Board Change • May 20
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 3 highly experienced directors. Independent Non-Executive Director Roger Smith was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • May 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 3 highly experienced directors. Independent Non-Executive Director Roger Smith was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Aankondiging • Oct 28
Surefire Resources NL, Annual General Meeting, Nov 26, 2025 Surefire Resources NL, Annual General Meeting, Nov 26, 2025. Location: at 45 ventnor avenue, west perth, western australia, Australia Aankondiging • Aug 21
Surefire Resources NL has completed a Follow-on Equity Offering in the amount of AUD 1.484328 million. Surefire Resources NL has completed a Follow-on Equity Offering in the amount of AUD 1.484328 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 742,163,860
Price\Range: AUD 0.002
Discount Per Security: AUD 0.00012
Security Features: Attached Options
Transaction Features: Rights Offering Aankondiging • May 26
Surefire Resources NL has filed a Follow-on Equity Offering in the amount of AUD 3.875261 million. Surefire Resources NL has filed a Follow-on Equity Offering in the amount of AUD 3.875261 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 1,937,630,260
Price\Range: AUD 0.002
Discount Per Security: AUD 0.00012
Security Features: Attached Options
Transaction Features: Rights Offering Aankondiging • Apr 11
Surefire Resources NL Announces Major Exploration Campaign to Commence at Surefires 100% Owned Yidby Gold Project Surefire Resources NL announced the commencement of major exploration campaign at its 100% owned Yidby Gold Project. The Yidby Gold Project is an emerging large gold system surrounded by multi-million-ounce gold deposits with Capricorn Metals Mt Gibson deposit (3.9 Moz) only 30km to the south in the same greenstone belt setting. Capricorn Metals have recently increased their land tenure and now surround Surefires Yidby tenements (see Figure 1). The Yidby Gold Project contains significant mineralised zones (see table 1: Significant gold intersections) with anomalous gold currently extending over a 3 km strike length. Bonanza style intersections occur within a lower grade porphyry system. Drilling to date has targeted near surface mineralisation above 200m, with significant potential for mineralisation to continue at deeper levels which will be tested in the next drill program. The Company has recently advanced its targeting methodology with mineralogical mapping using the Geotek Boxscan system at Galt Mining Solutions (Galt) has identifier new mafic lithologies which also carry gold. These have produced new targets at depth which could extend the current gold system extensively. The Boxscan system was developed by Geotek Ltd. (UK) who specialise in high resolution, non-destructive analysis of geological samples. Boxscan is a cutting-edge advancement for the mining industry has innovative multi-sensor core scanning capabilities providing unparalleled data collection and analysis for geological and resource assessments by acquiring up to 6 different datasets from a single scan. Aankondiging • Oct 31
Surefire Resources NL, Annual General Meeting, Nov 29, 2024 Surefire Resources NL, Annual General Meeting, Nov 29, 2024. Location: at the park business centre, 45 ventnor avenue, west perth, wa., Australia New Risk • Oct 01
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (19% average weekly change). Earnings have declined by 13% per year over the past 5 years. Revenue is less than US$1m (AU$642k revenue, or US$445k). Market cap is less than US$10m (AU$13.9m market cap, or US$9.63m). Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Shareholders have been diluted in the past year (20% increase in shares outstanding). New Risk • Jul 05
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$13.9m (US$9.37m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 13% per year over the past 5 years. Revenue is less than US$1m (AU$642k revenue, or US$433k). Market cap is less than US$10m (AU$13.9m market cap, or US$9.37m). Minor Risk Shareholders have been diluted in the past year (20% increase in shares outstanding). New Risk • Jun 06
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 17% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (17% average weekly change). Earnings have declined by 13% per year over the past 5 years. Revenue is less than US$1m (AU$642k revenue, or US$428k). Minor Risks Shareholders have been diluted in the past year (20% increase in shares outstanding). Market cap is less than US$100m (AU$15.9m market cap, or US$10.6m). New Risk • Nov 13
