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Ivanhoe Mines Ltd. T.IVN

Alternate Symbol(s):  IVPAF

Ivanhoe Mines Ltd. is a Canada-based mining, development, and exploration company. It is focused on the mining, development and exploration of minerals and precious metals from its property interests located primarily in Africa. Its projects include Kamoa-Kakula Complex, Western Foreland, Kipushi and Platreef. The Kamoa-Kakula Complex project is a stratiform copper deposit with adjacent prospective exploration areas within the Central African Copperbelt, approximately 25 kilometers (kms) west of the town of Kolwezi and approximately 270 kms west of the provincial capital of Lubumbashi. The 17 licenses in the Western Foreland cover a combined area of 2,407 square kilometers to the north, south and west of the Kamoa-Kakula Copper Complex. The Kipushi Project lies adjacent to the town of Kipushi and 30 kms southwest of the provincial capital of Lubumbashi. Its Platreef project is situated approximately eight km from Mokopane and 280 km northeast of Johannesburg, South Africa.


TSX:IVN - Post by User

Post by tiger6301on Nov 30, 2020 8:22am
806 Views
Post# 31998907

Platreef FS/PFS

Platreef FS/PFS

Ivanhoe Mines Announces Powerful Results of the Updated Feasibility Study (FS) for the World-Scale Platreef Palladium, Platinum, Rhodium, Nickel, Copper and Gold Project in South Africa


FS evaluates a 4.4-million-tonne-per-annum (Mtpa) underground mine with annual production of more than 500,000 ounces of palladium, platinum, rhodium and gold; plus more than 35 million pounds of nickel and copper, becoming a world-scale producer of critical "green metals"

Weighted price of the 'basket' of the four precious metals contained in Platreef's ore more than $2,100 an ounce

FS yields an after-tax NPV8% of US$1.8 billion and IRR of 20% at long-term consensus metal prices, and an after-tax NPV8% of US$3.7 billion and IRR of 28% at spot metal prices; re-affirming Platreef's potential to be the world's lowest-cost primary producer of platinum-group metals, with a cash cost of US$442 per ounce of palladium, platinum, rhodium and gold, net of by-products and including sustaining capital

Ivanhoe also announces a preliminary economic assessment (PEA) for the phased development plan; an alternate scenario to expedite production, with much lower initial capital, using Shaft 1 for the mine's initial five years of production, followed by an expansion to 5.2 Mtpa once Shaft 2 is completed

With an initial capital cost of US$390 million, the PEA yields after-tax NPV8% of US$1.6 billion and IRR of 20% at long-term consensus metal prices, and an after-tax NPV8% of US$3.3 billion and IRR of 29% at spot metal prices

PEA envisages a potential throughput rate of 5.2 Mtpa, with annual production of more than 600,000 ounces of palladium, platinum, rhodium and gold, plus over 40 million pounds of nickel and copper

Detailed engineering studies are underway on the initial 0.7 Mtpa mine and concentrator, in parallel with the transition of Shaft 1 to a production shaft

FS and PEA both establish an operating platform to underpin future expansions, leveraging Platreef's immense resource base

 

Significant interest from a number of finance providers to fund development, with advanced discussions underway
 

I just quick read through the FS/PFS, certainly it is a great project, but my feeling is we have a long way to go.

tiger

https://www.theglobeandmail.com/investing/markets/stocks/IVN-T/pressreleases/712657/

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