Phase 3 Concentrator At Kamoa-Kakula Copper Complex Has Achieved Commercial Production

DEMOCRATIC REPUBLIC OF THE CONGO - Ivanhoe Mines reported on the Phase 3 concentrator at Kamoa-Kakula Copper Complex in the Democratic Republic of the Congo (DRC) has reached commercial production. In addition, Kamoa-Kakula's Phase 1, 2 and 3 concentrators achieved a combined monthly production record of 35,941 tonnes of copper in July.

Kamoa-Kakula's operations team continues to achieve a very rare feat in the industry... delivering world-scale copper development projects ahead of schedule, while also advancing smoothly through to commercial production at an impressive rate. Kamoa-Kakula's record-setting production in July marks the onset of rapid copper growth over the second half of 2024, with Phase 3 on track to increase annualized production capacity from approximately 450,000 tonnes to over 600,000 tonnes.

“The Company is also pursuing avenues to maximize copper production from Kamoa-Kakula's current operating footprint, with recoveries anticipated to increase via 'Project 95' program, and overall throughput to also increase through the near-term debottlenecking of the Phase 3 concentrator. AS expected, Ivanhoe's aggressive copper growth story will continue with the advance planning on Kamoa-Kakula's Phase 4 expansion, while exploration continues to impress on the adjacent Western Foreland licenses."