Surefire Resources NL (ASX:SRN) has begun magnetite concentrate production from its 100%-owned Victory Bore Iron-vanadium-titanium project in the Mid-West of Western Australia.
The company started the program following discussions with external parties interested in evaluating the Victory Bore concentrate.
Approximately 700 kilograms of sample material from the main ore zone has been collected and is being processed at Nagrom Laboratories in Perth to produce fresh magnetite concentrate.
The sample will undergo the standard beneficiation process — including crushing, grinding and magnetic separation — as outlined in the Victory Bore Pre-Feasibility Study.
This will deliver a high-grade magnetite concentrate, which will undergo further downstream processing for the production of vanadium pentoxide, ferrovanadium, pig iron, high-purity iron and titanium slag.
Once the beneficiation process is completed, the premium magnetite concentrate will be shipped to selected overseas groups for technical evaluation.
This initiative supports the company’s development pathway for its flagship project and advances ongoing discussions with Saudi, Middle Eastern and European companies.
In late November MD Paul Burton spoke with Proactive regarding an expression of interest (EoI) from HMS Bergbau AG, a German commodities trading group, for the supply of vanadium and titanium from Victory Bore.
HMS Bergbau is a specialist in the global marketing and logistics of raw materials, with operations spanning Europe, Africa, Asia and the Middle East, and maintains strong connections with funding organisations.
Plenty of work in the Mid-West
Surefire also recently completed its maiden drilling program at the Phat Boy copper prospect, part of the Yidby East Project in WA’s Mid-West region, intersecting 50 metres of disseminated and blebby sulphides within volcanic units.
The drilling encountered a sequence of dark volcanic clays, followed by disseminated sulphides hosted in black volcanic fresh rock beneath anomalous copper and zinc soil geochemical zones.
Notably, the program delivered a continuous 50-metre-wide intersection of disseminated sulphides within black volcanic rock, highlighting the potential of the prospect.