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Surefire Resources NL (ASX:SRN) has appointed international consulting group Snowden Optiro to undertake the mining pre-feasibility study (PFS) for its Victory Bore Vanadium Project in Western Australia.
Snowden Optiro is a tier-one international geological and mining consulting group with more than 35 years of Australian and international experience in the mineral resources sector.
It brings a wealth of experience to the Victory Bore development team and will provide the key input parameters for completion of the PFS, which is being managed by metallurgical group METS Engineers.
Looking ahead, Snowden’s inclusion in the Victory Bore development will assist the company in the future with investors, financiers, governments and regulators.
Deliverables
Snowden Optiro will specifically provide the following deliverables for Surefire:
- Mine plan - Model preparation, equipment selection, pit optimisation and design, waste dump design, mine layout design, life-of-mine (LOM) mining schedule, haulage estimates;
- Mining cost estimation - Mining cost estimation for a contractor mining scenario; pricing schedule development and cost model;
- Documentation - On completion, Snowden Optiro will produce a mining report that can feed into the overall PFS report.
This appointment follows the recent execution of an MoU with the Kingdom of Saudi Arabia for the downstream processing of magnetite concentrate from Victory Bore.
The MoU provides the company with a clear pathway for maximising value from the Victory Bore project with a development strategy for a low-cost mine and beneficiation operation at the Victory Bore site, where high-grade vanadium concentrate is produced for transport to Geraldton Port, and then on-shipping to Port Damam, KSA.
Downstream processing of the concentrate would then occur in nearby industrial sectors to produce high-value end products of vanadium pentoxide (V2O5), vanadium electrolyte (VE), ferro-vanadium (FeV), and by-products of pig-iron, ferro-titanium and also potential for the company’s high purity alumina 4N (99.99%) HPA.
Read: Surefire Resources’ shares surge after executing MOU with Saudi Arabia for Victory Bore vanadium and HPA