KOLWEZI, DEMOCRATIC REPUBLIC OF CONGO – Ivanhoe Mines (TSX: IVN; OTCQX: IVPAF) Co-Chairs Robert Friedland and Yufeng “Miles” Sun are pleased to announce that underground development at the Kamoa-Kakula Copper Project in the Democratic Republic of Congo (DRC) produced a combined 250,000 tonnes of ore grading 4.85% copper in November from the Kakula and Kansoko mines. The tonnage was 29% higher than achieved in October, while the monthly copper grade increased from 4.01% to 4.85%.

The project’s pre-production surface stockpiles now contain approximately 1.25 million tonnes of high-grade and medium-grade ore at an estimated grade of 3.75% copper. Contained copper in the stockpiles increased by approximately 12,100 tonnes in November – a 55% increase over October’s production – to a cumulative total of more than 46,700 tonnes (the current copper price is approximately US$7,670 a tonne). The project is on track to have approximately three million tonnes of high-grade and medium-grade ore stockpiled on surface, containing more than 125,000 tonnes of copper, prior to the planned start of production in July 2021.

Mr. Friedland and Mr. Sun also noted that underground mine development totalled 2,163 metres in November – only 10 metres shy of establishing another new monthly record. A key milestone was achieved in early November with the joining of Kakula’s main northern and southern access tunnels, establishing access to begin mining Kakula’s high-grade ore in the centre of the orebody grading approximately +8% copper (see figures 1, 2 and 3). The holing event was advanced only from one end for the last few days as a standard safety precaution, which had a minor effect on the metres achieved.

The holing has allowed Kakula’s mining crews to enlarge the development drifts in the centre of the deposit to 7-metres wide by 7-metres high (approximately 23-feet wide by 23-feet high) to take advantage of the excellent copper grades across a thick ore zone – providing a substantial increase in tonnes per metre of development.

November’s development brings total underground development to more than 26.8 kilometres – approximately 9.0 kilometres ahead of schedule. The monthly total of 2,163 metres of underground development in November was comprised of 1,840 metres at the Kakula Mine and 323 metres at the Kansoko Mine, which is located at the Kamoa Deposit – approximately 10 kilometres north of the Kakula Mine.

Mark Farren, Kamoa Copper’s CEO, commented: “November was a great month for mine development. Not only did we join the Kakula’s main access tunnels that now provides a transportation and ventilation connection between the northern and southern declines – a distance of approximately four kilometres, we also achieved record ore production at significantly better copper grades. We expect this production trend to continue as additional mining crews begin working in the centre of the high-grade Kakula orebody. We also saw a sharp increase in copper grades at the Kansoko Mine in November, resulting from ongoing exposure of a rapidly thickening layer of copper-rich siltstone.”

“This month we expect to achieve three key construction milestones – energizing the newly installed 220-kilovolt power line feeding Kamoa-Kakula with hydro-generated electricity from the national grid; synchronization of the first of six turbines at the refurbished Mwadingusha hydropower plant onto the national grid; and commissioning the main surface rock-handling, by-pass conveyor system that will enable the delivery of ore from the Kakula Mine directly to the concentrator plant stockpiles,” Mr. Farren added.

Underground mining crews at Kakula are focused on developing the high grade, drift-and-fill mining blocks in the centre of the orebody. Opening up of the mining footprint for these high grade, drift-and-fill mining areas entails, by necessity, development work in areas of low-, medium- and high-grade ore, and is designed to coincide with the start-up of the processing plant next year. This will allow crews to deliver significant tonnage of high-grade ore directly from Kakula’s underground workings to the processing plant.

While most of the underground development at the Kansoko Mine is in medium-grade ore, in late November mining crews entered the deposit’s initial high-grade ore zone, with 2,100 tonnes of high-grade ore grading 6.66% copper mined by month’s end. Kansoko’s combined medium-grade and high-grade ore mined in November was approximately 33,000 tonnes at an average grade of 3.87% copper. Ongoing exposure of a rapidly thickening siltstone is the reason for a sharp increase in copper grades at Kansoko in November. Siltstone is a rock type with a strong influence on copper mineralization at Kamoa-Kakula.

Kansoko is being developed by training crews and will be a supplemental source of ore for Phase 2 of the project’s development when the Kakula concentrator processing capacity doubles to 7.6 million tonnes per annum (Mtpa) − currently planned to be commissioned in Q3 2022.

Phase 1 copper production from the Kakula Mine is scheduled to begin in July 2021. Kakula is projected to be the world’s highest-grade major copper mine, with an initial mining rate of 3.8 Mtpa at an estimated average feed grade of more than 6.0% copper over the first five years of operation. Phases 1 and 2 combined are forecast to produce approximately 400,000 tonnes of copper per year. Based on independent benchmarking, the project’s phased expansion scenario to 19 Mtpa would position Kamoa-Kakula as the world’s second largest copper mining complex, with peak annual copper production of more than 800,000 tonnes.

An independent audit of Kamoa-Kakula's greenhouse gas intensity metrics performed by Hatch Ltd., of Mississauga, Canada, confirmed that the project will be among the world's lowest greenhouse gas emitters per unit of copper produced.

Watch a short, fly-over video showcasing the ongoing construction of the Kakula Mine and Phase 1, 3.8 Mtpa concentrator plant: https://vimeo.com/485580022/276d6411df

Left to right:Magloire Kashiba, Production Manager; Jan Strydom, Managerial Leader: Operations; Marna Cloete, Ivanhoe Mines President and CFO; and Pontien Kalala – Section Manager, celebrate the joining of Kakula’s main access tunnels in early November that now provides a transportation and ventilation connection between the northern and southern declines.

In November, the Kamoa-Kakula’s surface construction team achieved five million hours worked without incurring a lost time accident.

Drilling the face of a 7-metre-wide by 7-metre-high development drift in the high-grade centre of the Kakula Deposit.

November’s ore production 29% higher than October, with monthly copper grade increasing from 4.01% to 4.85%; pre-production surface ore stockpiles now total approximately 1.25 million tonnes grading 3.75% copper

In November, mining crews at the Kakula and Kansoko mines mined and transported to surface approximately 250,000 tonnes of ore grading 4.85% copper. This brings the project’s total pre-production high- and medium-grade ore stockpiles to approximately 1.25 million tonnes at an estimated grade of 3.75% copper. An additional 622,000 tonnes of low-grade development ore also has been stockpiled on surface.

