Surefire Resources (ASX:SRN) - Managing Director, Paul Burton
Managing Director, Paul Burton
Source: TNG
The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • Surefire Resources (SRN) produces 4N HPA from its Victory bore deposit in Western Australia
  • The highest purity level reached heights of 99.99 per cent
  • The company appointed Lava Blue in March 2023 to undertake a study on HPA production as an additional product from its Victory bore deposit
  • In June, the company announced a maiden MRE of 38 million tonnes at a grade of 23.3 per cent aluminium oxide
  • SNR is up 5.88 per cent, trading at 1.8 cents at 3:02 pm AEST

Surefire Resources (SRN) has produced 4N high-purity alumina (HPA) from its Victory bore deposit in Western Australia.

The test work confirmed the synthesis of 4N HPA, with the highest purity level reaching heights of 99.99 per cent.

“This successful test work result adds significant value to the company’s Victory bore deposit,” SRN Managing Director Paul Burton said.

“HPA from such a host rock raises important possibilities for the company’s future development strategy.”

The company appointed Lava Blue in March 2023 to undertake a study on HPA production as an additional product from its Victory bore deposit.

The Victory bore deposit contains high aluminium oxide grades in the waste rock, reaching grades of up to 31.4 per cent.

The high-grade waste rock presents Surefire Resources with an advantage, as it provides a potential low-cost feedstock for high-value HPA production.

4N HPA is in high demand in various industries due to its unique properties. It finds applications in coatings for lithium-ion battery separators, LED production, among others.

In June, the company announced a maiden mineral resource of 38 million tonnes at a grade of 23.3 per cent aluminium oxide.

SRN was up 5.88 per cent, trading at 1.8 cents at 3:02 pm AEST.

SRN by the numbers
More From The Market Online
The Market Online Video

Market Close: ASX inches up to win hard fought gains

The ASX200 closed the day up 0.35% with Energy leading the pack, up 1.86%, followed by Financials,…

Week 19 Wrap: European countries beam at China as Oz, US talk tough

The biggest story of this week in my view hasn't got much to do with Australian…

Negotiation with Aboriginal Corporation in Queensland set to guide Diatreme’s silica project

Diatreme Resources has entered into negotiations with the Dingaal Clan Dwhich it hopes will expedite the…
The Market Online Video

Market Update: Energy sparks ASX back to a greener future

The ASX200 is up nearly half a per cent – beating futures earlier predictions,