RUMBLE RESOURCES LIMITED — Interim / Quarterly Report 2014

Jan 30, 2014

December 2013 Quarterly Activities Report

Highlights

Fraser Range, Western Australia

• Rumble identified a significant bedrock EM conductor which is prospective for Massive Nickel Sulphides
• Rumble has been awarded $150,000 to co-fund exploration at the project through the WA Government's Exploration Incentive Scheme (EIS) for the Fraser Range Project
• Rumble has now acquired 100% of the Fraser Range Project by paying the purchase price prior to the expiration of the option period

Derosa Project, Burkina Faso

Maiden RC drilling was completed with results from the first 9 hole RC drilling program at the Bompela Prospect include:

• High grade gold mineralisation zone discovered with 8 metres at 4.56g/t Au
• A broad mineralisation zone with 88 meters at 0.79g/t Au
• Gold mineralised zone extends from near surface to 150m and is open at depth
• All holes assayed intersected gold mineralisation
• The gold mineralisation is contained within an intensely silicified, potassic altered and quartz veined, pyrite-bearing granite
• This style has opened up a large new area for exploration within the Bompela permit which covers a major 30km regional fault structure

Beadell Project, Western Australia

• Results from the dipole-dipole Induced Polarisation (IP) survey have identified significant chargeable zones which may be associated with disseminated sulphide style base metal or gold mineralisation
• Rumble has been awarded up to $150,000 in drill funding under the State Governments Exploration Incentive Scheme which will be used to drill test these targets
• A review of historic exploration and government data along with geological reconnaissance on recent exploration licence applications has identified untested airborne EM conductors some of which are coincident with anomalous copper-silver rock chip sample results (up to 23% Copper & 661g/t Silver) and a untested high tenor copper-cobalt soil anomaly

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

Rumble's activities were focussed on the Fraser Range and Beadell Projects which are both exciting base metal projects in WA along with the Derosa Project, a developing gold project in Burkina Faso, West Africa.

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

Primary Exploration Activities

Fraser Range Project West Australia RTR owns 100%

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

Figure 1 Fraser Range Tenement locations.

During the quarter the company announced that it had fast tracked exploration through the commencement of a ground EM program at its highly prospective Fraser Range Project. The ground EM survey is a systematic programme to determine if conductive bodies which may represent massive sulphide mineralisation are present. The Fraser Range Project has the same intrusive rock units which are of similar age to the host rock units to the Nova and Bollinger nickel-copper deposits.

Rumble is completing 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 ground gravity data and 3D inversion modelling of detailed airborne magnetics.

The ground EM survey is now 75% complete with the preliminary processing of the data identifying a significant bedrock conductor which is currently 2km long. The bedrock conductor is of moderate conductance levels and has a depth extent of around 250 metres to the top of the body, which is dipping towards the east.

The conductor appears to be parallel to the local geology with the conductance levels increasing and becoming shallower as the EM survey continues moving towards the north.

As of 10th of December 640 stations had been collected (75% completed) with the survey anticipated to be finished in February 2014. The company will complete detailed modelling once all the data is received with further information in the New Year.

Figure 2 Plan view of ground EM results showing the conductor as a black line**.**

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 drillholes, 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.

Awarded $150,000 in EIS Funding

Rumbles application for the WA State Government's Exploration Incentive Scheme (EIS) has been successful. Rumble has been awarded up to $150,000 in co-funding to drill test the highly prospective Fraser Range Project targets.

The EIS scheme is an initiative by the WA Government to encourage innovative drilling by companies in Greenfields regions of Western Australia. Rumble considers the grant of EIS funding, which is subject to a competitive process, to be indicative of the quality of the Fraser Range Project and targets identified to date.

Rumble Option Agreement

Rumble has acquired the Fraser Range Project 100% by paying the purchase price prior to the expiration of the option period. Key Terms of the Purchase Price:

• A. The Purchase Price shall be $30,000 in cash and $70,000 in listed shares with one free attaching option for each listed share.
• B. The value of the listed shares shall be based on the 30 day volume weighted average price in the 30 days prior to Rumble electing to pay the Purchase Price.
• C. The options under (a) above are to be issued with no less than a 3 year exercise period and at an exercise price equal to the 30 day volume weighted average price in the 30 days prior to Rumble electing to pay the Purchase Price.
• D. On successfully completing the payment of cash and shares Rumble will own the tenement 100%.

