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SUREFIRE RESOURCES NL (SRN)

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ASX, Legal & CGT Status

Former (or subsequent) names

 FROMTO
SUREFIRE RESOURCES NL09/12/2016
BLACK RIDGE MINING NL24/11/200909/12/2016
BLACK RIDGE MINING LTD04/06/200924/11/2009
GENESIS BIOMEDICAL LIMITED04/06/2009

Shareholder links

Our website ranking of SRN: rating 4
(4 out of 5)
COMPANY WEBSITE:

 

REGISTRY:

Automic Registry Pty Ltd
Level 5, 191 ST GEORGES TERRACE PERTH WA 6000
Tel : +61 (2) 8072 1400 or 1300 288 664 (within Australia)
RegistryWebsite RegistryEmail

Company details

ISIN: AU000000SRN2
Address: 45 Ventnor Avenue West Perth WA 6005
Tel:  08 9429 8846Fax: 08 9429 8800

Date first listed: 11/06/1999

Sector: Materials Industry Group: XMJ
Activities: Exploration for mineral resources

News & Events

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The suspension of trading in the following Options of Surefire Resources NL will be lifted immediately following the release by SRN of an announcement regarding a Top 20 Holders report for the Options: SRNOD.

15/12/2023

The following Options of Surefire Resources NL will be suspended from quotation immediately under Listing Rule 17.3, pending confirmation of the conditions of quotation for SRNOD: SRNOD.

14/12/2023

The suspension of trading in the securities of Surefire Resources NL will be lifted immediately following the release by SRN of an announcement regarding the completion of a Pre-feasibility Study on its' Victory Bore Vanadium Project.

05/12/2023

The Victory Bore Pre-Feasibility Study has been completed on time, and on-budget by METS Engineers, Snowden-Optiro and other key specialists. An updated Mineral Resource of 465 Mt @ 0.30% V2O5, 5.1% TiO2 and 17.7% Fe was reported in accordance with the JORC Code (2012). A maiden probable Ore Reserve of 93 Mt @ 0.35% V2O5, 5.2% TiO2 and 19.8% Fe was reported in accordance with the JORC Code (2012). The operation will involve an optimal mining rate of 4 Mt/a of ore to produce approximately 1.25 Mt/a of high-grade magnetite concentrate to be processed into six end products. Mining and magnetite concentration to occur at Victory Bore in Western Australia. Magnetite concentrates to be bulk shipped to the Kingdom of Saudi Arabia for downstream processing into final high value end products. Mining will be by standard open cut methods: low strip ratio, drill and blast, load and haul. Downstream processing will use traditional methods with modern applications and state of the art flow processing. Processing in KSA has significant advantages with lower Operating and Capital Costs and close proximity to markets. The KSA Government has proposed downstream processing to be located in one of the industrial hubs specifically designated for Ferro-Alloy processing.

05/12/2023

The securities of Surefire Resources NL will be suspended from quotation immediately under Listing Rule 17.2, at the request of SRN, pending the release of an announcement regarding compliance with ASX reporting requirements in relation to the detailed content of an announcement advising of the completion of a Pre-feasibility Study on its' Victory Bore Vanadium Project.

04/12/2023

The suspension of trading in the securities of Surefire Resources NL will be lifted immediately following the release by SRN of an announcement regarding test results.

25/07/2023

Test work has successfully confirmed the synthesis and production of 4N HPA (99.99%) from the Company's Victory Bore deposit, with a highest value achieved of 99.992%. Further optimisation is expected to improve these initial results. The Company appointed Lava Blue Ltd (Lava Blue) in March 2023 to undertake a study on High Purity Alumina production as an additional product from its 100% owned Victory Bore deposit. The Company's Victory Bore deposit is unique in having exceptionally high Aluminium Oxide in the waste rock with grades up to 31.4% Al2O3. The high grades of Aluminium oxide in the waste rock provide the company with a significant advantage: A potential low-cost feedstock for high value HPA production. 4N HPA is an in-demand material, used in applications including coatings for lithium ion battery separators, LED production, and synthetic sapphire production. ï‚· HPA markets are growing and 4N products currently achieve up to USD$25,000-$40,000/tonne. Surefire announced a maiden Mineral Resource Estimate of 38Mt1 @ 23.3% Al2O3 over a portion of the Victory Bore deposit providing the Company with a significant value addition to the planned Vanadium extraction operation. This maiden resource could be increased subject to further drilling and assaying.

25/07/2023

The securities of Surefire Resources NL will be suspended from quotation immediately under Listing Rule 17.2, at the request of SRN, pending the release of an announcement regarding test results.

24/07/2023

The suspension of trading in the securities of Surefire Resources NL will be lifted immediately, following the release by SRN of an announcement regarding its project areas in Western Australia and settlement of its previously announcement tenement acquisition.

