KOLWEZI, DEMOCRATIC REPUBLIC OF CONGO Ivanhoe Mines (TSX: IVN; OTCQX: IVPAF) Co-Chairs Robert Friedland and Yufeng “Miles” Sun are pleased to announce that underground development at the Kamoa-Kakula Copper Project in the Democratic Republic of Congo (DRC) mined and stockpiled 269,000 tonnes of ore grading 5.36% copper in December from the Kakula and Kansoko mines. The tonnage was 7.6% higher than November, while the copper grade was 10.5% higher.

The project’s pre-production surface stockpiles now contain approximately 1.52 million tonnes of high-grade and medium-grade ore at an estimated blended grade of 4.03% copper. Contained copper in the stockpiles increased by approximately 14,400 tonnes in December – a 30.9% increase over November’s production reflecting the increased mining in the ultra-high-grade centre of the Kakula Deposit – to a cumulative total of more than 61,000 tonnes (the current copper price is approximately US$7,900 a tonne).

The project is on track to have approximately three million tonnes of high-grade and medium-grade ore stockpiled on surface, holding more than 125,000 tonnes of contained copper, prior to the planned start of processing in July 2021.

Mr. Friedland and Mr. Sun also noted that the project team established another new monthly record for underground mine development in December with a total of 2,792 metres of advancement – 620 metres more than the previous monthly high achieved in October 2020. Another important development milestone was achieved in late December with the second holing of Kakula’s northern and southern access tunnels, establishing additional access to mine Kakula’s high-grade ore in the centre of the orebody grading +8% copper.

“After more than 26 years of continuous efforts, Ivanhoe Mines and its joint-venture partners are less than six months away from initial production at Kamoa-Kakula – the first world-scale copper discovery on the African continent in generations. This year’s transformation marks the beginning of the next chapter of our journey that began in 1994 and has involved thousands of dedicated and talented people,” said Mr. Friedland. “Underground development at the Kakula Mine is well ahead of schedule and construction of the first phase processing plant is on schedule to produce exceptionally high-grade and clean copper concentrates beginning this July. The performance of Kamoa Copper’s multinational management team in successfully navigating the profound logistical challenges posed by the global COVID-19 pandemic has been absolutely outstanding.”

“Our expectations are for continued rising copper prices through 2021 and beyond; as such, the timing of Kamoa Copper’s first production is fortuitous given that the project is scheduled to have ore stockpiles containing more than 125,000 tonnes of contained copper available for processing by July 1st. A rising copper price directly impacts the realizable value of the contained copper in the stockpiles, the cost of which is capitalized,” Mr. Friedland added.

December’s record-setting advancement brings total underground development to approximately 29.8 kilometres approximately 10.5 kilometres ahead of schedule. The monthly underground development in December was comprised of 2,521 metres at the Kakula Mine and 271 metres at the Kansoko Mine.

Mark Farren, Kamoa Copper’s CEO, commented: “A terrific performance by our mining teams in December and an exceptional way to end 2020. To achieve a record-setting month in the midst of the holiday season is a testament to the commitment and professionalism of our people. The start of 2021 brings with it a sense of excitement and opportunity as we begin to shift our focus from mine development to production.”

“Mining crews recently entered a remarkably thick zone of high-grade ore grading +8% copper in the centre of the Kakula Mine, which has allowed us to enlarge the development drifts in this area to 10 metres high by 7.5 metres wide (75 square metres), and the increase in ore tonnes per metre of development has been substantial,” Mr. Farren added.

Kakula’s combined medium-grade and high-grade ore mined in December was approximately 245,000 tonnes at an average grade of 5.64% copper, including approximately 55,000 tonnes grading 8.75% copper from the +8% copper zone in the centre of the orebody. Mining crews at Kakula are primarily focused on developing the drift-and-fill mining blocks in the high-grade centre of the orebody. Opening up of the mining footprint for these high grade, drift-and-fill mining areas entails, by necessity, development work in areas of low-, medium- and high-grade ore, and is designed to coincide with the start-up of the processing plant in July. This will allow crews to deliver significant tonnage of high-grade ore directly from Kakula’s underground workings to the processing plant.

Kansoko’s combined medium-grade and high-grade ore mined in December was approximately 24,000 tonnes at an average grade of 2.49% copper. Priorities at Kansoko during December were to develop and support major ventilation airways towards the mine’s No. 1 ventilation shaft. Kansoko is being developed by training crews and will be a supplemental source of ore for Phase 2 of the project’s development when the Kakula concentrator processing capacity doubles to 7.6 million tonnes per annum (Mtpa) ? currently planned to be commissioned in Q3 2022.

One of Kakula’s high-performing mining crews. Top row (left to right): Mike Ilunga, Aliday Mujinga, Elize Nkulu, Ebrahim Tshikala, Liu Huang and Jean Paul Ndayi. Bottom row: Eric Kaut, Seriphin Lupitshi, Lazare Ilunga and Didier Kaona.



Miners operating a jumbo drill at the face of a high-grade development drift near the centre of the Kakula Mine. Due to the thickness of the copper ore in this area, the drifts are 10 metres high by 7.5 metres wide (32.8 feet high by 24.6 feet wide), or 75 square metres. For perspective, the height of the drift is close to the height of a standard telephone pole. The average grade of ore in this area is 8.75% copper and the tonnage per blast is approximately 1,000 tonnes, more than double the tonnage per blast in a normal drift.

 

Phase 1 copper production from the Kakula Mine is scheduled to begin in July 2021. Kakula is projected to be the world’s highest-grade major copper mine, with an initial mining rate of 3.8 Mtpa at an estimated average feed grade of more than 6.0% copper over the first five years of operation. Phases 1 and 2 combined are forecast to produce approximately 400,000 tonnes of copper per year. Based on independent benchmarking, the project’s phased expansion scenario to 19 Mtpa would position Kamoa-Kakula as the world’s second largest copper mining complex, with peak annual copper production of more than 800,000 tonnes.

The Kamoa-Kakula Copper Project is a joint venture between Ivanhoe Mines (39.6%), Zijin Mining Group (39.6%), Crystal River Global Limited (0.8%) and the Government of the Democratic Republic of Congo (20%).

An independent audit of Kamoa-Kakula's greenhouse gas intensity metrics performed by Hatch Ltd. of Mississauga, Canada, confirmed that the project will be among the world's lowest greenhouse gas emitters per unit of copper produced.