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

Joint Venture with Canyon Resources – Derosa Project, Burkina Faso

During the quarter Rumble completed its maiden RC program at the Bompela Gold Discovery.

About the 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 (See Figure 3). 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.

Figure 3. Bompela Gold Discovery on a 30 kilometre long fault structure

The main artisanal open pit is a compelling target as it is a rare sight in West Africa with the artisanals generally following the quartz structures and only removing a minimal amount of dirt to maximise their efforts. The open pit and sampling completed by Rumble, suggests that the gold is not only in the quartz veins but also in the granite host rock which is important when looking for a deposit that could host bulk tonnage as well as suitable grade. Prior exploration by Rumble has included rock chip sampling, mapping, and a ground geophysical survey

RC Drilling Program

A maiden drilling program consisting of 9 Reverse Circulation (RC) drill holes for 1,096 metres was completed in December 2013 (Table 1). 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. Two sections 100m apart in the Main artisanal site were completed and 2 holes 80m metres apart at the Western artisanal workings were drilled.

One section was drilled with an angled "scissor hole" oriented in an opposing direction to better define the shape and distribution of the mineralisation under the main artisanal working (Figure 4).

This drilling showed the following:

• Strong silica-potassic-pyrite alteration of the granite body
• All drill holes intersected gold mineralisation
• Drill results and surface sampling of the mineralisation in the open pit indicate that the continuity of gold mineralisation within the granite is good
• The gold mineralisation is contained within an intensely silicified and quartz veined, pyrite-bearing granite intrusion

Hole ID	Easting	Northing	RL	Azimuth	Dip	EOH Depth
BRC001	529243	1457317	338	135	-60	150
BRC002	529183	1457362	336	135	-60	120
BRC003	529303	1457245	341	225	-60	127
BRC004	529169	1457252	347	135	-60	127
BRC005	529108	1457308	347	135	-60	120
BRC006	529043	1457375	334	135	-60	120
BRC007	528387	1457045	341	135	-60	121
BRC008	528441	1456985	334	315	-60	102
BRC009	529303	1457245	341	315	-60	109

Table 1. Drill hole locations for RC program on Derosa Project, Burkina Faso

*Co-ordinates are in WGS84 UTM Zone 30

Figure 4: Cross Section of holes BRC001, BRC002 and BRC009

Planned Follow up Program

Planned follow-up program includes

• Follow-up program will include infill and extension RC/Aircore drilling of nearby targets
• An induced polarisation ("IP") geophysical survey which will look for pyrite bearing granite, which hosts the gold mineralisation
• Geochemical sampling of nearby targets
• Multi element testing to see if any other mineralisation is present with the sulphides

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. Recent exploration success in the area has been announced by Encounter Resources Ltd (ASX: ENR) with significant copper sulphide intersections at the BM1 and BM7 Prospects and anomalous zinc sulphide intersections at the BM2 Prospect. Encounter Resources Ltd currently have an earn in JV agreement with major copper producer Antofagasta PLC whereby they may earn an initial 51% of the project by expenditure of $20 million over a 5 year period.

Figure 5: Beadell Project showing exploration licence holdings, prospects and new targets.

IP Survey Results

A dipole-dipole Induced Polarisation (IP) survey was completed in December 2013 at the Kaos and Ninety-Nine Prospects completing 4 lines for a total of 11.3 line km surveyed. These two prospects are markedly different targets. The Kaos Prospect is a 2.2 km long x 400m wide airborne EM anomaly whilst the Ninety-Nine Prospect is an IP chargeability high associated with a folded unit of highly magnetic banded iron formation. A single drill hole at Ninety-Nine in 2012 drilled through banded iron formation and potassic altered tonalities and gneisses but failed to intersect and explain the IP target. The drill hole returned some anomalous gold values, including 1m @ 0.75g/t and 2m @ 0.43g/t, and petrology identified the presence of the uranium mineral uranothorite, copper sulphide mineral chalcopyrite and cerium mineral synchysite

In December 2013 at the Kaos Prospect an IP survey line was completed across the main airborne EM anomaly and lines completed at the Ninety-Nine Prospect to the east of Kaos were extended to the north to cross the Kaos stratigraphic position. The survey line across the main Kaos EM feature identified a moderate chargeable zone coincident with the airborne EM anomaly (Anomaly E) and also identified a deeper chargeable zone with no associated EM anomaly (Anomaly D; Figures 6 & 7). The lines that crossed the Kaos position to the east identified a highly chargeable zone which correlates with moderate conductivity and a magnetic high (Anomaly A). These targets have not been drill tested.

