Surefire Resources (ASX: SRN) to accelerate Saudi offtake discussions on back of positive Victory Bore PFS (w/ Paul Burton)

Small Caps

Surefire Resources (ASX: SRN) managing director Paul Burton joins Small Caps to discuss the robust results reported in a pre-feasibility study for its Victory Bore vanadium project in Western Australia.

Company representatives will travel to the Saudi Arabian capital of Riyadh next month to continue discussions for potential processing opportunities in that country.

Surefire has already signed a non-binding Memorandum of Understanding (MoU) with the Ministry of Investment Saudi Arabia (MISA) for vanadium and critical mineral processing in the Kingdom of Saudi Arabia (KSA).

The Victory Bore study has confirmed a viable project producing approximately 1.25 million tonnes per annum of high-quality vanadium-titanium magnetite concentrate at the Victory Bore mine.

The project will also produce up to six products from that concentrate in the Kingdom of Saudi Arabia, including 2,580 tonnes per annum of high purity vanadium and 5,760 tonnes per annum of ferrovanadium.

The KSA has a significant steel sector with demand for vanadium products, including ferrovanadium and vanadium electrolyte for vanadium redox batteries.

Article:
https://smallcaps.com.au/surefire-resources-new-saudi-offtake-discussions-robust-victory-bore-report/

For more information on Surefire Resources:
https://smallcaps.com.au/stocks/asx-srn/

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