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Yellowhead

Yellowhead Project Map

Yellowhead has the potential to be one of the largest open pit copper mines in North America and its development would significantly increase Taseko’s annual cash flow

The project is located in the Thompson‐Nicola area of British Columbia, approximately 150km north‐east of Kamloops near Vavenby. The project includes a 90,000 tonne-per-day open pit copper mine with a 25-year mine life.

The Yellowhead project increases Taseko’s - pipeline of global reserves to approximately 15 billion pounds of contained copper. With a significant amount of technical and environmental assessment work already completed, including a 2020 Technical Report, Taseko can advance the project with internal resources and minimal capital expenditures for the next few years.

Highlights

  • Large Undeveloped Asset: Proven and Probable Reserves of 817 million tonnes grading 0.29% copper equivalent*. 1
  • Total life of mine production in excess of 4.4 billion pounds of copper, 440,000 ounces of gold and 19 million ounces of silver
  • Pre-tax net present value of C$1.3 billion; Pre-tax internal rate of return of 18% with a 4.2 year payback (using long-term copper price of US$3.10 per pound, foreign exchange rate of US$0.80:C$1.00, and an 8% discount rate)

1.The Technical Report dated January 16, 2020 is available under Taseko’s profile on SEDAR (www.sedar.com).

Note: The content of webpage was reviewed by Richard Weymark P.Eng., Chief Engineer, and a Qualified Person under National Instrument 43-101.

*Copper Equivalent is based on 90% copper recovery, US$3.10/lb copper price, 56% gold recovery, US$1350/oz gold, 59% silver recovery, and US$18.00/oz silver price.


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