One of Canada's largest undeveloped copper-gold projects, New Prosperity has the potential to create significant economic and social value, both in and beyond British Columbia.
The Prosperity deposit is a gold-copper porphyry with a one billion tonne measured and indicated resource containing 5.3 billion pounds of copper and 13.3 million ounces of gold. At metal prices of US$1,000/ounce gold and US$3.15/pound copper the project has a pre-tax net present value of C$3 billion and a 40% pre-tax internal rate of return.
Over the past seven years, Taseko has advanced the project towards a construction decision. In 2007 a feasibility study was completed with confirmed robust economics for the project. In 2010, the Provincial Government granted an Environmental Assessment Certificate and the project is now in the Federal environmental assessment process.
New Prosperity is a project that holds the potential to dramatically increase shareholder value and improve the economic well-being of local communities. Development of this large-scale deposit will be a major step towards transforming Taseko into a strongly positioned mid-tier mining company.
We have developed a website, www.newprosperityproject.ca, to provide the facts of New Prosperity and to promote discussion about the project. We invite you to visit the website to engage in discussions about the project.