Surefire Resources Nl · ASX:SRN
Surefire Resources Nl — Investor Presentation (July 2024)
28 slides from Surefire Resources Nl's investor presentation, July 2024
Slide 1: Vanadium & Premium Iron Ore
ASX:SRN | FSE:GBL Vanadium & Premium Iron Ore Critical Minerals Developer from Australia surefireresources.com.au
Slide 2: Developing One of Australia's Largest Critical Mineral Deposits
DEVELOPING ONE OF AUSTRALIA’S LARGEST CRITICAL MINERAL DEPOSITS 20 km of exposed continuous vanadium mineralisation SUREFIRERESOURCES.COM.AU >1Bt Exploration Target Mineral Resource 464Mt JORC Mineral Resource 93Mt Ore Reserve Battery grade vanadium electrolyte NPV US$1.1B 10 IRR 42% SUREFIRE RESOUR
Slide 3: Surefire Projects Summary
SUREFIRE PROJECTS SUMMARY HIGH VALUE PROJECTS: 100% Owned VICTORY BORE CRITICAL MINERALS PROJECT : FLAGSHIP PROJECT Over 20km of outcropping mineralisation JORC 464Mt 1 @ >0.4% V2O5 (concentrate grade of 1.43% V2O5) ORE Reserve 93Mt PFS Completed : NPV $1.7B AUD, 42% IRR Environmental and heritage c
Slide 4: The Team
The Team Executive Team Board Vladimir (Roger) Nikolaenko - Executive Chair • 25+ years´ in Australian Mining sector • 40+ years´ experience in growing public companies • corporate finance and deal making from exploration to operation • Chartered accountant Michael Povey - Non-Executive Director Jan
Slide 5: Corporate Snapshot
Corporate Snapshot Capital Structure Shareholdings Fully paid ordinary shares 1,986,307,813 Board & Management Unlisted Partly paid @ $0.027 188,785,323 16.5 % Unlisted Partly paid @ $0.0059 70,000,000 Other 83.5 % Current share price (AUD) (1) $0.007 Market Capitalisation (AUD) (1) $13.9M Share Opt
Slide 6: Victory Bore Mineral Resources
VICTORY BORE MINERAL RESOURCES JORC Reported VANADIUM TONNES AND GRADE Victory Bore Measured 25 Mt @ 0.42% V2O5 Victory Bore Indicated 113 Mt @ 0.40% V2O5 Victory Bore Inferred 326 Mt @ 0.38% V2O5 Total 464 M t @ 0.39% V2O5 Unaly Hill Inferred 86.2 Mt @ 0.42% V2O5 Project Total: 1 550.0 M t @ 0.39%
Slide 7: The Development Plan
THE DEVELOPMENT PLAN ON-SHORE AUSTRALIA MAGNETITE PRODUCTION. OFF-SHORE PROCESSING IN SAUDI ARABIA CONCENTRATE SHIPPED TO SAUDI ARABIA FOR DOWNSTREAM MINERAL PROCESSING. SUREFIRERESOURCES.COM.AU • Memorandum of • A low capital cost operation Understanding (MOU) with in Australia, with value-add down
Slide 8: Pre-Feasibility Study Results
VICTORY BORE PRE-FEASIBILITY STUDY RESULTS (December 2023) PRODUCTS PROJECT PARAMETER UNIT AMOUNT • 2,580 t/a High purity vanadium SUREFIRERESOURCES.COM.AU Pre-tax NPV at a 10% discount rate USD $M $1,110 Pre-tax NPV at a 10% discount rate AUD $M $1,708 • 5,760 t/a of Ferrovanadium Pre-tax Internal
Slide 9: Victory Bore – Operating Margin US$ M
Victory Bore – Operating Margin US$ M 609 575 574 585 558 Gross Revenue 541 533 523 515 Cash Margin 380 369 20 367 361 351 370 Total Cost 16 20 346 20 20 342 20 16 20 16 16 20 16 312 20 15 15 15 20 14 178 168 167 171 152 162 155 148 134 Production Cost 25 25 25 25 25 25 25 25 25 60 57 53 57 56 51 53
Slide 10: Victory Bore High Grade Vanadium X-Section
VICTORY BORE HIGH GRADE X-SECTION VANADIUM RESOURCE COMPRISES TWO THICK LODES OF VANADIFEROUS MAGNETITE ~50M WIDTH, OPEN AT DEPTH > 160M AND STRIKE OF >20KM HIGH A THICK LODES OF HIGH GRADE ALUMINUMOCCURS WITHIN THE ALUMINIUM OXIDE RESOURCE- POTENTIAL FOR HIGH PURITY ALUMINIUM (HPA) LOW COST, LOW IM
Slide 11: The Strategy
The Strategy Current Strategy • Mining & Beneficiation on Site (Australia) Ore shipping from Australia • Shipping to Saudia Arabia for processing Why Saudi Arabia? • Memorandum of Understanding (MOU) with the to Saudi Arabia Kingdom of Saudi Arabia has been signed • Up to 50% of KSA processing plant
Slide 12: Development Strategy
Development Strategy Heads of Agreement with DRA Global • Agreement encompasses: • Feasibility Study in Saudi Arabia and Australia • EPCM, NPI • Project delivery and operational readiness • DRA have office in Riyadh and experience in process plant development in Saudi Arabia Joint Cooperation Agreem
Slide 13: The Strategy
The Strategy Current Strategy : Shipping to Saudi Arabia Mining Beneficiation Extraction Transport Shipping Processing Vanadium Magnetite mined Magnetite production Magnetite separated and Magnetite transported to Shipped to Saudi Arabia Extracting and separating by open cut method by low cost benef
Slide 14: Products