Three IP survey lines were completed at the Ninety-Nine Prospect where a single IP line was completed in 2012 identifying a highly chargeable zone associated with a magnetic high. The three IP lines undertaken in December 2013 were oriented better to define the chargeable zone. The survey identified two very highly chargeable zones (Anomalies B & C) with moderate conductivity and associated magnetic high with one on either side of a northwest trending fold.

Figure 6: Location of main prospect areas and newly generated IP Anomalies on Airborne EM background.

The IP anomalies identified are summarised below:

Anomaly A - is a new strongly chargeable response to the east of Kaos which correlates with moderate conductivity (>15 mV/V), and a magnetic high.

Anomaly B - is the chargeable response previously defined at Ninety-Nine Prospect in 2012. It is very strongly chargeable (>50 mV/V), moderately conductive, and correlates with a magnetic and topographic high on the northern side of a fold. Drill hole BDRCD022 failed to intersect this strong chargeable zone. Anomaly C - is a newly defined, very strong chargeable high (>50 mV/V), at the Ninety-Nine Prospect, moderately conductive, and correlates with a magnetic and topographic high.

Anomaly D - a shallow moderately chargeable response at the Kaos Prospect was coincident with the shallow airborne EM conductor (15 to 20 mV/V).

Anomaly E - A stronger deeper chargeable response was identified at the Kaos Prospect which has no airborne EM conductive response (40 mV/V).

Figure 7: IP traverse lines showing newly generated IP Anomalies (A to E) with conductivity as background.

The new IP data in association with existing datasets will assist with better drill targeting for the coming field season when the Company intends on utilising the $150,000 EIS drilling grant to assist with the costs of drill testing the Kaos and Ninety-Nine Prospects.

Recent Exploration Licence Application Areas

In 2013 Rumble lodged three new Exploration Licence Applications (E45/4223, E45/4233 & E45/4267) at the Beadell Project increasing the projects size to a combined area of 920 km2 and significantly increasing the projects prospectivity. The Beadell Project contains mapped areas of the Rudall Complex which hosts the Maxwell, Kaos and Ninety-Nine Prospects and now with the new applications also mapped areas of the Yeneena Supergroup which hosts the Nifty Copper Mine, Maroochydore Copper Deposit and new discoveries by Encounter Resources at BM1, BM2 and BM7 to the north. Rumble believes that the Beadell Project is prospective for sediment hosted base metal Cu-Zn-Pb-Ag, structurally controlled copper and intrusion-related Cu-Au mineralisation.

Recent review of the data compilation and new application areas which included processing of a 2007 Airborne EM survey undertaken by Geoscience Australia across the Paterson Province, ground reconnaissance and rock chip sampling of one EM anomaly has highlighted some encouraging factors which has significantly increased the projects overall prospectivity (Figures 5 & 8):

• 1. Several discrete untested Airborne EM anomalies are present within the expanded project area which have not been evaluated by either ground checking, soil sampling, ground EM or drilling.
• 2. A site visit to the area of one Airborne EM anomaly identified the presence of copper oxide mineralisation (malachite) which returned rock chip samples ranging from 0.22% to a peak of 23.9% Cu and 5.2g/t to a peak of 661g/t Ag (Table 2). The high values in Copper and Silver which are coincident with the airborne EM anomaly represent a high priority target.
• 3. Four close spaced rock chip samples taken by CRA Exploration Pty Ltd in 1993 returned copper assays ranging from 0.04% up to a peak of 1.7% Cu. These rock chips are from mapped sedimentary units of the Yeneena Supergroup and no follow-up to evaluate these results has been completed.
• 4. A thirty-two sample soil sampling program over mapped units of the Yeneena Supergroup completed by CRA in 1993 returned values ranging from 11ppm to 607ppm copper, 0.21ppm to 12.5ppm silver, 9ppm - 1800ppm cobalt and 539ppm to 9830ppm barium which are considered highly anomalous soil values which have had no follow-up exploration and
• 5. The McKay Fault Zone, a regionally important fault structure associated with copper mineralisation to the north of the project area runs through the enlarged Beadell Project area.

Figure 8: Beadell Project with Airborne EM as background with main prospect areas and newly identified soil, rock chip and EM targets.

