Surefire Resources developing new low-cost, eco-friendly mining technology
–News Direct–
Surefire Resources NL (ASX:SRN) managing director Paul Burton joins Proactives Jonathan Jackson to detail a groundbreaking process for extracting vanadium from magnetite deposits, highlighting a significant advancement in cost efficiency and environmental impact. The company is securing intellectual property for this innovative process through a provisional patent, allowing 18 months for optimisation before full assessment by patent authorities. Traditionally, vanadium extraction involves high-heat kilns operating at 1100 degrees centigrade continuously, which results in substantial power usage, high temperatures and significant emissions. This method incurs immense capital and operating costs, estimated around $100-150 million for kiln construction and maintenance alone. Su...