RIYADH, SAUDI ARABIA – Ivanhoe Mines (TSX: IVN; OTCQX: IVPAF) Executive Co-Chair Robert Friedland announced today, ahead of the inaugural Future Minerals Forum, that the 2022 annual production guidance for the Kamoa-Kakula Copper Complex in the Democratic Republic of Congo (DRC) is between 290,000 and 340,000 tonnes of copper in concentrate.
The figures are on a 100%-project basis and metal reported in concentrate is prior to refining losses or deductions associated with smelter terms.
The guidance range for cash costs (C1) per pound of payable copper in 2022 is between $1.20 and $1.40 per pound of payable copper. Cash costs (C1) per pound of payable copper for Q3 2021 totaled $1.37/lb, while cost of sales per pound of payable copper sold for Q3 2021 was $1.08/lb. "Cash costs (C1) per pound" is a non-GAAP financial performance measure. Additional information is provided in the Non-GAAP Financial Performance Measures section of this news release.
Kamoa Copper’s copper-in-concentrate production for the year ended December 31, 2021, totalled 105,884 tonnes, exceeding the upper end of the increased guidance range of 92,500 to 100,000 tonnes. The year-end total was boosted by record monthly production of 18,853 tonnes achieved in December.
2021 guidance had been raised from an initial range of 80,000 to 95,000 tonnes, during the course of the successful ramp-up of Kamoa Copper’s Phase 1 concentrator plant, which began operations in late May 2021 and reached commercial operations on July 1, 2021.
During the month of December, a record 372,000 tonnes of ore were milled at an average feed grade of 5.98% copper, exceeding the monthly design run rate of 316,667 tonnes by more than 17%.
Copper flotation recoveries also achieved a record 88.5% in December. The Phase 1, steady-state design copper recovery is approximately 86%, depending on ore feed grade.
Kamoa Copper expects to begin operations at the Phase 2concentrator plant in Q2 2022. The Phase 2 concentrator plant is identical to the Phase 1 concentrator, with a nameplate milling capacity of 3.8 million tonnes per annum (Mtpa), and a similar ramp-up profile for the new concentrator is targeted, with the benefit of additional knowledge gained during the commissioning of Phase 1.
The Phase 3 expansion also is advancing, with work ongoing on new box cut to open up the Kamoa Mine. An updated pre-feasibility study (PFS), including the Phase 3 expansion, is expected in Q3 2022.
Watch a new video showcasing Phase 1 operations and the Phase 2 and Phase 3 expansion work underway at the Kamoa-Kakula Copper Complex: https://vimeo.com/663982551/a4a47fa41f
Chart 1: Cumulative tonnes of copper produced from May 2021 to December 31, 2021.
2022 Guidance for Kamoa-Kakula
Guidance is based on a number of assumptions and estimates as of December 31, 2021, including among other things, assumptions about the timing of the Phase 2 expansion and anticipated costs and expenditures. Production and cost guidance assumes the Phase 2 concentrator plant will commence copper production in Q2 2022 and that ramp-up will be in line with what was achieved with Phase 1. Guidance involves estimates of known and unknown risks, uncertainties and other factors which may cause the actual results to be materially different.
Kamoa-Kakula 2022 Guidance
Contained copper in concentrate (tonnes)
290,000 - 340,000
Cash cost (C1) ($ per pound)
1.20 - 1.40
Cash costs (C1) per pound of payable copper for Q3 2021 of $1.37/lb reflected the measured ramp-up of production at Kamoa-Kakula to steady-state, and are expected to trend downward as the Phase 2 concentrator plant is commissioned and the mine’s fixed operating costs are spread over increased copper production.
C1 cash cost is a non-GAAP measure used by management to evaluate operating performance and include all direct mining, processing, and general and administrative costs. Smelter charges and freight deductions on sales to final port of destination (typically China), which are recognized as a component of sales revenues, are added to C1 cash cost to arrive at an approximate cost of delivered finished metal.
Cost of sales per pound of payable copper sold for Q3 2021 was $1.08/lb. For historical comparatives see the Non-GAAP Financial Performance Measures section of this news release. Please also see the Management’s Discussion and Analysis for the three and nine months ended September 30, 2021, for discussion of non-GAAP measures. All figures in the above table are on a 100%-project basis.
