Preservation Act (NHPA) section 106 process, a programmatic agreement has been executed by all required signatories, including the United States Environmental Protection Agency (EPA) and Taseko, regarding its Florence copper project in Arizona.
The agreement is now in effect and stipulates requirements for the treatment, handling, and protection of cultural resources on the Florence project site, in accordance with the NHPA. A draft of the deal was issued by the EPA in August 2022 for public comment and comments received were addressed prior to finalizing and executing the agreement.
Taseko president and CEO Stuart McDonald commented, “The signing of the programmatic agreement is an important step in the EPA’s permitting process, and an indication that the EPA is preparing to make a final decision on Florence copper’s underground injection control permit.”
Taseko reports a net present value of US$930M (after-tax, at an 8% discount rate) with an internal rate of return of 47% (after-tax) on measured and inferred resources of 363Mt grading 0.35% Cu.
Florence is a wholly owned in-situ copper recovery project, located midway between Phoenix and Tucson near the community of Florence, Arizona. Development of the project is being performed in two phases – the first phase is a production test facility, which is followed by the second phase commercial facility.
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