Rimfire's strategic scandium drilling initiative

Rimfire Pacific Mining (ASX:RIM) has launched an infill scandium drilling program at the Murga Exploration Target, part of its Fifield Project in central New South Wales. The 50-hole aircore drilling initiative is designed to enhance scandium resource estimates, with results expected by late November 2024.

Outlook on Rimfire's scandium exploration efforts

Rimfire Pacific Mining is actively progressing its scandium exploration efforts at the Murga Exploration Target within the Fifield Project. The newly commenced infill drilling program is a pivotal step in refining the scandium resource estimates. With earlier results showing significant mineralization, the company is optimistic about converting the target into a Mineral Resource estimate, thereby advancing its goal of establishing a globally significant scandium resource inventory. Funded solely by Rimfire, this initiative underlines the company's commitment to advancing its exploration portfolio, with anticipated updates by late November 2024.

Rimfire's executive insights on drilling program

The current program, consisting of 50 holes covering 1,500 meters, aims to infill previous drilling results to better define scandium grade zones and mineralization thickness. Success in this phase may lead to converting the Murga Exploration Target into a Mineral Resource estimate.