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The project team anticipates beginning operations of the Phase 2 concentrator plant in Q2 2022, as compared to current guidance of Q3 2022.
Copper recoveries improved to an average of 83% during August, with recoveries in excess of 86% achieved on multiple occasions.
The agreement follows Ivanhoe Mines and CNMC entering into a strategic partnership with LCS on 18 August, 2020.
Ivanhoe's goal is to be the world’s ‘greenest’ copper miner and be one of the its lowest greenhouse gas emitters per unit of copper.
The project team established a new monthly record for underground mine development in December with a total of 2,792 metres of advancement.