Ivanhoe Mines Announces Makoko Discovery Extended to over 13 Kilometres of Strike Length
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Ivanhoe Mines has announced significant developments in its Western Forelands Exploration Project in the DRC, including the extension of the Makoko discovery and a substantial 2025 exploration budget.
February 24, 2025 | 12:15 pm
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POSITIVE IMPACT
Ivanhoe Mines has extended the Makoko discovery to over 13 km and plans a $75 million exploration budget for 2025, indicating potential growth in resources and future revenues.
The extension of the Makoko discovery and the significant exploration budget suggest potential for increased mineral resources, which could lead to higher future revenues. This is a positive development for Ivanhoe Mines, likely boosting investor confidence and stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100