SANDRO KNOWS -, page-29

I think this project is by far the most exciting in the SUM catalog I suggest everyone who is not across it has a look I’ll attach a link. Below is an excerpt of the announcement talking to its geology and proximity to CBMM I’ll also attach a picture from the announcement with CBMM and SUM highlighted.



The project spans parts of the Alto Paranaíba Igneous Province (APIP), which accounts for over 97% of global niobium production and consists of major carbonatite complexes, kimberlites, lamproites, and minor alkali-related intrusions. It lies between CBMM's World-Class Niobium & ultra-high-grade hard rock REE deposit and Mosaic's Phosphate & REE deposit, associated with the Barreiro do Araá and Tapira carbonatite complexes.A thick saprolite layer exceeding 200 m is associated with the Barreiro do Araxá carbonatite', where deep weathering and supergene-enrichment contribute to higher P and Nb grades, is exploited by VALE's Araxá phosphate mine and CBMM's niobium mine, the world's largest Nb supplier.Reconnaissance exploration revealed the same thick saprolite clay layers extend across Summit's ground at Aratapira.


They call it’s a REE project but it’s Nb is clearly why the land was acquired. SUM took the total catalogue of projects from 3 companies Sandro I don’t think sold us this one but happy to be corrected. Any indication that the geology is connected to CBMM Nb mine is by far the biggest news for this company.



https://yourir.info/resources/c300f9238ee6d395/announcements/sum.asx/6A1204063/SUM_Significant_Saprolite_Clay_System_Discovered_at_Aratapira.pdf