Sunday, May 07, 2017 7:16:25 AM
From 4/10/17 PR -
Assay results for holes DD1138 and DD1144 are expected in approximately two to three weeks.
The continuing drilling successes mean that the Kakula Discovery has grown to become approximately 6.8 kilometres longer than the deposit’s 4.1-kilometre strike length that was used to calculate the initial Kakula resource estimate in October 2016. A new resource estimate for the eastern section of Kakula, covering a strike length of approximately 6.3 kilometres, is expected to be ready in May 2017.
https://ivanhoemines.com/news/2017/assays-confirm-kakula-west-high-grade-copper-discovery/
Highlights From the 2017 BMO Global Metals & Mining Conference -
Bottom Line: Robert Friedland, Executive Chairman and Founder of Ivanhoe Mines, presented at the 2017 BMO Capital Markets Global Metals & Mining Conference in Hollywood, Florida. The company continues to aggressively advance its three world- class African assets with significant catalysts at each in Q2/17.
Key Points
The flagship Kakula/Kamoa copper deposits - 5 km apart - remain the most visible value contributors for investors. Combined, the two mines are clearly among the top mineral discoveries globally in size, grade, and potential production capacity. Near- term catalysts for Kakula/Kamoa:
Early Q2 Kakula resource update followed by an updated PEA. In line with previous disclosure, Ivanhoe indicated the PEA will consider 6-8Mtpa operations each from Kakula and Komoa, compared to 4Mtpa in the last PEA and our assumed 8Mtpa.
A key takeaway from the presentation suggested Kakula could deliver 8% copper head-grade in early production years with a LOM average of about 6.5% copper.
Ongoing extension drilling at Kakula to expand on the 1.6km step-out (40% strike increase to the northwest) announced January 23. 12 rigs are drilling at Kakula with maps suggesting planned step-outs a further 2km away. The presentation also highlighted additional drilling is testing extensions to the southeast.
In response to a question from the audience regarding the geological controls at Kakula, management responded that they have a very good understanding of the controls and where to test for new mineralized zones within the current property.
At Kipushi, Ivanhoe has dewatered the workings down to production levels and we expect a Kipushi pre-feasibility in early Q2/17 delivering likely capex savings over the May 2016 PEA.
Platreef shaft sinking has reached 250m of a planned 975m with advance rates currently 50 meters per month. Late 2017 should see production Shaft 2 begin sinking with the shaft contract award expected shortly.
A Platreef feasibility in early Q2/17 will focus on management of grade scheduling, moving higher grades as well as thicker areas of mineralization to the front of the mine plan to increase early mine life margins and reduce development requirements.
Read more at http://www.stockhouse.com/companies/bullboard?symbol=ivn&postid=25905929#sj2loPhUaQ980jXz.99
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