INVESTOR DAY 2026 0.8 4.1 7.4 10.7 Exploration potential Platreef 57 Source: Ivanhoe Mines Ltd. Development IVANHOE MINES Phase 1 & 2 targeting production capacity of ~400 koz 4PE annually Phase 2 accelerated by hoisting with both Shaft #1 and Shaft #3 Phase 3 (PEA) Expansion up to 10.7 Mtpa by 2029, produce 1.0–1.2 Moz of 3PE+Au once fully ramped up Processing Capacity (Mtpa) Phase 1 3.3 Mtpa Phase 3 Concentrator (2/2) 3.3 Mtpa Phase 3 Concentrator (1/2) Shaft #2 Hoisting (ore & waste) 3.3 Mtpa Phase 2 Concentrator Shaft #3 Hoisting Phase 2 (4.1 Mtpa) Feasibility Study Phase 3 (10.7 Mtpa) Preliminary Economic Assessment 0.8 Mtpa Phase 1 Concentrator Shaft #2 Hoisting (labor & materials)