SUM

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17.5¢ summit minerals limited

Ann: Further High Grade Assays increase prospectivity at Equador, page-48

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Goodwyne

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02/07/24

11:02

Post #: 74562978
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Originally posted by JandJ: ↑

You have lost some credibility with me - go read the ann properly.

The assays are only part of the story being unfolded, other talk is far more important including -

1. Mag and Lidar will be expanded (on grounds that they have been successful as a tool to map the pegmatites)
2. Detailed Development Program Planning underway. The key word is Development - not Exploration. Got it ??
3. The addition of new pegmatite discoveries running parallel to the known pegmatites indicated a muchlarger prospective system.
4. Additionally, pegmatites have been observed running perpendicular to the main trend alongcross faults in the basement rock. This indicates a potentially larger and stronger depositional eventwhen the pegmatites were intruded allowing a highly prospective environment for mineral enrichmentto occur. (IMO that is huge - given that I have spent hours on satellite images working out what has happened)

Equador Niobium & Tantalum Project Development PlanRead the Three Step Program in Full, please.
All of this could happen very fast, and since mining has happened across the entire tenement, permissions and permits are also likely quickly.

My assessment is totally contrary to yours @2ic - it is that SUM COULD overtake and be in production much quicker than WA1, who had years headstart to SUM's only 2 months since acquisition.

IMO only - not advice and please do your own DD. GL all.

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SUM Price at posting: 32.0¢ Sentiment: None Disclosure: Held
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Ann: Further High Grade Assays increase prospectivity at Equador, page-48

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Ann: Further High Grade Assays increase prospectivity at Equador, page-48

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