Slide 1: A multi-commodity story
A multi-commodity story Earaheedy – globally significant Zn-Pb-Ag resource For personal use only Western Queen – multiple high grade Au lodes Wardawarra - potential new Li province Corporate Presentation| December 2023 Investor Presentation | May 2024 ASX: RTR
Slide 2: Disclaimer
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. T
Slide 3: Investment Highlights
Investment Highlights Earaheedy - potentially a world class project • Maiden Resource of 94Mt @ 3.1% Zn+Pb and 4.1g/t Ag (at a 2% Zn+Pb cutoff) For personal use only • Contained metal of 2.2Mt Zn, 0.7Mt Pb and 12.6Moz Ag • Large scale, low-cost open pit mining proposition in premier mining jurisdict
Slide 4: Capital raising overview
Capital raising overview • Up to A$4.0 million capital raising comprising: – A placement to institutional and sophisticated investors to raise approximately A$1.1 million (“Placement”); and For personal use only – A 1-for-10 non-renounceable entitlement offer of fully paid shares to eligible existin
Slide 5: Use of funds
Use of funds Majority of the funds to be spent on the following Sources of funds A$m For personal use only projects: Existing cash (31 March 2024)1 1.2 • Gold – Western Queen Project drilling to test for Placement 1.1 dip/plunge of a series of open for high-grade lode Entitlement Offer2 2.9 • Lithiu
Slide 6: Indicative offer timetable
Indicative offer timetable Event Date (2024) For personal use only Trading Halt Wednesday, 8 May Placement bookbuild conducted Thursday, 9 May Trading Halt lifted, announce completion of the Placement Friday, 10 May Settlement of new shares issued under the Placement Wednesday, 15 May Allotment and
Slide 7: Corporate Overview
Corporate Overview Capital Structure (ASX:RTR) Board of Directors Management For personal use only Shares On Issue (m) 702.9 Peter Harold Brett Keillor 1,2,5 Managing Director & CEO Technical Consultant Unlisted Options (m) 32.0 Market Capitalisation3 (A$m) ~33.0 Peter Venn Ben Jones Cash and Equiva
Slide 8: 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 pit
Slide 9: Our Other Projects - Gold, Lithium, Copper & PGEs
Our Other Projects - Gold, Lithium, Copper & PGEs For personal use only 9
Slide 10: Earaheedy – Major Zn/Pb/Ag Sulphide Discovery
Earaheedy – Major Zn/Pb/Ag Sulphide Discovery • Major sedimentary hosted base metal discovery in the Earaheedy Basin announced in April 2021 For personal use only Chinook discovery hole intersected: o 34m @ 4.22% Zn+Pb from 66m, incl. 15m @ 6.97% Zn+Pb, from 74m • Maiden JORC compliant Mineral Resou
Slide 11: Globally Significant Pit Constrained Maiden Resource
Globally Significant Pit Constrained Maiden Resource For personal use only 11
Slide 12: Exceptional Resource Growth Potential
Exceptional Resource Growth Potential • Inferred resources constrained to closer spaced drilling with For personal use only potential to significantly grow resources with infill and extension drilling • Exceptional resource expansion with deposits open in all directions • Mineralisation intersected
Slide 13: Metallurgy – Marketable Concentrate
Metallurgy – Marketable Concentrate PROSPECT CHINOOK TONKA Average Average • High zinc recoveries to 90% Zn in Composite A - EHS001/002 B - EDH019 C- EDH027 Tonka Combined cleaner concentrates For personal use only Host Unconformity Unconformity Dolomite Feed Grades • Coarse grind size (150 micron)
Slide 14: Metallurgy – No Penalty Elements
Metallurgy – No Penalty Elements Company New Century Glencore MMG Vedanta Zinc Teck Rumble For personal use only Project Century Mcarthur River Dugald River Gamsberg Red Dog Tonka Earaheedy % Unless otherwise stated Fe 3 5.9 11 8.9 5.0 6.6 Mn <0.15 <0.01 2 2.6 <0.01 <0.2 SiO2 5 4.6 3.5 2 4.5 1.35 Cd
Slide 15: Ore Beneficiation Benefits
Ore Beneficiation Benefits • Testwork is underway to determine if Earaheedy material will beneficiate, benefits include: o Potential to increase ore grade by 2-5 times, on average For personal use only o Removes waste early which can significantly lower the plant CAPEX and OPEX o Flotation recoverie
Slide 16: Targeted increases in regional holdings – over 70km strike
Targeted increases in regional holdings – over 70km strike For personal use only 16
Slide 17: Western Queen – High Grade Gold
Western Queen – High Grade Gold Highlights • Existing resource of 2.1Mt @ 2.42g/t Au for 163k oz For personal use only • Historical production of 880kt @7.6g/t for 215k oz • The last reported drill program at Western Queen South intersected multiple high-grade intervals in hole WQRC188 including: •
Slide 18: Western Queen – 2.7km zone – open in all directions
Western Queen – 2.7km zone – open in all directions For personal use only Western Queen Gold Deposit Longitudinal Section – Highlighting Previous Production, Resources and Potential New Resource Areas 18
