Surefire Resources (ASX: SRN) managing director Paul Burton joins Small Caps to discuss the company's ground-breaking achievement in successfully extracting vanadium directly from magnetite concentrate from its 100% owned Victory Bore project in Western Australia.

The test work process achieved a significant 91% extraction result on the vanadium ore after a 96-hour leach directly from magnetite concentrate using Surefire’s pre-leach treatment intellectual property.

The company also obtained a bonus extraction rate of 88% titanium from the Victory Bore ore.

The company is targeting the emerging vanadium battery sector in Australasia with a clean high purity vanadium electrolyte.

As part of that plan, Surefire recently executed a non-binding memorandum of understanding with Saudi Arabian company Ajlan & Bros. Mining and Metals.

The signing of the MOU with Ajlan is part of the company’s business development strategy to have a Saudi partner to jointly progress a feasible development pathway for the project, and to take advantage of the incentives available in the Kingdom of Saudi Arabia for resource projects. 

Articles:
https://smallcaps.com.au/surefire-resources-breakthrough-vanadium-extraction-victory-bore-project/
https://smallcaps.com.au/saudi-arabia-accelerates-diversification-lithium-gold-sectors

For more information on Surefire Resources:
https://smallcaps.com.au/stocks/asx-srn/