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“These infill results align well with expectation, given the continuity of the clay previously observed at Makuutu."
"The opportunity to build a more integrated mine to market strategy for our CREO and HREO basket becomes far more compelling.”
Mincore will work with the Ionic Rare Earths owner’s team to compile the feasibility study report.
Makuutu is amongst the world’s largest IAC deposits, and is global strategic resource for long term security of critical and HREO supply.
Uganda is to set to implement a new law that will allow would allow the government to own shares in private mining operations.
“We are pleased to have signed this MoU which will enable the Makuutu Rare Earths Project to rapidly advance activities in the near term."
"This advance in the Exploration Target to confirm Makuutu to be one of the largest ionic adsorption clay deposits outside of China."