Ionic Rare Earths Limited (IXR:ASX)
Ionic Rare Earths Limited, formerly Oro Verde Limited, is an Australia-based mineral exploration company. The Company is engaged in investing in mining and resource sector. The Company conducts its operations in Australia and Nicaragua. The Company operates Makuutu project, which is an ionic clay deposits. Makuutu project comprises three licenses covering approximately 132 square kilometers located some 40-kilometer (km) east of the regional center of Jinja and 120 km east of the capital city of Kampala in eastern Uganda. The Makuutu Rare Earths mineralization occurs from surface to depths of 15-20 meters.