Surefire (ASX:SRN) goes world class at Victory Bore

Surefire Resources has boosted the its high grade Victory Bore vanadium project up to a globally significant 1.19 billion tonnes.

The 100% owned project has been independently verified lower and upper limit range of 682 Mt to 1,190 Mt @ 0.2% to 0.43% V2O5.

The prospective target covers Victory Bore and Unaly Hill, collectively known as the Victory Bore Project coverjng around 25km of strike length of near contiguous vanadiferous magnetite defined from aeromagnetic data, drilling and outcrop.

The massive boost comes just over a month after announcing an updated Mineral Resource Estimate increase of 56% to 321Mt.

SRN.AX

SUREFIRE FPO [SRN]

ASX

$0.021

$0.001

4.55%

Surefire Managing Director Paul Burton said the extensive linear continuity of the Victory Bore Titanomagnetite and high vanadium grades have made for a compelling prediction of the total scale of this vanadium project.

“When proven, it would place this project as one the world’s largest undeveloped vanadium resources and given its good location only 400km from port and proximal to existing infrastructure means it is a hugely valuable asset for Surefire shareholders,” Mr Burton said.

SUREFIRE FPO [SRN]

Sector: Basic Materials

Industry: Other Industrial Metals & Mining

Employees: 2

Surefire Resources NL, together with its subsidiaries, explores for and reviews mineral tenement holdings in Western Australia. The company explores for critical mineral, gold, titanium, aluminium, copper, lead, silver, vanadium, iron ore, nickel, and platinum group element deposits. Its flagship project is the Victory Bore vanadium-titanium-iron project, which consists of the Victory Bore and Unaly Hill deposits located in the mid-west of Western Australia. The company was formerly known as Black Ridge Mining NL and changed its name to Surefire Resources NL in December 2016. The company was incorporated in 1998 and is based in South Perth, Australia.