{"id":1328,"date":"2023-11-13T03:00:31","date_gmt":"2023-11-13T03:00:31","guid":{"rendered":"https:\/\/economicherald.net\/?p=1328"},"modified":"2023-11-13T03:00:31","modified_gmt":"2023-11-13T03:00:31","slug":"the-road-to-production-land-access-agreements-pave-way-for-mining-license-at-makuutu-rare-earths-project","status":"publish","type":"post","link":"https:\/\/economicherald.net\/?p=1328","title":{"rendered":"The road to production: Land access agreements pave way for mining license at Makuutu rare earths project"},"content":{"rendered":"

The Ugandan Government has approved land access for over 90% of Ionic\u2019s mining licence application (MLA) at Makuutu
\nIonic expects to secure close to 100% of the 44km2 MLA in the next ten days
\nFormal issuance of the Mining Licence can occur once land access has been verified<\/p>\n

\u00a0<\/p>\n

Special Report<\/em>: Ionic has reached a significant milestone in its development of the Makuutu rare earths project in Uganda after securing over 90% of land access agreements as part of Stage One development. <\/strong><\/p>\n

Ionic\u2019s (ASX:IXR)<\/strong><\/a>\u00a0flagship Makuutu project in Uganda, 60% owned by Ionic through local Ugandan operating entity, Rwenzori Rare Metals (RRM), is an ionic clay hosted rare earth element (REE) deposit, with mineralisation stretching 37km within the company\u2019s tenure.<\/p>\n

The project is one of the most advanced heavy rare earth projects globally with its Stage 1 DFS outlining a 35-year life initial project producing a 71% rich magnet and heavy rare earth carbonate (MREC) product basket.<\/p>\n

IXR expects to produce its first MREC from the Makuutu demonstration plant in early \u201924 to potential customers and offtakers who have shown interest in partnering with the company to secure magnet and heavy rare earth product.<\/p>\n

\u00a0<\/p>\n

Land access agreements for over 90% of full 44km2 development <\/strong><\/h2>\n

IXR has now secured land access agreements for 92% of the full 44km2 mining licence application for Stage One development.<\/p>\n

These agreements cover the Bugweri District (94% completed), Bugiri District (84% completed) and Mayuge District (90% completed).<\/p>\n

Progress across all three districts is continuing rapidly and IXR expects to secure agreements covering close to 100% of the 44 km2 MLA area in the next ten days.<\/p>\n

From here, formal issuance of the mining licence will occur.<\/p>\n

\u00a0<\/p>\n

No.1 flagship mine in Uganda <\/strong><\/h2>\n

IXR managing director Tim Harrison says Makuutu, which has the full support of the Ugandan government, is set to become the country\u2019s flagship mine and new laws in Uganda\u2019s mining sector had facilitated a conducive mineral investment climate.<\/p>\n

\u201cUganda\u2019s new mining laws and regulations offer a clear framework for mineral development in Uganda,\u201d he says.<\/p>\n

\u201cOur focus on the delivery of the Makuutu heavy rare earths project positions us to provide a secure, sustainable, and traceable supply of magnet rare earth oxides which are critical for the energy transition, advanced manufacturing and defence.\u201d<\/p>\n

\u00a0<\/p>\n\n

\ufeff<\/span>\u00a0<\/p>\n

This article was developed in collaboration with Ionic Rare Earths, a Stockhead advertiser at the time of publishing. <\/em><\/p>\n

\u00a0<\/em><\/p>\n

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.<\/em><\/p>\n

<\/span><\/p>\n

The post The road to production: Land access agreements pave way for mining license at Makuutu rare earths project<\/a> appeared first on Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

The Ugandan Government has approved land access for over 90% of Ionic\u2019s mining licence application (MLA) at Makuutu Ionic expects to secure close to 100% [more…]<\/a><\/p>\n","protected":false},"author":0,"featured_media":1329,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-1328","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"\nThe road to production: Land access agreements pave way for mining license at Makuutu rare earths project - Economic Herald<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/economicherald.net\/?p=1328\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The road to production: Land access agreements pave way for mining license at Makuutu rare earths project - 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