Business
Ivanhoe Mines Announces Completion of Platreef's Production Shaft 1 at the Tier-One Palladium, Rhodium, Nickel, Platinum, Copper and Gold Project in South Africa
Platreef Phase 1 production on schedule for Q3 2024 First blast on Platreef's 950-metre le...
About this update from Ivanhoe Mines Ltd. Class A
[{"type":"text","content":"Ivanhoe Mines Announces Completion of Platreef's Production Shaft 1 at the Tier-One Palladium, Rhodium, Nickel, Platinum, Copper and Gold Project in South AfricaPlatreef Phase 1 production on schedule for Q3 2024First blast on Platreef's 950-metre level completed on April 22, lateral mine development toward Flatreef orebody commencesIvanplats takes delivery of first battery-electric mining fleet, planning of Platreef's initial solar power plant well underwayCape Town, South Africa--(Newsfile Corp. - May 9, 2022) - Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) Executive Co-Chair Robert Friedland and President, Marna Cloete, announced today at the African Mining Indaba Conference, the completion of the Shaft 1 production changeover at the company's tier-one Platreef palladium, rhodium, nickel, platinum, copper and gold project in South Africa. Shaft 1 will serve as Platreef's initial production shaft and is approximately 450 metres away from the first high-grade area of the Flatreef orebody scheduled to be mined during Phase 1 production. On April 22, 2022, Ivanplats celebrated the first blast at Platreef's 950-metre level, marking the commencement of lateral mine development, with first production anticipated in the third quarter of 2024. Underground mine development will use battery-electric M2C drill rigs and 14-tonne load haul dumpers being manufactured by Epiroc, a leading mining equipment manufacturer, at its facilities in Örebro, Sweden. The partnership with Epiroc for emissions-free mining equipment is an important first step toward reducing the carbon footprint of the mine, with learnings to be applied across all of Ivanhoe Mines' operations. Watch a May video highlighting mine development activites at Platreef: https://vimeo.com/707495611/caee06c0d1 On April 22, 2022, Ivanplats celebrated the first blast on Platreef's 950-metre level, marking the commencement of lateral mine development toward the high-grade Flatreef ore body.To view an enhanced version of this graphic, please visit:https://orders.newsfilecorp.com/files/3396/123174_7a3bae8aa44e49f9_002full.jpg\"The completion of changeover is another noteworthy milestone in the growth of Ivanhoe Mines into a major, diversified miner; one with top ESG credentials and an industry-leading portfolio of tier-one assets,\" said Ms. Cloete. \"Given our string of successes at Kam...