InvestSMART

Rumble Resources Limited (ASX:RTR)

ALERT: Price-sensitive ASX Announcement for RTR
Current share price for RTR : $0.047 0.01 (27.03%)+
Announcement
Release
22 Dec 2025 8:46AM
Price at Release
$0.037
Full Release
download
Summary
Rumble Resources Limited (ASX: RTR) has released an update on the Western Queen Gold Project, highlighting significant progress in its exploration and mine development activities. The ongoing diamond drilling program aims to expand the gold and tungsten resources with 25 holes already completed, and assay results expected in early 2026. A Scoping Study for the Western Queen South underground project indicates a robust project with substantial economic potential, emphasizing low pre-development capital of less than $10 million and an IRR of 370% at a gold price of A$5,540/oz. The company is negotiating a toll milling agreement with Gylden Resources Pty Ltd for processing ore at the Kirkalocka plant and plans to finance the project development primarily through debt. Additionally, metallurgical testwork for tungsten is underway to optimize the processing flowsheet. Rumble is focused on converting inferred resources into indicated categories to enhance the project's resource base.
Key Points
  • Diamond drilling program underway with 25 holes completed.
  • Scoping Study reveals robust project economics for Western Queen South.
  • Negotiation of toll milling agreement with Gylden Resources.
  • Project development to be primarily funded through debt.
  • Metallurgical testwork for tungsten to determine optimal processing.
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.