PriceSensitive

Surefire Resources (ASX:SRN) confirms production of high-purity alumina from Victory, WA

ASX News, Materials
ASX:SRN      MCAP $19.86M
25 July 2023 15:02 (AEST)
Surefire Resources (ASX:SRN) - Managing Director, Paul Burton

Source: TNG

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.

Related News