Rumble Resources Limited · ASX:RTR
Rumble Resources — Shareholder Meeting (November 2025)
26 slides from Rumble Resources's shareholder meeting presentation, Nov 28, 2025
Slide 1: Chairman's Address to AGM
ASX ANNOUNCEMENT 28 November 2025 Chairman’s Address to AGM Dear fellow directors, staff and shareholders, Welcome to the 2025 Rumble AGM, my first AGM as Chairman of Rumble, although I have been on the board since July 2022. As you are aware it has been a very busy twelve months with our focus shif
Slide 2: Chairman's Address to AGM (continued)
program is designed to both extend the resources down plunge and convert more resources to the Indicated category. Given the success of the recent drill programs and the strong gold price environment, which is forecast to continue, our strategy with Western Queen is as follows: • continue exploring
Slide 3: Annual General Meeting Presentation
For personal use only N E A R T E R M GOLD PRODUCTION & E X P L O R AT I O N U P S I D E M U LT I - C O M M O D I T Y E X P O S U R E Annual General Meeting Presentation 28 November 2025 A S X : R T R
Slide 4: 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 VISION at the date of the presentation. The information is provided in summary form and does not purport to be complete. This
Slide 5: Corporate Overview
CORPORATE OVERVIEW ~$0.04 ~1,310M ASX:RTR BOARD OF DIRECTORS SHARE PRICE (28 Nov SHARES ON ISSUE TICKER 2025) PETER HAROLD Managing Director & CEO ~$51M ~$7.5M ~$43.5M For personal use only PETER VENN Technical Director MARKET CAP CASH & EQUIVALENTS3 ENTERPRISE VALUE GEOFF JONES Non-Executive Chairm
Slide 6: Why Invest in Rumble?
WHY INVEST IN RUMBLE? WESTERN QUEEN – Gold & Tungsten ✓ Near term cashflow from high-grade gold deposits ✓ Resource growth already & potential to increase For personal use only • Oct 2024 - from 163koz to 287koz Au1 • July 2025 - from 287koz to 370koz Au2 • Nov 2025 – WQ South Scoping Study released
Slide 7: Our Projects
OUR PROJECTS WESTERN QUEEN Gold Resources – NEAR TERM GOLD PRODUCTION & DISCOVERY upgraded to POTENTIAL 370kozs • Recent significant increase in gold Resources ounces For personal use only and grade @3.1g/t Au1 • Potential to quickly grow the gold resources with extensional drilling • Near-term gold
Slide 8: Western Queen – High-Grade Gold, Near Term Production
WESTERN QUEEN – HIGH-GRADE GOLD, NEAR TERM PRODUCTION • Mineral Resource Estimate (MRE) now 3.72Mt @ 3.1g/t Au for 370,000oz1 a 53% grade increase • Historical production – 880kt @ 7.6g/t Au for For personal use only 215koz • Near-term production – WQ South Scoping Study confirms quick start, very l
Slide 9: Western Queen – Global Resource Grade Up 53% to 3.1g/t
For personal use only WESTERN QUEEN – GLOBAL RESOURCE GRADE UP 53% TO 3.1G/T Western Queen Gold Deposit Longitudinal Section – Highlighting Previous Production, Resources and Potential New Resource Areas 7
Slide 10: Western Queen – 29% Increase in Contained Gold to 370,000 oz
WESTERN QUEEN – 29% INCREASE IN CONTAINED GOLD TO 370,000 OZ Western Queen MRE 23 July 20251 For personal use only • 53% increase in average grade to 3.1g/t Au • 29% increase in global ozs • Low discovery costs 1 refer Company’s ASX Announcement 23 July 2025 8
Slide 11: Western Queen – Never Never Comparison
For personal use only WESTERN QUEEN – NEVER NEVER COMPARISON Western Queen South comparison to Spartan/Ramelius Never Never lode (to scale) 9 9
Slide 12: Western Queen Exploration – Infill & Growth Phases (South)
WESTERN QUEEN EXPLORATION – INFILL & GROWTH PHASES WQ South Next Phases 1. Extensional/Growth drilling For personal use only 2. Infill - Inferred to Indicated • Red holes = 60x60m extensional/Growth • Proposed extensional drilling aims to extend mineralisation ~250m down plunge of previous drilling
Slide 13: Western Queen Exploration – Infill & Growth Phases (Central)
WESTERN QUEEN EXPLORATION – INFILL & GROWTH PHASES WQ Central Next Phases 1. Extensional/Growth drilling For personal use only 2. Infill - Inferred to Indicated • Red holes = 60x60m Extensional/Growth • Proposed Extensional/Growth drilling aims to extend mineralisation ~200m down plunge of previous
