24 Nov

Company Presentation - 121 EMEA Conference

ASX: RTR | PAGE 1 November 2021 WWW.RUMBLERESOURCES.COM.AU Advancing the Earaheedy Zinc - Lead - Silver Sulphide Discovery 121 Mining Investment Online Conference EMEA – 23 rd to 25 th November 2021 ASX: RTR | PAGE 2 Pipeline of Projects Strategy Delivers Earaheedy Zn - Pb - Ag Sulphide Discovery Strategic p ipeline of projects • Clear strategy to drill test a pipeline of projects providing multiple avenues to world class discoveries • Rumble and JV partners currently advancing a portfolio of 8 projects in Tier 1 Regions across Western Australia Experienced management team and board • Led by Managing Director Shane Sikora , +15 years company management and corporate experience • Technical Director Brett Keillor awarded AMEC ‘Prospector of the Year’ twice for Tropicana and Plutonic discoveries • Recent board & management additions have significantly bolstered discovery & development expertise Primarily f ocussed on r apidly a dvancing a major discovery at Earaheedy • Major Zinc-Lead-Silver sulphide discovery made at Chinook prospect, 110km north of Wiluna • Initial 40,000m RC and Diamond follow-up drill program nearing completion • Results from the first 9000m have extended the mineralisation footprint by 224% to 4.1km x by 1.9km, with mineralisation open in all directions • Increased exploration target * to 100-120Mt (3.5% - 4.5% Zn-Pb Sulphide) – f lat l ying o pen p ittable d epth • Current f ocus is scoping the extent of mineralisation before targeting near surface inferred high-grade feeder structures Fully funded • Cash of ~$33.7 million (as at 30 September 21) no debt • Fully funded through expansive 2021 drilling program Near term catalysts • Ongoing drilling results at Earaheedy – 35,000m completed with only 9,000m assays received – a ssays p ending - 2H 2021 • Drilling at Munarra Gully & Lamil Projects completed – a ssays p ending – 2H 2021 * Refer page [15] for further details on the Exploration Target. The potential quantity and grade of the Exploration Target is conceptual in nature. There has been insufficient exploration to estimate a Mineral Resource and it is uncertain if further exploration will result in the estimation of a Mineral Resource ASX: RTR | PAGE 3 Corporate Overview Capital Structure (ASX:RTR) Shares On Issue (m) 620. 2 Unlisted Options 1,2,3 (m) 24. 0 Market Capitalisation 4 (A$m) 279 Cash (30 September 2021) (A$m) ~33.7 Debt (A$m) Nil Share Price Performance 1. 5.9mil 15c Options (Various Expiry) 2. 3.25m 58c Options 3. 15mil Performance Options Vesting 20c, 30c, 40c, 50c, $1 & $2 4. As at [9 November 2021] Board and Management Shane Sikora Managing Director Brett Keillor Technical Director Matthew Banks Non - Executive Director Michael Smith Non - Executive Director Peter Venn Non - Executive Director Steven Wood Company Secretary Shareholders Board and Management 9% Top 20 31% ASX: RTR | PAGE 4 Experienced Board and Management Senior Management Steven Wood Company Secretary / CFO • Over 10 years experience in corporate advisory, company secretarial and financial management Chartered Accountant, with experience in providing company secretarial and financial management services to both ASX and unlisted public and private companies. Mark Carder GM Operations • Geologist with over 19 years’ experience in mining a broad range of commodities. • Held senior geological roles with Crescent Gold, BC Iron, Carrick Gold, Millennium Minerals and Lynas Corporation. • Specialises in resource modelling and economic assessment. Ben Jones Chief Geologist • Highly experienced technical geologist with over 20 years experience in gold and base metal deposits in Australia. • Previously consulted to Evolution Mining, senior management positions at Independence Group, Jabiru Metals Ltd and