This report* includes development activities at the 60% owned
In the December quarter, IonicRE has made substantial advancement in its project development and operational capabilities. As an emergent key player in the global rare earths market, IonicRE has not only solidified its position but also set the stage for significant growth. Significantly, subsequent to the end of the quarter, the Company was awarded a Large-Scale
The following report* outlines the critical operations, developments, and outlook as the Company moves closer to its goal of becoming an alternative supplier of magnet and heavy rare earths critical for energy transition, advanced manufacturing, and defence.
MAKUUTU HEAVY RARE EARTHS PROJECT (60% IONICRE, MOVING TO 94%)
Makuutu currently ranks amongst the world's largest and most advanced ionic adsorption clay (IAC) deposits, and as such, a globally strategic resource for near term, low capital development, and longterm security of magnet and heavy rare earth oxide (REO) supply.
*To view the full quarterly report, please visit:
https://abnnewswire.net/lnk/EY3130G9
About
Makuutu is an advanced-stage, ionic adsorption clay-hosted project highlighted by near-surface mineralisation, significant exploration upside, excellent metallurgical characteristics and access to tier-one infrastructure.
The ionic adsorption clay-hosted geology at Makuutu is similar to major rare earths projects in
Makuutu is well-supported by tier-one existing infrastructure which includes access to major highways, roads, power, water and a professional workforce.
Rare Earths will play a critical role in the future of clean energy. Rare Earths are a key ingredient in the permanent magnets found in wind turbines and electric vehicles.
IonicRE is led by an experienced and proven team, who have the capabilities to deliver Makuutu into production and realise value for all stakeholders.
Contact:
For Australian Media
Teneo
E: Nigel.Kassulke@Teneo.com
T: +61 (0) 407 904 874
For Investor Relations
E: peter@nwrcommunications.com.au
T: +61 (0) 412 036 231
For
BlytheRay
E: Tim.Blythe@BlytheRay.com
T: + (0) 20 7138 3553
For NI Media
E: Katie.Doran@LanyonGroup.com
T: +44 (0) 28 9018 3242
Copyright (C) 2024 ABN Newswire. All rights reserved., source