Rimfire Pacific Mining Limited · ASX:RIM

Rimfire Pacific Mining — Rimfire Pacific Mining NL — Shareholder Meeting (November 2009)

63 slides from Rimfire Pacific Mining's shareholder meeting presentation, Nov 19, 2009

1. Slide 1: Rimfire Pacific Mining NL AGM 2009

   For personal use only rimfire pacific mining nl (ASX “RIM”) John Kaminsky Executive Chairman & Exploration Management Peter Temby Colin Plumridge (AGM 19th November 2009) 19 November, 2009 Rimfire Pacific Mining NL - AGM 2009 1

2. Slide 2: Project Areas

   Rimfire Pacific Mining NL – Project Areas For personal use only  Exploration projects within NSW: Fifield Platinum  Only dedicated Pt mining in Australia, alluvial resource was not exhausted, hard rock not understood  Gold Potential  Base Metal Potential Bingara Diamonds  Copeton-Bingara Aust

3. Slide 3: Company Profile

   Company Profile (13th November 2009) For personal use only Shares on Issue • 312M Ordinary FP • 7.5M call options @ $0.12 Sept 2010 Market Cap. Approx $6.6 M (pre-options @2.1 cents) Share Price Movement • 2009 High 2.8 cent, Low 1.0 cent Shareholders Profile • Management 14% • Top 20 Holders 34% •

4. Slide 4: The Board & Management

   The Board & Management For personal use only John Kaminsky Joined the Board in May 2004, and has a diverse background (Executive Chairman) internationally, in trade, investment & consulting. Has an MBA (MBS), and B App Sci. Chairman since Dec 2004. Graham Billinghurst Became a Director in May 1999 a

5. Slide 5: Rimfire Share Price

   Rimfire Share Price (12 months Comparison chart) For personal use only Rimfire 19 November, 2009 Rimfire Pacific Mining NL - AGM 2009 5

6. Slide 6: Platinum Market and Price Trend

   Platinum Market and Price Trend Price of Platinum in USD per oz For personal use only Rimfire secure EL’s 98/99  Pt at A$1,500 level mark Automotive and Jewellery –key drivers!  Platinum sales in China grew 81% Year on Year  Increased by >400,000 ounces in Jewellery  75% Industrial Demand for Pt

7. Slide 7: Rimfire Pacific Mining NL Summary

   Rimfire Pacific Mining NL Summary Technical and Management Team expanded well established For personal use only Clear exploration plan in place, “focus on commercial Pt opportunity at Fifield” Further advances in the period Maintaining a regular work rate in the field Consolidated Processing Ca

8. Slide 8: Exploration Overview

   Exploration Overview (Major focus on Platina – Gillenbine Pit One Area) For personal use only  “Fifield” - Mineralised Context  Platinum Historical background at Fifield  “Platina-Gillenbine” Area Focus for Pt  “Pit One” Area Bedrock Exploration  “Tile One” Bedrock sampling  Gravels, Tributari

9. Slide 9: Fifield Platinum Major Project Areas

   Fifield Platinum Rimfire Major Project Areas For personal use only Ivanhoe Group (USA)  RIM has five exploration licences  Approx 500km2  2 Mineral claims and a Bulk Disturbance permit “Pit One” Historic Soil Mine Platina 1920’s 19 November, 2009 Rimfire Pacific Mining NL - AGM 2009 9

10. Slide 10: District Trends – Good Address!

    District Trends – Good Address! (Along strike) For personal use only  Lachlan Lineament – Major Mineralised corridor  Tout Complex at Fifield Orientation – Confirms lineament position  Pt in some Shears with this orientation at Fifield 19 November, 2009 Rimfire Pacific Mining NL - AGM 2009 10

11. Slide 11: Fifield Project Area Overview

    Fifield Project Area Overview For personal use only Project Areas Established at Fifield (Programs conducted in the period within EL5534 and EL6241)  Project Areas now identified “Sorpresa” “Goldengreen” (Gossanous Breccia Au)  Platinum Coarse Grain (Au in sediments)  Possible Intrusion related “

12. Slide 12: Mineralisation Zoning At Fifield

    Mineralisation Zoning At Fifield For personal use only Rift Margins Pt is the dominant focus Major Corridor Au zoning evident Some dominant areas Base Metal Potential VMS Style Other with Au Diverse Mineralisation  Underexplored historically  Commercial Potential worth pursuing 19 November, 2009 R

13. Slide 13: Fifield Platinum (History and perspective)

    Fifield Platinum (History and perspective)  Fifield is the only historically significant Platinum field in Australia For personal use only  No substantial workings for more than 70 years  Was the British Empire’s largest producer in 1890’s.  Platinum and Gold alluvials were discovered in 1887. 

