New Risk • May 29
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 13% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$6.0m free cash flow). Earnings have declined by 51% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (13% average weekly change). Market cap is less than US$100m (AU$33.3m market cap, or US$23.8m). Board Change • May 20
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 1 highly experienced director. Chief Financial Officer Greg Keane was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Board Change • May 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 1 highly experienced director. Chief Financial Officer Greg Keane was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Board Change • Dec 24
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 1 highly experienced director. Chief Financial Officer Greg Keane was the last director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Insufficient board refreshment. Annonce • Oct 22
Rimfire Pacific Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 3.5 million. Rimfire Pacific Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 3.5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 199,000,002
Price\Range: AUD 0.015
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 34,333,333
Price\Range: AUD 0.015
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Annonce • Oct 18
Rimfire Pacific Mining Limited, Annual General Meeting, Nov 18, 2025 Rimfire Pacific Mining Limited, Annual General Meeting, Nov 18, 2025. Location: at sw accountants & advisors pty ltd, level 10, 530 collins street, melbourne vic 3000 Australia Board Change • Aug 18
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 1 highly experienced director. MD, CEO & Executive Director David Hutton was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Annonce • Jul 23
Rimfire Pacific Mining Limited has filed a Follow-on Equity Offering in the amount of AUD 3.5 million. Rimfire Pacific Mining Limited has filed a Follow-on Equity Offering in the amount of AUD 3.5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 199,000,002
Price\Range: AUD 0.015
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 34,333,333
Price\Range: AUD 0.015
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Annonce • Jun 26
Rimfire Pacific Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 2 million. Rimfire Pacific Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 2 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 8,000,000
Price\Range: AUD 0.025
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 72,000,000
Price\Range: AUD 0.025
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Annonce • Apr 02
Rimfire Pacific Mining Limited Provides Currajong Scandium Drilling Update Rimfire Pacific Mining Limited provided an update on the current air core drilling program underway at its wholly - owned Currajong Scandium Prospect, which is located within Australia's scandium epicentre at Fifield, approximately 70 km NW of
Parkes in central NSW. Highlights. 51 air core holes (1,616m) drilled to date with program continuing. Drilling has intersected a range of weathered rock types, including prospective ultramafic pyroxenite. 3 batches (520 samples) already dispatched for laboratory analysis with first assay results expected late April 2025. Currajong Scandium Prospect air core drilling: To date, 51 air core holes have been drilled and 3 batches (520 samples) have been dispatched to the laboratory for analysis with first assay results expected late April 2025. Drilling has intersected a range of weathered rock types including ultramafic rocks such as pyroxenite that are known from Rimfire's work throughout the broader Fifield district to be an important primary scandium source rock. Currajong has not been specifically explored for scandium with historic exploration primarily focussed on nickel, cobalt and platinum and palladium, and Rimfire's current drilling represents the first ever dedicated scandium drilling at the prospect, At Currajong scandium occurs within strongly weathered (lower saprolite) zones that are present along a strongly magnetic 2.4-kilometre-long Currajong Ultramafic Belt. Broad spaced historic drilling (with limited scandium assays) along the ultramafic has returned multiple high-grade drill intercepts. 32m @ 287ppm Sc (440ppm Sc Oxide) from 16 metres in FI0904 including 8m @ 404ppm Sc (620ppm Sc Oxide) from 16 metres; 12m @ 251ppm Sc (385ppm Sc Oxide) from 14 metres in FI2244 including 3m @ 362ppm Sc (555ppm Sc Oxide) from 21 metres; 9m @ 265ppm Sc (406ppm Sc Oxide) from 6 metres in FI2260 including 5m @ 368ppm Sc (564ppm Sc Oxide) from 7 metres; 6m @ 227ppm Sc (348ppm Sc Oxide) from 9 metres in FI2279; and 42m @ 238ppm Sc (365ppm Sc Oxide) from 6 metres in AC03A49. The historic drilling has successfully identified a 1,000 x 300 metre zone of scandium at the southern end of the ultramafic that remains open along strike and laterally, as well as several isolated scandium intercepts along strike to the north that require follow up. The current drill program will comprise approximately 200 vertical holes (up to 10,000 metres depending on individual hole depths) that will be drilled every 50 metres along east west traverses spaced 100 200 metres apart over the entire 2.4-kilometre length of the scandium
prospective Currajong Ultramafic. Annonce • Mar 12
