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Rimfire Pacific Mining Limited ( (AU:RIM) ) just unveiled an announcement.
Rimfire Pacific Mining says its maiden mineral resource estimate for the Murga scandium prospect remains on schedule for completion by the end of the March 2026 quarter, with all drilling and assay data now delivered to its resource geologist. Murga, located close to Sunrise Energy Metals’ Syerston deposit in the Fifield district, has returned multiple broad scandium intercepts from late-2025 air core drilling, supporting the conversion of the exploration target into a defined resource and potentially adding significantly to Rimfire’s existing scandium inventory.
The company reports that Murga mineralisation occurs in shallow laterite and saprolite zones with relatively low iron content, a characteristic that early studies suggest may enable the use of cheaper atmospheric leaching rather than high-pressure acid leach processing favoured by nearby projects. Rimfire plans metallurgical test work in the June 2026 quarter under process consultant Boyd Willis to evaluate these potential processing advantages, which could enhance project economics and strengthen its competitive position within the emerging scandium sector at Fifield.
The most recent analyst rating on (AU:RIM) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Rimfire Pacific Mining Limited stock, see the AU:RIM Stock Forecast page.
More about Rimfire Pacific Mining Limited
Rimfire Pacific Mining Limited is an Australian exploration company listed on the ASX that focuses on scandium and other mineral projects in the Fifield district of central New South Wales. The company is building a scandium resource inventory near established deposits such as Sunrise Energy Metals’ Syerston, positioning itself within what is regarded as Australia’s scandium epicentre.
Average Trading Volume: 1,754,612
Technical Sentiment Signal: Hold
Current Market Cap: A$44.26M
See more insights into RIM stock on TipRanks’ Stock Analysis page.