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: AU$14.9m (US$9.49m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 15% per year over the past 5 years. Revenue is less than US$1m (AU$147k revenue, or US$94k). Market cap is less than US$10m (AU$14.9m market cap, or US$9.49m). Minor Risks Share price has been volatile over the past 3 months (14% average weekly change). Shareholders have been diluted in the past year (4.7% increase in shares outstanding). Aankondiging • Nov 10
Surefire Resources NL has completed a Follow-on Equity Offering in the amount of AUD 2 million. Surefire Resources NL has completed a Follow-on Equity Offering in the amount of AUD 2 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 181,818,186
Price\Range: AUD 0.011
Discount Per Security: AUD 0.00066
Transaction Features: Subsequent Direct Listing Aankondiging • Nov 04
Surefire Resources NL has filed a Follow-on Equity Offering in the amount of AUD 2 million. Surefire Resources NL has filed a Follow-on Equity Offering in the amount of AUD 2 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 181,818,182
Price\Range: AUD 0.011
Discount Per Security: AUD 0.00066
Transaction Features: Subsequent Direct Listing Aankondiging • Nov 03
Surefire Resources NL has filed a Follow-on Equity Offering in the amount of AUD 2.621785 million. Surefire Resources NL has filed a Follow-on Equity Offering in the amount of AUD 2.621785 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 238,344,136
Price\Range: AUD 0.011
Discount Per Security: AUD 0.00066
Transaction Features: Rights Offering Aankondiging • Nov 01
Surefire Resources NL, Annual General Meeting, Nov 30, 2023 Surefire Resources NL, Annual General Meeting, Nov 30, 2023, at 10:00 W. Australia Standard Time. Location: 45 Ventnor Avenue, West Perth Western Australia Australia Agenda: To receive the Financial Report, together with the Directors' Report and the Auditor's Report, for the financial year ended 30 June 2023; to consider Re-election of Mr Vladimir Nikolaenko as a Director; to consider Re-election of Mr Paul Burton as a Director; to consider Approval to grant of Options to Paul Burton; and to consider Approval of 10% Additional Placement Capacity. Recent Insider Transactions • Jul 05
Managing Director recently bought AU$51k worth of stock On the 30th of June, Paul Burton bought around 4m shares on-market at roughly AU$0.014 per share. This transaction amounted to 61% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought AU$66k more in shares than they have sold in the last 12 months. Aankondiging • Feb 13
Surefire Resources NL Provides an Update on Victory Bore Vanadium Project Surefire Resources NL provided an update on its 100% owned Victory Bore Vanadium project is favourably located approximately 520 Km north-east from Perth in the emerging Mid-West mining district in WA. As part of the Company's continued evaluation of the resource, a detailed petrographic study was undertaken on samples collected from within the Main and Central Lodes within the vanadium mineralised resource structures at Victory Bore. The Main and Central lodes have significant true widths of continuous and homogeneous vanadium grades as follows: Main Lode (up to 59m in true width, to a grade of up to 0.48% V2O5) and Central Lode (up to 55m in true width, to a grade of up to 0.42% V2O5). The detailed petrographic study was completed by Diamantina Laboratories with thin section analysis caried out by Mr. R Townsend. The study highlighted and confirmed the following: The core samples consistently display coarse ilmenite (titanium iron oxide, FeTiO3), in exsolution lamellae and very low intrinsic ilmenite or other gangue elements in the magnetite. (Exsolution lamellae of ilmenite result from unmixing: When a titanium magnetite melt cools slowly the titanium separates from magnetite to form separate planar titanium bodies, in crystallographically controlled orientation); and Scanning Electron Microscopy (SEM) of magnetite, completed by the CSIRO Perth, provide spot vanadium grades ranging from 1.8% to 3.9% V2O5. These positive outputs are important for future considerations of beneficiation treatment of the resource and for planning by the Company in developing the project. This study concluded that with the coarse ilmenite there was good metallurgical separation of ilmenite from magnetite and the SEM confirmed that most of the vanadium occurs