SUREFIRE RESOURCES NL - Interim / Quarterly Report 2022

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Quarterly Report

for the three months ended 31 March 2022

30 April 2022

ASX Announcement

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MARCH 2022 QUARTERLY ACTIVITIES REPORT

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Surefire Resources NL (“ Surefire ”, “the Company ”) is pleased to report on its exploration activities at the Company’s 100% owned properties for the Quarter ending 31 March 2022 ( Figure 1 ).

During the Quarter, progress was made on developing and expanding gold targets at the Yidby Gold Project, updating the economic assessment of the Victory Bore – Unaly Hill Vanadium Deposit, and defining an exploration target at the Perenjori Premium Iron Project.

YIDBY GOLD PROJECT

∑ Drilling at the Yidby Road Gold Project confirms wide gold intercepts:

YBRC024		56m	@	0.60	g/tAu	from	12m
	incl	16m	@	1.39	g/tAu	from	16m
YBRC041		13m	@	1.33	g/tAu	from	234m
	incl	2m	@	3.88	g/tAu	from	234m
YBRC045		52m	@	1.40	g/tAu	from	65m
	incl	19m	@	2.93	g/tAu	from	65m
	incl	1m	@	39.1	g/tAu	from	78m
YBRC046		19m	@	0.98	g/tAu	from	23m
	incl	1m	@	10.63	g/tAu	from	36m

∑ The new discovery YBRC024 drill hole is located 400m NW of the Yidby gold deposit
∑ Drilling of MMI gold targets intersects gold beneath barren overburden
∑ Gold mineralisation open to the north and southeast to be drilled in 2022
∑ Yidby Gold Deposit remains open to the north, north-west, and south-east

________________ AUSTRALIA U10, 100 Mill Point Road, South Perth WA 6151 | T +61 8 6331 6330 | F +61 8 9429 8800 ABN 48 083 274 024 | ASX SRN | E [email protected] www.surefireresources.com.au

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VICTORY BORE VANADIUM PROJECT

∑ Review and updating of economic assessment Study initiated – MinRizon engaged
∑ Programmed diamond drilling for metallurgical and geotechnical proceeding
∑ Activities to support Prefeasibility Study
∑ Victory Bore / Unaly Hill has Inferred Resource of vanadium of

237Mt @ 0.43% vanadium pentoxide (V2O5), 24.9% Fe, and 5.9% TiO2

∑ Additional vanadium exploration target identified at Victory Bore
150Mt - 200Mt @ 0.4% - 0.7% V2O5, 22% – 40% Fe, 6% - 8% TiO2
∑ Inferred resource represents in excess of 2.2 billion pounds of contained vanadium pentoxide

PERENJORI IRON ORE PROJECT

∑ Large Exploration Target Diamond Drilling RC Drilling defined at the Perenjori Iron Project:

870 to 1,240 Mt at a grade of 29% to 41% Fe[2 ]

∑ The Target is based on modelling of aeromagnetic data, geology and drilling
∑ The Exploration Target supports the existing Inferred Mineral Resource of:

192Mt @ 36.6% Fe[1 ]

∑ Talks with potential magnetite concentrate off-take partners have begun
∑ Access to third-party transport solutions is being considered
∑ Perenjori well placed to supply a carbon neutral steel industry

PERENJORI GOLD PROJECT

∑ Under-explored covered greenstone Sequence
∑ Historical work by Sons of Gwalia and BHP with BLEG up to 0.98 g/t Au
∑ Unexplored – soil covered - structural targets of significant strike length
∑ Large Tenement area – 160km[2]

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Figure 1 Surefire Resources NL project locations

YIDBY GOLD PROJECT (E59/2390, E59/2426, E59/2444)

Reported to the market on 19 January 2022 was the completion of twenty-two RC holes for 2,298m at the Yidby Gold Project. These holes were designed to:

follow up of discovery drilling at the Yidby Road gold deposit;
initial testing of a number of Mobile Metal Ions (MMI) gold anomalies; and
test gold mineralisation continuity of strike and depth extensions defined from previous drilling.

