| Ivanhoe Mines Reports 71,266 Tonnes of Copper Produced by Kamoa-Kakula in Q3 2025; Recovery Efforts Advancing Well 
 Stage Two dewatering advancing on schedule; approximately 20% complete
 
 Start-up of Africa's largest copper smelter to commence in early November
 
 Kipushi produced a record 57,200 tonnes of zinc in Q3 2025, a quarterly increase of 37%
 
 First  platinum-palladium-nickel-gold-rhodium-copper production from Platreef  Phase 1 expected in Q4 2025; Phase 2 development underway
 
 Ivanhoe  Mines to issue Q2 2025 financial results after market close on October  29; host conference call for investors on October 30
 
 October 07, 2025 6:30 AM EDT | Source:  Ivanhoe Mines Ltd.
 
 Johannesburg,  South Africa--(Newsfile Corp. - October 7, 2025) - Ivanhoe Mines' (TSX:  IVN) (OTCQX: IVPAF) Executive Co-Chair Robert Friedland and President  and Chief Executive Officer Marna Cloete announced today the company's  third-quarter production results and an update on operational and  project activities.
 
 During the third quarter, Kamoa-Kakula's  Phase 1, 2, and 3 concentrators milled a total 3.46 million tonnes of  ore, producing 71,226 tonnes of copper. Copper production year to date  totaled 316,393 tonnes. Production guidance of 370,000 tonnes to 420,000  tonnes of copper in concentrate is maintained, with mining of  higher-grade areas on the western side of the Kakula Mine expected from  mid-November.
 
 Stage Two dewatering activities are over 20%  complete, with underground water levels on the eastern side of the  Kakula Mine having declined by over 20 metres since the beginning of  September. Stage Two dewatering is expected to be completed by the end  of November.
 
 Smelter start-up is scheduled to commence in early  November, as the installation of a 60 MW uninterruptible power supply  (UPS) unit nears completion. The UPS will safeguard the smelter complex  from potential power interruptions during the ramp-up period.
 
 Production  rates from Kipushi notably improved during the quarter following the  completion of the debottlenecking program in August. In the third  quarter, the Kipushi concentrator milled a record 168,862 tonnes of ore  at an average milled grade of 37.8%, producing a record 57,200 tonnes of  zinc in concentrate. The record quarterly production represented a 37%  increase compared to Q2 2025.
 
 Phase 1 operations at the Platreef  Mine are expected to commence shortly, with the first feed of ore into  the concentrator expected in the coming weeks. Project development work  on the Phase 2 expansion is already underway, with the appointment of  the engineering, procurement and construction management (EPCM)  contractor in the fourth quarter. First production from the Phase 2  concentrator is targeted for Q4 2027.
 
 Founder and Co-Chairman Robert Friedland commented:
 
 "Our  recovery efforts at the Kakula Mine are advancing well due to  exceptional execution from our operating teams under a decisive plan of  action put in place by our management team and joint-venture employees.  We are on track to restore Kamoa-Kakula towards its previous copper  production levels as we rehabilitate the existing workings and develop  new high-grade areas across this Tier-One ore body. Insights gathered  during the dewatering efforts will be combined with input from our  world-class team of independent experts to design an updated mine plan  that will chart Kamoa-Kakula's bright future as a leading producer in  the copper industry.
 
 "This quarter should mark a turning point in  operations, as we anticipate higher grades from Kakula's western side  from next month, with selective mining of the existing workings on the  eastern side of Kakula planned from Q1 2026. We're also on the cusp of  starting operations at Africa's largest and greenest, direct-to-blister  copper smelter, which is expected to drive lower cash costs as we  complete its ramp-up.
 
 "In addition, we're extremely excited for  imminent first production at the Platreef Mine, which is on schedule for  later this month. Given rising prices and interest in platinum-group  metals, we are bringing the world's next great precious metals complex  online at an exceptionally opportune moment. Platreef's major endowment  of nickel, copper, and gold makes it one of the lowest-cost and scalable  producers of platinum, palladium, nickel, gold, rhodium and copper on  our planet ... and we are already at work on a Phase 2 expansion that  will propel Platreef into a Top 10 producer globally."
 
