32	1	1.06
BRC002	RC	120	45	48	3	1.85
BRC002	RC	120	49	50	1	1.23
BRC002	RC	120	87	88	1	1.22
BRC005	RC	120	25	27	2	1.66
BRC005	RC	120	42	44	2	2.79
BRC007	RC	121	39	40	1	4.18
BRC007	RC	121	58	59	1	1.02
BRC007	RC	121	85	86	1	1.07
BRC007	RC	121	88	89	1	1.25
BRC008	RC	102	51	52	1	2.03
BRC009	RC	109	66	67	1	3.09

Table One metre RC assay results from drilling at Bompela

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. The Proterozoic-aged Paterson Province is host to several significant operating mines and mineral deposits including the Telfer Gold Mine, Nifty Copper Mine, Maroochydore Copper Deposit and the Kintyre Uranium Deposit.

No Exploration was completed during the quarter.

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.

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.

No exploration was completed during the quarter.

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.

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.

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
Ashburton	E08/2152	Granted	Western Australia	80%
Ashburton	E08/2489	Application	Western Australia	100%
Ashburton	E08/2453	Application	Western Australia	80%
Ashburton	E08/1457	Granted	Western Australia	0% Note 1
Ashburton	E47/1765	Granted	Western Australia	0% Note 1
Ashburton	E08/2256	Granted	Western Australia	100%
Ashburton	E08/2257	Granted	Western Australia	100%
Ashburton	E47/2503	Granted	Western Australia	100%
Beadell	E45/2405	Granted	Western Australia	80%
Beadell	E45/4186	Application	Western Australia	90%
Beadell	E45/4223	Application	Western Australia	80%
Beadell	E45/4233	Application	Western Australia	80%
Beadell	E45/4267	Application	Western Australia	80%
Canegrass	E29/783	Granted	Western Australia	90%
Big Red	E28/2268	Granted	Western Australia	100%
Big Red	E28/2322	Granted	Western Australia	100%
Big Red	E69/3190	Granted	Western Australia	100%
Big Red	E28/2382	Competing Application	Western Australia	100%
Big Red	E28/2383	Competing Application	Western Australia	100%
Zanthus	E69/2506	Granted	Western Australia	20% Note 3
Zanthus	E28/2464	Application	Western Australia	100%
Leyland	E80/4767	Granted	Western Australia	100%
Leyland	E80/4768	Granted	Western Australia	100%
Leyland	E80/4780	Application	Western Australia	100%
Derosa	Bompela	Granted	Burkina Faso	0% Note 2
Derosa	Rassouli	Granted	Burkina Faso	0% Note 2
Derosa	Sapala	Granted	Burkina Faso	0% Note 2
Derosa	Boussou	Granted	Burkina Faso	0% Note 2
Derosa	Souri	Granted	Burkina Faso	0% Note 2
Derosa	Gourbala	Granted	Burkina Faso	0% Note 2

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

Project	TenementNumber	Status	Location	BeneficialPercentageInterest
Zanthus	E69/2506	Granted	Western Australia	20% Note 3
Zanthus	E28/2464	Application	Western Australia	100%

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

Project	TenementNumber	Status	Location	Comment
Ashburton	E08/2313	Granted	Western Australia	Surrendered
Ashburton	E08/2326	Granted	Western Australia	Surrendered

Note:

1. Ashburton Project, Western Australia

E08/1457 & E47/1765 Ashburton 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 can earn up to a 75% interest in these permits.

