Rumble Resources (ASX: RTR)

Wilson Asset Management has tipped Rumble Resources, with it’s growing zinc assets, with a A$40 cent target price.

The current market price is just 18 cents.

 

 

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Rumble Resources	ASX : RTR
Stage	Exploration
Metals	Zinc, lead, silver,copper
Market cap	A$119 m   @ 19c
Location	Wiluna, Western Australia

 

 

 

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Rumble Resources Tipped by Wilson Asset Management

 

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Rumble Resources (ASX: RTR)

Wilson Asset Management, based in Sydney,  has tipped Rumble Resources, with it’s growing zinc assets, with a A$40 cent target price.

The current market price is just 18 cents.

Rumble is focused on the  Earaheedy Zinc-Lead project, located some 110km northeast of Wiluna, in Wstern Australia.

They declared a maiden resource for Earaheedy in April this year of 94Mt @ 3.1 per cent Zn+Pb and 4.1g/t Ag (at a 2 per cent Zn+Pb cut-off). This resource places Earaheedy as one of the largest zinc sulphide discoveries globally in the past decade.

Interestingly, the large maiden resource came only two years after the initial discovery hole, which is quite an achievement.

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If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com

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City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

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Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

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Disclosure

At the time of writing the author holds shares in Rumble Resources

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