Ionic Rare Earths Mobilises Third Rig To Makuutu
ADVERTISEMENT
The Assay - Mining investment news, insights and company profiles
Mining investment news, insights and company profiles
No Result
View All Result
Subscribe
  • Home
  • News
    • All News
    • Gold
    • Silver
    • Copper
    • Nickel
    • Lithium
    • Precious Metals
    • Base Metals
    • Battery Metals
    • Exploration
    • Development
    • Production
  • Articles
  • Assay Insights
  • Videos
    • CEO Interviews
    • Investor Panels & Presentations
  • Company Profiles
  • Magazine
  • Newsletter
  • 121 Mining Investment
  • About
    • About Us
    • Our Team
    • Contact Us
    • Partners
The Assay - Mining investment news, insights and company profiles
  • Home
  • News
    • All News
    • Gold
    • Silver
    • Copper
    • Nickel
    • Lithium
    • Precious Metals
    • Base Metals
    • Battery Metals
    • Exploration
    • Development
    • Production
  • Articles
  • Assay Insights
  • Videos
    • CEO Interviews
    • Investor Panels & Presentations
  • Company Profiles
  • Magazine
  • Newsletter
  • 121 Mining Investment
  • About
    • About Us
    • Our Team
    • Contact Us
    • Partners
No Result
View All Result
Subscribe
The Assay - Mining investment news, insights and company profiles
No Result
View All Result
Home News

Ionic Rare Earths Mobilises Third Rig To Makuutu

byThe Assay
2 years ago
Reading Time: 2 mins read
Ionic Rare Earths Mobilises Third Rig To Makuutu

Largest Programme To Date Gaining Momentum In Uganda

Ionic Rare Earths Limited (ASX: IXR) has mobilised a third drill rig as part of its exploration and project development activities at its 51% owned Makuutu Rare Earths Project in Uganda.

Makuutu is one of the world’s largest scale ionic adsorption clay (IAC) hosted Rare Earth Element (REE) deposits, located 120 km east of Kampala in Uganda.

The company is focused on the completion of a Feasibility Study and supporting activities to enable the submission of a Mining Licence Application (MLA) to the Ugandan Directorate of Geological Survey and Mines (DGSM) before November 1, 2022.

Managing Director, Tim Harrison, said the aim of the Phase 4 drill programme is to convert the Inferred Resources on RL 1693 to Indicated and Measured Resource category, plus also converting RL 1693 Exploration Targets to classified resources. These higher classified resources will then be used to underpin the Makuutu Feasibility Study.

The Phase 4 programme includes 5,700 metres of drilling making this drill program the largest completed by the company to date.

 Phase 4 infill drilling has initially started near Makuutu Central Zone (MCZ) on RL 1693, specifically prioritising infill drilling to areas immediately adjacent to the existing Indicated Resource area, Central Zone East (CEZ) Inferred, CEZ Unclassified Exploration Target, Central Main Zone Inferred, plus areas F, G and H.

The zones represent the highest identified Total Rare Earth Oxide (TREO) grade Inferred and Exploration Target mineralisation at Makuutu.

On the back of the extremely encouraging Phase 3 RAB results identified immediately adjacent to existing inferred resources, additional holes have been allocated which will extend the central zone marginally to the west.

“The progress at Makuutu continues to move along at a very rapid pace,” Mr Harrison said.

“The phase 4 infill drilling programme is ahead of plan and with the third rig now on site we expect to get through the program ahead of schedule.

 “The very positive recently reported Phase 3 RAB drill results have provided strong encouragement to extend drilling in areas immediately adjacent to the Makuutu central area indicated resource area and we have moved swiftly to add that to the program.

“We have no shortage of future targets with substantial extensional upside at Makuutu however we remain ensuring we define an adequate indicated resource base to support the Feasibility Study.”

Mr Harrison also reported that the company is making excellent progress the Makuutu Feasibility Study work programme. Key consultants have been appointed to accelerate technical and commercial assessment of all key elements of the Makuutu Rare Earths Project.

