Ivanhoe Australia announces a significant upgrade to the Mineral Resource estimate for the Kulthor underground mine. The contained metal content of the Measured and Indicated Mineral Resource has increased by over 60% for both copper and gold. The Kulthor deposit is currently being mined as part of the Osborne copper-gold operation, located on the [...]
Ivanhoe Australia announced to the ASX on 23 August 2012 the sale of some of its shares in Exco Resources to Washington H. Soul Pattinson & Company for a consideration of $4.61m ($0.19 per share). In a release to the ASX on 28 August 2012, Exco made two statements regarding this sale that Ivanhoe would like to correct. Ivanhoe did engage with Exco [...]
Ivanhoe Australia, announces today that it has sold 24,265,770 shares in Exco Resources to Washington H. Soul Pattinson & Company Limited for cash consideration of approximately $4.61 million ($0.19 per share). Ivanhoe Australia has also advised WHSP that it intends to accept WHSP's offer for all of the issued capital of Exco in respect of the [...]
Ivanhoe Australia today released the completion of the strategic & business review announced in May 2012. The purpose of the review has been to identify immediate steps to realise shareholder value and position the company for sustainable growth. Commenting on the review today, Ivanhoe Australia Managing Director, Inés Scotland, said, "The review [...]
Ivanhoe Australia today announced that its majority shareholder, Ivanhoe Mines Limited, will support Ivanhoe Australia by providing a secured, twelve-month working capital facility to the Company of up to US$50 million. "This line of credit will provide additional funding for working capital as our strategic review process continues," CEO Inés [...]
Ivanhoe Australia today announced that it is finalising the initial phase of the strategic and operational review announced in May. The review comprises two phases and is focused on identifying and implementing the actions required to position the business for future growth and improve shareholder value. The first phase of the review has identified [...]
Ivanhoe Australia, is pleased to announce the first shipment of copper-gold concentrate from the Osborne Copper-Gold Project in north-western Queensland. The 10,600 wet metric tonne shipment of concentrate has been loaded and is expected to leave Townsville on 15 June 2012. The shipment of concentrate to an Asian smelter contains copper valued at [...]
The Board of Ivanhoe Australia has announced that Chief Executive Officer, Peter Reeve, has resigned from the position of CEO. Inés Scotland, currently a non-executive Director of the company, will assume the role of Managing Director and Chief Executive Officer, pending the appointment of a permanent successor.
Ivanhoe Australia today announces changes to Ivanhoe Australia's board composition with the appointment of four new non-executive directors. The four new directors, Peter McMahon, Stephen McIntosh, Stewart Beckman and Neville Henwood are nominees of Ivanhoe Mines, Ivanhoe Australia's majority shareholder. Peter McMahon has been appointed Chairman [...]
Ivanhoe Australia is pleased to announce continuing significant drill results at its Kulthor deposit, a key source of mill feed for the Osborne Copper-Gold Project on its Cloncurry tenements in north-western Queensland. Since late 2011, Ivanhoe Australia has been conducting three separate drilling campaigns at Kulthor. The first campaign consists [...]
Ivanhoe Australia, following a statement made last night by its majority shareholder, Ivanhoe Mines Limited, announces changes to Ivanhoe Australia's Board composition and reiterates the Company's strategic direction. Ivanhoe Mines announced today that it had secured a substantial financing package from Rio Tinto Limited to continue development of [...]
Robert Friedland and Peter Reeve of Ivanhoe Australia, are pleased to announce the completion of the scoping study for the Mount Elliott Copper-Gold Project in northwestern Queensland. Mount Elliott is recognised as one of the largest copper-gold mineralised systems ever discovered in Australia and has the potential to provide Ivanhoe Australia [...]
