Ann: Scandium Exploration Update, page-2

Scandium Exploration Update
Highlights
 Aircore drill program (100 holes / 2,664 metres) completed at the
Murga Scandium Prospect across 20km² area to determine extent
and continuity of scandium mineralisation
 2,185 drill samples from Murga aircore drilling submitted for multi
element analysis with results expected by late April 2024
 JORC Resource drilling (~ 2,000 metres RC / Diamond) at the
Melrose Scandium-Cobalt Prospect to commence late this week
with Resource Estimate expected by mid-June 2024
 Further leach test work focussed on maximising scandium
recoveries along with XRD and petrological studies to commence
shortly
 All activities fully funded by Rimfire’s exploration partner - GPR
Rimfire Pacific Mining (ASX: RIM, “Rimfire” or “the Company” is pleased
to provide an update on multiple scandium exploration activities currently
underway on the Murga and Melrose Scandium Prospects which are
located approximately 70 kilometres northwest of Parkes within central
NSW on the Company’s Fifield and Avondale Projects (Figures 3 and 4).
Commenting on the announcement, Rimfire’s Managing Director Mr
David Hutton said: “Rimfire is focused on exploring for critical minerals
that are associated with global decarbonisation strategies and provides
investors with unique exposure to scandium – an extremely valuable metal.
Globally, western governments and advanced manufacturers are looking
to secure long term supplies of critical minerals such as scandium from
stable political jurisdictions, at quantities many times the current annual
global production. Rimfire believes its Murga and Melrose Prospects offer
significant opportunities in terms of deposit size and grade.
We are building strong momentum across our scandium prospects with the
completion of the Murga aircore drill program and imminent
commencement of the Melrose JORC Resource drilling. With ongoing
metallurgical test work and other geological studies, 2024 is shaping up as
a pivotal year for Rimfire and its shareholders”.