IVANHOE MINES LTD A - IVPAF STOCK NEWS

Ivanhoe Mines announces a 46% reduction in carbon emissions per unit of copper at the Kamoa-Kakula Copper Complex following the completion of an on-site smelter in Q4 2024. The smelter is expected to rank as the fourth lowest carbon-emitting smelter in the world. The refurbishment of Turbine #5 at the Inga II hydroelectric facility is 50% complete and on schedule to produce 178MW of green hydroelectric power from Q4 2024. Ivanhoe Mines has also appointed BDO Global to assist with the company's decarbonisation strategy and pathway to net-zero emissions.

Ivanhoe Mines to release Q3 2023 financial results and hold investor conference call

Ivanhoe Mines founder Robert Friedland receives Mongolia's Order of the Polar Star for his contributions to the mining industry, particularly the Oyu Tolgoi copper-gold complex. Friedland expresses gratitude and highlights Mongolia's potential for mineral discovery. Rio Tinto CEO Jakob Stausholm commends Friedland's role in the development of Oyu Tolgoi. Oyu Tolgoi is expected to produce around 500,000 tonnes of copper per year from 2028 to 2036.

Ivanhoe Mines announces the opening of the Kamoa Centre of Excellence in the Democratic Republic of the Congo (DRC). The facility aims to produce future leaders for the DRC mining industry. The inaugural class of Congolese students enrolled in September.

Kamoa-Kakula Copper Complex achieves record quarterly production of 103,947 tonnes of copper in concentrate. Year-to-date production at 301,336 tonnes on track to meet 2023 guidance. Phase 3 expansion progressing well for Q4 2024 start. Kamoa 1 and Kansoko underground access tunnels successfully connected. Ivanhoe Mines launches redesigned corporate brand and website.

Fatal accident at Kamoa-Kakula Copper Complex in DRC

Kamoa Copper has signed an MOU with Lobito Atlantic International for the transportation of copper concentrate by rail to the port of Lobito in Angola. The rail line extends for 1,739 kilometers from Lobito to Kolwezi in the DRC. The Lobito Corridor is expected to reduce logistics costs and carbon footprint, accelerating the economic development of the DRC and the wider region. An initial trial shipment of up to 10,000 tonnes of copper concentrate will be transported in Q4 2023.

Ivanhoe Mines provides an update on preliminary test work conducted to improve copper recovery at the Kamoa-Kakula Copper Complex. Results indicate a significant improvement in total copper recoveries can be achieved by liberating copper from the tailings stream. This breakthrough could increase production to over 700,000 tonnes per annum and generate additional revenue and cash flow. Various technologies are being leveraged to improve copper recoveries, including grinding and reprocessing the tailings stream. Promising preliminary results show that approximately 65% of the contained copper can be recovered from the tailings stream, creating a saleable concentrate with a grade of approximately 40% copper. DRA Global has been appointed to design a stand-alone processing plant to treat the entire tailings stream, and the economics of the project are significantly positive.