Rumble Resources (ASX:RTR) updated the mineral resource estimate of the Western Queen gold project in Western Australia, according to a Tuesday filing with the Australian bourse.
The project's resource stands at 4.4 million tonnes of material at 2 grams per tonne grade of gold for 286,600 gold contained ounces, a 76% rise from the previous resource estimate for the indicated and inferred classifications, the filing said.
Shares of Rumble Resources rallied almost 16% in recent Tuesday trade.
Price (AUD): $0.06, Change: $+0.0080, Percent Change: +15.69%
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