Improved operational performance at Kamoa-Kakula increased copper production to record levels since mid-March, 2025

Kamoa-Kakula produced near-record 133,120 tonnes of copper during first quarter, with accelerating quarterly production anticipated

20 megawatts of additional imported hydroelectric power secured, further 30 megawatts expected imminently; up to 50 megawatts of Inga II Turbine #5 hydroelectric power expected from Q4 2025

Given sufficient hydroelectric power, start-up of Kamoa-Kakula’s direct-to-blister smelter to commence next month, with 99.7% copper anode production from July 2025

Ivanhoe Mines to issue Q1 2025 financial results after market on April 30, host conference call for investors
on May 1, 2025

Johannesburg, South Africa–(Newsfile Corp. – April 7, 2025) – Ivanhoe Mines’ (TSX: IVN) (OTCQX: IVPAF) Executive Co-Chair Robert Friedland and President & Chief Executive Officer Marna Cloete announced today, alongside the company’s first-quarter production results, that Kamoa-Kakula has reached a major turning point following a significant increase in imported hydroelectric power in recent weeks enabling the start-up of the new on-site copper smelter.

Imported hydroelectric power increased by 20 megawatts (MW) to 70 MW in mid-March. Imported hydropower is expected to increase further to 100 MW imminently, representing a 100% increase over recent weeks.

Kamoa-Kakula delivered record production during the last two weeks of March at an annualized rate above its 2025 guidance. The outperformance was also underpinned by strong operating performance from the new Phase 3 concentrator, which delivered record throughput and copper production, exceeding its nameplate design capacity.

Founder and Co-Chairman Robert Friedland commented:
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https://www.ivanhoemines.com/news-stories/news-release/ivanhoe-mines-reports-significantly-increased-hydroelectric-power-availability-for-kamoa-kakula/