RUMBLE RESOURCES LIMITED — Investor Presentation 2021

Apr 27, 2021

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~~Pipeline of Projects Strategy Delivers~~

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Major Zinc-Lead Discovery at the Earaheedy Project

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April 2021 WWW.RUMBLERESOURCES.COM.AU ASX: RTR | PAGE 1
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Pipeline of Projects Strategy Multi le Avenues to World Class Discoveries p

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Clear Strategy

Discovery History

Near Term Catalysts

• Generate a pipeline of projects at various stages of development

• Critically review each project to ensure capable of world class discoveries

• Negotiate low-cost upfront optionality

• Fast track low-cost drill target generation

• Drill first order targets for discovery

Technical Director Brett Keillor

• Discovered multiple deposits that turned into mines with majors Resolute and Independence Group

• Twice AMEC Award “Prospector Of The Year” – Tropicana and Plutonic Discoveries

• Final Assays at Earaheedy Major Zinc-Lead Discovery

• Maiden Gold Resources at Western Queen Project

• De-risked due to multiple avenues to discovery

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Corporate Overview

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Capital Structure	Capital Structure	Capital Structure
Shares on Issue	#	532m
Unlisted Options on Issue1 2	#	26M
Cash3	A$	$4.2m
Market Cap *as of 24th April	A$	$292m

1. 11mil 15c Options (Various Expiry)

2. 15mil Performance Options Vesting 20c, 30c, 40c, 50c, $1 & $2

RTR 12month Chart

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1. Cash position Dec 20 Quarterly - Not including the $40mil placement announced 28th April 2021

Board & Management	Board & Management
Shane Sikora	Managing Director
Brett Keillor	Technical Director
Matthew Banks	Non-Executive Director
Michael Smith	Non-Executive Director
Steven Wood	Company Secretary
Mark Carder	Exploration Manager

Ownership Analysis	Ownership Analysis
Board and Management	8.9%
Top 20	29%

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Earaheedy Major Zinc-Lead Discovery Tier 1 Scale Potential

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Earaheedy Project

• RTR owns 75% of E69/3464 with Zenith Minerals Ltd (ASX: ZNC) holding the remaining 25%. The contiguous ELA69/3787 is held 100% by RTR.

Two Large Scale Zn-Pb-Ag Discoveries:

• Magazine and Chinook are 10.5km apart

• The Project covers 45km of unconformity prospective strike - remains untested and completely open

• Zeroing in on High Grade Zones - Higher-grade Zn-Pb identified in sandstone channel and facies zones which are conducive to developing higher-grade Zn-Pb mineralisation

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Deposit Type:

• Multiple large tonnage, flat lying, shallow, open pittable sandstone Zn-Pb-Ag deposits

Exploration Target Tier 1 Potential:

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*The potential quantity and grade of the Exploration Target is conceptual in nature. There has been insufficient exploration to estimate a Mineral Resource and it is uncertain if further exploration will result in the estimation of a Mineral Resource.

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Earaheedy Major Zinc-Lead Discovery Chinook Pros ect p

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Earaheedy Major Zinc-Lead Discovery Chinook Prospect

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Earaheedy Major Zinc-Lead Discovery Chinook Pros ect p

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• RC Drill Grid - 5 drill lines x 500m x 100m intersecting Zinc-Lead over 2km’s of strike and over 1.1km’s of width – Open in all directions

• RC Drilling results indicate true thickness is up to 34m – vertical holes

• The Chinook Prospect itself has the potential to be at the upper end of the existing exploration target – 2km’s tested of 45km’s strike

• Assays for remaining twenty-four (24) RC drill holes are pending. All holes reported visible Zn-Pb mineralisation, aided by pXRF

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Earaheedy Major Zinc-Lead Discovery Chinook Prospect

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Earaheedy Major Zinc-Lead Discovery Next Steps

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 Further RC Assays pending - Expected 3-4 weeks

 Diamond Drilling Booked – Geology

 RC Drilling Booked – Scope and Discover

 Preliminary Metallurgical – Planned

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Image – Course Grained Massive Sphalerite (Zinc)

 First Goal – Upper Level Of Exploration Target

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Pipeline of Project Strategy Upcoming Catalysts

