Summit Minerals Limited (SUM.AX)
Summit Minerals Limited operates in the Industrial Materials industry of the Basic Materials sector, headquartered in Mount Hawthorn, WA, AU. The stock last traded at $0.04, up 0.00% on the session, giving a market capitalisation of $3.4M. Its beta of -0.85 implies it has historically moved less than the broad market.
Summit Minerals Limited is an Australian entity dedicated to the acquisition, exploration, and subsequent development of mineral assets critical for battery production. The company's primary focus lies in prospecting for uranium, gold, antimony, and pegmatite lithium deposits across Australia. Summit maintains full ownership of multiple projects. These include the Stallion Rare Earth Element (REE) uranium project, an 18-square-kilometer exploration tenement situated in southeastern Western Australia. In northeastern New South Wales, the Windfall Antimony project covers 234 square kilometers across a single exploration lease. Furthermore, Summit possesses an extensive portfolio in Western Australia, encompassing the Phillips River Lithium project (42.6 sq km across two granted tenements), the Northern Lithium REE project (78 sq km over two granted tenements), and the Bridgetown Lithium project, which comprises two granted exploration tenements located both north and south of the town of Bridgetown. The company was established in 2021 and its corporate headquarters are located in Mount Hawthorn, Australia.
Summit Minerals Limited is most often compared with the following Basic Materials names: