Rare Earth Element (REE) Projects

REE Projects

Iondrive has two highly prospective REE projects including the Jangnam REE Project comprising 10 exploration licence applications covering 24.7km2 (in back) adjacent to Hongcheon REE deposit. Significant rock chip REE results returned from carbonatite outcrop discovered in May 2023 over a 900m long zone returned grades up to 6.36% TREO, and up to 25% MREO, with 17 samples above 1% TREO. The discovery is an extension of the Hongcheon REE Carbonatite deposit that outcrops 800m to the NE outside of Iondrive’s ground. The project remains highly prospective across a major explored crustal-scale structure, with one sample returning 2.6% TREO 5km south of ION’s discovery area, and stream sediment samples returning 0.3% TREO 16km to the north.