Latest news with #RumbleResources
The Australian
5 days ago
- Business
- The Australian
Rumble set for gold and tungsten take-off at Western Queen
Emerging miner Rumble Resources' historical diamond core testing returns multiple high-grade tungsten assays from Western Queen project A Maiden tungsten MRE is on track for August, with further exploration at Western Queen targeting additional mineralisation. Early metallurgy indicates tungsten could deliver strong revenue alongside the WA project's near-term gold production Special Report : Rumble Resources is set to significantly expand the potential of its Western Queen project, with high-grade tungsten assays confirming a major system of the critical mineral alongside its existing gold resource. The company last month upgraded the gold mineral resource estimate (MRE) to 3.72Mt at 3.1 grams per tonne (g/t) for 370,000 ounces of gold, and Rumble (ASX:RTR) is now closing in on a maiden tungsten resource at the project. Assays from the latest historical diamond core testing have revealed multiple high-grade tungsten intersections of 3.45m at 0.66 per cent tungsten trioxide (WO₃) from 299m, including 1.5m at 0.96 per cent WO₃ and 0.45m at 1.32 per cent WO₃. And another intercept returned 4m at 0.75 per cent WO₃ and 0.71 g/t gold from 220m, including 1m at 2.24 per cent WO₃ and 0.97 g/t gold. More upside in view Tungsten mineralisation has now been identified over a 1.5km strike between the Western Queen South and Central open pits, with geological modelling outlining 18 separate tungsten lodes. These lodes are adjacent and sub-parallel to the gold structures, and remain open along strike and at depth, suggesting further upside. Rumble is also conducting a reconnaissance field program across the broader Western Queen area, where additional tungsten skarn targets have been identified. Independent consultant Ashmore Advisory has been engaged to deliver the maiden tungsten MRE, which is expected to be finalised in August. Meanwhile, early metallurgical testwork has indicated that the scheelite-bearing tungsten ore could provide a meaningful revenue stream alongside Western Queen's near-term gold production outlook. A bulk sample is currently being prepared for more detailed testwork by Mineral Technologies to develop a grade versus recovery curve, which will inform mine planning and scheduling. The company's managing director and CEO, Peter Harold, said: 'This work has demonstrated that Western Queen hosts a major tungsten system in addition to the high-grade mineralisation. 'Having just reported a significant gold resource upgrade to 370,000 ounces at 3.1 g/t it's very exciting to also be on the verge of reporting the maiden tungsten resource at Western Queen, especially given the strong interest in tungsten projects thanks to the metal's strategic importance. 'With growing global demand for tungsten due to its strategic importance in defence, aerospace and industrial technologies, Rumble is well-positioned to advance Western Queen as a dual gold and critical minerals asset of national significance. 'I look forward to us reporting the maiden Western Queen tungsten resource and seeing how much more tungsten our geological team find. ' Critical applications Tungsten is a critical mineral facing high and escalating demand thanks to its high melting point, hardness and density. These properties make it ideal for a range of industries including aerospace, defence and electronics. But its most common use is in cemented carbides, used for cutting tools and wear-resistant materials. China currently produces more than 80 per cent of the world's tungsten ore and there is a strong push by Western governments to reduce the reliance on Chinese sourced tungsten. Multi-commodity opportunity The news of more high-grade tungsten out of Western Queen follows Rumble acquiring the highly prospective Thunderstorm gold project in WA's Goldfields-Esperance region of WA during April. RTR is also continuing to advance its world-class zinc-lead-silver Earaheedy project. This article was developed in collaboration with Rumble Resources, a Stockhead advertiser at the time of publishing. This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions. Sponsored The US Centers for Medicare & Medicaid Services has approved EBR's WiSE CRT System for Medicare inpatients under new technology add-on payment. Sponsored Silver Mines has raised $30m through a strongly supported placement and will launch a share purchase plan to raise up to an additional $3m.
