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Kamoa-Kakula Copper Project Mines a Record 250,000 Tonnes of Development Ore Grading 4.85% Copper in November, Accelerating Both Grade and Tonnage of Copper Ore Added to the Project's Surface Stockpiles
Pre-production ore stockpiles now hold 1.25 million tonnes grading 3.75% copper, containing m...
About this update from Ivanhoe Mines Ltd. Class A
[{"type":"text","content":"Kamoa-Kakula Copper Project Mines a Record 250,000 Tonnes of Development Ore Grading 4.85% Copper in November, Accelerating Both Grade and Tonnage of Copper Ore Added to the Project's Surface StockpilesPre-production ore stockpiles now hold 1.25 million tonnes grading 3.75% copper, containing more than 46,700 tonnes of copperUnderground development totalling 2,163 metres completed in November; more than 26.8 kilometres now complete - 9.0 kilometres ahead of planAccess to Kakula's +8% copper ore in the centre of deposit established with the connection of northern and southern main access tunnels in early NovemberIn November, Kakula's central connection development produced 93,000 tonnes grading 4.95% copper from the southern decline, including 41,000 tonnes of high-grade ore grading 7.82% copper, and 124,000 tonnes grading 5.03% copper from the northern decline Overall progress of Kamoa-Kakula's first phase, 3.8 Mtpa mining and milling operation now approximately 63% complete, with first copper concentrate production scheduled for July 2021Kolwezi, Democratic Republic of Congo--(Newsfile Corp. - December 2, 2020) - Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) Co-Chairs Robert Friedland and Yufeng \"Miles\" Sun are pleased to announce that underground development at the Kamoa-Kakula Copper Project in the Democratic Republic of Congo (DRC) produced a combined 250,000 tonnes of ore grading 4.85% copper in November from the Kakula and Kansoko mines. The tonnage was 29% higher than achieved in October, while the monthly copper grade increased from 4.01% to 4.85%.The project's pre-production surface stockpiles now contain approximately 1.25 million tonnes of high-grade and medium-grade ore at an estimated grade of 3.75% copper. Contained copper in the stockpiles increased by approximately 12,100 tonnes in November - a 55% increase over October's production - to a cumulative total of more than 46,700 tonnes (the current copper price is approximately US$7,670 a tonne). The project is on track to have approximately three million tonnes of high-grade and medium-grade ore stockpiled on surface, containing more than 125,000 tonnes of copper, prior to the planned start of production in July 2021. Mr. Friedland and Mr. Sun also noted that underground mine development totalled 2,163 metres in November - only 10 metres shy of establishing another new...