Ivanhoe Mines Ltd - IVPAF STOCK NEWS

Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) has released its eighth annual Sustainability Report for 2024, highlighting significant ESG achievements and commitment to responsible mining practices. The company's 'Mining with a greater purpose' philosophy delivered notable results including:

- Improved safety metrics with TRIFR reduced to 0.89 and LTIFR at 0.33
- Generated and distributed $5 billion in total value, with $1 billion paid in government taxes and royalties
- Expanded workforce by 38% with 2,900 new employees and $194 million in wages and benefits
- Completed Africa's largest eco-friendly copper smelter
- Achieved 75% local procurement sourcing
- Completed Platreef's 5-MW solar power facility

The report adheres to global frameworks including GRI 14, WEF SCM, LPRM, ICMM, and UNGC, demonstrating the company's commitment to sustainable mining excellence and stakeholder value creation.

Ivanhoe Mines reports significant operational improvements at Kamoa-Kakula, with copper production reaching 133,120 tonnes in Q1 2025. The facility secured an additional 20 megawatts of hydroelectric power, increasing to 70 MW, with expectations to reach 100 MW imminently.

The Phase 3 concentrator achieved record performance, milling 1.51 million tonnes of ore, exceeding its design capacity by 20%. During the last two weeks of March, production peaked at an annualized rate of over 630,000 tonnes of copper, surpassing 2025 guidance.

The company's new direct-to-blister smelter is set to commence operations next month, with first copper anode production (99.7% pure) expected in July 2025. The smelter will reduce transportation costs by over 50% and generate additional revenue through sulfuric acid sales. The facility is expected to reach 80% capacity by year-end.

Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) has announced it will release its Q1 2025 production results for the Kamoa-Kakula Copper Complex and Kipushi Mine on April 7, 2025, before market open. Both mining operations, located in the Democratic Republic of the Congo, reportedly had strong starts to the year, as previously disclosed on March 5, 2025.

The company has stated it is unaware of any material events contributing to its recent share price decline, attributing the movement to general market volatility.

Ivanhoe Mines (IVPAF) has secured a significant 7,757 km² exploration license package in Zambia's North-Western Province, targeting an extension of the Central African Copperbelt. The new license area, granted by the Zambian government, is over three times larger than Ivanhoe's Western Forelands Exploration Project.

The company will leverage the recently completed high-resolution regional airborne geophysics survey by the Zambian Geological Survey to expedite exploration efforts. The exploration program will focus on:

• Copper mineralization in Basement Domes
• Katangan-age sediment-hosted copper systems
• Iron-oxide-copper-gold (IOCG) systems

Ivanhoe plans to commence exploration activities in Q2 2025, including environmental baseline studies and community engagement. The company will conduct extensive aircore and auger drilling programs, along with geophysical surveys. This strategic expansion aligns with Ivanhoe's existing projects, positioned between their Western Forelands Project and Angolan exploration licenses.

Ivanhoe Mines (IVPAF) has filed an NI 43-101 technical report for its Platreef project in South Africa, revealing significant expansion plans and economic potential. The project contains 42 million ounces of precious metals in Indicated Resources and 53 million ounces in Inferred Mineral Resources.

The development includes two key studies:

• A Feasibility Study for Phase 1 & 2 (4.1 Mtpa) showing an after-tax NPV8% of $1.4 billion and 20% IRR, with production of 450,000 ounces of platinum, palladium, rhodium, and gold annually
• A PEA for Phase 1, 2 & 3 (10.7 Mtpa) projecting an after-tax NPV8% of $3.2 billion and 25% IRR, targeting over 1 million ounces of precious metals plus 25,000 tonnes of nickel and 15,000 tonnes of copper annually

Phase 1 production is scheduled to commence Q4 2025, with Phase 2 expansion accelerated to 2027. Ivanhoe holds a 64% interest through Ivanplats, with 26% held by South African BEE partners and 10% by Japanese shareholders.

Ivanhoe Mines (IVPAF) reported strong production results for early 2025. The Kamoa-Kakula Copper Complex achieved near-record copper production of 45,477 tonnes in January and 40,849 tonnes in February, with daily averages of 1,467 tpd and 1,459 tpd respectively.

The complex is currently powered by approximately 100 MW of hydroelectric power, with discussions advancing to increase imported power by 20 MW. The facility's total power requirement is 240 MW, with backup diesel generators supplying up to 50 MW.

The company's Project 95 initiative, aimed at increasing concentrator recoveries from 87% to 95%, is 20% complete and on schedule for Q1 2026 completion. With a capital expenditure of $180 million, it's expected to increase annual copper production by up to 30,000 tonnes.

The Kipushi zinc mine achieved record production of 16,063 tonnes in January and 11,903 tonnes in February, with concentrator recoveries averaging 88% and concentrate grade at 53% zinc. The mine recently reached its nameplate milling rate of 2,000 tonnes per day.

Ivanhoe Mines (IVPAF) announced a significant board change as Mr. Jinghe Chen, Chairman of Zijin Mining, steps down from the board of directors, replaced by Dr. Chun (James) Wang, effective March 1, 2025. Chen served since 2019, following Zijin's strategic investment in Ivanhoe and the formation of the Kamoa Copper joint venture in 2015.

During Chen's tenure, the company achieved several milestones, including the completion of Phases 1, 2, and 3 of the Kamoa-Kakula Copper Complex, which has become the fastest-growing, highest-grade, and lowest carbon-emitting major copper producer globally. His contribution was particularly notable in completing Africa's largest and greenest copper smelter at Kamoa-Kakula.

Dr. Wang, the incoming director, brings extensive operational expertise as Zijin Mining's VP of Overseas Operations. He holds a Ph.D. in Chemistry and has previously served as CEO of Continental Gold Colombia Branch and General Manager at Gold Mountains HK International Mining.

Ivanhoe Mines (TSX: IVN) (OTCQX: IVPAF) has addressed recent share price declines, stating there are no material events contributing to the movement beyond general market volatility. The company confirms that operations continue as usual at the Kamoa-Kakula Copper Complex and Kipushi Zinc Mine, along with exploration activities in the Western Forelands, Democratic Republic of the Congo (DRC).

The company recently released its 2024 annual and fourth quarter financial results on February 19, 2025. Importantly, Ivanhoe's operations remain unaffected by rebel activity in north-east DRC, which is confined to the North and South Kivu provinces, approximately 1,500 kilometres from their operations in Kolwezi.

Ivanhoe Mines announced significant expansion of its Western Forelands Exploration Project in DRC. The Makoko mineralized district has increased by 20% to over 13 kilometers of strike length, comparable to the Kakula orebody. The company completed a record 81,734 meters of diamond drilling in 2024, exceeding its 70,000-meter target.

Key developments include the discovery of shallow, high-grade copper mineralization in the new Makoko West area, and the acquisition of 336 km² of new exploration licenses. The company has also announced a $75 million group exploration budget for 2025, including 102,000 meters of drilling planned in Western Forelands.

The Makoko deposit currently contains an Indicated Mineral Resource of 16 million tonnes at 3.55% copper and an Inferred Resource of 154 million tonnes at 1.97% copper. Ivanhoe is targeting an updated Mineral Resource Estimate for Makoko, Makoko West, and Kitoko in Q2 2025.