Kamoa-Kakula Concentrators Milled 3.62M Tons Of Ore In Q2

JOHANNESBURG, SOUTH AFRICA – Ivanhoe Mines reported that during the second quarter, Kamoa-Kakula’s Phase 1, 2, and 3 concentrators milled a total 3.62 million tonnes of ore, producing 112,009 tonnes of copper, representing an 11% year-on-year increase. As previously guided, “Stage One” dewatering activities have been in place and operating to plan as of June 2, 2025. Water levels on the eastern side of the Kakula Mine have decreased modestly ahead of “Stage Two” dewatering activities from upcoming month. The five, procured high-capacity, submersible “Stage Two” dewatering pumps are currently undergoing factory assembly in China and are expected to be air-freighted to site. In early June, mining on the western side of the Kakula mine restarted. By mid-June, the mining rate had ramped up to 300,000 tonnes per month (3.6 million tonnes on an annualized basis), with grades ranging from 3% to 4% copper. As a result, since mid-June, the combined processing rate of the Phase 1 and 2 concentrators ramped up to approximately 670,000 tonnes per month (8 million tonnes per annum on an annualized basis).

Underground development of a new mining area, located on the far eastern side of the Kakula Mine, has recently commenced. The development of the two new access drives will be conducted from existing underground infrastructure.