Mining License Provisionally Approved at Makuutu Heavy Rare Earths Job by Ugandan DGSM

Perth, Australia (ABN Newswire) – The Board of Ionic Rare Earths Minimal ( ASX: IXR) (OTCMKTS: IXRRF) encourages on development at its 60 percent owned Makuutu Heavy Rare Earths Job (” Makuutu” or “the Job”) in Uganda.

The Business is advancing the advancement at the Makuutu Heavy Rare Earths Job through regional Ugandan operating entity Rwenzori Rare Metals Limited (” RRM”).

IonicRE’s Handling Director Mr Tim Harrison stated the Stage 5 RAB Tranche 2 assay results validated the anticipated capacity of the northwest tenement to offer extra development capacity for a much bigger Makuutu Job in years to come.

” EL00257 has actually now validated clay-hosted uncommon earth mineralisation in 21 of 26 RAB holes drilled in this program.

” The Job now relocates to metallurgical test deal with a choice of sample periods to map the capacity of this tenement and EL00147, anticipated to include considerably to the Makuutu Job advancement strategy.

” Our concentrate on the shipment of the Makuutu Heavy Rare Earths Job in Uganda positions us to offer a protected, sustainable, and traceable supply of magnet uncommon earth oxides. Together with our Belfast recycling center, Makuutu is crucial to us utilizing our innovation to speed up mining, refining, and recycling of magnets and heavy uncommon earths that are crucial for the energy shift, advanced production, and defence,” Mr Harrison stated.

The Tranche 2 outcomes are from drilling situated on Expedition Licence EL00257 (26 holes) and Retention Licence (RL) 00007 (5 holes), situated at the western end of the comprehensive licence holding at Makuutu (see Figure 1 *).

An overall of 31 rotary air blast (RAB) holes were drilled throughout EL00257 and RL00007, with 26 holes taping periods of regolith hosted uncommon earth mineralisation above the 2022 Mineral Resource Price Quote (MRE) cut-off grade of 200 ppm Overall Unusual Earth Oxide minus Cerium oxide (TREO-CeO2).

( ASX 3 Might 2022). Table 1 * notes the crossway collections and Figure 2 * reveals the area of the drill results.

EL00257 RAB Drilling

The RAB drilling on EL00257 is the very first drilling to check this tenement. The objective of the drilling was to check the endowment of uncommon earth component (REE) in the regolith and identify the degree and density of mineralisation. This drilling has actually effectively validated zones of thick REE mineralisation on the northwestern half of the licence.

Arise from the drilling (Figure 2 *) reveal the northwestern half of the location includes higher density of regolith under hardcap with substantial crossways consisting of;

– 8 metres at 975 ppm TREO from 7 metres in RRMRB117;
– 20 metres at 865 ppm TREO from 6 metres in RRMRB115;
– 20 metres at 789 ppm TREO from 4 metres in RRMRB116;
– 24 metres at 781 ppm TREO from 4 metres in RRMRB129; and
– 20 metres at 756 ppm TREO from 4 metres in RRMRB120.

This location is analyzed to be underlain by the Iganga Suite granite basement rocks, an older and various protolith from the Makuutu deposit hosted in a Karoo age sedimentary basin.

RL00007 RAB Drilling

5 (5) RAB holes (RRMRB139 to 143) checked expedition target B1 which had actually produced substantial crossways above a granite host from 2 broad spaced holes drilled in 2021 (RRMRB063 10 metres at 698 ppm TREO and RRMRB064 8 metres 512) (ASX 20 July 2021). These 2 holes were utilized to recognize expedition target B1 with a target series of 15Mt to 45Mt with a grade series of 500 ppm TREO to 700 ppm TREO (see Table 2 *).

The outcomes of these Stage 5 RAB holes have actually revealed the mineralisation to be variable in density and grade with a finest crossway in RRMRB142 of 18 metres at 612 ppm TREO from 6 metres. As an outcome, the expedition Target is not anticipated to alter.

Resource Infill Location A and B

Resource infill drilling is continuous on Mineral Resource Price Quote (MRE) locations A and B (refer Figure 2 * green points results pending, red points waiting for drilling), with the drilling created to increase resource self-confidence from presumed to suggested status. To date 103 holes (2,032 metres) have actually been drilled and it is anticipated that the program will be finished later on this month.

Expedition Target Drilling

As detailed previously, the existing Makuutu Expedition Target (ASX 1 June 2022), which is extra to the existing Makuutu MRE, suggested a variety for extra possible mineralisation at Makuutu approximated at;

216 – 535 million tonnes grading 400 – 600 ppm TREO *

* This Expedition Target is conceptual in nature however is based upon affordable premises and presumptions. There has actually been inadequate expedition to approximate a Mineral Resource and it doubts if more expedition will lead to the estimate of a Mineral Resource.

The 2021 Stage 3 RAB reconnaissance drilling project checked numerous targets in the Makuutu location and recognized clay hosted REE mineralisation within, and outside, the sedimentary basin which contains the Makuutu resource.

The success of that program permitted a modification of the Expedition Target. The modified Expedition Target was separated into target locations within the sedimentary basin, and those outside the basin with clay hosted REE mineralisation stemmed from a mix of rock types consisting of granite, granodiorite and some mafic rocks.

The Expedition Target varieties are noted in Table 2 * and areas revealed on Figure 1 *.

The objective of the expedition program in the target locations is to develop more input ahead of the next stage to advance to Presumed level resources in accordance with the standards of the JORC code.

Pending drill assays are intended to at first identify the endowment of REE in the location with the objective of producing additions to an upgraded Expedition Target following a sign extraction test work of brand-new locations.

Metallurgical Testwork

Extraction test work has actually been started to assess the financial capacity of this mineralisation drilled throughout EL00147, EL00257 and RL00007.

* To see tables and figures, please go to:

About Ionic Rare Earths Minimal:

Ionic Rare Earths Minimal ( ASX: IXR) (OTCMKTS: IXRRF) is concentrated on establishing its flagship Makuutu Rare Earths Job in Uganda into a considerable long life, low-cost, provider of high-value crucial and heavy uncommon earths.

Makuutu is an advanced-stage, ionic adsorption clay-hosted task highlighted by near-surface mineralisation, substantial expedition upside, exceptional metallurgical attributes and access to tier-one facilities.

The ionic adsorption clay-hosted geology at Makuutu resembles significant uncommon earths jobs in Southern China, which are accountable for most of international supply of low expense heavy and crucial uncommon earths, particularly the high worth magnet metals (Dysprosium and Terbium) Heavy Unusual Earths (>> 98% stemming from ionic clays). Metallurgical screening at Makuutu has actually returned exceptional healing rates, which offer numerous opportunities for a basic procedure path.

Makuutu is well-supported by tier-one existing facilities that includes access to significant highways, roadways, power, water and an expert labor force.

Unusual Earths will play an important function in the future of tidy energy. Unusual Earths are a crucial component in the long-term magnets discovered in wind turbines and electrical automobiles.

IonicRE is led by a skilled and tested group, who have the abilities to provide Makuutu into production and understand worth for all stakeholders.


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