AngloGold Ashanti. • Oversaw the re - interpretation and successful definition of over 1Moz of gold as part of the Sunrise Dam Gold Mine Underground Feasibility Study, delivered the Tropicana Gold Deposit Pre - Feasibility Study (now over 7Moz) in Western Australia, and completed the Stockman Cu - Pb - Zn deposit Pre - Feasibility Study in Eastern Victoria. Luke Timmermans Project Manager, Earaheedy • Geologist with over 10 years’ experience spanning a broad range of commodities. • Senior roles with Gold Fields, Red 5 and Essential Metals. • Involved with the re - discovery and development of the King of the Hills gold deposit as a bulk mining operation. Board Shane Sikora , Managing Director • Founding member of Rumble. • Appointed Managing Director in 2015. • Over 15 years corporate experience in business development, strategic planning and project management. Brett Keillor, Technical Director • Geologist with over 30 years’ experience in the mining industry. • Worked with Resolute Mining Ltd, recently Chief Geologist (Gold) for Independence Group NL. • Twice recipient of the AMEC Award “Prospector Of The Year” for the Plutonic - Marymia and Tropicana discoveries. Matthew Banks Non - Executive Director • Approximately 10 years specialising in marketing, public relations and corporate finance. • Executive director of Wildcat Resources (ASX: WC8). Michael Smith Non - Executive Director • Chartered Accountant with over 25 years experience. • Fellow of the Taxation Institute of Australia, member of ICAA’s Forensic Accounting Special Interest Group. • Previously Chief Executive of a division of a publicly listed national financial services consolidator. Peter Venn Non - Executive Director • Geologist with more than 30 years experience. • Developed and lead teams to develop +10 mining operations across Africa and Australia . • Previously Managing Director of Margosa Graphite Limited and Chief BD Officer at Resolute Mining Limited. ASX: RTR | PAGE 5 • Major Zn - Pb - Ag sulphide discovery at (E69/3464) announced 19 April 2021, 110km north of Wiluna • Intersected 34m @ 4.22% Zn - Pb from 66m including 15m @ 6.97% Zn + Pb, 5.4 g/t Ag from 74m at the Chinook Prospect – True Width • RTR has a 75% interest in E69/3464 and 100% of contiguous applications E69/3787 & E69/3862 • Project covers 45km of unconformity prospective strike which remains untested and open in all directions • Potential for multiple large scale sedimentary hosted Zinc - Lead sulphide deposits throughout the project Earaheedy Zn - Pb - Ag Sulphide Discovery Tier 1 Scale Potential ASX: RTR | PAGE 6 Earaheedy Zn - Pb - Ag Sulphide Discovery Tier 1 Scale Potential • First 9000 m of assay results from the initial 40 , 000 m RC and Diamond programs were outstanding : o At the Chinook Prospect extended mineralisation footprint by 224 % to 4 . 1 km x 1 . 9 km, open in all directions o Already identified 17 kms of mineralisation on granted tenement (E 69 / 3464 ) o increased exploration target to 100 — 120 Mt ( 3 . 5 % - 4 . 5 % Zn - Pb Sulphide) – Open Pit and Underground Potential • Focus is on establishing the extent of mineralisation before targeting inferred high - grade feeder structures ASX: RTR | PAGE 7 Earaheedy Zn - Pb - Ag Sulphide Discovery Geological Model – 5 Target Zones ASX: RTR | PAGE 8 Chinook Zn - Pb - Ag Prospect Expanded to 4.1km x 1.9km - Open • 9000m of initial 40000m RC/DD program has expanded footprint to 4.1km by 1.9km, an increase of 224% - Open • Zn - Pb grades increase significantly near interpreted NW trending inferred extension feeder faults • Each inferred NW extension feeder fault has potential higher - grade Zn - Pb - Ag mineralisation along its strike length ASX: RTR | PAGE 9 Chinook Zn - Pb - Ag Prospect Section AB – 1.9km Open • Higher Zn - Pb - Ag grades adjacent to the