For thousands of other reports visit RSC's Mineral Intellingence Map
Ivanhoe Mines Ltd.
Summary
| Project: | Platreef | |
|---|---|---|
| Deposit: | Platreef | |
| Location: | South Africa | |
| Commodities: | Platinum-Palladium-Rhodium-Gold-Nickel-Copper | |
| Date: | 7/31/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | Feasibility Study | |
| Project Stage: | Mine Development | |
| Report details: | 31-7-2017: Ivanhoe Mines Ltd. announces a Feasibility Study report for its Platreef deposit at the Platreef project. Updated ore reserve and feasibility study results incl. post-tax NPV(8%) of $916M. MOKOPANE, SOUTH AFRICA – Ivanhoe Mines’ (TSX: IVN; OTCQ | |
| Resources: | (Reserve, Prob.): 124.7Mt @ 1.95g/t Pt, 2.01g/t Pd, 0.30g/t Au, 0.14g/t Rh, 0.17% Cu, 0.34% Ni | |
| CP/QP: | [Overall Report]: B Peters, H Parker, V Coetzee, F Marais J Treen (OreWin Pty Ltd.;Amec Foster Wheeler Plc; DRA Projects (Pty) Ltd.;Golder Associtaes Africa (Pty) Ltd.;Stantec Consulting International) | |
| ABSTRACT: | MOKOPANE, SOUTH AFRICA – Ivanhoe Mines’ (TSX: IVN; OTCQX: IVPAF) Executive Chairman Robert Friedland, Chief Executive Officer Lars-Eric Johansson and Platreef Project Managing Director Dr. Patricia Makhesha today welcomed the positive findings of an independent definitive feasibility study (DFS) of the planned initial four million tonnes per annum (Mtpa) mine and concentrator in the first phase of development of the company’s Platreef platinum, palladium, rhodium, gold, nickel and copper mine. The Platreef Project, which contains the Flatreef Deposit, is a Tier One discovery by Ivanhoe Mines’ geologists on the Northern Limb of South Africa’s Bushveld Igneous Complex, the world’s premier platinum producing region. 2 Ivanhoe Mines plans to develop the Platreef Mine in three phases: 1) An initial rate of four Mtpa to establish an operating platform to support future expansions; 2) a doubling of production to eight Mtpa; and 3) expansion to a steady-state 12 Mtpa. The independent Platreef DFS covers the first phase of development that would include construction of a state-of-the-art underground mine, concentrator and other associated infrastructure to support initial concentrate production by early 2022. As Phase 1 is being developed and commissioned, there would be opportunities to refine the timing and scope of subsequent phases of expanded production. “The completion of the definitive feasibility study for the first phase of production is another key milestone in Ivanhoe’s planned transformation of the Platreef Discovery into one of the pre-eminent South African producers of platinum-group metals,” said Mr. Friedland. | |
Full Report
opaxe is a smart software platform that reconfigures and redistributes information and produces business insights to help mining professionals and investors make better decisions. We utilise technology and machine learning for data collection and human intelligence for the value-added services.
Full Report