Announcement Date: 2023-09-04
Announcement Type: Drilling Results
Announcement Code: JORC
Company name: Ionic Rare Earths Ltd.
Project name: Makuutu
Location: Uganda
Commodities: Rare Earth
Highlight: Drilling results incl. 24m at 967ppm RE from 4m
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: The Board of Ionic Rare Earths Limited (“IonicRE” or “The Company”) (ASX: IXR) advises on progress at its 60 per cent owned Makuutu Heavy Rare Earths Project (“Makuutu” or “the Project”) in Uganda. A total of 45 holes were drilled with 43 recording intervals of regolith hosted rare earth mineralisation above the 2022 Mineral Resource Estimate (MRE) cut-off grade of 200 ppm TREO-CeO2. (ASX: 3 May 2022). Table 1 lists the intersection compilations and Figure 2 shows the location of the drill results. IonicRE’s Managing Director Mr Tim Harrison said the Phase 5 RAB Tranche 1 assay results further validate the massive potential of EL00147 by having identified some of the highest-grade intervals drilled at this exploration target
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