Ivanhoe Australia Limited: Production Successfully Commenced at Starra 276 Underground Mine
Published : March 19, 2013

Starra 276 on Track for Full Ramp-Up during 2nd Quarter 2013

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Keywords :   Australia | Copper | Gold | Market | Silver |

MELBOURNE, AUSTRALIA--(Marketwire - March 19, 2013) -

NOT FOR DISTRIBUTION OR RELEASE IN THE UNITED STATES OR TO US PERSONS

Ivanhoe Australia Limited (TSX:IVA)(News - Market indicators), announces that stope production at the Company's Starra 276 underground mine commenced successfully this week, with stope blasting and production loading being achieved. This follows completion of development at Starra 276 in February 2013. Starra 276 is the third underground mine that Ivanhoe Australia has successfully re-commissioned for its Osborne Copper-Gold Project and is a key pillar in the copper-gold strategy at Osborne.

Mining at Starra 276 will continue to ramp up until its full production rate of approximately 650,000 tonnes per year is reached - expected in the second quarter 2013.

Bob Vassie, Ivanhoe Australia CEO, commented; "This is another milestone for the Company's Osborne copper-gold story. The Starra 276 mine contains another two to three years of ore that we will be able to exploit at current rates, with our expectation being that further ore will be identified, potentially increasing the mine's life. The recommencement of mining at Starra 276 has been achieved safely and reflects well on the project development and operating capabilities within Ivanhoe Australia."

Development ore from Starra 276 has been processed at the Osborne mill since late February 2013 at blends of between 20% and 50% with ore from the Osborne and Kulthor mines. Recoveries and concentrate grades are being maintained with the addition of Starra ore and efforts are now focused on optimising the mill's on-going performance. Current Starra 276 ore stocks total approximately 40,000 tonnes at the mine and at the processing plant as a result of development and stope production commencement.

Starra 276 ore is being trucked to Osborne via the new Mount Dore - Osborne haul road. The road is meeting expectations with daily truck movements ramping up to a capacity of 2,400 tonnes per day.

Figure 1 shows the current mining level at Starra 276 with the stopes planned to be mined and development progressed to-date.

To view Figure 1. Starra 276 Stope Mining at the 4125 Level, please visit the following link: http://media3.marketwire.com/docs/860850_FIGURE_1.pdf.

This information is available on our website: www.ivanhoeaustralia.com

Forward-looking statements

Certain statements made herein, including statements relating to matters that are not historical facts and statements of our beliefs, intentions and expectations about developments, results and events which will or may occur in the future, constitute "forward-looking information" within the meaning of applicable Canadian securities legislation and "forward-looking statements" within the meaning of the "safe harbor" provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking information and statements are typically identified by words such as "anticipate," "could," "should," "expect," "seek," "may," "intend," "likely," "plan," "estimate," "will," "believe" "potential", "likely" and similar expressions suggesting future outcomes or statements regarding an outlook. These include but are not limited to the company's expectations about mining rates at Starra 276 and the Osborne copper-gold project.

All such forward-looking information and statements are based on certain assumptions and analyses made by Ivanhoe Australia's management in light of their experience and perception of historical trends, current conditions and expected future developments, as well as other factors management believes are appropriate in the circumstances. These statements, however, are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward- looking information or statements. The reader is cautioned not to place undue reliance on forward-looking information or statements.



Ivanhoe Australia Limited
Stephen Nossal
Senior VP Corporate Development
+61 3 9090 8800
stephenn@ivancorp.net
www.ivanhoeaustralia.com
Data and Statistics for these countries : Australia | All
Gold and Silver Prices for these countries : Australia | All

Ivanhoe Australia Limited

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CODE : IVA.AX
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Ivanhoe Australia is a copper and gold exploration company based in Australia.

Ivanhoe Australia develops copper, gold, molybdenum and rhenium in Australia.

Its main asset in development is MERLIN in Australia and its main exploration property is CLONCURRY/ SWAN - MT ELLIOT in Australia.