December’s ore production was 7.6% higher than November, with monthly copper grade increasing from 4.85% to 5.36%; pre-production surface ore stockpiles now total approximately 1.52 million tonnes grading 4.03% copper

In December, mining crews at Kakula and Kansoko mined and transported to surface stockpiles approximately 269,000 tonnes of ore grading 5.36% copper. This brings the project’s total pre-production high- and medium-grade ore stockpiles to approximately 1.52 million tonnes at an estimated blended grade of 4.03% copper. An additional 622,000 tonnes of low-grade development ore also has been stockpiled on surface.

December’s ore production was approximately 7.6% higher than the 250,000 tonnes grading 4.85% copper mined in November, and approximately 38% higher than the 194,000 tonnes grading 4.01% mined in October.

Chart 1: Cumulative tonnes and grade of pre-production ore stockpiles at the Kakula and Kansoko mines from May 2020 to December 2020.


Chart 2: Growth in contained copper in pre-production ore stockpiles at the Kakula and Kansoko mines from May 2020 to December 2020.



Chart 3: Projected growth in contained copper in the pre-production stockpiles at the Kakula and Kansoko mines up to July 2021. Dotted lines denote projections based on the 2020 pre-feasibility study.



The ore being mined from the northern portion of the Kakula Mine is transported to surface via the conveyor system and placed on a blended surface stockpile that now contains approximately 900,000 tonnes grading an estimated 4.26% copper.

Additional pre-production ore stockpiles are located at the Kakula southern decline (approximately 188,000 tonnes of high-grade ore grading 5.73% copper and 250,000 tonnes of medium-grade ore grading 2.80% copper) and the Kansoko decline (approximately 3,000 tonnes of high-grade ore grading 6.48% copper and 174,000 tonnes of medium-grade ore grading 2.72% copper).

Kakula’s main pre-production stockpiles at the northern declines. The blended stockpiles currently contain approximately 900,000 tonnes grading 4.26% copper. 

 

Kakula southern decline ore stockpiles containing approximately 188,000 tonnes of high-grade ore grading 5.73% copper, and 250,000 tonnes of medium-grade ore grading 2.80% copper.

Kansoko decline ore stockpiles containing 177,000 tonnes grading 2.77% copper, including 3,000 tonnes of high-grade ore grading 6.48% copper.   



Bernard Ngoyi, belt attendant, at the Kakula North underground ore conveyor.

Dianne Lukenda, trainer, with a cable-anchor installation team at the Kansoko Mine.


Figure 1: The overall 13.3-kilometre-long Kakula Deposit overlain on southern Manhattan Island to provide a sense of the scale of the deposit.

Figure 2: Underground development completed at Kakula Mine to December 31, 2020 (in black).

Construction of the initial 3.8-Mtpa concentrator plant and other surface infrastructure on schedule; earthworks and civil works progressing well for the second 3.8-Mtpa concentrator plant

Overall progress of Kamoa-Kakula’s first-phase, 3.8-Mtpa mining and milling operation (covering mine infrastructure, concentrator plant and surface infrastructure) now is approximately 68% complete, up from 63% last month. Overall construction of the project’s first phase 3.8-Mtpa concentrator plant and associated facilities is advancing rapidly and is approximately 41% complete, up from 35% last month. The concentrator plant remains on track to be mechanically complete in Q2 2021, with first copper concentrate production scheduled for July 2021.

Civil works for the first concentrator plant is effectively complete (30,135 cubic metres of concrete poured from a total of 31,407 cubic metres) with all areas handed over and well advanced in steel, mechanical, piping and platework (SMPP) erection and installation.

A number of areas have been handed over to the electrical, control and instrumentation (EC&I) contractor for electrical installation. EC&I installation is the last activity before construction completion and subsequent commissioning.

Ongoing installation of piping at Kakula’s first 3.8-Mtpa concentrator plant.

Delivery of equipment to site is nearing completion with all structural steel, platework and piping delivered. The last truckloads of electrical cable are on route from the port of Durban, South Africa, and are expected to arrive this month. The sand filter plant and the last shipments of switchgear are scheduled to arrive in February and March 2021, respectively. More than 2,190 truckloads of equipment have been delivered to site.

Less than 680 tonnes (of a total of 4,882 tonnes) of plant structural steel remains to be installed, and 635 tonnes of platework have been installed out of a total of 863 tonnes. All steel and platework is expected to be installed in the next five to seven weeks. With the bulk of the steel structures now complete, the SMPP contractor is focusing on piping and sheeting installation. Approximately 23 kilometres of piping has already been installed.

Electrical installation in a number of areas is progressing well, with the milling area 20% complete and a number of other areas such as crushing, flotation, tailings handling in excess of 10% complete. The initial focus is on cable racking and cable installation – 48,000 metres (48 kilometres) of copper electrical cable have been installed out of a total of 207,000 metres (207 kilometres).

Watch a short fly-over video of the construction of the concentrator plant and other surface infrastructure: https://vimeo.com/495561497/9e42d84cf2

Kakula’s concentrate storage warehouse under construction.



Steel erection for Kakula’s first phase, backfill paste plant is nearing completion with electrical installation underway. The outer steel structure of the plant has been completed including the installation of the gantry crane. Structural steel erection is scheduled to be completed early this year.

The backfill plant will be used to mix tailings from the processing plant with cement to produce paste backfill. The backfill will be pumped back into the mine and used to help support mined-out areas. Approximately one half of the mine’s tailings will be sent back underground, significantly reducing the surface tailings storage.

Ongoing construction of Kakula’s first phase, backfill paste plant.

 

Construction of the tailings dam is progressing well and is scheduled to be completed well ahead of the required date. Installation of the three tailings lines and the tailings-return water line is nearing completion with 22 kilometres (of a total of 25 kilometres) complete.

The long-lead items for the second 3.8-Mtpa concentrator plant have been ordered and Phase 2 of the project’s development is underway. Bulk earthworks is approximately 20% complete and civil works has started in the stockpile and milling areas.

Excavation of the ball mill foundations for the second 3.8-Mtpa concentrator.

Concrete poured for the ball mill foundations for the second 3.8-Mtpa concentrator.



Paul Kamboya Yav, Assistant Boilermaker, at the Kakula concentrator plant.

Pipefitters Serge Itadi Mushid (left) and Junior Malandji (right), working on the concentrate storage warehouse.

 

Contractors installing copper electrical cables at the Kakula concentrator plant.

Thomas Ngoyi, scaffold erector with DRC contracting company Majengo, at the Kakula concentrator plant.



