Rimfire expands Australian cobalt project
Published by Jane Bentham,
Editorial Assistant
Global Mining Review,
Rimfire Pacific Mining has announced that it has more than doubled the size of its 100% owned Broken Hill Cobalt Project following the execution of a Tenement Purchase Agreement with BHA No.1 Pty Ltd, a wholly owned subsidiary of Castillo Copper Ltd.
It will acquire an unencumbered 100% of their Exploration Licences 8572 and 8599 which lie adjacent to Rimfire’s Bald Hill Cobalt prospect, 30 kilometres west of Broken Hill, New South Wales, Australia.
Commenting on the announcement, Rimfire’s Managing Director Mr David Hutton said: “Expanding the priority Broken Hill Cobalt Project is a strategic development for Rimfire and builds on the game-changing high-grade cobalt sulphide drill intercepts obtained at Bald Hill last year.
“The new tenements are prospective for cobalt, copper, and rare earth elements and we look forward to getting on the ground as soon as possible to determine the priorities for exploration follow-up at Broken Hill whilst concurrently advancing the development of our NSW scandium projects. We look forward to providing the market with further updates as new information comes to hand.”
Read the article online at: https://www.globalminingreview.com/mining/15012024/rimfire-expands-australian-cobalt-project/
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