SUM 11.4% 24.5¢ summit minerals limited

"The Company confirms that samples collected at site are being...

  1. 8,151 Posts.
    lightbulb Created with Sketch. 1115
    "The Company confirms that samples collected at site are being sent to the Alex Stewart laboratory in Brazil on a regular basis.

    To date, samples have been sent to the laboratory on the following dates:
    29 May 2024, 30 May 2024, 3 June 2024, 5 June 2024, 10 Jun 2024, 18 Jun 2024 and 21 Jun 2024.

    Additionally, once assayed, pulps are sent to another laboratory in Chile when requested
    by the company for a different assay type to be conducted.


    These pulps were sent on 10 June 2024 and are expected to take 6 to 8 weeks.

    The sampling program is still underway with regular sample batches sent to the lab,
    these results are expected to be received on a regular basis.


    The Company expects to receive results from the aforementioned Brazilian laboratory regularly, approximately 2-3 weeks after the assays have been delivered to the lab.

    Once the results are received by the Company, it can take at least a week for the Company's QP
    to conduct QA and QC, interpret the results including putting them into context with other results received and draft an ASX announcement.


    It is anticipated that results from the aforementioned Chilean laboratory will take up to 8 weeks to be received by the Company from the date that they were submitted."

    ..............................................................................................................................................................................

    From that it shows a steady flow of Assay results are on the way,
    Also that it takes around a month from when Assays are sent in to when the Announcement is released.

    Last assay results were Announced on the 2/7/24,
    It seems that the assays from the dates:

    10 Jun 2024, 18 Jun 2024 and 21 Jun 2024.

    As well any Assays since then
    Are likely still on the way....

    Also the Pulps sent in on the 10 June,
    Were expected to take 6 to 8 Weeks,

    It's been 5 Weeks since the 10 June,
    So the Pulp Assays should be received in a week to 3 weeks time.

    Perhaps with another week to interpret the results,
    And write up the Announcement....

    Then there's Magnetic Survey,
    LIDAR,
    Bulk Sampling and
    Drilling approvals on the way....
 
watchlist Created with Sketch. Add SUM (ASX) to my watchlist
(20min delay)
Last
24.5¢
Change
0.025(11.4%)
Mkt cap ! $17.61M
Open High Low Value Volume
22.5¢ 27.0¢ 22.5¢ $419.9K 1.672M

Buyers (Bids)

No. Vol. Price($)
4 41457 24.5¢
 

Sellers (Offers)

Price($) Vol. No.
26.0¢ 92258 2
View Market Depth
Last trade - 16.10pm 16/08/2024 (20 minute delay) ?
SUM (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.