Ivanhoe Mines Ltd T.IVN

Alternate Symbol(s): IVPAF

Metals & Mining Industrial Metals & Minerals

Ivanhoe Mines Ltd. is a Canada-based mining, development, and exploration company. The Company is focused on the mining, development and exploration of minerals and precious metals from its property interests located primarily in Africa. Its projects include The Kamoa-Kakula Copper Complex, The Kipushi Project, The Platreef Project., and The Western Foreland Exploration Project. The Kamoa-Kakula Copper Complex project stratiform copper deposit with adjacent prospective exploration areas within the Central African Copperbelt, approximately 25 kilometers (km) west of the town of Kolwezi and about 270 km west of the provincial capital of Lubumbashi. The Kipushi mine is adjacent to the town of Kipushi in the Democratic Republic of the Congo (DRC) approximately 30 km southwest of the provincial capital of Lubumbashi. The 21 licenses in the Western Foreland cover a combined area of 1,808 square kilometers to the north, south and west of the Kamoa-Kakula Copper Complex.

TSX:IVN - Post by User

Ivanhoe Mines Ltd

Bullboard Posts

Comment by JB3729on Apr 16, 2017 5:02pm

510 Views

Post# 26125819

RE:Next NR Updates

The expectation is for news from all 3 projects early this quarter -

Highlights From the 2017 BMO Global Metals & Mining Conference

Bottom Line: Robert Friedland, Executive Chairman and Founder of Ivanhoe Mines, presented at the 2017 BMO Capital Markets Global Metals & Mining Conference in Hollywood, Florida. The company continues to aggressively advance its three world- class African assets with significant catalysts at each in Q2/17.

Key Points

The flagship Kakula/Kamoa copper deposits - 5 km apart - remain the most visible value contributors for investors. Combined, the two mines are clearly among the top mineral discoveries globally in size, grade, and potential production capacity. Near- term catalysts for Kakula/Kamoa:
- Early Q2 Kakula resource update followed by an updated PEA. In line with previous disclosure, Ivanhoe indicated the PEA will consider 6-8Mtpa operations each from Kakula and Komoa, compared to 4Mtpa in the last PEA and our assumed 8Mtpa.
- A key takeaway from the presentation suggested Kakula could deliver 8% copper head-grade in early production years with a LOM average of about 6.5% copper.
- Ongoing extension drilling at Kakula to expand on the 1.6km step-out (40% strike increase to the northwest) announced January 23. 12 rigs are drilling at Kakula with maps suggesting planned step-outs a further 2km away. The presentation also highlighted additional drilling is testing extensions to the southeast.
- In response to a question from the audience regarding the geological controls at Kakula, management responded that they have a very good understanding of the controls and where to test for new mineralized zones within the current property.
At Kipushi, Ivanhoe has dewatered the workings down to production levels and we expect a Kipushi pre-feasibility in early Q2/17 delivering likely capex savings over the May 2016 PEA.
Platreef shaft sinking has reached 250m of a planned 975m with advance rates currently 50 meters per month. Late 2017 should see production Shaft 2 begin sinking with the shaft contract award expected shortly.
A Platreef feasibility in early Q2/17 will focus on management of grade scheduling, moving higher grades as well as thicker areas of mineralization to the front of the mine plan to increase early mine life margins and reduce development requirements.