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RUMBLE RESOURCES LIMITED Interim / Quarterly Report 2015

Apr 29, 2015

65736_rns_2015-04-29_8a35b286-635a-48a4-9639-9ac8642b69a8.pdf

Interim / Quarterly Report

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March 2015 Quarterly Activities Report

Highlights

Zanthus Project, Fraser Range

  • Rumble has approvals in place to complete a high impact drilling program in late May 2015
  • Rumble will drill 5 shallow bedrock conductors across the Zanthus eye feature 20km's east of the Nova-Bollinger nickel copper massive sulphide discoveries
  • High powered ground EM survey completed on ZC5 target defines a large bedrock conductor which extends into the Zanthus eye feature
  • Major tenement wide gravity survey planned for Zanthus Project
  • High powered ground EM survey scheduled to explore significant structural corridor to identify further bedrock conductors

Big Red Project, Fraser Range

  • Maiden drilling program completed at Big Red with 4 Mud Rotary/Diamond drill holes totalling 1503.9m completed
  • Nickel (pentlandite) and Copper (chalcopyrite) sulphides confirmed in Fraser Range Gabbro
  • Petrology confirms mineralogy for potential feeder structures.
  • Multiple Downhole EM Off Hole conductors identified, up to 8000 Siemens, are now first order massive sulphide targets
  • Confirmation of a mineralised system within Fraser Range Gabbro makes the significant off hole conductors high grade targets as they may represent massive sulphide accumulations

Corporate

  • Rumble successfully completed a placement to raise a total of $1.68mil with Asian small mid-cap investors, family office funds and key global investors participating
  • Rumble appoints Nathan Tinkler as Australasian corporate advisor
  • Rumble appoints EAS Advisors LLC ("EAS") as North American Corporate Advisor

Rumble Resources Ltd ("Rumble" or "the Company") is pleased to provide an update of the Company's activities. Rumble's activities were focussed on its Maiden drill program at its Big Red Project and scheduling the next maiden drill program at its Zanthus Project, offering considerable leverage to Rumble shareholders. (Corporate Update)

Rumble Resources Ltd

Suite 9, 36 Ord Street, West Perth, WA 6005

T +61 8 6555 3980

F +61 8 6555 3981

rumbleresources.com.au

ASX RTR

Executives & Management

Mr Shane Sikora CEO

Mr Terry Topping Executive Director

Mr Andrew McBain Non-executive Director

Mr Matthew Banks Non-executive Director

Mr Michael Smith Non-executive Director

Mr Bruno Seneque Company Secretary

Primary Exploration Activities – Fraser Range

Zanthus Project, Fraser Range

The Zanthus Project is located 20km's east of the Nova-Bollinger nickel copper massive sulphide discoveries in the Fraser Range, Western Australia. Rumble is earning up to 75% from Blackham Resources Ltd (ASX:BLK).

MLTEM Program – ZC5 Bedrock Conductor

A high powered ground EM survey was completed to better define a deep conductive body in ZC5 target located within the eye feature – see figure 2.

A fixed loop survey was completed with a significant large bedrock conductor identified that is steeply dipping near surface and is moderately conductive. The conductor extends into the Zanthus eye feature representing one of the most compelling targets in the Fraser Range due to its location. The identification of this conductor is a significant development for the upcoming Zanthus drill program as Nova Bollinger was discovered when drilling a bedrock conductor within an eye feature.

High Impact Drill Program

The native title heritage survey was been completed and POW lodged for Rumbles high impact drill program targeting 5 bedrock conductors at the Zanthus project on schedule for late May 2015. The program will consist of an initial 5 RC holes for 1200 metres targeting 5 bedrock conductors which may represent magmatic massive Nickel Sulphides**.** The heritage survey was extended so that additional drilling can continue should the initial holes be successful. They bedrock conductors are located in and around an "eye" intrusive feature interpreted as an elliptical magnetic rimmed intrusive body some 2km in length and up to 1km wide and of similar size to the Nova "eye" feature.

Figure 2. Zanthus Eye Conductors Figure 3. Zanthus Eye Conductors

"Eye" shaped magnetic features are indicators commonly associated with mafic intrusive complexes that host Ni-Cu-PGE ore bodies and are therefore priority targets when looking for ore bodies that can contain zones of massive sulphides. The world class Nova massive Sulphide Nickel Copper Discovery was found through drilling a bedrock conductor within an "eye" intrusive.

