Ivanhoe Electric Will Use the Preliminary Feasibility Study to Pursue Long-term Project Financing


Metallurgical Results from Ongoing Testwork Show High Copper Recoveries and Recoverable Precious Metals

Santa Cruz Copper Project Received General Plan Amendment Approval from the City of Casa Grande and is Preparing Key Permit Applications for Submittal in H1 2025

Recent Infill Drilling Intersects High-Grade Copper Mineralization at the Santa Cruz Deposit, Including 99 Meters Grading 2.39% Copper

Phoenix, Arizona--(Newsfile Corp. - September 16, 2024) - Ivanhoe Electric Inc. (NYSE American: IE) (TSX: IE) ("Ivanhoe Electric") Executive Chairman Robert Friedland and President and Chief Executive Officer Taylor Melvin are pleased to provide an update on the ongoing progress at the Company's Santa Cruz Copper Project in Arizona.

Mr. Melvin commented: "We are encouraged by the ongoing progress at our Santa Cruz Copper Project. Our Preliminary Feasibility Study remains on track and on budget for completion in the second quarter of 2025. We are pleased to have received approval by the City of Casa Grande for our General Plan Amendment, and we look forward to submitting key permit applications in early 2025."

The Santa Cruz Copper Project Preliminary Feasibility Study will define an underground mining operation supported by a mine plan and an updated mineral resource and reserve estimate. see & read more on
https://www.newsfilecorp.com/release/223233/