Smith, Rahm set up final-round shootout

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Cameron Smith has set up a mouth-watering final day showdown after going blow for blow with world No.1 Jon Rahm in an "insane" scoring blitz at the PGA Tour's Tournament of Champions in Hawaii.

Smith remains on course for a wire-to-wire victory after refusing to blink as Rahm toyed with the Kapalua Plantation Course while compiling a course record-equalling 12-under 61 to catch the mulleted Australian at 26-under 193.

The pair turned on a third-round scoring clinic, with Smith's putter running hot as he carded a flawless nine-under 64, including six back-nine birdies.

Smith and Rahm will make up the final group again on Sunday (Monday AEDT) after separating themselves from a hot field comprising last season's tournament winners.

"Mate, that was insane," said Smith. That was some really good golf from both of us.

"The hole was like a bucket for us."

Rahm played the back nine in eight under, with six birdies and an eagle, catching Smith with a final birdie on the 18th after the Aussie had narrowly missed his attempt.

"Obviously playing nice golf helps," Smith said. "But watching Jon was pretty intense there on that back nine, some of the best golf I think I've ever seen, definitely some of the best putting."

World No.21 Smith and Rahm look set to fight it out for the $1,476,000 ($A2.1 million) winner's cheque, with the pair five strokes clear of third-placed American Daniel Berger (66).

Rahm described Saturday's head-to-head contest on the back nine as "really fun" and said there was only one option when they meet again on Sunday - "keep it full throttle and try to make as many birdies as possible".

Queenslander Smith was unlikely to be intimidated by facing the world No.1 again in the final round.

"Yeah, I mean, it's what I love,.I love to compete," he said.

"Hawaii reminds me so much of where I grew up, it's insane.

"(The course) it's very gettable, there's so many wedges, so I wouldn't be surprised if there's another 61 or 62 out there tomorrow."

Smith is attempting to add to some great Australian history in the often wind-buffeted event, with Geoff Ogilvy (2009, '10), Stuart Appleby (2004, '05, '06) and Steve Elkington (1992, '95) all multiple winners in the past.

There are no fewer than four Australians in the top 10 plus ties going into the final round.

Matt Jones had two eagles in a 62 to be tied for fourth at 20 under with American Patrick Cantley (66) and South Korea's Sungjae Im (65).

Smith's great mate Marc Leishman (65) is two shots further back in seventh and Cam Davis is tied 10th at 16 under after a 66.

Rahm matched the 61 shot earlier in the day by two-time tournament champion Justin Thomas, who is tied eighth with Masters champion Hideki Matsuyama.

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