 
  
 In  preparation for the heat-up of Kamoa-Kakula's state-of-the-art,  500,000-tonne-per-annum, direct-to-blister copper smelter, an operator  oversees a training exercise on the slag cleaning furnace blister  ladles.
 
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 Summary of quarterly production data from Kamoa-Kakula
 
 
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 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 |  | Phase 1 & 2 | 
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 |  | Ore tonnes milled (000's tonnes) | 2,215 | 2,329 | 2,211 | 1,991* | 1,838 |  | Feed grade of ore processed (% copper) | 4.86% | 5.08% | 5.01% | 4.12%* | 2.50% |  | Copper recovery (%) | 86.6% | 87.0% | 88.3% | 85.4%* | 81.3% |  | Copper in concentrate produced (tonnes) | 94,214 | 102,042 | 97,575 | 71,401* | 37,744 |  | 
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 |  | Phase 3 | 
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 |  | Ore tonnes milled (000's tonnes) | 1,050 | 1,326 | 1,512 | 1,631 | 1,618 |  | Feed grade of ore processed (% copper) | 2.64% | 2.82% | 2.76% | 2.92% | 2.44% |  | Copper recovery (%) | 79.9% | 85.1% | 85.1% | 85.5% | 84.2% |  | Copper in concentrate produced (tonnes) | 22,099 | 31,777 | 35,545 | 40,608 | 33,522 |  | 
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 |  | Combined Phase 1, 2, and 3 | 
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 |  | Ore tonnes milled (000's tonnes) | 3,266 | 3,655 | 3,723 | 3,622 | 3,456 |  | Feed grade of ore processed (% copper) | 4.14% | 4.26% | 4.10% | 3.58% | 2.47% |  | Copper recovery (%) | 85.3% | 86.6% | 87.4% | 85.4% | 82.7% |  | Copper in concentrate produced (tonnes) | 116,313 | 133,819 | 133,120 | 112,009 | 71,266 | 
 
 Data in red denotes a quarterly record
 *Phase  1 & 2 production was impacted in the second quarter by seismic  activity at the Kakula Mine as announced on May 20, 2025.
 
 Kakula head grades to improve in Q4 2025 as dewatering activities open up higher-grade mining areas
 
 During  the third quarter, the Phase 1, 2, and 3 concentrators milled 3.46  million tonnes of ore, producing 71,226 tonnes of copper. Total copper  production year to date is 316,393 tonnes.
 
 As announced on  June 11, 2025,  mining operations on the western side of the Kakula Mine restarted on  June 7, 2025. Since mid-June, the mining rate has increased to an  average rate of 350,000 tonnes per month (4.2 million tonnes on an  annualized basis). To assist with the increase in the mining rates from  the western side of the Kakula Mine, the cut-off grade has been lowered  to 1.5% copper (previously 2.0%).
 
 Mining on the western side of  the Kakula Mine has been focused on higher-elevation areas in the north  and southwest, where copper grades are lower than those of the  higher-grade centre, which is currently submerged. From mid-November,  mining crews plan to advance towards the centre of the western side of  the Kakula Mine, improving head grades to between 3.5% and 4.5%.
 
 The  Phase 1 and 2 concentrators will continue to process ore from the  western side of the Kakula Mine, as well as surface stockpiles, until Q1  2026, when the stockpiles are depleted. Thereafter, selective mining  will commence within the existing workings on the eastern side of the  Kakula Mine, which will augment rising production from higher-grade  areas on Kakula's western side to underpin improved underground mining  rates.
 