November’s ore production is approximately 29% higher than the 194,000 tonnes grading 3.47% copper mined in October, and approximately 89% higher than the 132,000 tonnes grading 3.31% mined in September. The project is well positioned for continued acceleration in the tonnage, as well as an increase in the grade, of ore added to the surface stockpiles as more mining crews commence mining in the higher-grade areas of the Kakula and Kansoko mines.

Chart 1: Cumulative tonnes and grade of pre-production ore stockpiles at the Kakula and Kansoko mines from May 2020 to November 2020.

Chart 2: Growth in contained copper in pre-production ore stockpiles at the Kakula and Kansoko mines from May 2020 to November 2020.

Chart 3: Projected growth in contained copper in the pre-production stockpiles at the Kakula and Kansoko mines up to the planned start of Phase 1 production in July 2021. Dotted line are projections based on the 2020 pre-feasibility study.

The ore being mined from the northern portion of the Kakula Mine is transported to surface via the conveyor system and placed on a blended surface stockpile that now contains approximately 763,000 tonnes grading an estimated 3.93% copper.

Additional, pre-production ore stockpiles are located at the Kakula southern decline (approximately 107,000 tonnes of high-grade ore grading 6.11% copper and 224,000 tonnes of medium-grade ore grading 2.64% copper) and the Kansoko decline (approximately 2,100 tonnes of high-grade ore grading 6.66% copper and 151,000 tonnes of medium-grade ore grading 2.82% copper).

Kakula’s main pre-production stockpiles at the northern declines. The blended stockpiles currently contain approximately 763,000 tonnes grading 3.93% copper.

Kakula southern decline ore stockpiles containing approximately 107,000 tonnes of high-grade ore grading 6.11% copper, and 224,000 tonnes of medium-grade ore grading 2.64% copper.

Kansoko decline ore stockpiles containing 153,000 tonnes grading 2.82% copper, including the initial 2,100 tonnes of high-grade ore grading 6.66% copper.

Figure 1: The overall 13.3-kilometre-long Kakula Deposit overlain on southern Manhattan Island to provide a sense of the scale of the deposit.

Figure 2: The overall 13.3-kilometre-long Kakula Deposit overlain on Paris to provide a sense of the scale of the deposit and underground operations.

Figure 3: Underground development completed at Kakula Mine to November 27, 2020 (in black).

Construction of the initial 3.8-Mtpa concentrator plant and other surface infrastructure rapidly progressing; earthworks and civil works started, and EPCM contract awarded for the second 3.8-Mtpa concentrator plant

Overall progress of Kamoa-Kakula’s first-phase, 3.8 Mtpa mining and milling operation (covering mine infrastructure, concentrator plant and surface infrastructure) now is approximately 63% complete, up from 58% last month. Overall construction of the project’s first-phase 3.8 Mtpa concentrator plant and associated facilities is advancing rapidly and is approximately 35% complete, up from 28% last month. The concentrator plant is expected to be mechanically complete in Q2 2021, with first copper concentrate production scheduled for July 2021.

Civil works for the initial concentrator plant are more than 90% complete, with approximately 28,000 cubic metres of concrete poured to date. All major construction areas have handed over to the steel, mechanical, piping and platework (SMPP) contractor.

More than 2,000 truckloads of equipment have been delivered to site, including the final major pieces of equipment − two 80-MVA/220-kilovolt (kV) electrical transformers. The transformers have been placed into position at the main Kakula substation and construction of the project’s various electrical substations is progressing well.

All structural steel has been delivered to site, as well as the bulk of the platework and piping. Piping installation has started, as has electrical installation of cable racks and cable installation.

Over 3,000 tonnes of steel (of a total of 5,700 tonnes) has been installed. SMPP erection and installation has commenced in all areas of the concentrator plant and is well advanced. Electrical installation is underway in the milling, flotation and thickener areas.

A recent focus area was to install roof sheeting on the reagent storage building and the concentrate storage building to allow on-site fabrication work to continue during periods of rain.

Steel erection for Kakula’s first phase, backfill paste plant is well advanced with the bulk of the outer structure complete including the installation of the gantry crane, the installation of the two 2000t cement silos is underway. Structural steel erection is scheduled to be completed in early 2021.

The backfill plant will be used to mix tailings from the processing plant with cement to produce paste backfill. The backfill will be pumped back into the mine and used to help support mined-out areas. Approximately one half of the mine’s tailings will be sent back underground, significantly reducing the surface tailings storage.

Construction of the tailings dam is progressing well and is scheduled to be completed well ahead of the required date. Installation of the three tailings lines and the tailings return water line is nearing completion.

The long-lead items for the second 3.8-Mtpa concentrator plant have been ordered and the Phase 2 of the project’s development is underway. Contracts have placed for the earthworks, and civil works and bush clearing has started. The Engineering, Procurement and Construction Management (EPCM) contract also has been signed with ENFI Engineering Corporation, of Beijing, China.

Mark Farren, Kamoa Copper’s CEO (left), and Huang Yingsheng, ENFI’s Director of International Business (right), sign the ECPM contract for Kamoa-Kakula’s Phase 2 concentrator.

A 3D, overhead illustration of the finished the Phase 1, 3.8 Mtpa concentrator plant. The picture immediately below shows the current construction progress (approximately 41% complete).

A 3D illustration of the finished ball mills area for the Phase 1, 3.8 Mtpa concentrator, with the next two ball mills for the recently-initiated Phase 2 concentrator plant shown in magenta. The picture immediately below shows the current construction progress (approximately 59% complete).

A 3D illustration of Kakula’s initial 3.8 Mtpa concentrator plant, with the recently-initiated Phase 2 3.8-Mtpa processing plant shown in magenta. The picture immediately below shows the currentconstruction progress (approximately 48% complete).

A 3D illustration of the initial high-pressure-grinding-rolls (HPGR) stockpile, with the recently-initiated second HPGR stockpile shown in magenta. The picture immediately below shows the currentconstruction progress (approximately 70% complete).

