Summit Minerals completed a critical review and restatement of the mineral resource estimate for the Stallion Uranium deposit.

The revised estimate revealed an inferred mineral resource of 9.5 million tonnes at 150 ppm, totalling 3.2 million pounds of U3O8.

This underscores the potential of the Stallion Uranium project, situated approximately 175 km east-northeast of Kalgoorlie, Western Australia, with Summit holding 100% of exploration tenements over 442km2.

This strategic move is anticipated to bolster the company's growth trajectory by capitalising on lower operational recovery costs linked with in situ recovery mining methods, ranging from $15 to $25 per pound of uranium oxide.