Significant gold intercepts are detailed in the following Table 1.

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Table 1 Significant Intersections and RC drilling collar locations

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Hole
From To Interval Au Hole Easting Northing Azimuth
Hole ID RL Dip depth
(m) (m) (m) (g/t) Type MGA MGA (mag)
(m)
YBRC 018 23 27 4 0.38 RC 525249 6751952 298.0 -60 270 99
YBRC 024 12 72 56 0.60 RC 525300 6751952 295.3 -60 270 99
including 16 32 16 1.39
YBRC 041 234 247 13 1.28 RC 525813 6751881 298.2 -60 270 257
YBRC 043 105 106 1 1.94 RC 525825 6751864 298.2 -60 270 274
YBRC 045 32 84 52 1.4 RC 525891 6751726 297.1 -60 270 100
including 49 55 6 1.76
including 65 84 19 2.93
including 78 79 1 39.1
YBRC 046 24 42 19 0.98 RC 525771 6751773 297.9 -60 270 90
including 36 37 1 10.63 -60
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Hole YBRC024 represents a completely new centre of gold mineralisation. It is significant as it confirms the bedding discordant, shear-host gold mineralisation predicted from the mineralisation model being applied to this project. Importantly, the gold mineralisation occurs in a thick zone. A shallow supergene zone sits on top of the interpreted gold lode.

Drilling of MMI gold anomalies

Mobile Metal Ion geochemistry survey was completed in the discovery area in early 2021 (ASX announcement, 22 February 2021).

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Figure 2 Drilling Cross Section 6751725mN. YBRC045 shows excellent continuity with previous intercepted gold grades.

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Seventeen RC holes for 1,271m were drilled to test a number of the detected MMI gold anomalies. Initial results show that the holes have successfully intersected shallow and wide down hole zones of gold mineralisation.

Drillhole YBRC033 has returned a shallow wide intercept of 15m @ 0.38g/t gold (Au) from 15m beneath an MMI anomaly ( Figure 4 ). The overburden is barren transported cover. This zone continues at least 220m to the northwest along a prominent shear where hole YBRC024 ( 56m @ 0.60g/t Au including 16m @ 1.39g/t Au ) shows it continues to be auriferous ( Figure 3 ).

This drilling confirms that the MMI method works in this area, further increasing the prospectivity of other, as yet untested MMI gold targets. In particular, MMI anomalies associated with the location of the interpreted antiformal axis and disruptive north-west trending shear zones have become high priority drill targets ( Figure 6 ).

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Figure 3 Yidby Gold Project: Preliminary cross-section of holes YBRC018, 024, and 027.

Drilling to further extend the Yidby Gold Deposit

An up to 4,000 metre of RC drilling campaign is scheduled to extend the Yidby Gold Deposit to the north and to the east-south-east. In the east-south-east, drilling will test the possible extension of gold mineralisation intersected in YBRC045, the most southeast drilled section.

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Figure 4 Testing MMI anomalies: Drilling Cross Section 6751740mN.

High resolution ground magnetic survey aids in developing gold model

During December 2021 Surefire completed a high-resolution ground magnetic survey over the discovery area. The survey, undertaken at a line spacing of 10m with a continuous recording magnetometer, was designed to assist in the interpretation of the gold intercepts obtained from recent and past RC drilling. Interpretation of the ground magnetic data ( Figure 5 ) , concludes that:

∑ gold is hosted in ultramafics and closely associated with the axial plane of a prominent northwest striking and plunging antiform suggesting that saddle reef style gold also exists on this prospect;
∑ major north-west and east-west trending shear zones dissect the host rocks; and
∑ secondary north-south and north-north-west trending faults may have acted to remobilise gold to form high grade gold accumulations.

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Figure 5 Yidby Gold Project: summary of drilling, MMI, and ground magnetics.

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Geological logging of RC chips from recent drilling has confirmed the setting as a saddle reef style with axial plane axis as stockwork veins that are both concordant and discordant to bedding within shears and faults, and breccia zones.

