49 slides from Ivanhoe Mines Ltd. Class A's corporate update, Oct 25, 2019
Slide 1: Welcome to Kamoa Copper SA
Welcome to Kamoa Copper SA 25th October 2019 Investors Site Visit
Slide 2: Kamoa-Kakula Project Map
Kamoa-Kakula Project Map KAMOA CAMP KANSOKO KAKULA Kakula Decline Kakula Vent Decline No 2
Slide 3: Current Exploration Areas
Current Exploration Areas T y B 5 8 Lemauces Kamoa Far 7 ‘ North [4 a 5 10 oO —€ kil s Western Foreland homenres exploration licences {Ivanhoe Mines 100%) exploration Permit 2 | e802009 eaccooo | |-— Total Capper ("%m) (2.0% cut-off) Kamoa —,| | : Mining Licence a 2 (397.4km?) Uoint Venture) Explora
Slide 4: Kamoa-Kakula Combined Resource Statement
Kamoa-Kakula Combined Resource Statement Mineral Resource Statement, February 2018, 1% copper cut-off over minimum thickness of 3 metres Vertical Contained Contained Tonnes Area Copper Deposit Category Thickness Copper Copper (millions) (sq. km) Grade (m) (kt) (Bn lbs) Indicated 759 50.7 2.57% 5.5 1
Slide 5: Kamoa North
Operational Progress Kamoa North
Slide 6: Kamoa North – DD1450 target area – Structural Trends
Kamoa North – DD1450 target area – Structural Trends
Slide 7: Kamoa North – DD1450 target area – shallow area potential
Kamoa North – DD1450 target area – shallow area potential
Slide 8: Kamoa North – DD1450 target area – results and progress
Kamoa North – DD1450 target area – results and progress
Slide 9: Kamoa North – comparisons between other areas
Kamoa North – comparisons between other areas • Grade profiles plotted on the same scale show the significance of the grades seen between the different project areas
Slide 10: Kamoa North – DD1450 target – Examples of mineralisation
Kamoa North – DD1450 target – Examples of mineralisation • A: DKMC_DD015, sample taken from 363.40 metres showing very strong mineralisation hosted in siltstone containing chalcopyrite. • B: DKMC_DD1508, sample taken 203 metres showing very strong mineralisation in siltstone containing chalcopyrite.
Slide 11: 3D Model of Bonanza Zone
3D Model of Bonanza Zone Bonanza Zone Small antiform/roll in KPS top due to fault structure Ki1.1.2 Reported Intersections (KPS) as the Bonanza zone Ki1.1.1 (Barren) Ki1.1.1 (Mineralised Zone) R4.2 (Sanstone Footwall) Upgraded Mineralised Zone Multiple fault structures KAMOA COPPERsa Société anonyme
Slide 12: Kamoa North (Far North) target area – Grades
Kamoa North (Far North) target area – Grades
Slide 13: Kamoa North (Far North) target area – results and progress
Kamoa North (Far North) target area – results and progress
Slide 14: Kamoa North – (Far North) Cross section
Kamoa North – (Far North) Cross section • East West cross section shows onlapping of the stratigraphic units towards the East. • The “Sweet Spot” appears to be at the point where the KPS is close to the footwall and allows favorable clast poor diamictite and/KPS close to the mineralizing fluid sourc
Slide 15: Kansoko Mine
Operational Progress Kansoko Mine
Slide 16: Kansoko Mine
Kansoko Mine Kansoko first blast 11 May 2016
Slide 17: Kansoko Mine (Underground Plan)
Kansoko Mine (Underground Plan) First Controlled Convergence Room- and-Pillar mining area to be mined at TCu 2.9%. First blast 11 May 2016, a total of 2603m was completed mid August 2017 Room-and-Pillar area to be mined at TCu 5.3%
Slide 18: Kakula Mine
Operational Progress Kakula Mine
Slide 19: Kakula Mine
Kakula Mine Kakula Box-cut first blast 28 June 2017 Kakula Declines first blast 16 November 2017
Slide 20: Kakula Vent Decline No 2
Kakula Vent Decline No 2 Started bush clearing 16 November 2018 Kakula Vent Declines first surface blast 20 December 2018 Kakula Vent Declines first underground blast 13 March 2019
Slide 21: Kakula five-year mine plan
Kakula five-year mine plan KAMOA COPPERsa Société anonyme avec conseil d’administratio:
Slide 22: Mining (Kakula Actual)
Mining (Kakula Actual) Plan View Vent Shaft 1 (VS 1) Vent Shaft North West 1 (VS-NW 1)
Slide 23: Kakula mining (purple) and five-year mine plan
Kakula mining (purple) and five-year mine plan
Slide 24: Surface Conveyor Layout
Surface Conveyor Layout Surface conveyor layout – showing main decline belt, reclaim tip, by – pass conveyors and the ROM stockpile feed conveyor