multiple feeder faults • Navajoh dolomite hosts shallow flat lying Zn - Pb at open pittable depth – Initial focus of Drilling • Iroquois dolomite below Navajoh dolomite has not been drill tested – Drill Targeting Commenced • Potential for multiple large - scale Zn - Pb sulphide open cut and underground deposit(s) ASX: RTR | PAGE 10 Chinook Zn - Pb - Ag Prospect Sonic Drilling ASX: RTR | PAGE 11 Chinook Zn - Pb - Ag Sulphide Mineralisation Coarse Sphalerite - Galena - Pyrite ASX: RTR | PAGE 12 Scale comparison with Chinook Prospect Pering Zn - Pb Open Pit Mine, South Africa • Open Pit mined by Tier 1 company Shell - BHP Billiton between 1986 – 2004 for 17 Years • Historic production 20.5Mt of ROM ore milled at 2.6% Zn & 0.6% Pb • Average production 1.2Mt pa • 2 open pits to a depth of over 120m • S uccessful preconcentration dense media studies of the remaining Reserve at Pering (51.3Mt @ 1.1%Zn 0.3%Pb) by Mintek , South Africa for PBM Pty Ltd produced a 3 - 4 times enhancement of the feed grade (4.2%Zn and 1.0%Pb) prior to milling and floatation along with an 80% rejection of waste Image: Scale Comparison Map (top right) of Pering open pit over Chinook drilling (to scale) * https://red - pennant - communications.com/2020/10/05/updated - mineral - resource - model - of - pering - zinc - lead - deposit/ ASX: RTR | PAGE 13 Magazine Zn - Pb - Ag Prospect Geology, Structures and Intercepts • Like Chinook at Magazine Zn - Pb grades increase significantly near interpreted inferred extension feeder faults • Each inferred north north/west extension feeder fault potential higher - grade Zn - Pb - Ag over length of the planes ASX: RTR | PAGE 14 Sedimentary Hosted Deposits Tier 1 Scale Potential ASX: RTR | PAGE 15 Earaheedy Zn - Pb - Ag Sulphide Discovery First Stage Exploration Target Rumble’s first stage exploration target at the Earaheedy Project is between 100 to 120 million tonnes at a grade ranging between 3 . 5 % Zn - Pb to 4 . 5 % Zn - Pb Sulphide . The exploration target is at a shallow depth ( 120 m), and over 40 kms 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 17 holes for approximately 2500 m (RC/Diamond) (assays returned for 4 and 13 holes assays pending), 30 holes for 2690 m (three RC stages), 33 holes for 3593 m recently completed and diamond drilling of 4 holes for 1199 . 8 m completed by Rumble along with 64 historic RC drill holes completed within the project area (E 69 / 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) . . Earaheedy Zn - Pb Project – Exploration Target Range Tonnes Grade Lower 100,000,000 3.5% Zn + Pb Sulphide Upper 120,000,000 4.5% Zn + Pb Sulphide 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 Some of the considerations in respect of the estimation of the exploration target include : o Drilling results have demonstrated strong continuity of shallow, flat lying mineralisation ; o Over 45 km’s of prospective strike and open (refer image on page 6 ) ; o Minimum 600 m of width (based on shallow 7 . 5 ° and shallow depth to 120 m, based on drilling results . o True width (thickness) of mineralisation up to 34 metres received in drilling results ; and o Specific gravity (SG) of 2 . 5 (world average SG of sandstone – not accounting for metal) . ASX: RTR | PAGE 16 ? Initial 40,000 Metre Drill Program nearing completion only 9000m Assays received ? 1 Sonic Rig - Metallurgy & Reconciliation ? 2 Diamond Rigs - Geology Target inferred high - grade feeders at Depth ? 