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, randomchips, or specific specialised industry standard measurementtools appropriate to the minerals under investigation, such asdown hole gamma sondes, or handheld XRF instruments,etc). These examples should not be taken as limiting thebroad meaning of sampling.•Include reference to measures taken to ensure samplerepresentivity and the appropriate calibration of anymeasurement tools or systems used.•Aspects of the determination of mineralisation that areMaterial to the Public Report.•In cases where 'industry standard' work has been done thiswould be relatively simple (eg 'reverse circulation drilling wasused to obtain 1 m samples from which 3 kg was pulverised toproduce a 30 g charge for fire assay'). In other cases moreexplanation may be required, such as where there is coarsegold that has inherent sampling problems. Unusualcommodities or mineralisation types (eg submarine nodules)may warrant disclosure of detailed information.	Big Red Project•FLUXGATE B-field sensorused for EM.•200m x 200m double turnloops•100m station spacings alonglinesZanthus Project•FLUXGATE B-field sensorused for EM.•Double turn loops•Up to 1km station spacingsalong linesDerosa Project•One metre samples werecollected for assay.•The whole RC metre was rifflesplit and this split sent for assay.
Drillingtechniques	•Drill type (eg core, reverse circulation, open-hole hammer,rotary air blast, auger, Bangka, sonic, etc) and details (egcore diameter, triple or standard tube, depth of diamond tails,face-sampling bit or other type, whether core is oriented and ifso, by what method, etc).	Derosa Project•Reverse Circulation (RC) drillingaccounts for 100% of Rumblescurrent drilling at the Bompelaprospect.
Drillsamplerecovery	•Method of recording and assessing core and chip samplerecoveries and results assessed.•Measures taken to maximise sample recovery and ensurerepresentative nature of the samples.•Whether a relationship exists between sample recovery andgrade and whether sample bias may have occurred due topreferential loss/gain of fine/coarse material.	Derosa Project•RC recoveries are logged visuallyas a percentage.
Logging	•Whether core and chip samples have been geologically andgeotechnically logged to a level of detail to supportappropriate Mineral Resource estimation, mining studies andmetallurgical studies.•Whether logging is qualitative or quantitative in nature. Core(or costean, channel, etc) photography.•The total length and percentage of the relevant intersectionslogged.	Derosa Project•RC drilling has been geologicallylogged to a level of detail to beappropriate for mineral resourceestimation.•Logging of RC drilling recordslithology, mineralogy,mineralization, weathering, colourand other appropriate features.•All drill holes were logged in full.
Sub-samplingtechniquesandsamplepreparation	•If core, whether cut or sawn and whether quarter, half or allcore taken.•If non-core, whether riffled, tube sampled, rotary split, etc andwhether sampled wet or dry.•For all sample types, the nature, quality and appropriatenessof the sample preparation technique.•Quality control procedures adopted for all sub-samplingstages to maximise representivity of samples.•Measures taken to ensure that the sampling is representativeof the in situ material collected, including for instance resultsfor field duplicate/second-half sampling.•Whether sample sizes are appropriate to the grain size of thematerial being sampled.	Derosa Project•Not Applicable•RC samples were riffle split.Samples were collected dry.•The sample preparation of RCsamples follows industry bestpractice. All samples arepulverized.•RC samples are collected at 1mintervals using a riffle splitter.Certified Reference Materials(CRM) and/or house controls,blanks, splits and replicates areanalysed with each batch ofsamples.

