Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
An announcement from Rimfire Pacific Mining Limited ( (AU:RIM) ) is now available.
Rimfire Pacific Mining has delivered two representative samples of low-iron, scandium-mineralised material from its Murga Scandium Deposit to Simulus Laboratories in Perth for metallurgical test work. The company plans to outline the scope of this program once it begins, signalling a step toward better understanding processing options and the economic potential of the Murga scandium project, which could influence future development plans and value for stakeholders.
The announcement is supported by competent person confirmations regarding the underlying exploration and resource data, underscoring compliance with the JORC Code and providing investors with confidence in the technical basis of the Murga resource. Successful metallurgical outcomes could strengthen Rimfire’s position in the emerging scandium market, where reliable, low-iron feedstock and demonstrable processing routes are key to advancing projects toward commercial viability.
More about Rimfire Pacific Mining Limited
Rimfire Pacific Mining Limited is an Australian mineral exploration company listed on the ASX under the code RIM, focused on discovering and advancing mineral deposits. Its portfolio includes the Murga Scandium Deposit, which contains scandium mineralisation that is being evaluated for its potential development and commercial applications.
Average Trading Volume: 1,341,296
Technical Sentiment Signal: Sell
Current Market Cap: A$34.67M
Learn more about RIM stock on TipRanks’ Stock Analysis page.