RUMBLE RESOURCES LIMITED — Investor Presentation 2021

Feb 23, 2021

Drilling a Pipeline of Projects Capable of World-Class Discoveries Seven Gold and Base Metal Projects in Tier 1 Regions

February 2021 WWW.RUMBLERESOURCES.COM.AU ASX: RTR | PAGE 1

Pipeline of Projects Strategy Multiple Avenues to World Class Discoveries

Clear Strategy

• 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
• De-risked due to multiple avenues to

Discovery History

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

Near Term Catalysts

• 1 Drill Program Awaiting Assays
• 1 Resource Estimate
• 4 Geophysical Programs Planned
• 8 Drill Programs Planned

Pipeline of Projects Strategy Multiple Avenues to World Class Discoveries

❖ 6 Drill Programs Completed

• ➢ Phase 3 Western Queen Project - High-Grade Gold Expanded
• ➢ Munarra Gully Project – Large-Scale Gold-Copper-Silver Expanded
• ➢ Braeside Project – Camel Hump - Significant Widths of Copper Discovered
• ➢ Braeside Project – Barker Well - High-Grade Lead Discovered
• ➢ Lamil Project – Intrusive Gold-Copper System Intersected – JV Partner
• ➢ Fraser Range Thunderstorm Project - High-Grade Gold Discovered – JV Partner

❖ 1 Drill Program – Completed Awaiting Assays

➢ Lamil Project - 'Tier 1' Au-Cu Targets – Final assays – JV Partner

❖ 1 Resource Estimation

➢ Western Queen Project – Multiple Resource Zones Expected

❖ 4 Geophysical Targeting Programs

• ➢ Munarra Gully Project – DHEM Planned
• ➢ Braeside Project – Barker Well – Ground IP
• ➢ Braeside Project – Camel Hump – Airborne EM
• ➢ Warroo Project – Airborne EM

❖ 8 Drill programs - Planned

• ➢ Phase 4 Western Queen Project - High-Grade Au Targets
• ➢ Warroo Project - Large Scale VMS Targets
• ➢ Braeside Project – Camel Hump - Large Scale VMS Targets
• ➢ Braeside Project – Barker Well – High-Grade Base Metal Breccia Pipes
• ➢ Earaheedy Project - 'Tier 1' Zn-Pb-Ag Targets
• ➢ Munarra Gully Project – "Tier 1" Au-Cu Targets
• ➢ Fraser Range Thunderdome Project - 'Tier 1' Ni-Cu Targets – JV Partner
• ➢ Fraser Range Thunderstorm Project - 'Tier 1' Au Targets – JV Partner

Corporate Overview

Capital Structure Shares on Issue # 532m Unlisted Options on Issue 1 2 # 26M Cash3 A$ $4.2m Market Cap *as of 22nd February 2021 A$ $56m

• 1. 11mil 15c Options (Various Expiry)
• 1. 15mil Performance Options 20c, 30c, 40c, 50c, $1 & $2
• 1. Cash position Dec 20 Quarterly

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

Ownership Analysis
Board and Management	8.9%
Top 20	27.76%

1. Western Queen Project – High-Grade Au System 2.7km of Au Mineralisation and Open

1. Western Queen Project – High-Grade Au System Near Surface Au Resources

Western Queen South Open Pit

Two High Grade lodes developed in hanging wall:

• 4m @ 49.73 g/t Au from 134m (QND-38975-1)
• 3m @ 19.8 g/t Au from 200m (WQSDD002)
• 5m @ 38.76 g/t Au from 193m (WQRC188)
• 17m @ 5.7 g/t Au from 221m (WQRC188)

• Resource drilling completed to expand the Western Queen South Open Pit Deposit (Existing 83,000oz @ 3.1 g/t Au)
• Results highlighted potential for open pit resource area expansion & high-grade gold underground operation

Western Queen Gold Deposit
Mineral Resource Estimate (2.0g/t Au cut-off)
					Total
Tonnes	Au	Tonnes	Au	Tonnes	Au	Au
	g/t		g/t		g/t	ounces
243,000	3.5	590,000	2.9	832,000	3.1	83,000
		130,000	9.0	130,000	9.0	38,000
243,000	3.5	719,000	4.0	962,000	3.9	120,000
		Indicated		Inferred

1. Western Queen Project – High-Grade Au System Multiple High-Grade Au Shoot Targets

The Duke (North of Western Queen Central)

