The relatively low capital cost, strong operating margins and favourable operating jurisdiction make Aley an ideal growth project for Taseko.
Taseko's wholly-owned Aley Niobium Project is located in northern British Columbia, 140 km north of Mackenzie. The site covers approximately 433 square kilometers and consists of 104 mineral claims.
Taseko acquired the project in 2007 for $5.4 million. After only seven years $30 million invested into exploration and development work, the project has an $860 million net present value (NPV).
Niobium is primarily used in the manufacturing of high strength, light-weight, and corrosion resistant steel. Niobium-based steel is found in turbines, aerospace and automobile machinery, and oil and gas pipelines, among other end-products. The project is poised to support growing niobium demand from increased use in steel production. .