IXR 10.0% 0.9¢ ionic rare earths limited

Ann: Phase 3 Exploration Program to Commence at Makuutu, page-10

  1. 2,868 Posts.
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    last year they completed a 3700m drilling campaign (200+ holes across all licenses tenements) in about 4 months.

    they are drilling 67 holes here so I would expect them to be completed in less that 2 months

    so April assays will be analysed in labs that are staffed adequately after last years gold rush. they should be turned around in 2-3 weeks instead of 5-7.

    results will flow as early as end of April- start of may

    so while we have the scope due any day,
    scandium news to surprise,
    offtake samples or agreements discussed
    we will start to get assays next month or early the following, too.

    so much news to fly, scope is gonna be big but when the HREO rich results start to come in from the east, I expect a gradual rerate to take place
 
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