Major Gravity Survey planned

Rumble is planning a tenement wide gravity survey on E69/2506 the Zanthus Project. The survey is designed to highlight dense intrusive bodies over the key targets areas whilst also collecting regional data across the project area which may represent other areas of interest. This data will be integrated with the existing detailed airborne magnetic data set to help generate and better define quality targets for follow-up High Powered Ground EM surveys.

The airborne magnetic data identifies key structures and feature whilst the gravity data helps identify dense

intrusive bodies. High powered ground EM surveys can then be focused on priority coincident gravitymagnetic features looking to find bedrock conductors which are high priority drilling targets as they represent massive sulphide accumulations

The program will consist of 500m x 500m station spacing. This information will be used in conjunction with the airborne magnetic data to target the presence of mafic-ultramafic intrusions within the target area. The gravity survey is expected to be completed in the coming weeks.

Figure 4 – E69/2506 Gravity Survey being completed tenement wide**.**

Structural Corridor – High Powered Ground EM program

The planned MLTEM program will build on the completed Airborne Magnetics which were the first stages of a systematic program. The Zanthus project hosts a significant structural corridor with numerous large intrusive features and significant magnetic features that have several ovoid shaped magnetic targets that are similar to that hosting the Nova deposit. This zone is a significant structural break in the regional geology and covers a large area some 14km by 5km.

Figure 5: Image showing the Structural Corridor with intrusive targets

The initial program will cover the structural break and will consist of approximately 500 stations taken along 20 lines. The survey is expected to take between 4 -5 weeks to complete including geophysical interpretation and target generation.

Rumble will also evaluate the gravity program data once it has been completed for any coincident gravitymagnetic features that can be targeted for further ground EM.

Big Red, Fraser Range

The Big Red Project is located 450 kilometres east of Kalgoorlie in the Fraser Range Western Australia.

A maiden drill program was completed in the December quarter consisting of 4 Mud Rotary/Diamond drill holes totalling 1,503.9m with the programme designed to test a 2km EM conductor outlined by a high powered ground EM survey

The first hole reached 240m but was abandoned through difficult drilling conditions. All three subsequent holes reached target depth. Rumble received all assays from its maiden drill program with the assays confirming all three holes intersected large disseminated mineralised sulphide zones within gabbros of the Fraser Range Complex. These sulphide zones are of considerable widths and indicate this large conductor to be a significant mineralised system. Intersecting Fraser Range gabbro is of significance as it is the rock unit which can host magmatic Ni-Cu sulphide deposits.

The Big Red gabbro shows evidence of hybridisation. The GSWA has identified two main types of hybrid gabbros in the Fraser Range. These are formed where the main gabbros have incorporated felsic material through

assimilation or magma mixing. They are formed through two distinct processes and are located throughout the Fraser Range. The Big Red gabbro forms part of Hybrid Group 1 which is enriched in Thorium and has high Th/La ratios. These gabbro units are thought to have been formed from the incorporation of surrounding felsic material into the main gabbro melt during ascent or emplacement.

Detailed petrographic analysis of samples collected from the recent diamond drill program has confirmed the presence of magmatic sulphides. Nickel (pentlandite) and Copper (chalcopyrite) sulphides in association with pyrrhotite and magnetite are present within Fraser Range gabbro.

Figure 6 Nickel (pentlandite) and Copper (chalcopyrite) Sulphides in Pyrrhotite at Big Red

Recent petrology has outlined the main rock units to be high grade metamorphic products of basic igneous rocks and also metasediments. The metasediments are biotite plagioclase quartzite and also apatite magnetite gneiss which both show evidence of significant rare earth hydrothermal activity that may be related to their proximity to the adjacent gabbro units.

The gabbro is predominantly a pyroxene, plagioclase, garnet hornblende, granulite with symplectite structures (figure 3) which are usually found in slowly cooled gabbros. The sulphides in BRDD004 at 185.2m are dominantly pyrrhotite up to 0.5mm in contact with similar dimension magnetite. The pyrrhotite contains inclusions of chalcopyrite and very fine pentlandite, there is also coarser magnetite that is replete with fine inclusions of chalcopyrite and pyrrhotite.