Yahoo
21-07-2025
- Business
- Yahoo
Rumble Resources Limited's (ASX:RTR) Path To Profitability
We feel now is a pretty good time to analyse Rumble Resources Limited's () business as it appears the company may be on the cusp of a considerable accomplishment. Rumble Resources Limited engages in the acquisition, exploration, and evaluation of base and precious metal projects in Australia. The AU$25m market-cap company posted a loss in its most recent financial year of AU$3.8m and a latest trailing-twelve-month loss of AU$5.0m leading to an even wider gap between loss and breakeven. Many investors are wondering about the rate at which Rumble Resources will turn a profit, with the big question being 'when will the company breakeven?' We've put together a brief outline of industry analyst expectations for the company, its year of breakeven and its implied growth rate. This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality. Expectations from some of the Australian Metals and Mining analysts is that Rumble Resources is on the verge of breakeven. They anticipate the company to incur a final loss in 2025, before generating positive profits of AU$13m in 2026. The company is therefore projected to breakeven just over a year from now. In order to meet this breakeven date, we calculated the rate at which the company must grow year-on-year. It turns out an average annual growth rate of 113% is expected, which signals high confidence from analysts. If this rate turns out to be too aggressive, the company may become profitable much later than analysts predict. Given this is a high-level overview, we won't go into details of Rumble Resources' upcoming projects, though, keep in mind that by and large a metal and mining business has lumpy cash flows which are contingent on the natural resource mined and stage at which the company is operating. This means that a high growth rate is not unusual, especially if the company is currently in an investment period. Check out our latest analysis for Rumble Resources Before we wrap up, there's one aspect worth mentioning. Rumble Resources currently has no debt on its balance sheet, which is quite unusual for a cash-burning metals and mining company, which usually has a high level of debt relative to its equity. This means that the company has been operating purely on its equity investment and has no debt burden. This aspect reduces the risk around investing in the loss-making company. Next Steps: This article is not intended to be a comprehensive analysis on Rumble Resources, so if you are interested in understanding the company at a deeper level, take a look at Rumble Resources' company page on Simply Wall St. We've also put together a list of important aspects you should further research: Historical Track Record: What has Rumble Resources' performance been like over the past? Go into more detail in the past track record analysis and take a look at the free visual representations of our analysis for more clarity. Management Team: An experienced management team on the helm increases our confidence in the business – take a look at who sits on Rumble Resources' board and the CEO's background. Other High-Performing Stocks: Are there other stocks that provide better prospects with proven track records? Explore our free list of these great stocks here. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
News.com.au
06-06-2025
- Business
- News.com.au
Resources Top 5: Investors eye pot of gold at end of West Cobar Metals' rainbow
West Cobar Metals has completed the purchase of the Mystique gold project in Western Australia's Fraser Range MTM Critical Metals hits a new record after fielding strong antimony recoveries from US e-waste using its Flash Joule Heating technology After being reinstated to the ASX on May 21, 2025, Bastion Minerals is making progress Your standout resources stocks for Friday, June 6, 2025 West Cobar Metals (ASX:WC1) Investors reacted strongly after West Cobar Metals completed the purchase from IGO of the Mystique gold project in Western Australia's Fraser Range, believing it may represent a pot of gold at the end of a rainbow. Shares more than doubled to a daily high of 3.1c, an increase of 107% with more than 77m shares changing hands. West Cobar believes the project is highly prospective for orogenic gold deposits and is encouraged by strong results returned by the IGO/Rumble Resources (ASX:RTR) joint venture at the Themis prospect, just 250m outside of, and north of, the Mystique project boundary. While exploring the adjoining tenements, the JV encountered gold intercepts in saprolite and bedrock that included 25m at 2.42g/t gold from 42m, including 5m at 10.85g/t from 49m, and 16m at 6.69g/t from 42m, including 4m at 22.2g/t from 50m. Mystique, which covers 35km2 within the Albany-Fraser Province and is about 225km SSE of Kalgoorlie, remains relatively unexplored as most of the area is covered by 30m or more of transported Eocene sediments and there is little surface expression of geology or mineralisation. 'We are delighted to have completed the acquisition of the Mystique Gold Project,' West Cobar Metals' managing director Matt Szwedzicki said. 'The tenement comprises a key land area with exceptional and immediate potential for both shallow saprolite hosted and large-scale basement hosted gold deposits. 