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"The transition from wide-space discovery drilling to continuity-focused drilling, which is the mandate of the 2026 program, represents a meaningful step in de-risking the project for resource definition." $SASK $SASKF From Crux Investor on Angilak →

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Ivanhoe Mines just released an update on the their massive Western Forelands copper exploration project. The Western Forelands discoveries continue to grow explosively… confirming the area as the most important sedimentary-hosted copper basin on our planet… One might struggle to find a larger copper system that has been discovered in the past 30 years. Ivanhoe’s world-leading geologists have so far found over 55 million tonnes of copper in the basin… and they are confident they will continue to find additional world-class copper systems there for generations to come. Today’s interim update shows that the size of the Makoko District discovery within the Western Forelands continues to grow, firmly ranking Makoko by far as the world’s largest and the highest-grade new copper discovery of the past decade… in an era when the desperate cries for new sources of copper are getting louder and fewer copper discoveries are being made. As the copper resource expands…so does our excitement and confidence. We plan to intensify our efforts this year by, yet again, increasing the size of the in-fill and step-out drilling program. Our subsequent Mineral Resource update will include both additional metres and the projected 60,000 metres of drilling from this year’s drill program that were not included in today’s update. Our track record of copper discovery in the Western Forelands is unrivaled… We are discovering copper at an absurdly high discovery rate of 100 million pounds of contained copper for every 1,000 metres drilled… and at an exceptionally low discovery cost of a fraction of a penny per pound of high-grade copper discovered. Our ability to find high-grade copper systems at such low cost is the very definition of creating shareholder value. We plan for scoping study work to commence soon, which will include mining some of the highest-grade, open pit copper mines in the world. Ivanhoe Mines Watch the video visualizing the 2026 Mineral Resource update...

Robert Friedland

100,408 Aufrufe • vor 17 Tagen