Restatement of Stallion Uranium Mineral Resource

Summit Minerals Limited (ASX: $SUM) has completed a review and restatement of the Stallion Uranium Mineral Resource, reporting an Inferred Mineral Resource of 9.5Mt at 150 ppm U3O8, totaling 3.2Mlb U3O8 at the 100 ppm U3O8 cutoff. The project, supported by potential economic extraction through ISR, has been restated as an initial step in delivering maiden MREs for all deposits in the Stallion Project. The resource estimate was prepared by HSC and reported in accordance with the JORC Code 2012.

Executive Commentary on Restated Mineral Resource

The board is extremely pleased with the rapid advancements in restating the Uranium Resource at Stallion. Once our additional applications are granted, we are well equipped to quickly advance exploration work to expand our resources as we look to deliver value for our shareholders.

Summary of Restated Mineral Resource and Future Plans

Summit Minerals has successfully completed the restatement of the Stallion Uranium Mineral Resource, marking the initial step in delivering maiden MREs for all deposits in the Stallion Project. The Inferred Mineral Resource of 9.5Mt at 150 ppm U3O8, totaling 3.2Mlb U3O8 at the 100 ppm U3O8 cutoff, demonstrates the company's commitment to advancing resource expansion work at the Stallion project in Western Australia. With the intention to accelerate exploration of high-priority regional targets, Summit Minerals aims to unlock previously unrealized value in its projects and deliver long-term benefits to its shareholders.