SUREFIRE RESOURCES NL — Regulatory Filings 2021

Oct 24, 2021

yW>KZd/KEhWd

z/z 'K> ϭϬϬйt

• x z/zͲ Z ƌŝůůŝŶŐ
  • x ŽŵƉůĞƚĞĚ ϮϮ ŚŽůĞƐ ĨŽƌ Ϯ͕Ϯϵϴŵ
  • x EƵŵďĞƌ ŽĨDD/ĂŶŽŵĂůŝĞƐ ƚĞƐƚĞĚ
  • x ĞƉƚŚ ĞdžƚĞŶƐŝŽŶŽĨzŝĚďLJ ZŽĂĚ'ŽůĚĚĞƉŽƐŝƚƚĞƐƚĞĚ
  • x >ĂƌŐĞnjŽŶĞƐ ŽĨƉŽƚĞŶƚŝĂů ŵŝŶĞƌĂůŝƐĞĚ ƋƵĂƌƚnjĂŶĚ ƐƵůƉŚŝĚĞƐ ŝĚĞŶƚŝĨŝĞĚ
• x DKEzDD/ Ͳ ^Žŝů 'ĞŽĐŚĞŵŝƐƚƌLJ
  • x ŽŵƉůĞƚĞĚ ĂƐƐĂLJ ŝŶƚĞƌƉƌĞƚĂƚŝŽŶ
  • x ^ŝŐŶŝĨŝĐĂŶƚĂŶŽŵĂůŽƵƐ njŽŶĞƐ ŽĨƵ ΘƵ ŝĚĞŶƚŝĨŝĞĚ
  • x &ůŽƌĂΘ&ĂƵŶĂ^ƵƌǀĞLJ ĐŽŵƉůĞƚĞĚ

^ƵƌĞĨŝƌĞ ZĞƐŽƵƌĐĞƐ E>;^y͗ ^ZE͕ΗƚŚĞ ŽŵƉĂŶLJΗ Žƌ͞**^ZE**ΗͿ ŝƐƉůĞĂƐĞĚƚŽ ƉƌŽǀŝĚĞ ĂŶƵƉĚĂƚĞ ŽŶƌĞĐĞŶƚĞdžƉůŽƌĂƚŝŽŶĂĐƚŝǀŝƚŝĞƐ͕ŝŶĐůƵĚŝŶŐ Z ĚƌŝůůŝŶŐĂƚzŝĚďLJ 'ŽůĚWƌŽũĞĐƚ͕ĂŶĚ ƌĞĐĞŶƚDŽďŝůĞ DĞƚĂů /ŽŶƐ ƐŽŝů ƐĂŵƉůŝŶŐ ĂƚƚŚĞ DŽŶĞLJ ƐŽŝů ĂŶŽŵĂůLJ ;^ŽƵƚŚĞƌŶ zŝĚďLJͿ͘

zŝĚďLJ'ŽůĚ WƌŽũĞĐƚ

dŚŝƐŵŽŶƚŚ͕ ^ƵƌĞĨŝƌĞ ĐŽŵƉůĞƚĞĚϮ ƐĞƉĂƌĂƚĞ ƉŚĂƐĞƐ ŽĨĚƌŝůůŝŶŐ ŽĨĂƚŽƚĂů ŽĨϮϮ Z ŚŽůĞƐ ĨŽƌ Ϯ͕Ϯϵϴŵ͕ WŚĂƐĞ ϭ ƚŽ ŝĚĞŶƚŝĨLJ ƉŽƚĞŶƚŝĂů ŐŽůĚ ŵŝŶĞƌĂůŝƐĂƚŝŽŶ ĨƌŽŵ ƚŚĞ ĞdžƚĞŶƐŝǀĞ DD/ ƐŽŝů ƐĂŵƉůŝŶŐ ĂŶŽŵĂůŝĞƐ ŝŵŵĞĚŝĂƚĞůLJ ƚŽ ƚŚĞ ǁĞƐƚŽĨƚŚĞ zŝĚďLJ ZŽĂĚ'ŽůĚĞƉŽƐŝƚ͕ĂŶĚWŚĂƐĞ Ϯ ƵƚŝůŝƐŝŶŐ ĂŶ džƉůŽƌĂĐ ,ϮϮϬ ƌŝŐ ƚŽ Ěƌŝůů ĂŶƵŵďĞƌŽĨĚĞĞƉŚŽůĞƐ ďĞůŽǁƚŚĂƚ ĚĞƉŽƐŝƚ͘

