Surefire Resources NL (ASX:SRN) Reports High-Grade Metallurgical Test Results for Victory Bore Project
Surefire Resources NL has announced enhanced metallurgical test results from a bulk sample at its Victory Bore Critical Minerals project in Western Australia.
Bulk Sample Results
Metallurgical test work on a 700kg bulk sample confirmed higher concentrate grades for key elements. Vanadium grades averaged 1.489% V₂O₅, marking a 14.5% improvement. Iron grades reached an average of 61.68% Fe, a 15% increase, while titanium dioxide averaged 18.525% TiO₂, supporting further development of a TiO₂ concentrate product. The concentrate was also found to be significantly clean with low levels of deleterious elements.
Project Overview
The Victory Bore project holds a JORC resource of 464Mt @ 0.3% V₂O₅, 5.12% TiO₂, and 17.7% Fe, with a Probable Ore Reserve of 93.1Mt @ 0.35% V₂O₅, 5.2% TiO₂, and 19.8% Fe. These results position Victory Bore as a world-class resource in terms of size, grade, and purity for critical mineral products.
Future Plans
Surefire plans to produce a high-grade magnetite concentrate at the Victory Bore site and transport it via Geraldton Port to Saudi Arabia for downstream processing. This process aims to produce high-purity vanadium pentoxide, vanadium electrolyte, high-grade iron oxide, pig iron, and titanium products.
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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