Rimfire Pacific Mining - Chairman's Address and CEO Presentation at Annual General Meeting

Rimfire Pacific Mining (ASX: RIM, 'Rimfire' or 'the Company') provides a copy of the Chairman's Address and Chief Executive Officer (CEO) presentation, as required under ASX Listing Rule 3.13.3, to be made at the Annual General Meeting ('AGM') to be held at 11.00am (AEDT) today, 20 November 2023, as attached.

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Chairman's Address to the Annual General Meeting: It's my pleasure to extend a welcome to fellow shareholders of Rimfire Pacific Mining Limited to the Company's 2023 AGM. As I look back on the 12 months since the Company's 2022 AGM, it's clear our exploration efforts have yielded significant results and generated some exciting new opportunities in key critical minerals such as cobalt, scandium and nickel. Our wholly owned Broken Hill Cobalt Project has emerged as a flagship project on the back of drilling results which have confirmed high grade cobalt mineralisation at the Bald Hill Prospect. This project is leveraged to the cobalt market and stands to act as a key catalyst for Rimfire when cobalt prices improve in line with an uplift in demand for battery metals. At the Fifield and Avondale Projects in JV with Golden Plains Resources Pty Ltd ('GPR') in Central Western NSW, we have discovered anomalous Scandium mineralisation which we see as providing Rimfire with the potential to be viewed as one of the ASX's few opportunities for investment exposure to Scandium - a highly valuable critical mineral. At the conclusion of the formal part of the meeting, I'll hand over to David to run through a review of field activities but before I do, I'll make some comments about other challenges the Company has faced during last 12 months at a corporate level. As previously advised by the Company there is a dispute between two parties as to the ownership and control of our Joint Venture partner in the Fifield and Avondale Projects, GPR. Your Board has taken legal advice on a number of occasions on how to transact with GPR so as to protect the interests of Rimfire and its shareholders regardless of the final outcome of the GPR dispute. Your Board has followed this advice at all times. Whilst this dispute has slowed the funds flow from GPR there has still been $1.4 million received from GPR over the last 12 months as well as advice, logistical support and introductions to various parties that have proved to be useful for Rimfire. If GPR is to acquire the maximum interest under the Joint Venture agreements, it needs to contribute an additional $6.5 million. During the last year, including this current Annual General Meeting, the Company has been subject to attempts by interests associated with Mr Anton Billis to take effective control of your Company without paying any premium for this control. Shareholders have overwhelming rejected these attempts. These actions together with the flow on effects of the GPR ownership dispute have consumed valuable management and Board time and also scarce financial resources. Despite these Corporate distractions the Company has maintained a focused, disciplined and technically rigorous exploration program that has delivered 2 exciting Scandium prospects and the measured development of potential high grade cobalt prospects at our 100% owned Broken Hill leases. We believe that 2024 will be a pivotal year in Rimfire's history. Finally, I wish to thank and commend Managing Director David Hutton and his exploration and executive teams on their hard work, as well as all advisors, fellow directors and mostly importantly shareholders for your continued suppor

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