Dual-listed Ivanhoe Mines’ South African subsidiary, Ivanplats, has successfully completed the sinking of Shaft 1 at its palladium, platinum, nickel, copper, gold and rhodium Platreef mining licence to a final depth of 996 m below surface.
The Platreef project, which contains the thick, high-grade, flat-lying underground Flatreef deposit, is a tier one discovery.
Underground mine development work will now focus on the construction of the 966 m level station at the bottom of the shaft, with final completion expected by the end of July, well ahead of the contractual schedule.