 The Phase 3 concentrator milled 1.62 million tonnes of ore  in the third quarter, producing 33,522 tonnes of copper. For a second  consecutive quarter, the Phase 3 concentrator averaged a milling rate  equivalent to 6.5 million tonnes annualized, which is 30% higher than  design capacity of 5.0 million tonnes per annum. The average quarterly  feed grade for the Phase 3 concentrator was 2.44% copper. The cut-off  grade was also lowered to 1.5% copper at the Kamoa Mine to achieve  higher mining rates, providing sufficient feed for the Phase 3  concentrator and supplementary feed for the Phase 1 and 2 concentrators.  For the foreseeable future, it is expected that the feed grade into the  Phase 3 concentrator will continue to average approximately 2.5%  copper.
 
 Stage Two dewatering of the Kakula Mine is advancing to plan at over 20% complete
 
 The  four Stage Two high-capacity submersible pumps were commissioned over  the course of two weeks between the end of August and mid-September. The  four pumps are operating at the total design rate of approximately  2,600 litres per second. Including the mobile Stage One pump stations  located underground, the total pumping rate at the Kakula Mine, has the  potential to pump up to 6,400 litres per second, or 550 megalitres per  day, subject to available underground access.
 
 Stage Two  dewatering of the Kakula Mine is over 20% complete and is expected to be  completed by the end of November 2025, at which point the underground  water level is anticipated to be near the bottom of the Stage Two  dewatering shafts.
 
 To date, approximately 13 kilometres of lateral  development has been rehabilitated. As the water level declines, the  mining crews are primarily focused on rehabilitating the access drives  required for repositioning the Stage One underground pumping  infrastructure, as well as the access towards the Stage Three pump  stations, which are currently submerged.
 
 Stage Three pumping will  complete the remaining dewatering below the water level accessible by  the Stage Two high-capacity submersible pumps, as shown in Figure 1. The  mining crews expect to start gaining access to the existing Stage Three  pumping infrastructure from November. Each pump station will be  refitted and recommissioned with new pump motors and associated  electrical infrastructure. Stage Three pumping is expected to be  complete in Q1 2026.
 
 
  
 Aerial  view looking south over the two adjacent sites where the four Stage Two  high-capacity, submersible pumps were installed, in pairs, at the  bottom of two existing 400-metre deep shafts.
 
 To view an enhanced version of this graphic, please visit:
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 Figure  1. A schematic of the projected decrease in underground water levels at  the Kakula Mine from the end of September (light blue) to the end of  November 2025 (dark blue). Dewatering of the entire Kakula mine is  expected to be completed in February 2026.
 
 To view an enhanced version of this graphic, please visit:
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 Water  pumped out from the Kakula Mine is fed into nearby settling ponds.  Stage Two dewatering of the Kakula Mine is expected to be complete at  the end of November 2025.
 
 To view an enhanced version of this graphic, please visit:
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 The  two sites where the Stage Two dewatering infrastructure is located.  Both sites were established, with all pumping infrastructure installed  and commissioned within just 6 weeks.
 
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 Mine  planning and scheduling is well advanced to support the ramp-up of  underground mining activities from both the Kakula and Kamoa mines, with  a medium-term target of returning the milling rate to 17 million tonnes  per year, and ultimately targeting annualized copper production of over  550,000 tonnes
 
 Copper production guidance for 2026 and 2027  will be released once sufficient physical inspection of the newly  dewatered areas of the Kakula Mine has been completed. The new  life-of-mine plan is expected to be released in Q1 2026.
 
 Smelter  start-up scheduled for early November; installation nearing completion  of 60-megawatt, battery-powered, uninterruptible power supply facility
 
 Heat-up  of Kamoa-Kakula's on-site, direct-to-blister copper smelter is expected  to commence in early November 2025. Kamoa-Kakula's management team  expects to prioritize the processing of all concentrates produced by the  Phase 1, 2, and 3 concentrators through the on-site smelter, with any  excess concentrate continuing to be toll-treated at the nearby Lualaba  Copper Smelter (LCS), in Kolwezi.
 
 The smelter start-up will  commence as the installation of the uninterruptible power supply (UPS)  facility nears completion later this month. The 60 MW UPS is designed to  provide up to 2 hours of instantaneous back-up power to the smelter,  protecting the operation from voltage fluctuations in the DRC grid. In  addition to the UPS, there is a further 60 MW of dedicated  diesel-powered, back-up generator capacity.
 