14. Slide 14: Fifield Platinum (Characterisation and Origin)

    Fifield Platinum (Characterisation and Origin) For personal use only  The Platinum is of a primary genesis - a hard rock source.  Not Accretion or Secondary accumulation  The coarse grain Platinum occurs in the alluvials, eluvium, “subsoil clay” and “weathered bedrock”  This Platinum is expected

15. Slide 15: Untraveled Coarse Primary Pt Grains

    Untraveled Coarse Primary Pt Grains (Binocular Examination) For personal use only 3mm Bedrock Source, Trenches and Pit One Repeatable in various locations “In situ” in several instances Re-entrant angle Pt grains Pt Crystals Short travelled Pt Grain, angular and indented Beneath Sub Soil Clay Contou

16. Slide 16: Advances in Knowledge of Pt Mineralisation at Fifield

    Advances in Knowledge of Pt Mineralisation at Fifield For personal use only Issue of Difference in the modern era of Prior to Rimfire Rimfire Advance Exploration Drainage Direction Interpreted from Owendale North to South South to North & Tout complexes to Fifield Rift Valley Setting Not seen Recogn

17. Slide 17: Exploration at Fifield

    Exploration at Fifield - Main Presentation Objectives For personal use only Review of Pt Exploration at Platina-Gillenbine Discussion on Pit One Platinum Exploration Bedrock Sampling and Gravels at Pit One Priorities and Target Potential at Fifield 19 November, 2009 Rimfire Pacific Mining NL - AGM 2

18. Slide 18: Primary Platinum Conceptual Mineralisation Model

    Primary Platinum Conceptual Mineralisation Model For personal use only Silurian- Devonian Sediments Pit One? KARS? Schematic Diagram showing primary Pt mineralisation style, based on Owendale Complex, Fifield NSW (Modified From Turvey, 1990) and adapted for comparative purpose by Rimfire as a demons

19. Slide 19: Shear Zone Model for Pt Mineralisation

    Shear Zone Model for Pt Mineralisation For personal use only Tr24a, sheared exposure Contact with dyke rock 19 November, 2009 Rimfire Pacific Mining NL - AGM 2009 19

20. Slide 20: Key Pt Exploration Observations at Platina-Gillenbine

    Key Pt Exploration Observations at Platina-Gillenbine For personal use only • A Geological control • Mapping discovered • RC Drilling & Aircore Pt Bedrock • We have a model, shear • Ground Geophysics Source zones • Manifestation of shear zones Extensive • Magnetics, Gravity, will have diversity work

21. Slide 21: Rimfire's Bedrock Pt Exploration Approach to Date

    Rimfire’s Bedrock Pt Exploration Approach to Date For personal use only Regional Soil sampling grids to determine Pt anomalism – Successful AND Significant Results 1. Chosen for freehold access & easier Infill Soil grid to tune high grade Pt area permitting 2. It is a good 4. The Market should not c

22. Slide 22: Ebenezer Platinum in Soil Anomaly

    Ebenezer Platinum in Soil Anomaly - Technique using Auger Drill for detailed early stage examination “Pit 1 Area” For personal use only  Auger Drill Program  Sample and profile bedrock  Trenching & Bulk Sampling  Complex area at the margin of valley Other target Auger Drill Traverse 10m Spacings

23. Slide 23: Eastern Pt Shear Zone Platina-Gillenbine

    “Eastern Pt Shear Zone” Platina-Gillenbine - soil sampling contours & mapping For personal use only Extensive Shear Zone identified (2008) >1km length (open) Parallel to Platina-Gillenbine Shear (2006)(“Central Shear”) Evidence of probable additional shears Forms the basis for major work area Centra

24. Slide 24: Pit One Exploration commenced 2008

    Pit One Exploration commenced 2008 - A Geological Control Discovered on Pt Trench 24 & 24A For personal use only Mapped Trench 24 in “Cross Section View” Coarse Pt recovered in these sections  Veins subtle in trench section  Soft and contrast to surrounding rock  Plan view now taken later to Note

25. Slide 25: Pit One Exploration - A Geological Control Discovered

    Pit One Exploration - A Geological Control Discovered on Pt For personal use only Mapped Trench 24 and 24a in “Plan View”  Cross cutting Veins contain Pt, Au, Cr (Tr20, Tr24, Tr24a)  A Geological & Structural control  Veins 1cm to 30cm width  Cluster distribution Cr, Pt 2m  Cr as a “pathfinder”

