en.Wedoany.com Reported - Surefire Resources NL advanced exploration across its Western Australian portfolio during the March 2026 quarter. The Yidby Gold Project delivered new high-grade surface results and identified a broader mineralized corridor. The company also continued technical and development studies on its flagship Victory Bore Vanadium-Titanium Magnetite Project, while maintaining tight cash management.
Yidby exploration focused on geophysical reprocessing and float sampling north of the existing gold deposit, leading to the discovery of a new prospect named Loot. Surface samples from previously untested areas returned high gold grades, including results of 12.04 g/t, 3.66 g/t, and 1.70 g/t. These results validate historical exploration data and define a 2-kilometer-long mineralized corridor, much of which remains untested, suggesting broader discovery potential. Mineralization is hosted within albitite, a rock type associated with several known gold systems in Western Australia.
At the Kadji Gold Project, Surefire revisited historical anomalies identified by BHP in the 1980s, completing Bulk Leach Extractable Gold sampling across four target areas. A total of 20 samples were collected for gold and silver analysis, aimed at refining targets on these largely untested tenements.
Surefire continued to advance the Victory Bore Vanadium-Titanium Magnetite Project, which hosts a large-scale resource base underpinning the company's critical minerals strategy. During the quarter, the company continued metallurgical testwork, confirming the ability to produce high-grade magnetite concentrate; progressed mining license applications; evaluated downstream processing pathways, including vanadium recovery and value-added products; and maintained engagement with potential strategic and offtake partners. Victory Bore holds a Mineral Resource of 464 million tonnes and an Ore Reserve of 93 million tonnes.
Exploration and evaluation expenditure for the quarter totaled A$98,000, with cash and cash equivalents of A$427,000 at the end of March. At the current expenditure rate, the company has approximately 1.3 quarters of funding available and is considering additional capital management options to support ongoing operations.
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