AI assistant
RUMBLE RESOURCES LIMITED — Investor Presentation 2018
Aug 5, 2018
65736_rns_2018-08-05_85859dec-62a0-496e-83a5-451df1b55dff.pdf
Investor Presentation
Open in viewerOpens in your device viewer
==> picture [719 x 305] intentionally omitted <==
Image – Maiden Braeside Project RC Drilling which identified a New High Grade Zinc Discovery in 2017
ASX:RTR Drilling for High Grade Discoveries Diggers n Dealers Presentation August 2018
Wh Invest in Rumble? y
==> picture [68 x 58] intentionally omitted <==
==> picture [672 x 9] intentionally omitted <==
==> picture [669 x 418] intentionally omitted <==
----- Start of picture text -----
Clear Discovery Fully Near Term
Strategy History Funded Catalysts
Clear strategy of Rumble is highly
Technical director
leveraged to
organic growth by:
Brett Keillor
The company is in exploration success
Generating a * Discovered 7 a very strong cash with multiple near
pipeline of quality
significant deposits position term catalysts to
high grade base
world wide that * have a significant
and precious metal Fully funded with
turned into mines re-rating
$3.8mil in bank to
projects
Twice recipient of fast track * 5 quality projects
Critically
the AMEC Award exploration scheduled for
reviewing against
“Prospector Of The * drilling in 2018 all
stringent criteria All projects
Year”, for the with the potential
acquired are low
Negotiate Plutonic and for high grade
cost exploration to
favorable Tropicana discoveries discoveries
test for discovery
acquisition terms *
Thirty years of * Funded for Lack of new high
Systematically identifying company grade discoveries
potential new
explore multiple making projects with globally
project acquisitions
projects targeting majors Resolute and
Base and precious
high grade world IGO
metal price highs
class discoveries
----- End of picture text -----*
Clear Discovery Strategy History
==> picture [720 x 30] intentionally omitted <==
----- Start of picture text -----
ASX: RTR | PAGE 2
----- End of picture text -----
Multiple Catalysts for High Grade Discoveries 2018
==> picture [68 x 58] intentionally omitted <==
==> picture [672 x 9] intentionally omitted <==
Braeside High Grade Zn-Pb-Cu-Ag -V Project – New High Grade Zinc Discovery – Flagship Project
-
34km strike of base metal mineralisation associated with two main structures from a porphyry source with high grade grab sampling assays returning up to 48.7% Zn, 79% Pb, 17.48% Cu, 1108 g/t Ag, 13 g/t Au and 3.29% V205
-
Rumble completed the first systematic modern exploration on the project which culminated in the first ever RC drilling on the project in late 2017 which identified a new high grade zinc discovery at Devon Cut 5m @ 8.0% Zn, 0.35% Pb from 32m
-
2 x Drill Programs planned in 2018 to commence in August
-
Rumble is targeting high-grade porphyry vein/breccia pipe related - VMS type deposits ( 2-5Mt of high-grade Zn and Pb ) and lower grade disseminated base metal deposits ( 30-50Mt ).
Barramine High Grade Cu-Pb-Zn-Ag Project
-
High grade prospects of up to 25.32% Cu, 279 g/t Ag, 6% Pb and 1.8% Zn not tested by modern exploration
-
Rumble to conduct maiden exploration in 2018
Munarra Gully High Grade Cu-Au Project
-
Historic exceptional intersection from surface of 40m @ 0.66% Cu , 4.85 g/t Au to EOH, with an intersection 8m @ 1.32% Cu , 22.75 g/t Au from 24m - open at depth
-
Rumble maiden drill program completed July 2018 – Awaiting Assays
Fraser Range Ni -Cu Projects
-
JV with major Independence Group NL (ASX: IGO)
-
Exploration Ongoing
==> picture [213 x 295] intentionally omitted <==
Earaheedy High Grade Zn Project
-
Historical drilling discovered high-grade zinc up to 18.6% within an intersection 3.3m @ 11.2% Zn, and 0.93% Pb from 150m.
-
Rumble completing targeting for maiden drill program in September 2018
-
The target size is similar to the Pillara (Blendevale) Zn – Pb deposit located in the Devonian limestones of the Lennard Shelf, which produced 10.3 Mt @ 6.9% Zn and 2.3% Pb
Nemesis – High Grade Au Project
-
Historic small scale gold mine produced from 1900-1910 7157oz of gold from 2276 ton of ore - 98 g/t Au
-
Rumble maiden drill program completed July 2018 – Awaiting Assays
==> picture [720 x 30] intentionally omitted <==
----- Start of picture text -----
ASX: RTR | PAGE 3
----- End of picture text -----
Corporate Overview
==> picture [68 x 58] intentionally omitted <==
==> picture [672 x 9] intentionally omitted <==
| Capital Structure Shares on Issue # 357m Options on Issue1 2&3 # 24.6M Cash4 A$ $3.8m Market Cap A$ $26m |
Capital Structure Shares on Issue # 357m Options on Issue1 2&3 # 24.6M Cash4 A$ $3.8m Market Cap A$ $26m |
|---|---|
| Shares on Issue | # |
| Options on Issue1 2&3 | # |
| Cash4 | A$ |
| Market Cap | A$ |
- 10.5mil 8c options (various expiry)
==> picture [354 x 155] intentionally omitted <==
-
4mil 3c Options (8 September 2020)
-
11.1mil 15c Options (29 November 2019)
-
As reported in June 2018 Quarterly
| Ownership Analysis | Ownership Analysis | Ownership Analysis |
|---|---|---|
| Board and Management | 9.5% | |
| Top 20 | 38% |
| Board & Management | Board & Management |
|---|---|
| Shane Sikora | Managing Director |
| Brett Keillor | Technical Director |
| Matthew Banks | Non-Executive Director |
| Michael Smith | Non-Executive Director |
==> picture [720 x 30] intentionally omitted <==
----- Start of picture text -----
ASX: RTR | PAGE 4
----- End of picture text -----
==> picture [68 x 58] intentionally omitted <==
Braeside High Grade Zn–Pb–Cu–Ag-Au–V - Flagship Project
==> picture [398 x 298] intentionally omitted <==
==> picture [233 x 309] intentionally omitted <==
----- Start of picture text -----
Image: Valentine Tank (WW2)
used to power the Ragged Hills
Mine
----- End of picture text -----
Image: Braeside Project Location, Regional Geology and Tenement Status
-
Braeside Project area is over 1000 km²
-
Hosts many historic high grade base metal small-scale mines that produced lead, zinc and silver 1901 to 1959
-
34km of mineralised strike with high grade grab sampling assays returning up to 48.7% Zn, 79% Pb, 17.48% Cu, 1108 g/t Ag, 13 g/t Au and 3.29% V205
-
Project geology is dominated by mafic to intermediate volcanics and felsic volcanics of the late Archaean Fortescue Group.
