New Prosperity

New Prosperity Project Map

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 long-term gold and copper prices the project has robust economics.

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.

In light of the federal government’s decision not to issue the authorizations necessary for the project to proceed, and the related ongoing legal proceedings initiated by Taseko, there is considerable uncertainty with respect to successful permitting of the project.

Highlights

  • Large undeveloped gold-copper project: A one billion tonne measured and indicated resource containing 5.3 billion pounds of copper and 13.3 million ounces of gold**.
  • 831M tonne proven and probable reserve grading 0.23% copper and 0.41 gpt gold**.
  • 33 year mine life processing 70.000 tpd
  • Annual production averaging 110 million pounds copper and 234,000 ounces gold over the mine life

** based on a Technical Report entitled “Technical Report on the 344 Million Tonne Increase in Mineral Reserves at the Prosperity Gold – Copper Project” issued December 17, 2009 with an effective date of November 2, 2009. Readers are cautioned that the Prosperity Technical Report has not been updated since 2009 and accordingly, caution needs to be advised when assessing its conclusions in light of current operating and capital costs, appropriate technologies, metals price outlooks, and like matters. Due to the permitting uncertainty, the Company does not consider the project to be material at the current time.

Note: The technical information on this website related to the New Prosperity Project has been reviewed by Scott Jones, P.Eng., Vice President, Engineering of Taseko and a Qualified Person under National Instrument 43-101. See New Prosperity – Reserves & Resources for further information.

.