https://www.miningweekly.com
Design|Engineering|Industrial|PROJECT|Resources|transport|Products
Design|Engineering|Industrial|PROJECT|Resources|transport|Products
design|engineering|industrial|project|resources|transport|products

Surefire signs downstream MoU in Saudi Arabia

16th August 2023

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

Font size: - +

PERTH (miningweekly.com) – ASX-listed Surefire Resources has inked a memorandum of understanding (MoU) with the Ministry of Investment in the Kingdom of Saudi Arabia (MISA) for concentrate processing and vanadium production using ore from its Victory Bale vanadium/alumina project.

“This is a very significant milestone and achievement for the company and provides a clear development pathway for the Victory Bore project as we progress the prefeasibility study (PFS),” said Surefire MD Paul Burton

“The Kingdom of Saudi Arabia is a rapidly developing region with demand and incentives for critical mineral resources. We welcome the engagement with MISA and look forward to working closely with them to achieve our mutually beneficial development plans.”

The MoU defines and outlines the development strategy for a mine and beneficiation operation at Victory Bore where high-grade vanadium concentrate is produced for transport to Geraldton port, and then on-shipping to Port Damam. Downstream processing of the concentrate would then occur in nearby industrial sectors to produce high-value end-products of vanadium pentoxide, vanadium electrolyte, ferro-vanadium, and bi-products of pig-iron, ferro-titanium and also potential for the company’s high purity alumina.

Surefire said in a statement on Wednesday that under the MoU, MISA will provide assistance for importing and processing of the mineral concentrate, and would provide investment opportunities and incentives to assist Surefire to secure binding agreements for funding and development, with MISA to also introduce partners for production facilities.

Surefire, in turn, will introduce its preferred engineering partners to design and construct the facilities, and will consider the establishment of a high purity alumina production facility in the Kingdom of Saudi Arabia.

The company is currently working on a PFS for Victory Bore, which is expected in November this year.

Edited by Creamer Media Reporter

Comments

 

Showroom

SABAT
SABAT

From batteries for boats and jet skis, to batteries for cars and quad bikes, SABAT Batteries has positioned itself as the lifestyle battery of...

VISIT SHOWROOM 
Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.158 0.195s - 92pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: