Florence Copper

Florence Copper Project Map

The Florence Copper Project is an advanced-stage project that strengthens the Company's near-term development pipeline

For the latest photos and video of the construction progress, visit Florence Copper – Photos & Videos

Taseko’s wholly owned Florence Copper, an in-situ copper recovery project, is located midway between Phoenix and Tucson near the community of Florence, Arizona.

In September 2017, with all final permits in place, Taseko announced that it’s Board of Directors approved the construction of the Florence Copper Phase 1 in-situ copper recovery facility.

The Phase 1 facility, which includes 24 injection, recovery and monitoring wells and an SX/EW plant, was completed in the third quarter 2018, on-time and on budget.

In December 2018, wellfield operations were commenced and injection and recovery systems fully ramped up within a short timeframe (reference news release). The company plans on operating the test facility for approximately 12 months and anticipates commencing the permit amendment process for commercial production in mid-2019.

Successful operation of the Phase 1 wellfield and processing plant is a major milestone in advancing and realizing the full value of the Project.

Highlights

  • At US$4,700 per ton of installed capacity, Florence Copper is one of the lowest capital intensity copper projects in the world
  • Pre-tax net present value of US$920 million at a 7.5% discount rate
  • After-tax net present value of US$680 million at a 7.5% discount rate
  • Probable Reserves of 345 million tons grading 0.36% Cu
  • 85 million pounds average annual copper production
  • 20-year mine life
* Recent changes to the US tax legislation are expected to increase the after-tax net present value of the project by approximately US$80 million, based on current estimates, to US$760 million.

Note: The technical information on this website related to the Florence Copper Project has been reviewed by Dan Johnson, P.Eng., Vice President & General Manager of the Florence Copper Project and a Qualified Person under National Instrument 43-101. See Florence – Reserves & Resources for further information.

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