Australian (ASX) Stock Market Forum

IXR - Ionic Rare Earths

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with all the hoopla with rare earth stocks atm, i thought i'd take this one for the November tipping comp. I took a position last week and today there was an announcement to confirm a significant mineralised extension at their Makuutu project in Uganda. It's not one i think i'll hold for the long term and will be watched closely. i'm hoping sentiment might push it along in the short term>
 
New highs today.

• The Ugandan DGSM has renewed Retention Licence RL1693 and has awarded two 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

" The scale and ultimate potential of the Makuutu Rare Earths Project continues to surprise on the upside. The new Exploration Target announced today represents an increase of 50% from the previous target, and with the resource update planned for Q1 2021, we expect that the scale of the Project will grow substantially. Scale is a critical factor for rare earth companies, driving better efficiencies and providing lower operating costs, critical infrastructure and lowering overall CAPEX intensity.”
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- MD Tim Harrison

1610525736071.png
 
another Rare Earths player (to be) scenting the winds of change.... break that China nexus.

TO EVALUATE STANDALONE DOWNSTREAM HEAVY RARE EARTH SEPARATION AND REFINING

• Critical and heavy rare earth separation and refining facility will be a standalone, 100% IonicRE asset, to maximise potential revenue achieved from the Makuutu basket
• IonicRE has initiated a Downstream Scoping Study to confirm economics associated with developing a standalone facility
• Internal Desktop Study has indicated substantial upside to be gained from Makuutu critical and heavy rare earth basket
• Strong interest for development of mine to market source for western end users keen to get access to highly strategic basket via alternative, secure and traceable supply chain

Our timeline to production from Makuutu remains firm ... the focus is set on 2024. As we ramp Makuutu up over the rest of the decade to 2030, IonicRE also wants to ensure we can build Separation and Refinery capacity to match that scale of production proposed at Makuutu. To meet those goals, now is the time to start this activity
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.................. So, I wonder how this will sit with the current hegemon?
The Company continues to progress activities with China Rare Earths Jiangsu on the development of Makuutu, as per the terms of the non-binding MOU (ASX: 7 April 2021)
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looking back at my last post in this thread, and i took my eye off the charts and have stayed in. This might not be a bad thing. I've taken it for the September comp and hope the good news continues
 
talking MRE, he's my brother

- an interesting but not fully convincing set of slides released today. Still around 3.4c

SCANDIUM MARKET POTENTIAL AND MAKUUTU's WORLD CLASS RESOURCE

• Makuutu is currently the 3rd largest reported scandium resource globally, currently containing over 9,450 tonnes within current MRE
• Scandium resource potential expected to grow with substantial exploration upside identified at Makuutu, specifically in eastern tenement EL00147, and northwestern tenements application TN03573 (pending)
• IonicRE positioning itself to become a key player in the Sc2O3 market, with initial plans to produce 20-25 tpa, and progressively ramp up production over 10 years to approx. 90-100 tpa
• Current pricing for Scandium Oxide (Sc2O3) trading at between US$1,000/kg to US$4,000/kg in opaque market
• Accelerated interest in Scandium assets globally, with Rio Tinto (ASX:RIO) and RUSAL (SEHK:486) recently announcing entry into the Sc2O3 market
• Scandium potential at Makuutu to focus on supplying large addressable markets within the aerospace, automotive and defense sectors, in addition to fuel cell and 3D printed specialty component applications
 
  • Fourth Tranche of Phase 4 drilling results received with all 75 holes intersecting rare earth element (REE) mineralised clay above the MRE cut off grade:
  • Approximately 25% of assay intervals reported in this announcement present REE clay bearing thickness in excess of 20 metres
  • Remaining Phase 4 samples from 176 holes at the assay laboratory and expected to be reported over next 2 months
"The latest set of assays is another fantastic result from the Phase 4 drill program at Makuutu. The infill drill holes across the Makuutu Central Zone confirmed near surface, thick REE bearing clays, and continues to validate the Makuutu deposit. Thickness of mineralised clay and minimal cover is crucial to minimising the opex cost, and Makuutu continues to deliver with results from this batch reporting approximately 25% of the intercepts within the Makuutu Central Zone exceeding 20m thick, and over 85% greater than 10 metres thick."
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DNH
 
IXR has been showing a lot of strength since bouncing off 4c in mid-December. Up another 12.5% to 6.3c today.

