ASX-listed Ionic Rare Earths has welcomed advice that the Ugandan government has approved and gazetted its updated Mining And Minerals (Licencing) Regulations 2023. Ionic says this as an important precursor to the granting of a mining licence for its 60%-owned Makuutu heavy rare earths project, in Uganda.
ASX-listed Ionic Rare Earths has welcomed advice that the Ugandan government has approved and gazetted its updated Mining and Minerals Regulations 2023.
“With this milestone, the company can now finalise the mining licence application fee payment, which is the final item required in Uganda and clears the path to expedite the award of the mining licence at Makuutu,” says MDThe company recently announced progress on the demonstration plant at Makuutu, as well as on the Phase 5 drill programme, which continues on target, with 79 holes completed currently focusing on upgrading the confidence of the existing mineral resource estimate on RL00007.
“Along with our Belfast recycling facility [in Ireland], the Makuutu project is key to us harnessing our technology to accelerate our mining, refining and recycling of magnets and heavy rare earths which are critical for the energy transition, advanced manufacturing and defence,” Harrison acclaims.
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