Rumble Resources Divests Lamil Project to Streamline Exploration Focus
Rumble Resources Limited (ASX: RTR) has agreed to sell its 50% interest in the Lamil Joint Venture to Aventine Resources Limited as part of a broader strategy to prioritise its core development and exploration assets. The transaction involves a Tenement Sale Agreement between Rumble, AIC Mines Limited, and Aventine for the transfer of a 100% interest in Exploration Licence E45/5271, located in Western Australia’s Paterson Province.
Under the agreement, the total consideration includes AU$500,000 in cash, Aventine shares valued at AU$600,000, and a combined 1% net smelter return royalty. Rumble’s share of the deal comprises AU$250,000 in cash, Aventine shares worth AU$300,000, and a 0.5% net smelter return royalty. Completion remains subject to several conditions, including heritage assignment procedures and ASX and IPO-related approvals linked to Aventine.
Management stated that the divestment supports Rumble’s focus on advancing the Western Queen gold and tungsten project, optimising the Earaheedy zinc-lead-silver project, and progressing the Munarra Gully and Thunderstorm exploration assets.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au
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Rumble Resources Divests Lamil Project to Streamline Exploration Focus
Rumble Resources Limited (ASX: RTR) has agreed to sell its 50% interest in the Lamil Joint Venture to Aventine Resources Limited as part of a broader strategy to prioritise its core development and exploration assets. The transaction involves a Tenement Sale Agreement between Rumble, AIC Mines Limited, and Aventine for the transfer of a 100% interest in Exploration Licence E45/5271, located in Western Australia’s Paterson Province.
Under the agreement, the total consideration includes AU$500,000 in cash, Aventine shares valued at AU$600,000, and a combined 1% net smelter return royalty. Rumble’s share of the deal comprises AU$250,000 in cash, Aventine shares worth AU$300,000, and a 0.5% net smelter return royalty. Completion remains subject to several conditions, including heritage assignment procedures and ASX and IPO-related approvals linked to Aventine.
Management stated that the divestment supports Rumble’s focus on advancing the Western Queen gold and tungsten project, optimising the Earaheedy zinc-lead-silver project, and progressing the Munarra Gully and Thunderstorm exploration assets.
Customer Notice:
Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com.au