Rimfire’s Murga Drilling Delivers Broad Scandium Hits as Resource Push Intensifies

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

Rimfire Pacific Mining has reported the first assay results from its late‑2025 air core drilling campaign at the Murga Exploration Target in NSW’s Fifield District, delivering multiple broad scandium intercepts across shallow laterite and saprolite zones. The program, comprising 86 holes over 2,384 metres, has so far returned significant scandium grades over intervals of up to 45 metres, and the company expects remaining assays by mid‑February 2026 and aims to publish a maiden Murga mineral resource estimate by the end of the March 2026 quarter. Successful conversion of Murga from an exploration target into a defined mineral resource would materially expand Rimfire’s existing scandium resource base of 5,449 tonnes of scandium (8,333 tonnes scandium oxide) at Fifield, strengthening its status in Australia’s scandium ‘hotspot’ and underpinning further technical work, including planned metallurgical testing of the Murga mineralisation.

The most recent analyst rating on (AU:RIM) stock is a Hold with a A$0.02 price target. To see the full list of analyst forecasts on Rimfire Pacific Mining Limited stock, see the AU:RIM Stock Forecast page.

More about Rimfire Pacific Mining Limited

Rimfire Pacific Mining Limited (ASX: RIM) is an exploration company focused on scandium and related critical minerals in the Fifield District of central New South Wales, regarded as Australia’s leading scandium region. The company is building a scandium resource inventory at projects including Melrose, Murga North, Currajong and now Murga, positioning itself as a significant player in this emerging specialty metals market.

Average Trading Volume: 2,095,037

Technical Sentiment Signal: Hold

Current Market Cap: A$49.79M

For detailed information about RIM stock, go to TipRanks’ Stock Analysis page.