Summit doubles down on WA uranium

Looking to capitalise on uranium’s bull run, Summit Minerals (ASX:SUM) has reinstated its Stallion Uranium Project in Western Australia, with fresh exploration work now planned.

While Western Australia is yet to lift its general ban on uranium mining in the state, it seems Summit is hopeful that growing global calls for nuclear energy support could see this ban removed in time for Stallion to come online.

The company is putting its money where its mouth is, too, with the Summit team now working to expand its project organically through exploration and mergers and acquisitions.

Stallion hosts an inferred resource — estimated by previous owner Manhattan Corporation (ASX:MHC) back in 2017 — of 9.9 million tonnes @ 150 parts per million (ppm) triuranium octoxide for 3.3 million pounds of uranium.Summit owns 196km-square of exploration tenements in the Stallion area, and the company says it’s working to restate the project’s uranium resource. As it […]

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