InvestSMART

Rimfire Pacific Mining Limited (ASX:RIM)

ALERT: Price-sensitive ASX Announcement for RIM
Current share price for RIM : $0.011 -0.001 (-8.33%)+
Announcement
Release
23 Jun 2026 9:21AM
Price at Release
$0.012
Full Release
download
Summary
Rimfire Pacific Mining Limited announced encouraging results from initial metallurgical bottle roll tests on scandium mineralisation from the Murga Deposit, which suggest the potential for significant scandium extraction at atmospheric pressures. The initial 14-day tests indicated scandium recoveries of 60-90% could be achieved with further testing. The Murga Deposit, characterized by low iron content, may benefit from less complex and capital-intensive processing techniques compared to other high iron deposits. Rimfire is conducting extended tests and exploring alternative processing methods to optimize scandium recovery and plans to provide regular updates.
Key Points
  • Initial bottle roll tests suggest potential for significant scandium extraction at atmospheric pressures.
  • The Murga Deposit has an inferred mineral resource estimate of 11,900 tonnes of Scandium Oxide.
  • Scandium recoveries of 60-90% could potentially be achieved with extended testing.
  • Murga's low iron content presents an opportunity for utilizing less complex processing techniques.
  • Further bottle roll tests and alternative processing methods are being conducted.
  • Regular updates on the progress of the metallurgy test work will be provided.
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.