• 8m @ 26.27 g/t Au from 14m (WQRC155)
• 6m @ 25.87 g/t Au from 48m (WQRC157)
• 7m @ 60.6 g/t Au from 70m (WQJC-32)
• 6m @ 37.34 g/t Au from 50m (QNC-10310-1)
• 11m @ 16.8 g/t Au from 51m (WQP-1055)

Western Queen Central Deeps

• 6.4m @ 36.09 g/t Au from 305.7m (WQD-1072)
• 6m @ 34.24 g/t Au from 354m (WQRC007D)
• 5m @ 22 g/t Au from 280m (WQRC150)
• 11.8m @ 16.08 g/t Au from 340.4m (WQD-1089)

Similarities

• Multiple High-Grade Gold Shoots
• Same style of structural control
• Same mineralisation style with High-Grade Gold hosted in tremolite skarn (after pyroxene skarn – diopside)
• The panned high-grade gold at The Duke and Western Queen Central in the Tremolite Skarn is even grain size without coarse nuggetty gold without sulphide or quartz

ASX: RTR | PAGE 7

1. Western Queen Project - High-Grade Au System WQ Shear Zone High Grade Au Structure

Western Queen Project (100% RTR)

• Located within a 110km radius of three operating gold processing mills
• WQ North-South Greenstone hosted Shear Zone 35km in length Untested

2. Thunderstorm JV & Thunderbolt Projects - Tier 1 Fraser Range Au Targets

• IGO Gold Grain Study Primary and secondary detrital gold crystals occur indicating High-grade Gold is potentially close to a primary source1
• Primary forms have block, crystal, and rod-like shapes with angular edges1

Thunderstorm JV Project (IGO 70% RTR 30%)

• Reconnaissance AC drilling 1.5km by 400m intersected widespread gold throughout the project including high-grade gold at Themis:
  • o 16m @ 6.69 g/t Au from 42m (20AFAC11321)
  • o 6m @ 9.15 g/t Au from 48m (18AFAC30771)

Thunderbolt Project – (RTR 100%)

• Lies south of and contiguous to the Thunderstorm JV Project

2. Thunderdome JV Project – Tier 1 Fraser Range Ni-Cu Targets

Thunderdome JV Project (IGO 70% RTR 30%)

Sailfish Ni-Cu Tier 1 Targets

• Magnetic low/gravity high features conceptual targets analogous of Legend Mining's Mawson Ni-Cu discovery (Located 30km NE along trend)

Old Soldiers Ni-Cu-Zn Tier 1 Targets

• Multiple EM conductors over a 12km Cu-Zn trend

Albany Fraser Range Province

• World Class Nova Nickel Copper Cobalt Mine
• World Class Tropicana Gold Mine
• Highly sought-after region with new Silver knight and Mawson Discoveries

3. Lamil JV Project – Tier 1 Paterson Province Au-Cu Targets

Image: NQ2 core from diamond drillhole 20ALD0006 showing basin and dome interference patterns in tightly folded quartz sandstones. Similar folding is well documented at Telfer and is considered to be a major control on the distribution of gold and copper mineralisation within the Telfer orebodies.

Lamil JV Project (RTR 100% - AIC Earning up to 65%)

• AIC Mines can earn 50% interest by spending $6 million at Lamil over 4 years, Thereafter AIC can earn a further 15% by spending $4 million over 1 year if Rumble does not elect to contribute.

Maiden Aircore, RC & Diamond Drill Program

• Broad 1.6km and 400m wide spacing Interpreted to intersect the Lamil Group sequence which host Telfer gold-copper mine, the Havieron gold-copper and Winu copper-gold deposits.
• Identified key elements to host intrusive related gold-copper deposits with the right basement lithologies, large scale structures (faults, folds, brecciation - IOCG plumbing system) and key pathfinder elements including copper, bismuth, gold and lead with elevated Iron, Sulfur - a valuable geochemical signature to help vector towards primary source.
• Significant large albite alteration cell (1.5km and open) of sodium enrichment is a key feature at Telfer and intrusive related gold-copper deposits

4. Munarra Gully Project – Tier 1 Large-Scale Au-Cu-Ag Targets

Munarra Gully Project - Amaryllis Prospect (100% RTR)

Significant Au-Cu-Ag mineralisation:

• 57m @ 0.85 g/t Au, 0.27% Cu 4.2 g/t Ag from 100m (AMRc015)
• 40m @ 0.89 g/t Au, 0.39% Cu, 5.7 g/t Ag from 108m (AMRC016)
• 8m @ 1.11% Cu, 0.88 g/t Au, 11.8 G/t Ag from 102m (AMRC003)

High-grade Au mineralisation:

