SUREFIRE RESOURCES NL — Interim / Quarterly Report 2013

Jul 31, 2013

31 JULY 2013

BLACK RIDGE MINING NL

QUARTERLY ACTIVITIES REPORT – JUNE 2013

Unaly Hill (E57/420), Western Australia

Black Ridge Mining NL (ASX:BRD or "the Company") continues to assess the various ways it is able to develop and obtain maximum returns on its 100% interest in the tenement.

Gold Prospectivity at Unaly Hill

The Company is assessing a report received during the quarter from a geological consultant commissioned to compile historical drill records and to conduct a review of the potential for mineralised gold bearing veins and shear zones at the project hosting economic gold.

The Unaly Hill Project covers over 13 strike kilometres of the prospective and regional scale Youanmi Fault. This large NNE trending listric structure hosts the +1Moz gold deposit at Youanmi to the south and is related to gold mineralization further NE at Sandstone Mining Center which includes the +1Moz Bulchina Gold Deposit within the +2Moz cluster of deposits at Sandstone.

Vanadium and Magnetite at Unaly Hill

The Company announced its maiden Vanadium–Magnetite inferred mineral resource (see BRD ASX announcement 21 November 2011) noting that the deposit consists of two separate high grade zones which remain open both along strike and at depth.

The Company is investigating opportunities to maximise its return given the project already hosts substantial tonnages. As with all such projects, economic viability is aligned to the movements in the relevant commodity prices, which are currently in a depressed state. The continued review of the project includes examination of processing options and associated metallurgical analysis and seeking potential partners to joint venture to further develop the project.

Mutnovskaya Gold -Silver Project, Far Eastern Russia

The Company has previously announced it had secured the rights to and had commenced due diligence studies into the Mutnovskaya epithermal gold-silver project in southern Kamchatka (see ASX announcement 18 Dec 2012). The prospective features of the project include excellent infrastructure with access to the port city of Petropavlovsk-Kamchatsky, just 90km away by allweather road, and 2km from an underutilised geothermal power station.

The geology of Kamchatka is dominated by subduction zone related volcanism with the peninsula being formed by a number of superimposed volcanic arcs, some of which are still active. The active geological environment is highly conducive to the formation of large epithermal mineralized systems which are known to host hydrothermal Au-Ag deposits.

The Company is still awaiting approval of an Extension of Term application on the 17km² concession to extend the life of the tenure by up to a further 15 years.

Technical Appraisal of Northern Malaysia Iron Project

During the previous quarter, the Company provided information on a prospective iron ore opportunity in northern Malaysia close to the Thailand border. Further consideration of the project identified significant additional work was required, and that additional concessions would need to be obtained in the area, in order to reasonably justify further expenditure for assessment of the potential project. The Company has not further pursued the project at this time.

Corporate

During the quarter, Mr Ed Gilfillan was appointed Director as a result of Mr Alan Winduss resigning as Chairman and Director, and Mr Robert Molkenthin resigning as Director of the Company. Subsequently, Mr Stuart Third was appointed Director to fill the remaining vacancy whilst a suitably qualified person was sought by the Company. Mr Malcolm Carson has since been appointed as a Director and Mr Stuart Third resigned from that position.

The Company presently has access to loan funding of up to $500,000 on which it has not drawn. In addition to this, the Company is also in initial discussions with a stock broking firm reviewing the Company's potential for, and likely form of, capital raising during the remainder of the year.

The Company continues to assess numerous new project opportunities seeking high quality exploration assets.

STUART THIRD Company Secretary

QUALIFYING STATEMENTS

JORC compliance

The information in this report that relates to the drilling data and geological interpretations is based on information compiled by Mr V Trashliev who is a member of the South African Council for Natural Scientific Professions ("SACNASP"). Mr Trashliev is responsible for the Mineral Resource modelling and reporting and is an employee of Gemcom Pty Ltd. He has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity that they are undertaking to qualify as a Competent Persons as defined in the 2004 Edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves" and consents to the inclusion in the report of the matters based on information in the form and context in which it appears.

Disclaimer

The initial documents and geological records relating to the Mutnovskaya Project were originally recorded in the Russian language, written in the Cyrillic alphabet and translated to English by Mr Vladislav Trashliev who is a member of the South African Council for Natural Scientific Professions ("SACNASP"). Mr Vladislav Trashliev is an employee of Gemcom Pty Ltd. He has sufficient experience that is relevant to the project under consideration and to the activity that he is undertaking to qualify as a Competent Person as defined in the 2004 Edition of the "Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves". Vladislav Trashliev has consented to the inclusion of this information in the form and context in which it appears.

The reports from the Russian authorities were prepared by informed individuals, who may or may not be considered qualified persons under the definition of JORC.

Rule 5.3

Appendix 5B

Mining exploration entity quarterly report

Introduced 01/07/96 Origin Appendix 8 Amended 01/07/97, 01/07/98, 30/09/01, 01/06/10, 17/12/10

Name of entity

BLACK RIDGE MINING NL

48 083 274 024 30 JUNE 2013

ABN Quarter ended ("current quarter")

Consolidated statement of cash flows

	Cash flows related to operating activities	Current quarter$A'000	Year to date(12 months)$A'000
1.1	Receipts from product sales and related debtors	44	44
1.2	Payments for(a) exploration & evaluation(b) development	(20)-	(146)-
	(c) production	-	-
	(d) administration	(50)	(493)
1.3	Dividends received	-	-
1.4	Interest and other items of a similar naturereceived	-	6
1.5	Interest and other costs of finance paid	-	-
1.6	Income taxes paid	-	-
1.7	Other (provide details if material)	18	89
	Net Operating Cash Flows	(8)	(500)
	Cash flows related to investing activities
1.8	Payment for purchases of:(a) prospects	-	-
	(b) equity investments	-	(50)
	(c) other fixed assets	-	-
1.9	Proceeds from sale of:(a) prospects	-	-
	(b) equity investments	-	-
	(c) other fixed assets	-	-
1.101.11	Loans to other entitiesLoans repaid by other entities	--	--
1.12	Other (provide details if material)	-	-
	Net investing cash flows	-	(50)
1.13	Total operating and investing cash flows(carried forward)	(8)	(550)

• See chapter 19 for defined terms.

