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Taseko Announces Permitting Success and Board Approval for Construction of Florence Copper Test Facility
Taseko Announces Permitting Success and Board Approval for Construction of Florence Copper...
About this update from Taseko Mines Limited
[{"type":"text","content":"\n\n\n\nTaseko Announces Permitting Success and Board Approval for Construction of Florence Copper Test Facility\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n.prntal{\nTEXT-ALIGN: LEFT\n}\n\n\n\n\n\n\n\nCanada NewsWire\nVANCOUVER, Sept. 25, 2017\n\n\n\nVANCOUVER, Sept. 25, 2017 /CNW/ - Taseko Mines Limited (TSX: TKO; NYSE American: TGB) (\"Taseko\" or the \"Company\") announces that the Environmental Appeals Board (EAB) of the Environmental Protection Agency (EPA) has issued an order denying any further review of the Underground Injection Control (UIC) Permit granted in 2016 for Taseko's Florence Copper Project. In the September 22, 2017 decision, the EAB found that the petitioners failed to demonstrate any errors were made in issuing the federal permit.\n\nCoinciding with this permitting decision, Taseko's Board of Directors has given management approval to move forward with the construction of a Production Test Facility (PTF). Estimated remaining costs to construct the PTF are US$25 million.\n\n\"We are very pleased with the Environmental Appeals Board decision, which is another significant milestone for our Florence Copper Project. We now have all necessary state and federal permits in place to build and operate the PTF,\" commented Russell Hallbauer, President and CEO of Taseko.\n\n\"Our Board of Directors, after a thorough review of current market conditions, the Company's financial position and the status of permitting in Arizona, have endorsed management's view that the best course of action is to accelerate the construction of the PTF,\" continued Mr. Hallbauer. \"Over the past year, Florence personnel have been advancing on-the-ground activities and have spent roughly US$4 million specific to the PTF.  With major components already on site, the timeline to having the test facility operational is in the latter half of 2018 and involves the construction of an SX/EW facility and the drilling of observation, injection and recovery wells.\"\n\n\"At US$4,700 per ton of installed capacity, Florence Copper is one of the lowest capital intens...