Ivanhoe Mines announced an updated current and future greenhouse gas (GHG) emissions assessment of the Kamoa-Kakula Copper Complex. The assessment, conducted by independent consultants Skarn Associates of London, England and WSP Group of Montreal, Canada, confirms that Kamoa-Kakula is the market-leading major copper producer in terms of GHG emissions. Kamoa-Kakula's ongoing Phase 3 expansion, which is on schedule to be completed in Fourth Quarter 2024, consists of a new 5-Mtpa underground mine and concentrator at Kamoa, an on-site direct-to-blister flash copper smelter, as well as the refurbishment of Turbine #5 at the Inga II hydroelectric power station.

Turbine #5 will supply an additional 178 megawatts of clean hydroelectric power to the national grid, which is sufficient to meet the power requirements of the Phase 3 concentrator, the smelter, as well As provide spare capacity for the DRC grid and future expansions. The new direct-to-blister Flash copper smelter is projected to be one of the largest, single-line copper flash smelters in the world, and the largest in Africa. The emissions estimates for Scope 3 include Category 9, downstream transportation and distribution, and Category 10, processing of sold products.

Through a power purchase agreement with SNEL, Kamoa-Kakula are supplied with the hydroelectric power generated from both refurbished hydroelectric facilities. Such statements include, without limitation: (i) statements that significant reduction in combined Scope 1, 2 and 3 GHG emissions intensity following the completion of the direct-to-blister copper smelter expected in Fourth Quarter 2024; (ii) statements that the refurbishment of Turbines #5 at the IngaII hydroelectric facility is approximately 50% complete and is advancing on budget and on schedule; (iii) statements that Kamoa-Kakul's ongoing Phase 3 expansion is on schedule to be completed Inga II hydroelectric facility is approximately 50%. (iii) statements that Kamo-Kakula's ongoing phase 3 expansion is on schedule to been completed in Fourth Quarter 2024; (iv) statements that Turbine #5 will Supply an additional 178 megawatts of Clean hydroelectric power to the national network, which is sufficient to meet The power requirements of the Phase 3 concentraterator, the smelter the smelter, as Well as provide spare capacity for the D RC grid and future expansions.

Through a power purchase agreement With SNEL, Kamoa- Kakula is supplied with the hydroelectric power generate from both refurbished hydro electric facilities. such statements include, without limitation:(i) statements that significant reduction In combined Scope 1, 2 and3 GHG emissions intensity after the completion of the Kamoa-KAKula copper smelter, copper will be transported to port in the form of 99.7% pure copper anodes. Certainties include: (i) the adequacy of infrastructure; (ii) geological characteristics; (iii) metallurgical characteristics of the mineralization; (iv) the ability to develop adequate processing capacity; (v) the price of copper; (vi) the availability of equipment and facilities necessary to complete development; (vii) the cost of consumables and mining and processing equipment; (viii) unforeseen technological and engineering problems; (ix) accidents or acts of entrepreneurship or terrorism; (x) currency fluctuations; (x) changes in regulations; (xii) the compliance by joint venture partners with joint venture partners with the Inga II hydroelectric facilities.