Leyland Project, Western Australia (RTR 100%)

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

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

During the quarter E80/4768 and E80/4767 were granted. No exploration was completed during the quarter.

Canegrass Project (RTR 90%), Western Australia

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

In June 2013 Rumble completed a first pass auger geochemistry program with assay results identifying an area with high copper

Figure 9: Map showing tenement holdings at the Canegrass Project.

anomalism (Peak 3,080ppm Cu), two areas of coincident Cu-Zn anomalism and an area with widespread low level gold anomalism.

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

No exploration was completed during the quarter.

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.

Corporate

As at 31st January 2014, Rumble has $130k cash, a Research and Development refund due of $430k with additional current liquid assets held for sale and receivables valued in total of $210k totalling $770k cash and cash equivalents.

Shane Sikora CEO

- ENDS -

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

About Rumble Resources Ltd

Rumble Resources Ltd is an Australian based exploration company, officially admitted to the ASX on the 1st July 2011. Rumble was established with the aim of adding significant value to its current gold and base metal assets and will continue to look at mineral acquisition opportunities both in Australia and abroad.

Competent Persons Statement – Beadell and Derosa Projects

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.

Table 2: Rock chip samples taken over Airborne EM anomaly Beadell Project

Sample ID	Easting	Northing	Datum	Au ppm	Ag ppm	Cu %
PBCR00A	457114	7469834	MGA94 Zone 51	<0.01	661	23.9
PBCR00B	457122	7469826	MGA94 Zone 51	<0.01	5.2	0.222

*Au assay by Fire Assay. Ag and Cu assay by ICP-AES.

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	BeneficialPercentageInterest
Ashburton	E08/2152	Granted	80%
Ashburton	E08/2313	Granted	80%
Ashburton	E08/2326	Granted	100%
Ashburton	E08/2489	Application	100%
Ashburton	E08/2453	Application	80%
Ashburton	E08/1457	Granted	0% Note 1
Ashburton	E47/1765	Granted	0% Note 1
Ashburton	E08/2256	Granted	100%
Ashburton	E08/2257	Granted	100%
Ashburton	E47/2503	Granted	100%
Beadell	E45/2405	Granted	80%
Beadell	E45/4186	Application	90%
Beadell	E45/4223	Application	80%
Beadell	E45/4233	Application	80%
Beadell	E45/4267	Application	80%
Canegrass	E29/783	Granted	90%
Fraser Range	E28/2268	Granted	100%
Fraser Range	E28/2322	Application	100%
Fraser Range	E69/3190	Application	100%
Fraser Range	E28/2382	Competing Application	100%
Fraser Range	E28/2383	Competing Application	100%
Leyland	E80/4767	Granted	100%
Leyland	E80/4768	Granted	100%
Leyland	E80/4780	Application	100%
Leyland	E80/4780	Application	100%
Derosa	Bompela	Granted	0% Note 2
Derosa	Rassouli	Granted	0% Note 2
Derosa	Sapala	Granted	0% Note 2
Derosa	Boussou	Granted	0% Note 2
Derosa	Souri	Granted	0% Note 2
Derosa	Gourbala	Granted	0% Note 2

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

Project	Tenement Number	Status	BeneficialPercentage Interest
Fraser Range	E28/2268	Granted	100%
Fraser Range	E28/2382	Competing Application	100%
Fraser Range	E28/2383	Competing Application	100%

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

Not applicable.

Note:

1. Ashburton Project:

E08/1457 & E47/1765 Ashburton are 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

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.