“Kamoa Copper’s outstanding operational success in 2021 is a product of the culture and values promoted throughout the organization,” said Mr. Friedland. “We are focused on training and empowering our young, talented Congolese workforce to operate this globally significant copper mining and smelting complex for generations to come. We invest deeply in our people and we celebrate their diversity, as diversity is a core value and a key to our strength. Collectively we are determined to create long-term stakeholder and shareholder value through continued investment in discovering and developing world-class orebodies, technological innovation, strong corporate governance, environmental stewardship, empowering our host communities and intense focus on health and safety.
“The Phase 2 expansion remains significantly ahead of schedule, and we are well on the way to doubling our annualized copper production to more than 400,000 tonnes starting early in Q2 2022, vaulting Kamoa Copper into the ranks of the world’s ten largest copper mines.
“Our outstanding team of geologists are confident that the Kamoa and Kakula mines are just the initial discoveries of a major new mining district, which extends the storied African Copperbelt in a southwesterly direction all the way to the Zambian border. We will be conducting an extensive drilling campaign on our majority-owned Western Foreland exploration licences this year to unlock the potential of this highly-prospective ground.”
The Kamoa Copper Complex with the Phase 1 and Phase 2 concentrator plants at the Kakula Mine. A small portion of Ivanhoe’s Western Foreland exploration licences are in the background.
Muhemba Richard (left), operating an ore-truck simulator under the guidance of trainer Kasongo Kabila at Kamoa Copper’s state-of-the-art training centre.
A 3D illustration of Kamoa-Kakula’s Phase 2 concentrator flotation cells. The picture below shows the current progress, which is approximately 80% complete.
A convoy of trucks transporting Kamoa Copper’s copper concentrate for export to international markets.
Kamoa-Kakula’s Phase 1 (at top) and Phase 2 ball mills.
Phase 2 expansion now 80% complete, expected to start operations in Q2 2022
Construction of the second 3.8-Mtpa concentrator plant (Phase 2) continues to progress ahead of schedule with hot commissioning expected to start in Q2 2022. Engineering, procurement and fabrication activities all are effectively complete, with construction activities well advanced. As of the end of December, the overall project was approximately 80% complete. Some pre-commissioning activities have started.
The main construction focus now has shifted from structural steel erection and installation of platework, equipment and piping (SMPP) to electrical, control and instrumentation (EC&I) installation. Most areas have been handed over from the SMPP contractor to the EC&I contractor.All of the Phase 2 surface piping has been installed. Installation of cable racking is nearing completion and cable pulling and instrument installation is well advanced.
More than 675 truckloads of Phase 2 plant construction equipment and materials already have been delivered to site.
Updated PFS study, including Phase 3 expansion, expected in Q3 2022; work on new box cut to open up the Kamoa Mine advancing
Kamoa Copper also is advancing the Phase 3 expansion, with operations at the first stream of the Phase 3 concentrator expected by the end of 2024. The Phase 3 concentrator will be located adjacent to the Kansoko Mine (at the Kansoko Sud orebody) and is being designed as two identical streams with a common dry front end, the same as the Phase 1 and 2 concentrators, but at a larger nameplate milling capacity per stream than the 3.8-Mtpa capacity of the Phase 1 and 2 concentrators.
The Phase 3 concentrator is expected to be supplied with ore from the established mine at Kansoko, as well as from two new planned mines, named Kamoa 1 and Kamoa 2. The Kamoa 1 and Kamoa 2 mining areas will be accessed via a twin-decline system (the Kamoa Mine decline), and the box cut for the declines is under construction.
Phase 3 also includes the construction of a direct-to-blister smelter, with a production capacity of 500,000 tonnes per annum of blister copper. Basic engineering, led by China Nerin Engineering Co., Ltd. of Jiangxi, China, is ongoing and expected to be completed in Q2 2022.
