Robert Quoted Mr. Friedland commented: “Kamoa-Kakula’s operations team continues to achieve a very rare feat in our 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.
“We are also pursuing avenues to maximize copper production from Kamoa-Kakula’s current operating footprint, with recoveries anticipated to increase via our ‘Project 95’ program, and overall throughput to also increase through the near-term debottlenecking of the Phase 3 concentrator. We expect Ivanhoe’s aggressive copper growth story to continue as we advance planning on Kamoa-Kakula’s Phase 4 expansion, while exploration continues to impress on our adjacent Western Foreland licenses.”