12:02 PM EST - Ivanhoe Australia Limited : continues to progress its four main projects with the key focus on commencing copper and gold production in March 2012 at the Osborne facility. All major refurbishment work on the Osborne processing facility was completed in December. Underground development at Osborne and Kulthor continued on schedule, sufficient ore will be stockpiled on surface by February 2012 to sustain mill throughput from production commencement. Decline development work commenced at Starra 276 as ore from this deposit will form one of the key ore sources for the Osborne Copper Gold Project in 2013. Ivanhoe Australia Limited
shares T.IVA are trading up $0.05 at $2.15.
