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Taseko Mines Ltd.
Summary
| Project: | Florence | |
|---|---|---|
| Deposit: | Florence | |
| Location: | United States | |
| Commodities: | Copper | |
| Date: | 1/16/2017 | |
| Report Code: | NI43-101 | |
| Report Type: | PEA | |
| Project Stage: | Pursuing Resource Increase/Upgrade | |
| Report details: | 16-1-2017: Taseko Mines Ltd. announces a PEA report for its Florence deposit at the Florence project. Updated project economics + updated mineral reserve. The Florence Copper Project (“FCP”) presents a unique opportunity to construct a low upfront capital | |
| Resources: | (Reserve, Prob.): 345Mt @ 0.36% TCu for 2.473Blbs Cu contained at project | |
| CP/QP: | [Overall Report]: Dan Johnson (Internal) | |
| ABSTRACT: | The Florence Copper Project (“FCP”) presents a unique opportunity to construct a low upfront capital cost, low operating cost, refined copper producer in a secure mining friendly jurisdiction. This technical report has been prepared by Taseko Mines Limited, a producing issuer under NI 43-101. Taseko Mines Limited was incorporated on April 15, 1966, pursuant to the Company Act of the Province of British Columbia. This corporate legislation was superseded in 2004 by the British Columbia Business Corporations Act which is now the corporate law statute that governs Taseko. The purpose of this report is to document the updated Florence Copper project economics incorporating an optimized well development sequence, metallurgical test work completed since 2013 and accordingly adjusted ore reserve estimates as announced in Taseko’s News Release dated January 16, 2016 in the format prescribed in National Instrument 43-101, Form 43-101F1. The deposit consists of a large porphyry copper sulfide system overlain by a thick and intensely fractured oxidized layer. The oxidized zone is saturated with ground water that is separated from the upper drinking, agriculture, and industrial use aquifer by a thick layer of dense low permeability clay and separated from the deep groundwater by the relatively impervious sulfide system. This unusual, perhaps even unique, geological and hydrological combination makes the oxidized zone ideal for In Situ Copper Recovery (“ISCR”) method of extraction. | |
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