Ivanhoe Mines announces a 50% increase in Indicated Mineral Resources, at a 3% cut-off grade, at the ultra-high-grade Kakula Copper Discovery in D.R. Congo
Kakula now contains Indicated Mineral Resources of 174 million tonnes at 5.62% copper, plus additional Inferred Mineral Resources of 9 million tonnes at 3.66% copper, at a 3% cut-off.
At a 1% cut-off, Kakula’s Indicated Mineral Resources have increased by 58%, now totalling 585 million tonnes at 2.92% copper.
Kakula’s strike length now extends to 13.3 kilometres and remains open for significant expansion.
New Mineral Resource estimate establishes the Kamoa-Kakula Project as the world’s fourth-largest copper discovery. Project’s copper grades are the highest, by a wide margin, of the world’s top 10 copper deposits.
Average true thickness of Kakula’s selective mineralized zone is 10.1 metres in the Indicated Mineral Resources area, at a 1% cut-off.
Kakula’s new estimate boosts combined Kamoa-Kakula Indicated Mineral Resources to 1.03 billion tonnes at 3.17% copper, containing approximately 72 billion pounds of copper, plus an additional 183 million tonnes of Inferred Mineral Resources at 2.31% copper, at a 1.5% cut-off.
Consultation between industry participants and government set to begin to review the DRC 2002 Mining Code.
Geophysical surveys underway to help identify new exploration targets on the highly prospective Kamoa-Kakula mining licence.
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