The host rocks are typically mafic-ultramafic lithologies with a large element of later-stage quartz veining induced by felsic quartz porphyry intrusives. Both long lived shears and later brittle faulting have introduced and remobilised gold into high grades.

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Figure 6 Interpretation of ground magnetic survey together with hole locations from recent drilling. Holes with no gold intercepts are awaiting assays.

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About Yidby

The Yidby Gold Project is well located close to the Great Northern Highway, 40km southwest of Paynes Find in the Mid-West of Western Australia, and in the southern portion of the YalgooSingleton Greenstone Belt, part of the mid to late-Archaean Youanmi Terrane.

The Project comprises three granted exploration licences with a total area of 114 km² and includes three prospects where significant gold mineralisation has been identified. They are associated with historical workings at Delaney Well and Cashens Find, and a Surefire’s new discovery at Yidby Road Gold Prospect.

The Project is surrounded by several significant gold deposits, including the +1.1 million-ounce Minjar Gold Project approximately 65km to the northwest, the 1 million-ounce Kirkalocka Gold Project approximately 70km to the northeast, the 2.1Moz Mount Gibson Gold Project 30km to the

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south (28 July 2021 ASX: CMM) and the 0.54Moz Rothsay Gold Project 30km to the west (Egan Street Resources Limited, 12 February 2019). The Yidby gold mineralisation is a blind discovery; the area is covered by up to 20 metres of barren transported overburden that overlies and masks the gold mineralisation. To date, in excess of 53 RC holes have been drilled for 5,000m.

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VICTORY BORE – UNALY HILL VANADIUM PROJECT (E57/1068, E57/1112, E57/1139, E57/1036)

The vanadium price has been experiencing a steady increase over the past 4 months , with increasing demand due to battery, chemical, and space and defence activity coupled with decreasing supply from traditional sources in China and Russia ( Figure 7 ).

Industry leader MinRizon Projects Pty Ltd has been engaged to undertake a review and update of the economic evaluation of the viability of a mining and beneficiation project based on the current Inferred Resource of 237Mt @ 0.43% vanadium pentoxide (V2O5), 24.9% Fe, and 5.9% TiO2 representing in excess of 2.26 billion pounds of contained vanadium pentoxide. The MinRizon team has specialist expertise in the beneficiation, agglomeration, reduction and pelletising of all types of ores.[1]

This study will build on the original 2012 study completed under Surefire’s predecessor Quest (ASX:QNL 7 October 2011 and 31 January 2012). That study indicated the project’s economic viability using industry-standard mining and beneficiation processes. It was based on metallurgical test work that indicated 89.2% of the vanadium can be recovered at a grind sizing of P80 of 75µm, a recovery that is significantly higher than the project’s peers.

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US$
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Figure 7 V2O5 Flake 98% Price per pound in US dollars (after vanadiumprice.com).

1 The company confirms in the subsequent public presentation that it is not aware of any new information or data that materially affects the information included in the relevant market announcement. In the case of estimates of Mineral Resources or Ore Reserves, the company confirms that 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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A drilling contractor has been secured to undertake a diamond drilling programme. This will provide core for geotechnical data for open pit design and optimisation, and provide material for additional metallurgical and geotechnical test work on the ores.

Surefire controls about 24 strike kilometres of the layered gabbro that hosts the vanadium resource. Only 25% of this strike has been drilled to date. Within the Victory Bore lease an Exploration Target of 150 - 200Mt @ 0.4 - 0.7% V2O5, 22 – 40% Fe, 6 - 8% TiO2 has been identified (ASX:SRN 29 April 2019).[2]

2 The potential quantity and grade of the Exploration target is conceptual in nature, there has been insufficient exploration to estimate a Mineral Resource over the entire area of the Exploration Target, and it is uncertain if further exploration will result in the estimation of an increased Mineral Resource.