The planned smelter is to be built adjacent to the Phase 1 and 2 concentrator plants, and is designed to meet the International Finance Corporation’s emissions standards. The smelter has been sized to process the majority of the copper concentrate forecast to be produced by Kamoa-Kakula’s Phase 1, Phase 2 and Phase 3 concentrators. With a nameplate capacity of 500,000 tonnes per annum of blister copper, it is projected to be one of the largest, single-line blister-copper flash smelters in the world, and the largest in Africa.
Power for the Phase 3 expansion will be supplied by the upgrading of turbine 5 at the Inga II hydropower complex to provide an additional 162 megawatts (MW) of renewable hydropower. Basic engineering for the design of a new turbine wheel and runners is ongoing at the Heidenheim offices of contractor Voith Hydro, and the contractor’s team is preparing to mobilize on site.
Study work on all aspects of the Phase 3 expansion is progressing well, with further information to be provided in Q2 2022 as estimates are completed, and an updated PFS expected to be released in Q3 2022.
Mining crews produce 756,000 tonnes grading 5.25% copper from the Kakula and Kansoko mines in December
Underground mine production from the Kakula and Kansoko mines was 756,000 tonnes grading 5.25% copper from November 21st to December 31st, including 272,000 tonnes grading 6.53% copper from the Kakula Mine’s high-grade centre and 77,600 tonnes grading 4.15% copper from the Kansoko Mine. The production measuring month was longer than normal in order to close out the year.
Production levels from the mine are well above target, and will be boosted by three additional underground ore trucks commissioned on December 28, 2021.
The project’s surface stockpiles now contain approximately 4.19 million tonnes of high-grade and medium-grade ore at an estimated, blended average of 4.63% copper. Contained copper in the stockpiles at the end of December now totals more than 194,000 tonnes (the current copper price is approximately $9,600 per tonne).
Chart 2: Growth in cumulative tonnes of contained copper in surface stockpiles from May 2020 to December 31, 2021.
Chart 3: Cumulative tonnes and grade of contained copper in surface stockpiles from May 2020 to December 31, 2021.
Ore stockpiles at the Kakula North decline containing 2.04 million tonnes grading 5.13% copper as of December 31, 2021.
Ore stockpiles at the Kakula South decline containing 1.45 million tonnes grading 4.26% copper as of December 31, 2021.
The Kansoko Mine decline and ore stockpiles containing 696,000 tonnes grading 3.92% copper as of December 31, 2021.
Floribert Monga, Instrument Technician, wiring a distribution box for a control valve in the Phase 2 concentrator plant.
Boris Kitupa, Security Supervisor (left), and Philo Nsenga, Security Controller, monitoring security cameras in the Kakula North control room.
Stani Kayinda, Assistant Boilermaker, working on the Phase 2 concentrator plant.
Jean Mabungu, Fitter, at the Phase 2 concentrator plant.
About the Kamoa-Kakula Copper Complex
Kamoa-Kakula is projected to be the world’s highest-grade major copper complex, with an initial mining rate of 3.8 Mtpa at an estimated, average feed grade of more than 6.0% copper over the first five years of operations, and 5.9% copper over the initial 10 years of operations. Phase 1 is expected to produce approximately 200,000 tonnes of copper per year, while the Phase 2 expansion is forecast to increase production to more than 400,000 tonnes of copper annually.
Based on independent benchmarking, the project’s phased expansion scenario to 19 Mtpa would position Kamoa-Kakula as the world’s second-largest copper mining complex, with peak annual copper production of more than 800,000 tonnes.
The Kamoa-Kakula Copper Project is a joint venture between Ivanhoe Mines (39.6%), Zijin Mining Group (39.6%), Crystal River Global Limited (0.8%) and the Government of the Democratic Republic of Congo (20%). A 2020 independent audit of Kamoa-Kakula's greenhouse gas intensity metrics performed by Hatch Ltd. of Mississauga, Canada, confirmed that the project will be among the world's lowest greenhouse gas emitters per unit of copper produced.
Non-GAAP Financial Performance Measures
Cash costs (C1) and cash costs (C1) per pound are non-GAAP financial measures. These are disclosed to enable investors to better understand the performance of the Kamoa-Kakula Project in comparison to other copper producers who present results on a similar basis. Cash costs (C1) are prepared on a basis consistent with the industry standard definitions by Wood Mackenzie cost guidelines but are not measures recognized under IFRS.
