{"id":1250,"date":"2023-11-10T03:12:53","date_gmt":"2023-11-10T03:12:53","guid":{"rendered":"https:\/\/economicherald.net\/?p=1250"},"modified":"2023-11-10T03:12:53","modified_gmt":"2023-11-10T03:12:53","slug":"ionic-rare-earths-is-on-the-cusp-of-joining-a-very-exclusive-producers-club","status":"publish","type":"post","link":"https:\/\/economicherald.net\/?p=1250","title":{"rendered":"Ionic Rare Earths is on the cusp of joining a very exclusive producers\u2019 club"},"content":{"rendered":"<p>Construction of Ionic Rare Earths\u2019 technical facility at the Makuutu Demonstration Plant in Uganda nears completion<br \/>\nIonic Rare Earths will have mixed rare earth carbonate (MREC) from Makuutu ready for new supply chains emerging across Europe, US and Asia in Q1 2024<br \/>\nMakuutu MREC will be sent to potential customers and offtakers for qualification testing early 2024<br \/>\nAward of mining licence expected shortly<br \/>\nDRA Global undertaking review of Stage 1 DFS<\/p>\n<p>\u00a0<\/p>\n<p><strong><em>Special Report<\/em>: Ionic Rare Earths will join the very exclusive MREC producers\u2019 club early next year as the construction of the technical facility nears completion at the Makuutu Demonstration Plant in Uganda.<\/strong><\/p>\n<p>In what will be a major milestone for both the Company and Project, <a href=\"https:\/\/stockhead.com.au\/company\/ionic-rare-earths-ixr\/\">Ionic Rare Earths (ASX: IXR)<\/a> expects to produce first mixed rare earth carbonate MREC from the Makuutu Demonstration Plant early in Q1 2024.<\/p>\n<p>The technical facility at the Makuutu Demonstration Plant will allow magnet and heavy rare earth product to be sent to potential customers and offtakers for testing. Several third parties have expressed interest in partnering with IXR once Makuutu becomes an operational mine.<\/p>\n<p>IXR also expects to be awarded a mining licence for Makuutu imminently.<\/p>\n<p>Makuutu \u2013 60% owned by IXR through its Ugandan operating entity Rwenzori Rare Metals (RRM) \u2013 is one of the most advanced, ionic adsorption clay hosted heavy rare earths projects globally.<\/p>\n<p>The Stage 1 DFS supports production of Makuutu\u2019s high value 71% rich MREC product basket over an initial 35-year project life. The Demonstration Plant is located within the first of IXRs six tenements in Uganda.<\/p>\n<p>\u00a0<\/p>\n<h2><strong>Plant construction progressing to schedule<\/strong><\/h2>\n<p>IXR will also use the Demonstration Plant to further optimise metallurgical test work and provide technical validation for the detailed review of the Stage 1 DFS being undertaken by DRA Global.<\/p>\n<p>Process commissioning will begin once construction of the technical facility at the Makuutu Demonstration Plant is completed. Some equipment is still in transit from Australia with the first of two deliveries expected to arrive this month.<\/p>\n<p>IXR is confident the technical facility and laboratories will be fitted out before the end of this calendar year.<\/p>\n<p>Grade control drilling on one of two identified test pit locations is progressing well and also likely to be finalised this month.<\/p>\n<p>\u00a0<\/p>\n<h2><strong>Makuutu to play big role in global supply chains<\/strong><\/h2>\n<p>Following a recent site visit, IXR Managing Director Tim Harrison has no doubt the Demonstration Plant will be producing MREC early next year.<\/p>\n<p>\u201cThis technical facility at the Makuutu Demonstration Plant is a key milestone for the supply chain engagement with product to be produced here likely to be sent to potential offtakers in early 2024,\u201d he said.<\/p>\n<p>\u201cMakuutu is a globally strategic resource for near-term development and long-term security of magnet and heavy rare earth oxide supply.<\/p>\n<p>\u201cOur focus on the delivery of the Makuutu Heavy Rare Earths Project in Uganda positions us to provide a secure, sustainable and traceable supply of magnet rare earth oxides.<\/p>\n<p>\u201cAlong with our Ionic Technologies Belfast recycling facility, Makuutu is key to us harnessing our technology to accelerate mining, refining and recycling of magnet and heavy rare earths that are critical for the energy transition, advanced manufacturing and defence.\u201d<\/p>\n<p>\u00a0<\/p>\n\n<p><span class=\"mce_SELRES_start\">\ufeff<\/span>\u00a0<\/p>\n<p><em>This article was developed in collaboration with Ionic Rare Earths, a Stockhead advertiser at the time of publishing.<\/em><\/p>\n<p><em>This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.<\/em><\/p>\n<p><span class=\"et_bloom_bottom_trigger\"><\/span><\/p>\n<p>The post <a href=\"https:\/\/stockhead.com.au\/resources\/ionic-rare-earths-is-on-the-cusp-of-joining-a-very-exclusive-producers-club\/\">Ionic Rare Earths is on the cusp of joining a very exclusive producers\u2019 club<\/a> appeared first on <a href=\"https:\/\/stockhead.com.au\/\">Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>Construction of Ionic Rare Earths\u2019 technical facility at the Makuutu Demonstration Plant in Uganda nears completion Ionic Rare Earths will have mixed rare earth carbonate <a href=\"https:\/\/economicherald.net\/?p=1250\" class=\"read-more-link\">[more&#8230;]<\/a><\/p>\n","protected":false},"author":0,"featured_media":1251,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-1250","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - 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