Ionic Rare Earths to Commence Resource Drilling at Makuutu

THE DRILL SERGEANT: Ionic Rare Earths (ASX: IXR) made its presence felt on Day Two of the 2021 RIU Sydney Resources Roundup by announcing the proposed next phase of drilling at the company’s 51 per cent-owned Makuutu rare earths project in Uganda.

Ionic Rare Earths explained the drill program will aim at increasing the Inferred Resources on RL 1693 to an Indicated Resource category, plus also converting RL 1693 Exploration Targets to classified resources.

The company released a Mineral Resource Estimate in March 2021 of 315 Million tonnes at 650ppm Total Rare Earth Oxide (TREO) with a cut-off grade of 200 parts per million (ppm) TREO minus Cerium Oxide (CeO2).

Drilling is planned to commence shortly, with the first rig secured.

A second rig is being organised to arrive approximately a fortnight later to expedite the initial allocation of infill drilling.