Ionic wins licence in Uganda for rare earth elements mining
The date of：
2023-10-23
viewed:
2
Australian mineral exploration company Ionic Rare Earths has secured a large-scale mining licence from the Ugandan Directorate of Geological Survey and Mines (DGSM) for the Makuutu heavy rare earth project.The licence was secured by Rwenzori Rare Metals, a company in which Ionic Rare Earths owns a 51% interest, while Rare Earth Elements Africa (REEA) holds a 42% stake. Ugandan Partners holds the remaining 7% stake.Rwenzori holds a 100% stake in the Makuutu project, which covers around 298km² and includes six licences.Located 40km from Jinja and 120km from the Ugandan capital city of Kampala, the project has a geology that hosts heavy rare earth oxides (HREO). These metal oxides can be extracted using rudimentary mining and processing methods.The project is said to have a current mineral resource estimate of 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).Stage one of the mining licence covers an area set for Ionic’s mining licence that constitutes 44km² of Makuutu’s tenements covering 298km² of land.Ionic also released a positive feasibility study earlier this year and has received approval to build a demonstration plant at the project.Ionic Rare Earths managing director Tim Harrison said: “We are pleased with the announcement today that the DGSM has officially approved for granting the large-scale mining licence TN03834 over RL 1693, which now completes all regulatory approvals on the award of the mining licence for the Makuutu heavy rare earth project.“This is a vital step for Ionic Rare Earths and Rwenzori, and in mining, refining, and recycling heavy rare earths critical for the energy transition, advanced manufacturing, and defence.”Harrison added: “This announcement reinforces the Makuutu project as one of the world’s largest and most advanced development-ready heavy rare earth element assets, and we look forward to progressing the next steps and commissioning our Demonstration Plant at Makuutu.”
Hot News
/
Related to recommend
2025
-
10
-
29
Click on the number of times:
0
来源：mining.comEuropean Council President Antonio Costa said on Monday that high-level officials from China were scheduled to visit Brussels in the coming weeks to discuss Beijing’s export curbs on rare...
2025
-
10
-
28
Click on the number of times:
2
来源：mining.comMinespider and critical minerals broker Rare Earth Ventures (REV) have entered into a strategic partnership aimed at bringing traceability to rare earth and other mineral supply chains in...
2025
-
10
-
27
Click on the number of times:
3
来源 ：mining.comAustralian Strategic Materials Ltd. aims to choose a location for its planned US rare earths plant by the end of this year, capitalizing on President Donald Trump’s backing for the secto...
2025
-
10
-
27
Click on the number of times:
1
来源：mining.com More than three years after it was announced, Brazil’s Mining Policy Council has officially been installed, with a renewed focus on critical minerals and rare earths.The Brazilian govern...