Bompela RC Assays

>1g/t Au
Hole ID	Plan Hole	EOHDepth	From	To	Width	Au g/t
BRC001	Bom 58	150	14	22	8	4.58
BRC001	Bom 58	150	78	82	4	1.86
BRC001	Bom 58	150	98	102	4	1.16
BRC002	Bom 59	120	44	48	4	1.92
BRC005	Bom 48	120	42	46	4	3.15
BRC006	Bom 49	120	62	66	4	1.04
	>0.1g/t Au
		EOH
Hole ID	Plan Hole	Depth	From	To	Width	Au g/t
BRC001	Bom 58	150	14	102	88	0.79
BRC001			102	150	48	0.31
BRC001	including		14	22	8	4.58
BRC001	including		78	82	4	1.86
BRC001	including		98	102	4	1.16
BRC002	Bom 59	120	0	120	120	0.3
BRC002	including		44	48	4	1.92
BRC003	Bom 57	127	0	4	4	0.1
BRC003		127	64	68	4	0.1
BRC004	Bom 47	127	4	42	38	0.14
			90	125	35	0.2
BRC005	Bom 48	120	4	118	114	0.33
BRC005	including		42	46	4	3.15
BRC006	Bom 49	120	54	66	12	0.41
BRC006	including		62	66	4	1.04
BRC006			82	86	4	0.12
BRC006			118	120	2	0.44
BRC007	Bom 10	121	4	8	4	0.22
BRC007			36	48	12	0.34
BRC007			57	68	11	0.49
BRC007
			84	100	16	0.32
BRC008		102
BRC008	Bom 9		24	28	4	0.12
BRC008			36	68	32	0.27
			76	92	16	0.19
BRC009		109
BRC009	Bom 57S		12	16	4	0.13
			36	48	12	0.12
BRC009			60	68	8	0.39
BRC009			84	109	25	0.35

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.	Derosa Project•Composite samples werecollected for assay.•The whole RC metre samples wasriffle split and then individual splitsamples were combined to formthe composite sample.•The majority of samples were 4mcomposites.Beadell Project•Rock chip samples taken byRumble Resources Ltd were ofoutcropping rock and collectedusing a geology hammer.•Approximately 2kg of sample wascollected in a pre-numbered calicosample bag.•Samples were crushed andpulverized to nominal 85%passing 75 micron size prior toassaying.
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.Beadell Project•Not Applicable
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.Beadell Project•Not Applicable
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 fullBeadell Project•Not Applicable
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-sampling	Derosa Project•Not Applicable•RC samples were riffle split.Samples were collected both wetand dry.•The sample preparation of RC

Criteria	JORC Code explanation	Commentary
	stages 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.	samples follows industry bestpractice. All samples arepulverized (need to get info fromlab)•RC samples are collected at 1mintervals using a riffle splitter andcomposited into 4m samplesusing a scoop. CertifiedReference Materials (CRM) and/orhouse controls, blanks, splits andreplicates are analysed with eachbatch of samples.•Field duplicates have been taken.Samples selected so there is totalpreparation at the pulverizationstage.Beadell Project•Not Applicable
Qualityofassaydataandlaboratorytests	•The nature, quality and appropriateness of the assaying andlaboratory procedures used and whether the technique isconsidered partial or total.•For geophysical tools, spectrometers, handheld XRFinstruments, 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 elementconcentrations at this report.•Sample preparation checks forfineness were carried out by thelaboratory as part of internalprocedures to ensure thatsamples were preparedappropriately.Beadell Project•Internal laboratory standards wereused to ensure analytical quality.
Verification ofsampling andassaying	•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.•Discuss any adjustment to assay data.	Derosa Project•Intersections of the RC drillinghave been visually verified by theExploration Manager andindependent technicalconsultants.•There have been no twinnedholes to date.•Primary data was collected byexcel templates using lookupcodes.•No Adjustments or Calibrationswere made to the assay datareported.Beadell Project•Not Applicable
Locationofdata points	•Accuracy and quality of surveys used to locate drill holes(collar and down-hole surveys), trenches, mine workings andother locations used in Mineral Resource estimation.•Specification of the grid system used.•Quality and adequacy of topographic control.	Derosa Project•Drillhole collars were located byGPS. Expected accuracy is +/- 5mfor northing and easting and 15mfor elevation coordinates.•The grid system is WGS84 zone30Beadell Project•Data points were located by GPS.

Criteria	JORC Code explanation	Commentary
		Elevation values were in AHD.Expected accuracy is +/- 5m fornorthing and easting and 15m forelevation coordinates.•The grid system is GDA94(MGA),zone 51The GPS is +/- 15m, and the landsurface is flat
Data spacinganddistribution	•Data spacing for reporting of Exploration Results.•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.•Whether sample compositing has been applied.	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.Beadell Project•Two rock chip samples weretaken by Rumble approximately10m apart.•Not Applicable.
Orientation ofdatainrelationtogeologicalstructure	•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.	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.Beadell Project•The data spacing at this stage isnot sufficient to establish bothgeological and grade continuity.
Samplesecurity	•The measures taken to ensure sample security.	Derosa Project•Chain of custody is managed bySEMS Technical Services Ltd.Samples are stored on site andare delivered by SEMS personnelto a Ouagadougou laboratory.Beadell Project•Not Applicable
Auditsorreviews	•The results of any audits or reviews of sampling techniquesand data.	Derosa Project•No audits or reviews have beenset up at this stage.Beadell Project•Not Applicable

