09:57 AM EST - Ivanhoe Australia Limited : announced its quarterly report for the three months ending September 30. Osborne Copper-Gold operation is performing well with production on target to achieve guidance and mine development work ahead of schedule. Higher grade ore has enabled the targeting of a further (fifth) shipment in late 2012 - original plan was for four shipments. Operating costs (C1) for August & September averaged A$2.09 ($2.17 U.S.) per pound. This is for steady state batch production at approximately 1.0 mtpa. The cash costs forecast for 2013 are between $1.70 - $1.90 U.S. per pound when the Osborne, Kulthor and Starra 276 mines will be in full mine production (1.4 - 1.6 mtpa). Ivanhoe Australia Limited
shares T.IVA are trading unchanged at $0.73.