A 3D illustration of the tailings thickener (larger one in green) and concentrate thickener (smaller one in green), with the concentrate bagging plant shown in the background and the Phase 2 thickeners shown in magenta. The picture immediately below shows the currentconstruction progress (approximately 73% complete).

A 3D illustration of the reagent storage building, area, bagging plant and concentrate storage building, with Phase 2 shown in magenta. The picture immediately below shows the currentconstruction progress (approximately 30% complete).

Construction of the regrind mills at the concentrator plant is progressing rapidly.

Workers putting the finishing touches to the screening plant and surface ore conveyor system.

Ongoing construction of the concentrate bagging plant.

Workers installing a section for the two, 2,000-tonne silos at the backfill plant.

Watch a short, time-lapse video of the construction of the backfill plant’s 2,000-tonne silos:https://vimeo.com/485583080/a80283b88f

A 3D illustration of Kakula’s first phase, finished backfill plant, with the current construction (approximately 40% complete) and the initial 3.8 Mtpa concentrator plant in the background shown immediately below. The backfill plant will blend tailings from the concentrator with cement to produce paste backfill that will pumped back into the mine and used to help support mined-out areas. Approximately one half of the mine’s tailings will be sent back underground.

Watch a short, fly-over video of the construction of the backfill plant: https://vimeo.com/485579247/bc8297d722

A 3D illustration of Kakula’s bulk reclaim tip system that will be used to feed ore from Kakula’s surface stockpiles (and ore from the Kansoko Mine when Phase 2 operations begin) to the processing circuit. The current construction isshown immediately below (approximately 54% complete).

A 3D illustration of Kakula’sby-pass stockpile feed conveyor system. The current construction isshown immediately below (approximately 62% complete).

Electrician Abel Muianga installing a high-voltage electrical control box at the backfill plant.

Advanced, detailed discussions underway for the marketing of Kakula’s copper concentrates

Kamoa-Kakula is in advanced, detailed discussions with a number of parties with respect to the sale of its copper concentrates. Kakula is expected to produce an extremely high grade and clean copper concentrate (containing over 55% copper) that will be highly coveted by copper smelters around the world. Metallurgical test work indicates that the Kakula concentrates contain extremely low arsenic levels by world standards – approximately 0.01%.

Kamoa-Kakula preparing to be connected to the national power grid, providing clean, renewable 220-kV hydropower; first of six turbines at the refurbished Mwadingusha hydropower plant to be synchronized onto the national grid in December

Later this month, Kamoa-Kakula is expected to tie in the 35-kilometre, 220-kilovolt (kV) power line connecting theWestern Dispatch substation in Kolwezi to Kamoa-Kakula, and supply the project with reliable and clean hydro-generated electricity from the national grid.

Watch a short, fly-over video of the construction of the Kakula main electrical substation: https://vimeo.com/485582554/2b5d9b4741

Ivanhoe Mines Energy DRC is pleased to announce that the first of three turbines to be fully assembled this year at Mwadingusha hydropower plant went into final commissioning tests on November 26. The synchronization of this turbine onto the national electrical grid is scheduled for December 10, paving the way for the commissioning, in sequence, of the plant’s remaining five generating units, ensuring that Kamoa-Kakula’s power requirements of are met ahead of the commissioning of the concentrator plant. The fully-refurbished hydropower plant is expected to deliver approximately 72 megawatts of power to the national grid.

New water-pressure relief valves installed at the Mwadingusha hydropower plant.

In November, Mwadingusha’s water intake channel was filled in preparation for the commissioning and synchronization of the first of six refurbished turbines onto the national electrical grid.

Kamoa-Kakula’s COVID-19 prevention initiatives focused on risk mitigation

Kamoa-Kakula’s prevention measures remain strictly enforced. Rigorous testing, physical distancing, wearing face masks, frequent hand washing and contact-tracing measures are still in place to protect the safety and health of the workforce and community members.

The project has established a COVID-19 isolation facility at the Kamoa camp. Potential symptomatic patients are moved to this facility, where they will be isolated, tested and treated. Once patients have recovered and are deemed no longer infectious, they can return to work only after an additional quarantine period determined by the project’s medical staff.

As the pandemic evolves, the medical team at Kamoa-Kakula continues to review and update its risk mitigation protocols. The project’s preventative measures are at the highest international standards and should there be a case internally, the risk of spreading or cross-contamination is considered to be very low.

The Kamoa-Kakula Copper Project is a joint venture between Ivanhoe Mines (39.6%), Zijin Mining Group (39.6%), Crystal River Global Limited (0.8%) and the DRC government (20%).

Electrician Simon Ndjamba Merve at Kakula’s new underground water-pumping station.

Olivier Kongo, one of the more than 6,300 employees and contractors building Kamoa-Kakula into the world’s next great copper mine.

Lunchtime at one of Kamoa-Kakula’s new dining facilities.

About Ivanhoe Mines

Ivanhoe Mines is a Canadian mining company focused on advancing its three principal joint-venture projects in Southern Africa: the development of major new, mechanized, underground mines at the Kamoa-Kakula copper discoveries in the DRC and at the Platreef palladium-platinum-nickel-copper-rhodium-gold discovery in South Africa; and the extensive redevelopment and upgrading of the historic Kipushi zinc-copper-germanium-silver mine, also in the DRC. Kamoa-Kakula is expected to begin producing copper in July 2021 and, through phased expansions, is positioned to become one of the world's largest copper producers. Kamoa-Kakula and Kipushi will be powered by clean, renewable hydro-generated electricity and will be among the world’s lowest greenhouse gas emitters per unit of metal produced. Ivanhoe also is exploring for new copper discoveries on its wholly-owned Western Foreland exploration licences in the DRC, near the Kamoa-Kakula Project.

Qualified Persons

Disclosures of a scientific or technical nature regarding development scenarios at the Kamoa-Kakula Project 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 the Head of the Kamoa Project. Mr. Amos has verified the technical data disclosed in this news release.

Other disclosures of a scientific or technical nature regarding the stockpiles in this news release have been reviewed and approved by George Gilchrist, who is considered, by virtue of his education, experience and professional association, a Qualified Person under the terms of NI 43-101. Mr. Gilchrist is not considered independent under NI 43-101 as he is the Vice President, Resources of Ivanhoe Mines. Mr. Gilchrist has verified the other technical data disclosed in this news release.