-
Prior to Rumble acquisition Braeside had no modern exploration
-
Region hosts multiple world class ore bodies
-
Felsic volcanics are same age as the lead mineralisation at the Ragged Hills Mine
-
Excellent all purpose roads to Port Hedland Port
==> picture [720 x 30] intentionally omitted <==
----- Start of picture text -----
ASX: RTR | PAGE 5
----- End of picture text -----
Braeside E45-2032 First Order Targets
==> picture [68 x 58] intentionally omitted <==
==> picture [672 x 9] intentionally omitted <==
==> picture [251 x 419] intentionally omitted <==
During 2017, Rumble completed the first ever modern systematic exploration on the Braeside project which included soil sampling (regional and infill), Heli - VTEM and prospect geological mapping with grab sampling which lead to the the first ever RC drilling on the project which identified a new high grade zinc discovery at Devon Cut 5m @ 8.0% Zn, 0.35% Pb from 32m
2018 Exploration
Following the discovery of the Devon Cut high-grade Zn mineralisation, Rumble has been aggressively exploring systematically using surface geochemistry to delineate high order targets ready for the RC drilling programme.
pXRF Soil Sampling
- Fifteen (15) high-grade Zn and/or Pb anomalous zones with twenty-three (23) first order targets , were delineated by detailed pXRF soil sampling ( 2565 sample locations ) of the main Zn and/or Pb soil anomalies that were generated during the 2017 field season within E45/2032.
Grab Sampling Programme
-
Grab sampling ( 201 grab samples ) was completed focused on the mineralised soil sampling zones with assays returning very high-grade zinc, lead, copper, silver, barium and indium assays .
-
The grab sampling only tested six (6) of these new targets and in addition, tested historic workings at the Lightning Ridge Prospect and defined an area of extensive Ba-K-Pb alteration at a new discovery known as Barium Ridge.
Drilling 2018
-
The pXRF soils, grab sampling and XRD analysis is aiding in prioritising first order RC drilling targets.
-
2 x Drill Programs planned in 2018 first on track for early August.
Image: E45-2032 Braeside Project – Location of Braeside Prospects/Targets Current Targets in Yellow
==> picture [720 x 30] intentionally omitted <==
----- Start of picture text -----
ASX: RTR | PAGE 6
----- End of picture text -----
Braeside Exploration Model
==> picture [68 x 58] intentionally omitted <==
==> picture [672 x 9] intentionally omitted <==
-
The latest sampling and multi-element analysis of RC drilling and surface geochemistry has reinforced the geological/exploration model developed by Rumble that the Braeside base metal mineralisation is associated with wide pervasively altered fracture/fault zones which are feeder faults associated with distal porphyritic rhyolite .
-
Rumble is targeting porphyry related base metal (zn rich) breccia pipe deposits and in higher levels (closer to the surface/sea floor), targeting VMS style replacement deposits. .
-
A new large barium-potassium-lead alteration system has been discovered 5km north northwest along strike from the Devon Cut Prospect. Barium potassic feldspar (hyalophane) occurs over a strike of 1.8km and up to 70m in width .
-
Known porphyry related and VMS deposits worldwide, often have barite capping massive base metal sulphides. In older moderately metamorphosed systems, barium rich potassic feldspar is often zonal to potential mineralisation.
==> picture [268 x 200] intentionally omitted <==
Image: Typical of 34km’s Mineralised Structure at Braeside
- The target size for the high-grade fault breccia pipe type deposits are 2-5Mt of high-grade Zn and Pb . In addition to this target type, recent sampling has shown that base metal mineralisation is closely associated with wide zones of alteration, in the case of Barker Well Prospect, over 100m in width . Rumble considers there is potential for larger tonnage lower grade disseminated base metal deposits ( 30-50Mt ).
Rumble’s Technical Director, Mr Brett Keillor, said
“The exploration potential for Braeside has been significantly enhanced with the recognition of large scale high level barium potassic feldspar alteration with elevated base metals .
Understanding regional zonation of metals is paramount in developing exploration vectors which will help Rumble find potential economic base metal deposits.
The discovery of barium rich potassic feldspar with strongly anomalous Pb, disseminated Zn in sediments and potential multiple high-grade sulphide (Zn rich) breccia pipes within major altered feeder structures, all support the porphyry vein/breccia pipe related - VMS model continuum that may ultimately lead to a camp scale base metal province .”