Figure 7 Chalcopyrite and pyrrhotite in Big Red gabbro Figure 8 Symplectitic textures is Big Red gabbro

Following the drilling Rumble completed a Downhole EM Program which identified 2 very high conductance off hole conductors of 6000 to 8000 siemens which can be typical of massive sulphide accumulations. It is noted that the petrology has not indicated any conductive units within the lower portion of hole BRDD003. Hole BRDD002, which is located 400m to the south, contains the mineralogy present in magmatic nickel copper feeder systems with sulphides of pyrrhotite, chalcopyrite pentlandite and also magnetite. This now makes these off hole conductors first order targets in the company's exploration of the Fraser Range.

Figure 9. Model of 2 conductors of high conductance surrounding hole BDD003.

East MGA_51 North MGA_51 Dip Azimuth TotalDepthmetres
BRDD001 689703 6648599 -60 270 241.3
BRDD002 689710 6648600 -60 270 432.1
BRDD003 689704 6648802 -70 270 422.8
BRDD004 689602 6648295 -70 270 409.1

Table 1 Drill collars – Big Red Project drilling

Thunderstorm Project, Fraser Range - RTR owns 100%

The company made a further four applications for ground in the Thunderstorm area of the Fraser Range. Three of these tenements are subject to Wardens Court proceedings where Rumble has objected to competing applications.

Fraser Range Regional RTR owns 100%

The Company made one application for ground some 60km northeast of Esperance in Western Australia.

Sidewinder Project, RTR owns 100%

The Company made two applications for ground some 80km southeast of Mount Magnet in Western Australia.

Beadell Project, Western Australia

No exploration was completed.

Canegrass Project Western Australia

No exploration was completed.

Burkina Faso Permits, West Africa

No Exploration Work Completed.

Corporate – Capital Raise

Rumble successfully completed a 4 times oversubscribed placement to primarily Asian based small cap funds and family offices. Rumble raised a total of $1.68 million by the issue of fully paid ordinary shares at $0.045 per share ("Placement") together with a 1 for 2 attaching listed option exercisable at $0.08 per share.

The proceeds from the placement have been used to fund exploration at our Fraser Range Projects in Western Australia.

Corporate – Strategic Corporate Advisors

Nathan Tinkler

The appointment of Mr Tinkler to this key strategic position is a key milestone for the Company as he brings with him a wealth of resource development experience, significant financing expertise and an extensive global network and large following from around the world.

Mr Tinkler is a highly regarded resource investor known for his entrepreneurial success in investing in coal assets in Queensland and NSW. He formed his own mine machinery maintenance business before identifying the Middlemount coal mine in central Queensland and being a significant contributor to the development of Whitehaven Coal through the merger with Aston Resources.

EAS Advisors

Headquartered in New York, EAS Advisors is a boutique global resources advisory firm that was founded by Edward Sugar in 2008. The foundation of EAS's business is built on knowledge, capital market insight and access to institutional capital. having participated in over US$3 billion of transactions to date.

EAS has an impressive track record of success in assisting natural resource companies at key stages and executing major global transactions. Mr Sugar and EAS have played a key role in many natural resources financing deals, wellknown for backing early funding deals for mining entrepreneurs.

Shane Sikora CEO

For further information visit rumbleresources.com.au or contact [email protected].

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 the quarter and their location.

Project Tenement Number Status Location BeneficialPercentageInterest
Beadell E45/2405 Granted Western Australia 80%
Beadell E45/4267 Granted Western Australia 80%
Beadell E45/4223 Granted Western Australia 80%
Beadell E45/4186 Granted Western Australia 90%
Beadell E45/4494 Application Western Australia 80%
Canegrass E29/783 Granted Western Australia 90%
Big Red E28/2268 Granted Western Australia 100%
Big Red E69/3190 Granted Western Australia 100%
Big Red E29/2536 Application Western Australia 100%
Big Red E29/2537 Application Western Australia 100%
Zanthus E69/2506 Granted Western Australia 20% Notee1
Zanthus E28/2464 Application Western Australia 100%
Zanthus E 28/2466 Application Western Australia 100%
Thunderstorm E28/2322 Granted Western Australia 100%
Thunderstorm E28/2472 Application Western Australia 100%
Thunderstorm E 28/2382 Application Western Australia 100%
Thunderstorm E28/2471 Application Western Australia 100%
Thunderstorm E28/2527 Application Western Australia 100%
Thunderstorm E28/2528 Application Western Australia 100%
Thunderstorm E28/2529 Application Western Australia 100%
Thunderstorm E28/2523 Application Western Australia 100%
Fraser Range E63/1731 Application Western Australia 100%
Sidewinder E58/484 Application Western Australia 100%
Sidewinder E59/2119 Application Western Australia 100%
Derosa Bompela Granted Burkina Faso 85% Note 2
Derosa Sapala Granted Burkina Faso 85% Note 2
Burkina Faso Nanemi Granted Burkina Faso 100%
Burkina Faso Villibongo Granted Burkina Faso 100%
Burkina Faso Pogoro Granted Burkina Faso 100%
Burkina Faso Yalore Granted Burkina Faso 100%

