Rimfire Pacific Mining (RIM) AGM 2024 presentation summary

Investment highlights

• Holds the largest scandium-prospective landholding in Australia's key scandium region, Fifield, NSW, with an initial Mineral Resource Estimate (MRE) of 5Kt Scandium Oxide and an additional exploration target of 15–46Kt Scandium Oxide.

• Team has over 20 years of local operating experience and includes highly credentialed technical and management professionals.

• High-impact exploration programs are underway, aiming for MRE upgrades and resource expansion by the end of the financial year.

Scandium market and strategic importance

• Scandium is valued for its lightweight, strength-enhancing properties, especially in aerospace, defense, transportation, and solid oxide fuel cells.

• Global scandium supply is highly constrained, with estimated consumption of 30–40 tonnes per year and no single dedicated mine.

• Western economies are seeking secure, long-term scandium supply due to geopolitical risks.

Project portfolio and resource details

• Fifield region is dominated by three companies, with this entity holding the largest prospective area and significant upside potential.

• Maiden resources at Melrose and Murga North total 5Kt Scandium Oxide, with Murga Exploration Target estimated at 15–46Kt Sc Oxide.

• Initial leaching tests have shown scandium recoveries up to 90%.

• Additional projects include high-grade cobalt at Broken Hill and copper-gold targets at Cowal and Valley, with commercial partnerships being pursued.