SUM 13.6% 19.0¢ summit minerals limited

I am thinking similar, that the Auger is to test the sands, To...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 8,379 Posts.
    lightbulb Created with Sketch. 1180
    I am thinking similar, that the Auger is to test the sands,
    To see what sort of grades of Niobium and Tantalum it has.

    Probably to see how much Niobium and Tantalum is washed into the sands over time,
    As that would be over a very large area,
    Which would be easy to process as it is already a fine material
    that does not have to be crushed etc.

    Even combined grades of 1% would be good for the sands,
    As if that's around half Tantalum even 0.5% of each
    is worth around 4 times more than 1% Niobium.

    I do also hope they did bulk sample some of the darker stuff,
    And did follow the Columbite / Tantalite,
    And see what the high grade bulk samples are like as well.
    Which one can do as from surface.

    Eg. They can chase the seams of Tantalum and Niobium and do not have to dig a huge pit,
    As they would have to if it were an Open Pit from depth.

    Anyhow hopefully they got the jackhammers out,
    Or even just used a pick or whatever,
    And got into some of those darker rocks and material to see what grades they contain as well. As really there is so much there it would keep SUM busy for a long time !!!!
 
watchlist Created with Sketch. Add SUM (ASX) to my watchlist
(20min delay)
Last
19.0¢
Change
-0.030(13.6%)
Mkt cap ! $16.11M
Open High Low Value Volume
21.5¢ 22.0¢ 19.0¢ $117.0K 588.7K

Buyers (Bids)

No. Vol. Price($)
5 116696 19.0¢
 

Sellers (Offers)

Price($) Vol. No.
19.5¢ 48000 1
View Market Depth
Last trade - 16.10pm 08/10/2024 (20 minute delay) ?
SUM (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.