Mining with a greater purpose

Q1 2024 Sustainability Update

May 2024

Our purpose

To discover, develop and produce the critical resources needed for a resilient future on planet Earth.

With purpose, vision, social and environmental responsibility, we believe that mining done right can help lead the world's transition to clean energy.

Ivanhoe will be a responsible, leading supplier of critical metals for the clean-energy transition, including copper, nickel, zinc and PGMs.

World-class Mines

Three long-life mines with low costs, low capital intesity and leading ESG programs

Experienced Management Team

Dynamic management team with an proven track record of exploration and execution success

Poised to grow Ivanhoe

into a world-class mining company

Key Partners

Committed support from partners CITIC and Zijin

Strong in-country support

and relationships: DRC has 20% stake in Kamoa-Kakula and B-BBEE partners have 26% stake in Platreef

Riaan Vermeulen, Managing Director, Kamoa-Kakula, testing the new Fire and Rescue Engine.

Creating Prosperity

$4.1 billion created and distributed to communities

$39.3 million spent on socioeconomic development initiatives

Kamoa-Kakula generated 6% of DRC GDP in 2023

Bright Future

Approximately 91% of a total workforce of 22,844 employees are local

In 2023 alone, $2.2 billion was spent on local suppliers

The Emergency Response Team at Kamoa-Kakula.

Local Initiatives

Kamoa-Kakula

Democratic Republic of Congo

Health and Safety

Kamoa-Kakula operations recorded of eight lost time injuries during the fi quarter of 2024, with a Lost-Time Inj Frequency Rate (LTIFR)1of 0.49 and a Recordable Injury Frequency Rate (T (total injuries recorded per 1,000,000 worked) of 1,09.

Enhancing Healthcare: Advanced Medical Equipment and Swift Emergency Responses

In Q1 2024, Kamoa-Kakula enhanced its medical and emergency response infrastructure. The Kamoa Hospital was equipped with a new mobile and stationary x-ray machine that will improve trauma care and facilitate on-site occupational medical x-rays. In addition, Kamoa's emergency response capability was bolstered by a new Fire and Rescue Engine, which was officially handed over to the Kamoa-Kakula Emergency Response Team in March.

The new fire truck provides improved rescue coverage of the existing operations, as well as the the smelter, which is under construction. It features a six-person crew capacity and is equipped with advanced rescue equipment, including the Jaws of Life, and can transport up to 3,000 liters of water and 300 liters of firefighting foam.

Radiologists Daniell Ntumbs Kalonji and Paulin Kamba Wakaumba in front of the new x-ray machine.

Kamoa-Kakula

Democratic Republic of Congo

Stakeholder Engagement

A key highlight in Kamoa-Kakula's stakehold engagement activities during the first quarte 2024 included its Annual Sustainability Revie which aimed to evaluate Kamoa-Kakula's so performance in alignment with the strategic objectives set forth for the year 2023. The ev was hosted for representatives from the loca government, community-based organization community leaders and the President of the Cahier des Charges.

Stiching Success

Local Stakeholders at an annual review meeting.

Established in 2018, the Chatuta Sewing Centre has grown to employ 43 seamstresses and sells approximately 1,000 uniforms monthly to the Kamoa-Kakula Copper Complex.

Following the 2023 facility expansion, in the first quarter of 2024, a generous donation of 15 sewing machines, 100 jeans and 100 t-shirts was made by CIC Global to the Chatuta Sewing Enterprise. CIC Global, a local contractor that sources and manages the inventory of all personal protective equipment (PPE) for the Kamoa warehouse, works closely with Chatuta and to ensure that the community sewing business is viable and continues to thrive.

Building a thriving future for local communities

The Chatuta Sewing Centre welcomed donations from CIC Global.

Kamoa-Kakula

Democratic Republic of Congo

Power Through Education

The 2024 adult literacy program kicked off with the enrollment o 300 community members. The program, structured as a series o classes spanning 10 months, will witness participation from 30 individuals from 10 neighboring communities. The classes are designed to enhance reading, literacy and numeracy. This program empowers and liberates people, improving lives by expanding literacy capabilities and in turn supports reduction o poverty.

Striving towards supporting the SDG 4 goal of Quality Education Kamoa-Kakula invests in infrastructure, equipment and skills development in local schools surrounding the project. To date, Kamoa has constructed nine schools, six primary schools and thr secondary schools, eight of which are currently operational, with one under construction.

In addition, Kamoa has established two Early Childhood Development Centres (ECDs), both of which are operational, with two more under construction.

Recognizing the importance of developing the skills of educators, during the quarter, Kamoa-Kakula initiated training for secondary school teachers in the surrounding communities of the Lufupa and Mwilu sectors, which aims at building the capacity of secondary school teachers in innovative teaching approaches for science, language, social and environmental studies.

