Ivanhoe Mines announced at the African Mining Indaba Conference, the completion of the Shaft 1 production changeover at the company's tier-one Platreef palladium, rhodium, nickel, platinum, copper and gold project in South Africa. Shaft 1 will serve as Platreef's initial production shaft and is approximately 450 metres
away from the first high-grade area of the Flatreef orebody scheduled to be mined during Phase 1 production. On April 22, 2022, Ivanplats celebrated the first blast at Platreef's 950-metre level, marking the commencement of lateral mine development, with first production anticipated in the third quarter of 2024. Underground mine development will use battery-electric M2C drill rigs and 14-tonne load haul dumpers being manufactured by Epiroc, a leading mining equipment manufacturer,
at its facilities in Örebro, Sweden. The partnership with Epiroc for emissions-free mining equipment is an important first step toward reducing the carbon footprint of the mine, with learnings to be applied across all of Ivanhoe Mines' operations.