DD/ ŐĞŽĐŚĞŵŝƐƚƌLJ ĂŶŽŵĂůŝĞƐ ĂĚũĂĐĞŶƚ ƚŽ ƚŚĞ ǁĞƐƚ ŽĨƚŚĞ zŝĚďLJ ZŽĂĚ'ŽůĚĚĞƉŽƐŝƚ ŝĚĞŶƚŝĨŝĞĚ ĂƐĞƌŝĞƐ ŽĨƐƵďͲƉĂƌĂůůĞůŐŽůĚƚƌĞŶĚƐ ŽƵƚƐŝĚĞ ŽĨƚŚĞ ĐƵƌƌĞŶƚĚĞĨŝŶĞĚzŝĚďLJ ŐŽůĚ ĂƌĞĂ;&ŝŐƵƌĞ ϭͿ͘

dŚĞ ĚƌŝůůŝŶŐ ŽĨƐĞǀĞƌĂů ŽĨƚŚĞ ĂŶŽŵĂůŝĞƐ ǁĂƐ ĐŽŶĚƵĐƚĞĚŽŶ ϯ ůŝŶĞƐ ŽĨ Z ŚŽůĞƐ ƚĂƌŐĞƚŝŶŐ Ă ŶƵŵďĞƌŽĨ ŚŝŐŚŐƌĂĚĞ DD/ ĂŶŽŵĂůŝĞƐ ĂŶĚ ŚĂƐ ŝĚĞŶƚŝĨŝĞĚnjŽŶĞƐ ŽĨƋƵĂƌƚnjͲĐĂƌďŽŶĂƚĞͲƐƵůƉŚŝĚĞ ĂůƚĞƌĂƚŝŽŶǁŝƚŚŝŶ ƚŚĞ ŽdžŝĚŝƐĞĚ ƚŽ ĨƌĞƐŚ ƌĞŐŽůŝƚŚ;&ŝŐƵƌĞ ϮͿ͘

ƚƚŚĞ zŝĚďLJ ZŽĂĚ'ŽůĚĚĞƉŽƐŝƚ͕ϯ Z ,ŽůĞƐ zZϰϭ ƚŽ zZϰϯ ǁĞƌĞ ĚƌŝůůĞĚ͕ ĂŶĚĚĞƉƚŚƐ ǁĞƌĞ ƌĞĂĐŚĞĚƵƉƚŽ Ϯϳϰŵ͘ dŚĞƐĞ ǁĞƌĞ ĚĞƐŝŐŶĞĚ ƚŽ ŝĚĞŶƚŝĨLJ ŐŽůĚŵŝŶĞƌĂůŝƐĂƚŝŽŶĂƚĚĞƉƚŚďĞůŽǁ͕ ĂŶĚ ĂůŽŶŐ ƐƚƌŝŬĞ ŽĨzZϬϭϳ ;ϭϬϬŵ Λ Ϭ͘ϱϯŐͬƚ ĨƌŽŵ ϵϲŵ ǁŚŝĐŚ ŝŶĐůƵĚĞƐϭϯŵ Λ Ϯ͘ϭϳŐͬƚ ĨƌŽŵ ϭϭϯŵͿ͘ 'ĞŽůŽŐŝĐĂů ůŽŐŐŝŶŐ ŚĂƐ͕ƚŽ ĚĂƚĞ͕ ŝĚĞŶƚŝĨŝĞĚ ϭϴŵ ŽĨ ƋƵĂƌƚnjͲƐƵůƉŚŝĚĞ ĂůƚĞƌĂƚŝŽŶĨƌŽŵ ϮϭϮŵ ǁŝƚŚŝŶ zZϬϰϭ ;&ŝŐƵƌĞ ϯͿ͘

dŚĞƐĞ ŵŝŶĞƌĂůŝƐĞĚnjŽŶĞƐƌĞĨůĞĐƚƚŚĞ ƉŽƚĞŶƚŝĂůĨŽƌĂĚĚŝƚŝŽŶĂů ĞdžƚĞŶƐŝŽŶƐƚŽ ƚŚĞ ĐƵƌƌĞŶƚůLJ ŬŶŽǁŶ zŝĚďLJ ZŽĂĚ'ŽůĚ ĞƉŽƐŝƚ ǁŝƚŚƉĂƐƚŝŶƚĞƌƐĞĐƚŝŽŶƐ ŽĨ͗

