Summit (ASX:SUM) moves on warm Morocco

Summit Minerals’ subsidiary, Summit Morocco, will explore a growing portfolio of tenements in Western Morocco, which are all highly promising for top-of-the-list critical mineral antimony.

The high-grade Ahmed antimony project has shown its exciting tenor with high-grade rock chips returning 61.9%, 44.5%, and 39.4% antimony, confirming the project’s prospectivity and providing immediate drill targets.

Ahmed Antimony Project, Central Morocco. Location, tenements, chip sampling on geology draped over a digital terrain model.

The project includes historical and recent artisanal mine workings, and current dual diligence has observed visible stibnite mineralisation in the exposed rock formations.

According to Summit Managing Director Jonathan King, drilling can commence immediately and continue throughout the year as the project has access to sealed and unsealed roads for exploration.

“The acquisition of the Ahmed Project provides Summit with walk-up drill targets and a significant early mover advantage with proactive mining regulation in a safe jurisdiction,” Mr King said.

“Additional to confirming high-grade antimony at Ahmed, we anticipate further opportunities through Morocco’s excellent exploration potential across various commodities.

“Outcropping mineralisation and direct shipping antimony grade returned from sampled rocks attest to the mineral prospectivity at Ahmed, which sits in a mineralised contact extending over several tens of kilometres.”

Summit will benefit from local knowledge, partnering with geological and exploration consultants, Ashgill Morocco, who will manage busy exploration schedules.

“Ashgill is a partner that can get on the ground and get the work done on demand!” King adds.

“Another benefit will be from Morocco’s new mining code, which is transparent and supportive of active exploration companies. We look forward to keeping our shareholders updated on our progress.

SUMMIT FPO [SUM]

Sector: Basic Materials

Industry: Other Industrial Metals & Mining

Employees:

Summit Minerals Limited, together with its subsidiaries, engages in the acquisition, exploration, and development of battery mineral projects in Brazil, Canada, Morocco, and Australia. It explores for niobium, partial rare earth oxide, tantalum, rare earth element, uranium, antimony, and lithium pegmatite deposits. Summit Minerals Limited was incorporated in 2021 and is headquartered in Mount Hawthorn, Australia.

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