Rimfire Pacific Mining Limited · ASX:RIM
Rimfire Pacific Mining — MiningNews Select Conference 2024
23 slides from Rimfire Pacific Mining's conference presentation, Mar 18, 2024
Slide 1: Scandium – Uses, Supply and Rimfire
Investor Presentation February 2024 Scandium – Uses, Supply and Rimfire MARCH 2024
Slide 2: Disclaimer & Competent Person Statements
2 Investor Presentation March 2024 DISCLAIMER & COMPETENT PERSON STATEMENTS FORWARD LOOKING STATEMENTS DISCLAIMER COMPETENT PERSONS DECLARATION This document contains “forward looking statements” as defined or implied The information in the report to which this statement is attached in common law an
Slide 3: Rimfire Investment Highlights
3 RIMFIRE INVESTMENT HIGHLIGHTS Investor Presentation March 2024 Projects located in richly endowed Lachlan Orogen and Broken Hill districts of NSW Exploring for high - grade scandium, cobalt and PGE deposits Very experienced geological team with local operating knowledge High impact work programs a
Slide 4: Our Projects
4 OUR PROJECTS Investor Presentation March 2024 Fifield / Avondale – Scandium, Cobalt, PGEs Cowal (RIM 100%) – Copper, Gold • Lachlan Orogen - centred on the Fifield District, 70 km • Lachlan Orogen – located immediately east of the Cowal NW of Parkes, NSW Gold Mine (9.6Moz gold) • Exploration Partn
Slide 5: Corporate Overview – RIM.ASX
5 CORPORATE OVERVIEW – RIM.ASX Investor Presentation March 2024 2.22B 253.6M Shares on issue Options (1.25 – 2c) $0.035 ~$75M Market cap Share price (undiluted) $1.2M* Top 20 - 43% Cash 12 MONTH SHARE PRICE AND VOLUME * Cash reported at end Dec 23 Qtr. Excludes additional $66K held in JV accounts an
Slide 6: Proven Discovery Team
6 PROVEN DISCOVERY TEAM Investor Presentation March 2024 DR PETER CROWHURST PAUL WRIGHT Geology Manager Technical Consultant Peter has over 25 years of exploration experience Key role in discovery of Cadia East principally in the areas of project generation, field evaluation, project execution and s
Slide 7: Scandium (Sc) Market
7 SCANDIUM (Sc) MARKET Investor Presentation March 2024 • Scandium is considered a critical mineral by western governments • Principal uses; scandium – aluminium alloys (Sc Al) and solid oxide fuel cells (SOFCs) • Sc Al alloys - lightweight, and high-strength (green solutions for the transport, aero
Slide 8: Australian Scandium Resources
8 AUSTRALIAN SCANDIUM RESOURCES Investor Presentation March 2024 CENTRAL NSW EPICENTRE • Australia represents a favourable “supply” jurisdiction for the US and its allies • NSW has some of the highest-grade scandium deposits in the world • Centred on the Fifield District, 70 km NW of Parkes, NSW • N
Slide 9: Scandium – Fifield District
9 SCANDIUM – FIFIELD DISTRICT Investor Presentation March 2024 • Rimfire’s Fifield and Avondale Projects located 70 km NW of Parkes within the NSW Scandium epicentre SRL • The major companies are moving in RIO • Rio Tinto’s recent purchase of Burra [Owendale] for US$14M • Evolution’s recent purchase
Slide 10: Fifield Scandium Geology
10 FIFIELD SCANDIUM GEOLOGY Investor Presentation March 2024 • Ural Alaskan type mafic / ultramafic complexes • Typically hosted by laterite and saprolitic clays Rio Tinto - Burra • Burra [Owendale] Total (Measured, Indicated and Inferred) Resource of 610Kt @ 655ppm Sc, 0.44g/t Pt, 0.20%Ni, and 0.14
Slide 11: Fifield Scandium Geology
11 FIFIELD SCANDIUM GEOLOGY Investor Presentation March 2024 HOST ROCKS & WEATHERING • During weathering of pyroxenite host rock – Scandium becomes enriched along with Al, Mn, Fe, Co and Pt Scandium • Scandium present in weathered laterite and saprolite clays • 5 - 10x increase in Sc grades in sapro
