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Ionic Rare Earths Ltd.
Summary
| Project: | Makuutu | |
|---|---|---|
| Deposit: | Makuutu | |
| Location: | Uganda | |
| Commodities: | REE | |
| Date: | 6/23/2020 | |
| Report Code: | JORC | |
| Report Type: | Resource Estimation | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 23-6-2020: Ionic Rare Earths Ltd. announces a Resource Estimation report for its Makuutu deposit at the Makuutu project. Updated Mineral Resource Estimate for Project. Ionic Rare Earths Limited (“IonicRE” or “The Company”) (ASX: IXR) is pleased to advise | |
| Resources: | (Resources, I+I):78.6Mt @ 840ppm TREO | |
| CP/QP: | [Resource] Daniel Saunders (Cube Consulting Pty Ltd.) | |
| ABSTRACT: | Ionic Rare Earths Limited (“IonicRE” or “The Company”) (ASX: IXR) is pleased to advise a significant 53% increase to the Makuutu Rare Earths Project reported Mineral Resource Estimate (MRE) and the initial component of Indicated Resource The initial maiden Mineral Resource Estimate announced by IXR on 10th March 2020 was reported above a cut-off grade of 500ppm TREO-Ce2O3. The cut-off was derived from comparison to published documentation from a peer project. Studies by the IXR project team on project scale, mining & processing techniques, REO extraction5,6 , operating costs and commodity pricing have been ongoing as part of the Preliminary Economic Assessment (PEA) on the Project. | |
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