SUM 2.27% 21.5¢ summit minerals limited

Ann: Investor Webinar, page-9

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    SUM has multiple other projects:

    SUMMIT TRANSFORMATIONAL BRAZILIAN NIOBIUM, RARE EARTH & LITHIUM PORTFOLIO HIGHLIGHTS:

    •JUAZEIRINHO (Nb, REE),
    •EQUADOR (Nb, REE),
    •ARATAPIRA (REE),
    •SANTA SOUSA (REE),
    •T1/T2 (REE)
    •HERCULES NORTH & SOUTH (Li)

    Projects situated in the mining friendly and commodity-rich states of Minas Gerais & Paraiba.

    So far we have only really been talking about
    and valuing the Ecuador Project !!!!

    But people perhaps do not even realise that the other projects could be just as good !!!!
    Most probably didn't know they existed....

    The Assays in the Acquisition Announcement were:

    JUAZEIRINHO ASSAYS (Niobium & REE)
    - 355,400ppm or 35.54% (Nb2O5) + 14,080ppm PREO or 1.408% PREO (SID 099/24) - 107,010ppm or 10.7% (Nb2O5) + 142,080ppm PREO or 14.208% PREO (SID 098/24)

    EQUADOR ASSAYS (Niobium + REE)
    - 303,400ppm or 30.34% (Nb2O5) + 15,130ppm PREO or 1.513% PREO. (SID 100/24)

    So as shown above JUAZEIRINHO also has excellent Niobium Assays !!!!

    They also have the Lithium Projects that were part of the Brazilian Portfolio:

    LITHIUM PACKAGE HIGHLIGHTS

    • The lithium tenement package consists of the:

    Hercules North and the
    •Hercules South projects,
    covering 18,519.44 hectares (185.19 km2 ) across 14 licenses (granted and applications) situated in the prolific Jequitinhonha or Lithium Valley (Minas Gerais),
    where 85% of Brazil’s lithium resources are located.

    • Numerous artisanal mines exist within & near the tenement boundaries,
    where large LCT pegmatites have been identified that produced:
    beryl, aquamarine, and spodumene in economic quantities,
    as evidenced by local stockpiles from garimperios production.

    Then there's still more :

    2 Saprolite Clay Projects,
    Which have potential IAC Clay REE Deposits as well as Niobium and Tantalum.

    One is Summit’s 100%-owned Aratapira REE project in southwest Minas Gerais, Brazil.

    Between CBMM’s World-Class Niobium & ultra-high-grade hard rock REE deposit and Mosaic’s Phosphate & REE deposit

    Just 8.5Km from CBMM’s World-Class Niobium
    & ultra-high-grade hard rock REE deposit.

    The project spans parts of the Alto Paranaíba Igneous Province (APIP),
    which accounts for over 97% of Global Niobium Production.

    Summit’s 100%-owned T1-T2 REE project in Southern Minas Gerais, Brazil.

    • This discovery is in addition to the substantial Saprolite Clay system identified at Aratapira1 and the High-Grade Niobium / REE surface results at Equador & Juazerinho2 .

    • Substantially thick, well-developed saprolite clay horizons are critical elements in an Ionic Absorption Clay (IAC) deposit.

    • The significant size of the identified saprolite clay system can support a potentially large-scale Rare Earth Deposit.

    • Summit, through its established local exploration team, will carry out an aggressive Phase 1 exploration program, paving the way for a cost-effective maiden Auger Drilling program expected shortly after.

    Then there's also the Stallion Project,
    possibly even more that I have not mentioned as well.

    Point is they have far more projects than the excellent Ecuador project.

    Which have very good potential as well.

    So far it is valued on just the Ecuador project !!!!
    Last edited by $$$$$$$$: 15/07/24
 
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