Rimfire Pacific Mining (RIM) Investor Update summary

Capital raise and exploration plans

• Recently completed AUD 3.5 million capital raise to fund exploration in the Fifield District, central New South Wales, a key scandium region.

• Proceeds will support advancing multiple scandium prospects toward resource estimates, with a focus on Currajong, Murga, and Rabbit Trap projects.

• Targeting a mineral resource estimate for Currajong by September and for Murga by Q1 2026.

• Rabbit Trap, a 100% owned project, will see initial drilling after crop harvest and land access agreements.

• Three parallel work programs aim to build a globally significant scandium resource inventory.

Strategic positioning and partnerships

• Holds the largest landholding over prospective ultramafic rocks in Australia's scandium epicenter.

• Joint venture agreements with Golden Plains Resources at Fifield and Avondale have been reinstated after arbitration.

• Collaboration and communication ongoing with neighboring scandium developers (Rio Tinto, Sunrise, Australian Mines).

• New South Wales government is forming a Scandium Working Group involving all four major companies.

Scandium market and project potential

• Scandium is a high-value, supply-constrained critical mineral with applications in aerospace, defense, and decarbonization.

• Central New South Wales contains over 74% of Australia's known scandium resources.

• Rimfire's ground offers multiple prospects and potential to match or exceed resource bases of competitors.

• Murga Exploration Target alone could host up to 46,000 tonnes of scandium oxide.