Rimfire Pacific Mining (RIM) Update / Briefing Transcript

Rimfire Investor Briefing Webinar Summary Company Overview - Company: Rimfire - Industry: Critical minerals, specifically scandium - Listing: ASX listed resources company - Location: Lachlan origin and Broken Hill Districts, New South Wales, Australia Key Points and Arguments 1. Capital Raise: Rimfire recently announced a capital raise of $3,500,000 to fund exploration plans for its scandium projects in the Firefield District, which is recognized as Australia's scandium epicenter [2][4] 2. Project Portfolio: The company is focused on exploring and developing scandium deposits, with significant landholdings in Central New South Wales [4][33] 3. High Scandium Grades: Rimfire has identified high scandium grades in several prospects and aims to upgrade its scandium resource inventory by 2026 [5][6] 4. Exploration Targets: The company has three main exploration targets: - Carajong: Targeting a mineral resource estimate by September 2023 [6][27] - Merga: Aiming to convert the exploration target into a mineral resource estimate by Q1 2024 [7][27] - Rabbit Trap: A 100% owned project with potential for new scandium drill targets [29][31] 5. Geological Advantage: The Firefield area has a unique geological setting with ultramafic rocks that are conducive to scandium deposits, with over 74% of Australia's known scandium located in this region [17][18][20] 6. Supply Constraints: Scandium is currently supply constrained, with the US relying on imports from China and Russia, highlighting the strategic importance of developing a secure supply in Australia [14][16] 7. Market Value: The value of scandium is exceptionally high, with prices ranging from $134,000 to $500,000 per ton depending on processing methods [15] 8. Collaboration with Other Companies: Rimfire is one of four companies (including Rio Tinto, Sunrise Energy Metals, and Australian Mines) exploring the Firefield area, with some degree of collaboration among them [46][48] 9. Government Support: The New South Wales government is establishing a scandium working group to support the development of critical minerals in the Firefield area [49] Additional Important Content - Joint Venture with Golden Plains Resources: The arbitration with joint venture partner Golden Plains Resources has been resolved, allowing Rimfire to move forward with exploration programs [35][36] - Potential for Gold and Silver: Rimfire is also considering the economics of the suppressor deposit, which contains gold and silver, in light of rising gold prices [44][45] - Future Plans: The company is focused on building a globally significant scandium resource inventory and promoting the Central New South Wales area as a key source for scandium [34][51]