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An update from Rimfire Pacific Mining Limited ( (AU:RIM) ) is now available.
Rimfire Pacific Mining Limited has provided an update on its ongoing air core drilling program at the Currajong Scandium Prospect in central New South Wales. The company has drilled 51 holes so far, with 520 samples dispatched for laboratory analysis. The drilling has intersected various weathered rock types, including scandium-prospective pyroxenites. This marks the first dedicated scandium drilling at Currajong, as previous exploration focused on other minerals. The results, expected later in April, could significantly impact Rimfire’s operations and its positioning in the scandium market.
More about Rimfire Pacific Mining Limited
Rimfire Pacific Mining Limited is a company operating in the mining industry, focusing on the exploration and development of mineral resources. The company is involved in the exploration of scandium, nickel, cobalt, platinum, and palladium, with a specific emphasis on scandium at its Currajong Scandium Prospect in central New South Wales, Australia.
YTD Price Performance: -40.0%
Average Trading Volume: 1,876,814
Technical Sentiment Signal: Buy
Current Market Cap: A$60.43M
Learn more about RIM stock on TipRanks’ Stock Analysis page.