Criteria	JORC Code explanation	Commentary
		•Field duplicates have been taken.Samples selected so there is totalpreparation at the pulverizationstage.
•Qualityofassaydataand•laboratory	The nature, quality and appropriateness of the assaying andlaboratory procedures used and whether the technique isconsidered partial or total.For geophysical tools, spectrometers, handheld XRF	Big Red and Zanthus Project•A FLUXGATE B-field sensor wasused for the EM survey
tests•	instruments, etc, the parameters used in determining theanalysis including instrument make and model, reading times,calibrations factors applied and their derivation, etc.Nature of quality control procedures adopted (eg standards,blanks, duplicates, external laboratory checks) and whetheracceptable levels of accuracy (ie lack of bias) and precisionhave been established.	Derosa Project•The analytical technique used wasfire assay with a 50 gram sample.•No geophysical tools were used todetermine any element.concentrations at this report.•Sample preparation checks forfineness were carried out by thelaboratory as part of internalprocedures to ensure thatsamples were preparedappropriately.
•Verification ofsampling and•assaying•	The verification of significant intersections by eitherindependent or alternative company personnel.The use of twinned holes.Documentation of primary data, data entry procedures, dataverification, data storage (physical and electronic) protocols.	Big Red and Zanthus Project•All data is checked on a dailybasis by field staff and consultants•Any data points that arequestionable are re-surveyed
•	Discuss any adjustment to assay data.	Derosa Project
		•Intersections of the RC drillinghave been visually verified by the
		Exploration Manager andindependent technicalconsultants.
		•Primary data was collected byexcel templates using lookup
		codes.•No Adjustments or Calibrationswere made to the assay datareported.
•Locationof	Accuracy and quality of surveys used to locate drill holes	Big Red and Zanthus Project
data points•	(collar and down-hole surveys), trenches, mine workings andother locations used in Mineral Resource estimation.Specification of the grid system used.	•Data points were located by GPS.Elevation values were in AHD.Expected accuracy is +/- 5m for
•	Quality and adequacy of topographic control.	northing and easting and 15m forelevation coordinates.
		•The grid system is GDA94(MGA),zone 51.
		Derosa Project•Drill hole collars were located byGPS. Expected accuracy is +/- 5mfor northing and easting and 15mfor elevation coordinates.•The grid system is WGS84 zone
•Data spacing	Data spacing for reporting of Exploration Results.	30.Big Red Project
•anddistribution	Whether the data spacing and distribution is sufficient toestablish the degree of geological and grade continuityappropriate for the Mineral Resource and Ore Reserveestimation procedure(s) and classifications applied.	•Survey lines are 200m apart•Loops layed out are 200m x 200m•Station spacings are 100m along200m spaced lines.
•	Whether sample compositing has been applied.	Zanthus Project
		•Survey lines varied as existingtracks were used

Criteria	JORC Code explanation	Commentary
		•Station spacings are up to 1kmalong traverse lines.
		Derosa Project•The nominal drill spacing was80m along northwest-southeastoriented drill lines.•The drilling is at an early stage sothere is not sufficient data toestablish the degree of geologicaland grade continuity.•The samples are 4m compositesamples.
•Orientation ofdatainrelationto•geologicalstructure	Whether the orientation of sampling achieves unbiasedsampling of possible structures and the extent to which this isknown, considering the deposit type.If the relationship between the drilling orientation and theorientation of key mineralised structures is considered to haveintroduced a sampling bias, this should be assessed andreported if material.	Big Red Project•The survey has been oriented tobe perpendicular to the majorstructural and stratigraphic trendsin the region.Zanthus Project•Traverses were undertaken alongexisting lines some perpendicularto the interpreted strike directionand some parallel to theinterpreted strike direction.
		Derosa Project•The data spacing at this stage isnot sufficient to establish bothgeological and grade continuity.•No orientation bias has beenidentified in the data at this point.
•Samplesecurity	The measures taken to ensure sample security.	Big Red and Zanthus Project•All data has been collected byOuter-Rim Exploration Serviceswith data provided to theCompanies consultants.
		Derosa Project•Chain of custody is managed bySEMS Technical Services Ltd.Samples are stored on site andare delivered by SEMS personnelto a Ouagadougou laboratory.
•Auditsorreviews	The results of any audits or reviews of sampling techniquesand data.	Big Red and Zanthus Project•No audits or reviews have beencarried out at this stage.
		Derosa Project•No audits or reviews have beenset up at this stage.

