Kamoa-Kakula copper mine sets new production record in August

Ivanhoe Mines' Kamoa-Kakula copper complex in the Democratic Republic of Congo (DRC) recently achieved impressive production results

 in August, not only setting new monthly concentrate production and beneficiation records, but also accelerating the process of transitioning 

to steady state production, laying a solid foundation for the 2024 production target.

The Kamoa-Kakula copper complex, one of Ivanhoe Mines' core projects, has been in the spotlight for some time. The complex not only has

 significant copper reserves, but also has efficient mining and processing capabilities. In August, the mine produced 40,347 tonnes of concentrate

 per month, which is a record for the company and demonstrates the potential for the mine to increase its capacity. At the same time, monthly

 concentrates also reached a new high of 1.1 million tonnes, further demonstrating the strength and stability of its processing capacity.

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Particularly exciting is the fact that the Kamoa-Kakula copper complex set a new record for total copper production of 2,096 tonnes per day on

 31 August. This achievement was made possible by the combined efforts of the Phase 1, Phase 2 and Phase 3 concentrators. Of these, the Phase

 1 and Phase 2 concentrators contributed 1,760 tonnes per day, again setting a new record for these units. This signifies that the mine's production 

efficiency and capacity are steadily improving, laying a solid foundation for the Company to achieve higher production targets.

The performance of the Stage 3 concentrator has been particularly impressive in accelerating the transition to steady state production. The plant 

has milled approximately 350,000 tonnes of ore in August, demonstrating strong processing capacity and efficient operational efficiency. With

 the continuous optimisation of the production process and the ongoing commissioning of the equipment, the concentrator is approaching its 

design capacity, injecting a strong impetus to the Company's overall production increase.

Ivanhoe Mines is confident about the prospects for the Kamoa-Kakula copper complex. According to the company, by the end of this month, 

the mine's average daily milling rate was approaching the nameplate annual processing rate of 5 million tonnes and is on track to exceed that

 capacity. This provides strong assurance that the company will achieve its 2024 production target of 440,000 to 490,000 tonnes from the 

Kamoa-Kakula copper mine.

As the global demand for copper and other metal resources continues to grow, the excellent performance of the Kamoa-Kakula copper complex

 has undoubtedly injected new vigour into the development of Ivanhoe Mines. The Company will continue to invest in optimising production 

processes and improving capacity efficiency to meet market demand for high-quality copper products. At the same time, the Company will also 

actively fulfil its social responsibilities and pay attention to environmental protection and community development, so as to achieve a win-win 

situation in terms of both economic and social benefits.