Florence Copper

Florence Copper Project Map

The advanced-stage Florence Copper Project strengthens the Company's near-term development pipeline and will significantly increase Taseko’s copper production

For the latest photos and videos, 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.

The Phase 1 facility, included 24 injection, recovery and monitoring wells and an SX/EW plant, commenced operation in December 2018. Operating the test facility successfully demonstrated the ability to produce high-quality copper cathode, within the stringent environmental guidelines of the permits, and has confirmed the project economics. Many of the modelled assumptions have been validated and that data will be used to develop strategies for solution chemistry, flow rates, reverse flow and the use of well packers for targeting solution flows. The hydrogeological model has been updated using the data provided by the test facility and is being used to refine the operating plan for the commercial production facility.

Taseko is now advancing the permit amendment process to transition the project to the commercial production facility, which includes an expanded wellfield and SX/EW plant that will produce an average of 85 million pounds of copper per year, over its 20-year life.

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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