SUREFIRE RESOURCES NL — Investor Presentation 2023

Sep 18, 2023

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19 September 2023
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MANAGING DIRECTOR PRESENTATION

121 Mining Investment Conference, Singapore.

Australian mineral exploration company Surefire Resources NL (ASX: SRN) (“ SRN ” or the “ Company ”) is pleased to advise that it has released a presentation by its Managing Director, Paul Burton, at the 121 Mining Investment Conference 19 - 20 September 2023, Singapore.

Title: Corporate Presentation “The Victory Bore Vanadium Project”

The presentation will also be available on the SRN website.

Mr Paul Burton and the Chairman of SRN, Mr Vladimir Nikolaenko, will be conducting meetings with various investors, commodity groups, banks and institutions at the conference together with pre-arranged meetings outside of the 121 venue.

Authorised by:

Paul Burton, Managing Director

Inquiries: Paul Burton +61 8 6331 6330.

About Surefire Resources:

Surefire Resources is an Australian mineral exploration company based in Perth, Western Australia (WA). The company holds mineral exploration licences over Vanadium, Magnetite and Gold projects located in WA. Its focus is on adding value to shareholders by advancing its Victory Bore vanadium critical and battery minerals project, located close to existing infrastructure and currently in PreFeasibility stage. In addition, its large magnetite project with up to 1B tonnes of high grade Iron and its Gold project have potential to add considerable value to the company.

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• THE VICTORY BORE

• VANADIUM PROJECT

W W W . S U R E F I R E R E S O U R C E S . C O M . A U

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DEVELOPING ONE OF AUSTRALIA’S LARGEST CRITICAL MINERAL DEPOSITS

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S U R E F I R E R E S O U R C E S

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MINERAL DEPOSITS CONTAINS OVER

3 BILLION POUNDS OF CONTAINED VANADIUM AND

2 MILLION TONNES HPA ALUMINIUM OXIDE

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INTRODUCTION THE VANADIUM MARKET THE OFFSHORE PROCESSING OPTION 4 A G E N D A WHY SAUDI ARABIA DEVELOPMENT APPROACH CONCLUSION

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EXPERIENCED BOARD & MANAGEMENT	EXPERIENCED BOARD & MANAGEMENT	EXPERIENCED BOARD & MANAGEMENT	EXPERIENCED BOARD & MANAGEMENT
Paul Burton	Vladimir (Roger) Nikolaenko	Michael Povey	Roge
MANAGING DIRECTOR	EXECUTIVE CHAIRMAN	NON-EXECUTIVE DIRECTOR	NON
Mr Burton is a corporate	Mr Nikolaenko has over 40 years	Mr Povey is a mining engineer	Mr S
resource executive and geologist	of commercial experience in the	with over 40 years of worldwide	Direc
and mineral economist with over	resources industry exploration,	experience in the resource	nume
30 years of industry experience,	project evaluation, development	sector. This experience has	comp
exploration, feasibility studies and	and operations, predominantly	encompassed a wide range	Non-
business development. Paul has	focused in the base metals,	of commodities in senior	Non-
a B.Sc in Geology from Plymouth,	gold and diamond sectors.	management positions. He has	as ha
UK, a M.Sc from McGill University,	He has a depth of management	a depth of experience in general	comp
Canada, and a Graduate of the	and corporate expertise in	and mine management, mine	has a
Australian Institute of Directors.	the operation of public	production, project evaluation,	oper
	companies in resources	mine feasibility studies and	devel
	and a variety of sectors.	commercial contract negotiations.

Roger Smith

NON-EXECUTIVE DIRECTOR Mr Smith is an experienced Director and has served on numerous boards of listed companies as both a Non-Executive Chairman and Non-Executive Director as well as having held several proprietary company directorships. Mr Smith has a successful career in the operation of businesses, property development and other sectors.

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CORPORATE SUMMARY

CAPITAL STRUCTURE
Fully paid ordinary shares	1,651,363,477
Unlisted partly paid shares(Subject to Calls $0.027)	188,785,323
Unlisted partly paid shares(Subject to Calls $0.0059) Share price Market Capitalisation Board and Management Cash as at end June	70,000,000 $0.016 $26.5M 17% $1.5M

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• SUREFIRE RESOURCES SUMMARY

SUREFIRE HAS 3 HIGH VALUE SIGNIFICANT PROJECTS WITH COMMODITIES IN DEMAND AND IN FOCUS

VICTORY BORE VANADIUM PROJECT

321Mt[1] @ +0.4% V2O5 (concentrate grade of 1.43% V2O5) 37Mt @ 23% AI O 2 3

YIDBY GOLD PROJECT

New Gold discovery in Gold District 400km from Perth Bonanza grades up to 39 gpt at shallow depth over 3km gold strike[2]

PERENJORI HIGH PURITY MAGNETITE PROJECT 191Mt @ 37% Fe O 3 3 4 After grinding premium 69% Fe3O4 Exploration Target 870Mt to 1,240Mt@ 22% to 42% Fe3O4 4

