The Earaheedy Project. Source: Rumble Resources
The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • Rumble Resources (RTR) posts a maiden inferred mineral resource estimate for its Earaheedy project in Western Australia
  • The estimate is pit-constrained and comprises 94 million tonnes at 3.1 per cent zinc and lead and 4.1 grams per tonne (g/t) silver
  • According to RTR Managing Director Shane Sikora, the MRE confirms the Earaheedy project as one of the largest zinc sulphide discoveries globally over the last decade
  • Rumble’s next drilling program is scheduled for May and will focus on resource extensions and new discoveries
  • RTR shares have gained almost 24 per cent since the release of the resource on Wednesday, trading at 23 cents on Thursday morning

Rumble Resources (RTR) on Wednesday posted a maiden inferred mineral resource estimate for its Earaheedy project in Western Australia.

The estimate is pit-constrained and comprises 94 million tonnes at 3.1 per cent zinc and lead and 4.1 grams per tonne (g/t) silver.

It contains metal of 2.2 million tonnes of zinc, 600,000 tonnes of lead and 12.6 million ounces of silver.

According to Rumble Managing Director Shane Sikora, the resource estimate confirms the Earaheedy project as one of the largest zinc sulphide discoveries globally over the last decade.

“Achieving a maiden JORC-compliant mineral resource estimate of this size and significance in 24 months post-discovery is a tremendous effort by the technical team and especially Brett Keillor,” Mr Sikora said.

“Myself and the team are really excited as we believe we have only scratched the
surface on the discovery front, and can’t wait to see the drill rigs turning again next month.”

The project deposits remain open in all directions, with less than 35 per cent of the 45-kilometre-long mineralised unconformity unit drilled to date and some thick underlying geologically fertile formations yet to be tested.

Rumble’s next drilling program is scheduled for May and will focus on resource extensions and new discoveries.

In parallel with the exploration campaign, the company plans to complete beneficiation and initial scoping studies.

RTR shares have gained almost 24 per cent since the release of the resource on Wednesday, trading at 23 cents on Thursday morning.

rtr by the numbers
More From The Market Online
The words "ASX Market Open" appear alongside a Bear ( FALL ) with a market chart graphic floating above it. The whole image is faded yellow and orange.

ASX Today: XJO down -2% as investors presumably realise 4% CPI isn’t a good thing

When America coughs the world catches a cold, but apparently Australia’s immune system is compromised.

Broken Hill Gold obtains third gold pour from existing heap leach ore at White Dam

Broken Hill Gold has achieved a third gold pour from re-crushed material on the existing heap…
Flexiroam concept traveller using global eSIM network

This ASX comms stock is up +160% over the last year, and just turned profitable. Here’s how FlexiRoam disrupts the market

If you’ve gone travelling overseas in the last few years, you may have heard of eSIMs – in essence, a digital SIM card

Elixir Energy hits milestone at Lorelle-3H well with commencement of post-soak flow testing

Elixir Energy is set to hit a key milestone with a new phase of testing of…