SUREFIRE RESOURCES NL — AGM Information 2025

Nov 25, 2025

surefireresources.com.au

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ASX:SRN | FSE:GBL Annual General Meeting Presentation Managing Director, Paul Burton | 26 November 2025

Disclaimer & Competent Persons Statement

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This announcement contains ‘forward-looking information’ that is based on the Company’s expectations, estimates and projections as of the date on which the statements were made. This forwardlooking information includes, among other things, statements with respect to the Company’s business strategy, plans, development, objectives, performance, outlook, growth, cash flow, projections, targets and expectations, mineral reserves and resources, results of exploration and related expenses. Generally, this forward-looking information can be identified by the use of forward-looking terminology such as ‘outlook’, ‘anticipate’, ‘project’, ‘target’, ‘potential’, ‘likely’, ‘believe’, ‘estimate’, ‘expect’, ‘intend’, ‘may’, ‘would’, ‘could’, ‘should’, ‘scheduled’, ‘will’, ‘plan’, ‘forecast’, ‘evolve’ and similar expressions. Persons reading this announcement are cautioned that such statements are only predictions, and that the Company’s actual future results or performance may be materially different. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the Company’s actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information.

Competent Person and New Information Statements:

The information in this report that relates to exploration results has been reviewed, compiled and fairly represented by Mr Horst Prumm, a Member of the Australian Institute of Mining and Metallurgy (‘AusIMM’) and the Australian Institute of Geoscience (‘AIG’) and a fulltime employee of Prumm Corporation Pty Ltd. Mr Prumm has sufficient experience relevant to the style of mineralisation and type of deposits under consideration to qualify as a Competent Person as defined in the 2012 Edition of the Joint Ore Reserves Committee (‘JORC’) Australasian Code for Reporting of Exploration Results, Minerals Resources and Ore Reserves. Mr Prumm consents to the inclusion in this report of the matters based on this information in the form and context in which it appears.

The information in this report that relates to metallurgical results has been reviewed, compiled, and fairly represented by Mr Damian Connelly, a Member of the Australian Institute of Mining and Metallurgy (‘AusIMM’) and the Australian Institute of Geoscience (‘AIG’) and a fulltime employee of METS engineers. Mr Connelly has sufficient experience in the activity he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the Joint Ore Reserves Committee (‘JORC’) Australasian Code for Reporting of Exploration Results, Minerals Resources and Ore Reserves. Mr Connelly consents to the inclusion in this report of the matters based on this information in the form and context in which it appears.

The information in this report that relates to the Victory Bore Vanadium mineral resource estimation is based on work completed by Mr. Stephen Hyland, a Competent Person and Fellow of the AusIMM. Mr. Hyland is Principal Consultant Geologist with Hyland Geological and Mining Consultants (HGMC), who is a Fellow of the Australian Institute of Mining and Metallurgy and holds relevant qualifications and experience as a qualified person for public reporting according to the JORC Code in Australia. Mr Hyland consents to the inclusion in this report of the information in the form and context in which it appears.

SRN confirms that it is not aware of any new information or data that materially affects the information included in the original market announcements and, in the case of estimates of Mineral Resources, which all material assumptions and technical parameters underpinning the estimates in the relevant market announcement continue to apply and have not materially changed. The Company confirms that the form and context in which the Competent Person’s findings are presented have not materially changed from the original market announcement.

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ASX:SRN | FSE:GBL

Corporate Overview

CAPITAL STRUCTURE

Fully Paid Ordinary Shares	4,025,609.250
Unlisted Partly Paid Shares @ $0.027	188,785,323
Unlisted Partly Paid Shares @ $0.0059	70,000,000
Current Share Price (AUD) (1)	$0.002
Market Capitalisation (AUD) (1) Listed Share Options (2)	$8.05M 351,072,907
Listed Share Options (3)	1,307,843,046
Employee Share Options (4)	30,000,000

(1) As of 12 November 2025

(2) Exercisable into fully paid shares at $0.019 each, on or before 30.11.2026

• (3) Exercisable into fully paid shares at $0.004 each, on or before 11.7.2027

(4) Exercisable into fully paid shares at $0.018716 each, on or before 6.12.2025, subject to vesting conditions

