InvestSMART

Rumble Resources Limited (ASX:RTR)

ALERT: Price-sensitive ASX Announcement for RTR
Current share price for RTR : $0.044 -0.015 (-25.42%)+
Announcement
Release
3 Jun 2026 8:21AM
Price at Release
$0.059
Full Release
download
Summary
Rumble Resources Limited has announced the receipt of the second $5 million payment from Elemental Royalty for their gold royalty sale related to the Western Queen Project. This payment satisfies a key condition precedent for the ore toll milling agreement with Gylden Resources, as Ramelius Resources has not exercised their pre-emptive rights. The company is progressing with project development, including updated mineral resource estimates and mine design for the Western Queen South and Central areas. Rumble is also advancing a feasibility study and a tungsten scoping study to enhance project value. The funds received will support pre-development activities as the company moves towards a final investment decision.
Key Points
  • Second $5 million payment from Elemental Royalty received.
  • Key condition precedent satisfied for ore toll milling agreement.
  • Ramelius Resources does not exercise pre-emptive rights.
  • Updated mineral resource estimates expected in June 2026.
  • Feasibility study and tungsten scoping study in progress.
  • Funds to support pre-development activities at 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.