26. Slide 26: Pit One and Mineral Claim Overview

    Pit One and Mineral Claim Overview For personal use only •Lessons in trenching important for investigation at Pit One Pit One •Window on Geological Control Established Trenching •Bedrock testing 50m x 50m gravel removed •10m x 10m Tile into 1m of bedrock •Complex Geology in plan view Pit One Area •S

27. Slide 27: Pit One and Mineral Claim – Trial Mining

    Pit One and Mineral Claim – Trial Mining For personal use only • Approx. 3,000mt of gravel through plant • Mining technique and dilution April 2009 minimisation learning curve AMG55 AGD 66 Blocks A, B, • “backfill” encountered” C, D Mined • Largest nugget to date 7.4g Pt •2,500m2 Bedrock exposed •Be

28. Slide 28: Outcomes to date from Gravel Removal Pit One

    Outcomes to date from Gravel Removal Pit One For personal use only Possible Commercial target generation as a “Means to an end” in determining the hard 0.7m gravel rock position for Pt Mineralogy of Pt & Au recovered was further confirmation on primary nature of Pt Bedrock exposure and structure

29. Slide 29: Pit One Bedrock Testing Commenced

    Pit One Bedrock Testing Commenced! - Preparation of Tile One for Sampling For personal use only Complex stockworks of alteration and gossanous veins now visible 1m Before All is revealed with careful cleaning! After 19 November, 2009 Rimfire Pacific Mining NL - AGM 2009 29

30. Slide 30: Tile One within Pit One Mapped

    Tile One within Pit One Mapped - Complex Geology and dynamic For personal use only 2.5m 10m  Spectacular Structural Complexity  The Pt Shear Zones are dynamic in structure and rock alteration  Complex fault patterns traverse areas Complex Fault lines, micro brecciation of: Minor fault lines  Bre

31. Slide 31: Tile One within Pit One - Sections

    Tile One within Pit One - Sections (Sections mapped and sampled) For personal use only  First 10m x 10m Tile 1m  Sections 2.5m x 2.5m  Bedrock mined off 1 metre below gravel  Thoroughly cleaned contamination removed  Incredibly complex geological structure in plan view – “spectacular” 2.5 m 19

32. Slide 32: Tile One within Pit One - Sections (Sampling)

    Tile One within Pit One - Sections (Sampling) For personal use only 2.5 m  Sampling all the important positions – 30cm into exposed floor – 200~400kg scale size  More than 18 locations sampled  Pt already recovered in early sampling (plus Au, Cr)  Geochemistry and mineralogy to follow  More til

33. Slide 33: Tile One - Complex Geology

    Tile One - Complex Geology For personal use only 1a in 3D section top side thick slab of intensely veined sediment Stockworked altered and veined sediment 2 1b in plan view top of slab – 2 D view does not tell the story 19 November, 2009 Rimfire Pacific Mining NL - AGM 2009 33

34. Slide 34: Tile One - Complex Geology

    Tile One - Complex Geology gossanous brecciated For personal use only veins in sediment 3 oxidised altered sediment with gossanous veinlets 5 4 altered sediments with vein stockworks 19 November, 2009 Rimfire Pacific Mining NL - AGM 2009 34

35. Slide 35: Tile One - Complex Geology

    Tile One - Complex Geology For personal use only 6 altered sheared and veined sediment 7 gossanous brecciated veins in altered sediment 19 November, 2009 Rimfire Pacific Mining NL - AGM 2009 35

36. Slide 36: Auger Grid for Gravels, Tributaries & Lead Extension

    Auger Grid for Gravels, Tributaries & Lead Extension (Planned and partly drilled mainly on Rimfire freehold) For personal use only •Direct Hit Platina Lead Extension •900m north of known commercial workings •Conclusion, Lost, Lower Grade? Auger Hole •Good News Either way, provides knowledge on 601 s

37. Slide 37: Additional Bulk Sample Areas for Discussion

    Additional Bulk Sample Areas for Discussion (Platina – Gillenbine) For personal use only Central Shear New “Ambit Area” being considered for Bulk Sampling Permit • Approx 30~35 hectares • Sample selected areas only within this Subsoil Clay (SSC) previously contoured for Pt grade here “Pit One” • Cen

38. Slide 38: The Work Program Concept for Commercial Definitions

    The Work Program Concept for Commercial Definitions - Layered Bedrock Pits, Gravel Profiles, SS Clay Geometry For personal use only • Pt Tonnes & Grade 2 • Characteristics The goal is Shear Zone, Gravel • Water retention geological & Breccia structural controls on ore orientation and Layers • Remedi

