Exploration focused on the Western Foreland, following the high-grade Kitoko copper discovery

Kitoko’s newly discovered copper horizon on the Kibaran Basement significantly increases prospectivity of the Western Foreland for tier-one discoveries

Expanded 2024 exploration program targets expansion of Kitoko’s 1.9-kilometre length, open in all directions

Ivanhoe Mines to test geologic model discovered in hole DD008 in vast areas of the Western Foreland with newly enhanced prospectivity

Ivanhoe Mines in discussions with multiple potential strategic investors

Kolwezi, Democratic Republic of Congo–(Newsfile Corp. – December 7, 2023) – Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) Founder and Executive Co-Chair Robert Friedland and President Marna Cloete announced that the company is substantially increasing its group exploration activities and budget for 2024. The group budget for 2024 will quadruple to approximately $90 million, with exploration activities primarily focused on the 2,654-square-kilometre Western Foreland Exploration Project. The budget increase follows the November 28, 2023 announcement of the geologically significant, high-grade Kitoko copper discovery, as well as the maiden Mineral Resource estimates for the Makoko and Kiala high-grade copper discoveries, as announced on November 13, 2023, in the Western Forelands.

The Kitoko discovery confirms the presence of a globally significant high-grade copper mineralizing system. see & read more on
https://www.ivanhoemines.com/news-stories/news-release/ivanhoe-mines-to-quadruple-2024-exploration-budget/