Business
Ivanhoe Mines Reports Kamoa-Kakula Copper Project Achieves Another Monthly Record for Underground Development with 2,172 Metres Completed in October; More than 24.7 Kilometres Now Complete - 7.9 Km Ahead of Plan
194,000 tonnes of development ore grading 4.01% copper mined in October, a 48% increase in to...
About this update from Ivanhoe Mines Ltd. Class A
[{"type":"text","content":"Ivanhoe Mines Reports Kamoa-Kakula Copper Project Achieves Another Monthly Record for Underground Development with 2,172 Metres Completed in October; More than 24.7 Kilometres Now Complete - 7.9 Km Ahead of Plan194,000 tonnes of development ore grading 4.01% copper mined in October, a 48% increase in tonnage over September's output Pre-production ore stockpiles now contain approximately one million tonnes grading 3.47% copperKakula's main access tunnels scheduled to be connected in the next two weeks, positioning the mine to significantly accelerate the tonnage of high-grade ore delivered to surface stockpilesOverall progress of Kamoa-Kakula's first phase, 3.8 Mtpa mining and milling operation now approximately 58% complete, with first production scheduled for July 2021Kolwezi, Democratic Republic of Congo--(Newsfile Corp. - November 2, 2020) - 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 in the Democratic Republic of Congo (DRC) totalled 2,172 metres in October. This marks another new monthly record and brings total underground development to more than 24.7 kilometres - approximately 7.9 kilometres ahead of schedule.Mr. Friedland and Mr. Sun also noted that mining crews produced a combined 194,000 tonnes of ore in October from the Kakula and Kansoko mines, which was 48% higher than achieved in September. The project's pre-production surface stockpiles now contain approximately one million tonnes of high-grade and medium-grade ore at an estimated grade of 3.47% copper. The enormous amount of pre-production development completed to date at both the Kakula and Kansoko mines has positioned the project for a significant acceleration in the tonnage, as well as a marked increase in the grade, of ore added to the project's surface stockpiles beginning this month. The monthly total of 2,172 metres of underground development in October was comprised of 1,809 metres at the Kakula Mine and 363 metres at the Kansoko Mine, which is located at the Kamoa Deposit - approximately 10 kilometres north of the Kakula Mine.At Kakula, both main access tunnels (drives) being advanced from the southern decline, and the spiral access drive being advanced from the northern decline, have recently accessed the high-grade zone near t...