39. Slide 39: Critical Next Steps for Review

    Critical Next Steps for Review For personal use only Finalise more detailed costings Proceed with Bulk Disturbance plan Tune Go/No Go refinement and Continue sampling Proceed to financial on bedrock submit application cost (trenches, for “ambit bulk” upgrade plant models potential assessment slots a

40. Slide 40: Platina – Gillenbine Corridor Target Objective

    Platina – Gillenbine Corridor Target Objective (Conceptual Target Pt potential) For personal use only • Strike 1.3 km strike, open ended • Width, 200m (open) • Assuming weathered, easy mining conditions (40~60m approx.) • Gravity recoverable Pt, low capital cost and low operational cost • Internally

41. Slide 41: Other Mineralisation at Fifield - Priorities

    Other Mineralisation at Fifield - Priorities For personal use only Sorpresa Goldengreen Eastern Rift Fifield Hard Margin Rock Au • Au & Base Metal • Au dispersed in • Au & Base Metal Old workings sediments at Eclipse, recently mapped • Potential for Eclipse North etc possible “Carlin Style Au” 19 No

42. Slide 42: Fifield Projects Sorpresa Au Prospect

    Fifield Projects Sorpresa Au Prospect For personal use only  Initially prospected with Auger drill, limited float (8.8g/t Au in rock sample)  RC Drill program intersection of Au, Pb, Ag, leaching trial  Dip not determined  Other workings 700m NE…known Pb and Au  Size potential strike 1km  Conv

43. Slide 43: Initial Geochemistry confirmed at Sorpresa

    Initial Geochemistry confirmed at Sorpresa “Plan View” Sorpresa Pb Geochemical Auger drill bedrock Anomaly and For personal use only Interpreted Mineralised Structure March 2009 Sorpresa Au Geochemical Auger drill bedrock Anomaly March 2009 Max Auger Au 1.56ppm April 2009 AMG55 AGD 66 When we have a

44. Slide 44: Possible Larger target Interpreted at Sorpresa

    Possible Larger target Interpreted at Sorpresa For personal use only Intrusive porphyry associated with a metamorphic aureole  Fifield Lead Mapping adds to hard rock Au workings  Magnetics and rock petrology indicate a possible larger Sorpresa target  1.1km x 0.5km anomaly  More geochemistry req

45. Slide 45: Goldengreen Area - Western Rift Margin, Au in Sediments

    Goldengreen Area - Western Rift Margin, Au in Sediments For personal use only  Au in Soil remobilised  Auger drill program confirms Au dispersed in sediments  We now conclude Auger results are a good proxy for fine Au in bedrock sediments  RC Drill program shows Au in Shears  Gridded auger dril

46. Slide 46: Eclipse North

    Eclipse North For personal use only April 2009 AMG55 AGD 66  Float Examination  FiR312 – 18g/t repeatable  Breccia with sulphide Gossan disseminated  Strike >500m  Hydrothermal- mesothermal style Au & base metal 19 November, 2009 Rimfire Pacific Mining NL - AGM 2009 46

47. Slide 47: Eclipse North (cont.)

    Eclipse North (cont.) For personal use only April 2009 AMG55 AGD 66  Similar look to Sorpresa  Wider Breccia Zone at 30m  Sulphides disseminated in veinlets & veins  Float examination for Base Metal also  Elevated Cu (& Pb) results  Undertake further sampling & auger drill for bedrock geochemi

48. Slide 48: Beyond Eclipse North Area

    Beyond Eclipse North Area For personal use only 3 new prospects, Venus Peck’s & Transit 3 Mapping, soils and rock float • Along strike from Eclipse North & similar observations in rock float Potential for Au and Base Metal Auger Drill best areas in soil 2 orientation 1 New Rock Chip Sample FiR203 sa

49. Slide 49: Au Potential Summary Fifield

    Au Potential Summary Fifield For personal use only  Mineralised Au styles not fully understood  Common features at Sorpresa, Eclipse Nth  Possibly overlying partially roofed intrusive  At the margins of magnetic anomalies 19 November, 2009 Rimfire Pacific Mining NL - AGM 2009 49

50. Slide 50: Project Discussion: Bingara Diamonds

    Project Discussion For personal use only Bingara Diamonds  The Objective is to locate the Primary hard rock Source(s)  The path to solving the 100 year riddle of known alluvial diamonds  A geological model, exploration and mounting evidence 19 November, 2009 Rimfire Pacific Mining NL - AGM 2009 5

