Business
Ivanhoe Mines to Commence Exploration Activities in Angola
22,195 square kilometres of prospecting rights granted in Moxico and Cuando Cubango provinces ...
About this update from Ivanhoe Mines Ltd. Class A
[{"type":"text","content":"Ivanhoe Mines to Commence Exploration Activities in Angola22,195 square kilometres of prospecting rights granted in Moxico and Cuando Cubango provincesLicence package equivalent to half the size of SwitzerlandProject mobilization to commence in Q1 2024United States Geological Survey also signs MOU with Geological Institute of Angola for the mapping of the country's critical mineralsLuanda, Angola--(Newsfile Corp. - November 27, 2023) - Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) Executive Co-Chair Robert Friedland and President Marna Cloete are pleased to announce that the company has been granted 22,195 square kilometres of greenfield prospecting rights for exploration in the Moxico and Cuando Cubango Provinces of Angola. A mining investment contract (MIC), officially granting the prospecting rights, was signed with the Angolan National Agency for Mineral Resources during the 2023 Angolan Mining Conference held in Luanda on November 23, 2023. The extensive package of prospecting rights covers highly prospective, greenfield copper exploration ground. Ivanhoe's exploration activities are expected to commence following team mobilization in the new year.Also at the Angolan Mining Conference, the Angolan Secretary of State for Mineral Resources, Jânio Victor, on behalf of the Instituto Geologico de Angola (Geological Institute of Angola) and the United States Ambassador for Angola, Tulinabo Salama Mushingi, on behalf of the United States Geological Survey (USGS), signed a memorandum of understanding to work together mapping the country's critical minerals, such as copper, lithium, cobalt and manganese. Ivanhoe Founder and Executive Co-Chairman Robert Friedland commented: \"Ivanhoe Mines has an exceptional track record of discovering tier-one deposits in new frontiers… and we are now commencing exploration activities in the underexplored regions of Angola that we believe could host an extension of the Central African Copperbelt. We are incredibly privileged to own 100% of a massive exploration land package with outstanding geological potential. We will be deploying our in-depth, proprietary geological insights gained from Ivanhoe's exploration team in the Western Foreland and at Kamoa-Kakula.\"We thank the government of Angola for welcoming Ivanhoe Mines and entrusting us to explore their vast mineral endowment. Our goal is t...