Rimfire Pacific Mining Limited (ASX:RIM) agreed to acquire Exploration Licences 8572 and 8599 at the Broken Hill Project from Bha No. 1 Pty. Ltd. for AUD 0.2 million on January 11, 2024. Rimfire will issue Castillo Copper with 8.1 million Rimfire ordinary shares and a further AUD 0.15 million worth of Rimfire ordinary shares if at any time after completion Rimfire's share price 5-day VWAP is greater than $0.03 (AUD 0.05), which is 50% above the consideration shares issue price, the subsequent shares to be issued would be 5.4 million Rimfire ordinary shares if the subsequent shares issue price is met. The transaction is still subject to standard regulatory conditions such as Ministerial consent for the transfer of the tenements. Nick Emerson of SI Capital Ltd acted as the financial advisor to Castillo Copper Limited.

Rimfire Pacific Mining Limited (ASX:RIM) completed the acquisition of Exploration Licences 8572 and 8599 at the Broken Hill Project from Bha No. 1 Pty. Ltd. on March 21, 2024.