Taseko Mines Limited · TSX:TKO

Taseko Mines — Corporate Update (October 2023)

22 slides from Taseko Mines's corporate update, October 2023

  1. Slide 1: Gibraltar Mine Overview Presentation

    GIBRALTAR MINE OVERVIEW PRESENTATION

  2. Slide 2: Land Acknowledgement

    Land Acknowledgement Gibraltar Mine Site We would like to begin by acknowledging that the land on which we gather is the traditional territory of the Secwépemc and Tŝilhqot’in Peoples; specifically, the territories of the Xatśūll and ?Esdilagh First Nations. 2

  3. Slide 3: Agenda

    Agenda Gibraltar Mine Overview Mine Tour • Gibraltar East Pit • In-pit Crusher Lunch Mill 1 Tour Discussion (time permitting) 3

  4. Slide 4: Employee Health and Safety Statistics

    Employee Health and Safety Statistics Gibraltar Combined MA/LTI Frequency Rate* 8.00 7.36 6.75 7.00 5.81 6.00 5.00 5.00 4.01 4.20 4.00 3.04 2.80 3.14 2.97 2.76 2.87 2.90 2.84 2.71 3.00 1.99 1.85 2.00 1.53 1.00 0.70 0.00 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020

  5. Slide 5: Mine

    Gibraltar Mine Gibraltar Combined MA/LTI Frequency Rate* 5

  6. Slide 6: Mine Site Overview

    Gibraltar Mine Site Overview 6

  7. Slide 7: Mine – Current Mining Activity

    Gibraltar Mine – Current Mining Activity Connector Pit Gibraltar East Pit Granite Pit 7

  8. Slide 8: Active Mine Fleet

    Gibraltar Mine Active Mine Fleet Haul Trucks (24): • 24 x Komatsu 930E, 320 ton capacity Shovels (4): • 2 x Bucyrus 495R • 1 x P&H4100 • 1 x P&H2800 Production Loaders (2): • 1 x WA1200 • 1 x CAT 994K Drills (5): • 3 x P&H320 • 2 x Bucyrus 49H Employees • Approximately 700 People 8

  9. Slide 9: Third Quarter Production

    Gibraltar Mine Third Quarter Production Copper produced: 35 million pounds Molybdenum produced: 369 thousand pounds Increase quarter-over-quarter production a result of higher grades, improved recoveries and increased mill throughput. 40 400 Molybdenum Production (Klbs) 30 300 Copper Production (Mlb

  10. Slide 10: Pit Dewatering

    Gibraltar Pit Dewatering Gibraltar East Pit Pumping 44M m³ water pumped to Granite Pit • Equivalent to half of the volume of Williams Lake 550 feet of water elevation dropped 50+ pump moves 28 months of operation 10

  11. Slide 11: Mine – 2024

    Gibraltar Mine – 2024 Gibraltar Pit main ore feed through Q3 2024 Transition to Connector Pit as main ore source Q4 2024 Gibraltar East Pit Connector Pit Crusher move occurs mid-2024 Grades in 2024 expected to be similar to 2023 Granite Pit Throughput in 2024 will be impacted by major component repl

  12. Slide 12: Geology – Grade Control

    Geology – Grade Control Alternative blasthole sampling methods reviewed • Trench sampling program wrap up − 981 trench samples taken • Auger sampling program initiated in March − Auger sampling halted in June Blast movement studies initiated • Orica (OrePro 3D) - blast movement prediction modelling

  13. Slide 13: Infill and Connector Geometallurgical Modelling

    Geology Infill and Connector Geometallurgical Modelling Completed 9,475 total feet of infill diamond drilling • 2 Gibraltar holes, 9 Connector holes • Connector drilling focused on 2024 ore 2023- 2023- Completed 2,450 total feet of infill 001 007 RC drilling 2023- 2023- 008 004 • 3 Gibraltar holes,

  14. Slide 14: MineSense – ShovelSense

    MineSense – ShovelSense S2 and S3 equipped with ShovelSense Used to help prioritize highest grade ore to be delivered to the Mill 14

  15. Slide 15: Geotechnical Tools

    Gibraltar Mine Geotechnical Tools Ground Probe Radar – scans the walls every 10 minutes, gives real time velocity and deformation Robotic Total Station (RTS) – surveys prisms every 60 minutes, gives real time velocity and 3D movement Alarms automatically emailed 24/7 – if radar or prisms trigger ala

  16. Slide 16: Advanced Analytics – “Recommender”

    Advanced Analytics – “Recommender” What is it? • Automated software pipeline that ingests mine and plant data to model and optimize Copper recovery • Two user interfaces: − Ore dashboard – tool to provide real-time estimates of ore qualities to flotation operators − Recommender – tool to provide set

  17. Slide 17: Water Management

    Water Management Reverse Osmosis Water Treatment Plant Permitting • Draft permits from EMLI and ENV received • Comments provided back to EMLI and ENV on draft permit conditions • Final permit expected in October In-situ Water Treatment at the Tailings Storage Facility • Authorization received from E

  18. Slide 18: Environment

    Environment We work hard to protect the environment and always strive to act with care and sensitivity towards our surroundings. Gibraltar take this responsibility seriously and are dedicated to environmental stewardship. 18

  19. Slide 19: Wildlife Protection

    Wildlife Protection 19

  20. Slide 20: Jake McDonald Mine Reclamation Award

    Jake McDonald Mine Reclamation Award Gibraltar Mine was the 2020 Recipient Awarded by the British Columbia Technical and Research Committee, the award recognized Gibraltar’s outstanding achievement in mine reclamation and indigenous collaboration. 20

  21. Slide 21: Community & Indigenous Relations

    Community & Indigenous Relations Part of the Cariboo Community for more than 40 years … and will continue to be for decades to come. 21

  22. Slide 22: Tasekomines.com

    Tasekomines.com

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