==> picture [257 x 191] intentionally omitted <==
Image: Rumble Conceptual Model
==> picture [720 x 30] intentionally omitted <==
----- Start of picture text -----
ASX: RTR | PAGE 7
----- End of picture text -----
Barium Ridge Target
==> picture [68 x 58] intentionally omitted <==
==> picture [672 x 9] intentionally omitted <==
==> picture [455 x 319] intentionally omitted <==
Image: Barium Ridge Location Plan – Local Geology, Grab and XRD Sampling Results
-
Known porphyry related and VMS deposits worldwide, often have barite capping massive base metal sulphides. In older moderately metamorphosed systems, barium rich potassic feldspar is often zonal to potential mineralisation.
-
A barium – potassium – lead anomalism associated with a large alteration system has been discovered approximately 5km north northwest along strike from the Devon Cut Prospect.
-
The zone has a strike over 1.8km and is completely open . Alteration is up to 70m in width .
-
XRD analysis has confirmed barium, potassium, lead and elevated rubidium are associated with feldspar. The feldspar belongs to the celsian – hyalophane group of relatively rare alkalic feldspars .
-
Multi-element analysis of the grab samples confirmed all 30 rock chips returned >1% BaO , with 9 samples returning >5% BaO. The peak value is 8.16% BaO .
-
Potassium was high (average 5.8%) with a peak value of 9.51% K.
-
The average Pb content of all 30 samples is 2000ppm, with the peak value of 1.44% Pb.
-
Rb was elevated with a peak value of 402ppm. Both the Pb and Rb report to the feldspar (hyalophane).
-
Deep RC drilling is planned to test the large barium potassic feldspar (hyalophane) alteration system.
==> picture [720 x 30] intentionally omitted <==
----- Start of picture text -----
ASX: RTR | PAGE 8
----- End of picture text -----
Devon Cut High Grade Zinc Discovery
==> picture [68 x 58] intentionally omitted <==
==> picture [672 x 9] intentionally omitted <==
High Grade Zinc Discovery
==> picture [319 x 382] intentionally omitted <==
-
5m @ 8.0% Zn, 0.35% Pb from 32m inc 1m @ 21% Zn, 0.97% Pb from 34m.
-
The high-grade intercept was within a broad zone of zinc anomalism: 30m @ 1.5% Zn from 28m
-
Strong silica-sericite-chlorite-hematite alteration was intercepted from 17m to end of hole (88m).
-
Multi-element analysis of the high-grade intercept returned up to 21.3 ppm Hg (mercury) and 16 ppm In (indium) indicative of high level porphyry related base metal systems .
-
Only tested by a single RC drill hole within a 2km zinc soil anomaly at the Devon Cut which is completely open along strike and down dip
Vanadium Potential
-
Grab sampling at the Devon Cut Prospect returned high grade vanadium: V2O5 – 3.29%, 1.82% and 1.52%
-
Discovery hole intercepted weak vanadium anomalism from 53m (0.095% V2O5) however geological investigation has highlighted a mafic intrusion immediately west of the Devon Cut thought to be the host of the vanadium with the hole not intercepting the mafic intrusion.
-
Anomalous vanadium in soil geochemistry elsewhere within E45/2032 has been observed with up to 560ppm V2O5 over or nearby the inferred position of the mafic dyke
-
With rock chip samples reporting high grade vanadium, the mafic intrusion is considered significant and further work is planned for this year.
==> picture [720 x 30] intentionally omitted <==
----- Start of picture text -----
ASX: RTR | PAGE 9
----- End of picture text -----
Devon Cut – 5 New Breccia Pipe targets
==> picture [68 x 58] intentionally omitted <==
==> picture [672 x 9] intentionally omitted <==
==> picture [456 x 370] intentionally omitted <==
==> picture [374 x 11] intentionally omitted <==
----- Start of picture text -----
Image: Devon Cut Prospect – pXRF Zn in Soil Geochemistry and Breccia Pipe Targets
----- End of picture text -----
Example of pipe-like base metal deposits: The Elura Zn - Pb – Ag mine (Cobar, NSW) comprised of 6 pipes ranging from 120m to 30m in diameter – pre mining resource of 50.7 Mt @ 8.8% Zn, 5.6% Pb, 107 g/t Ag and 0.2% Cu
Five (5) new high-grade Zn breccia pipes have been inferred at Devon Cut based on the single RC drill-hole completed in Nov 2017 by Rumble ( BRRC019 – 5m @ 8.0% Zn, 0.35% Pb from 32m within a broader zone of 30m @ 1.5% Zn from 28m ). Grab Assays:
-
Very High Grade Zn up to 48.7%
-
oVery High Grade Pb up to 58.53%oHigh Grade Cu up to 10.5%oHigh Grade V205 up to 3.29%
Geological observations defined multiple Zn gossans and characteristic oxidation textures/features indicative of Zn breccia pipes at surface with the workings and along strike.
Based on the pXRF soil sampling and the latest very high-grade grab samples, the five new potential Zn breccia pipes along strike from the discovery have larger “signatures” and likely represent significant Zn mineralisation .
Rumble plans to test each potential new Zn breccia pipe with RC drilling .
RC drilling is also planned to test the depth extension below the discovery hole (BRRC019) and immediately along strike to scope the size potential of the inferred breccia pipe.
