Ivanhoe Mines files NI 43-101 technical report covering the Platreef Integrated Development Plan 2025
Ivanhoe Mines announced that, following the announcement made on February 18, 2025, the company has filed the National Instrument 43-101 (NI 43-101) technical report covering the Platreef Integrated Development Plan 2025.
The Platreef Integrated Development Plan 2025 includes two independent technical studies covering the three-phase expansion of the tier-one Platreef platinum, palladium, rhodium, nickel, gold, and copper mine in South Africa.
The two completed independent studies consist of an updated Feasibility Study on the Phase 2 expansion to 4.1 Mtpa of processing capacity (4.1 Mtpa FS), and a Preliminary Economic Assessment covering a new Phase 3 expansion to 10.7 Mtpa of processing capacity (10.7 Mtpa PEA).
The Platreef 2025 IDP technical report was prepared by OreWin Pty Ltd of Adelaide, Australia; The MSA Group (Pty) Ltd. of Johannesburg, South Africa; SRK Consulting (South Africa) (Pty) Ltd. of Cape Town, South Africa; DRA Projects (Pty) Ltd. of Johannesburg, South Africa; and, WSP Global Inc. of Montreal, Canada.
The independent Qualified Persons responsible for preparing the 4.1 Mtpa FS and 10.7 Mtpa PEA, on which the Platreef 2025 IDP technical report was based are; Bernard Peters (OreWin Pty Ltd), Jeremy Witley (The MSA Group (Pty) Ltd.), William Joughin (SRK Consulting (South Africa) (Pty) Ltd.), Curtis Smith (OreWin Pty Ltd), Riaan Thysse (WSP Global Inc.), and Ryan Males and Louise Lintvelt (DRA Projects (Pty) Ltd.).
Ivanhoe Mines holds a 64% interest in the Platreef mine through its subsidiary, Ivanplats, and is directing all mine development work. The South African beneficiaries of a broad-based, black economic empowerment structure have a combined 26% stake, with the remaining 10% owned by a consortium of Japanese shareholders including ITOCHU Corporation; Japan Organization for Metals and Energy Security; and JGC Holdings Corporation.
