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Rumble Resources Limited (ASX:RTR)

ALERT: Price-sensitive ASX Announcement for RTR
Current share price for RTR : $0.047 -0.011 (-18.97%)+
Announcement
Release
15 May 2026 9:44AM
Price at Release
$0.058
Full Release
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Summary
Rumble Resources Limited has announced the sale of its 50% interest in the Lamil Project to Aventine Resources Limited. The transaction involves a Tenement Sale Agreement where Aventine will acquire a 100% interest in Exploration Licence E45/5271. Rumble and its partner, AIC Mines Limited, will each receive A$250,000 in cash, Aventine shares valued at A$300,000, and a 0.5% net smelter return royalty. The sale is part of Rumble's strategy to divest non-core exploration projects to focus on advancing other strategic projects, such as the Western Queen gold and tungsten project and the Earaheedy zinc-lead-silver project. Completion of the sale is conditional on certain regulatory approvals and is expected to finalize five business days after these are satisfied.
Key Points
  • Rumble Resources is selling its 50% interest in the Lamil Project.
  • Transaction involves a Tenement Sale Agreement with Aventine Resources.
  • Rumble and AIC Mines will receive A$250,000 in cash and Aventine shares worth A$300,000.
  • A 0.5% net smelter return royalty is part of the transaction consideration.
  • The sale aligns with Rumble's strategy to divest non-core projects.
  • Focus will shift to the Western Queen project and the Earaheedy project.
  • Completion is dependent on regulatory approvals and conditions.
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.