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.

Development of the project is being performed in two phases – the first phase is a production test facility, which is followed by the second phase commercial facility.

Construction of 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 commenced, with the injection and recovery systems fully ramped up shortly after. In April 2019, after the initial leaching period, the first high quality copper cathode was produced.

Concurrent with test facility operations, the Company is advancing a permit amendment process to transition to commercial production.

Successfully operating the Phase 1 wellfield and SX/EW plant has been 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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