(NewsDirect)
Ionic Rare EarthsLtd (ASX:IXR) managing director Tim Harrison joins Proactive’sJonathan Jackson to discuss significant updates from the Makuutu HeavyRare Earths Project in Uganda. Harrison gives insight into the revisedand increased conceptual exploration target for Makuutu, explainingthe implications of these new figures for IonicRE and theproject's potential impact. The target has increased by 40% to285-766 million tonnes grading 400-700 ppm total rare earth oxides(TREO). Harrison outlines the work and research that contributed tothe increase and talks about how the company is securing more than 90%interest in the project, marking a pivotal step in the company'sdevelopment efforts. Finally, he discusses the significance of Makuutubeing the most advanced ionic adsorption clay project in developmenttoday, including its role in the global supply chain and itsimportance for future rare earths demand and he looks at news anddevelopments to come in the coming weeks and months.
The company isprogressing the development at the Makuutu Heavy Rare Earths Projectthrough local Ugandan operating entity Rwenzori Rare Metals Limited(RRM). IonicRE has agreed terms with partners in RRM on moving to 94%ownership which is expected to occur in the first half of thisyear.
ContactDetails
Proactive Investors
JonathanJackson
+61 413 713 744
jonathan@proactiveinvestors.com
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