Surefire Resources Nl · ASX:SRN
Surefire Resources Nl — Investor Presentation (February 2025)
22 slides from Surefire Resources Nl's investor presentation, February 2025
Slide 1: Developing One of Australia's Largest Critical Mineral Deposits
ASX:SRN | FSE:GBL DEVELOPING ONE OF AUSTRALIA’S LARGEST CRITICAL MINERAL DEPOSITS surefireresources.com.au 1 SRN: Investorbrief 27
Slide 2: Important Statements
Important Statements Forward Looking Statements: This announcement contains ‘forward-looking information’ that is based on the Company’s expectations, estimates and projections as of the date on which the statements were made. This forward-looking information includes, among other things, statements
Slide 3: Developing One of Australia's Largest Critical Mineral Deposits
DEVELOPING ONE OF AUSTRALIA’S LARGEST CRITICAL MINERAL DEPOSITS 20 km of continuous vanadium, titanium and Iron Ore mineralisation at SUREFIRERESOURCES.COM.AU surface close to infrastructure and power >1Bt Exploration Target Mineral Resource 464Mt JORC Mineral Resource 93Mt Ore Reserve SUREFIRE RESO
Slide 4: Investment highlights
Investment highlights 1. Approximately 99% of the vanadium mined is extracted in Brazil, Russia, China, South Africa (BRICS) 2. Surefire is Developing one of Australia largest vanadium, titanium and premium iron ore deposits to diversify the supply chain 3. Surefire has a clear development plan of o
Slide 5: Experienced Team
Experienced Team Board of Directors Managing Director Vladimir (Roger) Nikolaenko - Executive Chair • 40+ years´ experience in growing public companies from exploration to operation Michael Povey - Non-Executive Director • 40+ years´ worldwide experience in the resource sector from mine management t
Slide 6: Corporate Snapshot (as at 16/01/2025)
Corporate Snapshot (as at 16/01/2025) Capital Structure Shareholdings Fully paid ordinary shares 2,416,307,813 Board Unlisted Partly paid @ $0.027 188,785,323 27.2 % Unlisted Partly paid @ $0.0079 350,000,000 Unlisted Partly paid @ $0.0059 70,000,000 Top 20 40% Current share price (AUD) $0.004 Other
Slide 7: Victory Bore Project
VICTORY BORE PROJECT HIGH VALUE PROJECT 100% Owned by SRN 1. Located in tier 1 Mid-West mining district 2. 20 Kilometers of exposed, continuous V, Ti, Fe mineralization 3. Close to road and gas power infrastructure 7
Slide 8: Victory Bore X-Section
VICTORY BORE X-SECTION HIGH GRADE VANADIUM 1. RESOURCE COMPRISES TWO THICK LODES OF TITANOMAGNETITE CONTAINING VANADIUM, TITANIUM, IRON 2. A THICK LODE OF HIGH ALUMINUM OCCURS WITHIN THE RESOURCE- POTENTIAL FOR HIGH PURITY ALUMINIUM (HPA) 3. OPEN CUT MINING, LOW COST, LOW IMPACT, LOW HIGH GRADE ENVI
Slide 9: Victory Bore JORC Resources
Victory Bore JORC Resources 1. Vanadium, Titanium, Iron JORC Resource Cut-off (% Tonnes Classification: (V2O5) (Mt) V2O5 (%) TiO2 (%) Fe (%) Al2O3 (%) SiO2 (%) Measured 0.15 25.3 0.35 4.96 19.20 17.0 34.9 Indicated 0.15 113.2 0.32 4.70 18.19 17.4 35.9 Inferred 0.15 326.1 0.28 5.28 17.41 16.0 36.4 To
Slide 10: Development Plan
Development Plan 1. ON-SHORE AUSTRALIA MAGNETITE PRODUCTION. OFF-SHORE PROCESSING IN SAUDI ARABIA 2. CONCENTRATE SHIPPED TO SAUDI ARABIA FOR DOWNSTREAM MINERAL PROCESSING INTO HIGH VALUE PRODUCTS. • The KSA is a significant user of vanadium, Titanium and Iron products, and an emerging major steel se
Slide 11: Pre-Feasibility Study (December 2023)
Pre – Feasibility Study (December 2023) PROJECT PARAMETER UNIT AMOUNT PRODUCTS Pre-tax NPV at a 10% discount rate USD $M $1,110 • 2,580 t/a High purity vanadium Pre-tax NPV at a 10% discount rate AUD $M $1,708 Pre-tax Internal Rate of Return % 42.22% • 5,760 t/a of Ferrovanadium Capital Cost USD $M
Slide 12: Victory Bore – Operating Margin US$ M
Victory Bore – Operating Margin US$ M Expected margin of Operation. years 1 – 9 out 24 year mine life 609 575 574 585 558 Gross Revenue 541 533 523 515 Cash Margin 380 369 367 361 370 Total Cost 20 20 346 20 342 351 20 16 20 16 16 20 16 16 20 20 312 15 15 15 20 14 178 168 167 171 152 162 155 148 134
Slide 13: Project Development Strategy
Project Development Strategy 1. Mining & Beneficiation on Site (Australia) 2. Shipping to Saudia Arabia for processing Why Saudi Arabia? • Low cost jurisdiction for power and utilities to Saudi Arabia • Proximity to markets for all products • Up to 50% of KSA processing plant CAPEX available from Sa
Slide 14: Development Strategy
Development Strategy Memorandum of Understanding (MoU) • MoU with Ministry of Investment, KSA • MoU with Ajlan Bros. Mining, Heads of Agreement with DRA Global • Feasibility Study in Saudi Arabia and Australia • Full engineering and design capability (EPCM, NPI) • Project delivery and operational re
Slide 15: Logistics and Processing Strategy
Logistics and Processing 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 met
Slide 16: Logistics and Products
Logistics and Products MINING BENEFICIATION EXTRACTION TRANSPORT SHIPPING P R O C E S S I N G PLANTS SUREFIRERESOURCES.COM.AU Victory Bore Vanadium Magnetite production Magnetite separated Magnetite Transported IN KSA Shipped to Magnetite mined by and loaded and Loaded at from Victory Bore deposit D
Slide 17: Project Structure and Investment opportunity
Project Structure and Investment opportunity Surefire Resources NL 100% 100% VB Metals Pty Ltd Shipped to Saudi at arms length transfer price Saudi Processing Company Victory Bore Mine Saudi Processing Plant Capex Capex US$ 162.6 M US$ 335.8 M 1) Opportunity for equity investment in VB Metals (Minin
Slide 18: Estimated Timeline to Production
Estimated Timeline to Production Q1 Q2-4 Q1-3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2025 2025 2026 2026 2027 2027 2027 2027 2028 2028 DFS Funding Compile DFS Environmental approvals Mining licence grant Final Investment Decision Final Design for beneficiation plant - Australia Final Design for Vanadium Pentoxide pla
Slide 19: 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. SUREFIRERESOURCES.COM.AU Up to 75% of CAPEX available from Saudi Investment Development Fund December 2023 PRE-
Slide 20: Next Steps
Next Steps • Secure location for processing and binding JV SUREFIRERESOURCES.COM.AU agreements • Agreements for funding for development work • Complete Offtake Agreements • Complete permitting and other studies 20
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 • DISCONNECT • STRONG BETWEEN MARKET Environmental , • OPPORTUNITY TO INVEST AT CAP AND PROJECT Social, Governance PROJECT
Slide 22: Thank You
ASX:SRN | FSE:GBL THANK YOU surefireresources.com.au 22
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