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Surefire Resources NL (ASX:SRN)

ALERT: Price-sensitive ASX Announcement for SRN
Current share price for SRN : $0.023 0 (0%)+
Announcement
Release
14 Aug 2026 5:20PM
Price at Release
$0.023
Full Release
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Summary
Surefire Resources NL announced an On-Market Share Buy-Back program aiming to repurchase up to 15 million ordinary shares, equivalent to approximately 8.3% of its fully paid shares, at an estimated cost of $345,000. The initiative is part of the company's capital management strategy, reflecting the board's belief that the current share price does not reflect the intrinsic value of the company's assets. The buy-back, planned to commence no earlier than 28 August 2026 and complete by 29 January 2027, will be conducted under the '10/12 limit' of the Corporations Act 2001 without requiring shareholder approval. Evolution Capital Pty Ltd will facilitate this buy-back. The move is influenced by a robust JORC Mineral Resource Estimate at the Victory Bore / Unaly Hill Project and potential gold targets within the Yidby Gold Project.
Key Points
  • Surefire Resources NL plans to buy back up to 15 million shares.
  • The buy-back represents 8.3% of the company's fully paid shares.
  • Estimated cost of the buy-back is approximately $345,000.
  • The buy-back is aimed at capital management without needing shareholder approval.
  • Buy-back period is from 28 August 2026 to 29 January 2027.
  • Evolution Capital Pty Ltd is engaged for the buy-back.
  • The company views its current share price as undervalued.
  • Influenced by strong JORC Mineral Resource Estimates at Victory Bore / Unaly Hill.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.