March 22, 2019

Ivanhoe Mines issued a new NI 43-101 technical report that provides details on the mining, processing and capex schedules for the planned copper mines at Kakula and Kamoa. The technical report highlights that once the expanded PEA production rate of 18 Mtpa is achieved, Kamoa-Kakula is projected to become the world’s second largest copper mine, with peak annual production of more than 700,000 tonnes of copper.

February 6, 2019

Ivanhoe announced an independent pre-feasibility study for the Kakula Copper Discovery and an updated preliminary economic assessment for the Tier One Kakula-Kamoa Project in the Democratic Republic of Congo. The stage one, 6 Mtpa operation at Kakula, with estimated development capital of US$1.1 billion, yields an after-tax NPV8% of US$5.4 billion and an IRR of 47% over a 25-year mine life.

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January 30, 2019

Exploration drilling at the Kamoa North exploration area on the 397-square-kilometre Kamoa-Kakula mining licence has intersected 13.05% copper over 22.3 metres (true thickness), at a 2% copper cut-off grade, in hole DD1450 that intercepted a remarkably-thick, flat-lying, ultra-high-grade deposit beginning at a depth of only 190 metres below surface.

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