Western Ridge Resources Limited · ASX:WRX
Western Ridge Resources — Summit Minerals — Investor Presentation (July 2023)
13 slides from Western Ridge Resources's investor presentation, Jul 26, 2023
Slide 1: Developing Battery Mineral Projects for a Decarbonised Future
DEVELOPING BATTERY MINERAL PROJECTS FOR A DECARBONISED FUTURE INVESTOR PRESENTATION July 2023 ASX:SUM
Slide 2: Disclaimer & Forward Looking Statements
DISCLAIMER & FORWARD LOOKING STATEMENTS This presentation contains summary information about Summit Minerals Ltd (SUM or the Company). No distribution in the US: This presentation is not an offer of securities for sale in the United States. Any securities to be issued by the Company have not been an
Slide 3: Investment Highlights
INVESTMENT HIGHLIGHTS Strategic battery mineral projects across multiple battery metals and critical commodities • Castor Lithium Project – James Bay, Quebec, Canada • Stallion REE Project – Western Australia • Ahmed Antimony Project – Central Morocco • Phillips River Lithium Project, Ravensthorpe S
Slide 4: Summit Snapshot
SUMMIT SNAPSHOT Who we are Summit Minerals Ltd (ASX: SUM) is an ASX-listed mineral Lithium Antimony exploration company driving shareholder value by exploring for highly prospective battery minerals – Lithium, Rare Earth Elements and Antimony. Rare Earth Elements Capital Structure ASX Code SUM Share
Slide 5: Castor Lithium Project, James Bay, Quebec, Canada
CASTOR LITHIUM PROJECT JAMES BAY, QUEBEC, CANDA A Strategic Acquisition • Binding option agreement - 80% of the Castor Lithium Project • Close to major infrastructure: the all-weather James Bay Rd, 30km from the Grand River Airport and 60km from the town of Radisson • Fires lie east and south of Cas
Slide 6: Castor Lithium Project: Yasinski Lake Greenstone Belt
CASTOR LITHIUM PROJECT JAMES BAY, QUEBEC, CANDA Yasinski Lake Greenstone Belt • Covers 118km2 of the same greenstone belt which hosts lithium mineralisation at: • Q2 Metals’ Mia Lithium Project (up to 4.37% Li20) • Ophir Gold’s Radis Lithium Project (up to 2.33% Li20) • Impressive 33km strike length
Slide 7: Stallion Rare Earths (REE) Project
STALLION RARE EARTHS (REE) PROJECT Project History • 2010 drilling by Manhattan Corporation (MHC) reported notable REE enrichments • Historic assays confirm up to 2,666ppm pREO (Partial Rare Earth Oxides - CeO2+La2O3+Sc2O3+Y2O3), only accounting for 4 of the 17 rare earth elements • Samples previous
Slide 8: Stallion Rare Earths Phase 1 Drilling
STALLION RARE EARTHS PHASE 1 DRILLING Exceptional Drilling Results at Stallion • Best intercepts from the Phase 1 Drilling include: • STRC014: 23m @ 2,162.45 ppm TREO from 24m • STRC012: 15m @ 3,088.84 ppm TREO from 39m • STRC011: 17m @ 3,783.4 ppm TREO from 61m inc. 1m @ 1.52% TREO from 73m • Outli
Slide 9: Stallion Rare Earths Project: Phase 2 Drilling Early Results
STALLION RARE EARTHS PROJECT Phase 2 Drilling Early Results • Significant new, shallow mineralisation intercepted including: • 14m at 938ppm TREO (STRC026) • 5m at 1355ppm TREO (STRC028) • Assay results for 4 of the 14 holes returned, with results for ten priority holes pending and expected shortly
Slide 10: Stallion Rare Earths (REE) Setting
STALLION RARE EARTHS (REE) SETTING Key REE Groupings - Stallion Summit Drilling MHC Drilling <500 PREO 1.32% MHC Drilling >500 PREO 12.01% SUM S 23.63% 63.04% Target window CeLa NdPr DyTb Other 10
Slide 11: Ahmed High Grade Antimony Project, Morocco
AHMED HIGH GRADE ANTIMONY PROJECT MOROCCO • The acquisition provides Summit walk-up drill targets and a significant early mover advantage within a safe jurisdiction with proactive mining regulation • Outcropping mineralisation in a sheared contact extending over several tens of kilometres and direct
Slide 12: Ahmed High Grade Antimony Project, Morocco
AHMED HIGH GRADE ANTIMONY PROJECT MOROCCO A Strategic Acquisition • Acquired the high-grade Ahmed Antimony Project, including six (6) exploration licences covering 79 km2 in central Morocco • Recent assay results include 61.9%, 44.5%, and 39.4% Sb from rock chip samples, confirming prospectivity and
Slide 13: For Further Information
FOR FURTHER INFORMATION Jonathan King Exploration Manager jonathan.king@summitminerals.com.au 1300 481 355 Chloe Hayes Investor & Media Relations chloe@janemorganmanagement.com.au +61 458 619 317 13