Ionic Rare Earths Limited is an Australia-based mineral exploration company that is focused on investment in the mining and resource sector. The Company is focused on developing its flagship Makuutu Rare Earths Project (Makuutu) towards production. The Company's geographical locations include Australia, Uganda and United Kingdom. The Makuutu comprises approximately six licenses covering approximately 298 square kilometers (km2) and is located over 40 kilometers east of the regional center of Jinja and approximately 120 kilometers east of the capital city of Kampala in eastern Uganda. Makuutu is surrounded by tier-one infrastructure with tarred roads, nearby rail, power and water, and cell phone coverage. The Company's exploration license includes EL00257, EL00147 and EL00148. Its retention license includes RL1693, RL00234 and RL00007. Its wholly owned subsidiary is Goldcap Resources Pty Limited.
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