Rimfire Pacific Mining Limited has filed a Follow-on Equity Offering in the amount of AUD 2 million. Rimfire Pacific Mining Limited has filed a Follow-on Equity Offering in the amount of AUD 2 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 8,000,000
Price\Range: AUD 0.025
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 72,000,000
Price\Range: AUD 0.025
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing New Risk • Feb 13
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Australian stocks, typically moving 12% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 8.6% per year over the past 5 years. Revenue is less than US$1m. Minor Risks Share price has been volatile over the past 3 months (12% average weekly change). Market cap is less than US$100m (AU$70.7m market cap, or US$44.3m). Board Change • Feb 04
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 1 highly experienced director. MD, CEO & Executive Director David Hutton was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Dec 31
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 1 highly experienced director. MD, CEO & Executive Director David Hutton was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Nov 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 1 highly experienced director. MD, CEO & Executive Director David Hutton was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Annonce • Oct 18
Rimfire Pacific Mining Limited, Annual General Meeting, Nov 20, 2024 Rimfire Pacific Mining Limited, Annual General Meeting, Nov 20, 2024. Location: level 27, 120 collins street, melbourne vic 3000, Australia New Risk • Oct 02
New major risk - Revenue and earnings growth Earnings have declined by 8.6% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (20% average weekly change). Earnings have declined by 8.6% per year over the past 5 years. Revenue is less than US$1m (AU$11k revenue, or US$7.6k). Minor Risks Shareholders have been diluted in the past year (9.0% increase in shares outstanding). Market cap is less than US$100m (AU$96.4m market cap, or US$66.4m). New Risk • Oct 01
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (19% average weekly change). Revenue is less than US$1m. Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Shareholders have been diluted in the past year (9.0% increase in shares outstanding). Market cap is less than US$100m (AU$107.9m market cap, or US$74.7m). New Risk • Sep 26
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 18% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (18% average weekly change). Revenue is less than US$1m. Minor Risks Shareholders have been diluted in the past year (9.0% increase in shares outstanding). Market cap is less than US$100m (AU$133.1m market cap, or US$91.7m). Annonce • Jul 10
Rimfire Pacific Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 1.145 million. Rimfire Pacific Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 1.145 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 45,800,000
Price\Range: AUD 0.025
Transaction Features: Subsequent Direct Listing Annonce • Jul 04
Rimfire Pacific Mining Limited has filed a Follow-on Equity Offering in the amount of AUD 1.145 million. Rimfire Pacific Mining Limited has filed a Follow-on Equity Offering in the amount of AUD 1.145 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 45,800,000
Price\Range: AUD 0.025
Transaction Features: Subsequent Direct Listing Annonce • Dec 22
Rimfire Pacific Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 1.15 million. Rimfire Pacific Mining Limited has completed a Follow-on Equity Offering in the amount of AUD 1.15 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 115,000,000
Price\Range: AUD 0.01
Discount Per Security: AUD 0.0006
Transaction Features: Subsequent Direct Listing Annonce • Dec 16
Rimfire Pacific Mining Limited has filed a Follow-on Equity Offering in the amount of AUD 1.15 million. Rimfire Pacific Mining Limited has filed a Follow-on Equity Offering in the amount of AUD 1.15 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 115,000,000
Price\Range: AUD 0.01
Discount Per Security: AUD 0.0006
Transaction Features: Subsequent Direct Listing Board Change • Nov 25
Less than half of directors are independent There are 4 new directors who have joined the board in the last 3 years. Of these new board members, none were independent directors. The company's board is composed of: 4 new directors. 2 experienced directors. No highly experienced directors. 2 independent directors (3 non-independent directors). Independent Non-Executive Chairman Ian McCubbing is the most experienced director on the board, commencing their role in 2016. Independent Non-Executive Director Andrew Knox was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of experienced directors. Annonce • Nov 20
Rimfire Pacific Mining Limited Announces the Board Appointments Rimfire Pacific Mining Limited announced that at the AGM was held on 20 November 2023, the company approved the appointment of Mr. Oliver Douglas and Mr. Roland Berzins as Directors. Annonce • Oct 19
Rimfire Pacific Mining Limited, Annual General Meeting, Nov 20, 2023 Rimfire Pacific Mining Limited, Annual General Meeting, Nov 20, 2023, at 11:01 AUS Eastern Standard Time. Location: Conference Rooms, SW Accountants & Advisors Pty Ltd Level 10, 530 Collins Street, Melbourne VIC 3000 Melbourne Victoria Australia Agenda: To receive and consider the Financial Report of the Company and the Directors' Report (including the Remuneration Report) and Auditor's Report as set out in the Company's Annual Report for the year ended 30 June 2023; to consider Adoption of Remuneration Report; to consider Election and Removal of Directors; to consider Ratification of Prior Issue of Shares under Placement; to consider Ratification of Prior Issue of Free Attaching Unlisted Options under Placement; and to consider Renewal of approval under the Equity Incentive Plan. Annonce • Sep 13
