Australian (ASX) Stock Market Forum

RTR - Rumble Resources

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greggles said:
Agreed, but it is a very good sign that all 36 RC holes at Sweetwater have intersected mineralisation. However, visual inspection and pXRF analysis can only reveal so much. Lab assay results first and then follow up infill drilling to revel the true extent of the mineralisation in that area.

It does look like RTR will get a small share price lift this morning as a result of this news.
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Yep, but not sure about a SP lift today, I think there's going to be a sea of red out there this am.
 
greggles said:
Current market depth indicates it will open higher, but that's no guarantee that it will finish the day higher.
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Started up a few % but dropped back a bit with the market.

MC is around $190m with about $17m cash (end June) for $173m EV. They're spending about $5m a quarter so will need to do a raise before they get the MRE for Chinook out at the end of next year.

At the mercy of the general market conditions at the moment. Earaheedy is going to be a massive resource at good grades. If we were risk-on at the moment I think this would be significantly higher. But, explorers are in the dog house. Hard to know how much time we've got at these depressed prices with all that's going on. Weeks, months, another year? Maybe there's time to be accumulating the quality explorers with known resources in metals that will be in demand.
 
Sean K said:
Started up a few % but dropped back a bit with the market.

MC is around $190m with about $17m cash (end June) for $173m EV. They're spending about $5m a quarter so will need to do a raise before they get the MRE for Chinook out at the end of next year.

At the mercy of the general market conditions at the moment. Earaheedy is going to be a massive resource at good grades. If we were risk-on at the moment I think this would be significantly higher. But, explorers are in the dog house. Hard to know how much time we've got at these depressed prices with all that's going on. Weeks, months, another year? Maybe there's time to be accumulating the quality explorers with known resources in metals that will be in demand.
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Agree that RTR is at the mercy of general market conditions at the moment. I believe that management is taking the wisest course of action possible in the circumstances and that is to continue drilling and defining the resource at Earaheedy. This gives the company the best chance of share price appreciation in the short to medium term by letting the market know what they have in the ground.

Right now it's a waiting game and ultimately it will be upcoming assay results that will drive the share price during the remainder of 2022 and into 2023.
 
And here they are, and they look great. The widths and grades speak for themselves. Earaheedy just keeps on getting larger and larger and is still open in multiple directions.

Interpretation of the preliminary Airborne Gravity Gradiometric (AGG) data has highlighted the high-grade fault zones as potentially a series of stacked eastwest mineralising structures
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Multiple new targets are being generated from the preliminary data showcasing potential for new fault zones yet to be drill tested within and outside the 8km x 2km Tonka-Navajoh Prospect
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8cce21d07cd14d65a2a2dcb3c5692f25-0001-min.jpg

8cce21d07cd14d65a2a2dcb3c5692f25-0002-min.jpg
 
Tonka is completely open to the west and the Colorado and Magazine Fault Zones are open to the East. The Navajoh Prospect is also open to the East.

The scale of this deposit is huge. I think the the market is having a hard time conceptualising the true scale due to the fragmented and geogrpahicly diverse nature of the assay results.

RTR300822.jpg
 
Wish it had some Silver like most Zn-Pb deposits, e.g Cannington (S32), Hermosa (S32), Maronan (MMA) or Adriatic's resource (ADT). Not meaning to be negative on it as am interested.
 
I think they need more yellow, red and purple on that cartoon. There's not many significant deposits on a World scale that are mostly blue/green (blue box below). Most are high 4 and above 5%. So, need more red on the map.

Having said that, the red/purple areas they've identified at Tonka run a good strike length and width about 100-200m wide maybe?

Screen Shot 2022-08-30 at 2.44.33 pm.png
 
Sean K said:
I think they need more yellow, red and purple on that cartoon. There's not many significant deposits on a World scale that are mostly blue/green (blue box below). Most are high 4 and above 5%. So, need more red on the map.

Having said that, the red/purple areas they've identified at Tonka run a good strike length and width about 100-200m wide maybe?

View attachment 146121
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I think the Navajoh Prospect will end up having a lot more purple and red and the area to the west of Tonka Prospect may surprise in this regard also. It's just going to be a waiting game now as the assay results come in over the next six to twelve months and we see how the various mineralised zones develop.

I think it's likely that Earaheedy will end up being in the Super Giant category but that is just based on my interpretation of its potential. We won't know for some time but that's my thinking at the moment.
 
Up 18.52% to 32c today. Last week RTR received "Buy" recommendations from Fat Prophets and also the Herald Sun (Sean Conlan from CC Equities). I'm sure that generated some interest amongst the punters and is probably at least partially responsible for today's buying.
 
More great assay results announced from RTR this morning with high grade mineralisation being intersected west along the Sweetwater trend, increasing the deposit's mineralised footprint which continues to be open in all directions.

These results look huge. The mineralisation is close to the surface, the grades are good and the widths are impressive. Earaheedy just keeps on getting bigger for RTR and I am still of the view that this deposit is going to be a monster once the orebody has been completely defined.

Great news.


17fff39f202344d783fd72d4aa95e239-0001-min.jpg
 
RTR sinking back towards 20c on a lack of news flow. Financials released today reveal the company has $13 million in cash as of 30 September. A reasonable amount but they need to make the most of it as it will start to disappear quickly with a burn rate of $5 million a quarter (last quarter).

It's crunch time for RTR. There will be a CR in the first half of next year. Time to make those exploration $ count.
 
This is interesting but the shoots are pretty narrow. Maybe it points to something bigger.

Would still rather be seeing continuation of the Zn&Pb above 5% mark. Need more purple and orange on the cartoon.

Screen Shot 2022-11-03 at 9.50.32 am.png



Screen Shot 2022-11-03 at 9.57.25 am.png
 
Sean K said:
This is interesting but the shoots are pretty narrow. Maybe it points to something bigger.

Would still rather be seeing continuation of the Zn&Pb above 5% mark. Need more purple and orange on the cartoon.

View attachment 148771


View attachment 148772
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Widths are very narrow so it might be at the edge of a mineralised zone or perhaps they have touched the top of a mineralised zone. I probably need more coffee but I can't see where they reported the depth of those two particular holes. Those silver grades are very high and it's fair to say that where there is smoke there is probably fire. No doubt there will be follow up drilling in the area to try and get a handle on the extent of the mineralisation.

The share price hasn't moved this morning so the market isn't getting too excited about this announcement. RTR are going to need some big hits to get the share price moving and that is where they should be focusing their drilling. By the time they do the CR next year I hope the share price is much higher than it is now.
 
Whatever happened to the assay results from the drilling program at the Wardawarra Project that commenced in April?

RTR200422.png

RTR200422b.png


Inquring minds want to know why the results are still pending.
 
Company Presentation for the 121 Mining Investment London Conference released today. A nice summary of where RTR is currently situated from a corporate and exploration perspective.

Also interesting is last Thursday's announcement which reported metallurgical results from fresh sulphide ores selected from the Chinook and Tonka Prospects at the Earaheedy Project. The results:
  • High zinc recoveries to 90% Zn in cleaner concentrates
  • Coarse primary grind size of 150 micron
  • Fast flotation kinetics with clean sulphide separation using site water
  • Simple and conventional processing flowsheet recovers a bulk zinc concentrate with metal credits utilising an uncomplicated and lower dosage reagent scheme
  • Zinc concentrate grades to 59% Zn, with no significant deleterious elements, supporting a very marketable product
Below is the testwork summary:

RTR211122.png


It all looks very encouraging. Hopefully upcoming assay results will be just as positive.
 

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