Rumble Resources Limited ( (AU:RTR) ) has provided an announcement.
Rumble Resources Limited has entered into a non-binding term sheet with Bain Global Resources and MEGA Resources to develop the Western Queen Gold Project. The agreement outlines a joint venture for mining open pit resources, with MEGA providing mining services and Bain covering development costs up to $25 million. The project aims to deepen the Western Queen South pit and mine smaller pits, with first ore expected by the end of the year. This development is a strategic move to enhance Rumble’s market position and generate early cash flow, with potential positive implications for stakeholders.
More about Rumble Resources Limited
Rumble Resources Limited is a company engaged in the mining industry, focusing primarily on the development and extraction of gold resources. The company is involved in projects aimed at generating early cash flow from its Western Queen Gold Project, located in Western Australia.
YTD Price Performance: -2.50%
Average Trading Volume: 1,041,089
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: A$36.62M
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