White Hill Copper Project Added To Portfolio Of Prospective Critical Metals Exploration Projects

PHOENIX, AZ - Ivanhoe Electric President and Chief Executive Officer, Taylor Melvin, reported that, “The Company has entered into an earn-in and joint venture agreement with privately-owned Exiro Minerals to acquire up to an 80% interest in the White Hill Copper Project in Nevada. White Hill is located in the Gillis Range, Mineral County, Nevada, approximately 20 miles east of Hawthorne and 100 miles southeast of Reno, Nevada. The Project is situated within the Fitting Mining District and comprises 1,016 federal mineral claims covering 20,992 acres of land managed by the Bureau of Land Management. The Project hosts demonstrated copper-bearing skarn-style mineralization.

Melvin said, "The White Hill earn-in agreement expands Ivanhoe Electric's portfolio of high-quality, copper-focused exploration projects in the US. We believe White Hill offers excellent prospectivity for a large-scale porphyry copper discovery in a state with a prolific mining history. We are excited to deploy our Typhoon™ technology and utilize our team's extensive experience at White Hill."