SHAREHOLDING

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Board & Management Other
29.7% 70.3%
ASX:SRN | FSE:GBL
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BOARD OF DIRECTORS

Paul Burton - Managing Director

• 30+ Years´ Experience In Natural Resources

• From Exploration To Business Development

• Geologist And Mineral Economist

Vladimir (Roger) Nikolaenko - Executive Chair

• 40+ Years´ Experience In Growing Public Companies

• From Exploration To Operation

Michael Povey - Non-Executive Director

• 40+ Years´ Worldwide Experience In The Resource Sector

• From Mine Management To Production & Deal Making

Roger Smith - Non-Executive Director

• Successful Career As A Businessman

• Extensive Experience In Public Mining Companies

AGM PRESENTATION | 03

Overview: Developing Critical Mineral & Gold Projects in Tier 1 jurisdiction

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Vanadium Titanium Iron

High Grade Magnetite

Efficient Energy Storage: Critical minerals plus Vanadium Redox batteries allow efficient and scalable energy storage

Reduction in carbon emissions: Green steel production relies on higher-grade ore to be used in electric arc furnaces instead of coal

Gold & Copper

Western Australia: Jurisdiction

Ticking the boxes: Premium projects in area surrounded by Moz gold projects and major producers

Safe Geopolitcal Jurisdiction: 99% of the global vanadium mined is extracted in BRICS-countries. Western Australia mines have ability to supply globally

ASX:SRN | FSE:GBL

AGM PRESENTATION | 04

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Of Data.
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Surefires Project Portfolio

Victory Bore

• Substantial Increase In V, Ti, Fe Grades In Magnetite Concentrate; Progression with discussions on offtake and funding

Yidby Gold

• Completion Of Drilling And Re-Interpretation Of Data. –

• System Enhanced Drilling At Depth Next Step Tenure surrounded by major producer

Copper Hill

• VMS style sulphides and EM Conductor Identified At Copper Hill

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Perenjori

• Review Of Historic Data Provides Compelling Gold Results

ASX:SRN | FSE:GBL

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AGM PRESENTATION | 05
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In 2025 ..

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Gold At Record High Prices

Strategic Review Of Surefire’s Projects resulting in Focus On Advancing all Gold Projects In Portfolio

Copper Hill Project

Sulphide mineralisation of VMS style - New Em Conductor Ready To Be Drilled

Victory Bore Critical Mineral Deposit

• Higher grades in Bulk Sample Concentrate; Vanadium Price At Historic Lows And Steel Industry Slow Down; Project Remains A Substantial Asset For The Company.

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ASX:SRN | FSE:GBL AGM PRESENTATION | 06
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Victory Bore Critical Minerals Project

Australia

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Mining & Beneficiation on Site (Australia) Shipping offshore for processing to various jurisdictions

Kingdom of Saudi Arabia (KSA)

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Up to 50% of KSA processing plant CAPEX available from Saudi Investment Development Fund

OMAN

Developing major hub for Greensteel production ASX:SRN | FSE:GBL AGM PRESENTATION

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AGM PRESENTATION | 07
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Victory Bore – Key Metrics

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PFS Results1	UNIT	AMOUNT
Pre-tax NPV at a 10% discount rate	AUD $M	1,708
Pre-tax Internal Rate of Return	%	42.22
Capital Cost	USD $M	498
Life of Mine	Years	24
Pre-tax payback	Years	2.4

Classification2	Cut-off (%) (V2O5)	Tonnes (Mt)	V2O5 (%)	TiO2 (%)	Fe (%)	Al2O3 (%)	SiO2 (%)
Measured Indicated Inferred	0.15	25.3	0.35	4.96	19.20	17.0	34.9
	0.15	113.2	0.32	4.70	18.19	17.4	35.9
	0.15	326.1	0.28	5.28	17.41	16.0	36.4
Total	0.15	464.6	0.30	5.12	17.70	16.4	36.2

