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An update from Rimfire Pacific Mining Limited ( (AU:RIM) ) is now available.
Rimfire Pacific Mining Limited has announced the commencement of a fully funded air core drilling program at its 100% owned Rabbit Trap Scandium Project in central New South Wales. This initiative follows the acquisition of necessary regulatory and land access approvals and aims to explore multiple scandium-prospective magnetic anomalies. The project strategically enhances Rimfire’s scandium exploration efforts in the region, potentially contributing to a globally significant scandium resource inventory. The drilling is set to begin in December 2025, post-agricultural activities, and could have significant implications for the company’s operations and industry positioning.
More about Rimfire Pacific Mining Limited
Rimfire Pacific Mining Limited is a company focused on the exploration and development of scandium and other critical minerals in central New South Wales, Australia. The company is actively involved in projects like the Rabbit Trap Scandium Project, which aims to expand its scandium resource inventory in the region.
Average Trading Volume: 3,189,617
Technical Sentiment Signal: Sell
Current Market Cap: A$40.87M
For detailed information about RIM stock, go to TipRanks’ Stock Analysis page.