SUM SIGNIFICANT SCALE DEEPLY WEATHERED SAPROLITE CLAY SYSTEM UNCOVERED AT T1 - T2 REE PROJECT
HIGHLIGHTS • Reconnaissance exploration has identified a large-scale surface Saprolite Clay System at 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