Rimfire Pacific Mining Limited (ASX:RIM) executed a Tenement Purchase Agreement to acquire Porters Mount Project (EL8329) from Plutonic Limited for AUD 0.025 million. Rimfire Pacific Mining Limited (ASX:RIM) executed a Tenement Purchase Agreement to acquire Porters Mount Project (EL8329) from Plutonic Limited for AUD 0.025 million on September 11, 2023. A 2% Net Smelter Royalty (NSR) remains payable to Sandfire Resources Limited in the event of any mineral production from the tenement. Upon completion of the transaction, Rimfire will compile and integrate all historic data for the Porters Mount Project into the Cowal Project database ahead of prioritising drill targets, undertaking stakeholder liaison and planning a drill program. At the time of writing, Rimfire, Plutonic and Sandfire were completing all necessary legal documentation and the transaction is still subject to standard regulatory conditions such as Ministerial consent for the transfer of the tenement. Annonce • Sep 09
Rimfire Pacific Mining Receives Requisition Notice from Adriatic Prospect Pty Ltd On September 8, 2023, Rimfire Pacific Mining announced that it has received a notice under section 203D of the Corporations Act 2001 from Adriatic Prospect Pty Ltd, Lake Grace Exploration Pty Ltd, Northwest Capital Pty Ltd, Nimby WA Pty Ltd and Resource Capital Ltd requesting the Company for removal of David Hutton, Ian McCubbing and Andrew Knox as directors of the Company. In addition, the Company stated that it will consider the materials provided and will comply with its obligations under the Corporations Act and will keep shareholders updated in accordance with legal requirements. Reported Earnings • Mar 17
First half 2023 earnings released: EPS: AU$0 (vs AU$0 in 1H 2022) First half 2023 results: EPS: AU$0 (in line with 1H 2022). Revenue: AU$1.52m (up AU$1.51m from 1H 2022). Net loss: AU$270.6k (loss narrowed 50% from 1H 2022). Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has increased by 44% per year, which means it is tracking significantly ahead of earnings growth. Annonce • Feb 09
Rimfire Pacific Mining Limited Announces Rimfire Investigating Nickel - Cobalt - Scandium Recoveries At Melrose Rimfire Pacific Mining Limited (Rimfire or the Company) is to advise that it has engaged Perth specialist metallurgical services group - Independent Metallurgical Operations Pty Ltd. (IMO) to develop a conceptual processing flowsheet with the aim of optimising atmospheric leach recoveries and production of a nickel cobalt scandium product from high-grade mineralised material from the Melrose prospect. Specialist metallurgical services group engaged to develop a conceptual processing flowsheet for Melrose nickel-cobalt- scandium mineralisation. 260 kg bulk sample of high-grade material submitted for beneficiation and leaching trials. 1,000m Melrose RC drill program to assist with maiden MRE & determine lateral extents of Melrose mineralisation commencing in March. Reported Earnings • Oct 04
Full year 2022 earnings released: AU$0.001 loss per share (vs AU$0 in FY 2021) Full year 2022 results: AU$0.001 loss per share (further deteriorated from AU$0 in FY 2021). Net loss: AU$913.0k (loss widened 144% from FY 2021). Over the last 3 years on average, earnings per share has increased by 32% per year but the company’s share price has only increased by 22% per year, which means it is significantly lagging earnings growth. Reported Earnings • Mar 18
First half 2022 earnings: Revenues and EPS in line with analyst expectations First half 2022 results: EPS: AU$0 (vs AU$0 in 1H 2021). Net loss: AU$543.5k (loss widened 226% from 1H 2021). Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 44% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Board Change • Dec 30
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. Independent Non-Executive Chairman Ian McCubbing is the most experienced director on the board, commencing their role in 2016. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Board Change • Nov 20
High number of new and inexperienced directors There are 4 new directors who have joined the board in the last 3 years. The company's board is composed of: 4 new directors. 1 experienced director. No highly experienced directors. Independent Non-Executive Chairman Ian McCubbing is the most experienced director on the board, commencing their role in 2016. The company’s lack of experienced directors is considered a risk according to the Simply Wall St Risk Model. Executive Departure • Jul 13
Company Secretary Melanie Jaye Leydin has left the company On the 2nd of July, Melanie Jaye Leydin's tenure as Company Secretary ended after 4.2 years in the role. We don't have any record of a personal shareholding under Melanie Jaye's name. Melanie Jaye is the only executive to leave the company over the last 12 months. Reported Earnings • Oct 02
Full year earnings released - AU$0.0007 loss per share Over the last 12 months the company has reported total losses of AU$957.0k, with losses widening by 9.3% from the prior year.