Ionic Rare Earths Commences Phase 4 Infill Drilling at Makuutu

THE DRILL SERGEANT: Ionic Rare Earths (ASX: IXR) has commenced a Phase 4 drill program at the company’s 51 per cent-owned Makuutu rare earths project in Uganda.

Ionic Rare Earths indicated the drill program will aim at converting a healthy portion of the current Inferred Resources on RL 1693 to an Indicated Resource classification, plus also converting RL 1693 Exploration Targets to classified resources.

The company reported a Mineral Resource Estimate (MRE) in March of 315 million tonnes at 650 parts per million (ppm) total rare earth oxide (TREO) with a cut-off grade of 200 ppm TREO minus cerium oxide.

Ionic also recently announced a Rare Earths Scoping Study for Makuutu that was primarily supported by the Indicated Resource, which reflected some 27 per cent of the total MRE.

The infill drill program is to be carried out primarily to increase the Indicated Resource base to support future studies at Makuutu, including a Feasibility Study.

“We are glad to have resumed core drilling at Makuutu,” Ionic Rare Earths managing director Tim Harrison said in the company’s ASX announcement.

“We have ambitious plans for next six months, and with a second rig due to arrive on site in coming days, we expect to complete a substantial amount of core drilling during this Phase 4 program.

“The plan is to work towards converting the majority of the higher grade Inferred Resource base at RL 1693 to Indicated Resources over the second half of 2021.

“Additionally, we are working on the required drilling to define a measured resource base at RL 1693, and to help deliver this, a third drill rig is being coordinated to arrive at site in the second half of July.”