Rimfire Pacific Mining's Currajong Scandium Prospect Shows Promise with Air Core Drilling Results

Strategic Insights -

Rimfire Pacific Mining's Currajong Scandium Prospect, located in the Fifield District of New South Wales, Australia, has yielded promising results from a recent air core drilling program. The program, which saw 200 holes drilled on a regular grid pattern, has confirmed the prospectivity of the area with a 1,700 x 400-meter-long trending corridor of scandium mineralization. The drilling has also highlighted the extensional potential at Currajong, with numerous portions of the scandium corridor remaining open laterally, and multiple holes ending in scandium.

Key Takeaways:

  • The Currajong Scandium Prospect has been confirmed as a significant scandium deposit, with a 1,700 x 400-meter-long trending corridor of mineralization identified.
  • The drilling program has highlighted the extensional potential at Currajong, with numerous portions of the scandium corridor remaining open laterally, and multiple holes ending in scandium.
  • Approximately 25% of the 200 air core holes drilled ended in anomalous scandium, suggesting the potential for increased downhole widths of scandium mineralization.
  • The Currajong Scandium Prospect is located within the Avondale Project, which is subject to an Earn In agreement with Rimfire's exploration partner Golden Plains Resources (GPR).
  • Under the terms of the agreement, GPR can earn up to a 75% interest by completing expenditure of $7.5 million, with $2.275 million spent to date.

Statistics:

  • 200 air core holes were drilled on a regular grid pattern over magnetic anomalies that define the 3-kilometer-long scandium-prospective Currajong Ultramafic Belt.
  • The drilling program has resulted in multiple strong scandium intercepts, including:

+ FI2827: 15m @ 280 ppm Sc (429 ppm Sc Oxide)

+ FI2825: 10m @ 234 ppm Sc (359 ppm Sc Oxide)

+ FI2781: 14m @ 194 ppm Sc (298 ppm Sc Oxide)

+ FI2768: 24m @ 189 ppm Sc (290 ppm Sc Oxide)

  • Approximately 25% of the 200 air core holes drilled ended in anomalous scandium (100ppm Sc).

Sources:

  • "Rimfire Pacific Mining Limited, Annual General Meeting, 23 June 2025, ASX Announcement"
  • "Rimfire Pacific Mining Limited, Currajong Ultramafic Belt, Press Release, 23 June 2025, ASX Announcement"
  • "Rimfire Pacific Mining Limited, Avondale Project, Press Release, 8 May 2025, ASX Announcement"