Rimfire Pacific Mining (RIM) Q4 2025 TU earnings summary

Executive summary

• Confirmed Currajong as a high-grade scandium opportunity with multiple strong drill intercepts during the June 2025 quarter.

• Entered an Option to Purchase Agreement for the Cowal Copper Gold Project, valued at up to $700K if milestones are met.

• Raised $3.5M post-quarter via a well-supported share placement to fund exploration and working capital.

• Arbitration with Golden Plains Resources (GPR) was unsuccessful; termination notices for key earn-in agreements set aside.

Financial highlights

• Cash at 30 June 2025 was $0.95M, excluding proceeds from the recent placement.

• Net cash used in operating activities for the quarter was $(1.9)M; net cash used in investing activities was $(0.57)M.

• $3.5M raised through the issue of 233.3M shares at $0.015 per share, a 29% discount to 5-day VWAP.

• Estimated quarters of funding available at quarter end was 0.37, expected to improve with placement proceeds.

Outlook and guidance

• Final Currajong assay results expected soon to underpin a maiden mineral resource estimate by end of September 2025.

• Planning underway for Murga Exploration Target drilling, aiming for a resource estimate by March 2026.

• Land access negotiations ongoing for Rabbit Trap Project, with drilling targeted by March 2026.

• Review of Broken Hill VTEM data to generate new base metal targets, with next steps to be determined in August 2025.