Rumble Resources

Financials:

Primary ticker: ASX:RTR
Stage of development: Exploration
Primary minerals: Zinc, Lead, Silver, Copper
Project to promote: Earaheedy Project
Project location: Australia
Website: rumbleresources.com.au

Rumble Resources Ltd is an ASX listed Australian-based exploration company focused on rapidly advancing the major Zinc-Lead-Silver sulphide discovery at the Earaheedy Project in the world class mining jurisdiction of Western Australia.
 
The project has a globally significant zinc-lead mineralised footprint of 13km by 2km that is open in all directions, zinc sulphide dominant, flat lying and shallow which has the potential for a low-cost, open pittable mining scenario. The Earaheedy Projects initial exploration target is 100 – 120 million tonnes at 3.5% to 4.5% zinc-lead sulphide at open pittable depths which puts the discovery into the giant category, representing one of the largest zinc discoveries in recent history.
 
Rumble has recently defined multiple high grade >5% >8% Zn-Pb domains over kilometres in feeder zones with a multitude of newly identified feeders yet to be tested throughout the project. To date Rumble has drill tested less than 15% of the prospective combined mineralised strike, highlighting the provincial scale ‘Tier 1’ potential. 
 
Zinc is a Critical Mineral in the USA and will play a key role as a future facing commodity in the emerging Low-Carbon Economy with renewable energy storage in solar, wind farms & batteries along with being the preferred material for electric vehicles.
 
Rumbles management team have a highly successful track record of major discoveries and mine development.


Cash: AUD$17.9M (as of 30 Jun 2022)
Debt: NIL


Major shareholders:
Board and Management – 9%

Top 20 – 31%

Management Profile

Shane Sikora – Managing Director
Mr Sikora is a founding member of Rumble before becoming Managing Director in mid 2015. During that time Mr Sikora has been instrumental in project acquisitions, operations management, public relations and securing joint venture and financial partners.


Mr Sikora acquired has over 20 years corporate experience in business development, strategic planning, project management and has been involved across many aspects of the exploration industry including capital raisings, Public Relations, IPO’s, project acquisitions, joint ventures, compliance and corporate governance.

 

Peter Venn – Non-Executive Director

Mr Venn is a geologist with more than 32 years’ resources industry experience and achievement. He has established and led highly successful teams and been closely involved in the exploration, acquisition, evaluation, and development of more than 10 mining operations, including Syama, Golden Pride, Obotan in Africa and Ravenswood, Chalice, Higginsville, Marymia and Mertondale in Australia.

 

His most recent managerial positions have been as Managing Director of Margosa Graphite Limited, an emerging producer of vein graphite in Sri Lanka, and Chief Business Development Officer with Resolute Mining Limited, where his role included supervision of all technical aspects of exploration, resource development, feasibility, and oversight during design/construction/commissioning of a 1.5Mtpa Oxide Processing Facility at the Syama Gold Project in Mali, West Africa.

What is your rationale for taking part 121 Mining Investment?

We are looking to introduce our story to institutional funds, family offices and HNW’s. Rumble Resources is only interested in discussions with potential equity investors and is not interested in hybrid finance such as equity draw-down facilities or convertible notes.

What recent news would you like to highlight to investors attending?

3 Nov 2022 – High Grade System Discovery Chinook inc. 3.37% Cu 4450g/t Ag
 
29 Sep 2022 – New 2.2km High Grade Chikamin Feeder Zone extends Chinook
 
30 Aug 2022 – High grade Zn-Pb drill intercepts at Tonka
 
23 Aug 2022 – Significant Zones of Zn-Pb Sulphides Intersected

What are your key goals for the next 3, 6 and 12 months?

3 Months:

Earaheedy Project:
Develop a preliminary flowsheet for the sulphide flotation concentrate – Metallurgy
Ongoing RC drilling has been targeting high-grade feeders at the Chinook West Extension – Assays pending
 

6 Months:

Earaheedy Project:
Maiden Resource Estimate at the Earaheedy Project
Large scale drill program targeting new discoveries within the 15% untested throughout the project and expanding on known mineralised footprints

What do you think makes your company such a compelling investment?

Rumble believes the Earaheedy Project represents one of the largest zinc discoveries in recent history which will play a key role as a future facing commodity key to a Low-Carbon Economy. Its a compelling time to invest pre resource which is to be announced in 2023.

What are the top 3 key investor takeaways?

Initial Exploration Target 100-120Mt (3.5% – 4.5% Zn-Pb Sulphide) – Globally significant 

discovery which sits in the Giant category 

 

Provincial scale, Tier 1 potential – Less than 15% of combined strike tested to date

 

Maiden JORC Resource in 2023