2 RC Drill Rigs - Scope limit of Chinook Test Geophysical Targets Discover New Prospects – 17km strike ? Metallurgy - Initial T estwork has commenced ? Gravity & Seismic - Analysis Ongoing ? Airborne Magnetics - Planned Earaheedy Zn - Pb - Ag Sulphide Discovery Next Steps ASX: RTR | PAGE 17 Pipeline of Projects De - risked Strategy Multiple Avenues to World Class Discoveries Clear Strategy Discovery History Project Development • 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 • De - risked due to multiple avenues to discovery • Fast track low - cost drill target generation • Drill first order targets for discovery • Technical team discovered multiple deposits that turned into mines • Board and Management experienced in developing discoveries into mines ASX: RTR | PAGE 18 Company Activity and Key Milestones Activity Nov - 21 Dec - 21 Rumble Primary Focus Earaheedy Project – 40,000m RC & Diamond drilling program ongoing 35,000m Completed only 9,000m Assays Received – Remaining Assays Pending Earaheedy Project – Airborne magnetics survey JV Partner Advancing Lamil JV Project – Drilling and Airborne EM Completed – Assays Pending Rumble – Low Cost High Impact Exploration Munarra Gully Project – Drilling EM Plates Completed – Assays Pending Wardawarra and Western Queen Project - Regional Exploration ASX: RTR | PAGE 19 Investor Contacts 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 Address: Level 1, 1 6 Ord St WEST PERTH, WA 6005 +61 8 6555 3980 Connect with Rumble : ASX: RTR | PAGE 20 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 . ? RTR confirms that it is not aware of any new information or data that materially affects the information contained in ASX announcement dated 2 August 2021 in relation to the Western Queen resource estimate . All material assumptions and technical parameters underpinning the mineral resource estimates continue to apply and have not materially changed . 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 18 th November 2021 , 10 th 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 Feb 2020 , 11 Feb . 2020 , 23 Jan 2020 , 26 November 2019 , 8 November 2019 , 21 November 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 along with Jv partner AICs (ASX : a 1 m) announcements 28 - 1 - 21 and 8 - 9 - 21 . 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 . References 1. Sedimentary Exhalative (Sedex) Zinc - Lead - Silver Deposit Model, Chapter N of Mineral Deposit Models for Resource Assessment, US Department of the Interior, U . S . Geological Survey, Reston, Virginia : 2016 https : //pubs . usgs . gov/sir/ 2010 / 5070 /n/sir 20105070 n . pdf 2. Page 10 - https : //www . 911 metallurgist . com/blog/SEDEX - sedimentary - exhalative - ore - deposits ASX: RTR | PAGE 21 Appendices ASX: RTR | PAGE 22 Western Queen Project (100% RTR) • Located within a 110 km radius of three operating gold processing mills • Resources on mining leases and strike extent on granted exploration permit • Potential for immediate development of open - pit and underground operations Resource Expansion Potential • Immediately below the current resources at WQ South and WQ Central • Between WQ Central and WQ South at Depth • Northeast along strike from the Duke Prospect • South along strike WQ South Western Queen Project – High - Grade System Open Pit & Underground Au Resources Cut - off g/t Classification Tonnes (t) Au g/t Contained Metal O/C @ 0.5 UG @ 1.5 Indicated 1,069,218 1.95 67,145 Inferred 1,027,954 2.91 96,123 Total 2,097,172 2.42 163,268 ASX: RTR | PAGE 23 Wardawarra Project – Large Scale System Ni - Cu - Co, Au & Ta - Nb - Sn - Li Prospects Wardawarra Project ( 100 % RTR) Western Queen Gold Deposit(s) – Extension • The inferred southern extension of the Western Queen Shear Zone extends into the Wardawarra Project (E 20 / 967 ) under 10 – 15 m of cover approximately 1 . 