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Kamoa-Kakula Sets New Daily Production Record of 729 Tonnes of Copper; Approximately 63,000 Tonnes of Copper Produced Year-to-date to October 20, 2021
Phase 1 concentrator plant now operating at steady-state design; optimization work underway t...
About this update from Ivanhoe Mines Ltd. Class A
[{"type":"text","content":"Kamoa-Kakula Sets New Daily Production Record of 729 Tonnes of Copper; Approximately 63,000 Tonnes of Copper Produced Year-to-date to October 20, 2021Phase 1 concentrator plant now operating at steady-state design; optimization work underway to further enhance operating performance2021 production guidance range for copper in concentrate raised to 90,000 to 95,000 tonnesPhase 2 concentrator approximately 60% complete, with construction team achieving 4 million hours worked without a lost-time injuryPlanning underway for a new box cut and decline to access mining areas for Phase 3 expansionMining crews delivered 395,000 tonnes of ore grading 5.73% copper in October, including 174,000 tonnes grading 6.91% copper from the centre of the Kakula MineSurface ore stockpiles now hold 3.73 million tonnes grading 4.72% copper, containing more than 175,000 tonnes of copperKolwezi, Democratic Republic of Congo--(Newsfile Corp. - November 1, 2021) - Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) Co-Chairs Robert Friedland and Yufeng \"Miles\" Sun announced that Kamoa-Kakula's Phase 1, 3.8 million-tonne-per-annum (Mtpa) concentrator plant has met, or exceeded, all design criteria and now is operating at steady-state. Optimization work is underway to further enhance the plant's operating performance.A total of 323,368 tonnes of ore was milled in October at an average feed grade of 5.89% copper, exceeding the monthly design run rate of 316,667 tonnes.Production during the last 10 days of October averaged 611 tonnes of copper in concentrate per day. On October 25, a new daily production record of 729 tonnes of copper in concentrate was achieved.A record 16,211 tonnes of copper in concentrate was produced (filtered product) in the reporting month ended October 20 - Kamoa Copper's fifth full month of production -nearing the Phase 1 target output of 16,666 tonnes per month, or 200,000 tonnes per annum. The average floated concentrate copper grade in October was 51.5%. A total of 62,974 tonnes of copper in concentrate had been produced year-to-date as of October 20, 2021, for delivery to either the Lualaba Copper Smelter near Kolwezi, or to international markets. Copper flotation recoveries averaged 85.1% in October. The Phase 1, steady-state-design copper recovery is approximately 86%, depending on ore feed grade.As the Phase 1 concentrator plant is operati...