January 5, 2021

Makuutu Rare Earths Exploration Target Increases by 50%

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Ionic Admin Team

• The Ugandan DGSM has renewed Retention Licence RL1693 and has awarded two (2) additional Exploration Licences, EL00147 and EL00148 after the recent submission of the Makuutu Scoping Study
• Exploration Target at Makuutu increased by 50% with addition of EL00147
• Makuutu REE mineralisation corridor increased from 26km to 37km in length
• Initial EL00147 drilling program planned for Q2 2021

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