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Ivanhoe Mines Ltd.

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Summary

Project:

Kipushi Mine

Deposit:Kipushi Mine
Location:Democratic Republic Of Congo
Commodities:Zinc-Copper-Germanium-Lead-Silver-Cobalt
Date:12/13/2017
Report Code:NI43-101
Report Type:Pre-Feasibility Study
Project Stage:Pursuing Feasibility Study
Report details:13-12-2017: Ivanhoe Mines Ltd. announces a Pre-Feasibility Study report for its Kipushi Mine deposit at the Kipushi Mine project. PFS results incl. post-tax NPV of US$683M, IRR of 35%. KIPUSHI, DEMOCRATIC REPUBLIC OF CONGO — Robert Friedland, Executive Ch
Resources:(Reserve, P+P): 8.58Mt @ 32.14% Zn at Kipushi
CP/QP:[Resources]: M Robertson, J Witley (MSA Group Pty Ltd.)
ABSTRACT:KIPUSHI, DEMOCRATIC REPUBLIC OF CONGO — Robert Friedland, Executive Chairman of Ivanhoe Mines (TSX: IVN; OTCQX: IVPAF), and Lars-Eric Johansson, Chief Executive Officer, today announced the positive findings of an independent, pre-feasibility study (PFS) for the planned redevelopment of the company’s historic, high-grade, Kipushi zinc-copper-silver-germanium mine. The study anticipates annual production of an average of 381,000 tonnes of zinc concentrate over an 11-year initial mine life at a total cash cost of approximately US$0.48 per pound of zinc. The PFS focuses on the initial mining of Kipushi’s Big Zinc Zone, which has an estimated 10.2 million tonnes of Measured and Indicated Mineral Resources grading 34.9% zinc. The planned return to production would establish Kipushi as the world’s highest-grade major zinc mine. Its exceptional zinc grade is more than twice as high as the Measured and Indicated Mineral Resources of the world’s nexthighest-grade zinc project, according to Wood Mackenzie, a leading, international industry research and consulting group (see Figure 2).

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