Ivanhoe Mines (TSX:IVN)

[Tommy]

$IVP.TO - $IVPAF - Ivanplats Issues 2012 Year-End Results and Review of Operations

http://www.ivanplats.com/s/NewsReleases.asp?ReportID=578232&_Type=News-Releases&_Title=Ivanplats-Issues-2012-Year-End-Results-and-Review-of-Operations

..."HIGHLIGHTS FROM 2012 AND Q1 2013

On October 23, 2012, Ivanplats successfully closed its initial public offering (IPO) and the Common Shares began trading on the Toronto Stock Exchange under the symbol IVP. The overall aggregate equity issued in connection with the IPO was approximately $509 million, which included $197 million from the conversion of pre-IPO bonds.

In January 2013, a new independent resource estimate more than doubled high-grade Indicated Mineral Resources at Ivanplats' Kamoa copper discovery in the Democratic Republic of Congo (DRC). Kamoa now ranks as Africa's largest high-grade copper discovery and the world's largest undeveloped high-grade copper discovery. This expansion of resources represents a major advance in Ivanplats' plans to bring the Kamoa Copper Project into production

Also in January 2013, Ivanplats appointed senior mining executive Steve Garcia to lead the company's mine-building team in Africa. The roster of executive appointments also included Andre Zeelie, Gopolang Enoch Makokwe and Jeremy Michaels.

In March 2013, a new independent resource estimate significantly expanded and upgraded the mineral resources at the Flatreef Discovery on Ivanplats' Platreef platinum, palladium, gold & rhodium (4PE), nickel and copper project on the Northern Limb of South Africa's Bushveld Complex. The Flatreef averages 24 metres in true thickness at a 2.0-gram-per-tonne (g/t) 3PE cut-off grade and is potentially amenable to large-scale, mechanized underground mining. The thick Flatreef mineralization remains open for expansion, with approximately 37.5 square kilometres of property untested." ...