Rumble Resources Ltd announced an institutional placement worth AU$7 million

Rumble Resources Ltd (ASX: RTR) announced the successful completion of an AU$7.1 million institutional placement, a significant step in its growth journey. This placement consists of approximately 157.4 million new shares issued at an attractive offer price of AU$0.045 each, reflecting a compelling opportunity for investors.

The funds raised will enable it to drive ambitious drilling programs at Western Queen, which has the potential to expand its gold resources through discovery. The next drilling campaign, targeting up to 20,000 meters, will commence in the second week of November, and it is eager to share positive results that will bolster its project development. This transparent use of funds reflects its commitment to strategic planning and responsible financial management.

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