Ivanhoe Mines files a new NI 43-101 technical report for the Kamoa-Kakula Copper Complex in the Democratic Republic of Congo
March 16, 2023
Ivanhoe Mines files a new NI 43-101 technical report
for the Kamoa-Kakula Copper Complex in the Democratic
Republic of Congo
JOHANNESBURG, SOUTH AFRICA – Ivanhoe Mines (TSX: IVN; OTCQX: IVPAF) announced
today that the company has filed a new National Instrument 43-101 (NI 43-101) technical report
covering the Kamoa-Kakula 2023 Integrated Development Plan (2023 IDP) for the world-
leading Kamoa-Kakula Copper Complex in the Democratic Republic of Congo (DRC).
The 2023 IDP consists of a Pre-Feasibility Study (Kamoa-Kakula 2023 PFS) for the Phase 3
and Phase 4 expansions of the Kamoa-Kakula Copper Complex over a 33-year mine life, as
well as an updated Preliminary Economic Assessment (Kamoa-Kakula 2023 PEA) that
includes a life-of-mine extension case to 42 years overall. The Kamoa-Kakula 2023 PFS
evaluates a staged increase in production capacity at Kamoa-Kakula from the current nominal
throughput rate of 7.6 million tonnes per annum (Mtpa) up to a total of 19.2 Mtpa by 2030.
The Kamoa-Kakula 2023 IDP Technical Report was independently prepared by OreWin Pty
Ltd. of Adelaide, Australia; China Nerin Engineering Co. Ltd. of Jiangxi, China; DRA Global of
Johannesburg, South Africa; Epoch Resources of Johannesburg, South Africa; Golder
Associates Africa of Midrand, South Africa; Outotec Oyj of Helsinki, Finland; Paterson and
Cooke of Cape Town, South Africa; SRK Consulting Ltd. of Cape Town, South Africa; and, The
MSA Group of Johannesburg, South Africa.
The independent Qualified Persons responsible for preparing the Kamoa-Kakula 2023 PFS,
and Kamoa-Kakula 2023 PEA, on which the technical report was based, are Bernard Peters
(OreWin); Jeremy Witley (MSA Group); Curtis Smith (OreWin); William Joughin (SRK); Marius
Phillips (DRA Global); Alwyn Scholtz (DRA Global), and Andreas Savvas (Epoch).
The Kamoa-Kakula Copper Complex is operated as the Kamoa Holding joint venture between
Ivanhoe Mines and Zijin Mining, and is approximately 25 kilometres southwest of the town of
Kolwezi and about 270 kilometres west of Lubumbashi in the DRC. Ivanhoe and Zijin Mining
each hold an indirect 39.6% interest in Kamoa-Kakula, Crystal River holds an indirect 0.8%
interest, and the DRC government holds a direct 20% interest.
The technical report titled “Kamoa-Kakula Integrated Development Plan 2023” has been
filed on the SEDAR website at www.sedar.com and on the Ivanhoe Mines website at
www.ivanhoemines.com.
Information contacts
Vancouver: Matthew Keevil +1.604.558.1034
London: Tommy Horton +44 7866 913 207