Summit Minerals (ASX: SUM) has completed a successful multispectral analysis at its Equador project, identifying 30 priority targets prospective for niobium mineralisation.

Led by Dr Neil Pendock of Dirt Exploration, the analysis used Sentinel-2 satellite imagery to map spectral signatures indicative of niobium mineralisation.

The targets, strategically located across the project area, correlate closely with historical data, marking a significant step in Summit Minerals’ exploration efforts.

The analysis revealed multiple high-priority targets, with ground-truthing confirming a strong correlation between spectral data and tourmaline pegmatite occurrences.

An upcoming drone magnetic survey will further refine these targets, supporting an efficient drilling campaign later in the year.

The Equador region is globally recognised for its rich deposits of niobium and rare earth elements. Initial assays confirm the potential for significant niobium mineralisation, further emphasising the strategic importance of the project.

Summit’s Managing Director, Gower He, expressed optimism about the Equador Project’s potential, stating: “The Equador Project is already showing its potential, with the identification of several pegmatite bodies and many historical workings where tantalite and niobium have been found.”

Summit Minerals Limited is focused on exploring and developing its projects to delineate multiple JORC-compliant resources.

Their projects include niobium, rare earth elements, and lithium projects in Brazil, as well as projects in Quebec, Canada, and Western Australia.

Through focus, diligence, and execution, Summit Minerals aims to unlock previously unrealised value in its projects.