5 km south of the Western Queen South Pit . No drilling has tested the zone . • The inferred northern extension of the Western Queen Shear Zone has not been drill tested under cover 1 km north of the Western Queen Central Pit within M 59 / 208 and into the Wardawarra Project (E 20 / 967 ) . East Trixie Gold Prospect • The inferred southern extension of the mineralised Western Queen Shear Zone is interpreted to be associated with a series of historic gold prospects collectively known as East Trixie . High - Grade Au System • Historic High - Grade gold intercepts showcase the exploration upside along the Western Queen Shear Zone including : o 4 m @ 49 . 73 g/t Au from 134 m (QND - 38975 - 1 ) o 5 m @ 38 . 76 g/t Au from 193 m - (WQRC 188 ) o 8 m @ 26 . 27 g/t Au from 14 m (WQRC 155 ) o 7 m @ 60 . 6 g/t Au from 70 m – (WQJC - 32 ) o 6 m @ 37 . 34 g/t Au from 50 m – (QNC - 10310 - 1 ) o 6 . 4 m @ 36 . 09 g/t Au from 305 . 7 m (WQD - 1072 ) o 6 m @ 34 . 24 g/t Au from 354 m (WQRC 007 D) ASX: RTR | PAGE 24 Yinga Ni - Cu - Co Prospect Large Mineralised Ultramafic Complex • Historic drilling defined significant oxide Nickel, Copper and Cobalt at the Yinga prospect 5 km north of the Western Queen Gold Project . Intersections include : • 19 . 8 m @ 0 . 88 % Ni, 0 . 1 % Co from 10 . 7 m (PDH 16 ) o Including 9 . 1 m @ 1 . 26 % Ni from 19 . 8 m • 50 . 3 m @ 0 . 64 % Ni from 10 . 7 m (PDH 11 ) o Including 4 . 6 m @ 1 % Ni from 15 . 2 m • 39 . 6 m @ 0 . 63 % Ni, 0 . 08 % Co from surface (entire hole PDH 05 ) o Including 16 . 8 m @ 0 . 81 % Ni from 6 . 1 m • 25 . 9 m @ 0 . 69 % Ni from 13 . 7 m (PDH 14 ) • 22 . 5 m @ 0 . 69 % Ni from 12 . 5 m (DDH 1 – part assayed) all drill hole intersections are drill hole length • Nickel mineralisation defined over 1 . 8 km of strike with three prospective ultramafic horizons with potential for further parallel zones east of the Yinga Prospect • Historic drilling tested only the shallow oxide - transition zone highlighting significant potential for massive Nickel - Copper - Cobalt sulphides down dip/plunge and along strike ASX: RTR | PAGE 25 Tantalus Ta - Nb - Sn Prospect - Li Potential Large Pegmatite Field • A series of fertile pegmatites (Ta, Nb, Sn) occur along the eastern margin of the Wardawarra greenstone belt with the Wardawarra Project with only one pegmatite, the Tantalus Ta - Nb - Sn prospect tested by historic drilling • The Tantalus Ta - Nb - Sn Prospect is a large flat lying pegmatite over 600 m in strike and up to 60 m in width previously mined for alluvial tantalum, niobium and tin – Open along strike and at depth • No Lithium, Rubidium, Caesium or Rare Earth Elements assays completed ASX: RTR | PAGE 26 Munarra Gully Project - Large Scale System Amaryllis Au - Cu - Ag Prospect Amaryllis Prospect (E 51 / 1919 & E 51 / 1927 100 % RTR) ? Over 2300m of Au - Cu - Ag up to 50m wide mineralised strike ? Open to North - 15kms of strike Significant Au - Cu - Ag mineralisation : ? 57m @ 0.85 g/t Au, 0.27% Cu 4.2 g/t Ag from 100m (AMRc015) ? 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) ASX: RTR | PAGE 27 Amaryllis Au - Cu - Ag Prospect - Geological Comparison Chibougamau Au - Cu Shear Vein Deposit ? 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 ? Strong dip component to ore deposits - shoot like ? 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 . 1 km in depth . ASX: RTR | PAGE 28 Amaryllis Au - Cu - Ag Prospect Calytrix Au - Cu - Ag Zone ? Within Amaryllis, the Calytrix zone has previously reported drill intercepts > 1 g/t Au and 1 % Cu within its 350 m strike length ? Rumble recently completed 2 RC drillholes to 250 m angled depth (with optimal positioning 180 m apart along strike) to facilitate a DHTEM survey to identify conductive EM Plates that may represent high - grade Au - Cu - Ag deposits at depth ? Two subvertical semi - continuous high - order conductive EM plates were delineated at vertical depths of 120 to 150 m : o Calytrix TEM Plate A - 200 m in strike and 300 m deep ( 300 Siemens) o Calytrix TEM Plate B - 180 m in strike and 340 m deep ( 230 Siemens) ? Assays are pending for six diamond