==> picture [720 x 30] intentionally omitted <==
----- Start of picture text -----
ASX: RTR | PAGE 10
----- End of picture text -----
Devon Cut – Breccia Pipe Features
==> picture [68 x 58] intentionally omitted <==
==> picture [672 x 9] intentionally omitted <==
Oxidised breccia pipe characteristics have been observed within the Devon Cut target areas:
-
Strong desilification zones peripheral (broad selvages) to the potential breccia sulphide pipes are represented by manganiferous vuggy/open textured siliceous matrix rocks with Zn and Pb secondary minerals ( image bottom left ).
-
Oxidised mineralised breccia zones ( image bottom right ) potentially represent hydrothermal sulphide (Zn) breccia pipes.
==> picture [315 x 267] intentionally omitted <==
Image: Devon Cut Prospect – Oxidised Mineralisation Textures
- Strong desilification textures of host rocks after acid leach from sulphating in the selvage to high grade Zn and Pb mineralisation includes open vuggy manganiferous coated siliceous zones with Zn and Pb carbonates.
==> picture [338 x 270] intentionally omitted <==
Image: Devon Cut Prospect – Oxidised Mineralised Breccia Zone
- Siliceous manganiferous Zn and Pb carbonates in hydrothermal breccia zone
==> picture [720 x 30] intentionally omitted <==
----- Start of picture text -----
ASX: RTR | PAGE 11
----- End of picture text -----
Lightning Ridge, Gossan East and Boom Boom Mancini
==> picture [68 x 58] intentionally omitted <==
==> picture [672 x 9] intentionally omitted <==
==> picture [427 x 295] intentionally omitted <==
Gossan East– Boom Boom Mancini Zone
-
5.4 km of mineralisation strike .
-
Grab sampling of high-order base metal soil targets (pXRF) confirmed high-grade in-situ Zn and Pb mineralisation:
-
High Grade Pb up to 34.96%
-
oHigh Grade Cu up to 5.34%oAg up to 27.4 g/t .oZn up to 5.06% -
Recent reconnaissance geological mapping and sampling subsequent to the current grab sampling results has identified significant Zn gossan outcrops along the Boom Boom Mancini trend.
Image: Lightning Ridge, Gossan East – Boom Boom Mancini Grab Sampling Results
Lightning Ridge Prospect
-
The Lightning Ridge Prospect comprises of a series of shallow historic pits trending northwest over a strike of 250m .
-
Further grab sampling (results pending) focused on recently discovered Zn carbonate gossans.
-
Very high-grade Pb up to 38.6% Pb.
-
Very high grade Ag up to 1108 g/t Ag.
-
Indium was also very high with a peak value of 515 ppm In.
-
The style is inferred to be a distal high-level base metal epizonal/epithermal vein (based on the high silver and indium).
-
The style of target is considered to be similar to the Devon Cut Prospect .
-
Three RC drill sections have been planned to test the 250m strike zone .
==> picture [720 x 30] intentionally omitted <==
----- Start of picture text -----
ASX: RTR | PAGE 12
----- End of picture text -----
Mt Brockman 2 Targets
==> picture [68 x 58] intentionally omitted <==
==> picture [672 x 9] intentionally omitted <==
Mt Brockman 2 (800m strike)
-
Predominately high-grade Pb occurs over a strike of 800m with grades:
-
High Grade Pb up to 43.43%
-
High Grade Cu up to 20.38%
-
High Grade Ag up to to 102 g/t .
-
Zn up to 3.59%
Rumble is focusing the drilling on the wider alteration zones
Image: Location of The Mt Brockman 2 Area – Grab Sampling and XRD Results
Image: Location of The Mt Brockman 2 Area – Grab Sampling and XRD Results
Mt Brockman 2 South Prospect (100m strike)
A potential new high grade Zn breccia pipe has been discovered over a strike of 100m at the southern end of the Mt Brockman 2 trend.
Mt Brockman 2 Central Zn Prospect (400m strike)
-
Discovering disseminated Zn mineralisation in gently dipping volcaniclastics adjacent to north-south faults has highlighted the potential for porphyry related/VMS associated syngenetic to diagenetic sedimentary hosted base metal deposits .
-
XRD (X Ray Diffraction) analysis has indicated disseminated zinc mineralisation is associated with zinc smectites ( sauconite ).
-
RC drilling is planned to test the Zn rich disseminated volcaniclastics in the primary zone.
-
Very strong silica – sericite alteration ( 15m wide ) returned:
-
High Grade Zn up to 31.24%
-
High Grade Pb up to 11.83%
-
High Grade Cu up to 6.34%
-
-
A single RC drill hole is planned with a deeper contingent hole if appropriate .
-
Subject to the mineralogy, if sauconite persists at depth, there is potential for non-sulphide supergene to hypogene Zn mineralisation styles.
==> picture [720 x 30] intentionally omitted <==
----- Start of picture text -----
ASX: RTR | PAGE 13
----- End of picture text -----
First Order Targets- See Image Page 6
==> picture [68 x 58] intentionally omitted <==
==> picture [672 x 9] intentionally omitted <==
Iron Mike (1 Target)
-
Highly anomalous Pb in soils to 6007 ppm (Pb) trends northwest over a strike of 500m . Strong silica-sericite alteration with widths to 10 m also
-
has elevated Zn in soils to 641 ppm (Zn).
Barkers Well (2 Targets)
-
Widespread alteration with elevated Zn and Pb from a single RC drill hole has been followed up by a 50m by 50m XRF soil sampling grid. BRRC036
-
(Nov 2017) returned 124m (entire hole) @ 0.19% Pb, 900 ppm Zn in association with silica – sericite – chlorite alteration. Zn to 2319 ppm and Pb to 7516 ppm has highlighted at least two new targets including a north trending structure with known small-scale workings (500m in strike and completely open).
