Rimfire Pacific Mining Nl

What Rimfire Pacific Mining Nl does

Rimfire Pacific Mining NL (ASX: RIM) is an Australia-based critical minerals exploration company headquartered in Melbourne. The company explores for nickel, cobalt, scandium, copper, gold, and platinum group elements (PGEs) across the Lachlan Orogen and Broken Hill districts of New South Wales — regions hosting world-class operating mines including Northparkes, Cadia, and Cowal. Its portfolio comprises 100%-owned projects (Green View Cobalt, Valley copper-gold, East Cowal, Rabbit Trap scandium) and earn-in projects (Avondale and Fifield, originally partnered with GPR). Recent activity has emphasized scandium, with mineral resource estimates increasing 300% at the Murga prospect and 61% at Currajong, supported by metallurgical test work demonstrating up to 90% scandium recoveries at atmospheric pressures.

Rimfire operates a pre-revenue business model in which value is created by discovering mineral orebodies and monetizing them through joint ventures, farm-outs, or asset sales to major mining companies. The go-to-market approach relies on securing earn-in partners (historically GPR) to fund exploration, with the company retaining ownership stakes in discovered resources. Capital is raised through small-to-mid equity placements and, historically, Australian government grants for drilling programs. Distribution occurs through direct negotiation with major miners rather than traditional product channels, and the company markets itself primarily through ASX announcements, investor presentations, and conference appearances.

The company employs 11-50 people and has been led by Managing Director David Hutton since 2022. Recent strategic moves include terminating the GPR earn-in arrangements on Avondale and Fifield (2024), divesting the Cowal Project to refocus on scandium (May 2025), acquiring the Rabbit Trap Scandium Project (March 2026) and Firenze/Theseus gold-copper projects (November 2025), and completing multiple equity raises totalling approximately $7.15M AUD across March and July 2025.

Name

Rimfire Pacific Mining Nl

Legal name

Rimfire Pacific Mining Limited

Website

https://rimfire.com.au

Company type

Public

Founded year

2003

Operating status

Operating

Headcount range

11–50 employees

Short description

Rimfire Pacific Mining NL (ASX: RIM) is a pre-revenue Australian mineral exploration company focused on discovering critical minerals (cobalt, nickel, scandium, copper, gold, PGEs) in NSW's Lachlan Orogen and Broken Hill districts for eventual sale, joint venture, or farm-out to major mining companies.

Ownership category

akta.pro rank

Product category

Critical Minerals Exploration

NAICS

Support Activities for Metal Mining (213114), Other Metal Ore Mining (21229), Copper, Nickel, Lead, and Zinc Mining (212230)

SIC

Metal Mining (1000), Gold And Silver Ores (1040), Miscellaneous Metal Ores (1090)

akta.pro primary industry

Exploration & Resource Development (Critical Minerals) (IMAKAFAL)

akta.pro secondary industries

Exploration & Production Drilling Services (RC, Core, Directional, Sonic, Auger) (IMAKAKAB), Gold Mining (IMAKAEAA)

Keywords

• Mineral exploration services
• Critical minerals discovery
• Cobalt scandium exploration
• Copper gold prospecting
• Mining tenement exploration

Headquarters

HQ city

Melbourne

HQ country

Australia

HQ region

Oceania

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Technology or R&D, Infrastructure

Revenue model

1. Mineral exploration and discovery: Rimfire is a pre-revenue exploration company. It generates value by discovering mineral deposits, then monetizing through joint ventures, farm-outs, or direct sale of assets to major mining companies. Revenue will come from milestone payments, earn-in contributions from partners, and ultimately from sale or development of discovered orebodies.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels6 records

Core offering

Rimfire Pacific Mining is an ASX-listed critical minerals exploration company that acquires and explores mineral tenements in the Lachlan Orogen and Broken Hill districts of New South Wales, Australia. The company discovers orebodies of cobalt, nickel, scandium, copper, gold, and platinum group elements (PGEs), then monetizes through joint ventures, farm-outs, or asset sales to major mining companies.

Product overview

Rimfire Pacific Mining Limited is a critical minerals exploration company with a portfolio of 100%-owned projects and joint venture earn-in projects in New South Wales, Australia. The company explores for critical minerals including nickel, cobalt, scandium, copper, gold, and platinum group elements (PGEs) in the world-class Lachlan Orogen and Broken Hill districts. The core 100%-owned projects include the Green View Cobalt Project, Valley Project (copper-gold), East Cowal Copper Gold Project, and the Rabbit Trap Scandium Project. The earn-in projects include Avondale (GPR earning up to 75%) and Fifield (GPR earning up to 50.1%), both prospective for critical materials essential for renewable energy, electrification, and green technologies.