within the magnetite. As a result, the Victory Bore magnetite hosts relatively clean intrinsic vanadium, which should enable a simpler and cleaner separation in processing. The Company recently announced a significant upgrade to the Victory Bore resource with an increase of 56% to bring the Victory Bore/Unaly Hill combined total to 321Mt @ 0.40% V2O5 making it one of the largest undeveloped Vanadium resources in Australia with significant continuity of mineralisation. Next Steps: The Company is reviewing proposals for Pre-Feasibility Studies (PFS) for Victory Bore, and in parallel plans to undertake further analysis of the magnetite, along and across the Main and Central Lodes, to establish the intrinsic grade and suitability of the material for Vanadium Redox Flow batteries. Aankondiging • Feb 04
Surefire Resources NL Announces Drilling Rig Is Booked Surefire Resources NL Reported that a drilling rig is booked, and reverse circulation (RC) drilling is planned to start late February. Column leach test work has been initiated, following up from the previous excellent metallurgy sighter test work at the Company's Yidby Road Gold Project. ALS Perth has been contracted to complete column leach test work. RC Drilling A total of 2,500m of drilling is currently planned to follow up on the previously reported new discoveries of Marshall and Fender. Drilling will also test additional untested MMI gold anomalies. The drilling will step out to the north and the south on both the Marshall and Fender gold mineralised structures.Pertinent features of the gold discoveries at Yidby are: Wide downhole mineralisation widths; High grade gold intersections; and Excellent metallurgy characteristics. 3 February 2023 Following up on the excellent sighter metallurgy test work results completed by ALS Perth. The Company has initiated column leach test work. The Company has initiated column leach test work with ALS Perth. The test work will be completed on diamond drill cores recovered from the recent diamond drilling program during November 2022. The test work will be completed in 2 stages as follows: Stage 1 - A total of 4 samples of quartered diamond core will be crushed and leached at a range of crush sizes - 4mm, 6mm, 8mm and 10mm. The samples will then be leached to provide a crush grade recovery curve. Stage 2 - Column leach testing of a total of 40kg of diamond drill core. Once the optimal crush size has been determined, the Company will proceed with the column leach test. Sufficient diamond core has been retained to complete multiple column leach tests. Aankondiging • Feb 02
Surefire Resources NL Appoints Paul Burton as Managing Director, Effective 6 February 2023 Surefire Resources NL announced the appointment of Mr. Paul Burton as Managing Director (MD) effective 6 February 2023. Paul Burton is an experienced natural resources executive, CEO and Managing Director with a successful career spanning 30 years in exploration and mining for a range of different commodities having worked throughout Australia and internationally, and is one of the most experienced professionals in critical minerals projects notably vanadium and its products and battery minerals. Mr. Burton is a geologist and graduate from McGill University, Canada; a graduate of the Australian Institute of Directors and AusIMM. He has managed successful corporate activities, mineral exploration, feasibility, FEED, and research study programs and in training and mentoring staff having previously held senior and executive roles at Anglo American, De BeersLtd, Normandy Mining Ltd. and Minotaur Exploration Ltd. Aankondiging • Jan 24
Surefire Resources NL Provides Update on Recent Work Conducted on the Perenjori Iron Tenement E70/5311 Surefire Resources NL updated the market on recent work conducted on the Perenjori Iron tenement E70/5311. During a reconnaissance site visit in December 2022, a total of 17 samples were taken from interesting lithologies within the Surefire exploration tenement, at locations peripheral to the current existing Perenjori Iron resource. The sampling of newly discovered pegmatites on the property has returned significantly anomalous results with a maximum of 345ppm Total Rare Earth Oxides (TREO) in sample PI Peg001. Additional sampling in the vicinity of the pegmatite, and elsewhere on the tenement, also returned anomalous TREO values. Pegmatites were found on the eastern periphery of a kaolinised sheared granite contact between the sediments, hosting the Perenjori Iron deposit, and an intruded granite stock to the