Florence Copper

Florence Copper Project Map

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

In November 2014, Taseko acquired Curis Resources, the owner of the Florence Copper Project- an advanced-stage in-situ copper recovery (ISCR) project in central Arizona.

Florence Copper, located midway between Phoenix and Tucson near the community of Florence. The subject property has been the focus of mineral exploration and development activities dating back to the 1960s.

Highlights

  • Advanced stage project: majority of Phase 1 operating permits in place, only two outstanding permits required to move forward with the Phase 1 Test Facility
  • Major power, transportation, road and rail infrastructure in place
  • Robust Economics: A pre-tax net present value of US$850 million with an internal rate of return of 31% (8% discount rate)
  • In-situ copper recovery project: Recovery method allows for low life-of-project direct operating costs of US$0.80/lb of copper recovered
  • Environmentally responsible method of extracting copper from the ground, with minimal disturbance to the land
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