Daily Brief Australia: Bellevue Gold , ADX Energy Ltd, Ionic Rare Earths and more

• Bellevue is raising capital through a placement and share purchase plan at a discount to the last close
• The purpose of the capital raise is to pay off debt and fund future growth, with operational pressure and hedges in place
• The company is shifting to a long-term growth story, with guidance for increased production and costs going forward

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• ADX has confirmed a very busy programme of activity from September.
• The overall unrisked value of the programme is ~A$1.70 per share, which represents 17x the current share price.
• In early September, ADX will drill the Anshof-2A side track.

• Ionic Rare Earths Ltd (ASX:IXR) is a rare earths mining explorer (Uganda) and REO magnet recycling company (Belfast, UK).
• ACF visited IonicTech’s magnet recycling demo plant in Belfast yesterday, July 2024.
• IXR has a unique position in the REE recycling ecosystem.