Sept 4 (Reuters) - Oro Verde Ltd OVL.AX :
* GLOBALLY SIGNIFICANT EXPLORATION TARGET DEFINED AT MAKUUTU IONIC CLAY RARE EARTH PROJECT
* INITIAL DIAMOND DRILLING PROGRAM IS PLANNED COMMENCE IN SEPTEMBER 2019
* TARGET INDICATES MAKUUTU COULD BE ONE OF LARGEST IONIC CLAY RARE EARTH DEPOSITS OUTSIDE CHINA WITH GRADES TYPICAL OF THESE TYPES OF DEPOSITS