Rare earths developer Ionic Rare Earths has appointed engineering and project house DRA Global to review the definitive feasibility study (DFS) for the Makuutu rare earths project, in Uganda. Ionic said on Tuesday that the company was hoping to identify opportunities for cost efficiencies, time saving and scale, with DRA also to advise on the demonstration plant programme at Makuutu in order to support a final investment decision.
PERTH – Rare earths developer Ionic Rare Earths has appointed engineering and project house DRA Global to review the definitive feasibility study for the Makuutu rare earths project, in Uganda.
The DFS estimated that the Stage 1 development of the Makuutu project will require a capital investment of $120.8-million to support the five-million tonne a year project, which would deliver40 090 t of rare earth oxide equivalent product. DRA Global will focus on the optimisation of mining pit design and operations and conduct a detailed review of the Stage 1 DFS and Phase 2 of the demonstration plant. The company would also identify potential opportunities for overall project enhancement.
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