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Rumble Resources Limited ( (AU:RTR) ) has shared an announcement.
Rumble Resources has reported successful metallurgical testwork at its Western Queen Gold-Tungsten Project, demonstrating that scheelite mineralisation can be upgraded to a 48% WO3 concentrate with 45% recovery via a simple conventional gravity circuit. The company has developed a flowsheet that cleanly separates gold and scheelite with minimal gold losses and can be implemented as a bolt-on facility to an existing gold plant, enhancing development flexibility.
On the back of a maiden tungsten resource of 4.31Mt at 0.31% WO3 announced in 2025, Rumble has started a scoping study to mine and process tungsten from Western Queen South alongside gold production. Management is also engaging equipment providers and potential offtake partners as it seeks to fast-track tungsten production to capitalise on a more than fivefold surge in global tungsten prices, potentially adding a significant co-product revenue stream for stakeholders.
The most recent analyst rating on (AU:RTR) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on Rumble Resources Limited stock, see the AU:RTR Stock Forecast page.
More about Rumble Resources Limited
Rumble Resources Limited is an Australian mineral exploration and development company focused on gold and tungsten assets in Western Australia. Its flagship Western Queen Gold-Tungsten Project, located northwest of Mt Magnet, hosts both gold mineralisation and a growing tungsten resource, positioning the company to target rising demand and prices in the critical metals market.
Average Trading Volume: 4,631,603
Technical Sentiment Signal: Sell
Current Market Cap: A$53.08M
See more data about RTR stock on TipRanks’ Stock Analysis page.