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Ivanhoe Reports Kamoa-Kakula Copper Project Sets Fresh Monthly Record for Underground Development with 2,069 Metres Achieved in September; More than 22.6 Kilometres Now Complete - 44% Ahead of Plan
Construction of the project's first 3.8 million-tonne-per-annum (Mtpa) processing plant and s...
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[{"type":"text","content":"Ivanhoe Reports Kamoa-Kakula Copper Project Sets Fresh Monthly Record for Underground Development with 2,069 Metres Achieved in September; More than 22.6 Kilometres Now Complete - 44% Ahead of PlanConstruction of the project's first 3.8 million-tonne-per-annum (Mtpa) processing plant and surface infrastructure at the high-grade Kakula Mine more than 52% complete, with first production less than a year awayOrders now being placed for the long-lead items for the project's second 3.8 Mtpa processing plantDevelopment from Kakula's southern decline nearing the centre of the orebody, where grades average between +5% and +8% copperPre-production surface stockpiles at Kakula North, Kakula South and Kansoko now contain an estimated 803,000 tonnes of ore Kolwezi, Democratic Republic of Congo--(Newsfile Corp. - October 1, 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 totalled 2,069 metres in September, setting a new monthly record for the project and bringing the total underground development to more than 22.6 kilometres - approximately 7.0 kilometres, or 44% ahead of schedule.The project's monthly total of 2,069 metres of underground development is comprised of 1,696 metres at the Kakula Mine and 373 metres at the Kansoko Mine, which is located at the Kamoa Deposit - approximately 10 kilometres north of the Kakula Mine.Several underground development headings at the Kakula Mine now have transitioned into the higher-grade ore zones near the centre of the deposit, grading between approximately +5% copper and +8% copper. October will be the first month of mining in Kakula's high-grade ore from the southern access drives, and this ore will be stored on a separate high-grade surface stockpile near the southern decline. Mining on the northern side of the orebody also will soon intersect the higher grade ore.The main access drives between northern and southern declines have less than 520 metres remaining before they connect in the high-grade centre of the deposit. The connection is expected to occur next month and will significantly increase ventilation to the centre of the orebody, allowing for additional mining crews to begin work in Kakula's high-grade ore zones.In addition to driving the main connecting access...