ASX-listed battery mineral exploration company Summit Minerals Limited has received the assay results for the final 10 of the 14 holes from the second phase of exploration drilling completed at the Stallion REE prospect.
The results of the drill program found a broad area of moderately shallow, sub-horizontal rare earth mineralisation that remains open to the east, north, and south.
Furthermore, the results confirm that the mineralised zone extends north onto the company’s adjacent tenement.
The upcoming phase three drilling aims to expand the mineralised zone by venturing onto the adjacent tenement.
Summit Exploration Manager Jonathan King stated that the new results confirmed the geometry of the mineralised blanket, which has generated confidence in the company’s ability to establish a rare earth oxide resource at Stallion.
“The REO mineralisation is likely associated with an acid-soluble secondary phosphate or silicate mineral. Metallurgical testing, including mineral identification and liberation analysis, upgrading by simple beneficiation and acid leaching is underway, and the Company looks forward to potentially reporting its maiden resource once this phase of work is complete,” said King.
Phase 2 results included:
- STR023: 9m at 1664.12 ppm TREO from 58m
- STRC017: 34m at 1021.8 ppm TREO from 37m
- STRC019: 31m at 1298.37 ppm TREO from 63m
The results underline the widespread, moderately shallow, sub-horizontal nature of the rare earth mineralisation that remains open along strike and to the east.
Summit is actively progressing with mineral identification and liberation analysis.
The company is also focusing on upgrading through simple beneficiation and trialling stronger digestions.
The company is eagerly anticipating the completion of a maiden mineral resource estimate at the Stallion Rare Earth Project.
This will be finalised upon receiving the metallurgical test results and identifying the host to the rare earth minerals.
Summit already has plans in motion for another extension and infill drilling phase.