PRODUCTS SUREFIRERESOURCES.COM.AU MINING BENEFICIATION EXTRACTION TRANSPORT SHIPPING PROCESSING Victory Bore Vanadium Magnetite production Magnetite separated Magnetite Transported Shipped to Magnetite processed to Magnetite mined by and loaded and Loaded at from Victory Bore deposit Dammam Port, KS
Slide 15: Development Status
DEVELOPMENT STATUS ➢ August 2023 MOU signed with Ministry of Investment Saudi Arabia (MISA) Assistance with locations for vanadium processing plants and introductions to Saudi Companies. Up to 75% of CAPEX available from Saudi Investment Development Fund SUREFIRERESOURCES.COM.AU ➢ December 2023 PRE-
Slide 16: Investment Highlights
Investment highlights 99% of the vanadium mined is extracted in Brazil, Russia, China, South Africa (BRICS) We are diversifying the supply chain Developing one of Australia largest vanadium and premium iron ore deposits Clear development plan with a beneficiation plant on site and plans for processi
Slide 17: Investment Opportunity
Investment Opportunity Surefire Resources NL 100% 100% 100% 100% 100% Unaly Hill VB Metals Pty Ltd Shipped to Saudi at arms length transfer price Yidby Gold Saudi Processing Company Perenjori Victory Bore Mine Saudi Processing Plant Project Iron Capex Capex US$ 162.6 M US$ 335.8 M Chinese Customer S
Slide 18: Funding Strategy
Funding Strategy Australia Saudi Arabia Total Non-Process Infrastructure (Camp, Power, Water, Reagents) 9.9 8.5 18.4 Mining (First fills) 20.5 - 20.5 Beneficiation 87.0 234.0 321.0 Indirect Capex 45.2 93.3 138.5 Total Capital 162.6 335.8 498.4 50% Equity Funding 81.3 167.9 249.2 (Note 1) (Note 2) 50
Slide 19: Timeline to Production – Victory Bore
Timeline to Production – Victory Bore Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2024 2024 2025 2025 2025 2025 2026 2026 2026 2026 2027 2027 DFS Funding Compile DFS Environmental approvals Exploration to mining licence conversion Native title Final Investment Decision “FEED” for beneficiation plant - Austr
Slide 20: Next Steps
NEXT STEPS • Secure location for processing and binding JV agreements SUREFIRERESOURCES.COM.AU • Agreements for funding for development work • Complete Offtake Agreements • Complete permitting and other studies • Scale up the Vanadium extraction test work
Slide 21: Investment Highlights
INVESTMENT HIGHLIGHTS • DEVELOPING ONE • CLEAR • BATTERY GRADE DEVELOPMENT OF AUSTRALIA’S SUREFIRERESOURCES.COM.AU VANADIUM AND PATHWAY LARGEST VANADIUM OTHER PRODUCTS DEPOSITS • STRONG ESG • DEVELOPING VANADIUM CREDENTIALS • OPPORTUNITY TO INVEST AT EXTRACTION PROCESS FOR PROJECT DEVELOPMENT STAGE
Slide 22: Other Projects
ASX:SRN | FSE:GBL Other Projects surefireresources.com.au
Slide 23: Other Projects
Other Projects 1) Yidby – (Gold/Copper/Zinc) o Close to Perth in Western Australia ~ 400Km o Close proximity to large gold projects o Large landholding ~ 43 Land Blocks (13,330ha) o Wide gold drilling intersections (YBRC019 44m @2.77g/tAu) o Bonanza high grade gold intersected YBRC019g/t 1m @ 82.5g/
Slide 24: Yidby
Yidby Historical Spend: AU$ 3 Million Geological upside in Gold Ounces: 1Moz Gold target, Yidby anomalism extends for 3 Km’s with other prospects outside the main zone. Large tenement portfolio unexplored Other Metals: Copper/Zinc/Iron Ore/Nickel (See ASX announcement 5/09/2024) Long Term Plans: To
Slide 25: Unaly Hill
TE Unaly Hill Historical Spend: AU$ 1.5 M Geological upside: Current Resource 86.2 Mt inferred (JORC 2004) with an ETE* 487 to 905Mt @ 0.2 to 0.43% V2O5 Mt (JORC 2012) Metals Intersected: Iron (recoverable 63% Fe in Magnetite Concentrate), Titanium assays >14%, Vanadium >1.05% Long Term Plans: To dr
Slide 26: Perenjori
TE Perenjori Historical Spend: AU$ 1 M Geological upside: 191Mt @ 37% Fe3O4 3 After grinding premium 69% Fe3O4 Exploration Target 870Mt to 1,240Mt@ 22% to 42% Fe3O4 Long Term Plans: To develop a DR-grade Iron Magnetite Mine Proximity to: The project is surrounded by several significant Iron Magnetit
Slide 27: Kooline
Kooline Historical Spend: AU$ 1 M Geological upside: ➢ Possible Silver/Lead Resource of up to 10 Mt. ➢ Reconnaissance rock chip sampling and mapping returns high-grade Pb-Ag assays up to: 16.2% Pb & 41 g/t Ag (See ASX announcement 14 September 2022) ➢ Historical mining produced >26,000 Oz Ag & 2,600
Slide 28: Thank You
PAUL BURTON THANK MANAGING DIRECTOR SUREFIRERESOURCES.COM.AU YOU Surefire Resources NL Suite 10, 100 Mill Point Road, South Perth WA 6151 info@surefireresources.com.au www.surefireresources.com.au
Surefire Resources NL — Investor Presentation (July 2024) on 6ix