Rimfire Pacific Mining Limited · ASX:RIM
Rimfire Pacific Mining — Investor Presentation (November 2023)
32 slides from Rimfire Pacific Mining's investor presentation, Nov 6, 2023
Slide 1: Corporate Presentation - NSW Critical Minerals Focus November 2023
For personal use only Scandium Cobalt PGEs Copper Nickel Corporate Presentation - NSW Critical Minerals Focus November 2023
Slide 2: Disclaimer & Competent Person Statements
Disclaimer & Competent Person Statements For personal use only 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 Compe
Slide 3: Investment Highlights
Investment Highlights For personal use only Enviable tenement holding in world renowned Lachlan Orogen and Broken Hill Districts (NSW) with demonstrated prospectivity for Critical Minerals and Copper - Gold deposits Two Rimfire projects located adjacent to 3rd party projects with Federal Government
Slide 4: Corporate Overview - RIM.ASX
Corporate Overview - RIM.ASX For personal use only 12 Month Share Price (range: 0.5 to 1.0c) 2.10B 220.3m 1.5c 1.0c 0.5c Shares on issue Options $0.01 $23.0m Share price Market cap (fully diluted) Trevor Nairn - 7.09% Anton Billis - 6.56% GPR - 4.28% $540K* ~$22.0m Management - 3.15% Cash Enterprise
Slide 5: Proven Discovery Team
Proven Discovery Team For personal use only 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 experi
Slide 6: Management Team
Management Team For personal use only Ian McCubbing • Non-Executive Chair Andrew Knox • Non-Executive Director Ian was appointed Non-Executive Director and Chairman Andrew was appointed Non-Executive Director of the of the Board in 2016. He has over 30 years experience, Board in March 2020. A qualif
Slide 7: Why Critical Minerals?
Why Critical Minerals? For personal use only • 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 factor
Slide 8: Scandium & Platinum Group Elements (PGEs) Market
Scandium & Platinum Group Elements (PGEs) Market For personal use only • Principal uses of Sc in aluminium-scandium alloys and solid oxide fuel cells (SOFCs) • Scandium Oxide current price ~ US$927,000 per tonne¹ • Demand forecast to increase >2.5x by 2040 driven by the Hydrogen economy 7% • The use
Slide 9: Copper, Nickel and Cobalt
Copper, Nickel and Cobalt For personal use only • Copper is the 3rd most consumed metal globally & is essential to an electrified (decarbonised) future • Global copper market = US $283.4B in 2021, and it is expected to reach US $394.21B by 2029² • Over the next decade, investment in new copper proje
Slide 10: Australian Scandium Resources
Australian Scandium Resources For personal use only 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
Slide 11: Scandium – Fifield / Avondale
Scandium – Fifield / Avondale For personal use only • Rimfire’s Fifield and Avondale Projects located within the NSW Owendale Deposit scandium epicentre 70 kilometres NW of Parkes Sunrise Deposit Melrose RIM/GPR Murga RIM/GPR • Within same geological domain as the Sunrise Battery Minerals Complex (S
Slide 12: Shared scandium geology
Shared scandium geology For personal use only • Fifield / Avondale scandium shares the same geology with Sunrise and Owendale • All lie within a 10km radius of each other Rio Tinto - Owendale • Scandium (+/- nickel and cobalt) mineralisation occurs within weathered laterite and saprolitic clays deve
Slide 13: The geology of Fifield scandium – part 1
The geology of Fifield scandium – part 1 For personal use only Host rocks & weathering • Pyroxenite host rocks (Ordovician age) • Variably magnetic • Typically, 30 - 50ppm Sc in fresh host rock • During weathering of pyroxenite – Ca and Mg are lost & Sc becomes enriched along with Al, Mn, Fe, Co and
Slide 14: The geology of Fifield scandium – part 2
The geology of Fifield scandium – part 2 For personal use only Supergene processes • Percolation of ground waters through zones of porosity, i.e., fault zones during weathering • Reduction in profile • ~10x increase in Sc grades in saprolite clays • Sc dispersed more widely in saprolite compared to
Slide 15: The geology of Fifield scandium – part 3
The geology of Fifield scandium – part 3 Downhole from surface For personal use only 21m @ 529ppm Sc from 3 metres Melrose drillhole – FI2397 0.0 to 29.7 metres 15
Slide 16: A staged and systematic exploration approach
