EN

Operations & Projects

Our portfolio of tier-one assets provides exposure to copper, platinum group, zinc and other metals essential for the world’s transition to clean energy and a low-carbon economy. Our stakeholders benefit from long-life projects with low costs, low-capital intensity and leading ESG programs.

Angola

Regional Exploration

Ownership: 100%

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. Ivanhoe’s exploration activities are expected to commence following team mobilization in early 2024. The prospecting rights have limited prior exploration conducted to date. The greenfield area is covered by Kalahari sand and Karoo volcanics across much of the permitted area, similar to the Kamoa-Kakula licenses, making conventional exploration techniques less effective.

Moxico Province and Cuando Cubango Province Exploration

Ivanhoe’s exploration team will conduct a reconnaissance visit in Q1 2024 across the licences to scout out access, logistics and potential locations for a central camp. In Q2 2024, as the rainy season ends, the team will commence airborne magnetics, gravity and electro-magnetics geophysical surveys, as well as undertake a baseline soil geochemistry survey. The geochemistry survey will be conducted over a specific area, testing soil geochemistry responses through the cover sequences. Later in the year, aircore and stratigraphic diamond drilling will be conducted to verify preliminary geological interpretations. Ivanhoe has committed to an initial exploration budget for the region of $10 million.

The prospecting rights are granted for an initial period of five years and may be extended for a maximum of seven years. At the end of the initial period of five years, 50% of the prospecting rights are required to be relinquished.