Pulp Sample Assay Results Further Rock Chip Assays Drone...

Pulp Sample Assay Results
Further Rock Chip Assays
Drone Magnetic Survey
And LIDAR Survey are on the Way !!!!

Then Bulk Sampling for which
Permitting has been submitted.

Then the Drilling program
which will work in conjunction with the bulk sampling and lab-based separation test work
to deliver a comprehensive understanding of the base for a rapid pathway to resource definition....

It's all happening,
And happening FAST !!!!

I would expect Bulk Sampling and Drilling to begin this Quarter,
Given the pace at which SUM are moving at !!!!

ENR went up 94% to $272M MC on drill results,
It is now $333M MC

They don't have Tantalum like SUM has,
Which is even more than Niobium.

So the combined value can be 3.5 times that of just Niobium alone,
Giving SUM even more value !!!!

Not just that but SUM also has multiple other projects:

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

• Summit has entered into a binding purchase agreement to acquire 100% of:

•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 !!!!