Sum summary may announcement Niobium +REE 30.34 %plus supa low...

Sum
summary may announcement Niobium +REE 30.34 %
plus supa low Soi
If assay results are half the above get set for launch
the hottest micro on Asx


MULTISPECTRAL ANALYSIS IDENTIFIES NIOBIUM TARGETS AT EQUADOR HIGHLIGHTS • Multispectral analysis targeting niobium mineralisation at Equador completed with 30 targets identified. • Fieldwork has established that the Sentinel 2 and ultraviolet spectral data sets broadly correlate to areas of identified tourmaline pegmatite. • Summit has scheduled a drone magnetic survey to commence this month to complement these findings. • Previous surface sampling results at Equador included1 : EQUADOR ASSAYS (Niobium + REE) - 303,400ppm or 30.34% (Nb2O5) + 15,130ppm PREO or 1.513% PREO. (SID 100/24) Summit Minerals Limited (ASX: SUM) (“Summit” or the “Company”) is pleased to provide an update on exploration activities related to its recently acquired Equador Nb-REE Project in northeast Brazil's Borborema Pegmatitic Province (BPP), Paraiba State. The province is one of the world’s most important sources of tantalum, rare earth elements (REEs), beryllium and produces significant quantities of gemstones. Summit engaged image processing specialist Dr Neil Pendock of Dirt Exploration to evaluate the prospectivity of the Equador Project for Niobium mineralisation via Sentinel-2 visible/near-infrared [VNIR], shortwave infrared [SWIR] and ALOS AVNIR-2 satellite imagery. REE metals have many diagnostic spectral features in the VNIR, while some important minerals (such as lepidolite, diamonds, fluorite, niobium, erbium, ytterbium, and neodymium) fluoresce, allowing for their detection1.