Rimfire Pacific Mining Unveils High-Grade Scandium Potential at Currajong

Historic Data Highlights New Scandium Opportunity

Rimfire Pacific Mining (ASX: RIM) has announced a significant development at its Currajong Prospect, located within the Fifield district of central New South Wales. A recent review of historic drilling data, originally focused on nickel, cobalt, and platinum group elements, has revealed compelling scandium mineralisation that had not been fully assayed in previous campaigns.

The historic drill results include multiple intercepts with scandium grades exceeding 100ppm, such as 32 metres at 287ppm scandium from 16 metres depth, and several other intervals with grades approaching or exceeding 300ppm. These findings confirm Currajong as a new high-grade scandium target for Rimfire.

Geological Context and Resource Potential

The scandium mineralisation is hosted within a shallow, weathered ultramafic belt approximately 2.4 kilometres long, with a defined scandium zone measuring roughly 1,000 metres by 300 metres. This zone remains open both laterally and along strike, indicating potential for resource expansion. Geological interpretation suggests the scandium is concentrated in the lower saprolite of ultramafic rocks, a setting consistent with other scandium deposits in the region.

Currajong’s location within the Fifield scandium epicentre positions it strategically alongside Rimfire’s existing Mineral Resources at Melrose and Murga North, as well as the broader Murga Exploration Target. Together, these assets underpin Rimfire’s ambition to build a globally significant scandium resource inventory.

Upcoming Drilling Program and Strategic Focus

Subject to regulatory approvals, Rimfire plans to commence an extensive air core drilling program at Currajong in late February 2025. The program envisages up to 200 holes totaling approximately 10,000 metres, designed to infill and extend the known scandium mineralisation. This drilling will be fully funded by Rimfire and aims to provide the data necessary for a maiden Mineral Resource estimate.

The company has secured land access agreements with relevant property owners and intends to complete drilling and rehabilitation by late April 2025, aligning with local agricultural cycles. Following Currajong, drilling activities will resume at the Murga Exploration Target, where recent reconnaissance has identified promising scandium source rocks.

Market and Strategic Implications

Scandium is increasingly recognised for its critical role in advanced technologies, including aerospace alloys and fuel cells, making Rimfire’s expanding resource base particularly timely. The confirmation of Currajong as a high-grade scandium opportunity enhances Rimfire’s position in this niche but strategically important market.

While the drilling program’s success depends on regulatory approvals and assay results, the historic data provides a strong foundation for optimism. Investors will be watching closely as Rimfire advances its exploration activities in the coming months.