Ionic Rare Earths Limited (AU:IXR) has released an update.
Ionic Rare Earths Limited reports a significant increase in their Makuutu Mineral Resource Estimate, with a 28% growth in indicated resources and a 16% rise in total resources, including approximately 126,000 tonnes of magnet Rare Earth Oxides and 99,000 tonnes of heavy Rare Earth Oxides. The update showcases Makuutu’s potential as a long-life alternative source for strategic raw materials vital for the energy transition and various industries. The company is also advancing in its ownership stake, aiming to acquire an additional 34% interest, potentially reaching 94% ownership upon completion of the transaction.
For further insights into AU:IXR stock, check out TipRanks’ Stock Analysis page.
