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38.0¢ summit minerals limited

Ann: High grade Niobium results from Equador - Brazil, page-1347

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Tcb007

19,952 Posts.

2608

23/06/24

17:58

Post #: 74447808
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Originally posted by Tcb007 ↑

You said you were not going to post here again? The gold example is completely ridiculous - if that would be the case then the Niobium grade would have also come back at 99.9% pure Niobium?

Anyway, you are correct, the JORC code is available online and it's a pretty easy 3 minute read for any layman to understand, then come to the conclusion that SUM have acted well within the required guidelines.

Furthermore, the company also advised that the separation of the host minerals from the surrounding Quartz and Feldspar in the pegmatite samples before assay, enables the Company to more accurately identify the potential end grade of the host pegmatite. The selected samples have returned a high grade for both Niobium and Tantalum plus other elevated REE elements of note.

Then they clearly said "Assays have now been sent to another lab so that a full suite analysis on the sample can be contacted, which will enable the company to ascertain and thereafter announce the TREO percentage as well as potentially other elements contained within the samples."

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Also, check out this excellent thread https://hotcopper.com.au/threads/sandro-knows.8041211/

And there's also a handful of microcaps that have reported a higher grade sample than SUM

SUM Price at posting: 50.0¢ Sentiment: Buy Disclosure: Held
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