The stockpile grade estimates contained in this release are based upon bulk ore sampling from earlier underground headings, and vertical channel sample profiles from recent development. Bulk ore sampling was done on each heading every second blast and three 5-kilogram samples were taken. Since the beginning of October 2020, channel sample profiles are the primary data informing the stockpile grade estimates. These are cut approximately 15 metres apart in 1-metre vertical increments across the full vertical exposure using a handheld grinder, with a 100-to-150-gram sample collected. The samples are pulverized at the project’s onsite laboratory and analyzed using a portable XRF (pXRF) instrument. Kamoa Copper has routinely analyzed its exploration drill core for copper using pXRF, in addition to analysis at a commercial laboratory using four acid digest and ICP-OES. This data has demonstrated that pXRF results can be relied upon for grade control and run-of-mine sampling.

Ivanhoe has prepared an independent, NI 43-101-compliant technical report for the Kamoa-Kakula Project, which is available on the company’s website and under the company’s SEDAR profile at www.sedar.com:

  • Kamoa-Kakula Integrated Development Plan 2020 dated October 13, 2020, prepared by OreWin Pty Ltd., China Nerin Engineering Co., Ltd., DRA Global, Epoch Resources, Golder Associates Africa, KGHM Cuprum R&D Centre Ltd., Outotec Oyj, Paterson and Cooke, Stantec Consulting International LLC, SRK Consulting Inc., and Wood plc.

The technical report includes relevant information regarding the assumptions, parameters and methods of the mineral resource estimates on the Kamoa-Kakula Project 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.

Information contacts

Investors: Bill Trenaman +1.604.331.9834 / Media: Matthew Keevil +1.604.558.1034

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 by the use of 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, the timing and results of: (i) statements regarding the Kamoa-Kakula Project is on track to have approximately three million tonnes of high-grade and medium-grade ore stockpiled on surface, containing more than 125,000 tonnes of copper, prior to the planned start of production in July 2021; (ii) statements regarding the expectation that the increased production of higher-grade ore to continue as additional mining crews begin working in the centre of the high-grade Kakula orebody; (iii) statements regarding the expectation that the project will achieve three key construction milestones in December – energizing the newly installed 220-kilovolt power line feeding Kamoa-Kakula with hydro-generated electricity from the national grid; synchronization of the first of six turbines at the refurbished Mwadingusha hydropower plant onto the national grid; and commissioning the main surface rock-handling, by-pass conveyor system that will enable the delivery of ore from the Kakula Mine directly to the concentrator plant stockpiles; (iv) statements regarding the expectation that Phase 2 of the project’s development when the Kakula concentrator processing capacity doubles to 7.6 Mtpa is to be commissioned in Q3 2022; (v) statements regarding Kakula is projected to be the world’s highest-grade major copper mine, with an initial mining rate of 3.8 Mtpa at an estimated average feed grade of more than 6.0% copper over the first five years of operation; (vi) statements regarding Phases 1 and 2 combined are forecast to produce approximately 400,000 tonnes of copper per year; statements regarding based on independent benchmarking, the project’s phased expansion scenario to 19 Mtpa would position Kamoa-Kakula as the world’s second largest copper mining complex, with peak annual copper production of more than 800,000 tonnes; (vii) statements regarding Kamoa-Kakula will be among the world's lowest greenhouse gas emitters per unit of copper produced; (viii) statements regarding approximately one half of the mine’s tailings will be sent back underground; (ix) statements regarding Kakula is expected to produce an extremely high grade and clean copper concentrate (containing over 55% copper and extremely low arsenic levels by world standards – approximately 0.01%) that will be highly coveted by copper smelters around the world; and, (x) statements regarding the fully-refurbished Mwadingusha hydropower plant is expected to deliver approximately 72 megawatts of power to the national grid.

As well, all of the results of the Kakula definitive feasibility study, the Kakula-Kansoko pre-feasibility study and the Kamoa-Kakula preliminary economic assessment, constitute forward-looking statements or information, and include future estimates of internal rates of return, net present value, future production, estimates of cash cost, proposed mining plans and methods, mine life estimates, cash flow forecasts, metal recoveries, estimates of capital and operating costs and the size and timing of phased development of the projects. Furthermore, with respect to this specific forward-looking information concerning the development of the Kamoa-Kakula Project, the company has based its assumptions and analysis on certain factors that are inherently uncertain. Uncertainties include: (i) the adequacy of infrastructure; (ii) geological characteristics; (iii) metallurgical characteristics of the mineralization; (iv) the ability to develop adequate processing capacity; (v) the price of copper; (vi) the availability of equipment and facilities necessary to complete development; (vii) the cost of consumables and mining and processing equipment; (viii) unforeseen technological and engineering problems; (ix) accidents or acts of sabotage or terrorism; (x) currency fluctuations; (xi) changes in regulations; (xii) the compliance by joint venture partners with terms of agreements; (xiii) the availability and productivity of skilled labour; (xiv) the regulation of the mining industry by various governmental agencies; (xv) the ability to raise sufficient capital to develop such projects; (xiv) changes in project scope or design; and (xv) political factors.

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 or not such results will be achieved. A number of factors could cause actual results to differ materially from the results discussed in the forward-looking statements or information, including, but not limited to, the factors discussed below and under “Risk Factors”, and elsewhere in this release, as well as unexpected changes in laws, rules or regulations, or their enforcement by applicable authorities; 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.

lthough the forward-looking statements contained in this 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 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 release.

The company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of the factors set forth below in the “Risk Factors” section in the company’s Q3 2020 MD&A and its current annual information form.

