ASX:SRN

ABOUT SUREFIRE RESOURCES

Surefire Resources is an established and active mineral exploration company headquartered in Perth, Western Australia. The Company holds a diversified portfolio of mineral exploration licences covering vanadium, magnetite and gold projects located in highly prospective regions of Western Australia.

Surefire’s primary strategic focus is on delivering sustainable value to shareholders through the advancement of its Victory Bore Vanadium Project, a globally significant critical and battery minerals development. The project is strategically located close to existing infrastructure and is supported by a completed Pre-Feasibility Study, which demonstrated a robust Net Present Value (NPV) of approximately $1.7 billion and an Internal Rate of Return (IRR) of 42%, highlighting its strong economic potential.

The Victory Bore Vanadium Project is recognised as one of the largest and most advanced vanadium projects in Australia and positions Surefire to take advantage of growing global demand for vanadium, particularly in energy storage and decarbonisation-related technologies.

In addition to Victory Bore, Surefire continues to build value across its broader exploration portfolio. The Company’s Yidby Gold Project, which has recently identified a new 2-kilometre mineralised corridor, presents significant exploration upside, while its green magnetite projects further strengthen Surefire’s exposure to future-facing commodities.

Together, these projects provide a strong foundation for growth and position Surefire Resources as a well-diversified and strategically placed participant in the Australian resources sector.