Surefire Resources NL (AU:SRN) has released an update.
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Surefire Resources NL has announced significant progress on its Victory Bore Project, a major critical and battery minerals deposit in Western Australia, with a completed Pre-Feasibility Study showing a 24-year mine life and an impressive NPV of AU $1.7 billion. The company is exploring a development strategy that includes both on-site beneficiation and potential offshore processing in Saudi Arabia, leveraging the region’s low operating costs and demand for vanadium and iron products. An alternative strategy could see immediate operations by shipping magnetite concentrate to Chinese steel mills, with feasibility studies and international discussions underway.
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