re: june 30 quarterly report
June 30 quarterly report http://sa.iguana2.com/cache/2e5e56bee5215b271bcbd05b66226373/ASX-SMM-329952.pdf
Extract: Uranium exploration and drilling continues on our Mount Isa tenements where the Company controls over 70 million pounds of reported measured, indicated and inferred uranium oxide resources in three deposits.
In addition to these resources, Summit is drilling a number of nearby uranium deposits that have potential to expand this resource base. The six 100% owned, and two 50% owned and managed, uranium deposits and targets now being drilled by Summit at Mount Isa are all uranium bearing iron oxide copper gold (“IOCG”) style hematite breccias. In the June quarter drill results have been reported from the Mirrioola, Bikini, Tjilpa and Skal deposits.
Summit is yet to commence exploration and drilling on a further fifteen known uranium mineralised prospects within its Mount Isa Uranium Project area north of Mount Isa".
SMM Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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