 There is sufficient  on-site copper concentrate inventory for the smelter start-up in early  November. As of September 30, 2025, Kamoa-Kakula's unsold copper in  concentrate inventory totaled 59,000 tonnes, which includes 7,300 tonnes  located at LCS. The first feed of concentrate into the smelter is  expected approximately four to six weeks after heat-up commences.
 
 
  
 Members  of the smelter team are inspecting the sulphuric acid plant ahead of  the furnace heat-up. The smelter is expected to produce up to 700,000  tonnes per annum of high-strength sulphuric acid, which is in high  demand across the Central African Copperbelt.
 
 To view an enhanced version of this graphic, please visit:
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 Kipushi  concentrator produced record 52,700 tonnes of zinc in Q3 2025,  following completion of the debottlenecking program, which was delivered  under budget and ahead of schedule
 
 Summary of quarterly production data from Kipushi
 
 
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 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 |  | Kipushi Concentrator | 
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 |  | Ore tonnes milled (tonnes) | 108,065 | 119,619 | 151,403 | 153,342 | 168,862 |  | Feed grade of ore processed (% zinc) | 32.12 | 31.72 | 32.16 | 33.37 | 37.81 |  | Zinc recovery (%) | 75.78 | 85.07 | 87.93 | 85.22 | 89.36 |  | Zinc in concentrate produced (tonnes) | 18,946 | 32,490 | 42,736 | 41,788 | 52,700 | 
 
 Data in red denotes a quarterly record
 
 Zinc  production from the Kipushi concentrator notably improved during the  second half of the third quarter, with multiple records achieved. The  improvement in production rates was attributed to the completion of the  debottlenecking program, as well as upgrades to the dense media  separation (DMS) upstream of the concentrator. Both workstreams were  completed in August.
 
 Engineering work on the debottlenecking  program commenced in September 2024 to boost the concentrator throughput  rate by 20% from 800,000 to 960,000 tonnes of ore per annum. The  debottlenecking program was completed in early August, both ahead of  schedule and under budget. A seven-day planned shutdown of the  concentrator to commission the newly installed debottlenecking equipment  and upgrades to the DMS circuit was completed in mid-August.
 
 Multiple  concentrator records have since been achieved in the latter half of the  third quarter. A record 6,064 tonnes of zinc in concentrate were  produced over 7 days in late August, equivalent to an annual production  rate of over 315,000 tonnes of zinc, after accounting for availability.  Sustaining this production rate would make the Kipushi Mine the world's  fourth-largest zinc mining operation.
 
 Despite the improved  production rates, operations continue to be impacted by grid  instability. An additional six megawatts of back-up generator capacity  is in the process of being installed and will be commissioned in the  coming weeks. The new generators will increase the total onsite back-up  power to 20 megawatts, sufficient to maintain operational continuity  during periods of grid instability.
 
 In addition to delivering the  debottlenecking program ahead of schedule and under budget, the Kipushi  project team has done so with an industry-leading safety record.  Throughout construction of the Kipushi concentrator, which started in  September 2022 and was completed in June 2024, as well as the recently  completed debottlenecking program, the project team at Kipushi did not  record a single lost time injury (LTI). This is an outstanding and  incredibly rare industry achievement.
 
 Total year-to-date  production from the Kipushi concentrator is 137,224 tonnes of zinc in  concentrate. Following improved production rates from the recently  completed debottlenecking program, Kipushi's 2025 production guidance  remains unchanged at between 180,000 and 240,000 tonnes of zinc.
 
 
  
 Temwani  Nyirenda, Kingki Mining Technician, is conducting scheduled maintenance  on an Epiroc Scooptram at the underground workshop in Kipushi.
 
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 First production from Platreef Mine's Phase 1 concentrator is expected in the coming weeks
 
 The  Ivanplats project team is almost operationally ready for the first feed  of ore into the Platreef Mine's Phase 1 concentrator, which was  completed on schedule in June 2024, and has been kept under a regular  care and maintenance program. The first feed of  platinum-palladium-nickel-gold-rhodium-copper ore into the Phase 1  concentrator is expected by the end of October.
 