Slide 14: Western Queen Exploration – Drilling Underway
WESTERN QUEEN EXPLORATION – DRILLING UNDERWAY Objectives of current 20,000m diamond program • Discover more Gold Resources - targeting high-grade, down-plunge extensions to the WQ South and Central, testing the Never Never analogy For personal use only • Upgrade Inferred to Indicated Resources - A s
Slide 15: Western Queen – Other Targets Along the Shear Zone
WESTERN QUEEN – OTHER TARGETS ALONG THE SHEAR ZONE Gold Targets ❑ On Mining Leases • Over the 2km strike between the Duke and For personal use only Cranes deposits • Limited RAB drilling with an average end of hole depth of less than 20m and only three RC holes • Limited historical drilling at Crane
Slide 16: Pathway to Production – WQ South Scoping Study
PATHWAY TO PRODUCTION – WQ SOUTH SCOPING STUDY Key finding of Western Queen South Study1 • Production Target – 617kt @ 2.95g/t for 58.5koz Au For personal use only • Free Cashflow - $133M • NPV - $112 at 8% discount rate 90m • IRR – 370% • AISC – A$2,970/oz • Upfront capex – circa $10M • Short start
Slide 17: Production – Next Steps & Growth
PRODUCTION – NEXT STEPS & GROWTH Western Queen South WQ Central Pit Next Steps Production Target • Obtain all necessary approvals and permits 27 Nov 25 Scoping Study WQ South Pit For personal use only • Execute ore tolling or ore sale agreement • Secure project financing/make FID • Convert more Infe
Slide 18: More Potential – Tungsten
MORE POTENTIAL – TUNGSTEN Significant Intersections1 & 2 WQDD013 intersections: For personal use only • 4m @ 4.58% WO3 & 0.72g/t Au from 174.85m including • 2.05m @ 8.71% WO3 & 1.38g/t from 176.85m and • 0.65m @ 18.35% WO3, & 2.97g/t Au from 176.85m MXDD003: • 11.5m @ 1.46% WO3 WQDD019: • 26m @ 0.62
Slide 19: Tungsten – Maiden Resource – 13.2kt WO3
TUNGSTEN – MAIDEN RESOURCE – 13.2KT WO31 The maiden resource includes open, higher grade zones, which For personal use only at a 0.3% WO3 cutoff result in 1.44Mt @ 0.51% WO31 Western Queen maiden resource compared to Almonty’s Sangdong Resources Note 2 1 refer Company’s ASX Announcement 11 August 20
Slide 20: Earaheedy – Globally Significant Zn/Pb/Ag Resource
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 For personal use only 2.2Mt Zinc, 0.7Mt Lead and 12.6Moz Silver of contained metal • Large scale, low-cost open pi
Slide 21: Globally Significant Pit Constrained Maiden Resource
For personal use only GLOBALLY SIGNIFICANT PIT CONSTRAINED MAIDEN RESOURCE1 19
Slide 22: Exceptional Resource Growth Potential
EXCEPTIONAL RESOURCE GROWTH POTENTIAL • Inferred resources constrained to closer spaced drilling with potential to significantly grow resources with infill For personal use only and extension drilling • Exceptional resource expansion with deposits open in all directions • Mineralisation intersected
Slide 23: Other Projects
OTHER PROJECTS Thunderstorm - Au • Potential to host major palaeochannel/basement gold deposits For personal use only • Near surface high-grade intersections: • 16m @ 6.69g/t Au from 42m • 6m @ 9.15g/t Au from 48m • 10,000m aircore and RC drill program being planned for FY26 Earaheedy – base metals
Slide 24: Fraser Range – Thunderstorm Gold Project
FRASER RANGE – THUNDERSTORM GOLD PROJECT • Acquisition • Rumble has acquired the remaining 70% from IGO • 3 tenements – E28/2528, 2595, 2529 • $300k in Rumble stock & 1.05% NSR For personal use only • Gazelle Discovery • Prior wide spaced AC drilling on 1,500m traverses returned high-grade paleo cha
Slide 25: Key Deliverables
KEY DELIVERABLES POSITIONED FOR CASHFLOW & FUTURE RESOURCE GROWTH Driving value through exploration success and key milestone For personal use only achievements to enhance shareholder returns. Western Queen Earaheedy Other Projects Recognition of Au & WO3 Zn,Pb,Ag Au, Cu, PGMs True Value • Aim to gr
Slide 26: Connect With Us
CONNECT WITH US For personal use only Peter Harold Managing Director & CEO info@rumbleresources.com.au +61 8 6555 3980 rumbleresources.com.au Level 1, 16 Ord Street, West Perth, WA 6005 https://www.linkedin.com/company/ rumble-resources-ltd Rumble Resources Ltd (@RumbleResources) / X 24
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