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.	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 standingand no known impediments exist.Beadell Project•The IP survey is located whollywithin Exploration LicenceE45/2405 owned by 80% RumbleResources Ltd•The rock chip samples taken arewithin E45/4186 owned 90% byRumble Resources Ltd.•Tenement E45/2405 is in goodstanding and no knownimpediments to explorationexist.E45/4186 is at theapplication stage.
Explorationdone by otherparties	•Acknowledgment and appraisal of exploration by other parties.	Derosa Project•No previous exploration has beencompleted by other parties.Beadell Project•Cauldron Energy completed anAirborne EM survey and followedthis up with 6 RC drill holes in2010.The CRA Exploration Pty Ltd soilsampling and rock chip samplingreferenced was undertaken in1994.
Geology	•Deposit type, geological setting and style of mineralisation.	Derosa Project•Gold mineralisation appears to beassociated with quartz veiningand pyrite alteration of a granitebody.Beadell Project•The Company is exploring forbase metals and goldmineralisation
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.Beadell Project•Not Applicable
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 0.1g/t Aulower cut off is reported as beingsignificant in the context of thegeological setting.•The maximum internal dilution(grade <0.1g/t Au) was 4m.•No use of metal equivalents hasbeen used in this report.Beadell Project•Not Applicable
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.Beadell Project•Not Applicable
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.	Derosa Project•Refer to figures in the body oftext.Beadell Project•Not Applicable
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.	Derosa Project•All significant results are reported,with a 0.1g/t Au lower cut-off.Beadell Project•Not Applicable
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.	•Not Applicable
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.	Derosa Project•At this stage, mineralisation isonly indicative and requiresfurther exploration and infill drillingto establish the true size andnature of the mineralisation.Beadell Project•At this stage, the IP results areindicative in nature and requirefurther exploration to establish thetrue size and nature of themineralisation, if any.Refer to diagrams in body ofreport.

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 December 2013

Consolidated statement of cash flows

		Current quarter	Year to date
	Cash flows related to operating activities	$A'000	(6 months)
			$A'000
1.1	Receipts from product sales and related	-	-
	debtors
1.2	Payments for(a) exploration & evaluation	(237)	(450)
	(b) development	-	-
	(c) production	-	-
	(d) administration	(337)	(456)
1.3	Dividends received	-
1.4	Interest and other items of a similar nature
	received	2	3
1.5	Interest and other costs of finance paid	-	-
1.6	Income taxes paid	-	-
1.7	Other – grant income	-	30
	Net Operating Cash Flows	(572)	(873)
	Cash flows related to investing activities
1.8	Payment for purchases of:
	(a) prospects	(56)	(56)
	(b) equity investments	-	-
	(c) other fixed assets	-	-
1.9	Proceeds from sale of:
	(a) prospects	-	-
	(b) equity investments	10	18
	(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	(46)	(38)
1.13	Total operating and investing cash flows
	(carried forward)	(618)	(911)

• See chapter 19 for defined terms.

1.13	Total operating and investing cash flows
	(brought forward)	(618)	(911)
	Cash flows related to financing activities
1.14	Proceeds from issues of shares, options, etc.	50	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	(11)	(68)
	Net financing cash flows	39	816
	Net increase (decrease) in cash held	(579)	(95)
1.20	Cash at beginning of quarter/year to date	743	259
1.21	Exchange rate adjustments to item 1.20	-	-
1.22	Cash at end of quarter	164	164

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	77
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	111	690
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)	164	743

Changes in interests in mining tenements and petroleum tenements

		Tenement	Nature of interest	Interest at	Interest at
		reference	(note (2))	beginning	end of
		and		of quarter	quarter
		location
6.1	Interests in miningtenements andpetroleum tenementsrelinquished, reducedor lapsed
6.2	Interests in miningtenements andpetroleum tenementsacquired or increased	E28/2268		-	100%

+ 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	77,002,980	77,002,980
	securities
7.4	Changes during
	quarter(a) Increases
	through issues	2,795,668	2,795,668
	(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	20,327,852	20,327,852	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	894,176	894,176	8 cents	30 June 2015
	quarter	1,707,316	-	4.1 cents	17 December 2016
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: 31 January 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.