1 ASX Announcement 5 December 2023

2 ASX Announcement 5 December 2023 ASX:SRN | FSE:GBL

AGM PRESENTATION | 08

Example of Operating Margin[1] US$ M

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Expected margin of Operation. Years 1 - 9 out 24-year mine life (from PFS)

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609
585
575 574
558 Gross Revenue
541 533
523 515
Cash Margin
380 369
312 20 16 20 16 346 20 15 367 20 16 20 16 361 20 15 342 20 15 351 370 20 16 Total Cost
20
14
178 168 152 167 162 148 155 171
134
Production Cost
25 25 25 25 25 25 25 25
25
60 57 53 57 56 51 53 58
47
30 35 35 35 35 35 35 35 35
41 46 48 47 47 48 48 48 46
Year 1 Year 2 Year 3 Year 4 Year 5 Year 6 Year 7 Year 8 Year 9
Mining Processing Australia Geraldton Haulage Shipment to Saudi Saudi Processing Cost Admin & Royalty and other Sustaining Capital Revenue Total Cost
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ASX:SRN | FSE:GBL

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1 Extracted from PFS Financial Analysis: See ASX Announcement 5 December 2023
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AGM PRESENTATION | 09
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Magnetite Concentrate – optimised[1]

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700kg Bulk Sample treated in 2025

Produced higher grades of all valuable elements

PRODUCT	Fe	V2O5	TiO2	SiO2	Al2O3	CaO	MgO	K2O	Na2O
Fraction	%	%	%	%	%	%	%	%	%
Magnetics Non-Magnetics	61.68	1.489	9.921	1.33	1.40	0.24	0.44	0.003	0.04
	22.45	0.176	18.525	24.30	12.25	5.15	5.21	0.071	1.02

ASX:SRN | FSE:GBL 1 ASX Announcement 19 February 2025

AGM PRESENTATION | 10

Vanadium Leach

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97% Vanadium Extraction Into Solution In 24 Hours[1]

Challenges In Producing Physical Product From Solution but further test work planned to solve this

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ASX:SRN | FSE:GBL AGM PRESENTATION | 11
1 ASX Announcements 24 January 2024, 8 February 2024
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Development

HEADS OF AGREEMENT WITH HMS BERGBAU | one of the leading independent commodity trading companies in Germany

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Agreement Encompasses: Offtake for all products Experienced Project Delivery HMS Have Office In Europe and Asia

HEADS OF AGREEMENT WITH DRA GLOBAL

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Agreement Encompasses: Feasibility Study In Saudi Arabia And Australia Dra Have Office In Riyadh And Experience In Process Plant Development In Saudi Arabia EPCM,NPI Project Delivery And Operational Readiness JOINT COOPERATION AGREEMENT WITH MID WEST PORTS Agreement Aims To Secure 1.25Mtpa Export Capacity Integral Part Of Logistics ASX:SRN | FSE:GBL AGM PRESENTATION | 12

Yidby Gold Project Highlights

Excellent location next to Great Northern Highway Greenstone belt poorly explored but surrounding areas contain Moz gold deposits Gold mineralization occurs under cover – missed by conventional methods and prospectors >12,000M RC drilling completed – nearly all holes intersect mineralization. Large tenure 133sqKm with 8 prospects and targets Good metallurgical test work shows high recovery of gold ASX:SRN | FSE:GBL AGM PRESENTATION | 10

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Yidby Gold Project New Target Generation

Re-Logging Core And Drill Chips, Re-Interpretation Ip Data, Structural Review

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ASX:SRN | FSE:GBL
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Further Drilling Completed

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AGM PRESENTATION | 14
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Yidby Gold Project Results

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Over 140 Rc Drill Holes And 5 Diamond Holes Drilled To Date[1]

Outstanding Drilling Results, Thick Intercepts And Good Grades Open In All Directions – Some Examples Below:

