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Ivanhoe Mines Issues First Quarter 2022 Financial Results, as Well as Review of Mine Construction and Exploration Activities

Kamoa-Kakula Copper Mining Complex in the Democratic Republic of Congo sold 51,919 tonnes of payable copper and recognized record revenue of $519.6 million in Q1 2022

The Kamoa-Kakula joint venture recorded record EBITDA of $399.4 million, and operating profit of $380.5 million for Q1 2022

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Ivanhoe Mines Announces Completion of Platreef's Production Shaft 1 at the Tier-One Palladium, Rhodium, Nickel, Platinum, Copper and Gold Project in South Africa

Platreef Phase 1 production on schedule for Q3 2024

First blast on Platreef's 950-metre level completed on April 22, lateral mine development toward Flatreef orebody commences

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Kamoa-Kakula on Track to Become the World's Third-largest Copper Mining Complex by Q4 2024, with Copper Production of Approximately 600,000 Tonnes per Year

Phase 3 expansion to include additional Kamoa 5 million-tonne-per-annum concentrator, adjacent to two new underground mines

Kamoa Copper commences earthworks on direct-to-blister smelter; on-site copper metal production expected in Q4 2024

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