| 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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