Rimfire Pacific Mining (ASX:RIM) Reports Scandium Assay Results
Drilling Results
Rimfire Pacific Mining (ASX:RIM) announced the first assay results from its Currajong drilling program, featuring multiple strong scandium intercepts. Highlights include 12m at 367 ppm Sc from FI2684 and 16m at 361 ppm Sc from FI2689. A total of 200 air core holes covering 6,457m were drilled, with assay results expected by mid-June 2025.
Strategic Importance
The scandium intercepts are located in the lower saprolite zone over ultramafic pyroxenite rocks, potentially underpinning a scandium mineral resource. This development is timely due to recent Chinese export restrictions, which limit global scandium supply and highlight the strategic value of Rimfire’s holdings in the Fifield Scandium District.
Executive Comments
Managing Director Mr. David Hutton stated, “These first assay results at Currajong represent some of the highest-grade scandium results Rimfire has produced in the Fifield region, and we look forward to receiving the rest of the results by mid-June. This work is taking place at a time when global supply of this strategically important critical mineral is being threatened by the recent Chinese restrictions on scandium exports.”
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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