Bakers Dozen (1 Target)
-
Zn anomalism is associated with a flat lying siltstone overlying dolomite without any obvious altered structure. Zn in soils to 2942 ppm highlights
-
a north trending lithological unit over a strike of 400m (completely open) and over 100m in width . Visual inspection of the siltstone identified disseminated sphalerite.
Gossan Hill (1 Target)
-
Very high grade Pb in soils to 2.82% with associated Cu to 2292 ppm occurs along a Pb dominant mineralised section of the Gossan Hill structure.
-
The section, 1.8 km in strike, is a topographical high in the area and is altered (silica – sericite) over 50m in width with high order Pb and Cu
Puggers Hill (1 Target)
-
Strong Pb in soil anomalism is associated with a northwest trending alteration (sericite – silica) zone. Pb in soil returned up to 1128 ppm and Zn to
-
837 ppm over a strike of 250m.
Sugar Ramos (1 Target)
-
Strong potassic – barite – silica – sericite associated with visible multiple galena veins occurs over a strike of 350m. Pb in soil returned up to
-
3048 ppm.
Moxams North (1 Target)
- Very high-grade Pb in soils are associated with a northwest trending wide alteration (sericite – silica) over a strike of 200m. Pb returned up to 4222 ppm.
==> picture [720 x 30] intentionally omitted <==
----- Start of picture text -----
ASX: RTR | PAGE 14
----- End of picture text -----
Regional Soil Sampling - E45-4873
==> picture [68 x 58] intentionally omitted <==
==> picture [672 x 9] intentionally omitted <==
==> picture [282 x 413] intentionally omitted <==
No Dice Chacon Target
• Rumble completed the first regional soil sampling in the greater Braeside project area at E45-4873
• Wide spaced (400m by 400m) and select 200m by 200m regional soil sampling was completed within E45/4873. A total of 195 soil samples were collected for multi-element wet analysis
-
The conventional soil sampling defined a 700m strike , north trending zone of Zn anomalism ( up to 560 ppm Zn ) in flat lying siltstones at the No Dice Chacon target
-
The response is significant ( 8 times background) based on soil sampling completed further east at the Bakers Dozen target where regional Zn in soil anomalism returned 527 ppm Zn has been infilled (50m by 50m) by XRF soils where values were up to 2942 ppm Zn.
Image: Braeside Project – Regional Soil Geochemistry - Pb in Soil Contouring highlighting new sampling completed within E45/4873
==> picture [720 x 30] intentionally omitted <==
----- Start of picture text -----
ASX: RTR | PAGE 15
----- End of picture text -----
Braeside Next Steps
==> picture [68 x 58] intentionally omitted <==
==> picture [672 x 9] intentionally omitted <==
-
Rumble is aggressively completing systematic targetting with detailed prospecting of the defined targets for the upcoming RC Drill program:
-
Rumble’s field crew is currently completing detailed grab sampling and prospect mapping to optimise the proposed RC drill-hole program at all twenty-three (23) first order drill targets identified
-
Results are pending for approximately 200 grab samples taken over the high order Zn and Pb in soil anomalism (XRF)
-
It is anticipated there will be 2 rounds of drilling in 2018 . Due to the multitude of first order targets being identified, the RC drilling is now re-scheduled for early August to ensure Rumble delineates the best targets for the RC drill program
-
First pass geochemistry (soil, stream sediment and grab sampling) of newly granted tenements within the greater Braeside Project area is planned.
-
Rumble has partnered with the Australia’s national science agency, (“CSIRO”) to investigate the alteration mineral footprints . The CSIRO-Rumble collaboration will involve processing and interpreting spectral data by CSIRO to aid in defining alteration signatures associated with base metal mineralisation. Importantly drill hole spectral studies completed by Rumble have confirmed the widespread alteration.
-
Rumble received a $50,000 grant through the Australian Government’s Innovation Connections programme , to be matched by Rumble’s own funds to execute the CSIRO project.
==> picture [720 x 30] intentionally omitted <==
----- Start of picture text -----
ASX: RTR | PAGE 16
----- End of picture text -----
==> picture [68 x 58] intentionally omitted <==
Barramine High Grade Cu-Pb-Zn-Ag Project
==> picture [242 x 213] intentionally omitted <==
-
Rumble has the option to acquire 70% of E45/4368
-
High-grade Cu, Pb, Zn and Ag prospects have not been tested by drilling or modern exploration
-
The same geology and structure that hosts the historic high-grade Braeside Project Zn and Pb mineralisation extends into the Barramine Project
-
Strategic opportunity to secure further prospective ground in the Braeside project area that may host significant porphyry related base metal deposits
==> picture [250 x 313] intentionally omitted <==
- Historic rock chip and channel samples collected confirms the high-grade nature of the project with assays up to 25.32% copper, 279 g/t silver, 6% lead and 1.8% zinc
Extrapolation of Mineralised Structure from Braeside Project - Au in Stream Sediment Anomalism
==> picture [284 x 204] intentionally omitted <==
Recent exploration by Rumble within the Braeside Project identified significant base metal trends that appear to extend north into the Barramine Project
Camel Hump Prospect - Grab Sample Base Metal Anomalism and Main Structure
Barramine project in relation to Braeside Project
==> picture [720 x 30] intentionally omitted <==
----- Start of picture text -----
ASX: RTR | PAGE 17
----- End of picture text -----
Munarra Gully High Grade Cu-Au with Ni-Co Project
==> picture [68 x 58] intentionally omitted <==
==> picture [672 x 9] intentionally omitted <==
==> picture [211 x 267] intentionally omitted <==
-
Rumble has the option to acquire 80% of the Munarra Gully High Grade Projects M51-122 and E51-1677
-
Historic shallow RAB drilling intercepts (4m composites) near the two small open pits had exceptional drill intersections which include:
-
40m @ 0.66% Cu, 4.85 g/t Au, surface to EOH.
