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An announcement from Rimfire Pacific Mining Limited ( (AU:RIM) ) is now available.
Rimfire Pacific Mining Limited has announced the commencement of an infill air core drilling program at the Murga Exploration Target, located near the Syerston Scandium Deposit in Australia’s Fifield District. This initiative aims to convert the exploration target into a mineral resource, potentially expanding Rimfire’s existing scandium resource inventory. The drilling, which is self-funded by Rimfire due to a lack of support from its exploration partner, Golden Plains Resources, is expected to enhance the company’s resource base and strengthen its position in the scandium market. The results of this drilling program are anticipated to be available by the March 2026 quarter, with subsequent drilling planned at the Rabbit Trap Scandium Project.
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 scandium resources. The company is actively working in the Fifield region of Australia, an area known for its scandium deposits, and aims to consolidate its position as a leading player in this niche market.
Average Trading Volume: 4,281,306
Technical Sentiment Signal: Sell
Current Market Cap: A$38.63M
For an in-depth examination of RIM stock, go to TipRanks’ Overview page.