刚果民主共和国科卢韦齐 — 艾芬豪矿业 (TSX: IVN; OTCQX:IVPAF) 联席董事长罗伯特·弗里兰德 (Robert Friedland) 与孙玉峰 (Miles Sun) 今天欣然宣布,其位于刚果民主共和国 (以下简称“刚果(金)”) 的卡莫阿-卡库拉铜矿项目的地下开发持续推进,11月份在卡库拉和卡索科矿山共采掘了250,000吨矿石,铜品位4.85%,矿石量相比10月份高出29%,月度铜品位从4.01%提升至4.85%。

项目的投产前地表堆场,目前已储备了约125万吨高品位和中品位矿石,铜品位约3.75%。矿堆的含铜量于11月份提升至约12,100吨 — 相比10月份高出55%,累计含铜量达46,700吨以上 (目前的铜价约每吨铜7,460美元)。项目将按计划于2021年7月实现投产前,在地表堆场储备约300万吨高品位和中品位矿石,含有超过125,000吨铜金属。

弗里兰德先生和孙先生表示,采掘班组于11月份共掘进2,163米,与项目的月度最高记录仅仅相差10米。卡库拉南北两条主要运输通道已于11月初完成贯通,实现了项目的一个重要里程碑,并到达高品位的矿床中心,该矿段的铜品位约8%以上 (见图1、2和3 )。根据标准的安全预防措施,贯通工程在过去几天只是从一端推进,但对整体的掘进距离影响不大。

贯通工程使卡库拉的采掘班组可以扩大矿床中心的开拓巷道至7米宽x7米高 (约23尺宽x23尺高),利用矿段厚大且铜品位极高的优势,大大提升采掘的矿石量。

11月份的的地下开发持续推进,至今已完成超过26.8公里,超越既定目标约9.0公里。 11月份的月度地下开拓工程共掘进2,163米,其中包含在卡库拉矿山掘进的1,840米和在卡索科矿山掘进的323米。卡索科矿山位于卡莫阿矿区范围内,距离卡库拉矿山以北约10公里处。

卡莫阿铜业首席执行官马克·法伦(Mark Farren) 说﹕“11月份的矿山开发进展理想。卡库拉主要运输通道已完成连接,为南北两面的斜坡道(相距约4公里)提供运输通道并改善通风情况。此外,我们还创下了采掘矿石量的纪录,且铜品位显著增加。随着更多采掘班组在卡库拉矿床中心的高品位矿段开始作业,我们预计这个增长势头将会持续下去。11月份,卡索科矿山录得的铜品位急剧上升,主要是由于接触到的富铜粉砂岩层不断加厚。”

法伦先生补充说﹕“我们预计将于本月实现三项关键的建设里程碑,包括﹕新安装的220千伏电力线将会通电,从国家电网为卡莫阿-卡库拉项目提供水电能源;翻新后的 Mwadingusha 水电厂6台涡轮机中的第1台将与国家电网同步;以及主要的地表岩石分支输送系统将开始运行,直接从卡库拉矿山运送矿石至选矿厂的堆场。”

目前,卡库拉的地下采掘班组正专注于矿床中心高品位分层充填采矿区的开发工作。为了能在这些高品位的分层充填矿段展开采矿作业,必须要在低、中和高品位矿段都进行开发工作,这一设计也是为了配合计划于明年开始运行的选矿厂。这将使采掘班组可从卡库拉地下直接运送大量的高品位矿石到选矿厂。

卡索科矿山大多数的地下开拓工程在中品位矿段进行,但采掘班组于11月底到达了矿床首个高品位矿段,并于月底采掘了2,100吨高品位矿石,铜品位达6.66%。 11月份在卡索科采掘的高品位和中品位矿石合共约33,000吨,平均铜品位为3.87%。由于接触到的粉砂岩层不断加厚,因此11月份在卡索科录得的铜品位急剧上升。粉砂岩对于卡莫阿-卡库拉的铜矿化形成有着重大的影响。

卡索科由训练有素的采矿队伍进行开发,开采的矿石将会补足项目在进行第二序列开发时,卡库拉选矿厂扩大至760万吨/年的产能需求,预计于2022年第三季度实现投产。

卡库拉矿山计划于2021年7月实现首批铜生产,预期将会成为全球品位最高的大型铜矿,初始年处理矿量为380万吨,预计投产后前5年的平均给矿铜品位达6.0%以上。第一和第二序列总共每年将会生产约400,000吨的铜金属。根据独立的研究机构排名,一旦项目扩产至1,900万吨/年,卡莫阿-卡库拉将成为全世界第二大铜矿山,年度最高铜产量将超过800,000吨。

加拿大密西沙加的Hatch Ltd.对于卡莫阿-卡库拉的温室气体强度指标进行了独立审核,确定项目将会成为全球每单位铜温室气体排放量最低的矿山之一。

施工中的卡库拉矿山和第一座380万吨/年选矿厂的简短航拍视频,可通过此链接进行观看﹕https://vimeo.com/485580022/276d6411df

从左至右﹕生产经理 Magloire Kashiba、业务主管 Jan Strydom、艾芬豪矿业总裁兼首席财务官玛娜·科洛特 (Marna Cloete) 和部门经理 Pontien Kalala 共同庆祝卡库拉的主要通道于11月初完成贯通,为南北两面的斜坡道提供运输通道并改善通风情况。

卡莫阿-卡库拉的地表施工团队,截至11月份达到500万个零失时工伤小时的纪录。

工作人员在卡库拉高品位矿床中心钻探7米宽x7米高的开拓巷道。

11月份开采的矿石量较10月份高出29%,月度铜品位从4.01%提升至4.85%;投产前地表矿堆目前已储备矿石量约125万吨,铜品位3.75%

采掘班组于11月份已在卡库拉和卡索科矿山开采及运送约250,000吨矿石到地表矿堆,铜品位4.85%。项目的投产前高品位和中品位矿堆已储备矿石量约125万吨,铜品位约3.75%。另外,622,000吨较低品位的矿石也运送到地表的矿堆。

11月份开采的矿石量较10月份 (194,000吨,铜品位3.47%) 高出约29%,较9月份 (132,000吨,铜品位3.31%) 则高出约89%。随着更多采掘班组在卡库拉和卡索科矿山的高品位矿段开始作业,项目将继续大大提升地表堆场的矿石量,且矿石品位将会有所增加。