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About Victory Bore – Unaly Hill Vanadium Project The Victory Bore - Unaly Hill Vanadium Project is located in the Mid-West of Western Australia approximately 48 km south of Sandstone in the East Murchison Mineral field and 500km north-east of Perth. The project’s four tenements, E57/1068, E57/1112, E57/1139, E57/1036 , are contiguous. The Mid-west gas pipeline runs from Geraldton to Windimurra terminating approximately 30km west of the Victory Bore / Unaly Hill Project. Inferred Resources (JORC(2012) in the combined project area are[1] :

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Tenement Million V2O5 V2O5 Fe TiO2 P SiO2
Tonnes (%) (tonnes) (%) (%) (%) (%)
Victory Bore 151 0.44 664,400 25.0 6.73 0.013 28.6
Unaly Hill 86.2 0.42 365,330 24.8 4.5 28.6
TOTAL 237 0.433 1,029,730 24.93 5.92 28.6
In addition, the following Exploration Target has been defined [2] :
Tenement Million Tonnes V2O5 (%) Fe (%) TiO2 (%)
Victory Bore 150 - 200 0.4 - 0.7 22 - 40 6 - 8
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The Inferred Mineral Resource was prepared by Gemcom (October 2011), an independent geological consultancy. Mr A. Bewsher of BM Geological Services PL was the Competent Person undertook an independent audit of the Mineral Resource.

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1SRN confirms that it is not aware of any new information or data that materially affects the information included previous market announcements and, in the case of Mineral Resources, which all material assumptions and technical parameters underpinning the estimates in the relevant announcements 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.

2The Exploration Target referred to in this announcement, being conceptual in nature, takes no account of geological complexity, possible mining method or metallurgical recovery factors. There is a low level of geological confidence associated with Inferred Mineral Resources and there is no certainty that further exploration work will result in the determination of Indicated Mineral Resources or Reserves.

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PERENJORI IRON ORE PROJECT (E70/5311)

Surefire announced on 3 February 2022 that an Exploration Target has been calculated for the Perenjori Iron Project ( Figure 9 ). The Exploration Target is 870 to 1,240 million tonnes (Mt) at a grade of 29% to 41% iron (Fe) and is exclusive of the existing Inferred Resource of 191.7Mt @ 36.6% Fe (JORC 2004). The Perenjori Iron Project is centred on a multi-bedded banded iron formation that has in excess of 47km of strike length on tenement 100% owned by the Company.

The potential quantity and grade of the Exploration target is conceptual in nature, there has been insufficient exploration to estimate a Mineral Resource over the entire area of the Exploration Target, and it is uncertain if further exploration will result in the estimation of an increased Mineral Resource.

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Figure 9 Perenjori Iron Project and existing infrastructure location Building on an existing Inferred Resource

The Exploration Target incorporates the currently defined Inferred Mineral Resource of 191.7Mt @ 36.6% Fe (JORC 2004) estimated by internationally recognised consultants CSA Global and announced by Quest Minerals Ltd (ASX:QNL). The information is extracted from the report entitled “Resource Uplift for Perenjori Iron Ore Project” created on 27 September 2013 and is available to view on the ASX website.

The company confirms that it is not aware of any new information or data that materially affects the information included in the original market announcement and, in the case of estimates of Mineral Resources that 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 been materially modified from the original market announcement.

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Basis of Exploration Target Estimation

The Perenjori Iron Project is covered by a high definition, helicopter-borne aeromagnetic survey ( Figure 10 )

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Figure 10 Image of Total Magnetic Intensity, Perenjori Iron Project.

This data is used to model the causative magnetic bodies that could give rise to the observed magnetic anomalies by dividing the earth into cubes, or voxels. The voxels are assigned magnetic susceptibilities in an iterative fashion until the theoretical magnetic anomalies match the observed ones.

Once a 3D map of susceptibilities is obtained, zones of susceptibilities that are over 0.1 SI are defined

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and the volume encompassed by that isosurface calculated.

The choice of the magnetic susceptibility isosurface was made on the basis of magnetic susceptibility logging. This data, as a function of assayed Fe% are shown in Figure 11. A value of 0.1 SI was chosen as the level at which oxidized bifs and fresh bifs are unambiguously separated.

