Kamoa-Kakula sets fresh monthly record for underground development

The Project is 7.0 kilometres or 44% ahead of schedule.

Ivanhoe Mines (TSX: IVN; OTCQX: IVPAF) Co-Chairs Robert Friedland and Yufeng “Miles” Sun announced today that underground development at the Kamoa-Kakula Copper Project totalled 2,069 metres in September, setting a new monthly record for the project and bringing the total underground development to more than 22.6 kilometres – approximately 7.0 kilometres, or 44% ahead of schedule.

Highlights

The project’s monthly total of 2,069 metres of underground development is comprised of 1,696 metres at the Kakula Mine and 373 metres at the Kansoko Mine, which is located at the Kamoa Deposit – approximately 10 kilometres north of the Kakula Mine.

Kamoa-Kakula Copper Project sets fresh monthly record for underground development with 2,069 metres achieved in September; more than 22.6 kilometres now complete – 44% ahead of plan.

Construction of the project’s first 3.8 million-tonne-per-annum (Mtpa) processing plant and surface infrastructure at the high-grade Kakula Mine more than 52% complete, with first production less than a year away.

Orders now being placed for the long-lead items for the project’s second 3.8 Mtpa processing plant.

Development from Kakula’s southern decline nearing the centre of the orebody, where grades average between +5% and +8% copper.

Pre-production surface stockpiles at Kakula North, Kakula South and Kansoko now contain an estimated 803,000 tonnes of ore.

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