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Highlights
- At the Yidby Gold Project, final assays from the September RC drilling program returned a high-grade intercept of 1m @ 15.83 g/t Au in hole YBRC136.
- A geological interpretation identified a northwest plunge and higher grades at depth, supporting drill planning for the March 2026 quarter.
- Electromagnetic surveys at Copper Hill identified conductive features aligned with copper anomalism, scheduled for drilling.
- At the Victory Bore Vanadium–Titanium–Iron Project, the company progressed metallurgical review, Mining Licence application activities, downstream processing assessments and engagement with potential strategic and offtake partners.
Surefire Resources NL (ASX:SRN) (FSE:GBL) has reported its exploration, evaluation and development activities for the three-month period ended 31 December 2025. During the period, the company focused on interpreting exploration results, refining priority targets and planning next stage field work across its portfolio of gold, copper and critical mineral projects in Western Australia. The quarter’s work has provided important technical insights, informed drill planning, and advanced evaluation of assets.
Gold Exploration Focused on Yidby
The Yidby Gold Project remained a key focus during the quarter. The company advanced geological interpretation and target refinement, building on previous drilling programs.
Final assay results were received from the RC drilling program completed in September 2025. The results included a high-grade intercept of 1m @ 15.83 g/t Au in drill hole YBRC136, confirming Yidby as a significant gold system.
Notably, hole YBRC136 returned the broadest mineralised envelope recorded at the Yidby Project to date. The total mineralised envelope was 108m @ 0.61 g/t Au from 71m, incorporating multiple higher-grade zones.
Drilling across the project has intersected gold mineralisation at all eight prospects within the Yidby project area, indicating continuity of the mineralised system at depth and along strike. Mineralisation at the project plunges northwest, with higher grades at deeper levels. This opens up new target areas for drilling planned in the March 2026 quarter.
Copper Hill Targets Refined
At the Copper Hill Project, exploration activities focused on geophysical interpretation and target definition. Efforts included interpreting Moving Loop Electromagnetic (MLEM) survey results, integrating EM responses with surface geochemistry and geological mapping, and identifying conductive features that align with copper anomalism—now prioritised as drill targets.
A conductive feature with a double peak response was identified and modelled as a steeply dipping, north-east striking plate. The anomaly coincides with areas of historic copper intersections and aligns with known structural controls. The target is planned to be drilled during Q1 2026.
Victory Bore Development and Processing Pathways
SRN’s strategically important asset, the Victory Bore Vanadium–Titanium–Iron Project continued to progress through technical review and permitting activities. During the quarter, advancement of the Mining Licence application continued alongside assessment of downstream processing and product pathways, including vanadium recovery and value-added concentrate options.
Technical review of metallurgical test work, which confirmed the ability to produce high-grade magnetite concentrate, progressed during the quarter.
Furthermore, engagement with potential strategic and offtake partners continued and development pathways were evaluated.
During the December 2025 quarter, Surefire Resources continued exploration, evaluation and technical assessment activities across its Western Australian project portfolio. Work completed during the period has informed planning for subsequent field programs and further studies scheduled for upcoming quarters.
SRN shares were trading at AUD 0.002 per share at the time of writing on 30 January 2026.
