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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. 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

Post by waiting73on Dec 08, 2024 10:39am
236 Views
Post# 36351567

One mistake already

One mistake alreadyI wrote:
Ref 4 stated that debottlenecking Ph1 and 2 will increase milling from 7.6 Mt up to 9.2 Mt per year. Ref 3 shows this mill rate was attained in Q2 and Q3 of 2023: Ph1+2 average of Q2 and Q3 2023 milling with no indication of electricity issues: 2.24 Mt/Q = 9.96 Mt/yr. Ph3 adds another 50 % capacity, so a total of 13.8 Mt/yr. This is the upper bound of what seems to be possible with consistent electricity supply etc.

This was faulty arithmetic. Based on the Ph1+2 = 2.24 Mt/Q = 8.96 Mt/yr, a 50 % increase due to Ph3 would take it to 13.44 Mt/yr mill throughput, not 13.8 Mt/yr. The midpoint is now 13.32 Mt/yr not 13.5. This would suggest a slightly lower potential increase of 29 % yr over yr, not 30 %. Not a big deal, but that's Sunday morning. Conclusions do not change - we should see a significant increase in copper production in 2025.
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