Surefire Resources Nl · ASX:SRN
Surefire Resources Nl — Investor Presentation (June 2024)
19 slides from Surefire Resources Nl's investor presentation, June 2024
Slide 1: Corporate Presentation
CORPORATE PRESENTATION WWW.SUREFIRERESOURCES.COM.AU
Slide 2: Developing One of Australia's Largest Critical Mineral Deposits
DEVELOPING ONE OF AUSTRALIA’S LARGEST CRITICAL MINERAL DEPOSITS 21 km of exposed continuous vanadium mineralisation — SUREFIRERESOURCES.COM.AU >1Bt Exploration Target Mineral Resource 3 464Mt JORC Mineral Resource 93Mt Ore Reserve Battery grade vanadium electrolyte NPV US$1.1B 10 IRR 42% SUREFIRE RE
Slide 3: Developing a New Vanadium Extraction Process
DEVELOPING A NEW VANADIUM EXTRACTION PROCESS USING PROPRIETARY LEACH PROCESS TO EXTRACT VANADIUM IRON AND TITANIUM AVOIDS USE OF KILN WITH—HIGH CO2 EMMISSIONS AND SUREFIRERESOURCES.COM.AU LARGE ENVIRONMENTAL FOOTPRINT 97% EXTRACTION ACHIEVED AFTER 24 HOUR LEACH OF CONCENTRATE SCALE UP TESTWORK UNDER
Slide 4: 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 5: Experienced Board & Management
EXPERIENCED BOARD & MANAGEMENT Vladimir (Roger) Nikolaenko Jan de Jager Paul Burton Michael Povey Roger Smith EXECUTIVE CHAIRMAN CHIEF EXECUTIVE OFFICER MANAGING DIRECTOR NON-EXECUTIVE DIRECTOR NON-EXECUTIVE DIRECTOR Mr Nikolaenko has over 40 years Mr de Jager has over 25 years of Mr Burton is an ex
Slide 6: Corporate Summary (as at end May 2024)
Corporate Summary (as at end May 2024) Capital Structure Fully paid ordinary shares 1,986,307,813 Unlisted Partly paid @ $0.027 188,785,323 Unlisted Partly paid @ $0.0059 70,000,000 Share price $0.011 Market Capitalisation $21.8M Board and Management 16.5% Cash $2.2M Board of Directors Vladimir Niko
Slide 7: 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 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 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 10: Peer Comparison
PEER COMPARISON Company Country Project Stage Catgory Resource Reserve Mt Grade Conc Grade Strip Ratio NPV USD IRR CAPEX Mkt Source Mt Mt % % (disc rate %) % $AUD M Cap $AUD M Year Developers Surefire Resources Australia Victory Bore Feasibility Measured & Indicated 464 93 0.4 1.45 0.9 1.1B @ 10% 42
Slide 11: 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 12: Products
PRODUCTS SUREFIRERESOURCES.COM.AU 13 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,
Slide 13: 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 14: Yidby Gold Project
YIDBY GOLD PROJECT Exploration tenure of 114km2 in Major Gold mine district - the Yalgoo-Singleton Greenstone Belt 400km Major gold projects in the area: • Mt Gibson 2.75Moz (Capricorn Metals) 30km to South • Rothsay 507koz (Silver Lake) 30km to North • Golden Dragon 1.1Moz (Minjar) • Kirkalocka 1Mo
Slide 15: Perenjori High Grade Iron Project
PERENJORI HIGH GRADE IRON PROJECT One of the largest magnetite resources in the Mid-West mining district - 200km from Geraldton Port, 15Km from railway • Exceptional High Grade of 37% Fe3O4 in Banded Iron Formation (BIF) • Produces a premium 67 – 70% Fe3O4 concentrate will attract a premium price. K
Slide 16: Kooline High Grade Lead - Silver
KOOLINE HIGH GRADE LEAD - SILVER Key Points: • The Kooline Base Metals Project in the Ashburton region of Western Australia covers prospective lead- silver and copper mineralisation. Sampling results confirmed the high-grade tenor of the lead (14% - 16.2%) and silver (up to 55g/t) mineralisation, •
Slide 17: 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 18: 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 19: 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
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