Ionic Rare Earths Limited
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Why DRA Global Has Been Appointed to Support Makuutu as It Advances to Development?
The Board of Ionic Rare Earths Limited has announced the appointment of DRA Global to support the development of the Makuutu Heavy Rare Earths Project in Uganda. DRA Global, an international engineering and project management group, will review Makuutu's Definitive Feasibility Study (DFS) and identify opportunities for cost efficiencies, time savings, and scalability. This partnership aims to optimize the value of the Makuutu Demonstration Plant program and facilitate the project's Final Investment Decision (FID).
What Is Makuutu and Why Is This Appointment Significant?
Makuutu is a highly promising project that holds one of the world's largest and most advanced development-ready deposits of ionic adsorption clay heavy rare earth elements. This project is crucial for Ionic Rare Earths Limited, as it aims to provide a secure and sustainable supply of magnet rare earth oxides, which are vital for the energy transition, advanced manufacturing, and defense industries. The appointment of DRA Global signifies a significant milestone in the advancement of the Makuutu project.
Who Is DRA Global and What Expertise Do They Bring?
DRA Global is a renowned international engineering and project management group with extensive experience in the mining, minerals, and metals industry.
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Having worked in Africa for nearly four decades, DRA Global has a strong track record in various commodities and deep expertise in mining, minerals processing, and related infrastructure solutions. Their team, based in South Africa, will closely collaborate with Ionic Rare Earths' Chief Operating Officer, Dr. Tommie van der Walt, who has previously worked with DRA Global on successful African projects.
What Will DRA Global's Role Be?
DRA Global will focus on optimizing the design and operations of the mining pit, conducting a detailed review of the Stage One DFS, and analyzing Phase Two of the Demonstration Plant. Their objective is to identify opportunities to enhance the overall project and ensure the Class Two estimate accuracy. This will involve reviewing historical study documentation and test results, process engineering documentation, and proposing trade-off and optimization studies for future phases. DRA Global will also participate in hazard and operability studies, assess materials handling approaches, review mining operations, and evaluate project support infrastructure.
What's Next for Makuutu and DRA Global?
Following the assessment of the Demonstration Plant and DFS, DRA Global will provide an in-depth review of the proposed mining philosophy, mining operations, and mine design for the Makuutu Project. Their expertise will help further enhance the project and move it closer to the Final Investment Decision.
In summary, DRA Global's appointment adds significant expertise and support to the Makuutu Heavy Rare Earths Project in Uganda. With their extensive experience and collaborative approach, DRA Global will review and optimize key aspects of the project, helping to advance its development and ensure a sustainable supply of magnet rare earth oxides.
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