Ionic Rare Earths Limited (ASX: IXR) has revised and increased the exploration target for the Makuutu Heavy Rare Earths Project, Uganda.
The updated overall Makuutu exploration target has been modifed upwards to 285-766Mt grading 400-700ppm TREO.
This target has been increased from the 2022 target based on the Phase 5 RAB drilling completed on exploration licence EL00147 and EL00257 during 2023.
The maiden RAB drilling programme in 2023 on EL00257 was broad spaced with the aim of identifying the presence and tenor of rare earth mineralization in the regolith above underlying fresh rock in laterite plateau areas. Following the company’s assessment of the material type and multi-element analytical data, the exploration target was therefore updated.
The reviewed exploration target is separated into target areas within the sedimentary basin, and those outside the basin in a mixture of weathered rock types including granite, granodiorite, and some mafic rocks.
In addition, an exploration programme designed to evaluate these targets for resource development, including drilling and processing test work, will be compiled during 2024 to inform the company on work streams to advance exploration licences toward further evaluation.
To find out more, please visit www.ionicre.com
To read mores articles like this, please visit www.theassay.com/news
