Surefire Resources Nl · ASX:SRN
Surefire Resources Nl — Investor Presentation (May 2026)
19 slides from Surefire Resources Nl's investor presentation, May 2026
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 33
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: Highlights
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 open cut min
Slide 5: Board of Directors
Board of Directors 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 to production & deal making Roger Sm
Slide 6: Victory Bore Project
VICTORY BORE PROJECT 100% Owned by SRN 1. Located in the tier 1 Mid-West mining district of Western Australia 2. 20 Kilometers of exposed, continuous V, Ti, Fe mineralization 3. Close to road and gas power infrastructure 6
Slide 7: Resource
resource X-SECTION ➢ RESOURCE COMPRISES THICK LODES OF TITANOMAGNETITE CONTAINING VANADIUM, TITANIUM, IRON ➢ OPEN CUT MINING, LOW COST, LOW IMPACT, LOW ENVIRONMENTAL FOOTPRINT 7
Slide 8: JORC Resource, grade, recovery
JORC Resource, grade, recovery 1. 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 Total 0.15 464.6 0.30 5.
Slide 9: Development Plan
development plan ✓ ON-SHORE AUSTRALIA MAGNETITE PRODUCTION. OFF-SHORE PROCESSING IN SAUDI ARABIA ✓ 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 sect
Slide 10: 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 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 $M
Slide 12: Example of Operating Margin US$ M
example of 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 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 Pro
Slide 13: 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 14: Structure and Investment Opportunity
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 (Mining Compan
Slide 15: Estimated Timeline for DFS
estimated timeline for DFS 2025 2025 2025 2025 2025 2025 2025 2025 2025 2026 2026 2026 2026 2026 2026 2026 2026 2026 2026 2026 2026 TASK APRIL MAY JUNE JULY AUGUST SEPTEMBER OCTOBER NOVEMBER DECEMBER JANUARY FEBRUARY MARCH APRIL MAY JUNE JULY AUGUST SEPTEMBER OCTOBER NOVEMBER DECEMBER DIAMOND DRILLI
Slide 16: 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 17: 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 17
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 • DISCONNECT • STRONG BETWEEN MARKET Environmental , • OPPORTUNITY TO INVEST AT CAP AND PROJECT Social, Governance PROJECT
Slide 19: Thank You
ASX:SRN | FSE:GBL THANK YOU surefireresources.com.au 19
Surefire Resources NL — Investor Presentation (May 2026) on 6ix