The Rare Earths market continues to strengthen amid tightening supply as EV production increases to record levels. Rare Earths, Lithium and Graphite are the places to be at the moment.

www.kitco.com

Rare earth metals market strong as global EV fleet hits record levels, supply tightens - report

A roundup of all the mining news in the precious metals sector with a variety of company news, mining sector analysis, newsletter writer insights and executive interviews.
www.kitco.com
 
charlsie said:
with all the hoopla with rare earth stocks atm, i thought i'd take this one for the November tipping comp. I took a position last week .(parts redacted to shorten) It's not one i think i'll hold for the long term and will be watched closely.
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So i posted this in Oct 2020 and only got out of the position earlier in the week.
I've taken it for the feb comp and hopefully it can bounce, but not before i look to get back in :)
It's now a stock that looks like it does have long term potential and may prove to be part of my foundations for long term wealth, we can wait and see
 
given we have 2 more trading days left in the month, I'm hoping for a drop in price and then a resurgence toward the end of month.
looking at a 3year chart IXR just continues onward and upward. I may have to eat my words from a couple years ago
 
charlsie said:
I'm hoping for a drop in price and then a resurgence toward the end of month.
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From highs of 9.5c on April 4th, it is now 7.7c after announcing a placement ... at 7.4c. Nothing in it for the mug retail.

Placement to raise $30.0 million to new global Institutions and existing Investors

Funds raised will support:
o Finalisation of the updated Mineral Resource Estimate for the Makuutu Rare Earth Project due this quarter
o Completion of the Makuutu Feasibility Study and application for mining licence
o Accelerating development work for the newly acquired Seren Technology Rare Earth separation and refining and magnet recycling businesses
o Entry into the Rare Earth supply chain in the United States and Europe
 
Ionic has completed its acquisition of rare earths separation and magnet recycling tech firm Seren Technologies after securing approval from the UK Government Investment Security Unit.

It will now integrate SerenTech and its rare earth element separation and refining tech into its operations with initial operations over the next 12 months beginning with the consolidation of operations in Belfast.

The company will also progress test work, flowsheet development evaluation, and modelling for its standalone rare earth elements separation and refinery before installing a full magnet recycling pilot plant to validate identified process improvements.

This will be followed by planning for a standalone facility in Belfast that will house hydrometallurgical laboratories and a purpose built magnet recycling demonstration plant to process 30 tonnes per annum of spent magnets and swarf (fine chips or filings) to produce 10 tonnes per annum of refined and separated magnet rare earths oxides. Commercial relationships on sourcing and recycling spent magnets and swarf will also be progressed.

Ionic had previously noted that the pilot plant is planned to commence in the current quarter while the demonstration plant could be developed later this year.

Serentech​

Serentech has developed processes for the separation and recovery of REEs from mining ore concentrates and spent permanent magnets since its founding in 2015. This process has the potential to provide a step change in efficient, non-hazardous, and economically viable processing with minimal environmental footprint compared to existing technologies.

Its toolkit of separation techniques and solvent systems can also be combined and applied to different mixed rare earth feeds. Work to date has demonstrated the ability to achieve near complete extraction from lower quality spent magnets and waste to a high value REO product with more than 99.9% purity.
 
A month can be a long time hey. I've taken IXR again for the May comp as the timing, i believe is perfect as we have 3 more trading days left in the month and as i write this, the NASDAQ is down 3.9% and still falling. I believe there will be a continuing fall and if IXR can stay within its ranges, could possibly rally toward the end of next month (May). I do hold
 
charlsie said:
A month can be a long time hey. I've taken IXR again for the May comp as the timing, i believe is perfect as we have 3 more trading days left in the month and as i write this, the NASDAQ is down 3.9% and still falling. I believe there will be a continuing fall and if IXR can stay within its ranges, could possibly rally toward the end of next month (May). I do hold
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I'm surprised that IXR hasn't moved more. Research reports all seem positive. (PS. I do hold).

Latest report from the UK.

IXR Research Report.png
 
a 15% lift for IXR today, to 5.2c (was under 4c a week ago but over 9c in April)

No news; the Quarterly was out last week, when some impressive increases were mentioned

Updated Mineral Resource Estimate at the Makuutu Rare Earths Project in Uganda
o Updated MRE is estimated at 532 million tonnes at 640ppm Total Rare Earth Oxide (TREO) above a cut-off grade of 200ppm TREO minus CeO2
o Indicated Resource component increased 512% to 404 million tonnes at 670 ppm TREO
 

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