Surefire Resources (ASX:SRN) has advised of a significant upgrade in its 100% owned Victory Bore project, a high-grade vanadium and critical minerals area, following an independent assessment and calculation of an Exploration Target Estimate (ETE).
Surefire Resources says the ETE was commissioned following the recent MRE (Mineral Resource Estimate) at the project to 321 Mt @ 0.39% (V2O5) vanadium oxide.
The company says it's now between 682 Mt to 1,190 Mt @ 0.2% to 0.43% V2O5, and propels the project to world-class status.
Shares of Surefire Resources closed up 27% today.