Slide 1: Ivanhoe Electric to Host a Conference Call on the Santa Cruz Initial Assessment
Ivanhoe Electric to Host a Conference Call on the Santa Cruz Initial Assessment On Wednesday, September 6, 2023, Ivanhoe Electric will host a conference call to discuss the results of the Santa Cruz IA. The call will include remarks from Ivanhoe Electric's Executive Chairman Robert Friedland, Presid
Slide 2: Operating costs, capital expenditures and economics of the IA
Total operating costs (mining, processing, G&A and other) are expected to average $43.48 per tonne processed, including mining costs of $27.33 per tonne, processing costs of $12.84 per tonne and G&A and other costs of $3.31 per tonne. The initial capital expenditures total $1.15 billion, which inclu
Slide 3: Phased Approach to Underground Mining Optimizes Initial Capital Expenditures
Note: Copper price points calculated by Ivanhoe Electric and inserted into IA sensitivity model. The IA is preliminary in nature and includes an economic analysis that is based, in part, on inferred mineral resources that are considered too speculative geologically to have the economic consideration
Slide 4: Figure 4. Completed IA mine design
Figure 4. Completed IA mine design plan identifying the Santa Cruz deposit, Santa Cruz zone of exotic mineralization and East Ridge deposit. Key mining infrastructure is also depicted, such as the portal box cut, twin declines, lateral developments and ventilation raises.
Slide 5: Significant Technical Work Completed to Date
Significant Technical Work Completed to Date Increased Knowledge of the Regional Aquifer and Groundwater Flows Ivanhoe Electric has conducted a detailed analysis of historical hydrogeological information and completed additional drill holes focused on obtaining additional hydrogeological information
Slide 6: Committed to Utilizing Industry-Leading Mining Technologies and Renewable Power Sources
Ivanhoe Electric is Committed to Utilizing Industry-Leading Mining Technologies and Renewable Power Sources The IA applies modern mining technologies, including the use of railveyor technology for the efficient movement of mined mineralization from underground to surface. Railveyor is a safe and aut
Slide 7: IA base case envisions 70% onsite renewable power
Additionally, the IA base case envisions that 70% of the Project’s power requirements will be generated from onsite renewable power sources. The subsequent PFS will investigate the potential of onsite generation of power from combined solar panels, battery storage and a geothermal-driven microgrid t
Slide 8: Santa Cruz projected to produce less CO2e per tonne of copper
Source: Wood Mackenzie, 2023 (single year 2022 data shown, the Santa Cruz 2023 IA has not been reviewed by Wood Mackenzie). Figure 8. Santa Cruz is projected to produce less CO 2 e per Tonne of Copper than other USA copper mines currently in production.
Slide 9: Santa Cruz LOM C1 copper cash costs below industry average
Source: Wood Mackenzie, 2023 (single year 2022 data shown, the Santa Cruz 2023 IA has not been reviewed by Wood Mackenzie). Figure 9. Santa Cruz LOM C1 copper cash costs of $1.36/lb in the IA are projected to be below industry average.
Slide 10: Santa Cruz has potential to be a significant US copper producer
Source: Wood Mackenzie, 2023 (single year 2022 data shown, the Santa Cruz 2023 IA has not been reviewed by Wood Mackenzie). Figure 10. Santa Cruz has the potential to be a significant copper producer in the US with attractive operating costs.
Slide 11: Qualified Person and technical disclosure
Other disclosures of a scientific or technical nature included in this news release with regard to the Santa Cruz Project have been reviewed, verified, and approved by Glen Kuntz, P.Geo, a Qualified Person as defined by Regulation S-K, Subpart 1300 promulgated by the U.S. Securities and Exchange Com