'We have identified two high priority targets which justify immediate exploration drilling." There are Immediate targets at Mystique, supported by widespread drill intersected gold anomalism in transported cover and saprolite, and WC1's intentions are: To drill test the palaeochannel/saprolite and bedrock gold mineralisation that is likely to extend southwards into West Cobar's ground (Themis South prospect); To drill test and define significant gold mineralisation targets in the saprolite and basement rocks at the Torquata prospect; and Drill program being prepared to follow up key targets. Completion of the acquisition of IGO's 100% interest in tenement E28/2513 occurred following the satisfaction of conditions precedent. MTM Critical Metals (ASX:MTM) It has been a strong week for MTM Critical Metals, rising 51.43% to 53c, a new record high, after fielding strong antimony recoveries from US e-waste using its proprietary Flash Joule Heating technology. The company achieved 98% recovery of the critical mineral and extracted 3.13% antimony from printed circuit board feedstock, with the grade far exceeding that of typical mined ore. Even China's largest antimony deposits — which dominate global supply — average just 0.5% to 0.7% antimony, making e-waste a vastly richer and largely untapped alternative. The material had been thermally pre-processed to strip out plastics and volatiles, producing a dense, metal-rich carbon-based residue. MTM Critical Metals views the results as clear proof of the technical strength and strategic promise of its Flash Joule Heating technology for recovering critical metals from e-waste. Flash Joule Heating works by passing an electric current through metal-bearing material, rapidly elevating its temperature to more than 3000 degrees kelvin. This vaporises the target metals as chlorides in seconds and collects the vapours for refining. 'This result demonstrates the strong technical and commercial potential of our FJH process for recovering strategic metals from e-waste,' MTM managing director and CEO Michael Walshe said, adding: 'Achieving 98% recovery of antimony at over 3% grade, from domestic urban feedstock, is particularly significant given the US currently has no meaningful domestic Sb production. 'With antimony designated as a critical metal by both the DoD and DoE, these outcomes reinforce MTM's ability to contribute to onshore supply solutions for high-priority metals. 'Combined with our recently secured, pre-permitted demonstration site in Texas, we are well positioned to scale operations and advance commercial deployment. 'In parallel, the company is engaging with US government agencies, including the DoD and DoE, regarding potential funding to support domestic critical metal recovery. 'While early-stage and non-binding, these discussions reflect strong interest in scalable US-based refining technologies. 'The strategic role of antimony in defence, particularly in armour-piercing alloys and flame-retardant systems, was a consistent theme during recent meetings in Washington.' Antimony is an essential metal for munitions, semiconductors, batteries and flame retardants, yet the US lacks meaningful domestic production and depends heavily on imports from China. This reinforces MTM Critical Metals ability to contribute to onshore supply solutions for high-priority metals. The company has locked in more than 1100 tonnes per year of e-waste feedstock under agreements with US suppliers, providing a strong foundation for commercial deployment. Bastion Minerals (ASX:BMO) After being reinstated to the ASX on May 21, 2025, Bastion Minerals is making progress, with a newly appointed leadership team; a review of projects in Chile, Sweden, Australia and Canada; an Exploration Work Permit granted for its ICE copper-gold project in Yukon Province Canada; and an upcoming maiden JORC resource estimate for ICE. A considerable jump in the company's share price to 0.4c has seen BMO field a price query from the ASX, prompting a trading halt while it prepares a response and details of the resource estimate. On reinstatement Bastion's non-executive chairman Gavin Rutherford said: "Bastion's recommencement of trading marks a significant and exciting turning point. We have a refreshed board to provide focused leadership and renewed commitment to delivering shareholder value. 'As investors, the incoming board members recognise the value and fantastic potential of the overseas projects in BMO's inventory. 'Our preferred direction is to unlock the potential of these projects through generating partnerships, positioning BMO with equity exposure in the project whilst the selected partner invests and acts to unlock its potential. 'For BMO shareholders this is the best way to combine timeliness, effective investment and shareholder weighted outcomes on three international fronts. 'Meanwhile, Australia has no shortage of gold-weighted projects available, with many of them residing in the hands of private owners. 'We are working through multiple opportunities with an eye to bring projects into BMO that are paid for via exploration. There is no need to expose BMO to the inherent risk of a project purchase when, in my mind, the best due diligence we can execute is via on-ground exploration that resides within a traditional earn-in model. 'We will crawl before we walk, we will build wealth in the company through prudence and I am very much looking forward to BMO shareholders joining us on this journey.' Subsequently, the company was granted a work permit for ICE, with Rutherford stating: "We are very grateful to have received this consent from the Tu Å�idlini Lands Department and the Ross River Dena Council for our ICE Copper-Gold Project in Yukon. 