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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.
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