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rimfire pacific mining nl (RIM) Snapshot

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04/29/13 - A$0.07
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rimfire pacific mining nl (RIM) Details

Rimfire Pacific Mining NL explores and develops mineral deposits in Australia. The company explores for gold, silver, platinum, base metal, and diamond deposits. It primarily holds interests in the Sorpresa gold and silver project covering an area of 4km2 located in the Fifield district, New South Wales. The company also has interests in the Bingara diamond project covering an area of 1100 km2; and Fifield platinum project located in New South Wales. Rimfire Pacific Mining NL is headquartered in Melbourne, Australia.

rimfire pacific mining nl (RIM) Top Compensated Officers

Executive Chairman, Member of Audit Committee...
Total Annual Compensation: A$238.5K
Compensation as of Fiscal Year 2013.

rimfire pacific mining nl (RIM) Key Developments

Rimfire Pacific Mining NL Reports Consolidated Earnings Results for the Six Months Ended December 31, 2013

Rimfire Pacific Mining NL reported consolidated earnings results for the six months ended December 31, 2013. For the period, the company reported interest revenue of $31,371 against $50,060 a year ago. Loss from continuing operations before income tax was $311,063 against $302,073 a year ago. Loss from continuing operations after income tax was $311,063 against $302,073 a year ago. Total comprehensive loss for the half year was $311,063 against $302,073 a year ago. Diluted loss per share was 0.05 cents against 0.05 cents a year ago. Net cash used in operating activities was $120,916 against $257,188 a year ago. Purchase of property, plant and equipment was $52,316 against $31,854 a year ago.

Rimfire Pacific Mining Reports Exploration Activities

Rimfire Pacific Mining NL reported sorpresa project delivers extensions of gold and silver mineralisation. Excellent preliminary oxide zone metallurgy at Fifield NSW highlights step-out RC drilling at the roadside area confirmed significant gold and silver extensions down dip which remain open; Current dimensions at Roadside are 400m strike x 350m down dip at the southern end, and more than 200m down dip at the northern end; Updated 3D modeling of roadside area reveals continuous mineralization from surface excellent preliminary metallurgical results were received from the Sorpresa Project oxide zone; Roadside location achieved a recovery high of 84.3% for gold and 68.9% for silver, which upgraded further with finer grind and longer leach time to 89.1% and 72.3% respectively RC Drilling late in the quarter intersected visible gold in the vicinity of previous high grade Diamond core intersections.

Rimfire Pacific Mining NL Provides Summary Update on Recent Activities at Fifield in Central NSW, Located Within the Lachlan-Cadia Lineament

Rimfire Pacific Mining Nl provide a summary update on recent activities at Fifield in central NSW, located within the Lachlan-Cadia Lineament. Highlights: RC Drilling continues at Sorpresa with further assays due for reporting this quarter. Locations include Roadside, Join Up and Boundary Gate. Encouraging XRF results particularly noted at Roadside North step-out drilling 60m to the East Geophysical reprocessing enhances drill targeting. The area around hole Fi 329 DDH (lm @ 114g/tAu) is a priority with drilling commencing soon. Environmental permitting extension sought at Sorpresa to expand drill disturbance area. Sorpresa area will undergo inspections from Government agency in December Exploration for Gold and Silver "leakage" anomaly extensions is progressing well, East of Sorpresa. More than 60 auger drill holes completed, the area covered is 1km x 0.6km. The design for an initial trench on the "Platina Lead" is completed and received permitting. Excavation works will commence Jan to Feb. 2014 (60m longx 18m deep x lm wide). The objective is twofold, firstly to assess, Sorpresa style geology and secondly to gain a commercial assessment of residual Platinum and Gold in this shallow paleo-channel Geological personnel have been added to the Fifield site to accelerate discovery and regional exploration on a range of prospects at various stages of development. The company has added to the geological team, enabling more rapid assessment of the Sorpresa mineralization and its wider surrounds.


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