This isosurface is cut off at a depth of 300m to restrict the model’s depth extent. A density of 3.2 t/m[3] was used to convert the model volume to a tonnage. This is considered conservative but in line with that used in the existing Inferred Resource estimation. Finally, “outliers” that are not likely to be mined, because of insufficient size, are deleted from the model. The final model, shown in Figure 12, is then referred back to both geological mapping and the aeromagnetic data to ensure it complies with both.

An alternative method to calculate the Exploration Target was also used: areas of bif, derived from geological mapping and aeromagnetic interpretation and controlled by the existing drill hole information, were extended to depth and a volume, and subsequently a tonnage, calculated. A depth of 300m was used, but with the top 25m deleted to allow for oxidized, non-magnetite bearing bif.

Both estimates were reconciled against the existing Inferred Resource areas to ensure the predicted tonnages were in agreement with the drill-defined tonnage estimate. Discounts were then applied to the Exploration Target estimate to bring it into line with the existing Inferred Resource. The reconciliation between the existing resource and the Exploration Target estimates derived from two estimation methods shows the target to be fair and reasonable.

Perenjori – a potentially huge untapped magnetite resource

The Perenjori Iron Project consists of multiple units of bif that have been repeated by faulting. The project area contains approximately 47km strike length of bif that ranges up to 80m in thickness. Only approximately 25% of the potential strike length is included in the current Inferred Resource, and then only one bed of this multibedded banded iron formation.

A large Exploration Target In an infrastructure rich area

Perenjori is exceptionally well positioned. It is located within approximately 15km of both the Morawa-Peronjori trunk rail line and the Karara rail spur. The rail distance to Geraldton port is approximately 219km. Both trucking to these existing rail lines or building a spur line to the deposit are considered in the recently announced Scoping Study (ASX: SRN, 22 June 2021).

The Three Springs – Golden Grove electricity transmission line is within 8km of the deposit and numerous towns occur in the district that may supply the workforce and infrastructure for project development.

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Figure 11 Fe% vs magnetic susceptibility scattergram for the Perenjori Iron Project. The population circled in blue represents fresh, magnetic bif, i.e., high iron content and high magnetic susceptibility. The population circled in green represents partially or fully oxidized bif, i.e., high to low iron content but low magnetic susceptibility. A susceptibility of 100,000x10[-5] SI (0.1 SI) is chosen as the cut-off between the two.

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Figure 12 Voxel model of the Perenjori banded iron formation. The isosurface reflects the 0.1SI magnetic susceptibility

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A high quality concentrate

Grind tests, Davis tube assays, and metallurgical tests indicate a concentrate of 63% to 70% Fe can be obtained with grind sizes of 35 to 106µm (80% passing size). Silica content of 1.8 to 5% can be achieved in the 45 to 75µm range. Sulphur, alumina, and phosphorous are not an issue at any grind size (ASX: SRN, 22 June 2021).

Mass recovery is expected to be in the range 31% to 45%.

Surefire announced on 9 February 2022 that talks with potential magnetite concentrate off-take partners had begun. Parallel with these, discussion have been initiated on a third-party transport solution which promises to deliver a low OPEX, zero CAPEX option for product transport to the coast for shipment.

The metrics around this transport opportunity will be worked into the scoping study previously announced 22 June 2021.

PERENJORI WEST GOLD PROJECT (E70/5572)

This tenement covers 160km[2] of ground that has been under-explored and ignored since CRA, BHP and Sons of Gwalia undertook gold exploration in the mid 1980s to early 1990s.

The property holds north-west trending greenstones under cover. Work by BHP found up to 1g/t anomalous gold in BLEG soil samples. A review of previous exploration data has highlighted soil sampling geochemistry that has been interpreted to highlight key trends in both gold and arsenic data ( Figure 13 ).