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Gold Resources

 Maiden Gold Resources at Western Queen Project

JV Partners Advancing Tier 1 Projects – Potential for Multiple Discoveries

• Thunderdome – Fraser Range – Tier 1 Ni-Cu Potential

• Thunderstorm – Fraser Range – Tier 1 Gold Potential

• Lamil Project – Paterson Province – Tier 1 Copper-Gold Potential

• Rumble Low Cost High Impact Exploration – Potential for Multiple Discoveries  Munarra Gully – Drilling and DHEM – Tier 1 Gold-Copper Potential  Braeside - Ground IP – High-Grade Breccia Pipes

• Braeside and Warroo – Airborne VTEM – VMS Province Potential

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Rumble Contacts – Thank You

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Shane Sikora, Managing Director E: info@rumbleresources.com.au Web: www.rumbleresources.com.au

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https://twitter.com/RumbleResources https://www.linkedin.com/company/ rumble-resources-ltd

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Disclaimer

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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. 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, exploration targets 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.

• Refer previous announcements in respect of exploration results dated 19 April 2021, 23 February 2021, 17 February 2021, 15 February 2021, 3 February 2021, 28 January 2021, 4 November 2020, 6 October 2020, 20 May 2020, 4 May 2020, 24 April 2020, 17 Feb 2020, 11 Feb. 2020, 23 Jan 2020, 26 November 2019, 8 November 2019, 21November 2019, 21 October 2019, 1 October 2019, 23 August 2019, 22 August 2019, 6 August 2019, 11 July 2019, 1 July 2019, 4 April 2019, 12 March 2019, 12 February 2019, 6 February 2019, 17 December 2018, 27 November 2018, 30 August 2018 and 9 August 2018. The resource and acquisition terms for the Western Queen Au Project was disclosed in the ASX announcement dated 6 August 2019. Rumble is not aware of any new information or data that materially affects the information included in that relevant market announcement and that all material assumptions and technical parameters underpinning the estimates in the relevant market announcement continue to apply and have not materially changed.

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Appendix 1

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Earaheedy Exploration Target

Rumble’s Zn-Pb exploration target at the Earaheedy Project is between 40 to 100 million tonnes at a grade ranging between 3.5% Zn-Pb to 4.5% Zn-Pb. The exploration target is at a shallow depth (80m), and over 40kms of prospective strike (completely open) has been defined within the Earaheedy Project. The potential quantity and grade of the exploration target is conceptual in nature, there has been insufficient exploration to estimate a Mineral Resource and it is uncertain if further exploration will result in the estimation of a Mineral Resource. The exploration target, being conceptual in nature, takes no account of geological complexity, possible mining method or metallurgical recovery factors. The exploration target has been estimated in order to provide an assessment of the potential for large-scale Zn-Pb deposits within the Earaheedy Project. The exploration target has been prepared and reported in accordance with the 2012 edition of the JORC Code.

The exploration target is based on the current geological understanding of the mineralisation geometry, continuity of mineralisation and regional geology. This understanding is provided by an extensive drill hole database, regional mapping, coupled with understanding of the host stratigraphic sequence and a feasibility study completed at the nearby Paroo Pb deposit. Included in the data on which this exploration target has been prepared is recent RC drilling of 30 holes for 2690m (three RC stages), 33 holes for 3593m recently completed (assays returned for 2 and 31 holes assays pending) and diamond drilling of 4 holes for 1199.8m completed by Rumble along with 64 historic RC drill holes completed within the project area (E69/3464) by previous explorers (refer historical exploration results in previous ASX announcements dated 5 February 2019 and 12 October 2017, 23[rd] January 2020 which continue to apply and have not materially changed). Some of the considerations in respect of the estimation of the exploration target include:

• Drilling results have demonstrated strong continuity of shallow, flat lying mineralisation;

• Over 40km’s of prospective strike and open (refer image on page 4);

• Minimum 600m of width (based on shallow 7.5 ° and shallow depth to 120m, based on drilling results.

• True width (thickness) of mineralisation up to 34 metres received in drilling results; and

• Specific gravity (SG) of 2.5 (world average SG of sandstone – not accounting for metal).

The Company intends to test the exploration target with drilling and this further drilling is expected to extend over approximately 12 months. Grade ranges have been either estimated or assigned from lower and upper grades of mineralisation received in drilling results. A classification is not applicable for an exploration target.

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