SUM................................MC $5 Million
Tianqi Lithium............... MC $33 Billion
IGO .................................MC $11 Billion
Albermarle..................... MC $46.63 Billion
It is also near AKE and its Mt Cattlin Lithium Mine:
"With High-resolution aeromagnetic survey underway at Phillips River Li Project."
From their Ann:
High-resolution aeromagnetic survey commences at Phillips River Lithium Project
• Survey will assist future drill targeting of critical mineralising structures for lithium,
rare earth elements, and copper-gold mineralisation.
• Survey will cover approximately 6km x 11km, flying on 50m line spacing for 1,387 total line kilometres.
• Program duration of 3 days with results available for review, mid-February 2023.
• Drill results from the Stallion REE project anticipated this quarter.
• Ultrafine soil sampling around the historical Munga Creek Mine at Summit’s Windfall Antimony Project
is now complete, with results anticipated in late March.
The Phillips River Project is Located:
20KM SW of $AKE's Mt Cattlin Mine
Which shipped 15,702 DMT of Spodumene this Quarter.
SUM ......$5 Million MC
AKE......$8.37 Billion MC
It is already drilling at it's Stallion Project:
Historical assays show grades up to 2,666ppm (0.26%) in only four of the 17 rare earth elements.
The remaining 13 rare earth elements, including the high demand HREEs, were not assayed.
"Validation of the historical REE results, complemented by the analysis of the additional 13 oxides,
will define the project’s prospectivity and scale and
should provide the Company with early momentum moving into the New Year.
We look forward to updating shareholders with the results as they are received in early 2023.”
SUM has a Low MC compared to Peers, of Just $5Million,
With $3.4M Cash
Has Projects next to Proven Resources and Lithium Mines,
One being the Biggest Lithium Mine in the World.
With many High MC Neighbours with Market Caps in the Billions,
SUM has a lot of potential upside !!!!
