Surefire Resources Sees Progress in Victory Bore Project, Identifies High-Grade Potential at Unaly Hill Deposit

MT Newswires Live06-27

Surefire Resources (ASX:SRN) reported positive developments on both its flagship Victory Bore vanadium and iron ore project and its newly explored Unaly Hill magnetite deposit, according to a company filing with the Australian bourse.

The mineral explorer will continue talks with stakeholders to fast-track the Victory Bore project, including funding and product off-take partnerships.

Discussions have so far been positive and are crucial to complete a definitive feasibility study for a final investment decision, said Surefire CEO Jan de Jager.

Meanwhile, the company began a new metallurgical test work program at its 100%-owned Unaly Hill magnetite deposit in Western Australia. It found a significant potential to produce high-grade iron and titanium concentrates from this deposit following an in-house review of previous testwork, the filing said.

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