Osborne copper gold project on track to advance Ivanhoe Australia from explorer to producer
MELBOURNE, AUSTRALIA--(Marketwire - Oct. 28, 2011) - Peter Reeve, Chief Executive Officer, and Robert Friedland, Chairman of Ivanhoe Australia Limited (IAL) (ASX:IVA)(TSX:IVA), are pleased to announce the completion of the Osborne Copper-gold Study and the results of the Preliminary Economic Assessment of the company's Osborne Project in north-western Queensland.
"The study confirms our view that Ivanhoe Australia is firmly on track to begin production from the Osborne complex within approximately five months, in what will be a major milestone in the evolution of our company," Mr Reeve said.