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Rimfire Pacific Mining Limited (ASX:RIM)

ALERT: Price-sensitive ASX Announcement for RIM
Current share price for RIM : $0.011 0.001 (10%)+
Announcement
Release
9 Jun 2026 9:29AM
Price at Release
$0.010
Full Release
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Summary
Rimfire Pacific Mining Limited announced that it will secure a 60% interest in the Avondale Project. This announcement follows Golden Plains Resources' decision to vest a 40% interest as per the Avondale Earn In Agreement. The Avondale Project is situated in the Fifield District of New South Wales, known for its scandium resources adjacent to deposits from major companies like Rio Tinto and Sunrise Energy Metals. The project includes several scandium deposits such as Melrose, Currajong, and Murga, as well as prospects for gold and copper. Upon finalization, an unincorporated joint venture will be established with Rimfire as the manager, where both parties will fund future exploration and development activities proportionally based on their stakes.
Key Points
  • Rimfire to secure 60% interest in Avondale Project
  • Golden Plains Resources vests 40% interest under Avondale Earn In Agreement
  • Avondale located near major scandium deposits by Rio Tinto and Sunrise Energy Metals
  • Includes Melrose, Currajong, and Murga scandium deposits
  • Establishment of unincorporated joint venture with Rimfire as manager
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.