Australia's Ionic Rare Earths soars on contract to develop Uganda mine

Ionic Rare Earths

19/09/2023 02:59

** Shares of Ionic Rare Earths Ltd  IXR.AX  jump as much as
11.5% to A$0.029, set to rise most since Sept. 12, if current
trend holds 
    ** The rare earths miner says appointed DRA Global  DRA.AX 
to support project delivery at its 60 percent owned Makuutu
heavy rare earths project in Uganda
    ** DRA will also help optimise value of its Makuutu
demonstration plant program to support the project’s final
investment decision
    ** IXR down 21.2% this year, as of last close


 (Reporting by Poonam Behura in Bengaluru)
 ((Poonam.Behura@thomsonreuters.com;))