• 2m @ 13.45 g/t Au from 92m (AMRC012)
• 4m @ 6.21 g/t Au from 94m (AMRC006 4m composites)

Large-scale Au-Cu-Ag System – Tier 1 Potential:

• Over 2300m of Au-Cu-Ag mineralised strike confirmed
• Open in all directions
• Au-Cu-Ag in wide alteration zones up to 50m true width
• Strong strike and dip length continuity of Au-Cu-Ag

4. Munarra Gully Project – Tier 1 Large-Scale Au-Cu-Ag Targets

Geological Comparison

Chibougamau Gold Copper Shear Vein Deposit Type

• The style of mineralisation has similar characteristics with Chibougamau Au-Cu-Ag shear vein style deposits located in the eastern part of the Abitibi Greenstone Belt in Quebec, Canada. At Chibougamau, major (later) shearing has overprinted earlier deformation within an area of high-level porphyries (Au-Mo-Cu) and minor VMS that have intruded into early sediments and mafic intrusive complex rock types.
• Of Note: Chibougamau Au-Cu-Ag shear vein style deposits have produced 3.5 million oz (gold) and 1 million copper metal tonnes at an average weighted grade of 1.76% Cu and 2.05 g/t Au. Some of the deposits at Chibougamau have been mined down to 1.1km in depth.

Criteria	Amaryllis Au-Cu-Ag Prospect	Chibougamau Au-Cu Shear Vein Deposit Type
Commodities	Au-Cu-Ag	Au-Cu-Ag
Mineralisation	Pyrite-chalcopyrite-pyrrhotite-sphalerite	Pyrite-chalcopyrite-pyrrhotite-sphalerite-galena
Deformation andAlteration ofHost (pervasive)	Intensely sheared/mylonisedmuscovite-sericite-chlorite-silicazones partitioned within weaklyfoliated to massive host	Intensely sheared/mylonised chlorite-sericite-carbonate+/-magnetite zones partitioned withinundeformed host
	Alteration zones 50-100m widthLimited drilling outside zone	100m scale breccia – disseminated-stockworkKm scale phyllic to propylitic
AlterationAssociated withMineralisation	Fe carbonate (ankerite)-epidote-Kspar-tourmaline-silica	Fe carbonate (ankerite)-epidote-chlorite-silica-tourmaline
Host Rocks	Porphyritic dacitic to andesiticextrusiveshigh-level intrusives with latertonalitic dykes	Porphyritic tonalite intruding into anorthositicgabbro complex
Ore ZoneCharacteristics	Stringer sulphide shears withsemi massive sulphide zones	Stringer to massive sulphide shear vein (2 to 5mwide mineable) - large disseminated/stockworkzones
	Evidence of large lower gradestockwork/disseminated zones	Strong dip component to ore zones.Lesser strike component

5. Braeside Project – Large Scale System 45 Priority Cu-Au-Zn-Pb-Ag Targets

Braeside Project (70% RTR)

• Regional Scale Porphyry, Epithermal and VMS mineralisation from surface
• Large-scale mineralised system over 60km in strike and 8km in width
• Discovery of shallow high-grade galena from surface at Braker Well and the recent copper discovery at Camel Hump highlights the camp scale potential for multiple high-grade base metal deposits
• 45 Priority Cu-Au-Zn-Pb-Ag targets generated all capable of discoveries

5. Braeside Project – Barker Well Prospect High-Grade Pb-Zn-Ag Breccia Pipes

High-Grade Lead-Zinc-Silver Discovery

• High-Grade Assays include:
  • o 4m @ 18.63% Pb, 1.72% Zn, 11.7 g/t Ag from 17m (BRRC158) ⃰
  • o 6m @ 10% Pb, 0.87% Zn, 7.5 g/t Ag from 27m (BRRC159) ⃰
  • o 2m @ 6.76% Pb from 15m (BRRC161) ⃰
  • o 2m @ 9.11% Pb, 0.63% Zn, 5.1 g/t Ag from 28m (BRRC175) ⃰
  • o 7m @ 5.6% Pb from 12m (BRRC179) ⃰
  • o 6m @ 12.35% Pb, 0.5% Zn, 14.1 g/t Ag from surface (BRRC180) ⃰
  • o 2m @ 11.43% Pb, 0.48% Zn, 11.5 g/t Ag from 39m (BRRC184) ⃰
  • o 3m @ 13.93% Pb, 0.54% Zn, 10.1 g/t Ag from 29m (BRRC185) ⃰
  • o 6m @ 6.71% Pb from 44m (BRRC186) ⃰
  • o 6m @ 7.58% Pb, 7.7 g/t Ag from 25m (BRRC141) ⃰
  • o 3m @ 14.23% Pb, 1% Zn, 9.3 g/t Ag from 30m (BRRC155) ⃰
  • o 3m @ 6.07% Pb, 6.4 g/t Ag from 15m (BRRC150) ⃰
• Broad mineralisation haloes with associated breccias include:
  • o 16m @ 3.1% Pb from 16m (BRRC185) ⃰
  • o 21m @ 3.42% Pb from 27m (BRRC159) ⃰
  • o 20m @ 2.3% Pb from 8m (BRRC179) ⃰
  • o 41m @ 1% Pb from surface (BRRC150) ⃰

