SUM 7.89% 20.5¢ summit minerals limited

Ann: Stallion Phase 2 drilling is scheduled for mid-May, page-64

  1. 8,061 Posts.
    lightbulb Created with Sketch. 1086
    Thanks for the kind words,
    Looks like SUM is on the home stretch now !!!!

    With much news-flow on the way.

    I posted this in the STT Thread but will re-post here to so SUM Holders and,
    Those interested can see it too:

    VSR has had good gains lately,
    It has very similar grades to SUM.

    VSR $21.8M MC
    ‒ 78m @ 1,001 ppm TREO (23% Magnet REO) from surface (NEORB002)
    incl: 52m @ 1,270 ppm TREO (24% Magnet REO) (from 21m)
    incl: 12m @ 3,402 ppm TREO (25% Magnet REO) (from 50m)
    with peak of: 1m @ 10,072 ppm TREO (30% Magnet REO) (from 55m)
    ‒ 40m @ 583 ppm TREO from surface (NEORC001) (21% Magnet REO)

    SUM $5M MC
    Stallion Rare Earth Element (REE) Project
    Ionic Adsorption Deposit (IAD) potential with standout drilling results, including:
    • STRC014: 23m @ 2,162.45 ppm TREO from 24m
    • STRC012: 15m @ 3,088.84 ppm TREO from 39m
    • STRC011: 17m @ 3,783.4 ppm TREO from 61m
    • inc. 1m @ 1.52% TREO from 73m (1.52% = 15,223 ppm)
    • NdPr, average of 23.63% - (NdPr is Magnet REE's)
    • The combined ratio of the highest value, critical magnet metals: NdPr, DyTb, + Sm, Gd, and Ho, averages 29.68%.

    SUM also has the potential to be an IAD Deposit,
    IAD REEs are recovered by a dilute electrolyte solution such as ammonium sulphate solution and
    precipitated by oxalic acid solution. Because the mining and recovery processes are simple and inexpensive,
    REEs are commercially produced from low-grade (typically up to 2000 ppm REE) weathered clays.

    SUM's Stallion project is different
    (Lynas, Dreadnought, Hastings, and Kingfisher are all either alkaline (phosphate) or ironstone deposits)
    putting Stallion in a different economic class.
    It is cost effective and can be mined from far lower grades.

    Newsflow on the way with:
    Drilling
    Rock Chip and Soils
    Leach test results
    All expected shortly.

    It is also Cashed up with $3M Cash !!!!

    With a $5M MC and Peers with far higher Market Caps, +
    Newsflow on the Way
    SUM is undervalued compared to its Peers
    And has a lot of Potential Gains.

    It is also near:
    PLS $14.36 Billion MC
    MIN $14.2 Billion MC
    AKE $9.4 Billion MC and
    Talisons estimated $50 Billion MC?

    This leaves a lot of potential upside for SUM !!!!
    Last edited by $$$$$$$$: 18/05/23
 
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