19 slides from Ivanhoe Mines Ltd. Class A's corporate update, Jun 12, 2025
Slide 1: Kakula Mine Investor Webinar
KAKULA MINE INVESTOR WEBINAR June 12, 2025 www.ivanhoemines.com | TSX: IVN; OTCQX: IVPAF
Slide 2: Disclaimer and Forward-Looking Statements
DISCLAIMER AND FORWARD-LOOKING STATEMENTS The information contained in this presentation and other information furnished by or on behalf of Ivanhoe Mines Ltd. (“Ivanhoe” or the “Company”) has been prepared to assist the reader in understanding the business and operational results of Ivanhoe with res
Slide 3: Opening Remarks
OPENING REMARKS Robert Friedland, Founder & Executive Co-Chairman www.ivanhoemines.com | TSX: IVN; OTCQX: IVPAF
Slide 4: Summary of Recent Events at Kakula Mine
SUMMARY OF RECENT EVENTS AT KAKULA MINE Marna Cloete, President & Chief Executive Officer Mark Farren, Chief Operating Officer Alex Pickard, EVP Corporate Development & IR www.ivanhoemines.com | TSX: IVN; OTCQX: IVPAF
Slide 5: Kakula Mine – Summary of Recent Events
KAKULA MINE – SUMMARY OF RECENT EVENTS May 18, 2025: seismic activity was experienced at Kakula Mine; all personnel were safely evacuated and mobile equipment removed Seismic activity continued but has since decreased; underground pumping capacity impacted leading to eastern side of Kakula flooding
Slide 6: Kamoa-Kakula Orientation
KAMOA-KAKULA ORIENTATION Seismic activity centred around Kakula operation; Kamoa and Kansoko mines and concentrators continue uninterrupted KAMOA 1 & 2 500 ktpa MINE PORTAL SMELTER KAKULA NORTH MINE PORTAL Kamoa & Kansoko KANSOKO Mines MINE PORTAL PHASE 1&2 CONCENTRATORS 9.2 Mtpa Outline of 12 km Ka
Slide 7: Kakula Mine Workings in Context
KAKULA MINE WORKINGS IN CONTEXT Majority of the original Kakula deposit has not yet been mined, with Kakula West undeveloped Kakula North Portal >5% copper >4% copper >3% copper Kakula South >2% copper Portal Regional fault 2 km Notes: Existing underground development as at May 2025. Illustration is
Slide 8: Kakula: Area Mined Since 2021
KAKULA: AREA MINED SINCE 2021 Kakula north Smelter twin decline Phase 1 & 2 concentrators Western side Eastern side Scale: 1 kilometre Kakula south twin decline 8
Slide 9: Water Levels Stable; Dewatering to Start in Q3
WATER LEVELS STABLE; DEWATERING TO START IN Q3 Depth profile of Kakula Mine’s underground development Seismic activity caused damage to Kakula underground pumping infrastructure – comprehensive recovery plan in place Water inflow rates approximately 4,000 l/s Stage One (completed): 4,400l/s of addit
Slide 10: Phased, Conservative and Safe Restart of Kakula Mining Activities
PHASED, CONSERVATIVE AND SAFE RESTART OF KAKULA MINING ACTIVITIES Restore pumping and stabilize 1 underground water levels (June 2) Recommence mining in western side of 2 Kakula (June 7) – ramp up to 3.6 Mtpa during H2 2025 2 1 Develop new access drives to new 3 3 mining area to the east 4 Dewater e
Slide 11: Preliminary Geotechnical Findings
PRELIMINARY GEOTECHNICAL FINDINGS Seismic activity originated in an area within the eastern side of the Kakula Mine with a mature percentage of extraction Ore blocks, targeted for secondary extraction, started to yield, resulting in stress redistribution onto regional pillars, which became over-stre
Slide 12: Key Recommendations from Preliminary Geotechnical Findings
KEY RECOMMENDATIONS FROM PRELIMINARY GEOTECHNICAL FINDINGS Modify short-term mine plan to 1 increase pillar widths for additional structural support Changes to the mining sequence to 2 improve stress distribution and overall stability Enhanced geotechnical monitoring 3 to be installed throughout the
Slide 13: Kamoa & Kansoko Mines to Support Kakula Production, Providing Operational Flexibility
KAMOA & KANSOKO MINES TO SUPPORT KAKULA PRODUCTION, PROVIDING OPERATIONAL FLEXIBILITY Mining rate at Kamoa and Kansoko currently 6.8 Mtpa, supporting the Phase 3 concentrator Phase 3 concentrator operating 30% above design capacity at 6.5 Mtpa Optionality to expand mining rate further with support f
Slide 14: Processing Strategy – Current & Rest of Year
PROCESSING STRATEGY – CURRENT & REST OF YEAR Phase 1 & 2 concentrators Current throughput Next six months target processing stockpiles at ~50% capacity – lower grade, 9.2 Mtpa 9.2 Mtpa but low cost (Nameplate) (Nameplate) Spare 3.8 Mt at ~3% Cu in high and capacity medium grade stockpiles 6.5 Mtpa 6
Slide 15: Direct-to-Blister Smelter: First Anode in October
DIRECT-TO-BLISTER SMELTER: FIRST ANODE IN OCTOBER Heat-up of smelter expected to commence in September; expected to be well above minimum operating capacity of 50% or 250,000 tonnes of copper annualized 33,000 tonnes of unsold copper in concentrate as at May 31, 2025 in preparation for the smelter R
Slide 16: 2025 Revised Production Guidance
2025 REVISED PRODUCTION GUIDANCE Revised 2025 production Waterfall breakdown of original to revised 2025 production guidance: 370,000 – 420,000 guidance (‘000’s tonnes of copper) tonnes of copper in concentrate % Change -9% -16% -2% -2% -28% Most significant impact relating -47 to Phase 1 & 2 mills
Slide 17: What's Next at Kamoa-Kakula
WHAT’S NEXT AT KAMOA-KAKULA Conservatively and safely ramp-up mining activities in Ongoing western side of Kakula to 3.6 Mtpa Optimize concentrator capacity to maximise production Ongoing utilizing our stockpiles and multiple mining areas Provide updated cash cost and capital cost guidance July 31,
Slide 18: Kamoa-Kakula Remains a Generational Copper Mine
KAMOA-KAKULA REMAINS A GENERATIONAL COPPER MINE >$6.0 billion capital invested – largely funded by project cash flows Lowest capital cost intensity in the copper industry High margin and green copper producer, generating $6.1 billion EBITDA since 2021 Within 4 years became 8% of DRC GDP 90% of emplo
Slide 19: Kakula Mine Investor Webinar – Management Q&A
KAKULA MINE INVESTOR WEBINAR MANAGEMENT Q&A 19