SUREFIRE RESOURCES NL — Interim / Quarterly Report 2014

Apr 29, 2014

QUARTERLY ACTIVITIES REPORT MARCH 2014

New project review and Evaluation

During the quarter Black Ridge Mining NL (ASX: BRD or "the Company") continued to assess and evaluate various projects located in Australia. Data was acquired for a number of projects and reviewed, various options are being considered.

Unaly Hill (E57/420), Western Australia – Vanadium, Magnetite, Gold

During the quarter the company has continued to investigate opportunities to maximise on its return given the Unaly Hill project already hosts substantial tonnages of Vanadium, Magnetite and Titanium.

Vanadium is a "miracle metal" which is used in metal alloys with iron to produce high strength steel which has a wide range of uses including structural application such as gas and oil pipelines, tool steel, the manufacture of axles and crankshafts for the motor vehicle industry and in jet engines for aircraft industry as well as for the reinforcing bars in building and construction.

Non steel uses include welding and in alloys used in nuclear engineering and superconductors

Vanadium chemicals and catalysts are used in the manufacture of sulphuric acid, the desulphurisation sour gas and oil and in the development of fuel cells and low charge time, light weight batteries.

The company presently has access to loan funding of up to $500,000 on which it has not drawn and a further $100,000 facility that is being drawn on to meet required expenditure for the short term. The company is continuing discussions with a stock broking firm

Vladimir Nikolaenko Director

Black Ridge Mining NL

ASX Code: BRD ACN: 083 274 024

www.blackridgemining.com

Capital Structure

754,560,658 ordinary shares

Cash at Bank $2,039

Board Members

Peter Elliott Non-Executive Chairman

Thomas Gilfillan Non-Executive Director

Vladimir Nikolaenko Non-Executive Director

Graeme Smith Company Secretary

Appendix 5B

Rule 5.3

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

ABN Quarter ended ("current quarter")

Current quarter $A'000

48 083 274 024 31 March 2014

Year to date (9 months)

Consolidated statement of cash flows

Cash flows related to operating activities

			$A'000
1.1	Receipts from product sales and related debtors
1.2	Payments for(a) exploration & evaluation	(5)	(52)
	(b) development	-	-
	(c) production		-
	(d) administration	(5)	(22)
1.3	Dividends received	-	-
1.4	Interest and other items of a similar naturereceived	-	-
1.5	Interest and other costs of finance paid	-	-
1.6	Income taxes paid	-	-
1.7	Other (provide details if material)	(6)	-
	Net Operating Cash Flows	(16)	(74)
	Cash flows related to investing activities
1.8	Payment for purchases of:(a) prospects	-	-
	(b) equity investments	-	-
	(c) other fixed assets	-	-
1.9	Proceeds from sale of:(a) prospects	-	-
	(b) equity investments	-	-
	(c) other fixed assets	-	-
1.10	Loans to other entities	-	-
1.11	Loans repaid by other entities	-	-
1.12	Other (provide details if material)	-	-
	Net investing cash flows	-	-
1.13	Total operating and investing cash flows
	(carried forward)	(16)	(74)

• See chapter 19 for defined terms.

1.13	Total operating and investing cash flows
	(brought forward)	(16)	(74)
	Cash flows related to financing activities
1.14	Proceeds from issues of shares, options, etc.	-	-
1.15	Proceeds from sale of forfeited shares	-	-
1.16	Proceeds from borrowings	16	44
1.17	Repayment of borrowings	-	-
1.18	Dividends paid	-	-
1.19	Other (Placement fees)	-	-
	Net financing cash flows	16	44
	Net increase (decrease) in cash held	-	(30)
1.20	Cash at beginning of quarter/year to date	-	32
1.21	Exchange rate adjustments to item 1.20	-	-
1.22	Cash at end of quarter	2	2

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	-
1.24	Aggregate amount of loans to the parties included in item 1.10	-

1.25 Explanation necessary for an understanding of the transactions

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	100	44
3.2	Credit standby arrangements	-	-

Estimated cash outflows for next quarter

	Total	52
4.4	Administration	12
4.3	Production	-
4.2	Development	-
4.1	Exploration and evaluation	40
		$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	1	1
5.2	Deposits at call	1	1
5.3	Bank overdraft	-	-
5.4	Other (provide details)	-	-
	Total: cash at end of quarter (item 1.22)	2	2

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 persecurity (see note	Amount paid up persecurity (see note 3)
7.1	+securitiesPreference(description)			3) (cents)	(cents)
7.2	Changes during quarter(a) Increases throughissues(b) Decreases throughreturns of capital, buybacks, redemptions
7.3	+Ordinary securities	754,560,658	754,560,658
7.4	Changes during quarter(a) Increases throughissues(b) Decreases throughreturns of capital, buybacks
7.5	+Convertible debtsecurities (description)
7.6	Changes during quarter(a) Increases throughissues(b) Decreases throughsecurities matured,converted
7.7	Options (description andconversion factor)
7.87.9	Issued during quarterExercised during quarter
7.10	Expired during quarter			Exercise price	Expiry date
7.11	Debentures(totals only)
7.12	Unsecured notes (totalsonly)

+ 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: 30 April 2014 Company Secretary

Print name: Graeme Smith

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.

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+ See chapter 19 for defined terms.