The company said the Kitoko discovery confirms the presence of a “globally significant” high-grade copper mineralizing system. ( Kitco News) - Copper producer Ivanhoe Mines (TSX: IVN) announced today that the company is quadrupling its 2024 exploration budget to $90 million, with exploration activities focused on the Western Foreland in the Democratic Republic of the Congo (DRC).Īccording to Ivanhoe, the budget increase follows recent announcements of the high-grade Kitoko copper discovery, as well as the maiden mineral resource estimates for the Makoko and Kiala high-grade copper discoveries in the Western Forelands. Receive a comprehensive recap of the day's top stories directly to your inbox. Get all the essential market news and expert opinions in one place with our daily newsletter.