29/04/2019

Tenement consolidation in the Mid-West provides Surefire with over 25km strike of vandiferous titanium-magnetite mineralisation. New Combined Inferred Mineral Resource over 237Mt. Metallurgical Scoping Study and advanced testwork for the production of Ferro-Vanadium completed by METS/CSIRO on Victory Bore. Study showed estimated operating costs for Ferro-Vanadium production well below the current product price. Advanced metallurgical studies on Unaly Hill and Victory Bore confirm good quality vanadium products can be produced. Additional revenue potential from titanium and iron by-products. Company intends to evaluate economic potential of Ferro-vanadium as well as vanadium pentoxide as a final product. Greater than 200Mt of similar mineralisation potential within Victory Bore and Unaly licences.

29/04/2019

The securities of Surefire Resources NL will be suspended from quotation immediately under Listing Rule 17.2, at the request of SRN, pending the release of an announcement regarding its project areas in Western Australia and settlement of its previously announced tenement acquisition.

24/04/2019

The suspension of trading in the securities of Surefire Resources NL will be lifted from the commencement of trading today, Thursday, 23 August 2018, following the release by the Company of an announcement regarding an acquisition.

23/08/2018

Surefire consolidates tenement holding at Unaly Hill by addition of the Victory Bore Vanadium field (EL57/1036). Victory Bore deposit contains Mineral Resource 151Mt @ 0.44% V2O5. EL57/1036 provides Company with contiguous tenement holding over 25km strike of vandiferous magnetite titanium deposits. They increased Vanadium Mineral Resource base to 237 million tonnes. The purchase price is $500,000 cash, 62,500,000 SRN FP shares (voluntarily escrowed for 6 months). Milestone payments will be made; within 60 days of SRN completing a pre-feasibility study stating that the Victory Bore Tenement, if developed as a mine, would have an internal rate of return of not less than 20%, payment of $AUD650,000 in cash or equivalent in SRN shares; and within 60 days of SRN announcing a decision to mine in the Victory Bore Tenement area, payment of $AUD650,000 in cash or equivalent in SRN shares.

23/08/2018

HGM has agreed to sell its non core WA vanadium project to ASX listed Surefire Resources NL for the following consideration: A$500k in cash; 62.5m SRN shares (A$750k at deemed price of $0.012), escrowed for six months; A$650k in cash or share consideration within 60 days of SRN announcing a PFS for the project with an IRR of over 20%; and A$650k in cash or share consideration within 60 days of SRN announcing a decision to mine. Sale monetises a non core asset to enable sole focus of the Company to be on its nine prospective Austrian gold and cobalt, copper, nickel projects.

21/08/2018

The securities of Surefire Resources NL will be suspended from quotation immediately under Listing Rule 17.2, at the request of SRN, pending the release of an announcement regarding the acquisition of a significant tenement area.

21/08/2018

we understand that on or about this date the company consolidated its shares 1 for 20

05/04/2018

The suspension of trading in the securities of Surefire Resources NL will be lifted from the commencement of trading on Monday, 4 September 2017, following receipt of an announcement.

01/09/2017

The company has entered into an agreement for a loan drawdown facility of up to $200,000 with Vargas Holdings, a company associated with Mr. Vladimir Nikolaenko, as the lender. The proceeds of the facility will be used for general working capital purposes of the company.

01/09/2017

Under listing rule 17.6, any entity (if not already suspended) that had not paid its annual listing fees by close of business on Monday 21 August 2017 will have its securities suspended from official quotation before the commencement of trading on Tuesday 22 August 2017. The company has failed to pay to ASX Limited the annual listing fees in respect of the year ending 30 June 2018 and consequently will have its securities suspended from quotation immediately.

22/08/2017

The Board is now finalizing the formal withdrawal from Plato Mining (The Shareholder) of the S249D notice as a result of Mr Brett Clark's resignation as well as addressing ongoing resources required by the company. The Company will remain in suspension until all matters are completed which is expected to be by 28 August 2017.

21/08/2017

In accordance with ASX Listing Rule 17.3, the Company hereby requests that its securities be placed into suspension pending an announcement in relation to Ongoing Funding, Board structure, and the 249D notice. The Company requests that trading in its securities be suspended until after the expected announcement is made, expected to be on or before Monday 7th August 2017.

02/08/2017

The securities of Surefire Resources NL will be suspended from official quotation immediately at the request of the Company, pending the release of an announcement.

01/08/2017

The company is still finalising details and documentations in respect of: ongoing funding arrangement; new board structure; and 249D notice. These are expected to be finalised on or before 7 August 2017.

31/07/2017

The company lodges its Quarterly Activities and Cashflow Report.

31/07/2017

The securities of Surefire Resources NL (the "Company") will be placed in Trading Halt Session State at the request of the Company, pending the release of an announcement by the Company. Unless ASX decides otherwise, the securities will remain in Trading Halt Session State until the earlier of the commencement of normal trading on Tuesday, 1 August 2017 or when the announcement is released to the market.

28/07/2017

The securities of Surefire Resources NL will be reinstated to official quotation from the commencement of trading today following the release of an announcement regarding an acquisition.

21/04/2017

The company has signed a binding heads of agreement providing a three-month exclusive option to acquire the Ashburton Cobalt Project.

