A multi-commodity story with potential near term gold production

Presentation to Diggers & Dealers 2024 Peter Harold – MD & CEO Tuesday 6 August 2024

Recent drilling at Western Queen

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. 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 Exploration Results referenced in this presentation were first announced by the Company in accordance with ASX Listing Rule 5.7 in its announcements dated 14th November 2023, 31st October 2023, 24th October 2023, 5th October 2023, 17th July 2023, 19th April 2023, 14th March 2023,16th February 2023, 17th November 2022, 3rd November 2022, 29th September 2022, 30th August 202, 23rd August 2022, 18th July 2022, 26 May 2022, 9 March 2022, 21 February 2022, 7 February 2022, 31 January 2022, 21 December 2021, 13 December 2021, 18 November 2021, 10 November 2021, 18 October 2021, 8 July 2021, 2 June 2021, 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 February 2020, 11 February 2020, 23 January 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 Mineral Resource estimate for the Western Queen Project referenced in this presentation was first announced by the Company in accordance with ASX Listing Rule 5.8 in its announcement dated 2 August 2021. The Mineral Resource estimate for the Earaheedy Project referenced in this presentation was first announced by the Company in accordance with ASX Listing Rule 5.8 in its announcement dated 19 April 2023.

Rumble is not aware of any new information or data that materially affects the information included in the relevant market announcements described above and, in the case of the Mineral Resource estimate, that all material assumptions and technical parameters underpinning the estimate in the relevant market announcement continue to apply and have not materially changed.

The Six Ps

People
Projects
Production
Profitable
Potential

• Partnerships

Projects - The Showbag Theory

Projects - The Rumble Showbag

Western Queen

Existing 163koz gold resource1
Potential near-term production
Recent high-grade tungsten discovery

Earaheedy

Resource of 2.2Mt Zn, 0.7Mt Pb and 12.6Moz Ag2
Potential large scale, low-cost open pit mining
Less than 30% of the 70km host Unconformity Unit tested
One of the largest zinc sulphide discoveries over the last decade

Wardawarra

• Potential for a new lithium province

Braeside, Lamil, Waroo, Munarra Gully, Fraser Range

• Base metals, Au, Ag, PGEs, U and what else?

1 refer ASX Announcement 2 August 2021

Western Queen – High-Grade Gold

Location Plan of the Western Queen Gold Project

Key Points

Resource 2.1Mt @ 2.42g/t Au for 163koz
Historical production 880kt @ 7.6g/t for 215koz
Geology The Western Queen deposits are associated with a major orogenic shear zone
Possible Analogy Spartan's Never Never which is 5.16Mt @ 5.74 g/t Au (953k oz) to a vertical depth of over 600m

Western Queen – Resources

	r

Prospect	MiningMethod	Cut-off g/t	Classification	Tonnes(t)	Aug/t	ContainedMetal
			Indicated	273,946	1.23	10,833
WQ	OC	0.5	Inferred	1,545	1.06	53
Central			Total	275,491	1.23	10,894
			Indicated	33,032	4.99	5,299
	UG	1.5	Inferred	347,774	3.98	44,499
			Total	380,806	4.06	49,705
			Indicated	306,978	1.63	16,132
	TOTAL		Inferred	349,319	3.97	44,552
			Total	656,297	2.88	60,684
			Indicated	745,150	2.04	48,870
WQSouth	OC	0.5	Inferred	254,738	2.32	19,000
			Total	999,888	2.11	67,828
			Indicated	17,090	3.9	2,143
	UG	1.5	Inferred	423,897	2.39	32,571
			Total	440,987	2.45	34,735
			Indicated	762,240	2.08	51,013
	TOTAL		Inferred	678,635	2.36	51,571
			Total	1,440,875	2.21	102,584
			Indicated	1,069,218	1.95	67,145
WQMRE	O/C andUG		Inferred	1,027,954	2.91	96,123
			Total	2,097,172	2.42	163,268

Table: Combined open cut and underground resource for the Western Queen project.

Western Queen – 2.7km zone – open in all directions

Western Queen Gold Deposit Longitudinal Section – Highlighting Previous Production, Resources and Potential New Resource Areas

Western Queen – Never Never Comparison

Western Queen South compared to Spartan's Never Never

Western Queen South – drilling & towards production

Recent Drilling

Has extended and potentially revealed new mineralisation
WQDD013 returned1:
- 5m @ 5.02 g/t Au from 216m and
- 16m @ 1.32 g/t Au from 264
WQDD014 returned:
- 29m @ 1.75 g/t Au from 202m, including
- 12m @ 3.5 g/t Au from 208
WQDD015 awaiting assay

Towards Production

Recut Resources at A$3,500/oz
Investigate production options and find a partner
Add Resources via additional drilling

Western Queen South - gram metre contours with selected drill hole intersections – Longitudinal Section

More Potential - Tungsten Discovery

WQDD013 intersections1:

4m @ 4.58% WO3, 0.72g/t Au from 174.85m including
2.05m @ 8.71% WO3, 1.38g/t from 176.85ml and
0.65m @ 18.35% WO3 ,2.97g/tAu from 176.85m

Source: Group 6 Metals Noosa Presentation 17 July 2024

WQDD013 intersection under UV light

Earaheedy - Globally Significant Zn/Pb/Ag Resource

Maiden Sulphide, pit constrained, inferred Mineral Resource Estimate (MRE)

94Mt @ 3.1% Zn+Pb and 4.1g/t Ag (at a 2% Zn+Pb cutoff) for

2.2Mt Zinc, 0.7Mt Lead and 12.6Moz Silver of contained metal

Large scale, low-cost open pit mining proposition in premier mining jurisdiction
One of the largest zinc sulphide discoveries globally over the last decade

