Makuutu Rare Earths Extension and Infill Drill Results

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Ionic Rare Earths Limited (“IonicRE” or “the Company”) (ASX: IXR) is pleased to provide an update on the tranche six (6) drill assays from the recently completed Phase 2 drill program at its 51% owned Makuutu Rare Earths Project (“Makuutu”) in Uganda.
Drill assay results have been received for drill holes RRMDD212 to 245, including 11 resource extension holes drilled on the Makuutu Western Zone (MWZ) exploration target areas D and E, and 23 holes drilled to infill the current Mineral Resource Estimate (MRE) area. The Mineral Resource update is due to commence upon the receipt of the final infill drill assays from 34 remaining holes, expected before the end of January.

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