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Assays Confirm Successful High Purity Alumina from Victory Bore Project — ASX:SRN| ASX Mining News & Discussion
L
Lykeshares
2y
Official
$SRN
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.
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
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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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L
Lykeshares
154d
Official
Berkshire is hoarding so. much. cash.
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L
Lykeshares
154d
Official
Intel’s been lagging behind for years, while AMD has pulled far ahead in both consumer and professional-grade chips, it’s really not a close race anymore.
There’s this idea floating around that throwing enough cash at Intel will suddenly turn them into the next TSMC. But semiconductor manufacturing isn’t something you can
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rush, it’s a complex, slow-moving process that takes years of precision and experience.
Intel could recover some ground eventually, but framing them as the savior of American chipmaking feels more like a political talking point than a practical reality.
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L
Lykeshares
1y
Official
Buffet indicator is showing some wild times ahead perhaps, combine that with Berkshires record high cash hoard of 30%... chart via barchart.com / Longtermtrends
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L
Lykeshares
1y
Official
Looks like we're going through something, but who would have thought with all these tarrifs, inflation and trade wars going on
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L
Lykeshares
1y
Official
Where does this end up long term with small stocks suffering white giant caps are taking all the coin?
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L
Lykeshares
1y
Official
🔺 Student Loan Delinquencies Hit Record 12.9%...
The spike in red reflects financial strain returning fast. Credit card delinquencies are rising too, hinting that lower-income consumers might be nearing a breaking point. What's going on...
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L
Lykeshares
1y
Official
$ASN
Is Anson Resources’ US$330M Financing Deal the Key to Unlocking Utah’s Lithium Potential?
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