Ionic Rare Earths (ASX:IXR, or "IonicRE") is pleased to announce the results of assays for Tranche Six (6) of the 8,220 metre Phase 4 drill program completed in October 2021 at the Makuutu Rare Earths Project (“Makuutu” or “the Project”) in Uganda.


Highlights:

  • Sixth and final Tranche of Phase 4 drilling results received with all 66 holes intersecting rare earth element (REE) mineralised clay above the Mineral Resource Estimate (MRE) cut-off grade, including the following outstanding near surface, thick REE grade bearing intervals:
    • RRMDD702 5.7 metres at 1,102 ppm TREO from 2.3 metres
    • RRMDD691 6.7 metres at 767 ppm TREO from 5.6 metres
    • RRMDD705 17.0 metres at 637 ppm TREO from 4.4 metres
    • RRMDD647 14.7 metres at 600 ppm TREO from 5.7 metres
    • RRMDD667 12.4 metres at 595 ppm TREO from 4.7 metres
  • This completes an outstanding Phase 4 drill program with all 432 holes drilled delivering results confirming REE bearing clays above the current MRE cut-off grade
  • The 100% success rate of Phase 4 drill program will now feed into the MRE update, which has commenced with expected delivery in Q2 2022

Click here for the full ASX Release

This article includes content from Ionic Rare Earths, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

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