'The consent is a vital access step in our pathway to getting 'boots on ground'.' In light of volatile met coal prices and markets, another company moving in the right direction at last is Coronado Global Resources, which has lifted 15.2% to a daily high of 19c and has risen 90% during the week. Encouragement has come from a refinanced debt facility with private equity firm Oaktree Capital Management, bringing another player into the potential bidding for the company after reports Czech bargain hunter Pavel Tykac's Global Investments had bought up around US$40m of its debt last month. The new three year asset-based lending facility comprises $75m to be drawn at financial close with the remaining $75m to be drawn in $25m increments over 12 months. There will be no testing of leverage and interest coverage financial covenants for the June 2025 quarter, with covenant thresholds from Sept 2025 onwards 'designed to afford the business flexibility' in the current low price environment. Met coal futures are running at around US$183/t. But that's for the really high quality stuff. Then, in response to media speculation, Coronado Global Resources advised on Thursday that it is in confidential discussions with Stanwell Corporation regarding potential changes to its coal-supply agreements with Stanwell. These will potentially provide up to US$150 million in near-term liquidity to Coronado (not in the form of a loan) with Coronado to provide access to additional coal supply for Stanwell to support its power generation capacity. Waratah Minerals (ASX:WTM) Turning heads in the copper-gold prolific Macquarie Arc of Central West NSW with an aggressive exploration program at the Spur project is Waratah Minerals, which was 15.5% higher to 41c. Spur is just 5km west of the Cadia Valley Operations of Newmont and the emerging discovery is showing similar geological markers to those seen in the multi-million-ounce Cowal and Boda systems in the same region of the Lachlan Fold Belt. The company has a dual focus at Spur with two rigs targeting a large epithermal gold system, while a third rig – the second diamond drill – is set to return to Breccia West prospect to follow up promising porphyry intercepts such as 108m grading 0.52% copper and 0.22g/t gold from surface to end of hole. Exploration has outlined a broad zone of epithermal stringer and lode-style mineralisation, accompanied by porphyry-style alteration – characteristics consistent with the upper levels of a larger porphyry system, akin to those found elsewhere in the Macquarie Arc. 'We're getting very busy on the ground and getting more confidence, we're recognising what is important in the rocks,' Waratah managing director Peter Duerden said.
Yahoo
10-02-2025
- Business
- Yahoo
Loss-Making Rumble Resources Limited (ASX:RTR) Expected To Breakeven In The Medium-Term
With the business potentially at an important milestone, we thought we'd take a closer look at Rumble Resources Limited's () future prospects. Rumble Resources Limited engages in the acquisition, exploration, and evaluation of base and precious metal projects in Australia. The AU$39m market-cap company announced a latest loss of AU$3.8m on 30 June 2024 for its most recent financial year result. The most pressing concern for investors is Rumble Resources' path to profitability – when will it breakeven? Below we will provide a high-level summary of the industry analysts' expectations for the company. View our latest analysis for Rumble Resources Rumble Resources is bordering on breakeven, according to the 2 Australian Metals and Mining analysts. They expect the company to post a final loss in 2025, before turning a profit of AU$13m in 2026. Therefore, the company is expected to breakeven just over a year from today. What rate will the company have to grow year-on-year in order to breakeven on this date? Using a line of best fit, we calculated an average annual growth rate of 88%, which signals high confidence from analysts. Should the business grow at a slower rate, it will become profitable at a later date than expected. Given this is a high-level overview, we won't go into details of Rumble Resources' upcoming projects, however, keep in mind that by and large metals and mining companies, depending on the stage of operation and metals mined, have irregular periods of cash flow. So, a high growth rate is not out of the ordinary, particularly when a company is in a period of investment. Before we wrap up, there's one aspect worth mentioning. Rumble Resources currently has no debt on its balance sheet, which is quite unusual for a cash-burning metals and mining company, which usually has a high level of debt relative to its equity. This means that the company has been operating purely on its equity investment and has no debt burden. This aspect reduces the risk around investing in the loss-making company. There are key fundamentals of Rumble Resources which are not covered in this article, but we must stress again that this is merely a basic overview. For a more comprehensive look at Rumble Resources, take a look at Rumble Resources' company page on Simply Wall St. We've also compiled a list of important aspects you should further examine: Historical Track Record: What has Rumble Resources' performance been like over the past? Go into more detail in the past track record analysis and take a look at the free visual representations of our analysis for more clarity. Management Team: An experienced management team on the helm increases our confidence in the business – take a look at who sits on Rumble Resources' board and the CEO's background. Other High-Performing Stocks: Are there other stocks that provide better prospects with proven track records? Explore our free list of these great stocks here. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