Below is a reconciliation of Kamoa-Kakula’s historical cost of sales to cash costs (C1), including on a per pound basis:
Cost of sales
Logistics, treatment and refining charges
General and administrative expenditure
Royalties and production taxes
Movement in finished goods inventory
General and administrative expenditure of other group entities
C1 cash costs
Cost of sales per pound of payable copper sold ($ per lb)
C1 cash costs per pound of payable copper produced ($ per lb)
All figures above are on a 100% basis. See the Management’s Discussion and Analysis for the three and nine months ended September 30, 2021, for further discussion of non-GAAP measures.
Disclosures of a scientific or technical nature regarding development scenarios at the Kamoa-Kakula Project in this news release have been reviewed and approved by Steve Amos, who is considered, by virtue of his education, experience and professional association, a Qualified Person under the terms of NI 43-101. Mr. Amos is not considered independent under NI 43-101 as he is Kamoa Copper’s Head of Projects. Mr. Amos has verified the technical data disclosed in this news release.
Other disclosures of a scientific or technical nature regarding the stockpiles in this news release have been reviewed and approved by George Gilchrist, who is considered, by virtue of his education, experience and professional association, a Qualified Person under the terms of NI 43-101. Mr. Gilchrist is not considered independent under NI 43-101 as he is the Vice President, Resources of Ivanhoe Mines. Mr. Gilchrist has verified the other technical data related to the stockpiles disclosed in this news release.
The stockpile grade estimates contained in this release are based upon bulk ore sampling from material being fed to the plant from surface stockpiles, and underground vertical channel sample profiles from recent development. Channel sample profiles are cut approximately 15 metres apart in 1-metre vertical increments across the full vertical exposure using a handheld grinder, with a 100-to-150-gram sample collected. The samples are pulverized at the project’s onsite laboratory and analyzed using a portable XRF (pXRF) instrument. Kamoa Copper has routinely analyzed its exploration drill core for copper using pXRF, in addition to analysis at a commercial laboratory using four acid digest and ICP-OES. This data has demonstrated that pXRF results can be relied upon for grade control and run-of-mine sampling. Due to rounding, numbers presented throughout this news release may not add up precisely.
Ivanhoe has prepared an independent, NI 43-101-compliant technical report for the Kamoa-Kakula Project, which is available on the company’s website and under the company’s SEDAR profile at www.sedar.com:
- Kamoa-Kakula Integrated Development Plan 2020 dated October 13, 2020, prepared by OreWin Pty Ltd., China Nerin Engineering Co., Ltd., DRA Global, Epoch Resources, Golder Associates Africa, KGHM Cuprum R&D Centre Ltd., Outotec Oyj, Paterson and Cooke, Stantec Consulting International LLC, SRK Consulting Inc., and Wood plc.
The technical report includes relevant information regarding the assumptions, parameters and methods of the mineral resource estimates on the Kamoa-Kakula Project cited in this news release, as well as information regarding data verification, exploration procedures and other matters relevant to the scientific and technical disclosure contained in this news release.
About Ivanhoe Mines
Ivanhoe Mines is a Canadian mining company focused on advancing its three principal projects in Southern Africa: the development of major new, mechanized, underground mines at the Kamoa-Kakula copper discoveries in the Democratic Republic of Congo and at the Platreef palladium-rhodium-platinum-nickel-copper-gold discovery in South Africa; and the extensive redevelopment and upgrading of the historic Kipushi zinc-copper-germanium-silver mine, also in the Democratic Republic of Congo.
Kamoa-Kakula began producing copper concentrates in May 2021 and, through phased expansions, is positioned to become one of the world's largest copper producers. Kamoa-Kakula is being powered by clean, renewable hydro-generated electricity and is projected to be among the world’s lowest greenhouse gas emitters per unit of metal produced. Ivanhoe Mines has pledged to achieve net-zero operational greenhouse gas emissions (Scope 1 and 2) at the Kamoa-Kakula Copper Mine. Ivanhoe also is exploring for new copper discoveries on its Western Foreland exploration licences in the Democratic Republic of Congo, near the Kamoa-Kakula Project.
