Rimfire Pacific Mining Limited ( (AU:RIM) ) has provided an announcement.
Rimfire Pacific Mining Limited has reported promising results from its diamond drilling program at the Murga site, indicating high-grade scandium potential. This comes at a crucial time as global scandium supplies face threats due to Chinese export restrictions, which could impact countries like the USA that rely on imports for manufacturing and defense needs. Rimfire’s recent completion of a 200-hole air core drilling program at the Currajong Scandium Prospect aims to further establish the Fifield Scandium District as a secure, long-term supplier of scandium. The company is also exploring new opportunities at the Rabbit Trap Scandium Project and reviewing historic data at the Broken Hill Base Metal Project to identify new drill targets.
More about Rimfire Pacific Mining Limited
Rimfire Pacific Mining Limited is an ASX-listed company focused on the exploration of critical minerals, particularly scandium, within the Fifield and Broken Hill districts of New South Wales. The company’s primary strategic focus is building a critical mass of scandium in the Fifield Scandium District.
YTD Price Performance: -42.50%
Average Trading Volume: 2,111,144
Technical Sentiment Signal: Buy
Current Market Cap: A$57.91M
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