Rimfire Pacific Mining Limited · ASX:RIM
Rimfire Pacific Mining — Investor Presentation (February 2024)
28 slides from Rimfire Pacific Mining's investor presentation, Feb 5, 2024
Slide 1: Investor Presentation - February 2024
Scandium Cobalt PGEs Investor Presentation - February 2024
Slide 2: Disclaimer & Competent Person Statements
Disclaimer & Competent Person Statements Competent Persons Declaration The information in the report to which this statement is attached that relates to Exploration and Resource Results is based on information reviewed and/or compiled by David Hutton who is deemed to be a Competent Person and is a F
Slide 3: Investment Highlights
Investment Highlights Enviable tenement holding in world renowned Lachlan Orogen and Broken Hill Districts of New South Wales Demonstrated prospectivity for Critical Minerals BH LO Very experienced hands-on geological team with successful exploration track record & local operating knowledge BH - Bro
Slide 4: Corporate Overview - RIM.ASX
Corporate Overview - RIM.ASX 12 Month Share Price 2.22B 253.6M Shares on issue Options $0.025 $61.84M Share price Market cap (fully diluted) Top 20 - 41.48% $1.2M* ~$60M Other - 58.52% Cash Enterprise Value * Cash at end Dec 23 Qtr. Excludes additional $66K held in JV accounts and $250K received fro
Slide 5: Proven Discovery Team
Proven Discovery Team Dr Peter Crowhurst • Geology Manager Paul Wright • Technical Consultant Key role in discovery of Cadia East Peter has over 25 years of exploration experience principally in the areas of project generation, field Paul has over 30 years of exploration experience evaluation, proje
Slide 6: Why Critical Minerals?
Why Critical Minerals? • Critical minerals are metals, non-metals and minerals considered vital for the economic well-being of the world’s major and emerging economies, yet whose supply may be at risk due to geological scarcity, geopolitical issues, trade policy or other factors • They include Antim
Slide 7: Scandium (Sc) Market
Scandium (Sc) Market • Scandium is silvery metallic element that is considered a critical mineral by leading global governments and industries. • Principal uses in metal alloys and solid oxide fuel cells • Scandium - aluminium alloys allows for lightweight, high- 7% strength, and green solutions for
Slide 8: Cobalt (Co) Market
Cobalt (Co) Market • Cobalt is a key element in energy storage - preventing lithium-ion batteries from overheating & also have applications in renewable technologies such as wind turbines • EV growth driving Co demand Source: Benchmark Mineral Intelligence • 80% of global cobalt production from DRC
Slide 9: Platinum Group Elements (PGEs) Market
Platinum Group Elements (PGEs) Market • The PGEs consist of six elements that are grouped together on the periodic table - Ruthenium (Ru), Rhodium (Rh), Palladium (Pd), Osmium (Os), Iridium (Ir), and Platinum (Pt) • These elements have high melting points, outstanding wear and tarnish resistance, an
Slide 10: Australian Scandium Resources
Australian Scandium Resources Central NSW epicentre • NSW has some of the highest-grade scandium deposits in the world • NSW hosts scandium only projects and projects where scandium is a by-product alongside cobalt and nickel. • Strategically located within the Parkes District • NSW Government estab
Slide 11: Scandium – Fifield / Avondale
Scandium – Fifield / Avondale • Rimfire’s Fifield and Avondale Projects located within the NSW Burra RTX.ASX scandium epicentre 70 kilometres NW of Parkes Sunrise SRL.ASX Melrose RIM/GPR Murga RIM/GPR • The major companies are moving in Currajong RIM/GPR • Rio Tinto’s recent purchase of Burra [Owend
Slide 12: Shared scandium geology
Shared scandium geology • Fifield / Avondale scandium shares the same geology with Sunrise and Owendale • All lie within a 10km radius of each other Rio Tinto - Burra • Scandium (+/- nickel and cobalt) mineralisation occurs within weathered laterite and saprolitic clays developed over Ordovician – a
Slide 13: The geology of Fifield scandium