The better gold values recovered from historical sampling on the tenement occur on the lithological boundary between basaltic and felsic volcanic and/or a major north-west trending fault/shear structure transecting the tenement. The area of interest is interpreted to have a strike of over 4km and is associated with a moderate north-west trending magnetic anomaly.

Surefire intends to undertake additional work on the magnetic data, and possibly collect new highdefinition data, to better define drilling targets.

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Figure 13 Perenjori West interpreted bedrock geology (After GSWA 1:500,000 interpreted bedrock geology) and BLEG gold geochemistry highlights.

About Perenjori Projects

The Perenjori Gold, Base Metals and Iron Ore Project includes four granted Exploration Licences (E70/5311, E70/5573, E70/5575, E59/2445, E59/2446 and E70/5572), over a combined area of 642km², located in Midwest Region of WA.

The tenements are located over the Koolanooka Greenstone Belt, within a typical granitegreenstone terrain of the southern Murchison Geological Province of the Archaean Yilgarn Craton. The area is an under-explored and highly prospective, with numerous gold, base metals and ironore deposits in the region, including the Deflector Gold Mine 30km to the north, the Karara Iron Ore deposit 30km to the east and the Golden Grove base metals deposits 50km to the northeast.

Surefire is pursuing two commodities on this package of tenements:

Iron : the Perenjori Premium Iron Project is centred on a magnetite rich banded iron formation (bif). The prospect has in excess of 120 drill holes along the two limbs of a fold structure. Data from the eastern limb has been the basis of a Mineral Resource Estimate at a JORC(2004) Inferred Resource classification: 191.7Mt @ 36.6% Fe[2] . This represents the highest iron grade bif in the Mid West of WA.

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Gold : E70/5572 contains a previously unrecognised portion of the Koolanooka Greenstone Belt. Lying within typical granite-greenstone terrains of the southern Murchison Geological Province of the Archaean Yilgarn Craton, the greenstones consist of metamorphosed and deformed volcanic basalts (mafic schist), felsic volcanics. Additional and related volcanogenic sedimentary rocks (quartz-feldspar-muscovite schist), anticlinal dolerite sill add to the local structural complexity.

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CORPORATE ACTIVITIES

Exercise of Options

A total of 23,807,500 options were exercised during the quarter resulting in the receipt of $142,845 and the issue of 23,807,500 fully paid ASX:SRN shares.

ASX Additional Information – Guidance Note 23 Disclosures

Surefire provides the following information pursuant to ASX Listing Rule requirements:

ASX Listing Rule 5.3.1 - Exploration and Evaluation Expenditure during the quarter was $134k. Full details of exploration activities during the quarter are set out in this report;
ASX Listing Rule 5.3.2 - There was no substantive mining production and development activities during the quarter;
ASX Listing Rule 5.3.3 – Details of mining tenements acquired or disposed of during the quarter, and held at the end of the quarter are set out in this report; and
ASX Listing Rule 5.3.5 - Payments to related parties of the Company and their associates during the quarter: $102K. The Company advises that this relates to remuneration of Directors for managing director consultancy and directorial services, all paid to director related entities.

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ASX RELEASE AUTHORISED BY :

Vladimir Nikolaenko Managing Director

QUALIFYING STATEMENTS

Competent Person Statement:

The information in this report that relates to Mineral Resource is based on information compiled by Mr Marcus Flis who is a Fellow of the Australian Institute of Geoscientists. Mr Flis is an independent Principal Consultant at Rountree Pty Ltd. Mr Flis has sufficient experience that is relevant to the style of mineralisation, type of deposit under consideration and to the activity that they are undertaking to qualify as a Competent Person as defined in the 2012 edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’ and consents to the inclusion in this report of the matters based on their information in the form and context in which they appear.

Forward Looking Statements:

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 forward-looking 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.