A 3D, overhead illustration of the finished Phase 1, 3.8-Mtpa concentrator plant. The picture

A 3D illustration of the finished ball mills area for the Phase 1, 3.8-Mtpa concentrator, with the next two ball mills for the recently-initiated Phase 2 concentrator plant shown in magenta. The picture



A 3D illustration of Kakula’s initial 3.8-Mtpa concentrator plant, with the recently-initiated Phase 2 3.8-Mtpa processing plant shown in magenta. The picture immediately below shows the currentconstruction progress.

A 3D illustration of the initial high-pressure-grinding-rolls (HPGR) stockpile, with the recently-initiated second HPGR stockpile shown in magenta. The picture immediately below shows the currentconstruction progress.

 

A 3D illustration of the tailings thickener (larger one in green) and concentrate thickener (smaller one in green), with the concentrate bagging plant shown in the background and the Phase 2 thickeners shown in magenta. The picture immediately below shows the currentconstruction progress.

 
A 3D illustration of the reagent storage building,bagging plant and concentrate storage building, with Phase 2 shown in magenta. The picture immediately below shows the currentconstruction progress.

 

A 3D illustration of Kakula’s first phase, finished backfill plant, with the current construction and the initial 3.8-Mtpa concentrator plant in the background shown immediately below. The backfill plant will blend tailings from the concentrator with cement to produce paste backfill that will be pumped into the mine and used to help support mined-out areas. Approximately one half of the mine’s tailings will be sent back underground.

 


Watch a short fly-over video of the construction the backfill plant: https://vimeo.com/495562272/bbd5f360b5

Advanced, detailed discussions for the marketing of Kakula’s copper concentrates

Kamoa-Kakula is in advanced, detailed discussions with a number of parties with respect to the sale of its copper concentrates. Kakula is expected to produce an extremely high grade and clean copper concentrate (containing over 55% copper) that will be highly coveted by copper smelters around the world. Metallurgical test work indicates that the Kakula concentrates contain extremely low arsenic levels by world standards – approximately 0.01%.

Kamoa-Kakula now connected to the national power grid, providing clean, renewable 220-kV hydropower; first of six turbines at the refurbished Mwadingusha hydropower plant now synchronized to the national grid

In December, Kamoa-Kakula was connected to the national power grid with the energizing of the 35-kilometre, 220-kilovolt (kV) power line connecting theWestern Dispatch substation in Kolwezi to Kamoa-Kakula, supplying the project with reliable and clean hydro-generated electricity.

Kakula’s main electrical substation and several of the 220-kV power line transmission towers connecting the substation to the national power grid.

Watch a short fly-over video of the construction of the main electrical substation: https://vimeo.com/495561964/e87607bb4c

Ivanhoe Mines Energy DRC is pleased to announce that the first of six new turbines at the Mwadingusha hydropower plant was synchronized to the national electrical grid in December. Commissioning of the plant’s remaining five generating units, in sequence, soon will begin to ensure that Kamoa-Kakula’s power requirements are met ahead of the commissioning of the concentrator plant. The fully-refurbished hydropower plant is expected to deliver approximately 72 megawatts of power to the national grid.

Ivanhoe Mines Energy DRC achieved a significant milestone in December when the first of six turbines at the Mwadingusha hydropower plant began delivering clean, hydropower to the national electrical grid.

COVID-19 prevention initiatives continue to focus on risk mitigation

Kamoa-Kakula’s prevention measures remain strictly enforced, with further prevention being the focus while the world responds to the latest COVID-19 strain. Rigorous testing, physical distancing, wearing of face masks, frequent hand washing and contact-tracing measures are still in place to protect the safety and health of the workforce and community members.

The project has a well-established COVID-19 isolation facility at the Kamoa Camp. Suspected cases and symptomatic patients are moved to this facility, where they are isolated, tested and treated. Once patients have recovered and are deemed no longer infectious, they can return to work only after an additional quarantine period determined by the project’s medical staff.

Kamoa-Kakula has successfully sourced the latest COVID-19 rapid diagnostic tests (RDT) that test for antigens (the presence of viral particles). The tests are being used by the medical team at Kamoa-Kakula to screen all site arrivals and travellers. Test results are received within an average of 20 minutes, which further enhances the preventative measures already in place.

As the pandemic evolves, the medical team at Kamoa-Kakula continues to review and update its risk mitigation protocols. The project’s preventative measures are at the highest international standards, and should there be a case internally, the risk of spreading or cross-contamination is considered to be very low.

Kamoa-Kakula’s contractors accommodations and recreation facilities.



Blasting assistants, Augustine Sondash (left) and Fiston Maloba (right) in the Kakula Mine.

The Mumba community fish farm and vegetable garden, a Kamoa-Kakula Sustainable Livelihoods project designed to enhance food security and the living standards of the people who reside within the project's footprint.



The new school in the village of Muvunda, a community initiative to increase education opportunities for families living near the Kamoa-Kakula Project.

SeamstressProsperine Kazadimake sewing new Kamoa Copper uniforms at the Kamoa Sewing Project, another Kamoa-Kakula Sustainable Livelihoods project.

Qualified Persons

Disclosures of a scientific or technical nature regarding development scenarios at the Kamoa-Kakula Project in this news release have been reviewed and approved by Steve Amos, who is considered, by virtue of his education, experience and professional association, a Qualified Person under the terms of NI 43-101. Mr. Amos is not considered independent under NI 43-101 as he is the Head of the Kamoa Project. Mr. Amos has verified the technical data disclosed in this news release.

Other disclosures of a scientific or technical nature regarding the stockpiles in this news release have been reviewed and approved by George Gilchrist, who is considered, by virtue of his education, experience and professional association, a Qualified Person under the terms of NI 43-101. Mr. Gilchrist is not considered independent under NI 43-101 as he is the Vice President, Resources of Ivanhoe Mines. Mr. Gilchrist has verified the other technical data disclosed in this news release.

The stockpile grade estimates contained in this release are based upon bulk ore sampling from earlier underground headings, and vertical channel sample profiles from recent development. Bulk ore sampling was done on each heading every second blast and three 5-kilogram samples were taken. Since the beginning of October 2020, channel sample profiles are the primary data informing the stockpile grade estimates. These are cut approximately 15 metres apart in 1-metre vertical increments across the full vertical exposure using a handheld grinder, with a 100-to-150-gram sample collected. The samples are pulverized at the project’s onsite laboratory and analyzed using a portable XRF (pXRF) instrument. Kamoa Copper has routinely analyzed its exploration drill core for copper using pXRF, in addition to analysis at a commercial laboratory using four acid digest and ICP-OES. This data has demonstrated that pXRF results can be relied upon for grade control and run-of-mine sampling.