Slide 12: Melrose Scandium Cobalt
12 MELROSE SCANDIUM COBALT Investor Presentation March 2024 • Avondale Earn In Project with GPR. • GPR earning up to a 75% spending $7.5M ($1.9M spent to date) • High-grade Sc Co (+PGEs) mineralisation within flat-lying laterite zone at surface • First pass sighter leach test work achieves 40% Sc an
Slide 13: Melrose – High Grade Drill Intercepts at Surface
13 MELROSE – HIGH GRADE DRILL INTERCEPTS AT SURFACE Investor Presentation March 2024 • 21m @ 0.11% Ni, 0.07% Co, and 529ppm Sc, from 3 metres in FI2397 including 9m @ 0.17% Ni, 0.15% Co and 688ppm Sc from 14 metres • 2.3m @ 0.15% Ni, 0.08% Co and 461ppm Sc from 3 metres and 5.0m @ 0.68% Ni, 0.07% Co
Slide 14: Murga Scandium
14 MURGA SCANDIUM Investor Presentation March 2024 • Fifield Earn In Project with GPR. • GPR earning up to 50.1% by spending $4.5M and committing to 5 kilometres development funding ($4.15M spent to date) • Sc mineralisation within flat-lying laterite over pyroxenite host rocks • Initial Rimfire dri
Slide 15: Size Comparison
15 SIZE COMPARISON Investor Presentation March 2024 • Murga vs Melrose at same scale 5 kilometres Melrose Scandium Prospect 900 metres 400 metres 4 kilometres Murga Scandium Prospect
Slide 16: Indicative Activity and News Flow Schedule
16 INDICATIVE ACTIVITY AND NEWS FLOW SCHEDULE Investor Presentation March 2024 March 24 Qtr. June 24 Qtr. Melrose – Metallurgical test work Avondale Scandium Melrose – JORC Resource drill out Regional Target Generation Fifield Murga – aircore drilling (100 holes) Complete Castillo transaction Cobalt
Slide 17: Key Rimfire Takeaways
17 KEY RIMFIRE TAKEAWAYS Investor Presentation March 2024 Rimfire offers unique ASX Scandium exposure Located within the NSW Scandium epicentre Very experienced technical team with extensive local operating knowledge Multiple Scandium prospects at surface with target pipeline being rapidly d
Slide 18: Appendices – References & Additional Information
18 APPENDICES – REFERENCES & ADDITIONAL INFORMATION Investor Presentation March 2024 Technical information referred to in this presentation has been sourced from the following ASX Announcements: • Sunrise Energy Metals (ASX: SRL) – Sunrise Project Awarded Major Project Status, 6 Dec 2021 • Cobalt Bl
Slide 19: Management Team
19 MANAGEMENT TEAM Investor Presentation March 2024 Ian McCubbing • Non-Executive Chair David Hutton • Managing Director David has over 30 years of exploration experience, with Ian was appointed Non-Executive Director and Chairman key expertise in greenfields exploration, project discovery, of the B
Slide 20: Rimfire 100% Owned Critical Mineral Projects
20 RIMFIRE 100% OWNED CRITICAL MINERAL PROJECTS Investor Presentation March 2024 BROKEN HILL COBALT PROJECT • A high-grade counter cyclic play for Rimfire • Adjacent to Cobalt Blue’s (COB.ASX) Broken Hill Cobalt Project (BHCP) – (Total Resources 123Mt @ 0.07% Co) Bald Hill • COB’s project has Federa
Slide 21: Bald Hill Cobalt Sulphides
21 BALD HILL COBALT SULPHIDES Investor Presentation March 2024 Py Po
Slide 22: Other Rimfire Projects – Partnership Opportunity?
22 OTHER RIMFIRE PROJECTS – PARTNERSHIP OPPORTUNITY? Investor Presentation March 2024 VALLEY COPPER – GOLD (100% OWNED) • 34 km west of CMOC’s Northparkes Copper Gold Mine (1.96Mt copper & 2.33Moz gold) • Rimfire drilling has confirmed Northparkes host rocks • Near surface copper potential requires
Slide 23: For further information, please contact Greg Keane
For further information, please contact Greg Keane (CFO / Investor Relations): +61 (0) 497 805 918 Rimfire Pacific Mining rimfire@rimfire.com.au @NIRimfire
Rimfire Pacific Mining — MiningNews Select Conference 2024 on 6ix