Investors: Bill Trenaman +1.604.331.9834 / Media: Matthew Keevil +1.604.558.1034
Certain statements in this release constitute “forward-looking statements” or “forward-looking information” within the meaning of applicable securities laws. Such statements and information involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company, its projects, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. Such statements can be identified by the use of words such as “may”, “would”, “could”, “will”, “intend”, “expect”, “believe”, “plan”, “anticipate”, “estimate”, “scheduled”, “forecast”, “predict” and other similar terminology, or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. These statements reflect the company’s current expectations regarding future events, performance and results and speak only as of the date of this release.
Such statements include without limitation, (i) that 2022 production guidance for the Kamoa-Kakula Copper Complex is between 290,000 to 340,000 tonnes of copper in concentrate; (ii) that 2022 cost guidance for the Kamoa-Kakula Copper Complex is between $1.20 and $1.40 per pound of payable copper on a cash cost (C1) basis; (iii) all statements regarding the Phase 2 expansion is expected to start operations in Q2 2022; (iv) all statements regarding the Phase 3 expansion expected to begin operations by the end of 2024; (v) statements regarding Kakula is projected to be the world’s highest-grade major copper mine, with an initial mining rate of 3.8 Mtpa at an estimated, average feed grade of more than 6.0% copper over the first five years of operations and 5.9% copper over the initial 10 years of operations; (vi) statements regarding Kamoa-Kakula’s Phase 1 is expected to produce approximately 200,000 tonnes of copper per year, and Phases 1 and 2 combined are forecast to produce more than 400,000 tonnes of copper per year; (vii) statements regarding based on independent benchmarking, the project’s phased expansion scenario to 19 Mtpa would position Kamoa-Kakula as the world’s second largest copper mining complex, with peak annual copper production of more than 800,000 tonnes; (viii) statements regarding Kamoa-Kakula will be among the world's lowest greenhouse gas emitters per unit of copper produced; and (ix) statements that the updated PFS for Phase 3 expansion is expected to be completed in Q3 2022.
Forward-looking statements and information involve significant risks and uncertainties, should not be read as guarantees of future performance or results and will not necessarily be accurate indicators of whether or not such results will be achieved. A number of factors could cause actual results to differ materially from the results discussed in the forward-looking statements or information, including, but not limited to, the factors discussed below and under “Risk Factors”, and elsewhere in this release, as well as unexpected changes in laws, rules or regulations, or their enforcement by applicable authorities; the failure of parties to contracts with the company to perform as agreed; social or labour unrest; changes in commodity prices; and the failure of exploration programs or studies to deliver anticipated results or results that would justify and support continued exploration, studies, development or operations.
Although the forward-looking statements contained in this release are based upon what management of the company believes are reasonable assumptions, the company cannot assure investors that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this release and are expressly qualified in their entirety by this cautionary statement. Subject to applicable securities laws, the company does not assume any obligation to update or revise the forward-looking statements contained herein to reflect events or circumstances occurring after the date of this release.
The company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of the factors set forth below in the “Risk Factors” section in the company’s 2021 Q3 MD&A and its current annual information form.
