Surefire Resources NL reported significant progress in its Western Australian exploration portfolio during the December 2025 quarter, highlighted by standout gold intercepts at Yidby and advancing development at the Victory Bore critical minerals project.
- Yidby Gold Project delivers high-grade gold intercepts including 1m at 15.83 g/t Au
- Victory Bore project advances with metallurgical test work and mining licence application
- Copper Hill and Kadji projects see ongoing geophysical and geochemical target refinement
- Exploration expenditure remains disciplined at $26k for the quarter
- Cash reserves of $767k supported by a $1.177 million loan facility
Exploration Momentum at Yidby Gold Project
Surefire Resources NL has reinforced the Yidby Gold Project's status as a significant emerging gold system in Western Australia. The December 2025 quarter saw the company integrate historical and recent drilling data, refining multiple gold targets controlled by regional and local structures. The highlight was the receipt of final assay results from the September 2025 reverse circulation drilling program, which included a remarkable 1 metre intercept grading 15.83 grams per tonne gold. This high-grade intercept was part of a broader 108 metre mineralised envelope averaging 0.61 g/t Au, with several high-grade zones within, confirming the scale and continuity of mineralisation at Yidby.
Geologically, Yidby sits at the southern end of the Yalgoo-Singleton Greenstone Belt, a prolific mineralised corridor hosting major gold and base metal deposits. The mineralisation plunges northwest and remains open at depth, providing compelling targets for the next drilling phase planned for early 2026.
Advancing Critical Minerals at Victory Bore
The Victory Bore Vanadium-Titanium-Iron Project remains Surefire’s flagship critical minerals asset. During the quarter, the company progressed metallurgical test work demonstrating the ability to produce high-grade magnetite concentrates with favourable grades of iron, vanadium pentoxide, and titanium dioxide. Notably, the vanadium is predominantly recovered in the magnetic fraction, which bodes well for downstream processing efficiency.
Surefire also advanced its mining licence application and continued to explore downstream processing and product pathways, including value-added vanadium recovery options. Engagement with potential strategic and offtake partners is ongoing, reflecting the project's strategic importance amid growing demand for battery and clean energy minerals.
Ongoing Exploration at Copper Hill and Kadji
Exploration at the Copper Hill project focused on geophysical interpretation, with moving loop electromagnetic surveys identifying conductive features coincident with copper and zinc anomalies. These targets are slated for drilling in the first quarter of 2026. Meanwhile, the Kadji Gold Project underwent desktop reassessment, revealing multiple gold anomalous zones with limited prior exploration. Structural trends and soil anomalies have been prioritised for future fieldwork, positioning Kadji as a promising exploration frontier.
Financial Discipline and Strategic Outlook
Surefire maintained a disciplined approach to expenditure, with exploration and evaluation costs of $26,000 for the quarter. The company ended December 2025 with $767,000 in cash and access to a $1.177 million loan facility, providing a runway to advance its projects. No mining production occurred during the quarter, consistent with the company’s focus on exploration and development.
Looking ahead, Surefire is poised to execute follow-up drilling at Yidby and Copper Hill, advance the Victory Bore project through further studies and partnerships, and continue evaluating new opportunities to expand its portfolio of gold and critical minerals assets in Western Australia.
Bottom Line?
Surefire’s December quarter sets the stage for a pivotal 2026 as it targets resource expansion and development milestones amid tight funding discipline.
Questions in the middle?
- Will upcoming drill programs at Yidby confirm the scale and grade continuity suggested by recent intercepts?
- How will Surefire’s strategic partnerships shape the development pathway for the Victory Bore critical minerals project?
- What funding strategies will the company deploy to sustain exploration and advance project development beyond current cash reserves?