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Rimfire Pacific Mining Limited ( (AU:RIM) ) has issued an update.
Rimfire Pacific Mining Limited has announced strong scandium assay results from its first scandium-focused air core drilling program at the Currajong Scandium Prospect. The drilling, which covered a 1.7-kilometer strike, revealed multiple strong scandium intercepts, suggesting potential extensions beneath the drill holes. This development is timely as global scandium supply faces challenges due to export restrictions from China, the largest producer. The results will support the estimation of a maiden scandium mineral resource expected in September 2025, positioning Rimfire as a potential long-term, secure scandium supplier for Western markets.
More about Rimfire Pacific Mining Limited
Rimfire Pacific Mining Limited is a company operating in the mining industry, primarily focusing on the exploration and development of scandium resources. The company is involved in projects within the Fifield District, known as Australia’s scandium epicenter, and has a significant landholding in this area. Rimfire is working in partnership with Golden Plains Resources under an Earn In agreement to develop the Currajong Scandium Prospect.
Average Trading Volume: 2,096,801
Technical Sentiment Signal: Sell
Current Market Cap: A$35.42M
See more data about RIM stock on TipRanks’ Stock Analysis page.