Surefire Resources hits over 5-month high on talks for iron project off-take

Surefire Resources NL

09/02/2022 03:23

** Shares of Australian gold vanadium explorer  SRN.AX 
soars as much as 25% to A$0.018, their highest since Aug. 31 
    ** Co explores transport and off-take options for its 100%
owned Perenjori iron project in Western Australia  urn:newsml:reuters.com:*:nASX7fL4BQ
    ** SRN initiates talks with a third party infrastructure
provider to build, own, and operate a slurry pipeline and
transhipment facility aiming at lower transport costs 
    ** Co progresses magnetite concentrate off-take negotiations
with potential partners, including global commodities traders
for project financing 
    ** Shares on track for their biggest intraday pct gain since
Feb. 3
    ** More than 74.6 mln shares change hands as compared with
the 30-day average volume of ~4.5 mln shares 
    ** Stock has risen 16.7% this year, as of last close

 (Reporting by Roushni Nair in Bengluru)
 ((Roushni.Nair@thomsonreuters.com;))