PROJECT

Windfall Antimony Project

New South Wales, Australia

OVERVIEW

Summit Minerals Limited 100% owned Windfall Antimony Project is located near Kempsey in NSW, proximate to transport and services. Recent Project sampling has confirmed significant soil and rock geochemistry anomalies, including from Munga Creek, with each north-south trending multi-element anomaly positioned within an inferred east-west corridor that corresponds with a topographic high.

Rock chips up to 8.56% Sb and 1.05% Sb in ultrafine soils were returned from first-pass exploration across the historical workings. The central and most significant anomaly corresponds with the historical Munga Creek Mine, where the mineralisation remains open south of the workings. The positive results across Munga Creek reinforce the prospectivity and pave the way for follow-up exploration activities, including drilling (subject to access).

In addition to confirming high-grade antimony at Ahmed, Summit anticipates further opportunities through Morocco’s excellent exploration potential across various commodities. Outcropping mineralisation and the very high-grade mineralisation returned from sampled rocks at the Project attest to the mineral prospectivity at Ahmed, which sits in a mineralised contact extending over several tens of kilometres.

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PROJECT HIGHLIGHTS

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Maiden field program, including rock and soil geochemistry, confirms and extends antimony mineralisation at the historic Munga Creek Prospect, Windfall Project

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Antimony up to 8.56% in rocks and 1.05% in soils returned in the survey

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The most significant anomaly corresponds with the historical Munga Creek Mine, where the mineralisation remains open south of the workings

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Strong multielement signals promote future exploration and improve drill targeting

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Good potential to locate additional resources by exploring the extensions of known structures and veins and by locating new vein structures in the hinge areas to identified folds

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A reconnaissance drill programme will be organised as soon as practicable and subject to access

Mineralisation and Work Program

Rock chips and conventional soils were collected during general prospecting of the historical Munga Mine workings and neighbouring environments. Summit moved to standardise the exploration by utilising ultrafine soils on a 50m x 50m regular grid under the pretext of designing a drilling campaign beneath the historical Munga Creek workings. Twelve rock chips and 93 ultrafine soils were assayed.

Three north-south trending multi-element anomalies lie within an inferred east-west corridor and correspond with adjacent topographic highs. The central and most significant anomaly extends over 300m and corresponds with the historical Munga Creek Mine. The mineralisation remains open south of the workings. The mineralised trend will subjectively extend from The Young Australian, 300 m south of Munga Creek, to beyond Victoria Adit, some 500m north of Munga Creek: a length of 800m.