Skip to content
Finance Investment, Oil Mining Resources

Summit Minerals Limited (ASX: SUM) – SIGNIFICANT SCALE SURFACE SAPROLITE CLAY SYSTEM UNCOVERED AT ARATAPIRA REE PROJECT

Summit Minerals Limited (ASX: SUM) < 1 mins read

Summit Minerals Ltd (ASX:SUM), an Australian-focused ASX-listed battery mineral exploration Company, is thrilled to announce a significant discovery at its wholly-owned Aratapira Rare Earth Element (REE) project located in the mineral-rich region of Minas Gerais, Brazil. Recent exploration activities have uncovered an extensive surface saprolite clay system within the Alto Paranaíba Igneous Province (APIP), an area renowned for over 97% of the world’s niobium production.

The Aratapira project, part of the Company's strategic acquisition in Brazil announced on 23 April 2023, is favorably positioned between two world-class deposits: CBMM’s Niobium and ultra-high-grade hard rock REE deposit, and Mosaic’s Phosphate & REE deposit. The proximity to these deposits suggests potential enrichment sources for the saprolite clays discovered at Aratapira.

Key findings from the first-pass exploration highlight the presence of a significant saprolite clay layer, extending from the surface to considerable depths. This discovery sets the stage for a potentially large-scale Rare Earth deposit. Summit Minerals is poised to commence an aggressive Phase 1 exploration program, which will include a cost-effective maiden Auger Drilling program anticipated to start shortly.


About us:

Summit Minerals Limited is an Australian-focused ASX-listed battery mineral exploration Company with a portfolio of projects in demand-driven commodities. It is focused on systematically exploring and developing its projects to delineate multiple JORC-compliant resources.


Contact details:

Chloe Hayes

chloe@janemorganmanagement.com.au

Media

More from this category

  • Oil Mining Resources
  • 22/05/2024
  • 22:07
Robex Resources Inc.

Robex Resources Inc. Announces Maiden 303koz Indicated Mineral Resources at the Mansounia Deposit

QUEBEC CITY, May 22, 2024 (GLOBE NEWSWIRE) -- Robex Resources Inc. (TSXV: RBX) (“Robex” or the “Company”) is pleased to announce a Mineral Resource Estimate update prepared by Micon International Co Limited (“Micon”) for the Mansounia Central and Mansounia South deposits (collectively, the “Mansounia Deposit”) in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”), (the “Mansounia 2024 MRE Update”).Highlights of the Mansounia 2024 MRE Update include:The total contained gold for the Mansounia Indicated Mineral Resources is reported as 303koz following the conversion of 35% of Inferred Mineral Resources to Indicated Mineral Resources compared to…

  • Industrial Relations, Oil Mining Resources
  • 22/05/2024
  • 13:58
Mining and Energy Union

BHP suffers another defeat as OS Agreement rejected again

The Fair Work Commission has rejected another application by BHP for approval of an Enterprise Agreement to cover its production workforce. The Mining and Energy Union said the FWC decision, which found that the proposed Enterprise Agreement was not valid because it had not been explained properly to workers, was the latest in a string of legal defeats for BHP’s in-house labour hire operation. MEU Queensland President Mitch Hughes said the decision delivered late Tuesday was a further indication that BHP’s approach in setting up a subsidiary to provide itself with a cheaper workforce was flawed. “This decision further exposes…

  • Finance Investment, Oil Mining Resources
  • 22/05/2024
  • 10:21
Rincon Resources Limited (ASX: RCR)

Rincon Resources Limited (ASX: RCR) – Over-Subscribed A$5.6m Raising to Expand West Arunta Exploration

Perth, Western Australia - ASX listed minerals explorer, Rincon Resources Limited (ASX: RCR) ("Rincon" or "the Company") is pleased to announce the successful completion of an over-subscribed capital raising of A$5.6 million. The funds were raised through the placement of 56,000,000 fully paid ordinary shares at a price of $0.10 per share. This capital injection will primarily fund the expansion of exploration activities at the Company’s promising West Arunta Project in Western Australia. The placement attracted significant interest from institutional, professional, and sophisticated investors, along with continued support from existing shareholders. The shares were issued at the 10-day Volume Weighted…

  • Contains:

Media Outreach made fast, easy, simple.

Feature your press release on Medianet's News Hub every time you distribute with Medianet. Pay per release or save with a subscription.