Surefire Resources Nl · ASX:SRN
Surefire Resources Nl — 121 Mining Investment Conference, Hong Kong 2023
24 slides from Surefire Resources Nl's conference presentation, Mar 29, 2023
Slide 1: Managing Director Presentation
29 March 2023 MANAGING DIRECTOR PRESENTATION 121 Mining Investment Conference, Hong Kong Australian mineral exploration company Surefire Resources NL (ASX:SRN) (“SRN”) is pleased to attach a presentation which will be made today by its Managing Director, Paul Burton, at the 121 Mining Investment Con
Slide 2: Victory Bore
VICTORY BOR Paul Burton 121 Mining Investment Conference Managing Director March 29, 2023 20 March 2023 Hong Kong
Slide 3: Important Information
Important Information Competent Person Statement The information in this report that relates to Exploration results is based on information compiled by Mr Marcus Flis who is a Fellow of the Australian Institute of Geoscientists. Mr Flis is an independent Principal Consultant at Rountree Pty Ltd. Mr
Slide 4: Surefire Resources Summary
Surefire Resources Summary Surefire has 3 high value significant projects with commodities in demand and in focus VICTORY BORE VANADIUM AND BATTERY MINERAL PROJECT 321Mt 1 @ +0.4% V2O5 (concentrate grade of 1.43% V2O5 ) YIDBY GOLD PROJECT New Gold discovery in Gold District 400km from Perth Bona
Slide 5: Corporate Summary
Corporate Summary Capital Structure Fully paid ordinary shares 1,581,363,477 Unlisted partly paid shares (Subject to Calls $0.027) 188,785,323 Unlisted partly paid shares (Subject to Calls $0.0059) 140,000,000 Share price $0.02 Market Capitalisation $31.6M Board and Management 12.4% Cash $2.8M Debt
Slide 6: Board & Management
Board & Management Paul Burton Vladimir (Roger) Nikolaenko Michael Povey Roger Smith MANAGING DIRECTOR EXECUTIVE CHAIRMAN NON-EXECUTIVE DIRECTOR NON-EXECUTIVE DIRECTOR Mr Burton is a corporate Mr Nikolaenko has over 40 Mr Povey is a mining engineer Mr Smith is an resource executive and years of comm
Slide 7: Victory Bore
Victory Bore World class Vanadium deposit with over 2 billion pounds of contained V2O5
Slide 8: Victory Bore Snapshot – size, grade, location
Victory Bore Snapshot – size , grade, location Exceptional resource base Category Tonnes and Grade Measured 16.8 Mt @ 0.42% V2O5 Indicated 70.3 Mt @ 0.40% V2O5 Inferred 147.7 Mt @ 0.38% V2O5 Unaly Hill Inferred 86.2 Mt @ 0.42% V2O5 Project Total 2 321.0 Mt @ 0.39% V2O5 Exploration Target 682 Mt @
Slide 9: World class
World class One of Australia's largest Vanadium and Battery mineral deposits with over 3 billion pounds of contained V2O5 and HPA Aluminium Oxide potential • Located 400km from Geraldton Port • Close to existing infrastructure including gas Key Points: 321Mt 1 @ 0.40% V2O5 • >10KM strike = Significa
Slide 10: > 20Km Strike of contiguous High Grade Vanadium
> 20Km Strike of contiguous High Grade Vanadium 1 Complies with JORC(2012), ASX release 1 February 2023
Slide 11: Current Development at PFS stage
Current Development at PFS stage Resource comprises two thick lodes of vanadiferous magnetite in Gabbro open at depth > 160m and strike of >10km • PFS targeted completion by mid-end 2023 • Metallurgical and other studies progressing • Focus on Extraction of Vanadium from concentrate Victory Bore ano
Slide 12: Focus is Vanadium Batteries – Storage – Its happening!
Focus is Vanadium Batteries – Storage – Its happening! Substantial VRB Storage Battery Market forecast The market is dominated by Vanadium Flow batteries and Lithium-Ion batteries. Expected to be $50-$100 Billion by 2025 Vanadium Flow 30% Other 10% Lithium Ion 60% • Higher energy density • Long life
Slide 13: High Purity Alumina – HPA
High Purity Alumina – HPA • Surefire is evaluating this potential • HPA currently sells for >$20,000 USD / tonne • Lava Blue appointed to commence testwork The predicted new markets for HPA are significant and include 1 : LED replacement lighting CO2 emission separators Semi-conductors Lithi
Slide 14: Next Steps
Next Steps • Completion of PFS – highly positive results expected given price of vanadium and other factors • Assess V2O5 extraction direct for producing VE • Progress with VRB strategy • Offtake discussions commenced • HPA potential test work commenced 13
Slide 15: Perenjori
Perenjori World Class, Premium-grade magnetite.
Slide 16: Perenjori Project – Premium-grade, iron
Perenjori Project – Premium-grade, iron 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 pr
Slide 17: Advantageous Metallurgy
Advantageous Metallurgy1 Faction2 Fe % SiO2 % Al2O3 % P% S% Mass Recovery % Head 37.32 40.93 1.01 BD 0.22 100.0 106µm 64.57 9.10 0.06 BD 38.9 75µm 67.95 4.96 0.03 BD 36.0 45µm 69.62 2.38 0.02 0.004 0.34 34.6 Grind size of 45µm produces an ultra high grade iron concentrate A 75µm grind produces a pre
Slide 18: Next Steps
Next Steps Environmental survey completed and under review Next phase of drilling planned to bring up to 1Bt mid-end 2023 Offtake discussions commenced
Slide 19: Yidby
Yidby Gold discovery
Slide 20: Yidby Gold Project – New Gold Discovery
Yidby Gold Project – New Gold Discovery Exploration tenure of 114km2 in Major Gold mine district - the Yalgoo-Singleton Greenstone Belt 400km from Perth Major gold projects in the area: • Mt Gibson 2.75Moz (Capricorn Metals) 30km to South • Rothsay 507koz (Silver Lake) 30km to North • Golden Dragon
Slide 21: Yidby Gold Discovery – Gold results
Yidby Gold Discovery – Gold results 1 Outstanding first pass exploration and drilling results, thick intercepts and good grades open in all directions Interval Au From Interval Au From Hole Hole (m) (g/t) (m) (m) (g/t) (m) YBRC005 25 1.42 36 YBRC024 19 1.38 14 YBRC006 38 1.43 32 YBRC026 19 1.21 159
Slide 22: Next Steps
Next Steps 24 Hole RC drill programme underway Aim to expand mineralisation and test structure Complete leach testwork JORC resource by end 2023
Slide 23: Key Investment Points
Key Investment Points 3 SIGNIFICNAT PROJECTS OPPORTUNITY - Projects value not reflected in share price Developing one of Australia's largest Vanadium deposits ¢ High Grade > 3B pounds of contained vanadium ° Huge resource > 1Bt ¢ Battery grade Vanadium and HPA * Huge Magnetite resource * Large new G
Slide 24: Paul Burton Managing Director Surefire Resources NL
Paul Burton Managing Director +61 (0) 434 957 535 Surefire Resources NL Suite 10, 100 Mill Point Road, South Perth WA 6151 +61 8 6331 6330 info@surefireresources.com.au www.surefireresources.com.auau surefireresources.com.au
Surefire Resources NL — 121 Mining Investment Conference, Hong Kong 2023 on 6ix