Ivanhoe Electric Progresses with Santa Cruz Copper Project

Development Update

Ivanhoe Electric Inc. has announced that they will be using the preliminary feasibility study to pursue long-term project financing for their Santa Cruz Copper Project in Arizona. The project has recently received general plan amendment approval from the City of Casa Grande and is preparing key permit applications for submission in the first half of 2025.

Metallurgical Results

The ongoing testwork at the Santa Cruz Copper Project has shown high copper recoveries and recoverable precious metals, indicating the potential for a successful mining operation in the future.

Infill Drilling

Recent infill drilling at the Santa Cruz Deposit has intersected high-grade copper mineralization, including an impressive 99 meters grading 2.39% copper. This bodes well for the project’s future production potential.

Executive Chairman Robert Friedland and President and CEO Taylor Melvin are pleased with the progress being made at the Santa Cruz Copper Project. Mr. Melvin stated, “We are encouraged by the ongoing progress at our Santa Cruz Copper Project.”

Impact on Individuals

Individuals may see potential job opportunities and economic growth in the Santa Cruz area as the project moves forward. The development of the Santa Cruz Copper Project could bring positive impacts to the local community.

Global Impact

The successful development of the Santa Cruz Copper Project could have broader implications for the global copper market. Increased copper production from this project could help meet global demand for the metal and potentially affect copper prices worldwide.

Conclusion

The progress being made at the Santa Cruz Copper Project is promising for Ivanhoe Electric Inc. and could have positive effects on both the local community and the global copper market. As the project continues to advance, it will be interesting to see how it impacts individuals and the world as a whole.