Ivanhoe has prepared an independent, NI 43-101-compliant technical report for the Kamoa-Kakula Project, which is available on the company’s website and under the company’s SEDAR profile at www.sedar.com:

  • Kamoa-Kakula Integrated Development Plan 2020 dated October 13, 2020, prepared by OreWin Pty Ltd., China Nerin Engineering Co., Ltd., DRA Global, Epoch Resources, Golder Associates Africa, KGHM Cuprum R&D Centre Ltd., Outotec Oyj, Paterson and Cooke, Stantec Consulting International LLC, SRK Consulting Inc., and Wood plc.

The technical report includes relevant information regarding the assumptions, parameters and methods of the mineral resource estimates on the Kamoa-Kakula Project cited in this news release, as well as information regarding data verification, exploration procedures and other matters relevant to the scientific and technical disclosure contained in this news release.

About Ivanhoe Mines

Ivanhoe Mines is a Canadian mining company focused on advancing its three principal joint-venture projects in Southern Africa: the development of major new, mechanized, underground mines at the Kamoa-Kakula copper discoveries in the DRC and at the Platreef palladium-platinum-nickel-copper-rhodium-gold discovery in South Africa; and the extensive redevelopment and upgrading of the historic Kipushi zinc-copper-germanium-silver mine, also in the DRC. Kamoa-Kakula is expected to begin producing copper in July 2021 and, through phased expansions, is positioned to become one of the world's largest copper producers. Kamoa-Kakula and Kipushi will be powered by clean, renewable hydro-generated electricity and will be among the world’s lowest greenhouse gas emitters per unit of metal produced. Ivanhoe also is exploring for new copper discoveries on its wholly-owned Western Foreland exploration licences in the DRC, near the Kamoa-Kakula Project.

Information contacts

Investors: Bill Trenaman +1.604.331.9834 / Media: Matthew Keevil +1.604.558.1034

Forward-looking statements

Certain statements in this release constitute “forward-looking statements” or “forward-looking information” within the meaning of applicable securities laws. Such statements and information involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company, its projects, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. Such statements can be identified by the use of words such as “may”, “would”, “could”, “will”, “intend”, “expect”, “believe”, “plan”, “anticipate”, “estimate”, “scheduled”, “forecast”, “predict” and other similar terminology, or state that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved. These statements reflect the company’s current expectations regarding future events, performance and results and speak only as of the date of this release.

Such statements include without limitation, the timing and results of: (i) statements regarding the Kamoa-Kakula Project is on track to have approximately three million tonnes of high-grade and medium-grade ore stockpiled on surface, containing more than 125,000 tonnes of copper, prior to the planned start of production in July 2021; (ii) statements that the risk of the risk of spreading or cross-contamination of COVID-19 at the Kamoa-Kakula Project is considered to be very low; (iii) statements regarding the expectation that Phase 2 of the project’s development when the Kakula concentrator processing capacity doubles to 7.6 Mtpa is to be commissioned in Q3 2022; (iv) statements regarding Kakula is projected to be the world’s highest-grade major copper mine, with an initial mining rate of 3.8 Mtpa at an estimated average feed grade of more than 6.0% copper over the first five years of operation; (vi) statements regarding Phases 1 and 2 combined are forecast to produce approximately 400,000 tonnes of copper per year; (vii) statements regarding based on independent benchmarking, the project’s phased expansion scenario to 19 Mtpa would position Kamoa-Kakula as the world’s second largest copper mining complex, with peak annual copper production of more than 800,000 tonnes; (viii) statements regarding Kamoa-Kakula will be among the world's lowest greenhouse gas emitters per unit of copper produced; (ix) statements regarding approximately one half of the mine’s tailings will be sent back underground; (x) statements regarding Kakula is expected to produce an extremely high grade and clean copper concentrate (containing over 55% copper and extremely low arsenic levels by world standards – approximately 0.01%) that will be highly coveted by copper smelters around the world; and, (xi) statements regarding the fully-refurbished Mwadingusha hydropower plant is expected to deliver approximately 72 megawatts of power to the national grid.

As well, all of the results of the Kakula definitive feasibility study, the Kakula-Kansoko pre-feasibility study and the Kamoa-Kakula preliminary economic assessment, constitute forward-looking statements or information, and include future estimates of internal rates of return, net present value, future production, estimates of cash cost, proposed mining plans and methods, mine life estimates, cash flow forecasts, metal recoveries, estimates of capital and operating costs and the size and timing of phased development of the projects. Furthermore, with respect to this specific forward-looking information concerning the development of the Kamoa-Kakula Project, the company has based its assumptions and analysis on certain factors that are inherently uncertain. Uncertainties include: (i) the adequacy of infrastructure; (ii) geological characteristics; (iii) metallurgical characteristics of the mineralization; (iv) the ability to develop adequate processing capacity; (v) the price of copper; (vi) the availability of equipment and facilities necessary to complete development; (vii) the cost of consumables and mining and processing equipment; (viii) unforeseen technological and engineering problems; (ix) accidents or acts of sabotage or terrorism; (x) currency fluctuations; (xi) changes in regulations; (xii) the compliance by joint venture partners with terms of agreements; (xiii) the availability and productivity of skilled labour; (xiv) the regulation of the mining industry by various governmental agencies; (xv) the ability to raise sufficient capital to develop such projects; (xvi) changes in project scope or design; and (xvii) political factors.

Forward-looking statements and information involve significant risks and uncertainties, should not be read as guarantees of future performance or results and will not necessarily be accurate indicators of whether or not such results will be achieved. A number of factors could cause actual results to differ materially from the results discussed in the forward-looking statements or information, including, but not limited to, the factors discussed below and under “Risk Factors”, and elsewhere in this release, as well as unexpected changes in laws, rules or regulations, or their enforcement by applicable authorities; the failure of parties to contracts with the company to perform as agreed; social or labour unrest; changes in commodity prices; and the failure of exploration programs or studies to deliver anticipated results or results that would justify and support continued exploration, studies, development or operations.

Although the forward-looking statements contained in this release are based upon what management of the company believes are reasonable assumptions, the company cannot assure investors that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this release and are expressly qualified in their entirety by this cautionary statement. Subject to applicable securities laws, the company does not assume any obligation to update or revise the forward-looking statements contained herein to reflect events or circumstances occurring after the date of this release.

The company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of the factors set forth below in the “Risk Factors” section in the company’s Q3 2020 MD&A and its current annual information form.

