Slide 1: Presentation Update
28 September 2023 PRESENTATION UPDATE Australian mineral exploration company Surefire Resources NL (ASX:SRN) (“SRN” or the “Company”) advises that pursuant to advice from the ASX the Company’s presentation released on 19 September 2023, “The Victory Bore Vanadium Project” has been updated. The updat
Slide 2: The Victory Bore Vanadium Project
For personal use only THE VICTORY BORE VANADIUM PROJECT WWW.SUREFIRERESOURCES.COM.AU
Slide 3: Important Information
IMPORTANT INFORMATION The information in this report that relates to The information in this report that relates to the The information in this report that relates to The information in this report that relates to the Exploration results is based on information compiled Perenjori Western Limb and Ea
Slide 4: Developing One of Australia's Largest Critical Mineral Deposits
— SUREFIRERESOURCES.COM.AU For personal use only 3 DE VELOPING ONE OF AUSTR ALIA’S L ARGE ST CRITICAL MINER AL DEPOSITS — SUREFIRE RESOURCES
Slide 5: Agenda
I N T RO D UCT I O N T HE V A N A D I UM MA RK E T SUREFIRERESOURCES.COM.AU For personal use only T HE O F F SHO RE 4 AGENDA P RO CE SSI N G O P T I O N W HY SA UD I A RA B I A D E V E L O P ME N T A P P RO A CH CO N CL USI O N
Slide 6: Experienced Board & Management
EXPERIENCED BOARD & MANAGEMENT Paul Burton Vladimir (Roger) Nikolaenko Michael Povey Roger Smith MAN A G IN G DI RECTO R E X E C U TIVE C H AIR M AN N O N - E X E C UT I V E D I R E C T O R N O N - E X E C UT I V E D I R E C T O R SUREFIRERESOURCES.COM.AU For personal use only Mr Burton is an experi
Slide 7: Corporate Summary
CORPORATE SUMMARY CAPITAL STRUCTURE Fully paid ordinary shares 1,651,363,477 Unlisted partly paid shares (Subject to Calls $0.027) 188,785,323 SUREFIRERESOURCES.COM.AU Unlisted partly paid shares (Subject to Calls $0.0059) 70,000,000 For personal use only Share price $0.016 Market Capitalisation $26
Slide 8: Surefire Resources Summary
SUREFIRE RESOURCES SUMMARY SUREFIRE HAS 3 HIGH VALUE SIGNIFICANT PROJECTS WITH COMMODITIES IN DEMAND AND IN FOCUS VICTORY BORE VANADIUM PROJECT For personal use only 321Mt 1 @ >0.4% V2O5 (concentrate grade of 1.43% V2O5) 37Mt @ 23% AI2O3 Exploration Target of 682 Mt to 1,190 Mt @ 0.2% to 0.43% V205
Slide 9: Victory Bore High Grade Vanadium
VICTORY BORE HIGH GRADE VANADIUM MAIN RESOURCE COMPRISES TWO THICK LODES OF For personal use only VANADIFEROUS MAGNETITE ~50M WIDTH, OPEN AT DEPTH > 160M AND STRIKE OF >10KM HIGH Secondary resource comprises one GRADE thick lode of high grade aluminium ALUMINIUM OXIDE oxide, 50m wide, open at depth.
Slide 10: Mineral Resources
MINERAL RESOURCES JORC RESOURCES VANADIUM TONNES AND GRADE Victory Bore Measured 16.8 Mt @ 0.42% V2O5 Victory Bore Indicated 70.3 Mt @ 0.40% V2O5 For personal use only Victory Bore Inferred 147.7 Mt @ 0.38% V2O5 Total 234.8 Mt @ 0.39% V2O5 Unaly Hill Inferred 86.2 Mt @ 0.42% V2O5 Project Total: 1 32
Slide 11: Focus is Vanadium Battery Storage
FOCUS IS VANADIUM BATTERY STORAGE IT’S HAPPENING! SUREFIRERESOURCES.COM.AU For personal use only 30% SUBSTANTIAL • Higher energy density VANAD IUM F LOW VRB STORAGE • Long life: over 20 years 10 • Over 20,000 recharge BATTERY MARKET cycles with no degradation 10% FORECAST OTHER • No damage if under
Slide 12: High Purity Alumina – HPA
HIGH PURITY ALUMINA – HPA Global total demand for HPA in 2022 was between 60,000 tpa and 80,000 tpa SUREFIRERESOURCES.COM.AU For personal use only THE PREDICTED NEW MARKETS FOR HPA ARE SIGNIFICANT AND INCLUDE:1 11 • 4N (99.99%) AI203 PRODUCED • LED REPLACEMENT Annual demand growth is between FROM VI
Slide 13: The Development Plan
THE DEVELOPMENT PLAN ON SHORE MAGNETITE PRODUCTION. CONCENTRATE SHIPPED FOR DOWNSTREAM PROCESSING. OFF SHORE PROCESSING IN SAUDI ARABIA. SUREFIRERESOURCES.COM.AU For personal use only • Memorandum of • The KSA is a significant Understanding (MOU) with user of vanadium products, the Kingdom of Saudi
Slide 14: Proposed Pathway for Victory Bore Project Development
PROPOSED PATHWAY FOR VICTORY BORE PROJECT DEVELOPMENT SUREFIRERESOURCES.COM.AU For personal use only 13 MINING BENEFICIATION EXTRACTION TRANSPORT SHIPPING PROCESSING Victory Bore Vanadium Magnetite production Magnetite separated Magnetite Transported Shipped to Magnetite processed Magnetite mined fr
Slide 15: Next Steps
NEXT STEPS SUREFIRERESOURCES.COM.AU For personal use only • Completion of pre-feasibility study • Progress Saudi processing option 14 • Completion of V2O5 extraction direct (HPV) for producing VE • Progress with VRB strategy • Offtake discussions commenced • HPA 4n 99.995 confirmed – next steps scop
Slide 16: Investment Key Points
INVESTMENT KEY POINTS • DEVELOPING ONE • BATTERY GRADE • GOOD EXISTING SUREFIRERESOURCES.COM.AU For personal use only OF AUSTRALIA’S VANADIUM AND HPA FRASTRUCTURE LARGEST VANADIUM INCLUDING GAS 15 DEPOSITS • 100% OWNED • PROJECTS VALUE • HIGH GRADE • 400KM FROM PORT NOT CURRENTLY REFLECTED IN • HUGE
Slide 17: Thank You
PAUL BURTON THANK MANAGING DIRECTOR SUREFIRERESOURCES.COM.AU For personal use only YOU Surefire Resources NL Suite 10, 100 Mill Point Road, South Perth WA 6151 info@surefireresources.com.au www.surefireresources.com.au
Slide 18: World Class
For personal use only 17 WORLD CLASS SUREFIRERESOURCES.COM.AU