Summit secures crucial strategic land at the Equador Niobium project

Summit Minerals Limited (ASX: SUM) is excited to announce the acquisition of six new tenements in Brazil’s Paraiba and Rio Norte States, expanding its holdings by 1,555 hectares. A key acquisition, tenement 848283/1999 (Equador North), adjoins Summit's Equador Niobium and Tantalum Project, indicating a likely geological continuation of the existing site. The settlement for the new tenements is expected in October 2024, with exploration efforts to begin immediately afterward. LiDAR surveys for the Equador Project have been completed, and magnetic surveys are set to commence this month. Drilling permits are progressing well, targeting areas based on recent exploration results. Summit aims to expedite an initial drilling program to assess the quality of the Equador Project, funded through its latest capital raise.

Customer Notice:

Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.

Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com