Surefire Resources NL has completed a Reverse Circulation (RC) drilling campaign of 62 holes for 5,189m at its 100% owned Victory Bore Vanadium Deposit. The initial 910 drilling assay results have been received. The drilling program has defined 3 thick and consistent Vanadium lodes.

The 2 main Vanadium lodes, Main Lode and Central Lode, were delineated by previous 400m x 25m drilling. The current program infilled a 1.4km portion of the resource to 100m x 25m along strike, drilling sections to enlarge and upgrade the resource category. Drill holes targeted a South-South- Westerly trending Banded Iron Formation(BIF) dipping 72 degrees to the west within a coarse crystalline Gabbroic unit at Victory Bore.

The Main Lode is situated on the eastern side and is MASSIVE, both predictable along strike and down dip with wide consistent downhole intersection thicknesses rarely below 50m, and up to 92m (VBRC062), and the Vanadium Pentoxide grades are reliably in the mid 0.45% V2O5 range. The Central Lode is situated approximately 70m to the west of Main Lode and features mineralised thicknesses varying from 24m to an extraordinary 64m downhole intersection. Drilling was focussed on two lodes, Main Lode and Central Lode, however additional Vanadium mineralisation was discovered and called West Lode.

The West Lode was not specifically targeted by drilling and that is why the western boundary of this lode is at present open, meaning it probably continues further to the west. It is a vast zone already averaging 60m true width of Vanadium mineralisation @ 0.23% V2O5.