2. Mining tenements acquired during the quarter and their location:
Project TenementNumber Status Location BeneficialPercentageInterest
Big Red E29/2536 Application Western Australia 100%
Big Red E29/2537 Application Western Australia 100%
Thunderstorm E28/2527 Application Western Australia 100%
Thunderstorm E28/2528 Application Western Australia 100%
Thunderstorm E28/2529 Application Western Australia 100%
Thunderstorm E28/2523 Application Western Australia 100%
Fraser Range E63/1731 Application Western Australia 100%
Sidewinder E58/484 Application Western Australia 100%
Sidewinder E59/2119 Application Western Australia 100%

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

Project TenementNumber Status Location Comment
Paulsens South E08/1457 Granted Western Australia Withdrawn from JV
Paulsens South E08/2257 Granted Western Australia Relinquished
Big Red E29/2499 Application Western Australia Relinquished
Big Red E29/2500 Application Western Australia Relinquished

1. 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.

2. Derosa Project, Burkina Faso

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

Section 1 Sampling Techniques and Data

Criteria JORC Code explanation Commentary
Samplingtechniques Nature and quality of sampling (eg cut channels,random chips, or specific specialised industrystandard measurement tools appropriate to theminerals under investigation, such as down holegamma sondes, or handheld XRF instruments, etc).These examples should not be taken as limiting thebroad meaning of sampling.Include reference to measures taken to ensuresample representivity and the appropriate calibrationof any measurement tools or systems used.Aspects of the determination of mineralisation thatare Material to the Public Report.In cases where 'industry standard' work has beendone this would be relatively simple (eg 'reversecirculation drilling was used to obtain 1 m samplesfrom which 3 kg was pulverised to produce a 30 gcharge for fire assay'). In other cases moreexplanation may be required, such as where there iscoarse gold that has inherent sampling problems.Unusual commodities or mineralisation types (egsubmarine nodules) may warrant disclosure ofdetailed information. Moving Loop TEM (MLTEM)Transmitter: Outer Rim HPCurrent: 90-100AReceiver: SMARTem24Base Frequency: 0.5HzSensor: Fluxgate B-fieldComponents: Bz, Bx, ByMud Rotary (MR) drilling of Pre-collarsto depths between 138.8m to 173.5mHQ and NQ2 Diamond drilling to theBottom of Hole for four holes. Corecollected ranges in length from 67.8m to284.0m.Sampling of the Diamond core has beencompleted on 1m intervals through themaingabbrounitsandevery5mthrough the other intervals. One quarterof the core was then sent for analysis
Drillingtechniques Drill type (eg core, reverse circulation, open-holehammer, rotary air blast, auger, Bangka, sonic, etc)and details (eg core diameter, triple or standardtube, depth of diamond tails, face-sampling bit orother type, whether core is oriented and if so, bywhat method, etc) Mud Rotary (MR) drilling of Pre-collarsto depths between 138.8m to 173.5mHQ and NQ2 Diamond drilling to theBottom of Hole for four holes. Corecollected ranges in length from 67.8m to284.0m.Diamonddrillingandpre-collarsundertaken by DDH1 Drilling, utilizing amultipurpose Sandvik 1200 drill rig andassociated equipment.Diamond Core is oriented using anelectronic reflex orientation tool at endof each run
Drill samplerecovery Method of recording and assessing core and chipsample recoveries and results assessed.Measures taken to maximise sample recovery andensure representative nature of the samples.Whether a relationship exists between samplerecovery and grade and whether sample bias mayhave occurred due to preferential loss/gain offine/coarse material. Diamonddrillingrecoveriesarerecorded by the drillers at the end ofeach drilling run and checked duringlogging by Rumbles field staff
Logging Whether core and chip samples have beengeologically and geotechnically logged to a level ofdetail to support appropriate Mineral Resourceestimation, mining studies and metallurgical studies.Whether logging is qualitative or quantitative innature. Core (or costean, channel, etc) photography.The total length and percentage of the relevantintersections logged. TheDiamondcorehasbeengeologically logged to a level of detail tobe appropriate for mineral resourceestimation.Loggingofdiamondcorerecordslithology,mineralogy,mineralization,weathering,colourandotherappropriate features.
Criteria JORC Code explanation Commentary
All logging is quantitative. All core traysphotographed.
All the diamond core (100%), totaling880.1m has been orientated andgeologically logged.
