Kamoa-Kakula deposit is the world’s fourth-largest copper discovery

(Ecofin Agency) – On February 26, Ivanhoe Mines announced that the “remarkable” Kamoa-Kakula deposit contains a 50% more copper than previously estimated increase in indicated mineral resources, at a 3% cut-off grade. This follows an updated estimate conducted under the supervision of Amec Foster Wheeler, the independent consultant.

According to the current estimations, “Kakula now contains Indicated Mineral Resources of 174 million tonnes at 5.62% copper, plus additional Inferred Mineral Resources of 9 million tonnes at 3.66% copper, at a 3% cut-off. At a 1% cut-off, Kakula’s Indicated Mineral Resources have increased by 58%, now totalling 585 million tonnes at 2.92% copper” … read more