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Ivanhoe Mines Ltd.
Summary
| Project: | Kamoa-Kakula | |
|---|---|---|
| Deposit: | Kakula | |
| Location: | Democratic Republic Of Congo | |
| Commodities: | Copper | |
| Date: | 2/6/2019 | |
| Report Code: | NI43-101 | |
| Report Type: | Pre-Feasibility Study | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 6-2-2019: Ivanhoe Mines Ltd. announces a Pre-Feasibility Study report for its Kakula deposit at the Kamoa-Kakula project. PFS results incl. post-tax NPV of US $5.4B (8%), IRR of 46.9%, 25yr LOM at the project. CAPE TOWN, SOUTH AFRICA – Robert Friedland, C | |
| Resources: | (Reserve, Prob): 119.7Mt @ 5.48% Cu for 6566Kt Copper contained | |
| CP/QP: | [Resources]: Harry Parker, Gordon Seibel (Wood Plc) | |
| ABSTRACT: | CAPE TOWN, SOUTH AFRICA – Robert Friedland, Co-Chairman of Ivanhoe Mines (TSX: IVN; OTCQX: IVPAF), announced today in a keynote address at the 25th annual Mining Indaba that the company and its Chinese partners, Zijin Mining Group and Crystal River Global Limited, welcome the extremely positive findings of an independent pre-feasibility study (PFS) for the development of the Kakula copper mine and an updated, expanded preliminary economic assessment (PEA) for the overall development plan of the Kamoa and Kakula copper discoveries at the Kamoa-Kakula Project on the Central African Copperbelt, in the Democratic Republic of Congo (DRC). 2 “It has been a remarkable 25 years since my first keynote presentation at the very first Mining Indaba, in this beautiful city of Cape Town, South Africa. In that inaugural speech in 1994, we shared with delegates how African Minerals, the founding, corporate trailblazer for Ivanhoe Mines, was focused on its quest for major discoveries in and around Southern Africa’s legendary mineral fields,” said Mr. Friedland. “Now, after more than a quarter of a century of exceptional field work by our team of visionary and tenacious exploration geologists, we are about to make the ‘Great Leap Forward’ from one of the modern world’s top mine finders to one of the world’s leading producers of copper – as well as palladium, platinum, zinc, nickel, gold, silver and rhodium from the other two major mining projects that Ivanhoe is developing in Southern Africa. “To all of our African Brothers and Sisters, you now can clearly see the fruits of the incredibly intensive efforts by our people over the past two decades, while overcoming countless challenges, to initially discover, then extensively expand, the Kamoa and Kakula resource base with a massive drilling and engineering effort. “The Kamoa-Kakula Project now stands as the ‘Beacon that Shines Light’ on the fundamental importance of stable and transparent legal and fiscal frameworks. Looking back on the last 25 years, we reiterate the obvious fact that mining is a very long-term business that requires stability to attract capital. Future generations of young Congolese people will massively benefit from the establishment of a stable and predictable fiscal environment to attract foreign investment. | |
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