 As announced on  May 8, 2025,  underground development of the thick, high-grade Flatreef  platinum-palladium-nickel-gold-rhodium-copper orebody, on the 850-metre  level commenced on April 30, 2025. Since then, a total of 165 metres of  reef development in ore has been completed, and of the total 17,125  tonnes of ore blasted, 10,215 tonnes of ore have been hoisted to  surface. Reef development on the 750-metre level has also recently  commenced. Development ore continues to be hoisted to surface via Shaft  #1 and stored in surface stockpiles. The development ore stockpiles will  feed the 0.8 Mtpa Phase 1 concentrator during the initial stages of  ramp-up.
 
 Equipping of Shaft #3 continues to progress well and is  on schedule for completion in Q1 2026. Long hole stoping (production  mining) is expected to commence in Q2 2026, once Shaft #3 is  commissioned and is ready to hoist.
 
 The underground delineation  drilling program, which commenced last year ahead of developing the  first long hole ore blocks, has progressed very well with a total of  16,110 meters drilled to date. All assays reconcile well with Ivanplats'  geological models and mine plan.
 
 Recruitment continues ahead of  the ramp-up of Phase 1, with a total Ivanplats workforce now at over  2,200 employees and contractors, including more than 70% locally-based  and 26% female. The workforce will continue to grow as the project team  has recently started development work on Phase 2.
 
 Project development on Phase 2 expansion underway, targeting completion in Q4 2027
 
 The  Ivanplats project engineering team has already commenced work on the  development of Phase 2, with the concentrator expansion targeted for  completion in Q4 2027. The EPCM contractor for the  3.3-million-tonne-per-annum Phase 2 concentrator is also expected to be  appointed in Q4 2025, with earthworks on the site adjacent to the Phase 1  concentrator scheduled to commence shortly thereafter.
 
 In  addition, Shaft #2's concrete headgear is now completed, and the  expansion of the shaft to a diameter of 10 metres will commence  following the appointment of the contractor in Q1 2026. Raise boring of  Shaft #2 to its initial diameter of 3.1 metres was completed in Q4 2024.
 
 
  
 Aerial  view of the Platreef Mine site, with Shafts #1, #2 and #3 (centre), the  run of mine surface stockpiles (top left) and the dry stack tailings  facility (top right).
 
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 The  Platreef Mine's 0.8 Mtpa Phase 1 concentrator in the foreground with  the mine site central infrastructure and shaft headframes in the  background. The 3.3 Mtpa Phase 2 concentrator will be positioned  alongside the Phase 1 concentrator
 
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 Ivanhoe  Mines to issue Q3 2025 financial results after market close on October  29, and host conference call for investors on October 30, 2025
 
 Ivanhoe  Mines will report its Q3 2025 financial results and a detailed update  on its operations after market close on Wednesday, October 29, 2025.
 
 The  company plans to hold an investor conference call to discuss the second  quarter financial results the following day on Thursday, October 30,  2025. Details of the call will be shared closer to the date.
 
 An  audio webcast recording of the conference call, together with supporting  presentation slides, will be available on Ivanhoe Mines' website at  www.ivanhoemines.com.
 
 After issuance, the Financial Statements and Management's Discussion and Analysis will be available at  www.ivanhoemines.com and  www.sedarplus.ca.
 
 Qualified Persons
 
 Disclosures  of a scientific or technical nature at the Kamoa-Kakula Copper Complex,  the Platreef Mine and the Kipushi Mine in this news release, have been  reviewed and approved by Steve Amos, who is considered, by virtue of his  education, experience, and professional association, a Qualified Person  under the terms of NI 43-101. Mr. Amos is not considered independent  under NI 43-101 as he is Ivanhoe Mines' Executive Vice President,  Projects. Mr. Amos has verified such technical data disclosed in this  news release.
 