Ivanhoe Australia is listed in Australia. Its market capitalisation is AU$ 90.0 millions as of today (US$ 82.1 millions, € 60.5 millions).

Its stock quote reached its highest recent level on December 04, 2009 at AU$ 4.24, and its lowest recent point on June 07, 2013 at AU$ 0.10.

Ivanhoe Australia has 418 410 103 shares outstanding.

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Nominations of Ivanhoe Australia Limited
5/27/2013Chief Executive Officer's Address
1/15/2013Announces Company Secretary Appointment
6/28/2011Appoints Jim Askew as an Independent Non-Executive Director
Financials of Ivanhoe Australia Limited
7/29/2011Quarterly and Cash Flow Report for the Three Months Ending 3...
5/2/2011Quarterly and Cash Flow Report for the Three Months Ending 3...
5/2/2011's Quarterly and Cash Flow Report for the Three Months Endin...
Project news of Ivanhoe Australia Limited
2/24/2011(Cloncurry/ Swan - Mt Elliot)Drilling Continues to Intersect High-Grade Copper and Gold M...
12/8/2008High-Grade Molybdenum and Rhenium Discovery Confirmed by Iva...
Corporate news of Ivanhoe Australia Limited
10/24/2013Inova Resources Limited: Shanxi Donghui Conditional Takeover...
10/17/2013Inova Resources Limited: Shanxi Donghui Receives Chinese NDR...
10/6/2013Inova Resources Limited: Shanxi Donghui Conditional Takeover...
9/27/2013Inova Releases Target's Statement
9/19/2013Inova Resources Limited: Updated Starra 276 Mineral Resource...
9/13/2013Inova Resources Limited: Shanxi Donghui Dispatches Bidder's ...
9/5/2013Inova Resources Limited: Positive Initial Gold Results from ...
8/30/2013Inova Resources Limited: Shanxi Donghui Lodges Bidder's Stat...
8/21/2013Inova Resources Limited: Intended Takeover Offer
7/31/2013Inova Resources Quarterly Report for the Three Months Ending...
7/9/2013Market Update on Inova Resources' Exploration and Drilling P...
6/17/2013Name Changed to Inova Resources Limited
5/22/2013Proposed Company Name Change to Inova Resources Limited
4/23/2013Appoints Highly Experienced Geologist, Mark McGeough, as Gen...
4/11/2013Response to Media Article
3/19/2013Production Successfully Commenced at Starra 276 Underground ...
2/11/2013Revised Share Trading Policy
1/29/2013Pro-Rata Entitlement Issue Shortfall Placement
1/7/2013CORRECTION FROM SOURCE: Ivanhoe Australia Announces New Mana...
10/31/2012Quarterly Report for the Three Months Ending 30 September 20...
9/19/2012Upgrade to Mineral Resource; Over 60% Increase in Contained ...
8/31/2012Sale of Exco Limited Shares
8/23/2012Sale of Exco Resources Limited Shares
8/16/2012Strategic & Business Review Complete
7/30/2012Secures US$50 Million Working Capital Facility
6/26/2012First Phase of Strategic and Business Review
6/15/2012First Shipment of Concentrate From the Osborne Copper-Gold P...
6/8/2012Change of CEO
4/30/2012Significant Drilling Results at Ivanhoe Australia's Kulthor ...
4/12/2012Announces Board Changes
3/8/2012Achieves Producer Status
1/31/2012Accesses Very High Grade Little Wizard Molybdenum & Rhenium ...
1/19/2012Significant High-Grade Copper-Gold Intercepts in Resource De...
1/12/2012Receives $30.1 Million Distribution From Exco Resources' Ass...
10/28/2011Osborne Copper Gold Project on Track to Advance Ivanhoe Aust...
10/13/2011Completes Acquisition of 80% Interest in Exco Joint Venture ...
10/5/2011Foreign Investment Review Board Approval for Ivanhoe Mines t...
9/16/2011to Raise Up to A$150 Million Net Proceeds
4/20/2011Clarifies its Position on Exco Resources Limited's Market Re...
10/30/2009Quarterly Report to 30 September 2009
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