Rumble Resources Limited (ASX: RTR), Part 2 of 2

This is Part 2 of 2. Part 1 holds the Abstract, the Snapshot and Sections 1 to 8, which cover the company, the ground, the mining history, the geology, the drilling, the Mineral Resource and the November 2025 Scoping Study. Section, figure, table and reference numbers are the same in both parts.

Contents

9 Metallurgy	15 The Technical Trader View
10 Toll Milling at Kirkalocka	16 The Gold Price and Interest Rates
11 Approvals, Funding and the Timetable	17 The Risks and the Positives in One Place
12 Tungsten and the Other Projects	18 Samso Concluding Comments
13 Peer Comparison	19 References and Sources
14 The Share Price	20 Disclaimer

9 Metallurgy

Metallurgy is the study of how the gold is got out of the rock in a processing plant. The main measure is the recovery, the share of the gold in the ore that ends up as gold bars. The study assumes 94 per cent.

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