ASX-listed mineral exploration company Ionic Rare Earths has secured 92% of land access agreements for the mining licence application (MLA) for stage one development of its Makuutu rare earths project in Uganda.
The application pertains to the stage one development of the project over retention licence (RL) 1693, application TN03834, through its Ugandan subsidiary Rwenzori Rare Metals (RRM).
RRM holds a 100% stake in the Makuutu project that covers 298km² and comprises six licences. It is located 40km from Jinja and 120km from the capital city of Kampala.
An important characteristic of the project is its geology. which is similar to the southern China ionic clay-type deposits, a source of heavy rare earth oxides (HREO).
These can be extracted using rudimentary mining and processing methods.
It is claimed that the project’s current mineral resource estimate is 532 million tonnes at 640ppm total rare earth oxides (TREO), with a cut-off grade of 200ppm total rare earth oxides minus cerium (TREO-CeO₂).
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