The geology of Fifield scandium Host rocks & weathering • Scandium – bearing pyroxenite host rocks (Ordovician age) • Variably magnetic host rocks • During weathering of pyroxenite – Sc becomes enriched along with Al, Mn, Fe, Co and Pt • 5 - 10x increase in Sc grades in saprolite clays • Sc disperse
Slide 14: What Sc mineralisation looks like in drill core
What Sc mineralisation looks like in drill core Downhole from surface 21m @ 529ppm Sc from 3 metres Melrose drillhole – FI2397 0.0 to 29.7 metres 14
Slide 15: A staged and systematic exploration approach
A staged and systematic exploration approach Managing geological complexity Scandium drill intercept • Issues to consider; spurious magnetic effects, lateral geochemical Stage 1 Drilling dispersion, non – uniform weathering • Stage 1 – Reconnaissance drilling to determine significance of magnetic an
Slide 16: Melrose Scandium Cobalt
Melrose Scandium Cobalt • Avondale Earn In Project with GPR. • GPR funding all work • GPR right to earn up to a 75% interest by completing expenditure of $7.5M ($1.65M spent to date) • High-grade Sc Co Ni (+PGEs) mineralisation within flat-lying laterite zone over pyroxenite host rocks • New Sc sear
Slide 17: Melrose – high grade Sc drill intercepts
Melrose – high grade Sc drill intercepts • 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 and 302ppm Sc from 16 metres in FI2398 • 4.
Slide 18: Murga Scandium
Murga Scandium • Fifield Earn In Project with GPR. • GPR funding all work • GPR earning up to a 50.1% interest by completing expenditure of $4.5M and committing to development funding ($4.15M spent to date) • Sc mineralisation within flat-lying laterite zone over pyroxenite host rocks • Little if an
Slide 19: Murga Scandium – initial drill intercepts
Murga Scandium – initial drill intercepts • 3m @ 132ppm Sc from 3 metres in FI2425 • 18m @ 164ppm Sc from surface in FI2426 including 6m @ 208ppm Sc • 5m @ 125ppm Sc from 3 metres in FI2427 • 6m @ 131ppm Sc from 15 metres in FI2429, • 6m @ 106ppm Sc from 3 metres in FI2430 • 27m @ 188ppm Sc from sur
Slide 20: Currajong Scandium Cobalt PGEs
Currajong Scandium Cobalt PGEs • Avondale Earn In Project with GPR • Scandium cobalt mineralisation within laterite zone developed over 2.5 km long ultramafic intrusive unit • 34m @ 0.29% Ni, 0.15% Co, and 101ppm Sc from 6 metres including 16m @ 0.27% Ni, 0.22% Co, and 120ppm Sc • Historic PGE drill
Slide 21: Rimfire 100% Critical Mineral Projects
Rimfire 100% Critical Mineral Projects 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 Federal Government Major Project Status with new
Slide 22: Bald Hill cobalt sulphides
Bald Hill cobalt sulphides Py Po 22
Slide 23: Other Rimfire Projects – partnership opportunity?
Other Rimfire Projects – partnership opportunity? 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 testing Cowal Copper – Gold (100% ow
Slide 24: Indicative Activity and News flow Schedule
Indicative Activity and News flow Schedule March 24 Qtr. June 24 Qtr. Currajong – Infill drilling Scandium & PGEs Avondale Melrose – Metallurgical test work Melrose – Infill drilling / Resource estimate Fifield Murga – Complete Stage 1 drilling Sc Complete Castillo transaction Cobalt & Copper Broken
Slide 25: Key Rimfire takeaways
Key Rimfire takeaways Enviable tenement holding in world renowned Lachlan Orogen and Broken Hill districts of NSW Critical Minerals – Scandium, Cobalt, PGEs Rimfire offers unique ASX Scandium exposure Focussed on High-Grade Very experienced technical team with extensive local operating kno
Slide 26: Management Team
Management Team Ian McCubbing • Non-Executive Chair David Hutton • Managing Director Ian was appointed Non-Executive Director and Chairman David has over 30 years of exploration experience, with of the Board in 2016. He has over 30 years experience, key expertise in greenfields exploration, project
Slide 27: Appendix 1 – References
Appendix 1 – References 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 Blue Holdings (ASX: COB) – Grant of Australian Major Project St
Slide 28: 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
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