Subsamplingtechniquesand samplepreparation If core, whether cut or sawn and whether quarter,half or all core taken.If non-core, whether riffled, tube sampled, rotarysplit, etc and whether sampled wet or dry.For all sample types, the nature, quality andappropriateness of the sample preparationtechnique.Quality control procedures adopted for all subsampling stages to maximise representivity ofsamples.Measures taken to ensure that the sampling isrepresentative of the in situ material collected,including for instance results for fieldduplicate/second-half sampling.Whether sample sizes are appropriate to the grainsize of the material being sampled. The core was cut on 1m intervalsthroughzonesofgabbroand5mintervals through the rest of the hole. Aquarter core sample was then sent foranalysis.
Qualityofassay dataandlaboratorytests The nature, quality and appropriateness of theassaying and laboratory procedures used andwhether the technique is considered partial or total.For geophysical tools, spectrometers, handheld XRFinstruments, etc, the parameters used indetermining the analysis including instrument makeand model, reading times, calibrations factorsapplied and their derivation, etc.Nature of quality control procedures adopted (egstandards, blanks, duplicates, external laboratory A Cesium vapour magnetometer wasused with a 20Hz sampling rate. Thebase station was a Geometrics G856AXproton precession magnetometer. Theradiometric data was obtained using aRSI Spectrometer at a 2 Hz samplingrate.All samples were analysed using a 4acidICPmethodwithappropriate
checks) and whether acceptable levels of accuracy(ie lack of bias) and precision have beenestablished. quality control measures.
Verificationof samplingandassaying The verification of significant intersections by eitherindependent or alternative company personnel.The use of twinned holes.Documentation of primary data, data entryprocedures, data verification, data storage (physicaland electronic) protocols.Discuss any adjustment to assay data. All data is checked on a daily basis byfield staff and consultantsAny data points that are questionableare re-surveyed
Location ofdata points Accuracy and quality of surveys used to locate drillholes (collar and down-hole surveys), trenches,mine workings and other locations used in MineralResource estimation.Specification of the grid system used.Quality and adequacy of topographic control. Data points were located by a KRA405Baltimeter. Elevation values were in AHD.Expected accuracy is 3' or +/- 3%The grid system is GDA94(MGA), zone51Drill hole collars were located by GPS.Expected accuracy is +/- 5m for northingand easting.
Dataspacing anddistribution Data spacing for reporting of Exploration Results.Whether the data spacing and distribution issufficient to establish the degree of geological andgrade continuity appropriate for the MineralResource and Ore Reserve estimation procedure(s)and classifications applied.Whether sample compositing has been applied. Magnetics data was collected in 0.05second intervals and Radiometric dataat 0.5 second intervalsNot applicable as this data is not used inMineral Resource Estimation.No sample compositing has beenapplied.EM Data - Line Spacing - 300mStation Spacing - 100m
Criteria JORC Code explanation Commentary
Transmitter Loop Sizes: 200x200m(MLTEM)Individual hole collars are spaced 200-300m apart.1mand5msampleshavebeencollected to reflect the geology and styleof mineralisation.
There has been no compositing of thedata.
Orientationofdatainrelationtogeologicalstructure Whether the orientation of sampling achievesunbiased sampling of possible structures and theextent to which this is known, considering thedeposit type.If the relationship between the drilling orientationand the orientation of key mineralised structures isconsidered to have introduced a sampling bias, thisshould be assessed and reported if material. Traverses were undertaken to beperpendicular to the interpreted strikedirection and some parallel to theinterpreted strike direction.All core was oriented before samplingwas completed.Traverses were undertaken to beperpendicular to the interpreted strikedirection and some parallel to theinterpreted strike direction.All core was oriented before samplingwas completed.
Samplesecurity The measures taken to ensure sample security. All magnetics data data has beencollected by Thompson Aviation Pty Ltdwith data provided to the CompaniesconsultantsAll EM data has been collected byOuter-Rim Exploration Services withdata provided to the companiesconsultantsChain of custody is managed byRumble Resources. Drill core is storedon site. Core is palleted and steelstrapped, before being transported toKalgoorlie and then to a laboratory inPerth.
Auditsorreviews The results of any audits or reviews of samplingtechniques and data. No audits or reviews have been carriedout at this stage.

