| Announcement Date: | 2022-02-28 |
|---|---|
| Announcement Type: | Feasibility Study |
| Announcement Code: | NI43-101 |
| Company name: | Ivanhoe Mines Ltd. |
| Project name: | Platreef |
| Location: | South Africa |
| Commodities: | Gold,Palladium,Platinum,Rhodium,Copper,Nickel |
| Highlight: | Feasibility Study results incl. post-tax NPV (8%) of US$4.1B & IRR of 29.3% |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | FORT LAUDERDALE, FLORIDA – Ivanhoe Mines (TSX: IVN; OTCQX: IVPAF) Co-Chair Robert Friedland announced today at the 31st BMO Global Metals & Mining Conference that the company’s South African subsidiary, Ivanplats, and its partners, welcome the outstanding positive findings of an independent Platreef 2022 Feasibility Study for the tier-one Platreef palladium, rhodium, nickel, platinum, copper and gold project in South Africa. The 2022 Feasibility Study provides the blueprint for the ongoing development of Platreef and builds on the excellent results of the preliminary economic assessment 2 (PEA) for a phased-development scenario to expedite production, announced in November 2020, alongside the 2020 Feasibility Study. The Platreef 2022 Feasibility Study is based on a steady state production rate of 5.2 million tonnes per annum (Mtpa), as well as an accelerated ramp up to steady state through the earlier development of Shaft 2. The 2022 Feasibility Study is based on the detailed design and engineering scenario first presented in the 2020 PEA, confirming the viability of a new phased development pathway to fast-track Platreef into production by Q3 2024. |
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