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Ivanhoe Mines Ltd.

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Summary

Project:

Platreef

Deposit:Platreef
Location:South Africa
Commodities:Platinum-Palladium-Gold-Rhodium-Copper-Nickel
Date:1/8/2015
Report Code:NI43-101
Report Type:Pre-Feasibility Study
Project Stage:Pursuing Resource Increase/Upgrade
Report details:8-1-2015: Ivanhoe Mines Ltd. announces a Pre-Feasibility Study report for its Platreef deposit at the Platreef project. PFS Technical report including Initial reserve estimate. Ivanhoe is a mineral exploration and development company, with a portfolio of
Resources:(Reserve, Prob.): 120Mt @ 1.67g/t Pt, 1.87g/t Pd, 0.26g/t Au, 0.13g/t Rh, 0.15% Cu, 0.32% Ni
CP/QP:[Resources]: Harry Parker, Timothy Kuhl (Amec Foster Wheeler Plc)
ABSTRACT:Ivanhoe is a mineral exploration and development company, with a portfolio of properties located in Africa. The Ivanhoe strategy is to build a global, commodity-diversified mining and exploration company. Ivanhoe has focused on exploration within the Central African Copperbelt and the Bushveld Complex. In addition, Ivanhoe holds interests in prospective mineral properties in the Democratic Republic of the Congo (DRC), Gabon, and Australia. Ivanhoe currently has three key assets: (i) the Kamoa Project; (ii) the Platreef Project, and (iii) the Kipushi Project. In 2013 Ivanhoe changed its name from Ivanplats Ltd. to Ivanhoe Mines Ltd. Ivanhoe holds a 64% interest in South African Mining Right LP30/5/2/2/1/10067MR, while a Japanese consortium (the Japanese Consortium), comprising Itochu Corporation (Itochu); ITC Platinum Development Ltd. (ITC) an affiliate of Itochu; Japan Oil, Gas and Metals National Corporation (JOGMEC); and Japan Gas Corporation (JGC), holds a 10% interest, and local communities, local entrepreneurs, and employees hold the remaining 26% as a result of the Broad-Based Black Economic Empowerment (B-BBEE) transaction (the B-BBEE Partners), implemented on 26 June 2014. The Japanese Consortium's interest in the Platreef Project was acquired in two tranches for a total investment of US$290 million, which is being used to fund ongoing exploration and pre-development work.

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