How Rimfire’s Maiden Currajong Resource Could Reshape Scandium Supply

Maiden Currajong Scandium Resource Marks Significant Milestone

Rimfire Pacific Mining has taken a major step forward in its quest to build a globally significant scandium resource with the announcement of a maiden inferred mineral resource estimate at its Currajong prospect in New South Wales. The estimate totals 15.1 million tonnes at 137 parts per million scandium, equating to 2,059 tonnes of scandium metal, or 3,163 tonnes of scandium oxide. This addition represents a 61% increase in Rimfire’s scandium inventory, now standing at 5,449 tonnes of scandium metal across its Fifield district projects.

The Currajong resource remains open both laterally and vertically, with further drilling planned to better define and expand the deposit. Metallurgical test work is also recommended to confirm metal recoveries and evaluate other elements that may impact processing or product quality.

Expanding Exploration Across Fifield and Rabbit Trap

Beyond Currajong, Rimfire is advancing exploration at its Murga Exploration Target and the 100%-owned Rabbit Trap project, with air core drilling scheduled to commence imminently. These projects lie within the broader Fifield scandium district, a region gaining strategic importance amid global supply constraints. Notably, China currently controls approximately two-thirds of global primary scandium feedstocks and refines 90% of the world’s supply, making Rimfire’s secure Australian holdings increasingly valuable.

Rimfire’s exploration strategy focuses on building critical mass in scandium resources, leveraging the district’s unique geology characterized by weathered ultramafic rocks hosting scandium-enriched laterite horizons. The company’s recent reconnaissance drilling at Rabbit Trap has identified promising scandium anomalies, with multiple untested magnetic targets offering potential for new discoveries.

New Base Metal Targets at Broken Hill

In parallel with its scandium efforts, Rimfire has identified three high-priority drill targets for base metals including copper, cobalt, silver, lead, and zinc at its 100%-owned Broken Hill project. This follows a comprehensive review of historic airborne electromagnetic data and surface geochemical sampling. The targets include potential extensions to known cobalt sulphide mineralisation and new opportunities within a geologically prospective region renowned for its rich mineral endowment.

Rimfire is currently evaluating commercial options for advancing exploration at Broken Hill, including sole funding, joint ventures, or divestment, reflecting a pragmatic approach to unlocking value from this asset.

Capital Raising and Corporate Developments

To support its exploration programs and corporate activities, Rimfire completed a $3.5 million equity placement during the quarter at 1.5 cents per share, issuing over 233 million new shares. The placement was conducted in two tranches, with participation from directors signaling confidence in the company’s prospects. Alongside the capital raise, Rimfire resolved ongoing legal proceedings with its joint venture partner Golden Plains Resources, concluding arbitration and assuming responsibility for its own costs, thereby removing a significant overhang.

At quarter end, Rimfire held $1.74 million in cash, positioning it to execute planned drilling campaigns and continue evaluating new critical minerals opportunities. The company remains focused on expanding its scandium resource base while exploring complementary base metal prospects.