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Ivanhoe Electric's Preliminary Feasibility Study for the Santa Cruz Copper Project in Arizona Defines a High-Quality Underground Mining Operation with Strong Economics
Advanced United States Copper Project on Private Land with an After-Tax Net Present Value8% of $1.9 Billion and a 24.0% Internal Rate of Return at Current COMEX Copper PriceUpdated Reserves and Mine Plan Support 100% Heap Leach Process Producing 1.4 Million Tonnes of Copper Cathode Over 23 Year Mine Life Low Initial Capital of $1.24 Billion and First Quartile Unit Cash Costs of $1.32 Per Pound of Copper Highly Engineered Study Will Be Used ...
About this update from Ivanhoe Electric Inc.
[{"type":"text","content":"Advanced United States Copper Project on Private Land with an After-Tax Net Present Value8% of $1.9 Billion and a 24.0% Internal Rate of Return at Current COMEX Copper Price","length":173,"tagName":"p","attribs":{}},{"type":"text","content":"Updated Reserves and Mine Plan Support 100% Heap Leach Process Producing 1.4 Million Tonnes of Copper Cathode Over 23 Year Mine Life ","length":132,"tagName":"p","attribs":{}},{"type":"text","content":"Low Initial Capital of $1.24 Billion and First Quartile Unit Cash Costs of $1.32 Per Pound of Copper ","length":100,"tagName":"p","attribs":{}},{"type":"text","content":"Highly Engineered Study Will Be Used to Secure Project Financing","length":64,"tagName":"p","attribs":{}},{"type":"text","content":"Initial Construction Targeted for First Half 2026, with First Copper Cathode Production Projected in 2028","length":105,"tagName":"p","attribs":{}},{"type":"text","content":"Significant Copper Resources Support Future Expansion Potential on Existing Land Package","length":88,"tagName":"p","attribs":{}},{"type":"text","content":"Phoenix, Arizona--(Newsfile Corp. - June 23, 2025) - Ivanhoe Electric Inc. (NYSE American: IE) (TSX: IE) ("Ivanhoe Electric") Executive Chairman Robert Friedland and President and Chief Executive Officer Taylor Melvin are pleased to announce the completion of the Preliminary Feasibility Study (the "Study") for the Company's Santa Cruz Copper Project in Arizona. Located in the heart of Arizona, a state known for its prolific mining history and its booming technology industry, the Santa Cruz Copper Project is poised to become one of the nation's next major domestic producers of refined copper. The highly engineered Study confirms the strong economics of a high-quality, high-grade underground copper mining operation and heap leach processing facility supported by modern technologies. The NI 43-101 Technical Report co-filed in Canada will include the Study as a Feasibility Study as defined by the Canadian Institute of Mining, Metallurgy and Petroleum.","length":999,"tagName":"p"},{"type":"text","content":"The Preliminary Feasibility Study, as prepared under United States regulatory requirements, provides the requisite engineering studies needed to pursue long-term project financing. Project financing efforts are already underway. Ivanhoe El...