Kamoa-Kakula produced 100,812 tonnes of copper in concentrate in Q2 2024

First concentrate from the Phase 3 concentrator achieved on June 10, 2024, ramp up to steady state expected in Q3 2024

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Kolwezi, Democratic Republic of the Congo–(Newsfile Corp. – July 8, 2024) – Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) Executive Co-Chair Robert Friedland and President Marna Cloete announced today that the Kamoa-Kakula Copper Complex in the Democratic Republic of the Congo (DRC) produced 100,812 tonnes of copper in concentrate during the second quarter of 2024 and 186,925 tonnes of copper in the first half of 2024. Kamoa-Kakula’s Phase 3 concentrator is expected to ramp up to steady-state production in the third quarter, increasing annualized copper production capacity to over 600,000 tonnes. Ivanhoe Mines maintains its 2024 annual production guidance for Kamoa-Kakula at between 440,000 to 490,000 tonnes of copper in concentrate.

Kamoa-Kakula’s Phase 1 and 2 concentrators milled approximately 2.3 million tonnes of ore during the second quarter at an average feed grade of 5.3% copper. Copper production from the Phase 1 and 2 concentrators was 99,706 tonnes during the quarter, at an average flotation recovery rate of 87.0%, exceeding the Phase 1 and 2 concentrator design recovery rate of 86.0%.

Kamoa-Kakula’s Phase 3 concentrator, which was recently completed months ahead of schedule, produced its first concentrate on June 10, 2024, and is undergoing the completion of hot commissioning. Since June 10, the Phase 3 concentrator has produced 1,100 tonnes of copper in concentrate. see & read more on
https://www.ivanhoemines.com/news-stories/news-release/ivanhoe-mines-reports-q2-2024-production-results-for-the-kamoa-kakula-copper-complex/