- Includes 8m @ 1.3% Cu, 22.75 g/t Au from 24m.
-
34m @ 0.75% Cu, 0.46 g/t Au, surface to EOH.
-
20m @ 0.54% Cu, 1.52 g/t Au, surface to EOH.
-
The shallow historic RAB drilling defined mineralisation over a width of at least 50m with the copper mineralisation open along strike and at depth with significant potential at depth for copper sulphide mineralisation.
-
Grab sampling (33 samples) from the two small open cuts by Rumble and others returned significant widespread copper mineralisation including:
-
Average of all 33 samples – 0.68% Cu (up to 2.1% Cu), Au to 1.9 g/t, Ni to 0.37% and Co to 0.11%.
==> picture [330 x 194] intentionally omitted <==
Image – Location of Munarra Gully Project with Regional Geology
-
With the exposure of the copper bearing ultramafic unit at the White Rose Prospect by the recent small scale mining, the potential for disseminated to massive copper +/- nickel sulphide mineralisation is high as the ultramafic unit can be traced magnetically over a strike of at least 8km .
-
Preliminary assessment of regional aeromagnetic data indicates a potential association with the copper mineralisation with magnetic “blowouts” along a ENE trending ultramafic intrusion.
-
Within E51/1677, at least four (4) “blowout” targets can be inferred and preliminary review of Open File date indicates no systematic copper – nickel exploration has been completed over these targets.
Image – Plan of Inferred Ultramafic Dyke Target – E51/1677 – Over Magnetics.
==> picture [720 x 30] intentionally omitted <==
----- Start of picture text -----
ASX: RTR | PAGE 18
----- End of picture text -----
Munarra Gully Cu-Au (Ni-Co) Drill Program
==> picture [68 x 58] intentionally omitted <==
==> picture [672 x 9] intentionally omitted <==
==> picture [370 x 168] intentionally omitted <==
Image : White Rose Prospect – Location Plan of Historic Drilling, Open Pits, Grab Sampling, First Order Conductor and Proposed RC Drill-Hole Locations
Large First Order Conductor – Remains Untested
Rumble has completed Stage 1 RC drilling which consisted of seven (7) holes for 1149m. The drilling programme consisted of seven (7) holes for 1149m. Assays results from the drilling will be reported as soon as assay results are available.
White Rose Cu - Au Mineralisation
All drill-holes (four completed on the White Rose prospect) intercepted significant visible copper mineralisation beneath the shallow open pits. The Two RC drill sections were completed on 160m spacing.
Visual inspection has confirmed both oxide and primary copper
mineralisation is associated with a fine to medium grain pyroxenite (norite – hypersthene dominant) intrusive.
Two drill-holes designed to test a large (470m by 260m) conductor (plate) that lies 600m west of the White Rose Prospect did not intersect the conductor and requires further detailed targetting :
WRRC001 – 31 to 49m (oxide)
-
18 metre section - minerals observed include malachite and chrysocolla. Visual estimate ranges from 2 to 8%.
-
The first drill-hole (WRRC-005 – 200m depth) intercepted a late dolerite dyke (non-conductive) that deflected the hole thereby missing the target.
-
The second drill-hole (WRRC-006 – 289m depth) was completed by a larger drill rig. Broad zones of dolerite and fine grain norite were logged, however, no conductive rocks were encountered. The source of the conductance has not been explained.
WRRC002 – 75 to 85m (primary)
- 10 metre section - minerals observed include chalcopyrite and bornite. Visual estimate ranges from 2 to 5% chalcopyrite. Bornite estimate 5 to 8% for interval 82 – 84m
WRRC003 – 0 to 35m (oxide)
- 35 metre section – minerals include malachite and chrysocolla. Visual estimate ranges from 2 to 5%.
Rumble has commissioned a downhole geophysical survey to further delineate the conductor.
Proposed Stage 2 Drilling - Subject to the DHEM survey confirming and vectoring the main conductor, further RC drilling is planned .
WRRC004 – 45 to 75m (primary)
- 30 metre section – minerals include chalcopyrite and bornite. Visual estimate ranges from 2 to 5% for both minerals.
==> picture [720 x 30] intentionally omitted <==
----- Start of picture text -----
ASX: RTR | PAGE 19
----- End of picture text -----
Nemesis High Grade Au Project
==> picture [68 x 58] intentionally omitted <==
==> picture [672 x 9] intentionally omitted <==
Rumble has the option to acquire 80% of the historic high grade Nemesis high grade project (M20/33)
-
Mining started in 1900 and 5,538.86 oz of gold was produced from 2,075 tons for 83 g/t Au .
-
In 1909, another 1618.14 oz of gold was produced from 201 tons for 250 g/t Au.
-
The total production is 7157 oz of gold from 2,276 tons for an average weighted grade of 98 g/t.
==> picture [410 x 328] intentionally omitted <==
Nemesis Drill Program July 2018 Completed
-
In total, three targets were tested with six RC drill-holes for a total of 728m.
-
Three (3) RC drill-holes were completed targeting the depth extension of the main high-grade gold zone at the historic Nemesis gold mine.
-
Two (2) RC drill-holes east and one (1) RC drill-hole west along strike from the Nemesis gold mine, targeting areas of historic elevated Au in soil anomalism and known small scale workings associated with the Nemesis Shear Zone.
-
Results from the drilling will be reported as soon as assay results are available.
