# Ivanhoe Mines corporate and resource expansion

> Live situation record from CLSTR: https://clstr.news/situations/ivanhoe-mines-corporate-and-resource-expansion
> Updated: 2026-09-08T16:18:15.000Z. Sources: 6. Developments: 2.

Ivanhoe Mines is pursuing a strategic transition from a copper and zinc producer to a multi-asset mining company by expanding into gold, nickel, and platinum group metals. While the company manages short-term volatility in copper and zinc prices, analysts have provided positive outlooks and price target upgrades.

In the Democratic Republic of the Congo, the company reported a 30% increase in mineral resource estimates for the Makoko District within its Western Forelands Exploration Project. This update includes approximately 12 million tonnes of contained copper. The project is located near the Kamoa-Kakula Copper Complex, which is expected to allow for shared infrastructure. Following this news, Ivanhoe Mines shares rose by over 10%, and the company plans to conduct a pre-feasibility study by 2027.

## Claims

- Ivanhoe Mines increased its copper resource estimate for the Western Forelands project by 30%. (corroborated by 2 sources)
- The Makoko District contains 42 million tonnes of indicated resources at 2.66% copper. (corroborated by 2 sources)
- The project includes 612 million tonnes of inferred resources at 1.80% copper. (corroborated by 2 sources)
- The total contained copper in the district is approximately 12 million tonnes. (single source)
- The resource update is based on a 94,500-meter drilling program conducted in 2026. (single source)
- The company aims to conduct a pre-feasibility study for the project in 2027. (single source)
- Ivanhoe Mines shares rose by 10.70% following the resource announcement. (single source)
- Executive Co-Chairman Robert Friedland stated that geologists have found over 55 million tonnes of copper in the basin. (single source)

## Timeline

### 2026-09-08: Ivanhoe Mines increases DRC copper resources by 30%

Ivanhoe Mines reported a 30% increase in copper resources at its Makoko District in the DRC, with total contained copper reaching approximately 12 million tonnes.

4 sources. https://clstr.news/cluster/ivanhoe-mines-increases-copper-resource-estimate-in-drc-by-30

### 2026-09-01: Ivanhoe Mines pursues diversification into gold and nickel

Ivanhoe Mines is diversifying from copper and zinc into gold, nickel, and PGM to stabilize revenue, supported by recent analyst upgrades and a 'Moderate Buy' consensus rating.

2 sources. https://clstr.news/cluster/ivanhoe-mines-pursues-diversification-into-gold-and-nickel

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Cite as: Ivanhoe Mines corporate and resource expansion. CLSTR, https://clstr.news/situations/ivanhoe-mines-corporate-and-resource-expansion