Taseko's Florence project achieves milestone

Following receipt of all necessary state and federal operating permits, wellfield operations were commenced and injection and recovery systems have now been fully ramped up at Taseko Mines’ Florence in-situ copper recovery project in central Arizona, US
Taseko's Florence project achieves milestone Taseko's Florence project achieves milestone Taseko's Florence project achieves milestone Taseko's Florence project achieves milestone Taseko's Florence project achieves milestone

The Florence copper project test facility well-field, including four injection wells and nine recovery wells

Following an initial leaching period, leach solutions are flowing at expected levels and copper has been detected in solutions recovered from process sample wells.

Russell Hallbauer, president and CEO of Taseko, commented: "Our preliminary tracer tests of the wellfield in the [September] quarter 2018 exhibited robust percolation rates through the orebody. These results were as good as, and in some cases better than, modelled in the 2017 technical study. The rate at which the dissolved copper is increasing in the leach solution further confirms historical test work and technical data."

He added: "We have always taken a disciplined and measured approach with all of our capital projects. We perform the necessary work to ensure our projects are technically sound, that we understand our capital commitments and that the environment is protected. While it has taken us some time to get to this point with Florence, the additional time taken will ensure that the project generates strong returns for our shareholders and protects the environment to the highest standards for the local community."