Perth, Australia – 26 August 2024 | Summit Minerals Limited (ASX:SUM) ("Summit" or "the Company") is pleased to announce the commencement of its bulk sampling program and the expansion of the magnetic survey at its 100% owned Equador Niobium and Tantalum Project, located in the Borborema Pegmatitic Province ("BPP") in northeast Brazil. These initiatives mark significant steps in advancing the exploration and development of this high-potential project.
Highlights:
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Bulk Sampling Program: The bulk sampling program has begun at the Equador Niobium Project in northeast Brazil, with the aim of providing multiple, large representative samples from across the area. These samples will then form the foundation of the metallurgical test program and support the maiden drilling campaign.
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Extended Magnetic Survey: The magnetic survey, initially completed over the northern section of the property, is now going to be expanded to cover the project in its entirety, including the newly acquired ‘Equador North’ mining lease (Tenement 848283/1999). The survey will enhance the mapping of pegmatite occurrences, particularly in low-lying and alluvial-covered areas, to better define targets.
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Focus on Resource Validation: Summit is expediting its efforts towards an initial drilling program to validate the quality of the Equador Project. The Company anticipates receiving the necessary permits for proposed drilling in the coming weeks.
Gower He, Managing Director of Summit Minerals, commented: “We are excited to continue kicking goals and commence the bulk sampling program and expanded magnetic survey, as they represent key steps in unlocking the full potential of the Equador Niobium and Tantalum Project. The combination of these efforts will significantly advance our understanding of the mineralization and help us move towards a robust resource assessment.”
For further information, please contact:
Gower He
Managing Director
info@summitminerals.com.au
Dayna Louca
Media & Investor Relations
dayna@janemorganmanagement.com.au
About us:
About Summit Minerals Limited:
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:
Jane Morgan
Jane Morgan Management
Investor & Media Relations
jm@janemorganmanagement.com.au