Ionic Rare Earths in final stages of mining licence approval
Melbourne, Victoria
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November 30, 2023 11:45 AM Eastern Standard Time
Ionic Rare Earths Ltd (ASX:IXR, OTC:IXRRF) MD Tim Harrison tells Proactive the company has made further progress in securing land access agreements for the Makuutu Rare Earths Project in Uganda, while the verification process has been completed for the Mining Licence Application (MLA) for stage one of the project’s development. The Makuutu heavy rare earths project has the government’s full support and is set to become Uganda’s flagship mine. The project contains 71% magnet and heavy rare earths, and is one of the most advanced heavy rare earth projects globally available as a source for new supply chains emerging across Europe, the US and Asia.
The company says that the final administrative stages of the mining licence approval process are underway.
Makuutu’s basket contains 71% magnet and heavy rare earths content, and is one of the most advanced heavy rare earth projects globally available as a source for new supply chains emerging across Europe, the US, and Asia.
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