Multi-listed Ivanhoe Mines has announced that exploration activities have intersected 13.05% copper over 22.3 m, at a 2% copper cut-off grade.
Ivanplats celebrated an achievement on when its initial shaft intersected the top of the mineralised reef 782 m below the surface at its Platreef project.
Platinum Group Metals
Ivanhoe Mines’ Platreef Shaft 1 in South Africa has reached the top of the high-grade Flatreef Deposit (T1 mineralized zone) at a depth of 780.2 m.
TSX-listed Ivanhoe Mines has made an important new discovery of high-grade copper on its 100%-owned Western Foreland licences, west of the Kamoa-Kakula mining licence in the Democratic Republic of Congo.
TSX-listed Ivanhoe Mines has completed a strategic equity investment totalling C$723 million in Ivanhoe Mines by CITIC Metal Africa Investments.
Ivanhoe Mines states the placement transaction with CITIC Metal has received all necessary recordals and registration in China.
Business and policy
Robert Friedland, executive chairman of Ivanhoe Mines, and CEO Lars-Eric Johansson say CITIC has provided Ivanhoe Mines with a loan of US$100 million.
An independently prepared estimate has resulted in a significant increase in measured and indicated mineral resources at Ivanhoe Mines’ high-grade Kipushi zinc-copper-silver-germanium mine.
CITIC Limited has completed due diligence and has received approvals to complete the long-term, strategic cooperation and investment agreement with Ivanhoe Mines.
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