Differentiator

Problem solved

Functional benefit

Products and services

• Green View Cobalt Project

Quantifiable outcome

• Murga Scandium MRE increases by 300% (April 2026)
• +2 more outcomes

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Five partnerships are on record, tiered core and minor.

• Global Critical Minerals AdvisorcoreStrategic or Co-development Partner · 8 July 2026Rimfire appointed a global critical minerals advisor to support its exploration and development activities in New South Wales. The advisor provides strategic guidance on critical mineral projects including nickel, cobalt, copper, and platinum group elements essential for renewable energy and decarbonization. The appointment aligns with growing global demand for critical minerals as countries and industries accelerate their clean energy transitions.
• GPR (Global Precious Metals/GPR Massy)coreStrategic or Co-development Partner · 29 October 2024GPR was an earn-in partner at the Fifield Project (earning up to 50.1%). The earn-in agreement was terminated in 2024. GPR had been funding exploration work at Fifield in exchange for an ownership stake, with Rimfire retaining a significant interest. Arbitration proceedings related to the termination were ongoing as of late 2024.
• GPR (Global Precious Metals/GPR Massy)coreStrategic or Co-development Partner · 29 October 2024GPR was an earn-in partner at the Avondale Project (earning up to 75%). The earn-in agreement was terminated in 2024. GPR had been funding exploration work at Avondale in exchange for an ownership stake. As of June 2026, Rimfire was set to secure 60% of the Avondale Project.
• Cobalt Blue Holdings LtdminorOthersRimfire's Green View Cobalt Project is located immediately west and northwest of Broken Hill and covers targets including the interpreted along strike extension to Cobalt Blue Holdings' Railway Cobalt Deposit (COB: ASX). Not a formal partnership but a geographic/proximity relationship between projects in the same district.
• Kincora Copper LtdminorOthersRimfire's Valley Project is located 5km west of Kincora Copper's Mordialloc porphyry copper gold discovery (KCC.ASX) in the highly prospective Lachlan Fold Belt. Not a formal partnership but a geographic proximity relationship - both companies exploring in the same district.

Scale indicators4 records

Recent moves12 records

Expansion highlights5 records

Direct peers

• Alkane Resources: ASX-listed (ALK) gold-copper explorer-developer in the Lachlan Orogen with the Tomingley mine and Boda discovery. Comparable NSW porphyry gold-copper exposure at a more advanced stage, providing a benchmark for Rimfire's development trajectory.
• Cobalt Blue Holdings: ASX-listed (COB) cobalt explorer with the Railway Cobalt Deposit at Broken Hill. Rimfire's Green View Project covers interpreted along-strike extensions of the same mineral system, giving them directly comparable geology and exploration stage.
• Kincora Copper Limited: ASX-listed (KCC) porphyry copper-gold explorer in the Lachlan Fold Belt, NSW. Rimfire's Valley Project sits 5km from Kincora's Mordialloc discovery, making them directly comparable neighbours with shared geology and target style.
• Godolphin Resources: ASX-listed (GRL) gold-copper explorer in the Lachlan Fold Belt, NSW. Comparable small-cap explorer with similar target commodity mix and identical NSW Lachlan Orogen geology.
• Mincor Resources: ASX-listed (MCR) nickel-copper-gold producer/explorer with Kambalda WA exposure. Comparable small-cap critical minerals base-metals model with adjacent exposure to PGE and battery-relevant commodities.
• Peel Mining: ASX-listed (PEX) base and precious metals explorer with Cobar/NWS NSW exposure. Comparable regional jurisdiction, similar size scale, and overlapping critical minerals focus including copper and cobalt.

Broad incumbents

• Jervois Global: ASX-listed (JRV) cobalt-nickel developer. Comparable critical minerals focus with similar end-markets (battery materials) and provides a relevant benchmark for what a successful critical-minerals junior-to-mid-tier transition looks like.
• New Gold Inc. Former earn-in partner at Rimfire's Fifield Project (2016). A mid-tier Canadian gold-copper producer providing a relevant comparator for the type of major mining partner Rimfire is targeting for farm-out or asset sale.

Emerging players

• Australian Mines Limited: ASX-listed (AUZ) critical minerals explorer focused on cobalt, nickel, scandium, and REEs. Comparable small-cap critical minerals exploration model with similar pre-revenue, asset-stage profile to Rimfire.

Regional players

• Aurelia Metals: ASX-listed (AMI) base and precious metals producer operating in NSW (Cobar region). Comparable Australian-listed operator focused on critical/industrial minerals with similar jurisdictional exposure to Rimfire.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

• YouTubevimeo.com/rimfirepacific
• LinkedInlinkedin.com/company/rimfire-pacific-mining-nl

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Rimfire Pacific Mining Nl