EN

Operations & Projects

South Africa

Regional Exploration

Ivanhoe’s DRC exploration group is targeting Kamoa-Kakula-style copper mineralization on its 90-100% owned Western Foreland exploration licences. The 17 licences in the Western Foreland cover a combined area of approximately 2,407 square kilometres to the north, south and west of the Kamoa-Kakula Copper Complex. The exploration group is using models that successfully led to the discoveries of Kakula, Kakula West, and the Kamoa North Bonanza Zone on the Kamoa-Kakula mining licence. The group is composed of a mixture of the same exploration geologists responsible for these previous discoveries as well as others with experience exploring the greater Central African Copper Belt.

700,000 t

Initial production at Platreef is anticipated to be 700,000 tonnes per annum.

113,000 oz

Average annual production in ounces of palladium, rhodium, platinum, and gold (3PE+Au), in Phase 1.

591,000

Average annual production in ounces of 3PE+Au in Phase 2

95 Million Oz

Mineral Resource Base 3PE+AU

2.7 Mt

Mineral Resource Base of Nickel

#1

Largest hoisting shafts on the African continent

Western Foreland Exploration

Initial exploration activities on Ivanhoe’s Western Foreland licences began in July 2017. Given the frontier nature of the topography, activities started with the construction of critical infrastructure to provide access for exploration equipment. This included the construction of all-season access roads and bridges, as well as new camp facilities. To date, Ivanhoe has completed over 105 kilometres of new and refurbished, all-season access roads, including a 90-kilometre spine road running through the centre of the licences that provides access to all its licences in the southwest region of the Western Foreland.

During the 2022 exploration season, a total of 26,483 metres were drilled, including 4,633 metres of air core and 21,920 metres of diamond drilling.

Renewable Power at Platreef

Commissioning of Platreef’s first solar-power plant is planned for 2023. The solar-generated power from the plant will contribute to mine development and construction activities, as well as to charging Platreef’s battery-powered underground mining fleet.

Builiding the Largest Hoisting Shaft on the African Continent

The 10-metre diameter Shaft 2, which is required for the Phase 2 expansion, will be among the largest hoisting shafts on the African continent and is currently under construction. Construction of the 104-metre-tall headframe commenced in December 2022. Shaft 2’s headframe will be equipped with up to 8 Mtpa of hoisting capacity.

Tailings

Approximately half of Platreef’s tailings will be pumped back underground and used as to backfill mined-out stopes. The remainder will be deposited in a dry-stack tailings storage facility.