How Does Higher-Grade Rare Earth Intersections Mean for Ionic Rare Earths Makuutu Project?

Ionic Rare Earths Limited: Makuutu Phase 5 Infill Tranche 1 Unveils Promising Results Extending Mineral Potential

56 Infill Core Drill Holes Reveal Thicker and Higher-Grade Rare Earth Intersections

Clay-hosted rare earths intersected in 53 of 56 drill holes, showcasing exceptional potential.

In a groundbreaking development, Ionic Rare Earths Limited ("IonicRE" or "the Company") (ASX: IXR) has released the initial drill results from Phase 5 of its resource infill and extension drilling at the Makuutu Heavy Rare Earths Project in Uganda. These findings hold tremendous promise for the future development and global supply chains emerging across Europe, the US, and Asia.

Extending the Reach Westward: Mineralization Spanning 1. 8 Kilometers

Expansion of mineralization reveals new opportunities for the Makuutu Project.

The resource extension drilling conducted has revealed that the mineralization extends at least 1. 8 kilometers westward from the current mineral resource limit, situated on Retention Licence (RL) 00007.

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This exciting discovery opens up fresh avenues for exploration and positions the Makuutu Project as one of the most advanced heavy rare earth ventures globally.

Thicker and Higher-Grade Intersections Redefine Expectations

Infill drilling surpasses previous wide spaced drilling, setting new benchmarks.

The recent infill drilling campaign has yielded results that are both thicker and higher-grade than those obtained in previous wide spaced drilling efforts. Exceptional intersections have been achieved, validating the potential of the Makuutu Project. These impressive results solidify the Makuutu Project's standing as a valuable resource in the rare earth market.

Analysis Underway: Remaining 72 Holes Await Assay Results

Ongoing analysis of the remaining drill holes will offer further insights into the project's potential.

As the Makuutu Project enters another phase of progress, the samples from the remaining 72 drill holes are being meticulously analyzed or are currently in transit from Uganda to the assay laboratory. These pending results will provide additional crucial data as IonicRE and Rwenzori Rare Metals Limited (RRM), the local operating entity, continue to advance the development of the Makuutu Heavy Rare Earths Project.

A Prime Prospect for Global Supply Chains

Makuutu's rich mineral composition makes it an essential source for emerging supply chains.

With a basket comprising 71% magnet and heavy rare earths content, the Makuutu Project has become an invaluable asset for emerging supply chains across Europe, the US, and Asia. The project's strategic location and the remarkable quality of its rare earths ensure a steady supply of these essential materials as demand continues to rise in various industries.

As Ionic Rare Earths Limited successfully navigates the Makuutu Phase 5 Infill Tranche 1, the future appears promising for the Company and its quest to establish a robust and sustainable supply solution for the global rare earths market.

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