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Morning Trading April 26, page-80

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geffa9

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26/04/24

10:39

Post #: 73519917
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Originally posted by uncleBuck ↑

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

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P & D I reckon for this one.
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