east. The results indicate either the pegmatites within the granitoid, the sheared kaolinised granite/sediment contact zone, or all the above contain rare earth elements. The south-eastern portion of the tenement hosts a historical kaolin occurrence and additional kaolin occurrences have been noted in outcrop within the Surefire tenements during the reconnaissance field trip. Kaolin has recently been recognised as a host for rare earth mineralisation within Australia and internationally; examples are the Georgia kaolin mines (Georgia State University USA), Cloud Nine (investingnews.com.au) and Caralue Bluff (smallcaps.com.au) among others. Kaolin has become a primary source for production of HPA high purity alumina for use in lithium-ion batteries. 4HPA is a high value product currently valued at approximately $AUD30,000/t. The anomalous rare earth mineralisation occurs close to the eastern tenement boundary of E70/5311, the tenement hosting the Perenjori Iron Deposit. Surefire has applied for an additional exploration licence contiguous with E70/5311 to east. Surefire plans GIS review of the aeromagnetic imagery, detailed geological mapping, local geochemistry and follow up shallow drill testing to explore the Perenjori pegmatites and kaolin occurrences. The historical focus of aeromagnetic interpretation was the huge Perenjori Iron BIF. Initial recent review of aeromagnetic data suggests the pegmatites are structurally controlled and that additional similar trending repetitions could occur within the current EL and the new EL in application. Sample PI 005-1, a highly micaceous rock which produced an assay of 267.2ppm TREO and 1930ppm Rubidium Oxide. Many of the assayed samples also contain a lithium response, with the maximum of 150.7ppm Li2O. Environmental consultants were contracted to conduct a comprehensive flora and vegetation database review for the Banded Iron Formations (BIF) on the tenement as a requirement of obtaining a Program of Work (POW) for the planned 6,000m infill reverse circulation (RC) drilling program. A report is due by early February 2023. The infill drilling is planned to provide the basis for a resource upgrade and an economic prefeasibility study as an update from the previous scoping study. The work involved completing a single season detailed flora and vegetation survey (prior to the end of November 2022) to ensure compliance with EPA technical guidelines and basic terrestrial vertebrate fauna assessment guidelines. The consultants will provide a comprehensive report following the completion of the field survey. The report will detail the background of the study area, the survey methodology, desktop assessment results, and field survey results, including mapping of vegetation types, fauna habitats, conservation significant flora and fauna, and significant vegetation communities. Aankondiging • Jan 17
Surefire Resources NL Receives 3rd and Final Tranche of Assay Results from the Recently Completed RC Drilling Campaign Surefire Resources NL announced that the 3rd and final tranche of assay results has been received from the recently completed RC drilling campaign. That campaign, of 62 holes for 5,189m, was designed to in-fill existing drill sections at a close spaced resource drilling proximity of approximately 25 x 100m spacing in preparation for a Prefeasibility Study. That drilling campaign has outlined four parallel vanadium mineralised lodes within a broad vanadium mineralised envelope. Successive drilling campaigns have extended that envelope westwards. Each of the lodes feature excellent continuity throughout the drill tested area (1.4km strike of a total of 22.5km on the Surefire tenements) and massive mineralised widths of vanadium pentoxide (V2O5). Lode widths will allow bulk mining methods with a reduced mining cost, dilution, and strip ratio. Of the four lodes currently recognised, three now have sufficient drilling to feature in the upcoming Prefeasibility Study. These three lodes are: o Main Lode up to 59m true width, up to 0.48% V2O5 o Central Lode up to 40m true width, up to 0.42% V2O5 o West Lode greater than 70m true width, and open to the west on all sections, up to 0.23% V2O5. THE MYSTERY LODE Re-levelling and interpretation of historical high resolution, aeromagnetic data covering the tenement, has produced an image with enhanced resolution. As a result, Surefire has identified and re-prioritised a new lode located 75m to the west of the West Lode. The new discovery is called the "Mystery Lode". Data review, after production of the geophysics