Long Shortz with Ionic Rare Earths: Drumming up Makuutu’s potential in Eastern Uganda
Ugandan explorer Ionic Rare Earths continues to trumpet the potential of its Makuutu project following another batch of encouraging drilling results including assays as high as 975 ppm total rare earths oxide (TREO).
Stockhead’s Sarah Hughan sits down with Ionic Rare Earths (ASX:IXR) managing director Tim Harrison to get the short end of the long story on the company’s latest announcement.
Chasing growth at Makuutu is now the name of the game as Harrison explains the latest drill holes are the first of their kind at the project’s Northwest tenement – an area that was pegged a number of years ago but only recently awarded its exploration licence.
Early drilling at the tenement has already come up in spades with results showing rare earth-bearing clays above the existing resource cutoff grade. Ongoing exploration at the project will contribute to an updated resource target earlier this year, building on Makuutu’s current 532mt @ 640 ppm TREO resource estimate.
Tune in to hear Ionic’s Tim Harrison on growing Makuutu, how the project stacks up against its peers and Ionic’s quest to diversify the world’s rare earths supply currently held under the paw of China.