剛果民主共和國科盧韋齊艾芬豪礦業 (TSX: IVN; OTCQX:IVPAF) 聯席董事長羅伯特·弗里蘭德 (Robert Friedland) 與孫玉峰 (Miles Sun) 今天欣然宣布,其位于剛果民主共和國 (以下簡稱“剛果 ()) 的卡莫阿-卡庫拉銅礦項目開發持續推進,12月份在卡庫拉和卡索科礦山共采出269,000噸礦石,銅品位5.36%;與11月份同比采出礦石量提高7.6%,銅品位提高了10.5%。

項目的投產前地表堆場,目前已儲備了約152萬噸高品位和中品位礦石,銅品位約4.03%。隨著更多采掘班組在卡庫拉礦床中心的超高品位礦段進行開采作業,礦堆所含銅金屬量于12月份提升了約14,400噸,含銅量達6.1萬噸 — 相比11月份高出30.9% (目前的銅價約每噸銅7,900美元)。

項目將按計劃于20217月實現投產,此前將在地表堆場儲備約300萬噸高品位和中品位礦石,含有超過125,000噸銅金屬量。

弗里蘭德先生和孫先生表示,項目團隊的地下開拓工程于12月份再創新高,共掘進2,792米,相比202010月的月度最高記錄高出620米??◣炖媳眱蓷l運輸通道中的第二條已于12月底完成貫通工程,實現了項目的另一個重要里程碑,并到達卡庫拉高品位的礦床中心,該礦段的銅品位達8%以上。

弗里蘭德先生說﹕“經過26年來的不懈努力,艾芬豪礦業與其合作伙伴距離卡莫阿-卡庫拉的初次投產還有不到6個月的時間,這是幾代人以來在非洲大陸發現的首個世界級銅礦項目。自1994年起,成千上萬的優秀團隊成員與我們一同致力于項目的開發,今年的轉變更是標志著這個旅程將開啟新的篇章??◣炖V山的地下開拓工程超計劃快速推進,第一座選礦廠的建設將會按計劃完成,并于今年7月實現清潔的高品位銅精礦生產??~業的國際化管理團隊,在面對COVID-19全球疫情對物流方面帶來的巨大挑戰時,成功應對、表現十分出色?!?

弗里蘭德先生補充說﹕“我們預期銅價格將于2021年及未來,持續強勁走勢。項目計劃于71日前儲備超過125,000噸銅金屬量的礦堆供給選礦廠,正好配合卡莫阿銅業首次投產的時間點。銅價格的上漲將直接影響礦堆銅金屬量的可變現價值,而堆場礦石的開采成本已資本化?!?/strong>

12月份的掘進持續推進并創下新高,至今已完成超過29.8公里,超越既定目標約10.5公里。12月份的月度地下開拓工程,包括在卡庫拉礦山掘進的2,521米和在卡索科礦山掘進的271米。

卡莫阿銅業首席執行官馬克·法倫(Mark Farren)說﹕“采掘班組于12月份取得的優異成績,為2020年畫上了圓滿的句號。團隊在臨近新年假期的情況下,仍能創下月度記錄,充分印證了他們的專業態度和擔當精神。2021新年伊始充滿著希望和新生機,我們的重點將會逐漸從礦山開發轉移到生產方面?!?

法倫先生補充說﹕“采掘班組最近到達卡庫拉礦床中心,該礦段厚大且銅品位高達8%以上,使我們能夠擴大開拓巷道的斷面尺寸至10米高x7.5米寬 (75平方米),可大大提升每米開拓量?!?

12月份在卡庫拉采出高品位和中品位礦石總共約245,000噸,平均銅品位為5.64%,其中包含在礦床中心銅品位8%以上礦段采掘約55,000噸礦石,銅品位達8.75%。目前,卡庫拉的采掘班組主要專注于高品位礦床中心的分層充填采礦區開拓。為了能在這些高品位的分層充填礦段展開采礦作業,必須要在低、中和高品位礦段都進行開拓工作,這一設計也是為了配合計劃于7月開始運行的選礦廠。這將使采掘班組可從卡庫拉地下直接運送大量的高品位礦石到選礦廠。

12月份在卡索科采掘的高品位和中品位礦石總共約24,000噸,平均銅品位為2.49%??ㄋ骺朴?/strong>12月份重點建設通往礦山第一通風井的主要通風道??ㄋ骺朴捎柧氂兴氐牟傻V隊伍進行開拓,開采的礦石將會用于補足項目在進行第二序列開發時,卡庫拉選礦廠擴大至760萬噸/年的產能需求,第二序列產能預計于2022年第三季度實現投產。

卡庫拉其中一隊表現優異的采掘班組。后排 (從左至右)Mike Ilunga、Aliday Mujinga、Elize Nkulu、Ebrahim Tshikala、Liu HuangJean Paul Ndayi。前排﹕Eric Kaut、Seriphin Lupitshi、Lazare IlungaDidier Kaona。



礦工在卡庫拉礦床中心附近的高品位開發巷道工作面操作巨型鉆機。由于該礦段的銅礦石厚大,開拓巷道的斷面尺寸達10米高x7.5米寬 (32.8尺高x24.6尺寬),或75平方米。巷道之高相當于標準電線桿的高度。該礦段的平均銅品位達8.75%,每次爆破所得的礦石量約1,000噸,比一般巷道每次爆破所得的礦石量高出一倍以上。

卡庫拉礦山計劃于20217月實現首批銅生產,預期將會成為全球品位最高的大型銅礦,初始年處理礦石380萬噸,預計投產后前5年的平均入選品位達6.0%以上。第一和第二序列總共每年將會生產約40萬噸的銅金屬。根據獨立研究機構排名,一旦項目擴產至1,900萬噸/年的礦石處理量,卡莫阿-卡庫拉將成為全世界第二大銅礦山,年度最高銅產量將超過80萬噸。
 
卡莫阿-卡庫拉銅礦項目是艾芬豪礦業 (占股39.6%)、紫金礦業集團 (占股39.6%)、晶河全球 (占股0.8%) 及剛果()政府 (占股20%) 的合資項目。

加拿大密西沙加的Hatch Ltd.對于卡莫阿-卡庫拉的溫室氣體強度指標進行了獨立審核,確定項目將會成為全球每單位銅溫室氣體排放量最低的礦山之一。

12月份開采的礦石量較11月份高出7.6%,月度銅品位從4.85%提升至5.36%;投產前地表礦堆目前已儲備礦石量約152萬噸,銅品位4.03%
采掘班組于12月份已在卡庫拉和卡索科礦山開采并堆存269,000噸礦石,銅品位5.36%。項目的投產前高品位和中品位礦堆已儲備礦石量約152萬噸,銅品位約4.03%。另外,622,000噸較低品位的礦石也運送到地表的礦堆。
12月份開采的礦石量較11月份 (250,000噸,銅品位4.85%) 高出約7.6%,較10月份 (194,000噸,銅品位4.01%) 則高出約38%。

