Rimfire Pacific Mining Limited Spotlights Currajong as a Prime High-Grade Scandium Prospect Amid Global Supply Constraints
Monday, June 23, 2025
at
8:55 am
Rimfire Pacific Mining Limited's latest drill results confirm the Currajong project as a high-grade scandium opportunity. With strong assay intercepts and upcoming resource estimates, the company is well positioned amid tightening global scandium supplies influenced by recent Chinese export restrictions.
Rimfire Pacific Mining Limited has reported highly encouraging drill assay results from its Currajong Scandium Prospect in the Fifield District of New South Wales, one of Australia’s key scandium regions. The latest air core drilling campaign – encompassing 200 holes over 6,457 metres – has returned multiple high-grade scandium intercepts, notably including intervals such as 11 metres at 357 ppm scandium (equating to 548 ppm scandium oxide) with a sub‑intercept of 6 metres at 510 ppm scandium (782 ppm scandium oxide), along with several other promising widths and grades. These intercepts, found within both weathered saprolite zones and underlying fresh pyroxenite, point to a robust scandium mineralization style across a coherent and potentially expandable portion of the deposit.
The company noted that its initial resource estimate was set for the end of June 2025, but the strong drill results have prompted a revised timeline with further assay results expected by late July 2025, and a formal mineral resource estimate now slated for August 2025. Rimfire’s Managing Director emphasized that the Currajong project is emerging as one of the most significant scandium opportunities in the region, offering long‑term, low‑risk prospects to secure a reliable supply of this critical mineral. The drilling, carried out on a regular grid pattern targeting magnetic anomalies associated with ultramafic pyroxenite, reinforces the prospect’s strong technical foundation, with a dense drilling regime focused on an area measuring roughly 400 by 300 metres at the southern end.
The timing of these results is particularly notable as global scandium supply faces pressure from recent export restrictions imposed by the Chinese government. China, which dominates the global scandium market by providing about 67% of the primary feedstock and refining roughly 90% of the supply, has tightened its control following significant tariff hikes on its exports. Such moves underscore the strategic importance of developing alternative sources of scandium, and Rimfire Pacific Mining Limited is positioning itself to meet growing demand in the Western world.
Investors may view the news with a bullish outlook given the series of high-grade intercepts, the disciplined drilling strategy, and the broader market context of constrained global scandium supply. The ability to potentially become a secure non-Chinese supplier of this critical metal adds to the project’s appeal. On the bearish side, concerns could arise from delays in the assay turnaround and the postponed resource estimate, as well as challenges inherent to early-stage exploration in a competitive and geopolitically sensitive market. Nonetheless, the technical indicators and the strategic backdrop of increasing global scandium demand provide a compelling case for cautious optimism.