Perth, Australia, [9 May] - Summit Minerals (ASX: SUM), Australian-focused ASX-listed battery mineral exploration Company, is pleased to announce the successful completion of a comprehensive multispectral analysis at its Equador project, which has identified 30 priority targets prospective for niobium mineralization.
The analysis, led by Dr. Neil Pendock of Dirt Exploration, used Sentinel-2 satellite imagery to map spectral signatures indicative of niobium mineralization. The identified targets are strategically located across the project area, correlating closely with historical data. This milestone marks a significant step in Summit Minerals' exploration journey.
Highlights:
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30 Priority Targets Identified: Spectral analysis has revealed multiple high-priority targets, with ground-truthing confirming a strong correlation between the spectral data and tourmaline pegmatite occurrences.
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Upcoming Exploration: A drone magnetic survey is planned to refine the targets further, supporting an efficient and effective drilling campaign later in the year.
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Strategic Importance: The Equador region is globally recognized for its rich deposits of niobium and rare earth elements. Initial assays confirm the potential for significant niobium mineralization.
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Expert Insights: Dr. Neil Pendock, a leading expert in the field, is spearheading the analysis. Further studies are underway to enhance understanding of Summit’s Brazilian projects.
Summit’s Managing Director, Gower He, commented, “The Equador Project is already showing its potential, with the identification of several pegmatite bodies and many historical workings where tantalite and niobium have been found. Dr Neil Pendock of Dirt Exploration's multispectral review has quickly identified further potential areas of pegmatite and niobium mineralisation and will be invaluable in guiding our early exploration work.”
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.
Summit's projects include the niobium, REE and lithium projects in Brazil, Castor Lithium Project in the prolific James Bay District, Quebec, Canada; the Phillips River Lithium Project in Ravensthorpe WA. Through focus, diligence and execution, the board of Summit Minerals is determined to unlock previously unrealised value in our projects.
Contact details:
Chloe Hayes