图表1﹕2020年5月至2020年11月期间卡库拉和卡索科矿山的投产前矿堆累计储备的矿石量和品位。

图表2﹕2020年5月至2020年11月期间卡库拉和卡索科矿山的投产前矿堆含铜量增长。

图表3﹕2021年7月第一序列投产前,卡库拉和卡索科矿山的投产前矿堆累计含铜量增长估算。虚线是以2020年预可行性研究为基础而作出的预测。

在卡库拉矿山北部开采的矿石经由输送系统,运送到地表的混合矿堆。混合矿堆目前已储备矿石量约763,000吨,铜品位约3.93%。

此外,项目还有两个额外的投产前矿堆,分别位于卡库拉南面斜坡道 (约107,000 吨高品位矿石,铜品位6.11%以及224,000吨中品位矿石,铜品位2.64%) 和卡索科斜坡道 (约2,100 吨高品位矿石,铜品位6.66%以及151,000吨中品位矿石,铜品位2.82%)。

卡库拉北面斜坡道的主要投产前矿堆。混合矿堆目前已储备矿石量约763,000吨,铜品位3.93%。

卡库拉南面斜坡道的矿石堆场目前已储备约107,000吨高品位矿石,铜品位6.11%以及224,000吨中品位矿石,铜品位2.64%。

卡索科斜坡道的矿石堆场目前已储备153,000吨矿石,铜品位2.82%,其中包括首批2,100吨高品位矿石,铜品位达6.66%。

图1﹕卡库拉矿床总长度13.3公里,覆盖在曼哈顿岛南部(如下图),可见其规模之大。

图2﹕卡库拉矿床总长度13.3公里,覆盖在巴黎地图上(如下图),可见矿床和地下作业的规模之大。

图3:截至2020年11月27日在卡库拉矿山已完成的地下开拓工程 (黑色)。

年处理矿量380万吨初始选矿厂和其他地表基础设施的施工快速推进;第二座年处理矿量380万吨选矿厂的土方工程和土木工程已开始施工,并已签订项目设计采购与施工管理总承包合同(以下简称“EPCM”)。

卡莫阿-卡库拉第一序列的年处理矿量380万吨开采选矿作业 (包括矿山基础设施、选矿厂和地表基础设施) 整体施工进度理想,目前已完成约63%,上月则完成了58%。项目第一座380万吨/年选矿厂和相关基础设施的整体施工正在快速推进,目前已完成约35%,上月则完成了28%。选矿厂预计于2021年第二季度完工,并计划于2021年7月实现首批铜精矿生产。

初始选矿厂的土木工程已完成了90%以上,至今已灌入约28,000立方米的混凝土。所有主要厂房区域已移交给结构、机械、管道和钣金(以下简称“SMPP”)承包商继续施工。

超过2,000辆卡车的设备 (包括最后的主要设备 — 两台80兆伏安/220千伏的变压器) 已抵达矿场。变压器已放到卡库拉变电站内的指定位置,项目多个变电站的施工进度理想。

所有钢结构以及大部分的板金和管道已运达现场。管道的安装工程已经展开,并已开始安装电缆架和电缆。

目前,超过3,000吨 (总共5,700吨) 的钢结构已完成安装。选矿厂所有厂房区域已经开始进行SMPP的搭建和安装且进展顺利。选矿、浮选和浓密区的电器安装也正在进行中。

最近的重点工程包括在试剂仓库和精矿仓库安装顶板,安装完成后,现场的制造工程将不会受到雨天的影响。

卡库拉第一序列回填厂的钢架安装进展理想,大部分的外部结构已经完成,其中高架起重机已完成安装。两座2,000吨的水泥储仓的安装正进行中。钢结构的安装计划于2021年初完工。

回填厂将选矿厂的尾矿与水泥混合制造回填浆。回填浆将会泵回矿山用作填充采空区。矿山约一半的尾矿将被泵送回地下,大大减少地表的尾矿量。

尾矿坝的施工进度理想,将于规划时间之前完工。三条尾矿管道和尾矿回水管的安装也快将完成。

目前已为第二座380万吨/年选矿厂的长周期设备下订单,开始第二序列的开发工作,并已签订土方工程合同,开始进行土木工程和清除灌木工作,同时已经与北京的中国恩菲工程公司签订EPCM的合同。

卡莫阿铜业首席执行官马克·法伦 (左) 与恩菲工程国际业务部总经理黄颖生(右)签订卡莫阿-卡库拉第二序列选矿厂的EPCM合同。

图片上半部分为已建成的第一座380万吨/年选矿厂的三维鸟瞰图,下半部分显示了当前的施工进度 (已完成约41%)。

图片上半部分为第一座380万吨/年选矿厂已建成的球磨机厂区的三维示意图,规划中用于第二座选矿厂的另外两座球磨机则以紫色显示。图片下半部分显示了当前的施工进度 (已完成约59%)。

图片上半部分为卡库拉380万吨/年初始选矿厂的三维示意图,规划中的第二座380万吨/年选矿厂则以紫色显示。图片下半部分显示了当前的施工进度 (已完成约48%)。

图片上半部分为首个高压辊磨机矿仓的三维示意图,规划中的第二个高压辊磨机矿仓则以紫色显示。图片下半部分显示了当前的施工进度 (已完成约70%)。

图片上半部分为尾矿浓密机 (大— 以绿色显示) 和精矿浓密机 (小— 以绿色显示) 的三维示意图,背景为精矿装袋厂房,规划中的第二组浓密机则以紫色显示。图片下半部分显示了当前的施工进度 (已完成约73%)。

图片上半部分为试剂仓库、装袋厂房和精矿仓库的三维示意图,第二序列则以紫色显示。图片下半部分显示了当前的施工进度 (已完成约30%)。

选矿厂研磨机的施工正在快速推进。

工作人员在筛选厂和地表矿石输送系统完成最后的细节工作。

施工中的精矿袋装厂房。

工作人员在回填厂两座2,000吨的储仓安装组件。

关于建造回填厂的2,000吨储仓的简短快放视频,可通过此链接进行观看:https://vimeo.com/485583080/a80283b88f

图片上半部分为已完工的卡库拉第一序列回填厂的三维示意图,下半部分显示了当前的施工进度 (已完成约40%),背景为年处理矿量380万吨的初始选矿厂。回填厂将选矿厂的尾矿与水泥混合制造回填浆。回填浆将会泵回矿山用作填充采空区。矿山约一半的尾矿将被泵送回地下。

