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Rimfire Pacific Mining Limited ( (AU:RIM) ) has provided an update.
Rimfire Pacific Mining Limited has amended its Murga Diamond Drilling Update to include additional details following a request by the ASX. The company’s first-ever diamond drilling program at the Murga Exploration Target has identified potential pyroxenite rocks, which are believed to be the source of scandium in the area. This discovery, alongside the successful mapping of pyroxenite rocks using magnetic data, highlights the significant potential of the Murga site. Rimfire plans to use this information to convert the exploration target into a mineral resource estimate, which could enhance its strategic positioning within the critical minerals sector.
More about Rimfire Pacific Mining Limited
Rimfire Pacific Mining Limited is a critical minerals exploration company involved in identifying and developing mineral resources. The company focuses on exploring scandium and other minerals in Australia, aiming to advance its projects towards resource estimation and development.
YTD Price Performance: -7.50%
Average Trading Volume: 1,159,963
Technical Sentiment Consensus Rating: Hold
Current Market Cap: A$87.15M
For an in-depth examination of RIM stock, go to TipRanks’ Stock Analysis page.