The training was led by eight educational facilitators and served as an upskilling session for teachers to master - and add - learning tools to enrich their teaching practices.This five-day training program, which was the first of its kind, benefitted 61 teachers from six secondary schools.

Students from ECD school in Cite Musoka.

Developing skills for the future

Educators attended an professional development workshop sponsored by Kamoa-Kakula.

Kamoa-Kakula

Democratic Republic of Congo

Sustainable Livelihoods Program

Ivanhoe Mines initiated the Sustainable Livelihoods Program in 2010, aimed at enhancing food security and farming capacity in the communities surrounding the Kamoa-Kakula Copper Complex. The program focuses on the cultivation of maize, vegetables, and fruits, along with aquaculture, poultry farming, and honey.

·Kamoa-Kakula's maize program is built on a five-year support model where farmers receive support from the company for technical, farming, and business support after which farmers are encouraged to create their own businesses. Kamoa-Kakula has exceeded its commitment of supporting 200 hectares of maize farming by supplying support for 236,5 hectares to 338 beneficiaries across 31 communities of which 297 are male and 41 are female.

·Kamoa-Kakula's vegetable production initiatives serve 171 beneficiaries of which 144 are male and 27 are female. During the first quarter of 2024, vegetable produce cultivated 248,584 kgs and generated a revenue of $438,804 from the sale to Kamoa's catering service contractors.

·The fishpond project which was launched in 2018, aims at cultivating aquaculture skills in local communities, enhancing nutrition and generating income for households. Currently, 41 beneficiaries own the 318 fishponds in use, consisting of 39 males and two females. During the quarter, a total of seven tonnes were harvested generating a revenue of $25,335 for local community members.

·Kamoa-Kakula has embarked on a chicken production program as part of the growing sustainability approach with communities since 2018. The sustainability approach includes the production of eggs by layers and currently has two functioning poultries, the Lwansenga and Kasangwiji poultries, with a third facility planned. These poultries employ 25 females and two males and aim to reduce malnutrition in vulnerable households through improved nutrition.

During the first quarter of 2024, the existing Lwansenga SARL poultry underwent renovation to existing infrastructure and was restocked with 2,165 chickens. Additionally, all three poultries were fixed with biosecurity measures to assist with security and interior footpaths to ease access. Together, the two functioning poultries produced 102,390 eggs creating a revenue of $16,381.

A local farmer showing his crop.

Seamstresses at Kushona Sewing Centre make uniforms for Kipushi employees

Platreef

South Africa

Health & Safety

The Platreef Project recorded one lo time injury during the first quarter of 2024, with a Lost Time Injury Freque

rate (LTIFR) of 0.74 and a Total

2

Recordable Injury Frequency Rate (TRIFR) of 2.21.

Community Development and En

Platreef's community development i on the provision - or upgrade - of c

facilities, and advancing health and safety programs. Educational support is also a cornerstone of Platreef's community engagement, with initiatives that include road safety and environmental awareness, as well as the awarding of scholarships and the supply of essential educational resources to students from surrounding villages.

During the first quarter, the Platreef Project celebrated International Women's Day through the donation of a wendy house to a group of women from the Bangwanate Disability Centre in Tshamahansi. These women create and sell beautiful beadwork, with the proceeds used by the centre for the benefit of people living with disabilities. A newly-elected Ivanplats Women in Mining (WIM) committee consisting of nine members spearheaded this initiative and participated in the handover. The wendy house is fitted with an air conditioning and furniture and was very well received.

The Wendy house was donated to the Bangwanate Disability Centre.

Fostering our communities

Platreef

South Africa

Illuminating Progress

Several community development initiatives have been implemented by the Bonega Communities Trust, a public benefit vehicle established as part of Platreef's broad- based black economic empowerment initiative. These include infrastructure projects such as the installation of nine high-mastsolar-powered streetlights in Ga- Magongoa positioned in critical places near schools and public areas, fencing of communal areas such as cemeteries, and the improvement of road surfaces.

The Trust also focuses on educational advancement through initiatives like the 'Mini Chess' program, and delivers complimentary Wi-Fi to twenty communities.

During the first quarter of 2024, five additional main roads were regravelled in Kgobudi, totalling 3.4 km. These roads are mainly used by public transport (buses and taxis) and are also access routes to local schools.

Regravelled roads near the Platreef Project.

Following the incredible success of the 'Mini Chess' program, which was re-launched at the Motshitshi Primary School in Masehlaneng in 2023, the project was expanded in 2024 to include Leshoba Primary in Ga-Madiba. Four additional facilitators were introduced to run the program at these schools.

To date, the enrolment of learners participating in the program is 1,121.

Students at the Mmamanigina

Primary School.

Participants of the mini-chess program at Moshibudi School

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Ivanhoe Mines Ltd. published this content on 08 May 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 08 May 2024 19:00:03 UTC.