Section 2 Reporting of Exploration Results

Criteria	JORC Code explanation	Commentary
Mineraltenement andlandtenurestatus	•Type, reference name/number, location and ownershipincluding agreements or material issues with third parties suchas joint ventures, partnerships, overriding royalties, native titleinterests, historical sites, wilderness or national park andenvironmental settings.•The security of the tenure held at the time of reporting alongwith any known impediments to obtaining a licence to operatein the area.	Big Red Project•The EM survey is located whollywithin Exploration LicenceE28/2268 owned by 100%Rumble Resources Ltd•Located on Vacant Crown Land.Zanthus Project•The EM survey is located whollywithin Exploration LicenceE69/2506 with Rumble earning upto 75% from Blackham ResourcesLtd.•Located on Vacant Crown Land.Derosa Project•The drilling is located whollywithin the Exploration PermitBompela,•Rumble is in a JV with CanyonResources Ltd to acquire 75%.•The tenement is in good standing
Explorationdone by otherparties	•Acknowledgment and appraisal of exploration by other parties.	and no known impediments exist.Big Red Project•The area was previously exploredby Teck Australia Pty Ltd between2007 to 2010. Explorationactivities included ground gravitysurveys, airborne magneticssurveys and two diamond drillholes.Zanthus Project•No electrical geophysics is knownto have been undertaken by otherCompanies in the area.Derosa Project•No previous exploration has beencompleted by other parties.
Geology	•Deposit type, geological setting and style of mineralisation.	Big Red and Zanthus•The Company is exploring forbase metals and goldmineralisation.Derosa Project•Gold mineralisation appears to beassociated with quartz veiningand pyrite alteration of a granitebody.
DrillholeInformation	•A summary of all information material to the understanding ofthe exploration results including a tabulation of the followinginformation for all Material drill holes:oeasting and northing of the drill hole collaroelevation or RL (Reduced Level – elevation above sealevel in metres) of the drill hole collarodip and azimuth of the holeodown hole length and interception depthohole length.•If the exclusion of this information is justified on the basis thatthe information is not Material and this exclusion does notdetract from the understanding of the report, the CompetentPerson should clearly explain why this is the case.	Derosa Project•Refer to table in the body of thetext.
Dataaggregation	•In reporting Exploration Results, weighting averagingtechniques, maximum and/or minimum grade truncations (egcutting of high grades) and cut-off grades are usually Material	Derosa Project•All reported assays have beenlength weighted. No top-cuts have

Criteria	JORC Code explanation	Commentary
methods	and should be stated.•Where aggregate intercepts incorporate short lengths of highgrade results and longer lengths of low grade results, theprocedure used for such aggregation should be stated andsome typical examples of such aggregations should be shownin detail.•The assumptions used for any reporting of metal equivalentvalues should be clearly stated.	been applied. A nominal 1g/t Aulower cut off is reported as beingsignificant in the context of thegeological setting.•The maximum internal dilution(grade <1g/t Au) was 0m.•No use of metal equivalents hasbeen used in this report.
Relationshipbetweenmineralisationwidthsandinterceptlengths	•These relationships are particularly important in the reportingof Exploration Results.•If the geometry of the mineralisation with respect to the drillhole angle is known, its nature should be reported.•If it is not known and only the down hole lengths are reported,there should be a clear statement to this effect (eg 'down holelength, true width not known').	Derosa Project•The geometry of the primarymineralization is not known atpresent due to the lack of deeperdrilling and the early stage ofexploration.
Diagrams	•Appropriate maps and sections (with scales) and tabulationsof intercepts should be included for any significant discoverybeing reported These should include, but not be limited to aplan view of drill hole collar locations and appropriate sectionalviews.	Big Red Project•Figure 1 is the cross section andfigure 2 is the plan view of the EMconductor discovery.Zanthus Project•Figure 4 is the plan view of theEM conductor discovery.Derosa Project•Refer to figures in the body oftext.
Balancedreporting	•Where comprehensive reporting of all Exploration Results isnot practicable, representative reporting of both low and highgrades and/or widths should be practiced to avoid misleadingreporting of Exploration Results.	Zanthus and Big Red Project•No information required for theseexploration results as no drillingresults are presented.Derosa Project•All significant results are reported,with a 1g/t Au lower cut-off.
Othersubstantiveexplorationdata	•Other exploration data, if meaningful and material, should bereported including (but not limited to): geological observations;geophysical survey results; geochemical survey results; bulksamples – size and method of treatment; metallurgical testresults; bulk density, groundwater, geotechnical and rockcharacteristics; potential deleterious or contaminatingsubstances.	Big Red Project•Previous ASX releases byRumble have detailed aspects ofprevious work undertaken at theproject including reprocessing ofgravity and airborne magneticsdataZanthus Project•Previous ASX releases byRumble have detailed aspects of
Further work	•The nature and scale of planned further work (eg tests forlateral extensions or depth extensions or large-scale step-outdrilling).•Diagrams clearly highlighting the areas of possible extensions,including the main geological interpretations and future drillingareas, provided this information is not commercially sensitive.	previous work undertaken at theprojectBig Red Project•At this stage, the EM results areindicative in nature and requirefurther exploration to establish thetrue size and nature of themineralisation, if any.•Drill testing will be undertaken totest the bedrock conductors.•Refer to diagrams in body ofreport.Zanthus Project•At this stage, the EM results areindicative in nature and requirefurther exploration to establish thetrue size and nature of themineralisation, if any.•Refer to diagrams in body of

