Florence Copper Project Construction Continues To Advance On Schedule

VANCOUVER - Taseko Mines Limited reported on the Florence Copper project in Florence, Arizona. Construction continues to advance on schedule and first copper production is still targeted before the end of 2025. Overall project completion was at 78% as of March 31, 2025. During the first quarter there were approximately 440 contract personnel on site and 230,000 project hours were worked. Total project hours to-date are roughly 670,000 and there have been no reportable injuries or environmental incidents.

Another significant recent milestone for Florence Copper is the authorization to reuse a portion of surplus process water from operations. Approximately 25% of the Florence Copper property is used for agriculture, and with the new permit, this excess process water will replace irrigation water that is currently drawn from other sources. This will result in more water available for other users in the project area.

Stuart McDonald, President & CEO, said, “After 15 months, construction progress continues to track to our original schedule. Wellfield drilling activity is now ramping down and will be completed on schedule in May, and we are steadily advancing towards first copper production later this year.   Construction expenditures have been in line with expectations and our previous capital cost guidance remains unchanged. The project is in great shape and Florence Copper will soon become a major new supplier of copper cathode for the US market. The project is uniquely positioned to produce and sell refined copper inside the United States and potentially benefit from premium COMEX copper pricing in the coming years.”