 Ivanhoe has prepared an independent, NI  43-101-compliant technical report for the Kamoa-Kakula Copper Complex,  the Platreef Mine, and the Kipushi Mine, each of which is available on  the company's website and under the company's SEDAR+ profile at  www.sedarplus.ca
 
 
 The technical reports  include relevant information regarding the assumptions, parameters, and  methods of the mineral resource estimates on the Kamoa-Kakula Copper  Complex, the Kipushi Mine and the Platreef Mine cited in this news  release, as well as information regarding data verification, exploration  procedures and other matters relevant to the scientific and technical  disclosure contained in this news release.Kamoa-Kakula  Integrated Development Plan 2023 Technical Report dated March 6, 2023,  prepared by OreWin Pty Ltd., China Nerin Engineering Co. Ltd., DRA  Global, Epoch Resources, Golder Associates Africa, Metso Outotec Oyj,  Paterson and Cooke, SRK Consulting Ltd., and The MSA Group. The  Kipushi 2022 Feasibility Study, dated February 14, 2022, prepared by  OreWin Pty Ltd., MSA Group (Pty) Ltd., SRK Consulting (South Africa)  (Pty) Ltd, and METC Engineering.The Platreef Integrated  Development Plan 2025, dated February 15, 2025, prepared by OreWin Pty  Ltd., Mine Technical Services, SRK Consulting Inc., DRA Projects (Pty)  Ltd, and Golder Associates Africa.
 
 About Ivanhoe Mines
 
 Ivanhoe  Mines is a Canadian mining company focused on advancing its three  principal projects in Southern Africa: the expansion of the Kamoa-Kakula  Copper Complex in the DRC, the ramp-up of the ultra-high-grade Kipushi  zinc-copper-germanium-silver mine, also in the DRC; and the phased  development of the tier-one Platreef  platinum-palladium-nickel-gold-rhodium-copper mine in South Africa.
 
 Ivanhoe  Mines is also exploring its highly prospective, 54-100% owned  exploration licences in the Western Forelands, covering an area over  five times larger than the adjacent Kamoa-Kakula Copper Complex. Ivanhoe  is exploring for new sedimentary copper discoveries, as well as  expanding and further defining its high-grade Makoko, Kiala, and Kitoko  copper discoveries as the company's next major development projects.
 
 Follow Robert Friedland ( @robert_ivanhoe) and Ivanhoe Mines ( @IvanhoeMines_) on X.
 
 Information contact
 
 Investors
 
 Vancouver: Matthew Keevil +1.604.558.1034
 
 London: Tommy Horton +44 7866 913 207
 
 Media
 
 Tanya Todd +1.604.331.9834
 
 Forward-looking statements
 
 Certain  statements in this release constitute "forward-looking statements" or  "forward-looking information" within the meaning of applicable  securities laws. Such statements and information involve known and  unknown risks, uncertainties, and other factors that may cause the  actual results, performance, or achievements of the company, its  projects, or industry results, to be materially different from any  future results, performance, or achievements expressed or implied by  such forward-looking statements or information. Such statements can be  identified using words such as "may", "would", "could", "will",  "intend", "expect", "believe", "plan", "anticipate", "estimate",  "scheduled", "forecast", "predict" and other similar terminology, or  state that certain actions, events, or results "may", "could", "would",  "might" or "will" be taken, occur or be achieved. These statements  reflect the company's current expectations regarding future events,  performance, and results and speak only as of the date of this release.
 
