Australia's Rumble Resources at three-month high on 2.5% Western Queen gold royalty sale

Rumble Resources

04/05/2026 04:55

** Shares of Australia's Rumble Resources RTR.AX rise as much as 11.8% to A$0.057, their highest level since January 30

** Stock on track to log its steepest intraday rise since April 17

** The miner sells 2.5% net smelter return gold royalty on Western Queen production for A$10 million ($7.21 million) to existing royalty holder Elemental Royalty

** Says it is now well-funded to move the Western Queen gold and tungsten project into pre-development with dewatering of the open pit on receiving the Groundwater Licence

** Stock up 6% YTD, including the session's moves

($1 = 1.3877 Australian dollars)

 (Reporting by Anjali Singh in Bengaluru)

 ((anjali.singh2@thomsonreuters.com;))