No 1 source of global mining news and opinion
The permit was granted by the Ugandan Directorate of Geological Survey and Mines to Rwenzori Rare Metals, a company in which Ionic Rare Earths has a 51% interest but has the right to earn up to 60%, Ionic said.
Located about 40 km east of the regional centre of Jinja and 120 km east of the capital city Kampala, in eastern Uganda, the Makuutu project comprises six licences. The asset hosts heavy rare earth oxides , which are easily extracted by applying rudimentary mining and processing methods. Ionic also released a positive feasibility study earlier this year and has received approval to build a demonstration plant at the project.
Ionic Technologies International, a 100% owned UK subsidiary acquired in 2022, has developed processes for the separation and recovery of rare earths from mining ore concentrates and recycled permanent magnets. The unit is focusing on the commercialization of the technology, the miner said.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Manhunt underway as newlyweds killed on honeymoon in UgandaUganda’s President Yoweri Museveni says security forces are on the trail of an ISIS-linked rebel group blamed for the killing of two foreign newlyweds celebrating their honeymoon at a popular tourist destination in the country.
Read more »
Terrorist attack in Uganda safari claims lives of honeymooning couple, guideThe victims, identified as a Briton, a South African, and their Ugandan guide, fell victim to what authorities have termed a 'cowardly' attack.
Read more »
Uganda head says used clothing imports from 'dead people,' wants banPreviously worn apparel imports fuel a vibrant resale market in a list of African countries, but textile makers say it stifles their ability to grow.
Read more »
Honeymooners slain in ISIS-linked attack in Uganda ID'd as David Barlow and Celia GeyerISIS-linked terrorists murdered couple on safari honeymoon in Uganda: ‘Cowardly’
Read more »
Ugandan authority approves granting of a mining licence over IonicRE's Makuutu projectThe Uganda Directorate of Geological Survey and Mines (DGSM) has approved the granting of a large-scale mining licence for ASX-listed Ionic Rare Earths' (IonicRE's) Makuutu project. The Stage 1 mining licence covers about 44 km2 of the nearly 300 km2 of tenements at Makuutu.
Read more »