51. Slide 51: Bingara Diamonds Project Status

    Bingara Diamonds Project Status For personal use only  Model Established  Exploration Method Established  Two confirmed Pipes 2007  HV No.1, HV No.2  Indicator Mineral Chemistry Positive (Composite grains HV No.1)  Further delineation required HVNo.2  Aggregate sufficient pipes for “bulk test

52. Slide 52: Mantle Garnet Types Bingara, by chemistry

    MANTLE GARNET TYPES (W-E) BINGARA, by chemistry (Stream Sediment Sampling Rimfire 2002) Andradite 100% For personal use only Lherzolite 50% Megacrysts HV2 HV1 Eclogite II 0% Eclogite I BC Trevallyn Tom & Jerry Minty (23) Capels Creek BC Glen Idle Nareena (101) Braemar Other (65) Five Mile (35) Pipe

53. Slide 53: Diamond Indicator Mineral Source Discovered

    “DIAMOND INDICATOR MINERAL SOURCE DISCOVERED” - EXPLOSIVE VOLCANIC BRECCIA “PIPE” (DIATREME) CONFIRMED SOUTH OF TOM AND JERRY MOUNTAIN (May 2007) For personal use only Composite Eclogitic Grain inter- Portion of garnets recovered auger hole 10 grown sized 1.0mm to 0.2mm from gross sample weight 15kg

54. Slide 54: Horton Valley No.1 Pipe

    “Horton Valley No.1 Pipe” (Tom & Jerry South Peak location) For personal use only Basanite caps Basement DIM Source – “Pipe” Bingara Diamond Project. 19 November, 2009 Rimfire Pacific Mining NL - AGM 2009 54

55. Slide 55: Horton Valley No.2 Pipe

    “Horton Valley No.2 Pipe” - Back Creek Glen Idle For personal use only Bingara Diamond Project NSW – Back Creek (Glen Idle) Surface and Near Surface geology Scale 250m Indicator Mineral Guide Probable Back Creek Glen Idle Vent “Horton Valley No. 2 Pipe” Crystal Fragments in Breccia? BC Hole 4 19 Nov

56. Slide 56: Horton Valley No.3 Pipe ?

    “Horton Valley No.3 Pipe ?” (Trevallyn work area) For personal use only N Trevallyn work area Trevallyn auger drill location BCT-Aug6, 50m upslope (220 ~ 300 incline) from historic stream sediment Trevallyn diamond (0.265K). “Xenocryst breccia rock” recovered (2007) in coarse scree above sub outcrop

57. Slide 57: Trevallyn Area - History and direction

    Trevallyn Area - History and direction For personal use only  Garnet chemistry in stream sampling very good (2002)  Diamond was found previously in drainage (2002) Rock sample with large  “MARID” suite rock newly crystals, up to 10cm discovered – Mantle Derived (2007)  New DIM in soils identifie

58. Slide 58: Update on Work Program at Trevallyn

    Update on Work Program at Trevallyn For personal use only  Soil Line sampling for “in situ indicators”  >1,000kgs sampling, processing  Binocular Review  Chemistry determination  Geophysics Review (airborne, ground)  Detailed mapping and structure review  Located additional MARID rock  Defin

59. Slide 59: In house Operating Plant and Infrastructure at Fifield

    “In house” Operating Plant and Infrastructure at Fifield For personal use only The ability to mobilise quickly, at our discretion, with low cost in customised exploration, on a daily basis – a core strength Dam 0.5 Hectares Indoor Sample Processing Gravity Recovery Plant Facility & Office Fine Grind

60. Slide 60: In house Operating Plant and Infrastructure at Fifield

    “In house” Operating Plant and Infrastructure at Fifield For personal use only Field use of Binocular Auger Drilling Microscope Excavation Loader Excavation Mineral Review Skid Auger Drill 19 November, 2009 Rimfire Pacific Mining NL - AGM 2009 60

61. Slide 61: Summary of Exploration Position

    Summary of Exploration Position For personal use only  Important exploration discoveries continue to be made by the Company  Work in the next year will be conducted in an improving global economic climate which should be favourable to metal prices  Pt in Bedrock is still the major focus, but smal

62. Slide 62: Contact us

    Contact us Thankyou For personal use only John Kaminsky Executive Chairman + 61 3 9620 5866 www.rimfire.com.au rimfire@rimfire.com.au Colin Plumridge & Peter Temby Exploration Team The information in the report to which this statement is attached that relates to Exploration Results is compiled by Mr

63. Slide 63: Disclaimer

    Disclaimer For personal use only This presentation contains “forward looking statements” as defined or implied in common law and within the meaning of the Corporations Law. Such forward looking statements may include, without limitation, (1) estimates of future capital expenditure; (2) estimates of

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