Surefire Resources (ASX: SRN) has reported improved grades from metallurgical test work at its Victory Bore Critical Minerals Project in Western Australia, confirming higher vanadium pentoxide (V2O5) and iron (Fe) concentrations in bulk samples.
Results from a 700kg bulk sample show:
- Vanadium pentoxide (V2O5) averaging 1.489%, an improvement of 14.5%.
- Iron (Fe) averaging 61.68%, an increase of 15%.
- Titanium dioxide (TiO2) at 18.525%, supporting further assessment of a titanium concentrate product.
Surefire’s Managing Director Paul Burton said the results reinforce Victory Bore as a world-class critical minerals deposit.
“These results confirm the high quality of Victory Bore’s magnetite concentrate, with exceptional purity and low levels of deleterious elements. The project is well-positioned to supply high-purity vanadium, iron, and titanium products to global markets, including Saudi Arabia.”
Project scale and strategic development
Victory Bore contains a JORC resource of 464Mt, with a probable ore reserve of 93.1Mt @ 0.35% V2O5, 5.2% TiO2, and 19.8% Fe. The deposit remains open along strike, with drilling to date covering just 1km of a 20km mineralised trend.
Surefire plans to develop a high-grade magnetite concentrate at the mine site and transport it via Geraldton Port to Saudi Arabia, where it will be processed into vanadium pentoxide, vanadium electrolyte, high-grade iron oxide, pig iron, and titanium products.