For further information please visit: https://ionicre.com.au/

Tags: ASX:IXRExplorationRare EarthsUganda
TweetShareSend
Previous Post

Blackstone Board Gives Thumbs Up For Pilot Plant And Ta Khoa Refinery DFS

Next Post

Cutting Through the Complexity of ESG Disclosure

Related Posts

Beyond Lithium Continues Expansive Sampling Campaign over Multiple Projects
News

Beyond Lithium Continues Expansive Sampling Campaign over Multiple Projects

byColin Sandell-Hay, Contributor - The Assay
27 May, 2023
Blaze Fired Up About Ontario Lithium Project Acquisition
News

Blaze Fired Up About Ontario Lithium Project Acquisition

byColin Sandell-Hay, Contributor - The Assay
26 May, 2023
ZMI Acquires Western Australian REE Project
News

ZMI Acquires Western Australian REE Project

byColin Sandell-Hay, Contributor - The Assay
26 May, 2023
High-Tech Completes Successful Ground Geophysical Surveys
News

High-Tech Completes Successful Ground Geophysical Surveys

byColin Sandell-Hay, Contributor - The Assay
26 May, 2023
MTM Kicks Off Pomme REE Project Drilling
News

MTM Kicks Off Pomme REE Project Drilling

byColin Sandell-Hay, Contributor - The Assay
26 May, 2023
Nordic Confirms Extensive Pulju Nickel Sulphide System in Finland
News

Nordic Confirms Extensive Pulju Nickel Sulphide System in Finland

byColin Sandell-Hay, Contributor - The Assay
26 May, 2023
Next Post
Cutting Through the Complexity of ESG Disclosure

Cutting Through the Complexity of ESG Disclosure

Popular Articles

  • Mixed Forecasts for 2023 Copper Price Levels

    Mixed Forecasts for 2023 Copper Price Levels

    0 shares
    Share 0 Tweet 0
  • The Assay Guide to Palladium vs Platinum

    0 shares
    Share 0 Tweet 0
  • The Assay’s Guide to Manganese Mining and Production

    0 shares
    Share 0 Tweet 0
  • Newmont and Newcrest Commence Biggest Ever Gold Industry Takeover

    0 shares
    Share 0 Tweet 0
  • Chinese EVs Storm the European Market

    0 shares
    Share 0 Tweet 0
  • Home
  • News
  • Articles
  • Investor Discussions
  • CEO Interviews
  • Company Profiles
  • Newsletter
  • Magazine
  • About Us
  • Our Team
  • Contact Us
Hyve logo

Please note: This Web site and The Assay magazine and the information and materials on this Web site and in The Assay magazine are not, and should not be construed as, an offer to buy or sell, or as a solicitation of an offer to buy or sell, any regulated products, securities or investments. This Web site and The Assay Magazine do not, and should not be construed as acting to, sponsor, advocate, endorse or promote any regulated products, securities or investments. This Web site and The Assay magazine and the information and materials on this Web site and in The Assay magazine do not, and shall not be construed as, making any recommendation or providing any investment or other advice with respect to the purchase, sale or other disposition of any regulated products, securities or investments, including, without limitation, any advice to the effect that any mining or metals related transaction is appropriate or suitable for any investment objective or financial situation of a prospective investor. A decision to invest in any regulated products, securities or investments should not be made in reliance on any of the information or materials on this Web site or in The Assay magazine. Before making any investment decision, prospective investors should seek advice from appropriately qualified and licensed financial, legal, tax and accounting advisers, take into account their individual financial needs and circumstances and carefully consider the risks associated with such investment decision.

Privacy Policy
Cookies
Hong Kong Residents Privacy Statement

© 2023 The Assay

No Result
View All Result
  • Home
  • News
    • All News
    • Gold
    • Silver
    • Copper
    • Nickel
    • Lithium
    • Precious Metals
    • Base Metals
    • Battery Metals
    • Exploration
    • Development
    • Production
  • Articles
  • Assay Insights
  • Videos
    • CEO Interviews
    • Investor Panels & Presentations
  • Company Profiles
  • Magazine
  • Newsletter
  • 121 Mining Investment
  • About
    • About Us
    • Our Team
    • Contact Us
    • Partners

Please note: This Web site and The Assay magazine and the information and materials on this Web site and in The Assay magazine are not, and should not be construed as, an offer to buy or sell, or as a solicitation of an offer to buy or sell, any regulated products, securities or investments. This Web site and The Assay Magazine do not, and should not be construed as acting to, sponsor, advocate, endorse or promote any regulated products, securities or investments. This Web site and The Assay magazine and the information and materials on this Web site and in The Assay magazine do not, and shall not be construed as, making any recommendation or providing any investment or other advice with respect to the purchase, sale or other disposition of any regulated products, securities or investments, including, without limitation, any advice to the effect that any mining or metals related transaction is appropriate or suitable for any investment objective or financial situation of a prospective investor. A decision to invest in any regulated products, securities or investments should not be made in reliance on any of the information or materials on this Web site or in The Assay magazine. Before making any investment decision, prospective investors should seek advice from appropriately qualified and licensed financial, legal, tax and accounting advisers, take into account their individual financial needs and circumstances and carefully consider the risks associated with such investment decision.

Privacy Policy
Cookies
Hong Kong Residents Privacy Statement

© 2023 The Assay