Rumble Resources agreed to acquire four exploration tenements in the Earaheedy Basin from Blaze Minerals (ASX:BLZ) for 2,291,047 Rumble shares worth $250,000, subject to ministerial consent and third-party approvals.
The purchase significantly expands Rumble's exploration footprint in the region.
The acquisition includes E69/3815, located near the Mato Prospect, which showed promising mineralisation.
Rumble's Interim Managing Director, Peter Venn, believes that the tenements and detailed geological knowledge could lead to more discoveries of various Zn-Pb-Ag-Cu mineralisation styles.