Rimfire Pacific Mining advances scandium exploration

Rimfire Pacific Mining (ASX:RIM) has announced significant progress in its scandium exploration at the Murga site in central New South Wales, Australia. The latest drilling phase, consisting of 61 air core holes, has achieved the highest-grade scandium intercepts reported at this location.

Rimfire Pacific Mining's future plans and exploration strategy

Rimfire Pacific Mining Ltd's announcement highlights considerable advancements in its scandium exploration at the Murga site, with the recent drilling phase yielding the highest-grade intercepts to date. The company's strategy includes using magnetic data to target scandium-rich zones effectively. Significant upcoming activities comprise diamond drilling to acquire metallurgical samples and additional air core drilling in early 2025, aiming to transition the Murga Exploration Target into a Mineral Resource estimate. This progress underscores Rimfire's commitment to developing its scandium resources, which hold strategic importance as critical minerals. The project is part of the Fifield Project area, surrounded by major mining interests, and is compliant with JORC standards and regulatory requirements.

Executive commentary from Rimfire Pacific Mining

We are optimistic about converting the Murga Exploration Target into a defined Mineral Resource.