Image – Project Location – M20/33 – Geology and RC Drill Hole Locations
==> picture [720 x 30] intentionally omitted <==
----- Start of picture text -----
ASX: RTR | PAGE 20
----- End of picture text -----
Nemesis High Grade Au Mine Drill Targets
==> picture [68 x 58] intentionally omitted <==
==> picture [672 x 9] intentionally omitted <==
==> picture [364 x 198] intentionally omitted <==
Image - RC Drill Hole Locations - targeting depth extension to the historic Nemesis High-Grade Gold Mine
Nemesis Mine Depth Extension
-
The historic workings at the Nemesis Au mine have been worked to a maximum depth of 70m with three steep plunging high-grade gold ( average grade of 98 g/t Au ) shoots (85° to the east) over a strike length of 60m
-
The shoots are stacked and the plunge of the stacking is moderate to the east.
-
RC drilling along strike to the east was very shallow (maximum vertical depth of 35m) and did not test the plunging mineralisation .
Historic High Grade Au Nemesis Nemesis Au mine
-
No drilling has tested the depth extension of the Nemesis deposit below 40m .
-
Previous drilling focused on delineating shallow oxide mineralisation - All historic RC drilling tested only to a vertical depth of 35m .
==> picture [333 x 269] intentionally omitted <==
Image – Longitudinal Section AA of the Nemesis High-Grade Au Mine with Proposed RC Drilling
==> picture [720 x 30] intentionally omitted <==
----- Start of picture text -----
ASX: RTR | PAGE 21
----- End of picture text -----
==> picture [68 x 58] intentionally omitted <==
Earaheedy High Grade Zinc Project
==> picture [672 x 9] intentionally omitted <==
-
Rumble has the option to acquire 75% of the Earaheedy Project E69-3464 and has 100% of E69-3543
-
Historical drilling intercepted high-grade zinc up to 18.6% within an intersection 3.3m @ 11.2% Zn , and 0.93% Pb from 150m. Other drill-holes include 2m @ 8.23% Zn and 2.77% Pb from 103m
-
Broad spaced drilling the 1990’s defined primary Zn-Pb mineralisation (zinc dominant) associated with a flat lying to shallow northeast dipping laterally continuous dolomite horizon with over 20 kilometres strike
-
Rumble completed a detailed gravity survey to compliment the magnetics with detailed partial leach geochemistry commissioned to help delineate basement structures and directly define base metal sulphides to drill test in 2018
-
Based on the wide spaced drilling, widespread flat lying zinc and lead mineralisation and significant high-grade intercepts, Rumble believes the potential for moderate to high angle fault breccias with significant/economic mineralisation is high .
==> picture [342 x 186] intentionally omitted <==
Image: Structural Contours (Zn%-m) Drill Holes Intercepting Mineralised Horizon.
==> picture [315 x 183] intentionally omitted <==
Image: Project Location and Regional Geology – Earaheedy Project – E69/3464
==> picture [720 x 30] intentionally omitted <==
----- Start of picture text -----
ASX: RTR | PAGE 22
----- End of picture text -----
Earaheedy High Grade Zinc Project
==> picture [68 x 58] intentionally omitted <==
==> picture [672 x 9] intentionally omitted <==
-
The mineralisation style is similar to Mississippi Valley Type (MVT) large high grade base metal deposits that include the Devonian Lennard Shelf deposits of the Kimberley Region of Western Australia.
-
The target size is similar to the Pillara (Blendevale) Zn – Pb deposit located in the Devonian limestones of the Lennard Shelf, Kimberley Region, Western Australia which produced 10.3 Mt @ 6.9% Zn and 2.3% Pb. Of note, the discovery drill-hole (8m @ 8.9% Zn, 3.5% Pb below 210m) at Pillara, was the 136[th] drill hole in the area.
==> picture [370 x 205] intentionally omitted <==
Southeast Portion of Earaheedy Project Zn:Pb Ratio of Mineralisation in Drill Holes over Aero-Magnetic Coloured TMI Image.