Slide 19: Western Queen – Never Never Comparison
Western Queen – Never Never Comparison • Review and planning of the proposed deep drilling at the Western Queen Gold Project For personal use only is supported by Spartan Resources’ highly successful drilling programme at the Never Never Lode discovery and subsequent resource definition. • The Never
Slide 20: Western Queen South – proposed drilling
Western Queen South – proposed drilling • Western Queen South deposit has multiple high-grade zones, interpreted to plunge to the south over a strike of some 400m. • For personal use only The last reported drilling by Rumble intersected multiple high-grade gold zones within the southern plunge posit
Slide 21: Wardawarra – Potential Lithium Province
Wardawarra – Potential Lithium Province Western Pegmatite Zone and Lithium Creek Prospect • Exploration has highlighted a prospective 6km long trend containing multiple large For personal use only pegmatites along a granite – ultramafic contact, north of the Western Queen Gold Deposit • Pegmatites t
Slide 22: Wardawarra – Potential Lithium Province
Wardawarra – Potential Lithium Province Tantalus Prospect • For personal use only A single traverse of RC drilling has confirmed the potential for a large lithium bearing pegmatite system under shallow cover at the Tantalus Prospect. The Tantalus Prospect is a shallow east dipping weathered pegmatit
Slide 23: Sustainability
Sustainability • Diversity in the workforce For personal use only • Utilising the local community stakeholders and suppliers to create a positive contribution to the region • Recognise and engagement with traditional owners • Growing employment opportunities • Incorporate best practice environmental
Slide 24: Catalysts for re-rate of Rumble in 2024
Catalysts for re-rate of Rumble in 2024 1. Earaheedy For personal use only ▪ Drilling • Advance the recently delineated Mato Discovery • Target high-grade feeder zones at Chinook, Tonka and Navajoh to upgrade and expand the maiden resources ▪ Metallurgy • Optimise flotation recoveries and confirm or
Slide 25: Summary of key risks
Summary of key risks This section identifies the a reas that the dire ctors regard as the major risks associated with an investment in the Company. Investors should be aware that an investment in the Com pany involves many risks, many of which are outside of the control of the Company and its direct
Slide 26: Summary of key risks
Summary of key risks This section identifies the a reas that the dire ctors regard as the major risks associated with an investment in the Company. Investors should be aware that an investment in the Com pany involves many risks, many of which are outside of the control of the Company and its direct
Slide 27: Summary of key risks
Summary of key risks This section identifies the a reas that the dire ctors regard as the major risks associated with an investment in the Company. Investors should be aware that an investment in the Com pany involves many risks, many of which are outside of the control of the Company and its direct
Slide 28: Summary of key risks
Summary of key risks This section identifies the a reas that the dire ctors regard as the major risks associated with an investment in the Company. Investors should be aware that an investment in the Com pany involves many risks, many of which are outside of the control of the Company and its direct
Slide 29: Summary of key risks
Summary of key risks This section identifies the a reas that the dire ctors regard as the major risks associated with an investment in the Company. Investors should be aware that an investment in the Com pany involves many risks, many of which are outside of the control of the Company and its direct
Slide 30: Summary of key risks
Summary of key risks This section identifies the a reas that the dire ctors regard as the major risks associated with an investment in the Company. Investors should be aware that an investment in the Com pany involves many risks, many of which are outside of the control of the Company and its direct
Slide 31: Summary of key risks
Summary of key risks This section identifies the a reas that the dire ctors regard as the major risks associated with an investment in the Company. Investors should be aware that an investment in the Com pany involves many risks, many of which are outside of the control of the Company and its direct
Slide 32: Foreign selling restrictions
Foreign selling restrictions This document does not constitute an offer of new ordinary sha res (“Ne w Shares”) of the Company in any jurisdiction in which it would be unlawful. In particula r, this document may not be distributed to any pers on, and the New Sha res may not be offered or sold, in an
Slide 33: Foreign selling restrictions
