Business
Kamoa-Kakula Copper Project Mines and Stockpiles 269,000 Tonnes of Ore from the Kakula and Kansoko Mines in December, at an Average Grade of 5.36% Copper, Including 55,000 Tonnes Grading 8.75% Copper from the High-Grade Centre of the Kakula Mine
Pre-production ore stockpiles now hold 1.52 million tonnes grading 4.03% copper, containing m...
About this update from Ivanhoe Mines Ltd. Class A
[{"type":"text","content":"Kamoa-Kakula Copper Project Mines and Stockpiles 269,000 Tonnes of Ore from the Kakula and Kansoko Mines in December, at an Average Grade of 5.36% Copper, Including 55,000 Tonnes Grading 8.75% Copper from the High-Grade Centre of the Kakula MinePre-production ore stockpiles now hold 1.52 million tonnes grading 4.03% copper, containing more than 61,000 tonnes of copperRecord underground development of 2,792 metres completed in December; more than 29.8 kilometres now complete - 10.5 kilometres ahead of planRemarkable thickness of the high-grade copper ore in the centre of the Kakula Mine has allowed the expansion of development drifts in this area to 10 metres high by 7.5 metres wide (75 square metres)Overall progress of Kamoa-Kakula's first phase, 3.8-Mtpa mining and milling operation now approximately 68% complete; first copper concentrate production continues to on track for July 2021Kolwezi, Democratic Republic of Congo--(Newsfile Corp. - January 5, 2021) - 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) mined and stockpiled 269,000 tonnes of ore grading 5.36% copper in December from the Kakula and Kansoko mines. The tonnage was 7.6% higher than November, while the copper grade was 10.5% higher.The project's pre-production surface stockpiles now contain approximately 1.52 million tonnes of high-grade and medium-grade ore at an estimated blended grade of 4.03% copper. Contained copper in the stockpiles increased by approximately 14,400 tonnes in December - a 30.9% increase over November's production reflecting the increased mining in the ultra-high-grade centre of the Kakula Deposit - to a cumulative total of more than 61,000 tonnes (the current copper price is approximately US$7,900 a tonne). The project is on track to have approximately three million tonnes of high-grade and medium-grade ore stockpiled on surface, holding more than 125,000 tonnes of contained copper, prior to the planned start of processing in July 2021. Mr. Friedland and Mr. Sun also noted that the project team established another new monthly record for underground mine development in December with a total of 2,792 metres of advancement - 620 metres more than the previous monthly high ac...