Business
Ivanhoe Mines Reports Mineral Resources for Makoko and Kiala Discoveries in the Western Foreland
Makoko contains Indicated Mineral Resource of 16 million tonnes at 3.55% copper plus Inferred Min...
About this update from Ivanhoe Mines Ltd. Class A
[{"type":"text","content":"Ivanhoe Mines Reports Mineral Resources for Makoko and Kiala Discoveries in the Western ForelandMakoko contains Indicated Mineral Resource of 16 million tonnes at 3.55% copper plus Inferred Mineral Resource of 154 million tonnes at 1.97% copper using a 1.5% copper cut-offKiala contains Indicated Mineral Resource of 5 million tonnes at 3.56% copper using a 1.5% copper cut-offMakoko ranks as the world's third-largest and highest-grade copper discovery since Kakula in 2016Ivanhoe has now discovered 38.7 million tonnes of contained copper in Measured & Indicated Resources and a further 9.4 million tonnes in Inferred Resources across the Western Foreland shelf, including Kamoa and KakulaMining rights covering Makoko and Kiala discoveries awarded for an initial period of 25 yearsWestern Foreland to benefit from improving DRC infrastructure, including power and the Lobito Rail Corridor, which passes through the licencesWestern Foreland exploration update on new targets expected before year-endKolwezi, Democratic Republic of Congo--(Newsfile Corp. - November 13, 2023) - Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) Executive Co-Chair Robert Friedland and President Marna Cloete are pleased to announce the independently verified, maiden Mineral Resource estimates for the high-grade Makoko and Kiala deposits within Ivanhoe's Western Foreland Exploration Project. Makoko and Kiala are two distinct discoveries adjacent to the Kamoa-Kakula Copper Complex and continue Ivanhoe's distinguished track record of making greenfield discoveries in this uniquely endowed geological terrain. The two deposits occur within the 2,407-square-kilometre Western Foreland Exploration Project, which lies adjacent to the 400-square-kilometre Kamoa-Kakula Copper Complex in the Democratic Republic of Congo (DRC). The Western Foreland licences are 80% to 100%-owned by Ivanhoe Mines.Ivanhoe Founder and Executive Co-Chairman Robert Friedland commented: \"These outstanding results are the culmination of over twenty years of effort, starting with grassroots, frontier exploration to define a previously unknown mineral horizon with the potential to host huge copper deposits with spectacular grades.\"The theory was proven to be correct, as our team of visionary geoscientists discovered Kamoa in 2008, followed by the monumental Kakula discovery in 2016. In little over five year...