Hole	Interval(m)	Au(g/t)		From(m)	Hole	Interval(m)	Au(g/t)	From(m)		Hole	Interval(m)		Aug/t	From(m)	From(m)
YBRC005	25	1.42		36	YBRC024	19	1.38	14		YBRC077	13		2.46	118
YBRC006	38	1.43		32	YBRC026	19	1.21	159		incl	1		29.28	119
YBRC007	56	1.97		44	incl	12	1.95	166		YBRC101	4		1.15	72
incl	4	14.47		68	YBRC035	26	2.02	126		YBRC102	21		1.81	81
YBRC008	11	3.78		51	incl	14	3.01	133		YBRC103	12		0.61	32
incl	1	34.96		53	YBRC037	39	1.16	28		YBRC136	108		0.62	72
YBRC009	22	1.14		45	incl	7	2.07	31		incl	4		3.93	103
incl	1	13.47		51	YBRC037	10	2.48	57		YBRC137	12		1.01	164
YBRC010	9	1.59		71	incl	3	5.42	64		incl	4		2.83
YBRC013	19	1.28		84	YBRC037	8	1.23	116		YBRC140	32		1.09	148
incl	2	7.29		84	YBRC041	13	1.28	234		incl	4		2.83
YBRC016	9	1.44		20	YBRC045	52	1.40	32
incl	3	3.25		22	incl	1	39.10	78
YBRC017	13	2.17		113	YBRC053	4	10.00	72
YBRC019	44	2.77		149	YBRC059	60	1.04	32
incl	3 1	26.47 82.50		150 150	incl	4	10.04	62
**ASX:SRN	FSE:GBL**			1ASX Announcement 8 September 2025									AGM PRESENTATION			**

Yidby Gold Project Long-Section

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ASX:SRN | FSE:GBL

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AGM PRESENTATION | 16
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Yidby Gold Project Cross-Section

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ASX:SRN | FSE:GBL

AGM PRESENTATION | 17

Copper Hill Project

Native Copper And Sulphides In Historic Drilling

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Soil Geochemical 3Km X 2Km Of Anomalous Cu And Zn

Shallow Drilling To 50M Revealed Sulphide Blebs Of Vms Style[1]

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ASX:SRN | FSE:GBL ASX Announcement 26 February 2025
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AGM PRESENTATION | 18

Copper Hill Project

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• Em Survey[1]

• Conductor Identified In Vicinity Of Historic Drill Hole With Native Copper

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ASX:SRN | FSE:GBL 1 ASX Announcement 9 September 2025
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AGM PRESENTATION | 19
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Perenjori Iron Ore Project High Grade Magnetite

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Green Steel Project –15Km From Rail To Geraldton Up To 70% Fe Grade After Beneficiation

Environmental Assessment In Progress

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ASX:SRN | FSE:GBL

AGM PRESENTATION | 20

Kadji Gold Project High potential around the Magnetite

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Review of previous exploration shows historic compelling Gold results

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ASX:SRN | FSE:GBL
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Refer AsxRelease 3 October 2024
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AGM PRESENTATION | 21

Kadji Gold Project

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Extensive geochemical surveys, Rock chip and channel sampling limited RC Drilling

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Historic drill results [1]
Width
(m)
Hole ID From To g/t Au
PC01 18 20 2 2.15
PC05 40 41 1 11.6
PC16 8 36 28 0.72
Incl 32 36 4 1.24
ASX:SRN | FSE:GBL AGM PRESENTATION | 22
1 ASX Announcement 7 October 2025
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Investment Highlights

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Developing one of Australia largest Strong economics bring enormous upside vanadium and premium iron ore deposits potential with manageable downside risk Significant Gold and Copper assets Experienced management team ASX:SRN | FSE:GBL AGM PRESENTATION | 23

Next Steps in 2026

Victory Bore

• Progress JV Agreements

• Progress Funding

• Progress Offtake Agreements

• Complete Permitting And Other Studies

• Progress Vanadium Extraction Test Work

Yidby Gold and Copper

• Further geophysics and drilling

Perenjori and Kadji

• Progress Environmental Approval

• Follow up gold results

ASX:SRN | FSE:GBL

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AGM PRESENTATION | 24
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surefireresources.com.au

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ASX:SRN | FSE:GBL Annual General Meeting Presentation Vanadium, Titanium, Gold, Copper & Premium Iron Ore

Managing Director, Paul Burton | 26 November 2025