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Rumble Resources Limited (ASX:RTR)

ALERT: Price-sensitive ASX Announcement for RTR
Current share price for RTR : $0.046 -0.005 (-9.80%)+
Announcement
Release
4 May 2026 8:55AM
Price at Release
$0.051
Full Release
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Summary
Rumble Resources Limited announced the sale of a 2.5% Net Smelter Return (NSR) gold royalty on the Western Queen Gold and Tungsten Project to Elemental Royalty Corporation for up to A$10 million. This transaction involves a payment of A$5 million upon signing the agreement and an additional A$5 million upon entering into a processing agreement. This deal allows Rumble to fund pre-development activities at Western Queen without diluting shareholder equity. Elemental's acquisition of the royalty indicates their confidence in the project, and the funding will be used for exploration and project development costs.
Key Points
  • Rumble Resources sells 2.5% NSR gold royalty to Elemental Royalty for A$10 million
  • Upfront payment of A$5 million and additional A$5 million upon processing agreement execution
  • No equity dilution for Rumble shareholders
  • Funds to be used for pre-development work at Western Queen
  • Elemental's acquisition demonstrates confidence in the Western Queen project
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.