Assay TV sits down with Tim Harrison, Managing Director of Ionic Rare Earths (ASX: IXR), to talk about the company’s flagship Makuutu Project in Uganda. IonicRE has completed its Phase 4 infill drilling programme and has encountered high-grade intervals, including 7.4m at 1,849 ppm TREO from 3.2m.
Tim updates us about the Makuutu basket, which comprises 44% heavy REO and 43% magnet REOs. He also discusses the company’s cooperation with Seren Technologies, using chemical extraction to recycle spent magnets to refined 99.99%+ REO quality.
Furthermore, drill results for 110 holes from the fifth tranche have just been released, showing a 100% success rate. Results from the remaining 66 holes will be returned soon, and the Mineral Resource Estimate Update will commence in Q2 this year.
Website: ionicre.com.au
Primary ticker: ASX:IXR
Stages of development: Exploration, Development
Commodity: Rare Earths – Critical & Heavy
Project to promote: Makuutu Project
Project Location: Uganda
Mining investment news, insights, and company profiles
The Assay TV – Tim Harrison, Managing Director, Ionic Rare Earths (ASX:IXR) – 7/2/2022
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