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Rimfire Pacific Mining Unveils New Base Metal Targets at Broken Hill

Story Highlights
  • Rimfire has identified three new base metal drill targets near Broken Hill.
  • The company is considering options like funding, partnerships, or divestment to enhance shareholder value.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Rimfire Pacific Mining Unveils New Base Metal Targets at Broken Hill

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Rimfire Pacific Mining Limited ( (AU:RIM) ) just unveiled an announcement.

Rimfire Pacific Mining Limited has identified three new drill targets for base metals at its Broken Hill Base Metal Project, following a review of historic geophysical and geological data. These targets, located near the prolific Broken Hill Line of Lode, are prospective for copper, cobalt, lead, silver, and zinc, and complement Rimfire’s existing cobalt targets. The company is exploring various commercial options to generate shareholder value, including sole funding exploration, partnering, or divestment, amidst a mining renaissance in the region. This strategic move could enhance Rimfire’s industry positioning and offer significant opportunities for stakeholders.

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’s primary products include base metals such as copper, cobalt, silver, lead, and zinc, with a particular market focus on the Broken Hill region in New South Wales, Australia.

Average Trading Volume: 2,313,478

Technical Sentiment Signal: Sell

Current Market Cap: A$35.42M

For an in-depth examination of RIM stock, go to TipRanks’ Overview page.

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