Metallurgical testwork underway

Preliminary results confirmed high recoveries and marketable concentrate grades
Detailed testwork to optimise recoveries and test beneficiation nearing completion

Project optionality

The pit constrained MRE hosts a 41Mt higher-grade component >3% Zn+Pb cut-off
462Mt component > 0.5% Zn+Pb cut-off that could be upgraded through beneficiation

Exceptional resource growth and discovery potential

Deposits remain open with less than 30% of the now 70km host Unconformity Unit effectively drill tested
Excellent potential to locate further near-surface high grade areas i.e. Mato, Kalitan, Colorado zones
High grade MVT deposit targets in fertile underlying carbonate formations remain untested

Earaheedy – Major Zn/Pb/Ag Sulphide Discovery

• Major sedimentary hosted base metal discovery in the Earaheedy Basin announced in April 2021

Chinook discovery hole intersected:

o 34m @ 4.22% Zn+Pb from 66m, incl.
15m @ 6.97% Zn+Pb, from 74m
Maiden JORC compliant Mineral Resource Estimate delivered 24 months after discovery
Maiden resource based on 658 holes for 102,000m of drilling
Zinc sulphide dominant (up to 10:1 Zn:Pb)
Represents one of the largest zinc discoveries globally in past decade
Located 100km north of Wiluna in Western Australia, a world class mining jurisdiction with access to major highways, power, rail, ports and mining workforce

Globally Significant Pit Constrained Maiden Resource

Cut off		Inferred - Chinook	Inferred – Tonka and Navajoh					Inferred Total
Zn+Pb						Tonnes Zn+Pb Zn Pb Ag Tonnes Zn+Pb Zn Pb Ag					Tonnes Zn+Pb Zn Pb Ag
$%$	Mt	%	%	%	g/t	Mt	%	%	%	g/t	Mt	%	%		$%$ g/t
0.5	334	1.3	0.9 0	0.4	2.3	128	1.5		$1.2 \quad 0.2$	1.9	462	1.3	1.0	0.3	2.2
1.0	135	2.1		$1.5 \t0.6$	3.4	59	2.3		$2.0\quad 0.4$	2.6	194	$2.2\phantom{0}$	1.6	$0.5$ 3.1
2.0	63	3.0	2.1	$0.8$ 4.6		31	3.3		$2.8$ 0.5 3.4		94	3.1		$2.4\quad 0.7$	4.2
$2.5,$	39	3.4		$2.4\quad 0.9$	5.2	25	3.5		$3.0\quad 0.5$	3.6	65	3.4	2.6	0.8	4.5

3.0	24	3.8	2.7	1.1	5.7	17	3.9		$3.3 \quad 0.6$	3.8	41	3.8	3.0	0.9	4.9
4.0		4.7	3.3	1.5	6.8	5	4.9	4.1	0.8	4.3	12	4.8	3.6	1.2	5.7

Exceptional Resource Growth Potential

Inferred resources constrained to closer spaced drilling with potential to significantly grow resources with infill and extension drilling
Exceptional resource expansion with deposits open in all directions
Mineralisation intersected in broader spaced drilling outside of inferred resource areas highlights the potential for near term resource growth
Potential to discover highgrade MVT and fault related resources beneath existing resource area in underlying carbonate formations

Metallurgy – Marketable Concentrate

High zinc recoveries to 90% Zn in cleaner concentrates
Coarse grind size (150 micron)
Fast flotation with clean sulphide separation in site water
Simple and conventional process flowsheet
Zinc concentrate grade to 59% Zn is highly marketable
Higher end of global benchmark to current developers and producers
No penalty elements in concentrate

• Potential for further metallurgical improvements (optimisation and beneficiation)

Composite			A - EHS001/002		B - EDH019		C- EDH027		Tonka			Combined
Host			Unconformity	Unconformity			Dolomite
Feed Grades
Zn	%		3.92				1.25
Pb	%		2.33		4.720.49		0.15
Rougher Recoveries
Zn	%		86.1		89.6		96.7		93.2		90.8
Pb	%		63		82.3		82.1			82.2		75.7
Cleaner Recoveries
Zn	%		78.6			84.2		89.6		86.9		84.1
Pb	%		41		72	70			70.8			60.8
		Cleaner Concentrate Grades
Zn	%		44.5		58.8		49.6			54.2		51.0
Pb	%		13.7		5.2		4.8		5.0			7.9
Zn+Pb	%		58.3		64.0		54.4		59.2		58.9
		Table: Metallurgical Testwork	Summary –		incl Rougher Recoveries / Cleaner Recoveries and Concentrate Grades





					Table: Tonka Earaheedy Zinc Recoveries and Zinc Concentrate vs Global Producers

PROSPECT CHINOOK Average Average

TONKA

New Century Resources Limited – Quarterly Activities Report Dec-21, 2. Wood Mackenzie, August 2018 (N/A – information not available) 3. MMG Limited – Fourth Quarter Production Report 2021
Vedanta Zinc - Wood Mackenzie August 2018 (N/A – information not available)
Teck Resources Limited – Q2 2022 Financial Report Refer to slide 35 for the details regarding the above peer comparison information.

Next Steps

• Western Queen

Recut Resources, explore gold production options via partnership
Add gold resources
Tungsten
Earaheedy
- Metallurgy
- Internal scoping
- Partnership discussions
Other Projects
- Advanced via JVs/partnerships/other
Recognition of Real Value