IXR 0.00% 1.0¢ ionic rare earths limited

Ann: Quarterly Activities and Cash Flow Report, page-5

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    I'm not sure they will need another CR so soon - per the quarterly - "To earn the right to 51% equity in the Project, Newcrest must first spend an additional U$2.2 million on exploration before 25 August 2017". So all exploration costs are covered by Newcrest.

    Staff and admin costs - based on the 9 months YTD - are about $200k per quarter.
 
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