Surefire Resources NL has completed a preliminary geological model using interim portable XRF analytical results and geological logs of recent RC drill holes at its 100% owned Victory Bore Vanadium Deposit. The Victory Bore - Unaly Hill Project is favourably located in the Midwest mining district 50 km south of Sandstone, Western Australia. The combined Project comprises one of the largest V2O5 resources in Western Australia, with an Inferred Mineral Resource1 237Mt @ 0.43% V2O5, 24.9% Fe, and 5.9% TiO2 Portable XRF analyses were completed to guide the drilling, and while the XRF data is considered insufficient to report assay grades, which are awaited from the laboratory, the Company has used these results and logs to guide the initial geological interpretation.

The infill drilling was designed to upgrade the resource category and provide samples for the metallurgical testwork component of the Pre-Feasibility Study (PFS). The Victory Bore - Unaly Hill deposits are contained within a layered gabbro with multiple stacked vanadium-titanium-magnetite rich layers up to 80m wide. The layered gabbro strikes 020o and dips 80o to the west, with excellent continuity seen between drill holes.

Weathering is shallow, with fresh rock consistently logged from 10 to 25m below surface. The combined Victory Bore - Unaly Hill host gabbro has a total strike length of over 20km, which is yet to be fully tested and illustrates the Project's longer-term exploration potential. Logging of fresh RC chips has also revealed disseminated sulphides including pyrite, chalcopyrite and pyrrhotite associated with increasing amounts of vanadium-titanium-magnetite.

RC samples will be assayed for Ni, Co and Cu, which may occur in valuable concentrations.