Slide 25: Surface Conveyor Layout
Surface Conveyor Layout
Slide 26: UG Transfer Bins
UG Transfer Bins KAMOA COPPERsa Société anonyme avec col
Slide 27: UG Crusher Layout
UG Crusher Layout
Slide 28: UG Ore Transfer System
UG Ore Transfer System
Slide 29: 1050m Dam Layout
1050m Dam Layout
Slide 30: East Transfer Bin Top
East Transfer Bin Top KAMOA COPPERsa
Slide 31: Plant Overview
Plant Overview KAMOA COPPERsa Société anonym
Slide 32: Plant Crushing and Screening
Plant Crushing and Screening
Slide 33: HPGR Building
HPGR Building
Slide 34: Milling Feed End
Milling Feed End KAMOA COPPERsa
Slide 35: Flotation
Flotation KAMOA COPPERsa Société anonyme avec conseil d'administration
Slide 36: Re-Grinding
Re-Grinding KAMOA COPPERsa Société anonyme avec conseil d’administration
Slide 37: Concentrate Thickening Filtration and Bagging
Concentrate Thickening Filtration and Bagging
Slide 38: Development Plan
Development Plan 18 Mtpa— 15 Mtipa— 12 Mtpa— 9Mtpa 4 6Mtpa- 3 Mtpa Plant Expansion to 18 Mtpa Plant Expansion to 15 Mipa Plant Expansion to 12 Mtpa Plant Expansion to 9 Mipa Plant Expansion fo 6 Mtpa 3 Mtpa initial rate 3 Mtpa Plant Construction Kakula Mine Development Project Year KAMOA COPPERsa So
Slide 39: Interconnected grid power generation assets
Interconnected grid power generation assets Western network 1750 km 500 kV DC Inga 1120 MW Zongo : 75 MW (1955) Southern network Inga I : 351 MW (1972) Inga II :1424 MW (1982) Mwadingusha: 71 MW -1930 Total :1850 MW Koni : 42 MW-1950 Zongo II: 150 MW Kolwezi Nzilo :108 MW-1953 Nseke :260 MW-1957 Tot
Slide 40: Refurbishment Status - Mwadingusha
Refurbishment Status - Mwadingusha Assembling of turbines in progress Substation commissioned and energized
Slide 41: Power lines
Power lines ne RosterSCK i if PostesRO’ Kansoko | ) | image ©2019 Maxar Technolegics | E al oo ee | aii : Google Eart | I J made © 2018Maxar Technolcaies Poste 220kV KAKULA (KES) Date des images satelite :17/6/2019 351 213658.93 m E8808637.25 mS elev. 1499m _ attude 41.21 im © Société anonyme avec c
Slide 42: Social Development
Social Development BUILD TRUST TO SECURE OUR OPERATIONS
Slide 43: Local Economy Development
Local Economy Development Sewing project Brick making project: TUJENGE - 19 jobs created, of which 6 are women - High potential for increased demand (mine construction, town development, influx) - 28 women trained in sewing; will be equipped with industrial machines to produce overalls, curtains, sh
Slide 44: Community Relations
Community Relations PERFORMANCE Education • 3 schools built; 4th under construction • 2 schools renovated • Model for high-quality education provided to 1,200 students • Renovation and equipment of health centres • Improvement of access to front line health for 30,000 people • New clinic to be bui
Slide 45: Community Relations
Community Relations PERFORMANCE Water Sanitation • 7 community water boreholes drilled • 2 water springs renovated • Target is minimum one borehole per village • 5,000 people have access to potable water and 10,000 by 2020 45
Slide 46: Kamoa Sustainable Livelihoods Program
Kamoa Sustainable Livelihoods Program PERFORMANCE Poultry • 37 women trained in chicken farming (layers and broilers) • Target is to meet at least 30,000 tons of broiler meat per year • Community layers to produce at least 2,000,000 eggs per year • Demand for both broilers and eggs from the mine a
Slide 47: Kamoa Sustainable Livelihoods Program
Kamoa Sustainable Livelihoods Program PERFORMANCE Crop and Fish Farming • 152 families involved in crop and vegetable production • Products are sold to IFS DRC • Built 28 fish ponds, 600 m² each; target is 50 by 2020 • 10 lead farmers supported by Kamoa • Projected production of 50 tons of fresh t
Slide 48: Community Relations
Community Relations Resettlement Fair compensation and life improvement Before Now • 45 families resettled in much better conditions • Resettlement of additional 64 families planned for this year • Livelihoods restoration • Water provided • Schoolling provided • Clinic to be provided
Slide 49: Thank you and enjoy your visit
Thank you and enjoy your visit