The Assay TV sits down with Paul Burton, managing director of Surefire Resources (ASX: SRN), an Australian mineral exploration company based in Perth, Western Australia.
Surefire currently owns three high value projects, the Victory Bore Vanadium Project, the Yidby Gold Project, and the Perenjori High Grade Magnetite Project, all containing commodities currently in focus with investors.
Paul updates us on a recently released mineral resource update for the company’s flagship Victory Bore Vanadium Project. The latest estimate includes an inferred resource of 321Mt @ 0.40% V2O5, and an exploration target of over a billion tonnes of vanadium pentoxide along a 10km strike length.
The company has started work on a pre-feasibility study for the project, with results expected later this year. Offtake discussions are also in progress.
Paul also discusses plans for the advanced Perenjori Magnetite Iron Ore project and updates on the latest round of drilling at the company’s Yidby Gold Project, a new discovery on the Yalgoo-Singleton Greenstone belt, where the company recently reported grades that included 1m @ 39g/t Au at shallow depth.
Website: www.surefireresources.com.au
Primary ticker: ASX:SRN
Stage of development: Exploration, Development
Commodities: Vanadium, Gold, Magnetite
Project to promote: Victory Bore Vanadium
Project location: Australia