21/04/2017

The company lodges its Half Yearly Report and Accounts.

20/04/2017

Surefire Resources NL advises that it is still finalising details on its capital raising and project acquisition. As such the Company will remain in suspension until these matters are completed. It is expected this will be finalised on or before Monday 24 April 2017.

13/04/2017

Surefire Resources NL advises that it is still finalising details on its capital raising and project acquisition announced to the market in a trading halt request on 13 March 2017. As such the Company will remain in suspension until these matters are completed. It is expected this will be finalised on or before Monday 17 April 2017.

10/04/2017

Surefire Resources NL advises that it is still finalising details on its capital raising and project acquisition announced to the market in a trading halt request on 13 March 2017. As such the Company will remain in suspension until these matters are completed. It is expected this will be finalised on or before Monday 10 April 2017.

03/04/2017

The Directors of Surefire Resources NL wish to advise the expected Closing Date of the Prospectus lodged on 24 March 2017, has been extended. The offer will now close on Friday 7 April 2017 at 5pm WST.

31/03/2017

Surefire Resources NL advises that it is still finalising details on its capital raising and project acquisition announced to the market in a trading halt request on 13 March 2017. As such the Company will remain in suspension until these matters are completed. It is expected this will be finalised on or before Monday 3 April 2017.

27/03/2017

The company issues a prospectus for the Offer of up to 100,000 Shares at an issue price of $0.002 per Share to raise approximately $200 (before costs of the offer).

24/03/2017

Surefire Resources NL advises that it is still finalising details on its capital raising and project acquisition announced to the market in a trading halt request on 13 March 2017. As such the Company will remain in suspension until these matters are completed. It is expected this will be finalised on or before Monday 27 March 2017.

22/03/2017

The company is still finalising details on its capital raising and project acquisition. Hence, it will remain in suspension. The matter is expected to be finalised on or before Wednesday 22 March 2017.

20/03/2017

The securities of Surefire Resources NL will be suspended from official quotation immediately at the request of the Company, pending the release of an announcement in relation to a capital raising.

15/03/2017

The securities of Surefire Resources NL will be reinstated to official quotation from the commencement of trading today following the release of an announcement regarding a capital raising.

19/12/2016

The company has signed a mandate with CPS Capital to raise up to $500,000 by way of placement to sophisticated/professional investors via the issue of 250,000,000 fully paid ordinary shares at $0.002 per share. Subsequent to completion of the placement, the company will issue one free attaching listed option for each share subscribed for under the placement. The funds raised will be used for further field activity, a drilling program at Kooline and working capital.

19/12/2016

The securities of Surefire Resources NL will be suspended from official quotation immediately at the request of the Company, pending the release of an announcement.

16/12/2016

name changed from Black Ridge Mining NL

09/12/2016

 

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    Click here for free access to this company's:
    ASX, Legal & CGT Status

    Directors' on-market share transactions (last 5)

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    Purchases Sales

    DATEDIRECTORNUMBERPRICEAMOUNT
    30/06/2023Paul Burton3,667,191$0.014$51,341
    20/02/2023Paul Burton1,000,000$0.014$14,300
    05/07/2022Michael Povey-2,047,945$0.055$112,531
    23/12/2021Vladimir Nikolaeko920,000$0.011$10,120
    13/02/2014Vladimir Nikolaenko3,400,000$0.002$6,800

    Click here for the last 20 transactions all companies

    Directors & Executives (current)

    NAMETITLEDATE OF APPT
    Paul BurtonManaging Director06/02/2023
    Jan de JagerCEO13/05/2024
    Vladimir NikolaekoNon Exec Director04/02/2011
    Michael PoveyNon Exec Director12/10/2017
    Roger SmithNon Exec Director30/11/2017
    Neville BassettCompany Secretary

    Date of first appointment, title may have changed.

    Directors & Executives (former)

    NAMETITLEDATE OF APPOINTMENTDATE OF RESIGNATION
    Cain FogartyCEO11/08/202201/11/2022
    Trent SpryCEO22/02/201611/08/2022
    Victor TurcoNon Exec Director21/06/201730/11/2017
    John WareingNon Exec Director17/05/201712/10/2017
    Brett ClarkExecutive Director08/03/201617/08/2017
    Rahul SinghExecutive Chairman05/07/201710/08/2017
    Jan SloaneNon Exec Director05/07/201710/08/2017
    David SumichManaging Director17/05/201721/06/2017
    Don ValentinoNon Exec Director19/08/201617/05/2017
    Graeme SmithDirector27/10/201517/05/2017
    Peter ElliottChairman29/01/201408/03/2016
    Edward GilfillanNon Exec Director15/05/201327/10/2015
    Malcolm CarsonDirector26/07/201329/01/2014
    Stuart ThirdDirector24/05/201326/07/2013
    Alan WindussNon Exec Chairman04/02/201115/05/2013
    Robert MolkenthinExecutive Director, COO05/07/201115/05/2013
    Angus MiddletonNon Exec Director01/01/200913/04/2012

    Date of first appointment, title may have changed.