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Highlights
- Surefire Resources has hired the services of Snowden Optiro for the Mining Prefeasibility Study (PFS) for its WA-based vanadium project, Victory Bore.
- SRN is advancing the PFS for its flagship project at a key time when the focus on vanadium has been growing in the markets worldwide.
- Snowden Optiro will deliver mine plan, mining cost estimation and documentation for the project.
Perth-based explorer Surefire Resources NL (ASX: SRN) has hired the services of Snowden Optiro for the Mining Prefeasibility Study (PFS) for its Western Australia-based flagship vanadium project, Victory Bore.
With years of experience and expertise, Snowden-Optiro is expected to turn out to be a great addition to the Victory Bore development team. It will help in completion of the PFS with its significant input parameters.
The ASX-listed company is advancing the PFS for its 100%-owned flagship project at a key time when the focus on vanadium has been growing in the markets worldwide.
About Snowden Optiro
A tier-one international geological and mining consulting group, Snowden Optiro holds more than three decades of experience in the domestic and global markets across the mineral resources space. This appointment for the Victory Bore project would help in future as well, in terms of engagement with governments, investors, financiers, and regulators, says SRN.
The company decided to appoint Snowden Optiro after SRN inked an MOU with the Kingdom of Saudi Arabia for downstream processing of magnetite concentrate from Victory Bore. To know more, read here
Post execution of the MOU, Surefire Resources is following a development strategy to maximise value from the Victory Bore Project while keeping this asset a low-cost mine and a beneficiation operation.
Remarks by the management:
SRN shares traded at AU$0.015 midday on 24 August 2023, up more than 3% from the last close.
