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MOKOPANE, SOUTH AFRICA – Ivanhoe Mines’ (TSX: IVN; OTCQX: IVPAF) Co-Chairmen Robert Friedland and Yufeng “Miles” Sun announced today that the company’s South African subsidiary, Ivanplats, has successfully completed the sinking of Shaft 1 to a final depth of 996 metres below surface. Underground mine development work now will focus on the construction of the 996-metre-level station at the bottom of the shaft, with final completion forecasted by the end of July 2020, well ahead of the contractual schedule. 

 

The Platreef Project, which contains the thick, high-grade, flat-lying, underground Flatreef Deposit in the world's premier platinum producing region. Shaft 1 is located approximately 350 metres away from a high-grade area of the Flatreef orebody, planned for bulk-scale, mechanized mining.