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Rumble Resources Limited (ASX:RTR)

ALERT: Price-sensitive ASX Announcement for RTR
Current share price for RTR : $0.045 0.007 (18.42%)+
Announcement
Release
27 Nov 2025 9:38AM
Price at Release
$0.038
Full Release
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Summary
Rumble Resources Limited has conducted a Western Queen South Scoping Study that focuses on the underground mining of the high-grade gold resource at Western Queen South. The study indicates a production target of 617,000 tonnes at a grade of 2.95 g/t for approximately 58,500 ounces of gold. The project is expected to generate a free cash flow of $133 million, with a Net Present Value (NPV) of $112 million at an 8% discount rate and an Internal Rate of Return (IRR) of 370%. Sensitivity analyses were conducted on various parameters including gold price, exchange rate, and operating costs. The study highlights potential for underground resource growth, open pit resource expansion, and regional exploration opportunities, along with a focus on tungsten resources. However, the study remains at a scoping level, and no ore reserves have been estimated. Ongoing drilling and development are expected to enhance the project’s economic viability.
Key Points
  • Production target for Western Queen South is 617,000 tonnes at 2.95 g/t gold.
  • Expected free cash flow of $133 million with an NPV of $112 million at 8% discount rate.
  • Internal Rate of Return (IRR) is projected at 370%.
  • Sensitivity analyses conducted on key economic variables.
  • Potential for resource growth in both underground and open pit mining.
  • Project remains at a scoping study level; no ore reserves estimated.
  • Focus on additional resource growth opportunities, including tungsten.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.