Summit Minerals Limited announced the expansion of its Stallion REE Project title by 720% with the grant of title E28/3241. The land area under direct control by the company increases from 19.86 km2 to 162.19 km2. It captures the full extent of two confining "hot granites" thought to represent the source for the REE mineralisation at Stallion.

Recent drilling by SUM on the adjacent tenement includes the following standout results1: 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. The intercepted mineralisation likely extends west and shallows coming into the new tenement. Further potential REE mineralisation lies west of Ponton Creek but north of E28/2999.

The targeted position is supported by elevated Partial Rare Earth Oxide (PREO) numbers within the historical Manhattan drilling database, which occur predominantly on the western and eastern flanks of the palaeochannel, presumably in the weathered regolith developed in granite. The calculated PREO values include cerium + lanthanum + scandium + yttrium. An Inferred Resource of 3.3Mlb U3O8 (MHC ASX release 23/01/2017) lies within the new tenement.