Core Points - Ivanhoe Mines is set to commence Stage Two dewatering of the Kakula Mine imminently, following the completion of Stage One on June 2, 2025 [3][22] - The company expects to reinstate its 2026/2027 production guidance in September 2025, with an updated long-term integrated mine plan targeted for Q1 2026 [1][22] - Copper grades from the Kakula Mine are anticipated to improve towards the end of the year as underground water levels decrease, allowing access to higher-grade areas [1][14] Dewatering Activities - Stage Two dewatering will involve the installation of four high-capacity submersible pumps, each with a capacity of 650 litres per second, to dewater the eastern side of the Kakula Mine [3][4] - The installation of the pumps began on August 15, 2025, with two pumps expected to be operational by the end of August and the remaining two by mid-September [9][32] - The submersible pumps will be fully submerged until the end of November 2025, when the majority of dewatering is expected to be complete [6][32] Rehabilitation and Mining Plans - Rehabilitation of accessible areas underground at Kakula is complete, and selective mining in the eastern workings is expected to start in Q1 2026 [15][22] - Dewatering of the western side of the Kakula Mine is projected to be completed within eight weeks, allowing for quick access to high-grade areas [14][32] - Stage Three dewatering activities will commence in late 2025, focusing on rehabilitating and recommissioning major existing pump stations on the eastern side of the mine [16][32] Production Guidance - Kamoa-Kakula's engineering team is expected to provide copper production guidance for 2026 and 2027 in mid-late September 2025 [22][32] - An updated life of mine plan is anticipated to be released in late Q1 2026 [22][32] Inga II Hydroelectric Facility - The refurbishment of Turbine 5 at the Inga II hydroelectric facility is nearing completion, with mechanical installation complete and commissioning activities underway [23][32]