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Rimfire Pacific Mining Initiates Exclusive Option Period for Cowal Project

Story Highlights
  • Rimfire Pacific Mining confirms a 6-month exclusive option with Copper Search for the Cowal Project.
  • The agreement includes a $50,000 fee and waiver from Sandfire, impacting Rimfire’s strategic positioning.
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Rimfire Pacific Mining Initiates Exclusive Option Period for Cowal Project

Confident Investing Starts Here:

Rimfire Pacific Mining Limited ( (AU:RIM) ) has provided an update.

Rimfire Pacific Mining Limited has confirmed the commencement of a 6-month exclusive option period with Copper Search Limited for its Cowal Project, located east of the Cowal Gold Mine in central New South Wales. This follows the receipt of a $50,000 cash option fee and the waiver of Sandfire Resources Limited’s right of first refusal. The agreement marks a significant step for Rimfire as it potentially paves the way for future development opportunities, impacting its operational strategy and positioning within the mining industry.

More about Rimfire Pacific Mining Limited

Rimfire Pacific Mining Limited is a company operating in the mining industry, focusing on exploration and development of mineral resources. Its primary activities involve the exploration of gold and copper deposits, with a market focus on expanding its resource base in central New South Wales, Australia.

Average Trading Volume: 2,679,588

Technical Sentiment Signal: Sell

Current Market Cap: A$47.84M

Learn more about RIM stock on TipRanks’ Stock Analysis page.

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