沙特阿拉伯利雅得 — 艾芬豪矿业 (TSX: IVN; OTCQX: IVPAF) 执行联席董事长罗伯特·弗里兰德 (Robert Friedland) 今天在首届未来矿业论坛 (Future Minerals Forum) 开幕前宣布，公司位于刚果民主共和国 (以下简称“刚果(金)”) 的卡莫阿-卡库拉铜2022年的生产指导目标为290,000至340,000吨铜金属。
2022年每磅铜的C1现金成本的指导目标为1.20 ~ 1.40美元/磅。2021年第三季度的C1现金成本为1.37美元/磅，按会计准则计算的销售成本则为1.08美元/磅。“每磅现金成本 (C1) ”为非公认会计准则 (non-GAAP) 的财务指标。详细说明，请参阅本新闻稿中 “非公认会计准则财务指标” 的部分。
截至2021年12月31日止年度，卡莫阿铜矿共生产精矿含铜金属量达105,884 吨，超越上调后的生产指导目标 (92,500至100,000吨) 的上限。12月份铜产量破纪录达18,853吨，显著提升了年终总产量。
III期扩建工程进展顺利，新斜坡道入口的建设施工顺利，将拓展卡莫阿 (Kamoa) 矿山的采矿范围；预可行性研究更新版将涵盖III期扩建计划，预计于2022年第三季度发布。
290,000 - 340,000
1.20 - 1.40
“我们杰出的地质师团队相信，卡莫阿和卡库拉 (Kakula) 矿山只是早期发现，大型矿集区将扩大中非铜矿带的范围，向西南一直延伸至赞比亚边境。今年，我们将在公司持有多数股权的西部前沿 (Western Foreland) 探矿权內进行广泛的钻探活动，全面释放这遍土地的巨大勘探潜力。”
Muhemba Richard (左) 在卡莫阿铜矿现代化的培训中心，在Kasongo Kabila讲师的指导下操作模拟矿车。
主要施工重点已从钢结构以及钣金、设备和管道 (SMPP) 的安装转移至电器、控制和仪表 (EC&I) 的安装。多个厂区已由SMPP承包商移交给EC&I承包商。II期的所有地表管道已安装完成。电缆的安装工作快将完成，且布线和仪表的安装正顺利进行。
超过675辆装载 II 期工程设备和材料的卡车已抵达现场。
同时，卡莫阿铜矿正在推进III 期扩建工程，预计III期选厂的第一流程将于2024年底开展作业。III 期选厂将建设在卡索科 (Kansoko) 矿山，设计与I 期和II 期选厂相同，设有两条相同的流程和前端工艺。III 期选厂的设计产能，将会高于 I 期和 II 期选厂的380万吨/年。
预计 III 期选厂将处理采自卡索科的矿石以及规划中的两座矿山 — 卡莫阿一区和卡莫阿二区的矿石。施工中的卡莫阿矿山双斜坡道系统将用于卡莫阿一区和卡莫阿二区的采区进场通道，现正进行斜坡道井口的建设工程。
规划中的冶炼厂将建设在I期和II期选厂附近，按照国际金融公司 (IFC) 制定的排放标准建造。冶炼厂的规模设计适合处理卡莫阿-卡库拉I期、II期和III期选厂生产的大部分铜精矿，预计将会成为全球规模最大的单系列直接粗铜闪速冶炼厂之一以及非洲最大型的铜冶炼厂。
英加二期水电站5号涡轮机组升级改造后，将为III期扩建提供额外的162兆瓦可再生水电。承包商福伊特水电 (Voith Hydro) 在海登海姆办事处的人员正进行新涡轮和转轮的基础工程设计，工作团队正准备前往现场。
仪表工 Floribert Monga 在II 期选厂为控制阀的配电箱接线。
安全主管 Boris Kitupa (左) 和安全主任 Philo Nsenga 在卡库拉北区的控制室内监控生产。
助理锅炉工 Stani Kayinda 在II 期选厂工作。
预计卡莫阿-卡库拉将成为全球品位最高的大型铜矿山，初始年处理矿石380万吨，预计投产后前5年的平均入选铜品位超过6.0%，投产后前10年超过5.9%。I 期投产后预计每年将生产约20万吨铜，II 期扩建投产后每年将累计生产高达40万吨铜。
卡莫阿-卡库拉铜矿项目是艾芬豪矿业 (占股39.6%)、紫金矿业集团 (占股39.6%)、晶河全球 (占股0.8%) 及刚果民主共和国政府 (占股20%) 的合资项目。 2020年，加拿大Hatch有限公司对卡莫阿-卡库拉的温室气体强度指标进行了独立审核，确认项目将会成为全球单位铜温室气体排放最低的矿山之一。
