Meet Cain Fogarty: Surefire Resources’ (ASX:SRN) new Chief Executive Officer

Highlights:

• Surefire Resources NL (ASX:SRN) has boosted the skillset of its leadership team with the appointment of a new CEO.
• Mr Cain Fogarty brings onboard a wealth of experience from the mining industry.
• SRN is undertaking exciting exploration activities across its vanadium, iron ore and gold projects.

ASX-listed diversified mineral exploration company Surefire Resources NL (ASX:SRN) is aggressively moving forward with the development of its robust project portfolio in Australia.

To keep up the momentum, the company has strengthened its leadership team with the appointment of Mr Cain Fogarty as its new Chief Executive Officer, effective 11 August 2022.

The new appointment shows the strategic developments the company is making to strengthen its position in the fast-evolving gold and battery metals space. The ASX-listed company is committed to advancing its key vanadium projects at Victory Bore and Unaly Hill, Perenjori Iron Ore and the emerging Yidby gold discovery.

A brief look into Fogarty’s line of work over the years

A geologist and mineral economist, Mr Fogarty brings with him over 20 years of mining industry experience, having engaged at projects across Australia, Africa, and Asia. His expertise lies in exploration and resource growth, feasibility studies, and executive management.

His last association was with Wiluna Mining as the General Manager of Geology and Business Development. Under his leadership role at Wiluna, he guided the team, leading to substantial growth in the mineral resource. He was also responsible for activities aligned with regional business development, such as toll treatment and joint ventures.

Some of his associations that led to valuable contributions included successful exploration and development of Equinox Minerals' copper projects in Zambia through its takeover by Barrick Gold. He was engaged with CSA Global on the Caijiaying Zn-Au mine in China and with Barrick Gold in near mine reserve development at WA gold mines.

His academic accolades include a Bachelor of Science (UNE), Master in Ore Deposit Geology (UWA), and Master of Mineral Economics (Curtin). He is a Graduate of the Australian Institute of Company Directors.

Overview of Surefire Resources’ Project Portfolio

Victory Bore / Unaly Hill Project - SRN recently completed diamond and RC drilling programs at its 100%-owned Victory Bore Vanadium Deposit. The operation supports a Pre-Feasibility Study (PFS) on the project, which is now underway.   

The Victory Bore / Unaly Hill Project comprises one of the largest contained vanadium pentoxide (V₂O₅) resources in Western Australia.   

• Inferred Mineral Resource - 237Mt @ 0.43% V₂O_5, 9% Fe, and 5.9% TiO₂

Perenjori Iron Ore Project: The project is exceptionally well positioned, as can be seen from its vicinity from both the Morawa-Peronjori trunk rail line and the Karara rail spur. Both of which are located around 15 kilometres from the project area.  

The company plans to undertake infill reverse circulation drilling covering up to 5,000m on the project.

Yidby Road Gold Project: The company recently hit broad intersections with visible gold at the project.

The project, with three exploration licences, covers 113.77km² and sits within the southern portion of the Yalgoo-Singleton Greenstone Belt. The company holds, with three gold prospects hosting significant gold mineralisation.