drill holes completed which subsequently tested the EM plates ? Initial visual observations are encouraging with stringer style Cu sulphide mineralisation observed in all six holes as anticipated - based on previous drilling results the Cu mineralisation is anticipated to have a correlation with Au - Ag - mineralisation ASX: RTR | PAGE 29 Lamil JV Project – Tier 1 System Lamil Dome Au - Cu Prospect (RTR 100 % - AIC Earning 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 . • Key target is Lamil Dome which has similar dome size, trend, & inferred hosts rocs to the nearby Telfer Au - Cu Dome deposit ( 32 Moz, 1 Mt Cu resource) Multiple Drill Programs • Maiden drilling program in 2020 confirmed : o Presence of prospective basement lithologies including metasedimentary rocks (quartz sandstones, siltstones, quartzite) and mafic intrusives (gabbro and dolerite) . o Sulphide minerals including pyrite, pyrrhotite and chalcopyrite were intersected in a number of holes . o Extensive alteration zones, including silicification, albitisation and carbonate - biotite - sericite - chlorite alteration . o These elements are indicators of hydrothermal fluid activity potentially associated with the development of intrusive related gold - copper mineral systems . • Follow - up RC drilling completed 8 , 800 m in October 2021 – Assays Pending Above: NQ2 core from diamond drillhole 20ALDD0003 showing typical brecciation at approximately 365m downhole Left: NQ2 core from diamond drillhole 20ALDD0003 showing pyritic quartz - carbonate veining at approximately 500m downhole ASX: RTR | PAGE 30 Braeside Project – Large Scale System 30+ High Priority Cu - Au - Zn - Pb - Ag Prospects Braeside Project ( 100 % RTR) • Regional Scale Porphyry, Epithermal and potential VMS province f racture system over 60 km in strike and 8 km in width • Over 30 high priority base metal prospets including : o Barkers Well Prospec t – 800 m long fracture zone with multiple high grade Pb breccia pipes o Camel Hump Cu Prospect - Wide zone of oxide stringer copper hosted in volcaniclastic siltstone and shale – VMS Potential ASX: RTR | PAGE 31 Barker Well Prospect High - Grade Pb - Zn - Ag Breccia Pipes High - Grade Lead - Zinc - Silver Intersected • Three steep dipping galena breccia zones defined over 800 m • Mineralisation is open in all directions • Drilling is shallow with 80 % of drilling to depth of only 50 m • High - grade galena (sulphide) starts at surface and is associated with sphalerite (Zn) and silver (Ag) hosted in andesitic basalts and volcaniclastics . ASX: RTR | PAGE 32 Camel Hump Cu Prospect Potential VMS Province Broad widths of Copper Intersected New copper discovery confirmed with shallow RC results: o 35 m @ 0 . 55 % Cu from 8 m (CHRC 010 ) ? Including : 8 m @ 1 % Cu from 11 m & o 37 m @ 0 . 46 % Cu from 19 m (CHRC 011 ) ? Including : 5 m @ 0 . 86 % Cu from 22 m & 6 m @ 1 % from 45 m ? 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 Page 27 ASX: RTR | PAGE 33 Warroo Project - Large Scale System Potential 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 ASX: RTR | PAGE 34 Thunderstorm & Thunderbolt Projects – Tier 1 System Themis and Pion Au Prospects 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 • IGO Gold Grain Study - Primary and secondary detrital gold crystals occur indicating High - grade Gold is potentially close to a primary source • Primary forms have block, crystal, and rod - like shapes with angular edges 50 µm 20 µm ASX: RTR | PAGE 35 Thunderdome JV Project – Tier 1 System Sailfish & Old Soldiers Ni - Cu Prospects Thunderdome JV Project (IGO 70% RTR 30%) Sailfish Ni - Cu Prospects • 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 Prospects • 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
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