Ivanhoe Electric to update Arizona copper project resource in early ’23

Technology and mineral exploration company Ivanhoe Electric, chaired by mining billionaire Robert Friedland, has made rapid progress at its Santa Cruz copper project, in Arizona, and is expecting an updated mineral resource statement for the project in January 2023.

The company is managing a multi-rig drill programme, while completing numerous trade-off studies and carrying out the technical studies required to support a future preliminary economic assessment (PEA), chief technical and innovation officer Glen Kuntz reports.