Rimfire Pacific Mining (RIM) Q1 2026 TU earnings summary

Executive summary

• Achieved a maiden Inferred Mineral Resource estimate for Currajong Prospect: 15.1Mt @ 137ppm Sc, totaling 2,059t Sc (3,163t Sc Oxide), increasing total scandium resource inventory by 61% to 5,449t Sc (8,333t Sc Oxide).

• Defined three new base metal drill targets at Broken Hill, prospective for copper, cobalt, lead, silver, and zinc.

• Completed a $3.5M capital raising via share placement to fund exploration and development activities.

Financial highlights

• Cash at 30 September 2025 was $1.74M, excluding Tranche 2 placement funds.

• Net cash used in operating activities for the quarter was $(1.80)M, with an additional $(0.26)M used in investing activities.

• Net cash from financing activities was $2.81M, primarily from equity issuance.

• Estimated quarters of funding available at period end was 0.85, impacted by a one-off $825K arbitration payment.

Outlook and guidance

• Air core drilling to commence at Murga Exploration Target and Rabbit Trap Project in December 2025 quarter.

• Ongoing evaluation of commercial options for Broken Hill Base Metal Project, including potential divestment or partnership.

• Additional $0.5M from Tranche 2 placement and $200K expected from Altitude Minerals post-quarter.