Even if the body of the Peg had an average grade of 0.5% Nb/Ta...

Even if the body of the Peg had an average grade of 0.5% Nb/Ta for every Million Tons of rock quarried you would have 5000 tons of Coltan which can be refined using a basic crushing gravity process.




Assuming a price of $45000USD a ton or $66000 AUD (possibly higher with Tantalum) For every million tons processed a potential yield of 5000 tons of concentrate at $66k AUD equals $330m AUD that would be the equivalent to a gold resource at roughly 3g/t

Now throw in the alluvial potential which maybe as simple and digging it out with an excavator then concentrating the sand for extra tonnage.



If the average Nb/Ta grade is higher you can do the math.

Its early days but with Sandro on the ground scouting around, his wealth of knowledge in Nb/Ta and management moving at pace since the acquisition the potential going forward looks very good for SUM. Lets see what we find drilling.


Oh yeah how about we get some samples from the T1 and T2 saprolite clay deposit too....