⃰Intersections are drill hole length

• Three steep dipping galena breccia zones defined over 800m
• Mineralisation is open in all directions
• Drilling is shallow with 80% of drilling to depth of only 50m
• High-grade galena (sulphide) starts at surface and is associated with sphalerite (Zn) and silver (Ag) hosted in andesitic basalts and volcaniclastics.

5. Braeside Project – Camel Hump Prospect Potential New VMS Province

New Copper Discovery

• New copper discovery confirmed with shallow RC results:
  • o 35m @ 0.55% Cu from 8m (CHRC010) ⃰

Including: 8m @ 1% Cu from 11m &

5m @ 1.02% Cu from 36m

o 37m @ 0.46% Cu from 19m (CHRC011) ⃰

Including**: 5m @ 0.86% Cu from 22m &**

6m @ 1% from 45m ⃰intersections are true width

• Six (6) of the eight (8) drill holes returned significant widths of oxidised stringer style malachite, chalcocite and native copper mineralisation
• No previous drilling completed in target region Completely open

Potential New VMS Province

• Copper mineralisation is hosted in siltstone (volcaniclastic) intercalated with andesite, shale and is associated with zinc, lead and elevated silver
• Mineralisation style is volcanogenic (VMS)
• Of Importance: Drilling intersected the potential Copper Footwall stockwork stringer zone which is normally below the main High-Grade VMS Deposit Zone – See Typical VMS Deposit model.

6. Warroo Project – Tier 1 Potential New VMS Province

Warroo Project (RTR 100 %)

• Copper and zinc anomalism is associated with bimodal (felsic to mafic) volcanics and associated volcaniclastics/sediments of the Warroo Hill Member Synform.
• Over 18km of highly prospective strike under shallow sand cover has been delineated.
• Historic exploration outlined extensive copper and zinc anomalism from shallow broad spaced RAB drilling associated with a large gravity feature.
• Grab sampling returned significant mineralisation at the Warroo Prospect:
  • o Cu assays include – 3.43%, 2.04% and 1.51%
  • o Zn assays include – 26.0%, 23.5% and 19.1%

Of high importance:

• The host lithology to the copper mineralisation at Camel Hump has similar characteristics to the Warroo Hill Member lithologies.
• The Camel Hump and Warroo Hill Member lithologies lie within the same corridor with respect to strike and structure.

Potential for a significant new VMS province

7. Earaheedy Project – Tier 1 Large-Scale Zn-Pb-Ag Targets

Earaheedy Project (RTR 75%)

Two Large Scale Zn-Pb-Ag Discoveries:

• At Chinook, higher-grade Zn-Pb confirmed over 200m horizontal width and up to 12m vertical true thickness (within 41m Zn-Pb broad zone)
• Magazine and Chinook are 10.5km apart with the Zn-Pb-Ag mineralisation completely open
• The Project covers over 40km of sandstone 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

Deposit Type:

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

Exploration Target Tier 1 Potential:

* See Appendix 1 for parameters on Exploration Target

Investment Summary

• Rumble executing de-risked pipeline of projects strategy
• Multiple near-term discovery catalysts
  • ❖ Drilling High-Grade Gold System
  • ❖ Drilling Multiple 'Tier 1' Systems
  • ❖ Drilling Large Scale Systems
• Strong cash position
• Successful Technical Director Twice AMEC "Prospector Of The Year"

Rumble Contacts – Thank You

Shane Sikora, Managing Director

E: info@rumbleresources.com.au Web: www.rumbleresources.com.au

https://twitter.com/RumbleResources

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

Disclaimer

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 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 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.

Appendix 1

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) 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, 23rd 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;
• •Minimum 200m of width (based on shallow 7.5° and shallow depth to 80m, based on drilling results.
• •True width of mineralisation up to 12metres 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.