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Highlights
- Surefire completed a 31-hole RC drilling program at the Yidby Gold Project, with nearly all holes intersecting gold mineralisation.
- Geophysical surveys completed at the Copper Hill prospect.
- The survey identified a broad, double-peaked conductive anomaly associated with copper sulphide mineralisation.
- A review of historical gold exploration data revealed previously untested anomalies at the Kadji tenements.
- The company raised AUD 1.54 million through a non-renounceable rights issue.
Surefire Resources NL (ASX:SRN) (FSE:GBL) has reported significant progress across its Western Australian gold and critical minerals portfolio for the quarter ended 30 September 2025. Key activities included encouraging drilling results at the Yidby Gold Project, completion of advanced geophysical surveys at the Copper Hill prospect, identification of new gold anomalies from historic data at the Kadji tenements, and a AUD 1.54 million capital raise through a rights issue.
Yidby Gold Project –Drilling Results and New Targets
The Yidby Gold Project sits within the Ninghan Fold Belt of the Yilgarn Craton and is surrounded by major deposits, including Capricorn Metals’ 4.5Moz Mt Gibson gold project, located 30km south. The company has identified eight gold prospects and new targets that remain underexplored within the tenement package.
At the project, five prospects with wide gold mineralisation were intersected from drilling, and metallurgical testing reported gold recoveries from heap/vat leaching and simple crushing. The project continues to demonstrate the potential for a large-scale gold system, suggests the company update.
During the quarter, the company completed a 31-hole reverse circulation (RC) drilling program totalling 3,972m. Nearly all holes intersected gold mineralisation, with widths extending up to 100 metres and grades reaching 4.5 g/t Au. Significant intercepts included:
- YBRC136 - 108m @ 0.62g/t Au from 72m, including
- 4m @ 2.13g/t Au from 83m
- 4m @ 3.93g/t Au from 103m
- 4m @ 1.30g/t Au from 115m
- 4m @ 0.99g/t Au from 147m
- 4m @ 4.57g/t Au from 179m
- YBRC137 - 12m @ 1.01g/t Au from 164m, including 4m @ 1.62g/t Au from 167m
- YBRC140 - 32m @ 1.09g/t Au from 148m, including
- 4m @ 2.83g/t Au from 148m
- 4m @ 1.07g/t Au from 156m
- 4m @ 1.31g/t Au from 168m
- 4m @ 1.75g/t Au from 172m
- YBRC120 - 12m @ 0.53g/t Au from 24m, including 4m @ 1.13g/t Au from 32m
Geophysical Survey Conducted at Copper Hill
During the quarter, the company concluded both Moving-Loop Time-Domain Electromagnetic (MLEM) and Fixed Loop Electromagnetic (FLEM) surveys at the Copper Hill to identify subsurface electrically conductive mineralisation potentially linked to copper sulphides. Conducted by Southern Geoscience Consultants, the program utilised advanced high-sensitivity equipment capable of detecting deep and weak conductors.
Results revealed a broad, double-peaked conductor on line 530050mE in the late time channels, modelled as a steeply dipping, northeast-striking plate that aligns with known structural controls and historic copper intersections. This anomaly has been prioritised for drilling in the company’s upcoming exploration program.
Gold Anomalies at Kadji tenements
During the quarter, the company initiated a review of historic gold exploration data focused on its 100%-owned Kadji Gold Project located in the Mid-West of Western Australia. This work revealed several promising but previously untested results from work conducted in the 1980s and 1990s by major explorers. These programs reported highly anomalous gold and multi-element assays that were not followed up due to the gold prices at the time.
A follow-up field program is being prepared to further investigate these substantial historical results in the next quarter.
The company raised AUD 1,540k through a non-renounceable rights issue in the September 2025 quarter.
SRN shares were trading at AUD 0.002 per share at the time of writing on 31 October 2025.
