Developing Secure, Long-Life, Magnet and Heavy Rare Earths Supply through Mining, Refining, and Recycling
Latest Featured Articles
The Assay Weekly Roundup: 16 March to 22 March
23 March, 2023
Ionic Rare Earths Unveils Positive Makuutu DFS
20 March, 2023
For Rare Earths It’s All About the Magnets
28 February, 2023
The Assay TV – Tim Harrison, Managing Director, Ionic Rare Earths (ASX:IXR) – 15/2/2023
15 February, 2023
Ionic Rare Earths Updates US Downstream Strategy
2 February, 2023
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Stock Code:
ASX: IXR
Company Exposure:
Rare Earths
Project Location:
Uganda
Ionic Rare Earths Limited (IonicRE) is focused on developing its flagship Makuutu Rare Earths Project (Makuutu) in Uganda into a significant long-life, low-cost, supplier of high-value magnet and heavy rare earths. Makuutu is an advanced-stage, ionic adsorption clay-hosted project highlighted by near-surface mineralization, significant exploration upside, proven ionic metallurgical characteristics and access to tier-one infrastructure. IonicTech is the Company’s 100% owned magnet recycling subsidiary based in Belfast UK, and will begin demonstration plant processing of recycled magnets in H1 2023 via a patented hydrometallurgical process.
The Makuutu Rare Earths Project
Uniquely Balanced Basket with 73% Magnet and Heavy Rare Earths
- Makuutu is unique and receiving global interest due to high quality balanced (magnet + HREO) basket which is free of environmentally challenging radionuclides (including uranium and thorium)
- Makuutu is already touted as one of the largest Ionic Adsorption Clay (IAC) deposits outside of China
- JORC MRE of 532Mt at 640ppm TREO, including Indicated Resource at Makuutu Central (RL 1693) of 259Mt at 740ppm TREO to support mining lease application expected to be finalized in Q1 2023
- The project is strategically important for IonicRE – offering pre-emptive rights on remaining 40% of the project (51% IonicRE ownership moves to 60% on submission of MLA (Q1 2023)
- Environmental and social impact assessment approval received from Ugandan regulators in October 2022
- Discussions continue with groups looking to secure long term magnet + heavy REO supply, and potential feed to standalone IonicRE rare earth refinery potentially located in the US
- Highly prospective licence EL00147 tested via RAB drilling in 2021 with assays confirming clay hosted REE mineralization present
- Exploration target indicating potential to double at EL00147 and EL00257
- Existing local tier-one infrastructure supports low CAPEX development
Full Company Profile
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Videos
The Assay TV – Tim Harrison, Managing Director, Ionic Rare Earths (ASX:IXR) – 15/2/2023
The Assay TV – Tim Harrison, Managing Director, Ionic Rare Earths (ASX:IXR) – 15/2/2023
The Assay TV