关于回填厂施工的简短航拍视频,可通过此链接进行观看:https://vimeo.com/485579247/bc8297d722

图片上半部分为卡库拉大型回收卸料系统的三维示意图,将从卡库拉地表矿堆 (于第二序列作业开始后也从卡索科矿山) 运送矿石供给选矿厂。图片下半部分显示了当前的施工进度 (已完成约54%)。

图片上半部分为卡库拉分支矿堆输送系统的三维示意图,下半部分显示了当前的施工进度 (已完成约62%)。

电工Abel Muianga在回填厂安装高压电气控制箱。

关于卡库拉铜精矿销售方案的深入详细讨论正在进行中

目前,卡莫阿-卡库拉正与多方就铜精矿的销售进行深入和详细讨论。卡库拉将会生产极高品位的清洁铜精矿 (含铜量达55%以上),将会是世界各地铜冶炼厂渴求的高质量产品。冶金测试结果显示,相较全球标准,卡库拉精矿的含砷量极低,约为0.01%。

卡莫阿-卡库拉作好准备与国家电网的电力线相连接,为项目提供清洁、可再生的220千伏水电能源;翻新后的Mwadingusha水电厂6台涡轮机中的第1台将与国家电网同步

卡莫阿-卡库拉预计将于本月晚些时候,与位于科卢韦齐的西部调度 (Western Dispatch) 变电站通过一条35公里长的220千伏电力线相连通,从国家电网为项目提供可靠和清洁的水电能源。

关于卡库拉主要变电站施工的简短航拍视频,可通过此链接进行观看:https://vimeo.com/485582554/2b5d9b4741

艾芬豪矿业刚果(金)能源公司 (Ivanhoe Mines Energy DRC) 公布,Mwadingusha水电站3台涡轮机的第一台已于11月26日进行最终调试,并将于今年内全面组装。这台涡轮机将于12月10日与国家电网同步,为水电厂余下5台发电机日后的调试做准备,确保卡莫阿-卡库拉在选矿厂投产前获得充足的电能供应。全面翻新后的水电厂预计将向国家电网提供72 兆瓦的电力。

Mwadingusha水电厂已安装新的水压泄压阀。

Mwadingusha于11月份注水入引水渠,为6台翻新的涡轮机的第一台进行调试及与国家电网同步作好准备。

卡莫阿-卡库拉项目的COVID-19防疫措施侧重于降低风险

卡莫阿-卡库拉矿山继续实施防疫措施如严格测试、保持距离、配戴口罩、经常洗手及追踪调查接触者等,以保护员工和社区成员的安全和健康。

目前已在卡莫阿项目营地设有COVID-19隔离设施。任何疑似或出现病症的人员都将会安排到该设施,进行隔离、检测和治疗。患者康复且不再具传染性后,必须在项目医务人员规定的额外隔离观察期结束后,才可返回工作岗位。

随着疫情的变化,卡莫阿-卡库拉的医疗队伍将继续不断审核和更新其疫情防控方案。项目的防疫措施符合国际最高标准,内部出现感染病例,传播或交叉感染的风险也非常低。

卡莫阿-卡库拉铜矿项目是艾芬豪矿业 (占股39.6%)、紫金矿业集团 (占股39.6%)、晶河全球 (占股0.8%) 及刚果(金)政府 (占股20%) 的合资项目。

电工Simon Ndjamba Merve在卡库拉新的地下水泵站。

Olivier Kongo与项目6,300多名员工和承包商,携手将卡莫阿-卡库拉打造成为世界下一个大型铜矿。

在卡莫阿-卡库拉新食堂的午餐时间。

关于艾芬豪矿业

艾芬豪矿业是一家加拿大的矿业公司,目前正推进旗下位于南部非洲的三大合资企业项目﹕位于刚果(金)的卡莫阿-卡库拉铜矿和位于南非的普拉特瑞夫 (Platreef) 钯-铂-镍-铜-铑-金矿的大型机械化地下矿山开发工程,以及同样位于刚果(金)、久负盛名的基普什 (Kipushi) 锌-铜-锗-银矿的大型重建和改善工程。卡莫阿-卡库拉预计将于2021年7月实现铜生产,并分阶段进行扩建,预计将会成为全球最大规模的铜生产商之一。卡莫阿-卡库拉和基普什将使用清洁、可再生的水电,并将成为全球每单位金属温室气体排放量最低的矿山之一。同时,艾芬豪正在刚果(金)境内其全资拥有、毗邻卡莫阿-卡库拉项目的西部前沿 (Western Foreland) 勘探许可区内寻找新的铜矿资源。

合资格人士

本新闻稿中关于卡莫阿-卡库拉项目的科学或技术性披露已经由史蒂夫·阿莫斯 (Steve Amos) 审查和批准,他凭借其教育、经验和专业协会会籍被认为是NI 43-101 标准下的合资格人士。由于阿莫斯先生是卡莫阿项目的负责人,因此他并不符合NI 43-101 对独立人士的界定。阿莫斯先生已核实本新闻稿所披露的技术数据。

本新闻稿中关于矿堆的其它科学或技术性披露已经由乔治·吉尔克里斯特 (George Gilchrist) 审查和批准,他凭借其教育、经验和专业协会会籍被认为是NI 43-101 条款下的合资格人士。由于吉尔克里斯特先生是艾芬豪矿业资源部副总裁,因此他并不符合NI 43-101 对独立人士的界定。吉尔克里斯特先生已核实本新闻稿所披露的其它技术数据。

本新闻稿所载的矿堆品位估算值是基于早前从地下巷道的大块矿石取样以及从最近开发的垂直剖面刻槽取样。每个巷道进行第二次爆破时取样,并收集3个5公斤重的样品。从2020年10月起使用刻槽取样的样品作为矿堆品位估算的主要数据,大约每15米在整个垂直剖面上使用手持式研磨机按1米垂直增量进行采样,收集100-150克重的样品。样品在项目现场实验室粉碎后,使用便携式XRF (pXRF) 仪器进行分析。除了在商业实验室利用4种酸分解液和ICP-OES进行分析之外,卡莫阿铜业也经常使用pXRF分析其钻孔岩芯中的铜含量。该数据表明,pXRF结果可用于品位控制和采矿井取样。

艾芬豪已经为卡莫阿-卡库拉项目编制了一份符合NI 43-101 标准的独立技术报告,该报告可在艾芬豪网站以及SEDAR 网站上的艾芬豪页面获得,网址为www.sedar.com

