IonicRE signs MOU with CHINALCO

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• Ionic Rare Earths signs milestone non-binding MOU with global rare earth giant Chinalco
• Chinalco is the world’s largest rare earth miner and separator by market capitalisation
• The parties to cooperate to accelerate mine development and production of the Makuutu Rare Earth Project including potential off take agreements and Project funding
• Attracting Chinalco is a significant endorsement of the Makuutu Project as a globally strategic long-life supply of critical and heavy rare earths
• Scoping Study outlining preliminary economics for Makuutu due for release mid-April

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