Overview of Surefire Resources' recent discovery

Australian resource company Surefire Resources NL (ASX:SRN) has reported highly anomalous copper and zinc assays from soil samples collected at its 100% owned Yidby East project in the mid-west of Western Australia. The company conducted a detailed soil sampling programme over an area where previous exploration had reported anomalous copper in soil samples over a 5km X 2km zone east of the company's Yidby Gold Project. Laboratory assays of the soil samples have now been received and have recorded up to 1000 ppm Nickel, 310 ppm Copper, 100 ppm Zinc, 100 ppm Cobalt, and 452 ppm Sulphur. The anomaly is contiguous across a width of 5km on adjacent sample lines, with samples collected at 100m intervals on each line. The project area, known as Phat Boy, is located on the Yidby Project's easternmost tenement, EL2426 east of the Company's Yidby Gold discovery.

Executive commentary on the recent discovery

The recent discovery of highly anomalous copper and zinc assays from soil samples at the Yidby East project marks a significant milestone for Surefire Resources. The extensive zone of anomalous copper and zinc assays, along with the presence of gold and sulphides in the Banded Iron Formation, presents an exciting opportunity for further exploration and potential resource expansion. The geological setting, which is analogous to the Golden Grove Volcanogenic Hosted Massive Sulphide deposit located 30km to the Northwest, further underlines the prospectivity of the area. We are planning a follow-up soil and rock chip sampling to identify drill targets and evaluate the potential for Volcanogenic Massive Sulphide (VMS) style mineralisation within the area. This discovery aligns with our commitment to unlocking the full potential of our projects and creating value for our shareholders.

Summary of the recent announcement and future outlook

Surefire Resources' recent announcement of highly anomalous copper and zinc assays from soil samples at the Yidby East project signifies a significant breakthrough in the company's exploration efforts. The extensive zone of anomalous copper and zinc assays, coupled with the presence of gold and sulphides in the Banded Iron Formation, presents a compelling case for further exploration. The company's plans to conduct follow-up soil and rock chip sampling to identify drill targets and evaluate the potential for Volcanogenic Massive Sulphide (VMS) style mineralisation demonstrate a proactive approach towards maximizing the project's potential. With the geological setting being analogous to the Golden Grove VHMS deposit, there is optimism regarding the future prospects of the Yidby East project. Surefire Resources remains committed to unlocking value for its shareholders and leveraging the full potential of its projects.