Rimfire Pacific Mining (RIM) Q3 2025 TU earnings summary

Executive summary

• Achieved best scandium grades to date at Murga through diamond drilling, confirming high-grade laterite and pyroxenite-hosted mineralisation.

• Completed 200-hole air core drilling at Currajong, with first assays expected late April 2025 and remainder by early June 2025.

• Initiated land access for Rabbit Trap drilling and began review of historic VTEM data at Broken Hill for new base metal targets.

• Raised $3.65M via share placement and option conversion to support ongoing exploration.

• Positioned to benefit from global scandium supply constraints due to Chinese export restrictions.

Financial highlights

• Raised $2M from share placement and $1.65M from option exercise, totaling $3.65M before costs.

• Cash balance at 31 March 2025 was $3.3M.

• Net cash used in operating activities for the quarter was $(344)K; investing activities used $(324)K.

• Net cash from financing activities was $3.33M for the quarter.

Outlook and guidance

• First Currajong assay results expected late April 2025, with full results by early June 2025.

• Successful drilling at Currajong could underpin a maiden scandium mineral resource estimate.

• Results from Broken Hill VTEM review expected in early May 2025 to guide next exploration steps.

• Estimated 5.15 quarters of funding available at current expenditure rates.