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Highlights
- Yidby gold mineralisation extends by 500 metres
- Victory Bore yields high-grade concentrate and inks offtake deal
- Copper Hill indicates promising VMS mineral system
Surefire Resources (ASX:SRN) has released its March 2025 quarter update, showcasing noteworthy progress across its portfolio of gold, copper, and critical minerals projects in Western Australia. The company, an emerging ASX mining stock, has made substantial strides at its flagship Yidby and Victory Bore projects while also unlocking new exploration potential at Copper Hill.
Extended Gold Zone at Yidby Project
Drilling at the Yidby Gold Project delivered strong results, extending the known mineralised zone by 500 metres to the southeast. Drill holes YBRC109 and YBRC110 revealed broad intersections of mineralisation, reaching up to 36 metres in width. These findings suggest the presence of a more continuous and expansive gold system than previously estimated.
Earlier drilling efforts had already shown encouraging grades, including 20 metres at 1.73 g/t gold from hole YBRC102. The company has also pinpointed a high-priority target for further exploration in the current quarter, identified through historical soil and stream sediment surveys.
Copper Hill Shows Signs of VMS System
Surefire’s Copper Hill prospect, part of the Yidby Copper Project, is emerging as a potential volcanogenic massive sulphide (VMS) system. Scout drilling at hole PBRC010 returned copper assays up to 2,010 ppm, with mineralisation intensifying toward the end of the hole. Detailed analysis revealed the presence of chalcopyrite and pyrrhotite in syn-metamorphic veins, bolstering the VMS interpretation. A follow-up electromagnetic survey is scheduled to map conductive sulphide zones more precisely.
Strategic Advances at Victory Bore
Significant headway was made at the Victory Bore Project, where Surefire signed a Heads of Agreement for the offtake of vanadium and titanium products. The concentrate derived from bulk sampling exceeded expectations, grading 61.68% iron, 1.489% vanadium pentoxide (V₂O₅), and 9.921% titanium dioxide (TiO₂). These results surpass assumptions from the previous Pre-Feasibility Study.
The project’s proximity to proposed downstream facilities in Saudi Arabia adds strategic value. The company is progressing a Definitive Feasibility Study in collaboration with global partners. Victory Bore hosts an ore reserve of 93 million tonnes with high-value vanadium and titanium content, supporting long-term production viability.
Additional Corporate Updates
While no new field activity was recorded at the Unaly Hill vanadium-iron project, Surefire advanced environmental approvals at the Perenjori Magnetite Project. The company also received A$439,000 under a national R&D tax incentive and reported a quarter-end cash balance of A$550,000, sufficient to maintain operations well into the future.
With strong exploration outcomes and strategic partnerships underway, Surefire Resources (SRN) continues to reinforce its position within Australia’s critical minerals landscape.