Foreign selling restrictions This document does not constitute an offer of new ordinary sha res (“New Shares”) of the Company in any jurisdiction in which it would be unlawful. In particula r, this document may not be distributed to any pers on, and the New Sha res may not be offered or sold, in any
Slide 34: Contact
Contact For personal use only Peter Harold Managing Director & CEO info@rumbleresources.com.au +61 8 6555 3980 www.rumbleresources.com.au Level 1, 16 Ord Street, West Perth, WA 6005 https://www.linkedin.com/company/ rumble-resources-ltd https://twitter.com/RumbleResources 34
Slide 35: Appendices
For personal use only Appendices 35
Slide 36: Chinook: Resource Growth Potential
Chinook: Resource Growth Potential • 8km x 2km Navajoh Unconformity Zn-Pb For personal use only mineralisation remains open along strike and down dip • Chikamin and Kalitan high- grade feeder enrichment zones (>5%) Zn-Pb remain open • Potential to discover further high-grade MVT and fault related re
Slide 37: Chinook Deposit: Optimised Pit
Chinook Deposit: Optimised Pit • Optimised pits highlight potential for a large tonnage, low-cost For personal use only open pit mining scenario • Higher grade zones close to surface highlight optionality • Optimised open pits constrained to depth of drilling • Significant resource growth potential
Slide 38: Tonka and Navajoh: Resource Growth Potential
Tonka and Navajoh: Resource Growth Potential • 11km x 2km Navajoh Unconformity Unit hosted Zn-Pb mineralisation For personal use only remains open along strike and down dip • Colorado, Magazine and Navajoh high-grade feeder enrichment zones (>5%) Zn-Pb remain open • Mineralisation intersected in bro
Slide 39: Tonka and Navajoh: Resource Growth Potential
Tonka and Navajoh: Resource Growth Potential For personal use only 39
Slide 40: Flat Lying Ore Zones - Open Pit Potential
Flat Lying Ore Zones - Open Pit Potential • Shallow and flat lying Zn-Pb mineralisation hosted in Navajoh For personal use only Unconformity Unit Sweetwaters Well Dolomite - Only formations tested to date • Potential large scale open pit mine development • Potential free dig scenario – Low-cost wast
Slide 41: Exploration Success – Mato Discovery
Exploration Success – Mato Discovery New Mato Discovery – 10km west of Chinook has the hallmarks of a large mineralising system which potentially could further enhance the potential For personal use only economics and development of Earaheedy into a world class base metal camp. • 16m @ 5.09% Zn + Pb
Slide 42: Exploration Success – Mato Discovery
Exploration Success – Mato Discovery For personal use only 42
Slide 43: Mato Resource Potential
Mato Resource Potential For personal use only 43
Slide 44: Beneficiation – DMS/ Ore Sorting/ Hydrofloat testing
Beneficiation – DMS/ Ore Sorting/ Hydrofloat testing • Dense media separation (DMS) is one of several preconcentration methods used in early For personal use only waste rejection of ores at coarse particle sizes, before additional milling and flotation. • Initially used in the diamond, coal and iron
Slide 45: DMS Analogy: Pering Open Pit Mine, South Africa
DMS Analogy: Pering Open Pit Mine, South Africa • Pering Zinc-Lead discovery made in 1978 by BHP Billiton Pering Zn-Pb Open Pit Mine, South Africa • For personal use only 70km Southwest of Vryburg, Northwest region of South Africa • Mined by a joint venture comprising Shell & BHP Billiton • 20.5Mt m
Slide 46: Forecast Zinc Production and Future Supply Deficit
Forecast Zinc Production and Future Supply Deficit • Zinc inventories at historic lows For personal use only • Supply Deficit - 4 out of 10 major producers estimated to have less than 10 years remaining of mine life • Supply - Expected to fall 3.5% pa to 2030 due to depleted mines • Demand - Signifi
Slide 47: Global Zinc Uses
Global Zinc Uses Overview Uses For personal use only • Zinc is one of the most versatile and essential materials • 4th most used metal in the world behind iron, aluminum, and 5% 2% Galvanising copper 9% Die-cast alloy • Primary use of zinc is in the galvanizing – 60% of demand • Zinc can be alloyed
Slide 48: Zinc’s Role in a Low-Carbon Economy
Zinc’s Role in a Low-Carbon Economy Zinc is a critical mineral for renewal energy storage For personal use only Offshore wind turbines require a zinc coating to Zinc handle extreme coatings environmental conditions protect solar panel 1 Zinc is a key ingredient in battery technology that enables fix
Slide 49: Zinc Uses in Renewables
Zinc Uses in Renewables Accelerated investment and adoption of renewable energy is leading to growing zinc demand For personal use only 61% 136,000 Zinc (Tonnes) 107% 14,000 162,000 150,000 300 85,000 62,000 66,000 24,000 2020 2025* 2030* Source: CRU, IRENA Offshore wind Solar Storage battery * Proj
Slide 50: Peer Comparison Source Information
Peer Comparison Source Information For personal use only 50