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APPENDIX 1 TENEMENT HOLDINGS AT 31 MARCH 2022

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Project Lease Name Locality Lease Status
Yidby Gold Project E59/2426 Nynghan WA Granted
Yidby Gold Project E59/2390 Yalgoo WA Granted
Yidby Gold Project E59/2444 Yidby Hill WA Granted
NORTH PERENJORI
Perenjori E70/5575 Kadji WA Granted
Perenjori E59/2446 Perenjori 2 WA Granted
Perenjori E70/5573 Pinjarrah Hill WA Granted
SOUTH PERENJORI
Perenjori E70/5311 Southwest WA Granted
Perenjori E59/2445 Perenjori 1 WA Granted
Perenjori E70/5572 Fitzroy WA Granted
Unaly Hill E57/1068 Unaly Hill WA Granted
Unaly Hill E57/1112 Unaly Hill 2 WA Granted
Victory Bore E57/1139 Victory Bore WA Granted
Victory Bore E57/1036 Atley WA Granted
Kooline E08/2373 Kooline-Wyloo WA Granted
Kooline E08/2956 Kooline WA Granted
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AI assistant

SUREFIRE RESOURCES NL Interim / Quarterly Report 2022

65857_rns_2022-05-01_0c23bd40-b048-4490-9b0b-d87481ebd7f4.pdf

Quarterly Report

MARCH 2022 QUARTERLY ACTIVITIES REPORT

________________

YIDBY GOLD PROJECT

VICTORY BORE VANADIUM PROJECT

PERENJORI IRON ORE PROJECT

PERENJORI GOLD PROJECT

YIDBY GOLD PROJECT (E59/2390, E59/2426, E59/2444)

Drilling of MMI gold anomalies

Drilling to further extend the Yidby Gold Deposit

High resolution ground magnetic survey aids in developing gold model

About Yidby

VICTORY BORE – UNALY HILL VANADIUM PROJECT (E57/1068, E57/1112, E57/1139, E57/1036)

PERENJORI IRON ORE PROJECT (E70/5311)

Basis of Exploration Target Estimation

Perenjori – a potentially huge untapped magnetite resource

A large Exploration Target In an infrastructure rich area

A high quality concentrate

PERENJORI WEST GOLD PROJECT (E70/5572)

About Perenjori Projects

CORPORATE ACTIVITIES

Exercise of Options

ASX Additional Information – Guidance Note 23 Disclosures

ASX RELEASE AUTHORISED BY :

Vladimir Nikolaenko Managing Director

QUALIFYING STATEMENTS

Competent Person Statement:

Forward Looking Statements:

APPENDIX 1

TENEMENT HOLDINGS AT 31 MARCH 2022

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AI assistant

SUREFIRE RESOURCES NL — Interim / Quarterly Report 2022

65857_rns_2022-05-01_0c23bd40-b048-4490-9b0b-d87481ebd7f4.pdf

Quarterly Report

MARCH 2022 QUARTERLY ACTIVITIES REPORT

________________

YIDBY GOLD PROJECT

VICTORY BORE VANADIUM PROJECT

PERENJORI IRON ORE PROJECT

PERENJORI GOLD PROJECT

YIDBY GOLD PROJECT (E59/2390, E59/2426, E59/2444)

Drilling of MMI gold anomalies

Drilling to further extend the Yidby Gold Deposit

High resolution ground magnetic survey aids in developing gold model

About Yidby

VICTORY BORE – UNALY HILL VANADIUM PROJECT (E57/1068, E57/1112, E57/1139, E57/1036)

PERENJORI IRON ORE PROJECT (E70/5311)

Basis of Exploration Target Estimation

Perenjori – a potentially huge untapped magnetite resource

A large Exploration Target In an infrastructure rich area

A high quality concentrate

PERENJORI WEST GOLD PROJECT (E70/5572)

About Perenjori Projects

CORPORATE ACTIVITIES

Exercise of Options

ASX Additional Information – Guidance Note 23 Disclosures

ASX RELEASE AUTHORISED BY :

Vladimir Nikolaenko Managing Director

QUALIFYING STATEMENTS

Competent Person Statement:

Forward Looking Statements:

APPENDIX 1

TENEMENT HOLDINGS AT 31 MARCH 2022

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SUREFIRE RESOURCES NL Interim / Quarterly Report 2022

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