A staged and systematic exploration approach For personal use only Managing geological complexity Scandium intercept • Issues to consider; spurious magnetic effects, lateral geochemical dispersion, non – uniform weathering Stage 1 Drilling • Stage 1 – Reconnaissance drilling to determine significanc
Slide 17: Melrose Nickel Cobalt Scandium
Melrose Nickel Cobalt Scandium For personal use only • 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 ($1.6M spent to date) • High – grade Ni Co Sc (+PGEs) mineralisation within flat-lying lateritised and weathere
Slide 18: Melrose – high grade drill intercepts
Melrose – high grade drill intercepts For personal use only • 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 me
Slide 19: New Murga Scandium
New Murga Scandium For personal use only • 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 ($3.85M spent to date) • Sc mineralisation within flat-lying weathered zone developed over
Slide 20: Murga Scandium – initial drill intercepts
Murga Scandium – initial drill intercepts For personal use only • 3m @ 132ppm Sc from 3 metres in FI2425 • 18m @ 164ppm Sc from surface in FI2426 including 6m @ 208ppm Sc from 3 metres • 5m @ 125ppm Sc from 3 metres in FI2427 • 6m @ 131ppm Sc from 15 metres in FI2429, • 6m @ 106ppm Sc from 3 metres
Slide 21: Multiple Scandium targets at Murga
Multiple Scandium targets at Murga For personal use only • Historic 500m x 250m auger sampling has defined multiple Sc anomalies at surface that follow-up • Large area • Most previous exploration focussed on testing for gold and PGEs on the Sorpresa Gold Deposit which lies immediately to the east of
Slide 22: Currajong Nickel Cobalt Scandium
Currajong Nickel Cobalt Scandium For personal use only • Avondale Earn In Project with GPR • Nickel cobalt scandium mineralisation within laterite zone developed over 2.5 km long ultramafic 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
Slide 23: Currajong Nickel Cobalt Scandium
Currajong Nickel Cobalt Scandium For personal use only • Nickel cobalt scandium mineralisation within laterite zone developed over 2.5 km long ultramafic 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 • Strongly anomalous PGEs within un
Slide 24: Metallurgical test work
Metallurgical test work For personal use only • Independent Metallurgical Operations Pty Ltd (IMO) developing a conceptual processing flowsheet with aim of optimising recovery and production of a combined nickel – cobalt – scandium (Ni Co Sc) product from Melrose using atmospheric pressures • Head a
Slide 25: Key Scandium takeaways
Key Scandium takeaways For personal use only Central west of NSW (Parkes District) has some of the highest-grade scandium deposits in the world Deposits and prospects characterised as either purely scandium (Murga) or mixed with cobalt and nickel (Melrose) Parkes District scandium projects dom
Slide 26: Other Rimfire Critical Mineral Projects
Other Rimfire Critical Mineral Projects For personal use only Bald Hill Cobalt – Broken Hill (100% owned) • Potential area of Future Critical Mineral supply • Adjacent to Cobalt Blue’s (COB.ASX) Broken Hill Cobalt Project (BHCP) – (Total Resources 123Mt @ 0.07% Co) Bald Hill • COB’s project has Fede
Slide 27: Rimfire 2023 high-grade Bald Hill drill results
Rimfire 2023 high-grade Bald Hill drill results For personal use only • 3 diamond holes drilled to test significance of historic drill intercepts • Sulphide (pyrite – pyrrhotite) rich horizon in quartz – albite gneiss host rock • Rimfire drilling intersected high-grade cobalt in sulphides over very
Slide 28: Bald Hill cobalt sulphides
Bald Hill cobalt sulphides For personal use only Py Po 28
Slide 29: Other Rimfire Critical Mineral Projects
Other Rimfire Critical Mineral Projects For personal use only 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 – G
Slide 30: Indicative Activity and News flow Schedule
Indicative Activity and News flow Schedule December 23 Qtr. March 24 Qtr. June 24 Qtr. For personal use only Ground magnetics & mapping – Bald Hill Broken Hill RIM funded Heritage Assess – Bald Hill / Staurolite Ridge RC / Diamond drilling – Bald Hill Valley / Cowal Regional target generation Curraj
Slide 31: Appendix – References
Appendix 1 – References For personal use only 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 Austr
Slide 32: For personal use only
For personal use only 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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