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  • ION Energy Limited (ION) shared drilling results and an update on exploration at its Urgakh Naran Project in Mongolia
  • The company completed the drilling of three lithological diamond core drill holes for a total depth of 954 metres
  • The company completed the drilling of two hydrological test wells for the testing of basin brines. The third test well is currently being completed
  • ION Energy’s CEO and Director, Ali Haji sat down with Sabrina Cuthbert to highlight the results
  • ION Energy (ION) is unchanged, trading at $0.18 per share as of 9:50 a.m. ET

ION Energy Limited (ION) shared drilling results and an update on exploration at its Urgakh Naran Project in Mongolia.

Highlights:

  • Completed the drilling of three lithological diamond core drill holes for a total depth of 954 metres
  • Notable two-metre drill core results include:
    • UNDH-01: 123 metres at 278 ppm lithium from 122 metres, with maximum lithium reported at 832 ppm over 2 metres
    • UNDH-02: 100 metres at 362 ppm lithium from 65 metres, with maximum lithium at 601 ppm over 2 metres
    • UNDH-03: 71.4m at 360 ppm lithium from 3.6 metres with maximum lithium at 911 ppm over 2 metres
  • Completed drilling of two hydrological test wells for testing of basin brines. The third test well is currently being completed

ION Energy’s CEO and Director, Ali Haji sat down with Sabrina Cuthbert to highlight the results.

“The company is completing its third hydrological test well, with brine sampling to commence across all three wells in the coming months. The Urgakh Naran Basin is over 17,000 ha in size and is showing the potential to host significant brine accumulations in close proximity to the national electric grid and critical development infrastructure.”

He added that as the world experiences notable supply constraints in much-needed lithium resources, his company continues to move quickly to help address this global issue.

Ion Energy Ltd. (ION) is focused on the exploration and development of lithium. The company is focused on the Baavhai Uul Lithium Brine and Urgakh Naran Lithium Brine Project in Mongolia.

ION Energy (ION) is unchanged, trading at $0.18 per share as of 9:50 a.m. ET.


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