Ϯϰŵ	ŐͬƚƵ&ƌŽŵ	ϯ͘Ϭϭ	Λ	ϰϬŵ		zZϬϬϴ
ϱϮŵ	ŐͬƚƵ&ƌŽŵ	Ϯϲ͘ϱϳ	Λ	ϰŵ	/ŶĐů
ϰϰŵ	ŐͬƚƵ&ƌŽŵ	ϭ͘ϵϳ	Λ	ϱϲŵ		zZϬϬϳ
ϭϱϬŵ	ŐͬƚƵ&ƌŽŵ	ϯ͘ϲϴ	Λ	ϯϮŵ		zZϬϭϵ
ϭϮϲŵ	ŐͬƚƵ&ƌŽŵ	Ϯ͘ϬϮ	Λ	Ϯϲŵ		zZϬϯϱ

^ĂŵƉůĞƐ ŚĂǀĞ ďĞĞŶƐƵďŵŝƚƚĞĚĨŽƌĂŶĂůLJƐŝƐ͕ ĂŶĚƚŚĞ ůĂďŽƌĂƚŽƌLJ ŚĂƐĂĚǀŝƐĞĚƚŚĂƚƚŚĞƌĞ ŝƐĂŶ ĂŶƚŝĐŝƉĂƚĞĚƚƵƌŶƌŽƵŶĚƚŝŵĞ ŽĨƵƉƚŽ ϴ ǁĞĞŬƐ ĚƵĞ ƚŽ ĐƵƌƌĞŶƚĚĞŵĂŶĚ ĨŽƌƚŚĞŝƌ ƐĞƌǀŝĐĞƐ͘

&ŝŐƵƌĞ ϭ͗ ŽŵƉůĞƚĞĚ Z ĚƌŝůůŝŶŐ ůŽĐĂƚŝŽŶƐŽǀĞƌ DD/ŐŽůĚŐĞŽĐŚĞŵŝƐƚƌLJ ŝŶƚĞƌƉƌĞƚĂƚŝŽŶƐ͘

MMI Soil RC Dill Hole YBRC033

Figure 2: RC drill hole YBRC033 showing 12m quartz-carbonate-sulphide alteration

Yidby Road Gold Deposit RC Drill Hole YBRC041

Figure 3: RC drill hole YBRC041 showing 18m quartz-sulphide alteration

Surface Topography Survey

Surefire engaged Arvista who completed a detailed surface topography survey using drone technology for the purposes of future resource definition and studies of the Yidby Road Gold Deposit.

Money MMI Soil Geochemistry

Surefire announced on 6th September 2021 that large soil anomalies had been identified at Yidby following soil geochemistry conducted in August 2021. The data has recently undergone a more thorough interpretation to identify anomalous trends (Figure 4). Of significance are the gold and copper trends that coincide with each other and a large banded-iron ridge with parallel quartz veining to the west. The mineralisation is not considered to be associated with the Yidby Road Gold Deposit system of the trending northwest to southeast ultramafics which pass across the northern contact of the Money MMI anomaly.

The newly defined "Money Anomaly" is a large northwest trending 1,000m x 250m area of MMI Au in soil anomalism.

A series of parallel structures is interpreted with the copper and gold, although this could be associated with a wide or flat dipping structure.

Flora and Fauna

Also completed within the Money MMI Geochem anomaly is the flora and fauna study.

Figure 4: Yidby and Money soil geochemistry showing copper and gold trends over magnetics

Authorised for ASX release by:

Vladimir Nikolaenko Managing Director

Competent Person Statement:

The information in this report that relates to exploration results has been reviewed, compiled and fairly represented by Mr Andrew Hawker, a Member of the Australian Institute of Mining and Metallurgy ('MAusIMM') and an independent consultant. Mr Hawker 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 Hawker consents to the inclusion in this report of the matters based on this information in the form and context in which it appears.

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 forwardlooking 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.

New Information or Data:

SRN confirms that it is not aware of any new information or data that materially affects the information included in previous 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 findinas are presented have not materially changed from the original market announcement.