Ivanhoe Mines has announced has announced a 50% increase in indicated resources at its “ultra high-grade” Kakula copper discovery in the Democratic Republic of Congo, a joint venture with Zijin Mining.
As a 3% cut-off, Kakula now has indicated resources of 174 million tonnes at 5.62% copper, as well as 9Mt at 3.66% copper in inferred.
Using a 1% cut-off boosts the indicated resource by 58% to 585Mt at 2.92% copper.
“Kakula is the most remarkable mineral discovery we have seen during our 35-plus years in the exploration industry,” Ivanhoe founder and chairman Robert Friedland said.
The combined Kamoa-Kakula indicated resource now stands at 1.03 billion tonnes...