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Yellowhead

Yellowhead Project Map

Yellowhead has the potential to be one of the most significant copper mines in North America. Its future development would dramatically increase Taseko’s annual copper production and cash flow.

Located in the Thompson‐Nicola region of British Columbia, approximately 150 km north‐east of Kamloops near Vavenby, the Yellowhead Project is envisioned as a 90,000 tonne-per-day open pit copper mine with a 25-year mine life.

Including Yellowhead, Taseko’s total proven and probably mineral reserves contain a total of 15 billion pounds of copper.

Taseko is currently preparing the Yellowhead Project for the Environmental Assessment (EA) process, which will commence with the submission of an Initial Project Description. The Company will advance the project with internal resources and minimal capital expenditures over the next several 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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