report.

Criteria	JORC Code explanation	Commentary
		Derosa Project•At this stage, mineralisation isonly indicative and requiresfurther exploration and infill drillingto establish the true size andnature of the mineralisation.

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 31 March 2014

Consolidated statement of cash flows

		Current quarter	Year to date
	Cash flows related to operating activities	$A'000	(9 months)
			$A'000
1.1	Receipts from product sales and relateddebtors	-	-
1.2	Payments for (a) exploration & evaluation	(251)	(701)
	(b) development	-	-
	(c) production	-	-
	(d) administration	(95)	(551)
1.3	Dividends received	-
1.4	Interest and other items of a similar nature
	received	-	3
1.5	Interest and other costs of finance paid	-	-
1.6	Income taxes paid	-	-
1.7	Other – grant income	432	462
	Net Operating Cash Flows	86	(787)
	Cash flows related to investing activities
1.8	Payment for purchases of:
	(a) prospects	-	(56)
	(b) equity investments	-	-
	(c) other fixed assets	-	-
1.9	Proceeds from sale of:
	(a) prospects	-	-
	(b) equity investments	20	38
	(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	20	(18)
1.13	Total operating and investing cash flows
	(carried forward)	106	(805)

• See chapter 19 for defined terms.

1.13	Total operating and investing cash flows(brought forward)	106	(805)
	Cash flows related to financing activities
1.14	Proceeds from issues of shares, options, etc.	-	884
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	-	(68)
	Net financing cash flows	-	816
	Net increase (decrease) in cash held	106	11
1.20	Cash at beginning of quarter/year to date	164	259
1.21	Exchange rate adjustments to item 1.20	-	-
1.22	Cash at end of quarter	270	270

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	46
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	200
4.2	Development	-
4.3	Production	-
4.4	Administration	120
	Total	320

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	217	111
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)	270	164

Changes in interests in mining tenements and petroleum tenements

		Tenementreferenceandlocation	Nature of interest(note (2))	Interest atbeginningof quarter	Interest atend ofquarter
6.1	Interests in mining	E08/2313	Ashburton Project	100%	-
	tenements andpetroleum tenementsrelinquished, reducedor lapsed	E08/2326	Ashburton Project	100%	-
6.2	Interests in miningtenements andpetroleum tenementsacquired or increased	E69/2506	Zanthus Project	-	20%

+ 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, buy
	backs,
	redemptions
7.3	+Ordinary	79,503,480	79,503,480
	securities
7.4	Changes during
	quarter
	(a) Increases
	through issues	2,500,500	2,500,500
	(b) Decreases
	through returns
	of capital, buy	-	-
	backs
7.5	+Convertible
	debt
	securities
	(description)
7.6	Changes during
	quarter
	(a) Increases
	through issues
	(b) Decreases
	through
	securities
	matured,
	converted
7.7	Options			Exercise price	Expiry date
	(description and	20,578,102	20,578,102	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
		1,707,316	-	4.1 cents	17 December 2016
7.8	Issued during	250,250	250,250	8 cents	30 June 2015
	quarter
7.9	Exercised
	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: 30 April 2014
	(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.