Surefire Resources NL
Industry:Â MINING
Surefire Resources is an active and well-established mineral exploration company headquartered in Perth, Western Australia, with a diversified portfolio spanning vanadium, magnetite, gold, and copper projects across Tier-1 mining jurisdictions in Western Australia.
The Company’s core value driver is the Victory Bore Vanadium Critical Minerals Project, one of the largest and most advanced vanadium development projects in Australia. Located close to established infrastructure, Victory Bore has completed a Pre-Feasibility Study demonstrating robust economics, including a pre-tax NPV of approximately A$1.7 billion, an IRR of ~42%, and a long mine life. The project positions Surefire to capitalise on growing global demand for vanadium in energy storage, grid-scale vanadium redox flow batteries, and green steel production.
Surefire is actively advancing Victory Bore in collaboration with international partners, with a clear strategy to integrate downstream processing in the Kingdom of Saudi Arabia, leveraging strategic funding support, industrial partnerships, and emerging green-steel and critical minerals hubs in the region. This offshore processing pathway enhances project economics while supporting global supply chain diversification outside traditional BRICS-dominated vanadium sources.
In parallel, the Company’s gold and premium magnetite assets—including Yidby, Perenjori, and Kadji – provide additional upside through exploration success, strong metallurgical characteristics, proximity to infrastructure, and exposure to favourable commodity cycles. These projects offer optionality and near- to medium-term value catalysts alongside the flagship vanadium development.
Overall, Surefire Resources combines scale, advanced studies, strategic international positioning, and commodity diversification, underpinned by an experienced management team, to deliver long-term shareholder value in the critical minerals and energy transition landscape.