Rumble’s High-Grade Gold and Tungsten Put Western Queen in the Spotlight
- Noel Ong
- 2 days ago
- 6 min read
Updated: 8 hours ago
Announcement
Is Rumble Resources Limited (ASX: RTR) a gold story that should be promoting itself more as a tungsten critical mineral conversation? As the tungsten narrative makes it move to be the king of the critical mineral list, one needs to consider this story like the Delta Lithium (previously Red Dirt Metals Limited (ASX: RDT) story when it was a gold project with an incredibly good lithium future.
Samso first covered Rumble Resources on the 23rd of March 2025 which was entitled "Rumble Resources Limited (ASX: RTR) - Is this sleeper going to be a Hidden Gem?" because we felt that this could be a turn around story with the gold sentiment strengthening however, looking at the share price chart in Figure 1, it looks like something is still missing.
Figure 1: Rumble Resources Limited Share Price Chart over the last 5 years.(source: commsec)
The Western Queen Project in Western Australia is producing good news on the drilling, but with the tungsten market now over the USD $420 mtu price range, it appears that the tungsten market shortage and its place on the critical list may actually be coming of age.
Check out our Samso Insight on Tungsten :
Tungsten is a market that is completely vague and a very illiquid market is shrouded in mystery. The recent conversation that I have had with Oliver Friesen, the CEO and Executive Director of Guardian Metals Resources PLC (LON: GMET, OTCQX: GMTLF) has informed me that the state of the tungsten market is ripe for maturing.
Rumble's Headline Numbers
Rumble Resources has intersected impressive high-grade gold and tungsten in their recent diamond drilling campaign at the Western Queen South and Princess deposits. The face value numbers from the drilling are strong and appear to be consistent with the gold story that is being narrated (see below); however, I am thinking that it still needs more consistency geologically.
🔶 Gold Intercepts (Figure 2) at Western Queen South :
6.93m @ 4.10g/t Au from 362m (WQDD025A)
0.3m @ 32.38g/t Au from 300.3m (WQDD026)
1m @ 6.20g/t Au from 313m (WQDD026)
27.4m @ 1.02g/t Au from 288m (WQDD019), including 2.7m @ 2.96g/t Au
🔷 Tungsten Intercepts at Western Queen South and Princess:
24.6m @ 0.62% WO₃ from 292.5m (WQDD019), including
0.4m @ 10.53% WO₃
0.9m @ 7.15% WO₃
1.7m @ 0.98% WO₃
1.49m @ 0.83% WO₃ from 367.44m (WQDD025A)
6.7m @ 0.32% WO₃ from 190.3m (WQDD027 at Princess)
The tungsten numbers are of high grade, but unfortunately, the intercepts are a bit thin.
Figure 2: Western Queen South– gram x metre contours with selected drill hole intersections – Longitudinal Section. (source: RTR)
Peter Harold, Managing Director and CEO, commented:
“Great to see some more good results from the last drilling program at Western Queen, especially the tungsten numbers. The gold hits are positive too. We are delighted with the way the tungsten is shaping up. Early indications are that the tungsten could add significant revenue when mined in conjunction with the Western Queen South gold open pit resource. We are very much looking forward to releasing the maiden tungsten resource and the metallurgical test work results.”
A Rare Twin: Gold + Tungsten
The company is looking to set the project to be a gold-tungsten project, and I think that is not a bad strategy. Time will tell with more work if this is going to happen; however, at the moment, I favour the gold pathway.
At the Princess prospect, all three diamond drill holes successfully intersected the mineralised zone, revealing encouraging gold intercepts (Figure 3) including:
10.5m @ 1.41g/t Au
13m @ 1.50g/t Au (with 3m @ 2.90g/t)
2m @ 2.28g/t Au
According to the company, the mineralisation, hosted within silicified zones rich in pyrite and pyrrhotite, remains open down-plunge to the south, suggesting potential for further extensions.
As an observer from afar and one that is not intimate with the facts as yet, the Runble story offering dual high-grade commodities like this, especially one as strategically critical as tungsten, is few and far between.
Figure 3: Princess gram x metre contours with selected drill hole intersections – Longitudinal Section (source: RTR)
Why This Matters
From my vantage point, this announcement does indicate some momentum and strategic optionality.
The gold resource at Western Queen is already respectable: 4.42Mt @ 2.02g/t for 286,600 oz Au.
Historic production at Central and South totals 215,000 oz Au at a striking average grade of 7.6g/t.
The proximity to three processing plants within 100 km—including Dalgaranga at just 48 km—means development pathways are realistic and potentially low CAPEX.
But now, add tungsten to the mix—a critical mineral with growing demand in defence, energy, and high-strength alloys—and this project starts looking like a multi-metal revenue engine.
What’s Next for Rumble?
According to the announcement, the roadmap is well laid out:
For Gold:
Interpret and integrate results from recent RC and diamond programs
Complete open pit and underground mining studies
Prepare for regional exploration along the Queen Shear Zone
For Tungsten:
Final assays from historic core expected in June
Maiden Mineral Resource Estimate due in the September quarter
Metallurgical testing underway to assess revenue potential
Rumble has also confirmed that mineralisation—both gold and tungsten—remains open in all directions.
Close to the Action: Western Queen Within Reach of Three Processing Plants
In terms of positioning for toll treatment of the gold ores, logistics is on the side of the Western Queen Gold Project (Figure 4). Nestled within 100 km of not one, but three operating mills—Dalgaranga, Mt Magnet, and Tuckabianna—this location is no accident.
For a company like Rumble Resources, this kind of proximity to infrastructure isn’t just convenient—it’s strategic. With haul roads already in place and processing options within reach, the pathway from discovery to production becomes a whole lot more realistic.
This is the kind of logistical edge that often separates promising projects from the ones that make it to cash flow. What Rumble needs now is to prove the numbers work for a gold business.
Figure 4: Location Plan of the Western Queen Gold Project (source: RTR)
Samso Concluding Comments
Here at Samso, we don’t chase noise—we chase substance. And substance comes from digging deeper, asking better questions, and paying attention to stories that evolve with purpose. I am not sure at this stage if Western Queen is shaping up to be one of those stories. It does have the merit to be not being just another gold project. It’s a layered opportunity—part resource upgrade, part critical mineral revelation, and fully grounded in exploration logic.
Our aim has always been to bring clarity to investors, whether through Coffee with Samso, Samso News, or Samso Insights. What we do is simple: we unpack the technicals, examine the strategy, and help you frame your own investment lens with the facts that matter. This way, you’re not relying on hype—you’re relying on informed decision-making.
There are no shortcuts to value creation. Projects take time. Markets shift. Commodities cycle. But the one constant is diligence. Do your research. Know your risk appetite. Ask yourself if a company is solving problems, creating leverage, and unlocking real-world utility. If the answer is yes, you’ve already got a head start.
Stay curious. Stay grounded.
So here’s my advice: stay sharp, do the work, and don’t underestimate what early insight can do. As always, dig deeper. Because in this business, it’s those who look beyond the surface that uncover the true value
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