Rumble Resources (ASX: RTR)

Matthew Banks, a non-executive director of Rumble Resources, bought north of $155,000 worth of the company’s stock in an on-market transaction.

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Rumble Resources Earaheedy map

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Rumble Resources Significant Director Purchase

Matthew Banks, a non-executive director of Rumble Resources, purchased 823,661 shares at a price of 19 cents, costing more than A$155,000.

This is a significant value transaction, and a bold statement in Mathew’s confidence in the company and its strategy.

Directors don’t always get buys in their own stocks right of course, but this does look like one that may prove savvy in the fullness of time.

Last year another NED, Michael Smith, bought 500,000 units at a cost of 30 cents each, highlighting the point made above, but also the fact that he too is confident in the eventual outcome of the project.

Rumble Resources’  main project is the Earaheedy zinc-lead sulphide deposit in Western Australia, of which it owns 75%.

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To read the full news release, please click HERE

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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.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

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This website is not sponsored, we are truly independent, and will always remain so.

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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To read our full terms and conditions, please click HERE

Rumble Resources (ASX: RTR)

Announced today a maiden, open-pit constrained, Inferred Mineral Resource Estimate (MRE) for the recently discovered Chinook, Tonka and Navajoh zinc deposits that make up the Earaheedy Joint Venture Project. 

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Rumble Resources – Earaheedy location map

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MAIDEN MINERAL RESOURCE Earaheedy (Zn-Pb-Ag) Joint Venture

Rumble Resources Limited, (ASX:RTR) announced today a maiden, open-pit constrained, Inferred Mineral Resource Estimate (MRE) for the recently discovered Chinook, Tonka and Navajoh zinc deposits that make up the Earaheedy Joint Venture Project.
▪ Refer to Rumble’s appended ASX Release, for full details of the maiden MRE*.
▪ The Earaheedy Joint Venture Project is located 110km northeast of Wiluna in central
Western Australia and comprises, exploration licence E69/3464, mining lease M69/150 and miscellaneous licence L69/58.
▪ Zenith, through its wholly owned subsidiary, Fossil Prospecting Pty Ltd, holds a 25% noncontributing equity in the Earaheedy Joint Venture Project and is free carried by Rumble through to the completion of a Bankable Feasibility Study (BFS).
▪ Upon completion of a BFS Fossil may, within 90 days, elect to contribute its share to future funding obligations or convert to a 1.5% net smelter royalty.
▪ Both Fossil and Rumble retain pre-emptive rights over the Earaheedy Joint Venture Project tenure

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To read the full news release please click HERE

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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.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

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,

This website is not sponsored, we are truly independent, and will always remain so.

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 is not a shareholder of Rumble Resources, bought in the market at the prevailing price on the day of purchase.

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Rumble Resources (ASX: RTR)

CEO Shane Sikora presented a new corporate presentation to the RUI Explorers Conference in Australia recently.

This is an impressive summary of where the company is now, and the potential expansion of their projects to giant status. 

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Rumble Resources – Earaheedy location map

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Rumble Resources New Corporate Presentation at the RIU Conference

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Rumble Resources CEO Shane Sikora presented a new corporate presentation to the RUI Explorers Conference in Australia recently.

This is an impressive summary of where the company is now, and the potential expansion of their Western Australian exploration projects to giant status.

Zinc is the predominant metal, with lead credits.

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Company Highlights

The flagship Earaheedy project is located  110km north of Wiluna, Western Australian in the Earaheedy Basin.

Rumble owns 75% of E69/3464 and Zenith Minerals Ltd (ASX: ZNC) owns 25%.

Rumble also has two contiguous exploration licenses, ELA69/3787 and ELA69/3862 that is held 100%.

Since the Major Sedimentary hosted base metal discovery in April 2021, drilling has uncovered a rapidly expanding world class scale Zn-Pb-Ag-Cu base metal system, with the drilling continuing to make discoveries and new multiple large-scale targets emerging.

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To read the Earaheedy Project Summary, please click here

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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.

Our audience consists of investors selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

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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Rumble Resources (ASX: RTR)

Announced the metallurgical results from the initial sighter program focused on the transition / fresh sulphide ores selected from the Chinook and Tonka Prospects at the Earaheedy Project, located 110km northeast of Wiluna, Western Australia. 

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Rumble Resources Earaheedy map

Rumble Resources Report Exceptional Metallurgical Results, High Zinc Recoveries and Concentrate Grades

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Rumble Resources Limited (ASX: RTR) (“Rumble” or “the Company”) is pleased to
announce the metallurgical results from the initial sighter program focused on the
transition/fresh sulphide ores selected from the Chinook and Tonka Prospects at the
Earaheedy Project (“Earaheedy” or the “Project”), located 110km northeast of Wiluna,
Western Australia.

