Downside is might have to wait until December for the...

Downside is might have to wait until December for the application to finalise until they can get in there to do any works, but nice to see the snapping up of adjacent holdings even though some have said why would they want to acquire more when they already have "the best land" .

800,000 shares at 27c plus $50k (refer to the other notice for the share price)

See how the market reacts, not sure this is enough to break 30c and sustain; will need good results from the current bulk sampling to do that.

Acquisition Terms

Summit and RTB Geologia and Mineracao Ltda (“RTB”) executed a binding Heads of Agreement
where Summit agrees to acquire and RTB agrees to sell all of the rights, title and interest in
tenement 848158/2010 for a total consideration of $50,000 in cash payment and 800,000 fully paid
ordinary shares (“Agreement”). Half of the fully paid ordinary shares (400,000) will be escrowed
for 6 months from Completion Date.

The Completion of the acquisition is conditional upon the satisfaction of the Application being
granted on or before 31 December 2024 (“Condition Precedent”). If the Condition Precedent is
not satisfied (or waived by Summit) on or before 31 December 2024, then any party may terminate
this Agreement by notice in writing to RTB, in which case the agreement constituted by this
Agreement will be at an end and both parties will be released from their obligations under this
Agreement.

The binding heads of agreement is otherwise on standard terms and conditions, including
confidentiality provisions, representations and warranties.