Primary ticker: ASX:SUM Stage of development: Exploration Primary minerals: Niobium, Rare Earths, Uranium, Lithium Project to promote: Project location: Brazil Website: www.summitminerals.com.au
Summit Minerals Limited is an Australian-focused ASX-listed battery mineral exploration Company with a portfolio of projects in demand-driven commodities. It is focused on systematically exploring and developing its projects to delineate multiple JORC-compliant resources.
Summit’s projects include the niobium, REE and lithium projects in Brazil, Castor Lithium Project in the prolific James Bay District, Quebec, Canada; the Phillips River Lithium Project in Ravensthorpe WA. Through focus, diligence and execution, the board of Summit Minerals is determined to unlock previously unrealised value in our projects.
Financials
What is your rationale for taking part in 121 Mining Investment?
Minerals brand exposure and connect with investors.
What recent news would you like to highlight to investors attending?
Equador Niobium Project
What are your key goals in 3 months, 6 months, 12 months?
3 Months:
Bulks samples, Met analysis, Drill program
6 Months:
Global Marketing discussions Continue to expand foot-print where appropriate Maintain number 1 junior Nb/Ta explorer position in Brazil
12 Months:
Fast track to MRE establishment PFS Look at Expansion
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
In country legal and accounting, with permitting, local land holder support
We have engaged a well-connected and experienced local in country manager to help gain local community engage as well apply for the various permits.
We have established a Brazilian subsidiary company, as well as expanded our in country legal, accounting and permitting team to help navigate through the various hurdles, which are showing promising signs already.
What do you think makes your company such a compelling investment?
We are the most advanced Nb/Ta ASX listed company from Australia.
We have advanced to pre drilling in less than 4 months since project acquisition and remain the front runner in this space.
We have a highly experienced management team, especially the MD and Chief Geologist who has a proven track record to exploration and development to get it done and maximize our asset values for shareholders.
What are the top 3 key investor takeaways?
Most advanced Na/Ta project in Brazil owned by an ASX company.
Fast moving project with drilling to begin within 12 months.
Low market cap in the current stage of development with huge upside potential.