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Rumble Resources Limited ( (AU:RTR) ) has shared an update.
Rumble Resources has secured full ownership of the Thunderstorm Gold Project in Western Australia’s Fraser Range Province by acquiring the remaining 70% interest in three key exploration licences from former joint venture partner IGO Limited, in exchange for $300,000 worth of Rumble shares and granting IGO a 1.05% net smelter return royalty. The now wholly owned 601km² project, which hosts the Gazelle and Pion gold prospects, has already delivered high-grade palaeochannel and potential basement gold intercepts from wide-spaced aircore drilling, and Rumble plans a heritage survey followed by a 5,000m aircore/slimline RC drilling campaign in 2026 to define and extend mineralisation, underscoring its strategy to build a significant gold portfolio in the region.
The most recent analyst rating on (AU:RTR) stock is a Hold with a A$0.05 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 exploration company focused on gold and base metals, with a portfolio of projects in Western Australia. The company targets highly prospective terrains such as the Fraser Range Province, aiming to grow its pipeline of gold opportunities through discovery and consolidation of exploration tenements.
Average Trading Volume: 3,363,635
Technical Sentiment Signal: Hold
Current Market Cap: A$65.91M
See more data about RTR stock on TipRanks’ Stock Analysis page.