Surefire Resources secures landmark vanadium processing deal with Kingdom of Saudi Arabia

Surefire Resources (ASX: SRN) managing director Paul Burton joins Small Caps to discuss the company’s continued run of success at its Victory Bore project in Western Australia.

The company recently signed a memorandum of understanding with the Kingdom of Saudi Arabia covers the proposed concentrate processing of the Victory Bore vanadium production.

The Victory Bore vanadium bearing magnetite concentrate is now in line to be processed in the Kingdom of Saudi Arabia for a variety of products, opening up a significant new market for this highly sort after product.

The Kingdom itself is a significant user of vanadium products, particularly in its steel sector.

Meanwhile, Surefire has unveiled an opportunity to produce another high-value critical commodity from the Victory Bore operations.

Recent testing has confirmed that Victory Bore’s high-grade aluminium oxide has the potential to provide low-cost feedstock for High Purity Alumina (HPA) production.

Named as a critical mineral by the Australian government, HPA is currently valued at between $37,000 – $60,000 per tonne.

Significantly, the aluminium oxide can be obtained from waste rock when Victory Bore’s high-grade vanadium resource is mined.

Articles:
https://smallcaps.com.au/surefire-resources-secures-vanadium-processing-deal-kingdom-saudi-arabia/
https://smallcaps.com.au/hydrological-report-clears-way-development-surefire-resources-victory-bore-vanadium-project/
https://smallcaps.com.au/surefire-resources-receives-confirmation-victory-bore-hpa-potential/

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

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