 Such  statements include, without limitation: (i) statements that start-up of  Africa's largest direct-to-blister copper smelter is expected in early  November and that the smelter is expected to drive lower cash costs as  ramp-up is completed; (ii) statements that Platreef is on track for  first feed of ore by end of October and that first  platinum-palladium-nickel-gold-rhodium-copper production expected in Q4  2025; (iii) statements that Stage 2 dewatering at Kakula Mine is  expected to be completed by the end of November and that dewatering of  the entire Kakula mine is expected to be completed in February 2026;  (iv) statements that Phase 1 operations at the Platreef Mine are  anticipated to commence shortly, with the first feed of ore into the  concentrator expected in the coming weeks and that first production from  Phase 2 is targeted for Q4 2027; (v) statements that head grades at  Kakula are expected to improve to between 3.5% and 4.5% in Q4 2025; (vi)  statements that the Phase 1 and 2 concentrators will continue to  process ore from the western side of the Kakula Mine, as well as surface  stockpiles, until Q1 2026, when the stockpiles are depleted and that  thereafter, selective mining will commence within the existing workings  on the eastern side of the Kakula Mine, which will augment rising  production from higher-grade areas on Kakula's western side to underpin  improved underground mining rates; (vii) statements that for the  foreseeable future feed grade into the Phase 3 concentrator will  continue to average approximately 2.5% copper; (viii) statements that  mining crews at Kakula expect to start gaining access to the existing  Stage Three pumping infrastructure from November, that each pump station  will be refitted and recommissioned with new pump motors and associated  electrical infrastructure and that Stage Three pumping is expected to  be complete in Q1 2026; (ix) statements that copper production guidance  for 2026 and 2027 will be released once sufficient physical inspection  of the newly dewatered areas of the Kakula Mine has been completed and  that the new life-of-mine plan is expected to be released in Q1 2026;  (x) statements that the first feed of concentrate into the smelter is  expected approximately four to six weeks after heat-up commences; (xi)  statements that the smelter is expected to produce up to 700,000 tonnes  per annum of high-strength sulphuric acid, which is in high demand  across the Central African Copperbelt; and, (xii) statements that long  hole stoping (production mining) at Platreef is expected to commence in  Q2 2026, once Shaft #3 is commissioned and is ready to hoist.
 
 Forward-looking  statements and information involve significant risks and uncertainties,  should not be read as guarantees of future performance or results, and  will not necessarily be accurate indicators of whether such results will  be achieved. Many factors could cause actual results to differ  materially from the results discussed in the forward-looking statements  or information, including, but not limited to: (i) uncertainty around  the rate of water ingress into underground workings at Kakula; (ii) the  ability, and speed with which, additional equipment can be secured for  Stage Two of the Kakula dewatering; (iii) the continuation of seismic  activity at Kakula; (iv) the state of underground infrastructure at  Kakula; (v) uncertainty around when future underground access can be  secured at Kakula; (vi) the fact that future mine stability at Kakula  cannot be guaranteed; (vii) the fact that future mining methods may  differ and impact on Kakula operations; and (viii) the ultimate  conclusion of the assessment of the cause of the seismic activity at  Kakula and the impact of same on the mining plan at the Kamoa Kakula  Copper Complex. Additional factors also include those discussed above  and under the "Risk Factors" section in the company's MD&A for the  three and six months ended June 30, 2025, and its current annual  information form, and elsewhere in this news release, as well as  unexpected changes in laws, rules or regulations, or their enforcement  by applicable authorities; changes in the rate of water ingress into  underground workings; the continuation of seismic activity; the state of  underground infrastructure; delays in securing underground access;  changes to the mining methods required in the future; the failure of  parties to contracts with the company to perform as agreed; social or  labour unrest; changes in commodity prices; and the failure of  exploration programs or studies to deliver anticipated results or  results that would justify and support continued exploration, studies,  development or operations.
 
 Although the forward-looking statements  contained in this news release are based upon what management of the  company believes are reasonable assumptions, the company cannot assure  investors that actual results will be consistent with these  forward-looking statements. These forward-looking statements are made as  of the date of this news release and are expressly qualified in their  entirety by this cautionary statement. Subject to applicable securities  laws, the company does not assume any obligation to update or revise the  forward-looking statements contained herein to reflect events or  circumstances occurring after the date of this news release.
 
 The  company's actual results could differ materially from those anticipated  in these forward-looking statements as a result of the factors outlined  in the "Risk Factors" section in the company's MD&A for the three  and six months ended June 30, 2025, and its current annual information  form.
 
 
  SOURCE:  Ivanhoe Mines Ltd. |