All a little bit strange......."At 30 June 2022, Rimfire had...

All a little bit strange.......

"At 30 June 2022, Rimfire had access to $0.60M of funding, with $0.27M held directly in Rimfire’s
account and $0.33M held in the Earn-in accounts for funding activities on the Fifield and Avondale
Earn In Projects.

As announced 30 June 2022, Rimfire Pacific Mining (the “Company”) has executed a Binding
Heads of Agreement with its exploration partner Golden Plains Resources Pty Ltd (GPR) to vary
and simplify the terms of the current Fifield Project Earn-in.
Under the terms of the Heads of Agreement, GPR will pay $2M cash (comprising $1.5M directly
to Rimfire for its own use (“Rimfire Corporate Payment”) and $0.5M for additional expenditure
under the earn-in “Additional Expenditure Payment”), which is in addition to remining exploration
payments of $1.5M due under the current Fifield Earn In agreement.
Upon receipt of all moneys ($3.5M in total), GPR will secure an additional 9.9% interest in the
Fifield Project (60% in total) and Rimfire will waive the requirement under the current Earn In
Agreement for GPR to provide funding to Rimfire for a development project.

The Company will provide an update in relation to receipt of funds from GPR by the
commencement of normal trading on Thursday, 4 August 2022."