Assays Confirm Successful High Purity Alumina from Victory Bore Project Surefire Resources Nl

Assays Confirm Successful High Purity Alumina from Victory Bore Project

Surefire is delighted to announce the successful synthesis and production of 4N (99. 99%) High Purity Alumina (HPA) from its Victory Bore deposit, representing a significant value-add to the company's high purity Vanadium Project.

Confirmation of 4N HPA Production

Test work conducted on the Victory Bore deposit has confirmed the successful production of 4N HPA, with a highest achieved value of 99. 992%. The company is optimistic about further optimisation efforts that could improve these initial results.

Lava Blue Ltd Appointed

Surefire appointed Lava Blue Ltd in March 2023 to undertake a study on HPA production as an additional product from the 100% owned Victory Bore deposit. This strategic decision aligns with Surefire's commitment to maximising the potential of its resource assets.

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Advantage of the Victory Bore Deposit

The Victory Bore deposit stands out for its exceptionally high levels of aluminum oxide in the waste rock, boasting grades of up to 31. 4% Al2O3. This advantageous characteristic provides Surefire with a significant edge, as it offers a potential low-cost feedstock for the production of high-value HPA.

Growing Demand for 4N HPA

4N HPA is a highly sought-after material used in various industries. Its applications include coatings for lithium-ion battery separators, LED production, and synthetic sapphire production. The HPA market is experiencing steady growth, with 4N products currently achieving prices of up to USD $25,000 - $40,000 per tonne, according to MarketCap. com. au.

Significance of the Victory Bore Resource Estimate

Surefire recently announced a maiden Mineral Resource Estimate of 38Mt1 @ 23. 3% Al2O3 over a portion of the Victory Bore deposit. This represents a substantial value addition to the company's planned Vanadium extraction operation. There is potential for this maiden resource estimate to increase through further drilling and assaying procedures.

CEO Optimistic about Future Development

Mr. Paul Burton, the Managing Director of Surefire, expressed his enthusiasm for the successful test work results, stating, "This achievement adds significant value to the Company's Victory Bore deposit. HPA derived from such a host rock presents exciting possibilities for our future development strategy. We will now carefully consider the feasibility of HPA production as we develop our plans for the Victory Bore Vanadium Project. "

Surefire is well-positioned to capitalise on the growing demand for HPA, leveraging their unique deposit and promising test work results to drive the company's future expansion and success.

Management Comment: Mr. Paul Burton, Managing Director, said: "This successful test work result adds significant value to the Company's Victory Bore deposit. HPA from such a host rock raises important possibilities for the Company's future development strategy. We will now consider the feasibility of HPA production in the development plans for the Victory Bore Vanadium Project. "

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