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Highlights

• Outstanding initial flotation test work results from zinc sulphide dominant ores across
the Earaheedy Project has resulted in:
o High zinc recoveries to 90% Zn in cleaner concentrates
o Coarse primary grind size of 150 micron
o Fast flotation kinetics with clean sulphide separation using site water
o Simple and conventional processing flowsheet recovers a bulk zinc
concentrate with metal credits utilising an uncomplicated and lower
dosage reagent scheme
o Zinc concentrate grades to 59% Zn, with no significant deleterious
elements, supporting a very marketable product
• Initial metallurgical results backed by fast kinetics at coarse grind sizes support a
potential simple low Capex and Opex flowsheet for the Earaheedy Zn–Pb Project
• Recoveries and concentrate grades are at the higher end of global benchmarks
when compared to current zinc developer / producers
• Considerable potential for additional improvements through metallurgical
optimisation test work and value add beneficiation studies planned for 2023
• JORC Mineral Resource Estimate to be brought forward to the first half of 2023

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Shane Sikora, Managing Director of Rumble Resources commented:

“This is an exciting step forward for the project. The metallurgical test work carried out on the zinc sulphide dominant mineralisation has returned exceptional recoveries and grades via a simple and straightforward flotation process delivering a clean and highly marketable bulk concentrate.

 

“It compares favourably to current zinc producers and is positioned in the higher end of globally reported benchmarks.

 

“Furthermore, these recoveries have been achieved at coarse grind sizes with an uncomplicated reagent scheme supporting a simple and conventional process flowsheet that will potentially result in much lower capital and operating costs to those typically observed in many zinc operations of this scale.”

 

“Work continues on the maiden JORC compliant Mineral Resource Estimate (MRE) for the Earaheedy Project for which we are now aiming to announce in the first half of 2023.

“This maiden MRE, in combination with the excellent metallurgy, open–pittable depths, provincial scale and being located in a Tier 1 mining jurisdiction will assist to establish the Earaheedy Project as a World Class zinc deposit and future producer of this critical future–facing commodity.”

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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.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

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.

.

.

Disclosure

At the time of writing the author holds no shares in Rumble Resources.

.

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Rumble Resources Limited (ASX: RTR)

Announced significant new drilling results at the Chinook zinc-lead-silver- copper prospect located within the Earaheedy Project, located 140km northeast of Wiluna, Western Australia.

The results include the most recent hole within the newly discovered high grade Kalitan Feeder Zone. […] 

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Rumble Resources Earaheedy map

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Rumble Resources Report Significant Drilling Results from the Chinook Prospect at Earaheedy

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Rumble Resources Limited (ASX: RTR) (“Rumble” or “the Company”) is pleased to announce significant new drilling results at the Chinook Zn-Pb-Ag-Cu Prospect located within the Earaheedy Project located 140km northeast of Wiluna, Western Australia.

The results include the most recent hole within the newly discovered high grade Kalitan
Feeder Zone.

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Rumble Resources management comments

“Following the Chinook Zn-Pb-Ag-Cu sulphide discovery in April 2021, broad spaced 500m x 100m scoping drilling defined a very large shallow flat lying 4.1km x
1.9km mineralised footprint that remains open in all directions.

 

“Later in 2021, Rumble commenced infill drilling on a 200m x 100m grid, with the impressive first assay results received from this program showcasing the potential to
define a very large-scale open pit deposit with strong grade continuity and multiple large high-grade Zn-Pb core zones, as shown by our grade contouring in images 2 & 4.

 

“Drill hole and geophysical analysis provided the exploration team with the essential technical understanding to discover the high grade Kalitan Feeder Zone at Chinook in December 2021.

 

“The 2022 RC/DD drilling program will be the first to specifically define the open, 2.3km long Kalitan Feeder Zone, which continues to deliver high-grade Zn-Pb intercepts, and target other inferred high-grade Zn-Pb zones within feeder structures that are already
delineated within and outside the existing Chinook mineralised footprint.

 

“Another recent exciting development is the interpretation of the airborne magnetics has shown the structural features that host the Chinook mineralisation including a multitude of inferred high-grade feeders and domal features, extend west of the current limit of the Chinook mineralization into the 100% owned newly granted E69/3787, host to 15km’s
of strike named the Sweetwater trend.

 

“Rumble is in advanced stages of completing heritage surveys along the Sweetwater trend and once completed, drilling is planned to rapidly extend and define the limits
of the Chinook Zn-Pb-Ag-Cu deposit and target further large-scale discoveries.”

Rumble Resources Managing Director, Mr Shane Sikora

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For brevity, this summary has been redacted, to read the full news release, please click HERE

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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.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

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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