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Rimfire Pacific Mining Limited ( (AU:RIM) ) has shared an update.
Rimfire Pacific Mining reported significant progress in its December 2024 quarterly activities, highlighting high-grade scandium drill results at the Murga site and a strategic expansion with the Rabbit Trap Scandium Project acquisition. The company’s focus remains on scandium projects while postponing cobalt exploration at Broken Hill due to market conditions. Rimfire has secured $1.65M underwriting for its options and plans further exploration in the March 2025 quarter.
More about Rimfire Pacific Mining Limited
Rimfire Pacific Mining Limited is an ASX-listed company focused on exploring critical minerals, particularly scandium, within the Fifield and Broken Hill districts of New South Wales. The company is actively working on building a pipeline of projects that align with global decarbonization strategies.
YTD Price Performance: -15.00%
Average Trading Volume: 1,108,874
Technical Sentiment Consensus Rating: Hold
Current Market Cap: A$80.08M
For an in-depth examination of RIM stock, go to TipRanks’ Stock Analysis page.