image, has provided one historical partial drilling intercept. Hole VC0901, drilled inclined to the west at -60o, ended at 291m depth and was not assayed from the surface to a depth of 151m, and was also not assayed from 188m to 192m. The assay results for VC0901 are similar in V2O5 tenor to the current mineralised lodes. The results for VC0901 are as follows: 0 to 151m not sampled; 151 to 179m, 28m @ 0.40% V2O5; 179m to 235m, 56m @ 0.22% V2O5; 235m to 288m, 53m @ 0.40% V2O5 288 to 291m not sampled Next steps Data is now in the process of a QA/QC verification. Once completed, the drill hole database will be updated, verified, and submitted for re-estimation of the Mineral Resource to conform with the JORC resource criteria. The Company continues to compile data for the completion of a Prefeasibility Study on the back of a positive Scoping Study assessment of the project. An application for conversion of the Exploration Licence to a Mining Lease was submitted to the West Australian Department of Mining Industry Resources and Safety (DMIRS) in 2022 and is awaiting determination. Aankondiging • Jan 09
Surefire Resources NL Announces Second Tranche of Assay Results Have Been Received from the Recently Completed Rc Drilling Campaign Surefire Resources NL announced that the second tranche of assay results have been received from the recently completed RC drilling campaign. That campaign of 62 holes for 5,189m was designed to in-fill existing drill sections. It has succeeded in clearly defining three wide, continuous, and consistent Vanadium lodes. Main Lode and Central Lode were delineated by previous drilling on 400m sections. This programme infilled a 1.4km portion of the resource to 100m spaced sections. The aim was to upgrade the resource category. Significant new lode material was encountered that will potentially increase that resource. Drill holes targeted a south-south-westerly trending newly interpreted Banded Iron Formation (BIF) dipping 72o west within a coarse crystalline gabbro. The Main Lode is situated on the eastern side and is thick, predictable both along strike and down dip with wide consistent downhole intersection thicknesses rarely less than 50m, and up to 92m. The vanadium pentoxide grades range from 0.41% to 0.48% V2O5. The Central Lode is situated approximately 70m to the west of Main Lode and features mineralised thicknesses varying from 24m to 64m in downhole intersections. While drilling was focussed on the Main and Central lodes, additional vanadium mineralisation was defined and called West Lode. While the West Lode remains open to the west, it has already been shown to average 60m true width of vanadium mineralisation @ 0.23% V2O5. Board Change • Nov 17
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. 1 independent director (2 non-independent directors). Independent Non-Executive Director Roger Smith was the last independent director to join the board, commencing their role in 2017. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Recent Insider Transactions • Jul 13
Independent Non-Executive Director recently sold AU$63k worth of stock On the 5th of July, Michael Povey sold around 1m shares on-market at roughly AU$0.055 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of AU$51k more than they bought in the last 12 months. Board Change • Apr 27
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. No highly experienced directors. Independent Non-Executive Director Roger Smith was the last director to join the board, commencing their role in 2017. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Executive Departure • Oct 03
Company Secretary Neville Bassett has left the company On the 24th of September, Neville Bassett's tenure as Company Secretary ended after 3.4 years in the role. We don't have any record of a personal shareholding under Neville's name. Neville is the only executive to leave the company over the last 12 months. Executive Departure • Sep 29
Company Secretary Neville Bassett has left the company On the 24th of September, Neville Bassett's tenure as Company Secretary ended after 3.4 years in the role. We don't have any record of a personal shareholding under Neville's name. Neville is the only executive to leave the company over the last 12 months. Recent Insider Transactions • Oct 03
Insider recently sold AU$210k worth of stock On the 29th of September, Kyle Haynes sold around 10m shares on-market at roughly AU$0.021 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of AU$96k more than they bought in the last 12 months. 