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Rumble Resources Limited (ASX:RTR)

ALERT: Price-sensitive ASX Announcement for RTR
Current share price for RTR : $0.060 0.01 (20%)+
Announcement
Release
24 Aug 2026 8:42AM
Price at Release
$0.050
Full Release
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Summary
Rumble Resources Limited has provided an update on the development of the Western Queen Project, highlighting significant progress toward commencing gold production. An updated Mineral Resource Estimate indicates the presence of 433,600 oz of gold at the site. The company has secured a Toll Milling and Blending Agreement for processing at Gylden’s Kirkalocka plant, and is working on updating the Scoping Study to incorporate recent resource upgrades. Project financing and a Bankable Feasibility Study are planned, targeting a decision to mine by the end of 2026, with the first ore delivery expected approximately six months after dewatering and mine development commence. Additionally, Rumble is exploring tungsten opportunities within the project.
Key Points
  • Rumble Resources announced an updated Mineral Resource Estimate for the Western Queen Project in June 2026, totaling 433,600 oz of gold.
  • A Toll Milling and Blending Agreement has been established with Gylden Resources and Kirkalocka Gold for processing at Kirkalocka plant.
  • The Western Queen South underground mine Scoping Study published in November 2025 highlighted significant potential with a production target over two years.
  • An Updated Scoping Study is underway with completion expected in September 2026.
  • Project financing discussions will commence following the updated Scoping Study's completion.
  • The first major task in the project development is dewatering of Western Queen South open pit, facilitated by a recently granted Groundwater Extraction Licence.
  • A Bankable Feasibility Study is planned post-Updated Scoping Study, aiming for a decision to mine by the end of 2026.
  • Potential tungsten revenue is being explored with a maiden tungsten Mineral Resource Estimate announced.
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.