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Ann: First Mixed Rare Earth Carbonate produced at Makuutu, page-36

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Furiousgeorge

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13/03/24

15:52

Post #: 72867323
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Originally posted by Wombat2: ↑

Hi All
Well I took the time to fly to Melbourne to attend the AGM. It was only attended by a small number of people which surprised me but it did give me about 10mins before the meeting and 15 mins after the AGM with the Chairman and Tim H.

I do have a mining background in 3 African countries and one in Sth America so I find it easy to discuss all things mining.

The takeaway I got with these discussions is that IXR is poised to potentially become a serious Western supplier of rare earths in the not too distant future.

Todate China has totally dominated the RE market with our own Lynas making a small contribution to world supply.

We all know that electrification of cars and wind farms is growing exponentially. This growth is set to continue so there is plenty of room in the market for new suppliers like IXR.

Developing them takes years. Shareholders in IXR should benefit greatly from the work and research todate that has gone into progressing the Makutuu deposit and recycling in Belfast.

The ann today of the first MREC at Makutuu is a very important step in developing a new mine in Uganda. The MREC can be carefully studied and no doubt future sampling will involve much experimentation in recovery techniques.

When the characteristics of the Makutuu deposit are fully understood along with the most efficient processing chemistries and methods, mine processing designs can begin.

With the market for REs set to grow we will have no trouble selling into western supply chains.

Investing in IXR requires patience and understanding of the potential of the two production methods available to IXR...Mining an Recycling.

I remain committed to holding my IXR shares as I think the next 12 months will be transformational.

Chrs W2

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“We all know that electrification of cars and wind farms is growing exponentially.”
For cars at least , this is not true. Only markets that have seen modest recent growth is India , Europe and Scandinavia. Overall market this year is expected to slip from 8.9% growth last year to 2.8% this year.
S+P Global Motility.
US market , biggest car market in the world ,slipped by 34% compared to January

IXR Price at posting: 1.9¢ Sentiment: Hold Disclosure: Held
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Ann: First Mixed Rare Earth Carbonate produced at Makuutu, page-36

Week 27 Wrap: "Election year" is here as UK Labour win contrasts France; Trump wins immunity & annual report season hushes ASX

Red Hill Minerals Signs $6.5 Million Agreement with Peel Mining to Explore Curnamona Project, NSW

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The Big Deal: Free-to-air TV swings the axe, but will it be enough as enormous sports deal bills loom?

KGL sniffs 19% Cu from drilling at Rockface play in NT

Has uranium run out of steam? An update on nuclear markets & developments ahead in FY25

Saturn’s stars have aligned for the gold explorer’s Apollo Project

Climate change to drive market trends to the moon

Fast-track assaying yields 182 g/t gold for iTech at new NT play

Tivan and EARTH AI gear up to commence fresh drilling at Sandover lead-silver project, NT

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Ann: First Mixed Rare Earth Carbonate produced at Makuutu, page-36

Top Stories

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Red Hill Minerals Signs $6.5 Million Agreement with Peel Mining to Explore Curnamona Project, NSW

Leo Lithium announces major divestment of flagship Goulamina project to Ganfeng

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Saturn’s stars have aligned for the gold explorer’s Apollo Project

Climate change to drive market trends to the moon

Fast-track assaying yields 182 g/t gold for iTech at new NT play

Tivan and EARTH AI gear up to commence fresh drilling at Sandover lead-silver project, NT

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