Australia's Rimfire Pacific tumbles on dispute notice over agreement termination

Rimfire Pacific Mining

03/10/2024 01:50

** Shares of Rimfire Pacific Mining  RIM.AX  fall as much as
16.7% to their lowest levels since July 24
    ** Critical minerals explorer says Golden Plains
Resources(GRP) has issued a dispute notice asserting co's
termination of the Fifield Project Earn-in Agreement was invalid
    ** RIM had terminated the Fifield Project Earn-in Agreement
with GRP last month
    ** Adds, GPR has also applied for an urgent injunction in
the court seeking an order that RIM be prevented from acting on
the termination
    ** RIM stock has more than doubled this year
 

 (Reporting by Ayushman Ojha in Bengaluru)
 ((Ayushman.ojha@thomsonreuters.com;))