圖表120205月至202012月期間卡庫拉和卡索科礦山的投產前累計堆存礦石量和品位。



圖表220205月至202012月期間卡庫拉和卡索科礦山的投產前礦堆銅金屬量。



圖表3卡庫拉和卡索科礦山于20217月前,投產前礦堆銅金屬量的增長估算。虛線是根據2020年預可行性研究為基礎而作出的預測。



在卡庫拉礦山北部開采的礦石經由輸送系統,運送到地表的混合礦堆?;旌系V堆目前已儲備礦石量約900,000噸,銅品位約4.26%。
此外,項目還有另外兩個投產前礦堆,分別位于卡庫拉南面斜坡道 (188,000 噸高品位礦石,銅品位5.73%以及250,000噸中品位礦石,銅品位2.80%) 和卡索科斜坡道 (3,000 噸高品位礦石,銅品位6.48%以及174,000噸中品位礦石,銅品位2.72%)。

卡庫拉北面斜坡道的主要投產前礦堆?;旌系V堆目前已儲備礦石量約900,000噸,銅品位4.26%。

卡庫拉南面斜坡道的礦石堆場目前已儲備約188,000噸高品位礦石,銅品位5.73%以及250,000噸中品位礦石,銅品位2.80%。

卡索科斜坡道的礦石堆場目前已儲備177,000噸礦石,銅品位2.77%,其中包括3,000噸高品位礦石,銅品位達6.48%。



輸送帶工Bernard Ngoyi在卡庫拉北面地下礦石輸送系統前。

培訓員Dianne Lukenda與安裝電纜架的隊伍在卡索科礦山。



1﹕卡庫拉礦床總長13.3公里,覆蓋在曼哈頓島南部(如下圖),可見其規模之大。

2:截至20201231日在卡庫拉礦山已完成的地下開拓工程 (黑色)。

 

年處理礦量380萬噸初始選礦廠和其他地表基礎設施的施工按計劃推進;第二座380萬噸/年選礦廠的土方工程和土木工程進展理想

卡莫阿-卡庫拉第一序列的年處理礦量380萬噸開采選礦作業 (包括礦山基礎設施、選礦廠和地表基礎設施) 整體進度理想,目前已完成約68%,上月則完成了63%。項目第一座380萬噸/年選礦廠和相關設施的整體施工正在快速推進,目前已完成約41%,上月則完成了35%。選礦廠將按計劃于2021年第二季度完工,并于20217月實現首批銅精礦生產。

初始選礦廠的土木工程基本上已完工,至今已灌入30,135立方米的混凝土 (31,407立方米)。所有主要廠區已移交給結構、機械、管道和鈑金(以下簡稱“SMPP”)承包商繼續進行安裝。

部分廠區已移交給電器、控制和儀表 (以下簡稱“EC&I) 承包商進行安裝。EC&I安裝是建設工程的最后一項作業,選礦廠完工后將會投入生產。

卡庫拉第一座380萬噸/年選礦廠的管道安裝正在進行中。

礦場的設備交付已接近完成,所有鋼結構、鈑金和管道已運抵現場。裝載著電纜的最后一批卡車正從南非德班港口至礦場的途中,預計將于本月抵達礦場。砂礫過濾機和最后一批開關設備將分別于20212月和3月運抵現場。至今,已有超過2,190輛卡車的設備運抵礦場。

廠房還剩余680 (總共4,882) 的鋼結構需要進行安裝,635 (總共863) 的鈑金已完成安裝。預計所有鋼材和鈑金將于未來五至七周內安裝完畢。隨著大部分鋼結構的完工,SMPP承包商將會重點進行管道和鈑材的安裝,至今已完成長度約23公里的管道安裝。

其中部分廠區的電器安裝進展順利,磨礦廠區已完成20%,碎石機、浮選廠和尾礦處理廠區等其他廠區已完成超過10%。前期工作主要集中在電纜架和電纜的安裝,目前已完成安裝48公里長的銅電纜 (總共207公里)。

關于選礦廠和其他地表基礎設施施工的簡短航拍視頻,可通過此鏈接進行觀看:https://vimeo.com/495561497/9e42d84cf2

施工中的卡庫拉精礦倉庫


卡庫拉第一序列回填廠的鋼架安裝接近完成,電器安裝正在進行中?;靥顝S的外部鋼結構已經完成,其中高架起重機已完成安裝。鋼結構的安裝計劃于本年初完工。

回填廠將選礦廠的尾礦與水泥混合制造回填漿?;靥顫{將會泵回礦山用作填充采空區。礦山約一半的尾礦將用于井下回填,大大減少地表的尾礦量。

施工中的卡庫拉第一序列回填廠

尾礦壩的施工進度理想,預計將于規劃時間之前完工。三條尾礦管道和尾礦回水管的安裝也即將完成,目前已完成22公里 (總共25公里)。

目前已為第二座380萬噸/年選礦廠的長周期設備下訂單,項目第二序列的開發工作正在進行中。至今已完成約20%的土方工程,并開始在礦堆和選礦廠區內進行土木工程。

為第二座380萬噸/年選礦廠的球磨機進行地基挖掘工程

為第二座380萬噸/年選礦廠的球磨機所在區域的地基澆筑混凝土。

鍋爐助理Paul Kamboya Yav在卡庫拉選礦廠前。



管道安裝Serge Itadi Mushid (左) 和 Junior Malandji (右) 正在精礦倉庫施工。

 

合同工在卡庫拉選礦廠安裝銅電纜。


剛果 () 承包商Majengo的腳手架工Thomas Ngoyi在卡庫拉選礦廠前。


圖片上半部分為已建成的第一座380萬噸/年選礦廠的三維鳥瞰圖,下半部分顯示了當前的施工進度。



圖片上半部分為第一座380萬噸/年選礦廠已建成的球磨機廠區的三維示意圖,規劃中用于第二座選礦廠的另外兩座球磨機則以紫色顯示。圖片下半部分顯示了當前的施工進度。



圖片上半部分為卡庫拉380萬噸/年初始選礦廠的三維示意圖,規劃中的第二座380萬噸/年選礦廠則以紫色顯示。圖片下半部分顯示了當前的施工進度。

圖片上半部分為首個高壓輥磨機礦倉的三維示意圖,規劃中的第二個高壓輥磨機礦倉則以紫色顯示。圖片下半部分顯示了當前的施工進度。

圖片上半部分為尾礦濃密機 (以綠色顯示) 和精礦濃密機 (以綠色顯示) 的三維示意圖,背景為精礦裝袋廠房,規劃中的第二組濃密機則以紫色顯示。圖片下半部分顯示了當前的施工進度。



