What are the key terms of the Rumble Resources (ASX:RTR) Lamil Project sale?

Rumble Resources is selling its interest in the Lamil Project (Exploration Licence E45/5271) to Aventine Resources for a total consideration of $1.1 million.

Why is Rumble Resources (ASX:RTR) divesting the Lamil Project now?

Management has classified the Lamil Project as a non-core asset to better allocate capital and technical resources toward flagship projects. CEO Peter Harold stated that the company lacks the capacity to progress all projects simultaneously.

How does this sale affect the Rumble Resources (ASX:RTR) balance sheet?

The transaction provides an immediate cash injection of $250,000 and adds $300,000 in equity via Aventine Resources shares. While the total $550,000 gain is relatively small for a listed miner, it reduces the "burn rate" associated with holding and exploring non-core tenements.

What are the main risks associated with the Lamil Project divestment?

The deal is subject to several conditions precedent, including heritage assignment steps and Aventine Resources successfully completing ASX and IPO-related confirmations.

Rumble Resources divests Lamil Project for $1.1M

Q: What projects will Rumble Resources (ASX:RTR) focus on after this sale?

Rumble is pivoting its focus toward three primary "flagship" areas: the Western Queen gold and tungsten project, the Earaheedy flowsheet optimization, and the Munarra Gully and Thunderstorm ventures.

Written by Liezl GambePublished May. 15 2026Last Updated May. 15 2026

Rumble Resources (ASX:RTR) announced a divestment of its interest in the Lamil Project, entering into a binding tenement sale agreement with Aventine Resources.

The transaction involves the sale of a 100% interest in Exploration Licence E45/5271, a joint venture asset previously held by Rumble and its partner, AIC Mines (ASX:A1M).

The total consideration for the project is valued at $1.1 million, comprising $500,000 in upfront cash and $600,000 in Aventine shares.

The sellers will retain an aggregate 1% net smelter return royalty. Specifically, Rumble is set to receive $250,000 in cash, $300,000 in shares (calculated at the Aventine IPO share price), and a 0.5% royalty interest.

Managing Director and CEO Peter Harold emphasised that the decision to sell the non-core asset is part of a broader strategy to rationalise the company’s portfolio and focus resources on flagship developments.

Priority projects include the Western Queen gold and tungsten project, the Earaheedy flowsheet optimisation, and the advancement of the Munarra Gully and Thunderstorm ventures.

"We do not have the capacity to progress some of our other projects in a timely manner," Harold noted, describing the deal as a "win-win" for both Rumble and Aventine shareholders.

Completion of the sale remains subject to standard conditions precedent, including heritage assignment steps and necessary ASX and IPO-related confirmations by Aventine.

The transaction is expected to conclude five business days after these conditions are satisfied.

At the time of reporting, Rumble Resources’ share price was $0.057.