1. Complies with JORC(2012), ASX release 1 February 2023 2. ASX announcement 14 November 2023

2. Complies with JORC (2004), ASX release 26 February 2021 4. ASX release 3 February 2022

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HIGH
GRADE
VICTORY BORE
VANADIUM
MAIN RESOURCE COMPRISES
TWO THICK LODES OF
VANADIFEROUS MAGNETITE
~50M WIDTH, OPEN AT DEPTH
> 160M AND STRIKE OF >10KM
HIGH
Secondary resource comprises one
GRADE
ALUMINIUM
thick lode of high grade aluminium
OXIDE
oxide, 50m wide, open at depth.
Testwork has shown this Al2O3 product
can be a high grade feedstock for HPA
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MINERAL RESOURCES	MINERAL RESOURCES
VANADIUM	TONNES AND GRADE
Measured	16.8 Mt @ 0.42% V2O5
Indicated	70.3 Mt @ 0.40% V2O5
Inferred	147.7 Mt @ 0.38% V2O5
Unaly Hill Inferred	86.2 Mt @ 0.42% V2O5
Project Total2	321.0 Mt @ 0.39% V2O5
Exploration Target	682 Mt @ 0.20% V2O5to 1,190 Mt @ 0.43% V2O5
Project Total3	1,003 Mt @ 0.20% to 0.39% V2O5 to1,511 Mt @ 0.39% to 0.43% V2O5
ALUMINIUM OXIDE	TONNES
Measured	5.2 Mt @ 23.1% Al2O3
Indicated	11.8 Mt @ 23.1% Al2O3
Inferred	20.7 Mt @ 23.5% Al2O3
Total	37.7 Mt @ 23.3% Al2O3

1. Complies with JORC(2012), ASX release 1 February 2023

2. The total numbers may include rounding. The Victory Bore resource is based on a 0.26% V2O5 cut-off grade. Resource estimation by external consultants HGMC using ordinary kriging

3. Refer ASX release 7 March 2023

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FOCUS IS VANADIUM BATTERY STORAGE IT’S HAPPENING!

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SUBSTANTIAL VRB STORAGE

BATTERY MARKET FORECAST

THE MARKET FOR VANADIUM FLOW BATTERIES IS EXPECTED TO BE $50-$100 BILLION BY 2025

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• Higher energy density
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• Long life: over 20 years • Over 20,000 recharge cycles with no degradation

• No damage if under or overcharged

• Not combustible

• 100% discharge capability • Ideal for large scale applications

• Cheaper than lithium based batteries

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30%
VANADIUM
FLOW
10%
OTHER
60%
LITHIUM
ORE
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HIGH PURITY ALUMINA – HPA

Global total demand for HPA in 2022 was between 60,000 tpa

and 80,000 tpa

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THE PREDICTED NEW MARKETS FOR HPA ARE SIGNIFICANT AND INCLUDE:[1]

• 4N (99.99%) A1 0 PRODUCED 2 3

• FROM VICTORY BORE MATERIAL

• FURTHER TEST

WORK UNDERWAY

• HPA CURRENTLY SELLS FOR >$20,000 USD / TONNE

• LED REPLACEMENT LIGHTING

• CO2 EMISSION SEPARATORS

• SEMI-CONDUCTORS • LITHIUM ION BATTERY CELLS

Annual demand growth is between 13.5% and >20%

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Eg: IEA and G20 are moving to completely remove fluorescent lighting from the markets by 2025

1. Source Lava Blue

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THE DEVELOPMENT PLAN

ON SHORE MAGNETITE PRODUCTION.

CONCENTRATE SHIPPED FOR DOWNSTREAM PROCESSING. OFF SHORE PROCESSING IN SAUDI ARABIA.

• The KSA is a significant user of vanadium products, particularly in its steel sector where demand is estimated at 10 - 12 ktpa and growing at 4 - 5% Year on Year.

• • High Purity Alumina (HPA) feedstock from Victory Bore could also be processed in KSA where demand is increasing or for export to Europe.

• Memorandum of Understanding (MOU) with the Kingdom of Saudi Arabia.

• • A low capital cost operation in Australia, with value-add downstream processing and production of high value products in a low energy cost jurisdiction.

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• PROPOSED PATHWAY FOR VICTORY BORE PROJECT DEVELOPMENT

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M I N I N G B E N E F I C I A T I O N E X T R A C T I O N T R A N S P O R T
Victory Bore Vanadium Magnetite production Magnetite separated Magnetite Transported
Magnetite mined from Victory Bore deposit and loaded and Loaded at
by open cut method by low cost beneficiation. for transport Geraldton Port
MAIN PRODUCTS
Vanadium Pentoxide Ferro Vanadium Vanadium Electrolyte High Purity Alumina
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P R O C E S S I N G Magnetite processed to extract and separate vanadium and Iron

S H I P P I N G Shipped to Dammam Port, KSA

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BI-PRODUCTS
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Pig Iron

Ferro Titanium

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NEXT STEPS

• Completion of pre-feasibility study

• Progress Saudi processing option

• Completion of V2O5 extraction direct (HPV) for producing VE

• Progress with VRB strategy

• Offtake discussions commenced

• HPA 4n 99.995 confirmed – next steps scoping study

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INVESTMENT KEY POINTS

• DEVELOPING ONE OF AUSTRALIA’S LARGEST VANADIUM DEPOSITS

• HIGH GRADE > 3B POUNDS OF CONTAINED VANADIUM

• HUGE RESOURCE

1BT • BATTERY GRADE VANADIUM AND HPA

• 100% OWNED • 400KM FROM PORT

• GOOD EXISTING FRASTRUCTURE INCLUDING GAS

• PROJECTS VALUE NOT CURRENTLY REFLECTED IN SHARE PRICE

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A N K
Y O U
T H
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PAUL BURTON MAN AGIN G DIRECTOR Surefire Resources NL Suite 10, 100 Mill Point Road, South Perth WA 6151 info@surefireresources.com.au www.surefireresources.com.au

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W O R L D C L A S S