Ionic Rare Earths Limited (ASX: IXR) has announced that construction is progressing at the Makuutu Demonstration Plant.
At the Makuutu Demonstration Plant Technical Facility, civils have been completed along with the installation of the technical facility steel frame structure, with concrete slabs also poured for the agglomerator and heap desorption crib areas.
IonicRE managing director, Mr. Tim Harrison, said, “The progress allows IonicRE and RRM to harness our processing innovations to accelerate and validate mine development with a clear process plan to production and profitability.”
Boundary fence installation and the upgraded site access road have also progressed towards completion. The technical facility schedule for completion has been revised and is now expected to be finalized in November, with a target to commence heap desorption column test work by the end of 2023.
The Technical Facility will aim to further optimize metallurgical test work and provide further technical validation basis for grade control, mine design, material handling, metallurgical reconciliation, and construction activity whilst also supporting project financing and strategic partner activity.
“This Demonstration Plant at Makuutu is a key milestone for the supply chain engagement with product to be produced here likely to go off to potential partners in early 2024. It is a globally strategic resource for near-term development and long-term security of magnet and heavy rare earth oxide (HREO) supply.” Said Mr. Harrison.
To find out more, please visit www.ionicre.com.au
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