Morning trading April 27, page-69

SRN: in pre .. notice out
VICTORY BORE VANADIUM PROJECT (100%) DRILLER SECURED TO START DIAMOND DRILLING

•  Diamond Drilling to start on the Company’s 100% owned Victory Bore Vanadium Deposit

•  Field inspection completed to spot hole collars

•  Geotechnical and metallurgical data from the core to be used to advance pit design

  and pursue smarter ore beneficiation strategies

  Surefire Resources NL (“Surefire”, “the Company”) has secured a drilling contractor to undertake diamond drilling at its 100% owned Victory Bore Vanadium Deposit (Figure 1). The Victory Bore / Unaly Hill deposit has an Inferred resource of:

  237Mt @ 0.43% vanadium pentoxide (V2O5), 24.9% Fe, and 5.9% TiO21

  This has been the subject of a Scoping Study in 2012 that indicated its economic viability at the prevailing prices. This resource is equivalent to a contained 2.26 billion pounds of vanadium pentoxide. A full summary of the project can be found in the Investor Presentation released to the ASX on 31 March 2022 in which an Exploration Target of 150 - 200Mt @ 0.4 - 0.7% V2O5, 22 – 40% Fe, 6 - 8% TiO2 is outlined2.

  The deposit is hosted in a layered **bro complex that subcrops in the area of the Mineral resource estimate (Figure 2).

  The Directors completed a field visit to the deposit recently to inspect the likely initial mining area and locate the proposed drilling sites.