Appendix 5B Mining exploration entity quarterly report

1.13	Total operating and investing cash flows
	(brought forward)	(8)	(550)
	Cash flows related to financing activities
1.14	Proceeds from issues of shares, options, etc.	-	1
1.15	Proceeds from sale of forfeited shares	-	-
1.16	Proceeds from borrowings	-	192
1.17	Repayment of borrowings	(192)	(192)
1.18	Dividends paid	-	-
1.19	Other (Placement fees)	-	-
	Net financing cash flows	(192)	1
	Net increase (decrease) in cash held	(200)	(549)
1.20	Cash at beginning of quarter/year to date	232	581
1.21	Exchange rate adjustments to item 1.20	-	-
1.22	Cash at end of quarter	32	32

Payments to directors of the entity and associates of the directors Payments to related entities of the entity and associates of the related entities

		Current quarter$A'000
1.23	Aggregate amount of payments to the parties included in item 1.2	41
1.24	Aggregate amount of loans to the parties included in item 1.10	-

1.25 Explanation necessary for an understanding of the transactions Directors and Consulting Fees

Non-cash financing and investing activities

2.1 Details of financing and investing transactions which have had a material effect on consolidated assets and liabilities but did not involve cash flows

2.2 Details of outlays made by other entities to establish or increase their share in projects in which the reporting entity has an interest

+ See chapter 19 for defined terms.

Financing facilities available

Add notes as necessary for an understanding of the position.

		Amount available$A'000	Amount used$A'000
3.1	Loan facilities	500	-
3.2	Credit standby arrangements	-	-

Estimated cash outflows for next quarter

	Total	185
4.4	Administration	105
4.3	Production	-
4.2	Development	-
4.1	Exploration and evaluation	80
		$A'000

Reconciliation of cash

Reconciliation of cash at the end of the quarter (asshown in the consolidated statement of cash flows) tothe related items in the accounts is as follows.		Current quarter$A'000	Previous quarter$A'000
5.1	Cash on hand and at bank	16	7
5.2	Deposits at call	16	225
5.3	Bank overdraft	-	-
5.4	Other (provide details)	-	-
	Total: cash at end of quarter (item 1.22)	32	232

Changes in interests in mining tenements

		Tenementreference	Nature of interest(note (2))	Interest atbeginningof quarter	Interest atend ofquarter
6.1	Interests in miningtenements relinquished,reduced or lapsed	N/A
6.2	Interests in miningtenements acquired orincreased	N/A

+ See chapter 19 for defined terms.

Issued and quoted securities at end of current quarter

Description includes rate of interest and any redemption or conversion rights together with prices and dates.

		Total number	Number quoted	Issue price per	Amount paid up per
				security (see note	security (see note 3)
				3) (cents)	(cents)
7.1	Preference
	+securities
	(description)
7.2	Changes during
	quarter
	(a) Increases
	through issues
	(b) Decreases
	through returns
	of capital, buy
	backs,
	redemptions
7.3	+Ordinary	754,560,658	754,560,658
	securities
7.4	Changes during
	quarter
	(a) Increases
	through issues
	(b) Decreases
	through returns
	of capital, buy
	backs
7.5	+Convertible
	debt securities
	(description)
7.6	Changes during
	quarter
	(a) Increases
	through issues
	(b) Decreasesthrough
	securities
	matured,
	converted
7.7	Options
	(description and
	conversion
	factor)
7.8	Issued during
	quarter
7.9	Exercised during
	quarter
7.10	Expired during			Exercise price	Expiry date
	quarter
7.11	Debentures
	(totals only)
7.12	Unsecured
	notes (totals
	only)

+ See chapter 19 for defined terms.

Compliance statement

• 1 This statement has been prepared under accounting policies which comply with accounting standards as defined in the Corporations Act or other standards acceptable to ASX (see note 5).
• 2 This statement does give a true and fair view of the matters disclosed.

Sign here: ............................................................ Date: 31 July 2013 Company Secretary

Print name: STUART THIRD

Notes

• 1 The quarterly report provides a basis for informing the market how the entity's activities have been financed for the past quarter and the effect on its cash position. An entity wanting to disclose additional information is encouraged to do so, in a note or notes attached to this report.
• 2 The "Nature of interest" (items 6.1 and 6.2) includes options in respect of interests in mining tenements acquired, exercised or lapsed during the reporting period. If the entity is involved in a joint venture agreement and there are conditions precedent which will change its percentage interest in a mining tenement, it should disclose the change of percentage interest and conditions precedent in the list required for items 6.1 and 6.2.
• 3 Issued and quoted securities The issue price and amount paid up is not required in items 7.1 and 7.3 for fully paid securities*.*
• 4 The definitions in, and provisions of, AASB 6: Exploration for and Evaluation of Mineral Resources and AASB 107: Statement of Cash Flows apply to this report.
• 5 Accounting Standards ASX will accept, for example, the use of International Financial Reporting Standards for foreign entities. If the standards used do not address a topic, the Australian standard on that topic (if any) must be complied with.

== == == == ==

• See chapter 19 for defined terms.