Ionic Rare Earths Limited provided an update on the tranche six drill assays from the recently completed Phase 2 drill program at its 51% owned Makuutu Rare Earths Project in Uganda. Drill assay results have been received for drill holes RRMDD212 to 245, including 11 resource extension holes drilled on the Makuutu Western Zone (MWZ) exploration target areas D and E, and 23 holes drilled to infill the current Mineral Resource Estimate (MRE) area. The Mineral Resource update is due to commence upon the receipt of the final infill drill assays from 34 remaining holes, expected before the end of January. Intervals above the resource cut-off grade of 300ppm TREO-Ce2O3 were achieved in all areas. Notable resource extension intercepts are: RRMDD214 7.7 metres at 873 ppm TREO from 8.3 metres; RRMDD218 7.2 metres at 728 ppm TREO from 6.1 metres; RRMDD220 13.4 metres at 722 ppm TREO from 6.1 metres. Notable resource infill intercepts include: RRMDD225 15.8 metres at 1,375 ppm TREO from 5.9 metres; RRMDD226 16.6 metres at 1,379 ppm TREO from 6.8 metres; RRMDD229 9.1 metres at 1,113 ppm TREO from 3.9 metres; RRMDD232 10.1 metres at 1,754 ppm TREO from 4.7 metres; RRMDD233 13.2 metres at 1,101 ppm TREO from 8.2 metres; RRMDD242 10.6 metres at 1,140 ppm TREO from 6.5 metres; RRMDD243 12.0 metres at 1,661 ppm TREO from 9.8 metres RRMDD245 5.0 metres at 2,965 ppm TREO from 11.9 metres.