Section 2 Reporting of Exploration Results

Criteria JORC Code explanation Commentary
Mineraltenement andlandtenurestatus Type, reference name/number, location andownership including agreements or materialissues with third parties such as joint ventures,partnerships, overriding royalties, native titleinterests, historical sites, wilderness or nationalpark and environmental settings.The security of the tenure held at the time ofreporting along with any known impediments toobtaining a licence to operate in the area. The Aeromagnetic survey and EMsurvey are located wholly withinExploration Licence E69/2506 withRumble earning up to 75% fromBlackham Resources Ltd.Located on Vacant Crown Land.The drilling is located wholly withinExploration Licence E28/2268, which is100% owned by Rumble.The tenement is in good standing andno known impediments exist.
Explorationdone by otherparties Acknowledgment and appraisal of exploration byother parties. The only previous exploration includesgeophysical surveys by the GSWA andTeck Australia Pty.Ltd. Teck Australiacompleted two RC/Diamond holesduring 2010.
Geology Deposit type, geological setting and style ofmineralisation. Geological setting is the Albany FraserMobile Belt consisting of gneiss, maficrocks including gabbro with significantgarnet in the metamorphic rocks.The Company is exploring for magmatichosted base metal mineralization
DrillholeInformation A summary of all information material to theunderstanding of the exploration results includinga tabulation of the following information for allMaterial drill holes:oeasting and northing of the drill hole collaroelevation or RL (Reduced Level – elevationabove sea level in metres) of the drill holecollarodip and azimuth of the holeodown hole length and interception depthohole length.If the exclusion of this information is justified onthe basis that the information is not Material andthis exclusion does not detract from theunderstanding of the report, the CompetentPerson should clearly explain why this is the case. This information has been previouslyreleased to the ASX.
Dataaggregationmethods In reporting Exploration Results, weightingaveraging techniques, maximum and/or minimumgrade truncations (eg cutting of high grades) andcut-off grades are usually Material and should bestated.Where aggregate intercepts incorporate shortlengths of high grade results and longer lengths oflow grade results, the procedure used for suchaggregation should be stated and some typicalexamples of such aggregations should be shownin detail.The assumptions used for any reporting of metalequivalent values should be clearly stated. There was no weighting or averaging ofthe data.
Relationshipbetweenmineralisationwidthsandintercept These relationships are particularly important inthe reporting of Exploration Results.If the geometry of the mineralisation with respectto the drill hole angle is known, its nature shouldbe reported. All widths are at present thought to betrue widths.