  • 2020年10月13日发布的2020年卡莫阿-卡库拉综合开发方案,由OreWin Pty Ltd.、中国瑞林工程技术有限公司、DRA Global、Epoch Resources、Golder Associates Africa、KGHM Cuprum R&D Centre Ltd. 、Outotec Oyj、Paterson and Cooke、Stantec Consulting International LLC、SRK Consulting Inc.以及Wood plc编制。

技术报告包括本新闻稿中引用的卡莫阿-卡库拉项目的矿产资源估算的假设、参数和方法等信息,以及本新闻稿中关于科学和技术性披露的数据验证、勘探程序和其他事项的信息。

联系方式

投资者﹕Bill Trenaman +1.604.331.9834 / 媒体﹕Matthew Keevil +1.604.558.1034

前瞻性陈述
本新闻稿载有的某些陈述可能构成适用于证券法所定义的“前瞻性陈述”或“前瞻性信息”。该等陈述及信息涉及已知和未知的风险、不明朗因素和其他因素,可能导致本公司的实际业绩、表现或成就、其项目或行业的业绩,与前瞻性陈述或信息所表达或暗示的任何未来业绩、表现或成就产生重大差异。该等陈述可通过文中使用“可能”、“将会”、“会”、“将要”、“打算”、“预期”、“相信”、“计划”、“预计”、“估计”、 “安排”、“预测”、“预言”及其他类似用语,或者声明“可能”、“会”、“将会”、“可能会”或“将要”采取、发生或实现某些行动、事件或结果进行识别。这些陈述仅反映本公司于本新闻稿发布当日对于未来事件、表现和业绩的当前预期。

该等陈述包括但不限于下列事项的时间点和结果﹕(i) 关于卡莫阿-卡库拉项目将按计划于2021年7月实现投产前,在地表堆场储备约300万吨高品位和中品位矿石,含有超过125,000吨铜金属的陈述;(ii) 关于随着更多采掘班组在卡库拉矿床中心的高品位矿段开始作业,预计增长势头将会持续的陈述;(iii)关于项目预计将于12月实现三项关键的建设里程碑,包括﹕新安装的220千伏电力线将会通电,从国家电网为卡莫阿-卡库拉项目提供水电能源;翻新后的Mwadingusha 水电厂的6台涡轮机中第1台与国家电网同步;以及主要的地表岩石处理分支输送系统开始运行,直接从卡库拉矿山运送矿石至选矿厂堆场的陈述;(iv) 关于在第二序列开发时,卡库拉选矿厂扩大至760万吨/年的产能需求,预计于2022年第三季度实现投产的陈述;(v) 关于卡库拉预期将会成为全球品位最高的大型铜矿,初始年处理矿量为380万吨,预计投产后前5年的平均给矿铜品位达6.0%以上的陈述;(vi) 关于第一和第二序列总共每年将会生产约400,000吨的铜金属;根据独立的研究机构排名,一旦项目扩产至1,900万吨/年,卡莫阿-卡库拉将成为全世界第二大铜矿山,年度最高铜产量将超过800,000吨的陈述;(vii)关于卡莫阿-卡库拉项目将会成为全球每单位铜的温室气体排放量最低矿山之一的陈述;(viii) 关于矿山约一半的尾矿将被泵送回地下的陈述;(ix)关于卡库拉将会生产极高品位的清洁铜精矿(含铜量达55%以上,相较全球标准含砷量极低,约为0.01%),将会是世界各地铜冶炼厂渴求的高质量产品的陈述;以及(x) 关于Mwadingusha水电厂全面翻新后预计将向国家电网提供72 兆瓦电力的陈述。

此外,卡库拉最终可行性研究、卡库拉-卡索科预可行性研究及卡莫阿-卡库拉项目初步经济评估的所有结果,构成了前瞻性陈述或信息,并包括内部收益率的未来估算、净现值,未来产量、现金成本估算、建议采矿方案和方法、矿山寿命估计、现金流预测、金属回收率、资本和运营成本估算,以及项目分期开发的规模和时间点。另外,对于与卡莫阿-卡库拉项目开发有关的特定前瞻性信息,公司是基于某些不确定因素而作出假设和分析。不确定因素包括:(i) 基础设施的充足性;(ii) 地质特征;(iii) 矿化的冶金特征;(iv) 发展充足选矿产能的能力;(v) 铜价格;(vi) 完成开发所需的设备和设施的可用性;(vii) 消耗品和采矿及选矿设备的费用;(viii) 不可预见的技术和工程问题;(ix) 事故或破坏或恐怖主义行为;(x) 货币波动; (xi) 法例修订;(xii) 合资伙伴对协议条款的遵守情况;(xiii) 熟练劳工的人手和生产率;(xiv) 各政府机构对矿业的监管;(xv) 筹集足够资金以发展该等项目的能力;(xiv) 项目范围或设计更变;以及(xv) 政治因素。

前瞻性陈述及信息涉及重大风险和不确定性,故不应被视为对未来表现或业绩的保证,并且不能准确地指示能否达到该等业绩。许多因素可能导致实际业绩与前瞻性陈述或信息所讨论的业绩有重大差异,包括但不限于“风险因素”以及本新闻稿其他部分所指的因素,以及有关部门实施的法律、法规或规章或其不可预见的变化;与本公司签订合约的各方没有根据协议履行合约;社会或劳资纠纷;商品价格的变动;以及勘探计划或研究未能达到预期结果或未能产生足以证明和支持继续勘探、研究、开发或运营的结果。

虽然本新闻稿载有的前瞻性陈述是基于本公司管理层认为合理的假设而作出,但本公司不能向投资者保证实际业绩会与前瞻性陈述的预期一致。这些前瞻性陈述仅是截至本新闻稿发布当日作出,而且受本警戒性声明明确限制。根据相应的证券法,本公司并无义务更新或修改任何前瞻性陈述以反映本新闻稿发布当日后所发生的事件或情况。

由于公司在2020年第三季度管理层讨论和分析和当前年度报告中“风险因素”部分所列的因素,公司的实际业绩可能与这些前瞻性陈述中预期的业绩有重大差异。

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