Rumble Resources

Primary ticker: ASX:RTR
Stage of development: Exploration
Commodity: Gold, Copper, Silver, Zinc, Lead
Project location: Australia
Company presentation: click here

Live financials

Cash: AUD$2.9M (May 2020)
Debt: Nil

Major shareholders:
Board and Management – 9.6%
Top 20 – 36.3%

Rumble Resources Ltd is an Australian-based ASX listed exploration company with a clear strategy of generating and drill testing a pipeline of exploration projects capable of high-grade world-class discoveries.

Rumble is focussed on High-Grade Gold Discoveries at the Western Queen Project and advancing Multiple Tier 1 Projects

Management Profile

Shane Sikora – Managing Director

Shane Sikora is a founding member and Managing Director of Rumble, having been General Manager from 2011 then CEO from mid-2013 through to mid-2015, prior to joining the Board as MD. During that time Mr Sikora has been instrumental in project acquisitions, operations management and securing financial partners.

Previous to Rumble Mr Sikora acquired over 10 years corporate experience in business development, strategic planning and project management. Mr Sikora has been involved across many aspects of the exploration industry including capital raisings, IPO’s, project acquisitions, joint ventures, tenement management and corporate governance.

Mr Brett Keillor -Technical Director

Brett Keillor is a geologist with over 30 years’ experience in the mining industry working across a diverse range of commodities. He has worked and reviewed exploration and development projects across the globe with Resolute Mining Ltd (ASX: RSG) and was recently Chief Geologist (Gold) for Independence Group NL (ASX: IGO) from 2002 to 2015.

Brett was involved in the discovery of the Marymia gold deposit (1987 – 1994), from grass roots to first gold production and the Plutonic gold discovery in 1987. He also initiated exploration with Indee that led to the discovery of seven gold deposits in the Mallina Shear Zone. One of his most significant involvements was the initial targeting that led to the discovery of the Tropicana gold deposit for IGO. Brett is twice recipient of the AMEC Award “Prospector Of The Year”, for the Marymia discovery in 1998, and again in 2012 for the Tropicana discovery. In recent years played a significant part in the discovery of the Bibra (Karlawinda) gold deposit.

What is your rationale for attending 121 Mining Investment?

To highlight recent announcements, discoveries and update on projects. Rumble is interested in attracting cornerstone, sophisticated and institutional investors to become shareholders on this exciting journey.

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

  • Drilling Identifies Multiple High-Grade Gold Shoots at the Western Queen Project (Western Queen High-Grade Gold Open Pit historic production 190,000 oz @ 8.9 g/t Au), JV Partner IGO to commence drilling first order Ni-Cu-Au targets on our Fraser Range Project, JV Partner AIC identifies multiple new gold-copper targets to be drill tested at the Lamil Project in the Paterson Province, Drilling Confirms Large-Scale Gold Copper Silver System at the Munarra Gully Project and Drilling Confirms Large Scale Zn-Pb-Ag Discoveries at the Earaheedy Project.

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

3 Months:

Rumble Focus – Major drill program targeting high-grade shoot targets at Western Queen Au Project and JV Partner IGO drilling compelling Fraser Range Ni-Cu & Au targets (Both June 2020)

6 Months:

JV Partner AIC Mines drilling significant Au-Cu targets at the Lamil Project in the Paterson Province (September 2020 Quarter), Drilling stepping out Large-Scale Gold-Copper-Silver System at the  Munarra Gully Project (September 2020) and drilling stepping out large-scale Zn-Pb-Ag discoveries at the Earaheedy project (October 2020).

What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?

Conducting systematic exploration requires a depth of understanding of the local geology, whilst running an exploration capital requires working capital. The risks associated with Rumble include the ability to fund working capital and geological inconsistencies. Rumble has an experienced team well versed to both understand the geology and access capital markets for funding, both required to deliver the best results for Rumble’s shareholders.

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

Multiple near-term discovery catalysts

  • Drilling Proven High-Grade Gold System – Rumble Focus
  • Drilling 2 x ‘Tier 1’ Large Scale Systems
  • Drilling 2 x ‘Tier 1’ Targets – JV Fraser Range & Paterson Province