Ann: Further High Grade Assays increase prospectivity at Equador, page-265

Summit Minerals Limited (ASX:SUM) (“Summit” or the “Company”) is pleased to announce the
commencement of its Light Detection and Ranging (“LiDAR”) surveys at its 100% owned Equador
Niobium and REE Project situated in the Borborema Pegmatitic Province (“BPP”) in northeast
Brazil.
The Company has previously announced the completion of the Drone Magnetic Survey that
covered a partial northern section of the property, with interpretation underway. The expansion of
the Magnetic survey along with the LiDAR survey, to be conducted over the entirety of the Project,
will be used to enhance the intensive mapping program to identify additional pegmatite
occurrences in low laying areas as well as those under alluvial cover.
The survey will be conducted in parallel with the ongoing ground-based exploration activities and
will be aimed at defining signatures associated with known mineralisation. Data gained from the
survey will inform preliminary drill targeting by assisting with the mapping of prospective
pegmatites. Summit anticipates receiving results from the survey next month.
The exploration and sampling program will continue to explore, sample and map out all new
occurrences of pegmatites across the entire Project, with the aim of extending the program all the
way to the southern borders of the tenement. Assays remain pending for numerous sampling sites
from the ongoing field programs, and they will be reported as they come through over the coming
weeks and months