Rumble Resources' gold/tungsten project study delayed; shares sink
Precious metals explorer Rumble Resources has delayed its updated scoping study for the Western Queen Gold and Tungsten Project in Western Australia to October, missing its original target. The company stated that the mine development and closure proposal remains the key outstanding approval.
048, its lowest level since August 20, and was on course for its steepest daily decline in more than a week. The precious-metals explorer said the updated scoping study for its Western Queen Gold and Tungsten Project in Western Australia has been delayed, and it now expects to publish the study in October. The company said the mine development and closure proposal is still the main approval outstanding. The stock is down 4% year to date.