C1现金成本及每磅C1现金成本为非公认会计准则的财务指标。这些披露使投资者更清楚了解卡莫阿-卡库拉项目的表现，与其他铜生产商按照类似指标公布的业绩作比较。C1 现金成本的计算基准与伍德曼肯兹成本指南制定的行业标准定义一致，但并非国际财务报告准则 (IFRS) 认可的计量。
本新闻稿中关于卡莫阿-卡库拉项目开发方案的科学或技术性披露已经由史蒂夫·阿莫斯 (Steve Amos) 审查和批准，他凭借其教育、经验和专业协会会籍被认为是NI 43-101 标准下的合资格人。由于阿莫斯先生是卡莫阿铜业的项目负责人，因此他并不符合NI 43-101 对独立人士的界定。阿莫斯先生已核实本新闻稿所披露的技术数据。
本新闻稿中关于矿堆的其它科学或技术性披露已经由乔治·吉尔克里斯特 (George Gilchrist) 审查和批准，他凭借其教育、经验和专业协会会籍被认为是NI 43-101 条款下的合资格人。由于吉尔克里斯特先生是艾芬豪矿业资源部副总裁，因此他并不符合NI 43-101 对独立人士的界定。吉尔克里斯特先生已核实本新闻稿所披露关于矿堆的其它技术数据。
本新闻稿所载的矿堆品位估算值是基于从地表矿堆供给选厂物料的大样以及从最近开展的垂直剖面刻槽取样。刻槽取样的样品大约每15米在整个垂直剖面上使用手持式切割机按1米垂直间隔进行采样，收集100-150克重的样品。在项目现场实验室磨样加工后，使用便携式XRF (pXRF) 仪器进行分析。除了在商业实验室利用4酸消解和ICP-OES进行分析之外，卡莫阿铜业也经常使用pXRF分析钻孔岩芯中的铜含量。该数据表明，pXRF结果可用于品位控制和原矿取样。由于四舍五入，本新闻稿所载数字的相加可能与总和不符。
艾芬豪已经为卡莫阿-卡库拉项目编制了一份符合NI 43-101 标准的独立技术报告，该报告可在艾芬豪网站以及SEDAR 网站上的艾芬豪页面获得，网址为www.sedar.com﹕
- 2020年10月13日发布的2020年卡莫阿-卡库拉综合开发方案，由OreWin Pty Ltd.、中国瑞林工程技术有限公司、DRA Global、Epoch Resources、Golder Associates Africa、KGHM Cuprum R&D Centre Ltd.、Outotec Oyj、Paterson and Cooke、Stantec Consulting International LLC、SRK Consulting Inc.以及Wood plc编制。
艾芬豪矿业是一家加拿大的矿业公司，正在推进旗下位于南部非洲的三大合资项目：位于刚果民主共和国的卡莫阿-卡库拉铜矿和位于南非的普拉特瑞夫 (Platreef) 钯-铑-铂-镍-铜-金矿的大型机械化地下矿山开发工程；以及同样位于刚果民主共和国、久富盛名的基普什 (Kipushi) 锌-铜-锗-银矿的大型重建和改善工程。
投资者﹕比尔·特伦曼 (Bill Trenaman)，电话﹕+1.604.331.9834 / 媒体﹕马修·基维尔 (Matthew Keevil)，电话﹕ +1.604.558.1034
该等陈述包括但不限于﹕(i) 关于卡莫阿-卡库拉铜矿2022年的精矿含铜金属生产指导目标为290,000至340,000吨的陈述；(ii) 关于卡莫阿-卡库拉2022年每磅应付铜的C1现金成本的指导目标为每磅应付铜1.20美元至1.40美元的陈述；(iii) 关于预计II期选厂将于2022年第二季度投产的所有陈述；(iv) 关于预计III期选厂将于2024年底前实现投产的所有陈述； (v) 关于卡库拉矿山预期将会成为全球品位最高的大型铜矿，初始年处理矿石380万吨，预计投产后前5年的平均入选铜品位达6.0%以上、投产后前10年达5.9%的陈述；(vi) 关于卡莫阿-卡库拉I 期投产后预计每年将生产约20万吨的铜，而I 期和II 期投产后每年将累计生产高达40万吨铜的陈述；(vii) 关于根据独立研究机构排名，一旦项目扩大产能至1,900万吨/年，卡莫阿-卡库拉将成为全球第二大铜矿山，年度最高铜产量将超过80万吨的陈述；(viii) 关于卡莫阿-卡库拉项目将会成为全球每单位铜的温室气体排放量最低矿山之一的陈述；以及 (ix) 关于III期扩建的预可行性研究更新版将于2022年第三季度完成的陈述。