圖片上半部分為試劑倉庫、裝袋廠房和精礦倉庫的三維示意圖,第二序列則以紫色顯示。圖片下半部分顯示了當前的施工進度。

圖片上半部分為已完工的卡庫拉第一序列回填廠的三維示意圖,下半部分顯示了當前的施工進度,背景為380萬噸/的初始選礦廠?;靥顝S將選礦廠的尾礦與水泥混合制造回填漿?;靥顫{將會泵回礦山用作填充采空區。礦山約一半的尾礦將被泵送回地下。



關于回填廠施工的簡短航拍視頻,可通過此鏈接進行觀看:https://vimeo.com/495562272/bbd5f360b5
關于卡庫拉銅精礦銷售方案的深入詳細討論正在進行中

目前,卡莫阿-卡庫拉正與多方就銅精礦的銷售進行深入和詳細討論??◣炖瓕a極高品位的清潔銅精礦 (含銅量達55%以上),將會是世界各地銅冶煉廠渴求的高質量產品。冶金測試結果顯示,相較全球基準,卡庫拉精礦的含砷量極低,約為0.01%。

卡莫阿-卡庫拉現已接入國家電網,可為項目提供清潔、可再生的220千伏水電能源;翻新后的Mwadingusha水電站6臺渦輪機中的第1臺與國家電網同步。

卡莫阿-卡庫拉于12月份,與位于科盧韋齊的西部調度 (Western Dispatch) 變電站通過一條35公里長的220千伏電力線相連通,使國家電網為項目提供可靠和清潔的水電能源。

卡庫拉的主要變電站以及連接變電站與國家電網的220千伏電路線輸電搭。

關于主要變電站施工的簡短航拍視頻,可通過此鏈接進行觀看https://vimeo.com/495561964/e87607bb4c
艾芬豪礦業剛果(金)能源公司 (Ivanhoe Mines Energy DRC) 公布,Mwadingusha水電站6臺新渦輪機的第一臺已于12月份與國家電網同步。其后,水電站余下5臺發電機很快將會陸續進行調試,以確???卡庫拉在選礦廠投產前獲得充足的電能供應。全面翻新后的水電站預計將向國家電網提供約72 兆瓦的電力。

艾芬豪礦業剛果(金)能源公司于12月份實現了一個重要里程碑,Mwadingusha水電站6臺渦輪機的第一臺開始為國家電網提供清潔的水電能源。


COVID-19防疫措施側重于降低風險
卡莫阿-卡庫拉礦山繼續嚴格實施防疫措施,進一步防范世界各地最近出現的COVID-19新型病毒。防疫措施包括嚴格測試、保持距離、配戴口罩、經常洗手及追蹤調查接觸者等,以保護員工和社區成員的安全和健康。

項目在卡莫阿營地設有完善的COVID-19隔離設施。任何疑似或出現病癥的人員都將會安排到該設施,進行隔離、檢測和治療?;颊呖祻颓也辉倬邆魅拘院?,必須在項目醫務人員規定的額外隔離觀察期結束后,才可返回工作崗位。
卡莫阿-卡庫拉已成功采購最新的COVID-19快速檢測試劑盒,檢測患者體內的抗原(存在病毒顆粒)???卡庫拉的醫療團隊正使用這些試劑盒,為所有抵達礦場的人員進行測試,平均可以在20分鐘內取得結果,以進一步加強現有的防疫措施。
隨著疫情的變化,卡莫阿-卡庫拉的醫療隊伍將繼續不斷審核和更新其疫情防控方案。項目的防疫措施符合國際最高標準,內部出現感染病例,傳播或交叉感染的風險也非常低。

卡莫阿-卡庫拉承包商的宿舍和娛樂設施。

爆破工程助理 Augustine Sondash (左) 和 Fiston Maloba (右) 在卡庫拉礦山。

卡莫阿-卡庫拉可持續民生計劃旗下的Mumba社區水產和蔬菜種植園,目標是提升項目占地范圍內社區居民的食品安全和生活水平。



Muvunda村新建成的學校為社區舉措之一,旨在為居住在卡莫阿-卡庫拉項目附近的家庭提供教育機會。



卡莫阿縫紉項目是卡莫阿-卡庫拉可持續民生計劃的其中一部分。裁縫Prosperine Kazadimake正縫制卡莫阿銅業的新制服。



合資格人士

本新聞稿中關于卡莫阿-卡庫拉項目的科學或技術性披露已經由史蒂夫·阿莫斯 (Steve Amos) 審查和批準,他憑借其教育、經驗和專業協會會籍被認為是NI 43-101 標準下的合資格人士。由于阿莫斯先生是卡莫阿項目的負責人,因此他并不符合NI 43-101 對獨立人士的界定。阿莫斯先生已核實本新聞稿所披露的技術數據。

本新聞稿中關于礦堆的其它科學或技術性披露已經由喬治·吉爾克里斯特 (George Gilchrist) 審查和批準,他憑借其教育、經驗和專業協會會籍被認為是NI 43-101 條款下的合資格人士。由于吉爾克里斯特先生是艾芬豪礦業資源部副總裁,因此他并不符合NI 43-101 對獨立人士的界定。吉爾克里斯特先生已核實本新聞稿所披露的其它技術數據。

本新聞稿所載的礦堆品位估算值是基于早前從地下巷道的大塊礦石取樣以及從最近開發的垂直剖面刻槽取樣。每個巷道進行第二次爆破時取樣,并收集3個5公斤重的樣品。從2020年10月起使用刻槽取樣的樣品作為礦堆品位估算的主要數據,大約每15米在整個垂直剖面上使用手持式研磨機按1米垂直增量進行采樣,收集100-150克重的樣品。樣品在項目現場實驗室粉碎后,使用便攜式XRF (pXRF) 儀器進行分析。除了在商業實驗室利用4種酸分解液和ICP-OES進行分析之外,卡莫阿銅業也經常使用pXRF分析其鉆孔巖芯中的銅含量。該數據表明,pXRF結果可用于品位控制和采礦井取樣。

艾芬豪已經為卡莫阿-卡庫拉項目編制了一份符合NI 43-101 標準的獨立技術報告,該報告可在艾芬豪網站以及SEDAR 網站上的艾芬豪頁面獲得,網址為www.sedar.com