Criteria JORC Code explanation Commentary
lengths If it is not known and only the down hole lengthsare reported, there should be a clear statement tothis effect (eg 'down hole length, true width notknown').
Diagrams Appropriate maps and sections (with scales) andtabulations of intercepts should be included forany significant discovery being reported Theseshould include, but not be limited to a plan view ofdrill hole collar locations and appropriate sectionalviews. The results at this stage are preliminaryand work is ongoing.
Balancedreporting Where comprehensive reporting of all ExplorationResults is not practicable, representative reportingof both low and high grades and/or widths shouldbe practiced to avoid misleading reporting ofExploration Results. The results presented are preliminaryand work is ongoing.
Othersubstantiveexplorationdata Other exploration data, if meaningful and material,should be reported including (but not limited to):geological observations; geophysical surveyresults; geochemical survey results; bulk samples– size and method of treatment; metallurgical testresults; bulk density, groundwater, geotechnicaland rock characteristics; potential deleterious orcontaminating substances. Previous ASX releases by Rumblehave detailed aspects of previous workundertaken at the project
Further work The nature and scale of planned further work (egtests for lateral extensions or depth extensions orlarge-scale step-out drilling).Diagrams clearly highlighting the areas of possibleextensions, including the main geologicalinterpretations and future drilling areas, providedthis information is not commercially sensitive. At this stage, the Magnetics and EMdata are indicative in nature and requirefurther exploration to establish the truesize and nature of the mineralisation, ifany.Refer to diagrams in body of report.Atthisstage,thegeologyandmineralizationintersectedisonlybroadly understood and requires furtherdown hole geophysical surveying andinterpretation,aswellasfurtherdiamond drilling.

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 2015

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(b) development(c) production(d) administration (335)--(234) (731)--(931)
1.3 Dividends received - -
1.4 Interest and other items of a similar naturereceived 4 12
1.5 Interest and other costs of finance paid - -
1.6 Income taxes paid - -
1.7 Other (provide details if material) - 3
- Receipts from government grant 122 122
Net Operating Cash Flows (443) (1,525)
1.81.91.101.111.12 Cash flows related to investing activitiesPayment for purchases of:(a) prospects(b) equity investments(c) other fixed assetsProceeds from sale of:(a) prospects(b) equity investments(c) other fixed assetsLoans to other entitiesLoans repaid by other entitiesOther (provide details if material) --(3)------ (25)(24)(8)------
1.13 Net investing cash flowsTotal operating and investing cash flows(carried forward) (3)(446) (57)(1,582)
  • See chapter 19 for defined terms.
1.13 Total operating and investing cash flows(brought forward) (446) (1,582)
Cash flows related to financing activities
1.14 Proceeds from issues of shares, options, etc. - 1,102
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 (Capital raising costs) (5) (73)
Net financing cash flows (5) 1,029
Net increase (decrease) in cash held (451) (553)
1.20 Cash at beginning of quarter/year to date 1,228 1,330
1.21 Exchange rate adjustments to item 1.20 - -
1.22 Cash at end of quarter 777 777

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 63
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

N/A

+ See chapter 19 for defined terms.

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

N/A

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

4.2 Development -
4.3 Production -
4.4 Administration 200
Total 600

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 722 1,173
5.2 Deposits at call 55 55
5.3 Bank overdraft - -
5.4 Other (provide details) - -
Total: cash at end of quarter (item 1.22) 777 1,228

+ See chapter 19 for defined terms.

Tenement Nature of interest Interest at Interest at
reference (note (2)) beginning end of
and of quarter quarter
location
6.1 Interests in mining
tenements and E28/2449 100% 100% -
petroleum tenements E28/2500 100% 100% -
relinquished, reduced E08/1457 0% 0% -
or lapsed E08/2257 100% 100% -
6.2 Interests in mining
tenements and E29/2536 100% - 100%
petroleum tenements E29/2537 100% - 100%
acquired or increased E28/2527 100% - 100%
E28/2528 100% - 100%
E28/2529 100% - 100%
E28/2523 100% - 100%
E63/1731 100% - 100%
E58/484 100% - 100%
E59/2119 100% - 100%

Changes in interests in mining tenements and petroleum tenements

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 150,151,143 150,151,143
securities
7.4 Changes during
quarter
(a) Increases - - - -
through issues
(b) Decreases
through returns
of capital, buy
backs

+ See chapter 19 for defined terms.

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 44,390,569 44,390,569 8 cents 30 June 2015
conversion 6,926,996 6,926,996 35 cents 31 October 2015
factor) 3,600,000 - 35 cents 31 October 2015
4,500,000 - 45 cents 31 October 2015
1,707,316 - 4.1 cents 13 December 2016
4,500,000 - 8 cents 29 July 2018
17,355,000 17,355,000 8 cents 30 June 2016
7.8 Issued during - - - -
quarter
7.9 Exercised - - - -
during quarter
7.10 Expired during - - - -
quarter
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 2015.. (Company secretary)

Print name: Bruno Seneque

+ See chapter 19 for defined terms.

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.