Summit Minerals reported progress in its exploration activities at the Equador Niobium and Rare Earth Element Project in northwest Brazil's Borborema Pegmatitic Province.

Initial assay results revealed high-grade niobium and tantalum over a 1.2km strike length.

"The highly encouraging assays from Equador thus far have further solidified the prospectivity of the project and given us tremendous confidence to accelerate our exploration program," said Summit Minerals' Managing Director, Gower He.

Ongoing exploration includes a drone magnetic survey to create a high-resolution map of the geological structure.

The program identified new pegmatites and previously unmapped artisanal mines across the Equador Project, which are being explored further.