==> picture [282 x 205] intentionally omitted <==
Basement Structures with Gravity Anomalies over detailed magnetics
==> picture [376 x 209] intentionally omitted <==
Potential Earaheedy MVT Model
Fraser Range Ni-Cu Projects
==> picture [68 x 58] intentionally omitted <==
==> picture [672 x 9] intentionally omitted <==
==> picture [457 x 312] intentionally omitted <==
Image: Fraser Range Project Location, Regional Geology and Tenement Status
-
Joint Venture Agreement signed with leading base metal and gold miner Independence Group NL (ASX: IGO) on Rumbles highly prospective Fraser Range Projects in Western Australia
-
IGO to earn 70% equity in Rumble's 100% owned Fraser Range Project by spending $1.5m on exploration
-
Rumble to be free-carried through to completion of a Pre-Feasibility Study on any of the Fraser Range tenements
-
Rumble to benefit from IGO’s extensive expertise as the dominant regional player in the Fraser Range
-
IGO has actively been exploring on all 3 of the projects
==> picture [720 x 30] intentionally omitted <==
----- Start of picture text -----
ASX: RTR | PAGE 24
----- End of picture text -----
Investment Summary
==> picture [68 x 58] intentionally omitted <==
==> picture [672 x 9] intentionally omitted <==
-
Generating and drill testing a pipeline of projects capable of high grade world class discoveries
-
Successful Technical Director previously discovered 7 significant deposits worldwide
-
Very strong working capital with $3.8mil cash at bank
-
Low cost exploration to test for discovery
-
Near term catalysts for significant re-rating in 2018
-
Drill testing Munarra Gully High Grade Copper – Gold Project – Completed Awaiting Assays
-
oDrill testing Nemesis High Grade Gold Project – Completed Awaiting Assays -
Drill testing flagship Braeside High Grade Zinc-Lead Project – Scheduled for early August 2018
-
Drill testing Earaheedy High Grade Zinc Project – Scheduled for September 2018
-
JV Partner IGO drill testing Fraser Range Nickel – Copper Projects - Ongoing
-
Highly leveraged to exploration success with lack of new discoveries globally and commodity price highs
==> picture [720 x 30] intentionally omitted <==
----- Start of picture text -----
ASX: RTR | PAGE 25
----- End of picture text -----
Contacts and Disclaimer
==> picture [68 x 58] intentionally omitted <==
==> picture [672 x 9] intentionally omitted <==
Shane Sikora, Managing Director
Web: www.rumbleresources.com.au
Brett Keillor, Technical Director
Ph: +61 8 6555 3980
Disclaimer;
- This presentation has been prepared by Rumble Resources Limited (Rumble or the Company ). It contains general information about the Company’s activities current as at the date of the presentation. The information is provided in summary form and does not purport to be complete. This presentation is not to be distributed (nor taken to have been distributed) to any persons in any jurisdictions to whom an offer or solicitation to buy shares in the Company would be unlawful. Any recipient of the presentation should observe any such restrictions on the distribution of this presentation and warrants to the Company that the receipt of the presentation is not unlawful. It should not be considered as an offer or invitation to subscribe for or purchase any securities in the Company or as an inducement to make an offer or invitation with respect to those securities. No agreement to subscribe for securities in the Company will be entered into on the basis of this presentation or any information, opinions or conclusions expressed in the course of this presentation. This presentation is not a prospectus, product disclosure document or other offering document under Australian law or under any other law. It has been prepared for information purposes only. This presentation contains general summary information and does not take into account the investment objectives, financial situation and particular needs of any individual investor. It is not financial product advice and investors should obtain their own independent advice from qualified financial advisors having regarding to their objectives, financial situation and needs. Rumble nor any of their related bodies corporate is licensed to provide financial product advice.
This presentation and information, opinions or conclusions expressed in the course of this presentation contains forecasts and forward looking information. Such forecasts, projections and information are not a guarantee of future performance, involve unknown risks and uncertainties. Actual results and developments will almost certainly differ materially from those expressed or implied. There are a number of risks, both specific to Rumble, and of a general nature which may affect the future operating and financial performance of Rumble, and the value of an investment in Rumble including and not limited to title risk, renewal risk, economic conditions, stock market fluctuations, manganese demand and price movements, timing of access to infrastructure, timing of environmental approvals, regulatory risks, operational risks, reliance on key personnel, reserve estimations, native title risks, foreign currency fluctuations, and mining development, construction and commissioning risk.
You should not act or refrain from acting in reliance on this presentation, or any information, opinions or conclusions expressed in the course of this presentation. This presentation does not purport to be all inclusive or to contain all information which its recipients may require in order to make an informed assessment of the prospects of Rumble. You should conduct your own investigation and perform your own analysis in order to satisfy yourself as to the accuracy and completeness of the information, statements and opinions contained in this presentation before making any investment decision. Recipients of this presentation must undertake their own due diligence and make their own assumptions in respect of the information contained in this presentation and should obtain independent professional advice before may any decision based on the information. No representation or warranty, express or implied, is made in relation to the fairness, accuracy or completeness of the information, opinions and conclusions expressed in the course of this presentation. To the maximum extent permitted by law, no representation, warranty or undertaking, express or implied, is made and, to the maximum extent permitted by law, no responsibility or liability is accepted by the Company or any of its officers, employees, agents or consultant or any other person as to the adequacy, accuracy, completeness or reasonableness of the information in this presentation. To the maximum extent permitted by law, no responsibility for any errors or omissions from this presentation whether arising out of negligence or otherwise is accepted. An investment in the shares of the Company is to be considered highly speculative.
The exploration targets or conceptual exploration targets in this presentation or expressed during the course of this presentation are subject to completion of the necessary feasibility studies, permitting and execution of all necessary infrastructure agreements. In relation to any statements pertaining to future exploration targets or conceptual exploration targets, the nature of the exploration target means that the potential quantity and grade is conceptual in nature, that there has been insufficient exploration to define a Mineral Resource and that it is uncertain if further exploration will result in the determination of a Mineral Resource. This presentation and information, opinions or conclusions expressed in the course of this presentation should be read in conjunction with Rumble's other periodic and continuous disclosure announcements lodged with the ASX, which are available on the Rumble website. In respect of reported historical exploration results please refer ASX announcements dated 20 March 2017 and 18 April 2017.Some statements in this presentation regarding future events are forwardlooking statements. They involve risk and uncertainties that could cause actual results to differ from estimated results. Forward-looking statements include, but are not limited to, statements concerning the Company’s exploration programme, outlook and target sizes. They include statements preceded by words such as “potential”, “target”, “scheduled”, “planned”, “estimate”, “possible”, “future”, “prospective” and similar expressions.
Competent Person Statement:
The information in this presentation that relates to Exploration Results or Mineral Resources is based on information compiled or reviewed by Mr Brett Keillor, who is a Member of the Australian Institute of Mining and Metallurgy. Mr Keillor has sufficient experience, which is relevant to the style of mineralisation and type of deposit under consideration and to activities undertaken, 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 Keillor consents to the inclusion in the presentation of the matters based on his information in the form and context in which it appears.
==> picture [720 x 30] intentionally omitted <==
----- Start of picture text -----
ASX: RTR | PAGE 26
----- End of picture text -----