  • 2020年10月13日發布的2020年卡莫阿-卡庫拉綜合開發方案,由OreWin Pty Ltd.、中國瑞林工程技術有限公司、DRA Global、Epoch Resources、Golder Associates Africa、KGHM Cuprum R&D Centre Ltd. 、Outotec Oyj、Paterson and Cooke、Stantec Consulting International LLC、SRK Consulting Inc.以及Wood plc編制。

技術報告包括本新聞稿中引用的卡莫阿-卡庫拉項目的礦產資源估算的假設、參數和方法等信息,以及本新聞稿中關于科學和技術性披露的數據驗證、勘探程序和其他事項的信息。

關于艾芬豪礦業

艾芬豪礦業是一家加拿大的礦業公司,目前正推進旗下位于南部非洲的三大合資企業項目﹕位于剛果()的卡莫阿-卡庫拉銅礦和位于南非的普拉特瑞夫 (Platreef) -----金礦的大型機械化地下礦山開發工程,以及同樣位于剛果()、久負盛名的基普什 (Kipushi) ---銀礦的大型重建和改善工程???/strong>-卡庫拉預計將于20217月實現銅生產,并分階段進行擴建,預計將會成為全球最大規模的銅生產商之一???/strong>-卡庫拉和基普什將使用清潔、可再生的水電,并將成為全球每單位金屬溫室氣體排放量最低的礦山之一。同時,艾芬豪正在剛果()境內其全資擁有、毗鄰卡莫阿-卡庫拉項目的西部前沿(Western Foreland)探礦權內尋找新的銅礦資源。

聯系方式

投資者﹕Bill Trenaman +1.604.331.9834 / 媒體﹕Matthew Keevil +1.604.558.1034

前瞻性陳述

 

本新聞稿載有的某些陳述可能構成適用于證券法所定義的“前瞻性陳述”或“前瞻性信息”。該等陳述及信息涉及已知和未知的風險、不明朗因素和其他因素,可能導致本公司的實際業績、表現或成就、其項目或行業的業績,與前瞻性陳述或信息所表達或暗示的任何未來業績、表現或成就產生重大差異。該等陳述可通過文中使用“可能”、“將會”、“會”、“將要”、“打算”、“預期”、“相信”、“計劃”、“預計”、“估計”、 “安排”、“預測”、“預言”及其他類似用語,或者聲明“可能”、“會”、“將會”、“可能會”或“將要”采取、發生或實現某些行動、事件或結果進行識別。這些陳述僅反映本公司于本新聞稿發布當日對于未來事件、表現和業績的當前預期。

該等陳述包括但不限于下列事項的時間點和結果﹕(i) 關于項目將按計劃于2021年7月實現投產前,在地表堆場儲備約300萬噸高品位和中品位礦石,含有超過125,000噸銅金屬的陳述;(ii) 關于卡莫阿-卡庫拉項目一旦出現COVID-19感染病例,傳播或交叉感染的風險也非常低的陳述;(iii) 關于項目在進行第二序列開發時,卡庫拉選礦廠擴大至760萬噸/年的產能需求,預計于2022年第三季度實現投產的陳述;(iv) 關于卡庫拉礦山預期將會成為全球品位最高的大型銅礦,初始年處理礦量為380萬噸,預計投產后前5年的平均給礦銅品位達6.0%以上的陳述;(vi) 關于第一和第二序列總共每年將會生產約400,000噸銅金屬的陳述;(vii) 關于根據獨立的研究機構排名,一旦項目擴產至1,900萬噸/年,卡莫阿-卡庫拉將成為全世界第二大銅礦山,年度最高銅產量將超過800,000噸的陳述;(viii) 關于卡莫阿-卡庫拉項目將會成為全球每單位銅的溫室氣體排放量最低礦山之一的陳述;(ix) 關于礦山約一半的尾礦將被泵送回地下的陳述;(x) 關于卡庫拉將會生產極高品位的清潔銅精礦(含銅量達55%以上,相較全球標準含砷量極低,約為0.01%),將會是世界各地銅冶煉廠渴求的高質量產品的陳述;以及(xi) 關于Mwadingusha水電廠全面翻新后預計將向國家電網提供約72 兆瓦電力的陳述。

此外,卡庫拉最終可行性研究、卡庫拉-卡索科預可行性研究及卡莫阿-卡庫拉初步經濟評估的所有結果,構成了前瞻性陳述或信息,并包括內部收益率的未來估算、凈現值,未來產量、現金成本估算、建議采礦方案和方法、礦山壽命估計、現金流預測、金屬回收率、資本和運營成本估算,以及項目分期開發的規模和時間點。另外,對于與卡莫阿-卡庫拉項目開發有關的特定前瞻性信息,公司是基于某些不確定因素而作出假設和分析。不確定因素包括:(i) 基礎設施的充足性;(ii) 地質特征;(iii) 礦化的冶金特征;(iv) 發展充足選礦產能的能力;(v) 銅價格;(vi) 完成開發所需的設備和設施的可用性;(vii) 消耗品和采礦及選礦設備的費用;(viii) 不可預見的技術和工程問題;(ix) 事故或破壞或恐怖主義行為;(x) 貨幣波動; (xi) 法例修訂;(xii) 合資伙伴對協議條款的遵守情況;(xiii) 熟練勞工的人手和生產率;(xiv) 各政府機構對礦業的監管;(xv) 籌集足夠資金以發展該等項目的能力;(xiv) 項目范圍或設計更變;以及(xv) 政治因素。

前瞻性陳述及信息涉及重大風險和不確定性,故不應被視為對未來表現或業績的保證,并且不能準確地指示能否達到該等業績。許多因素可能導致實際業績與前瞻性陳述或信息所討論的業績有重大差異,包括但不限于“風險因素”以及本新聞稿其他部分所指的因素,以及有關部門實施的法律、法規或規章或其不可預見的變化;與本公司簽訂合約的各方沒有根據協議履行合約;社會或勞資糾紛;商品價格的變動;以及勘探計劃或研究未能達到預期結果或未能產生足以證明和支持繼續勘探、研究、開發或運營的結果。

雖然本新聞稿載有的前瞻性陳述是基于本公司管理層認為合理的假設而作出,但本公司不能向投資者保證實際業績會與前瞻性陳述的預期一致。這些前瞻性陳述僅是截至本新聞稿發布當日作出,而且受本警戒性聲明明確限制。根據相應的證券法,本公司并無義務更新或修改任何前瞻性陳述以反映本新聞稿發布當日后所發生的事件或情況。

由于公司在2020年第三季度管理層討論和分析和當前年度報告中“風險因素”部分所列的因素,公司的實際業績可能與這些前瞻性陳述中預期的業績有重大差異。

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