In November 2023, Ivanhoe Mines was granted 22,195 square kilometers of greenfield prospecting rights for exploration in the Moxico and Cuando Cubango Provinces of Angola. The extensive package of prospecting rights covers highly prospective, greenfield copper exploration ground. The greenfield area is covered by Kalahari sand and Karoo volcanics across much of the permitted area, similar to the Kamoa-Kakula licenses.
After receiving the required permitting, access to the licenses was first made by Ivanhoe’s geologists in August 2024. The team undertook a mapping and baseline soil geochemical sampling program over an area of 600 km2, which covered the same portion of the license flown by the airborne electromagnetic survey. A ground-based geophysics program was also completed, including Audio-frequency (AMT) and Magnetotellurics (MT) in conjunction with a Passive Seismic survey, down the eastern portion of the license area.
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