Taseko Mines Limited · TSX:TKO
Taseko Mines — Shareholder Meeting (June 2013)
24 slides from Taseko Mines's shareholder meeting presentation, Jun 6, 2013
Slide 1: Building Value Through Operating and Developing Major Mining Projects
Taseko Annual General Meeting Building Value Through Operating and Developing Major Mining Projects June 6, 2013 1
Slide 2: Forward Looking Statement
Forward Looking Statement Some of the statements contained in the following material are "forward-looking statements". All statements in this release, other than statements of historical facts, that address estimated mineral resource and reserve quantities, grades and contained metal, and possible f
Slide 3: Taseko: 2006 – 2012
Taseko: 2006 – 2012 Taseko then… $100 million market capitalization $40 million of shareholder equity 25% of Gibraltar sold to Single asset company Japanese consortium for 40-month mine plan $187 million New Prosperity enters federal EA GDP1 is completed Provincial EA certificate process and begins
Slide 4: Diversified Asset Base
Diversified Asset Base Aley (Nb) Metallurgical testwork nearly complete Gibraltar (Cu-Mo) British Feasibility Study to be 165 M lbs annual production complete in 2013 25 Year Mine life Columbia Currently ramping up GDP3 Aley Mackenzie New Prosperity (Cu-Au) Undergoing Canadian Environmental Assessme
Slide 5: Gibraltar Copper/Moly Mine
Gibraltar Copper/Moly Mine Canada’s Second Largest Open-Pit Copper Mine Location: 65 km north of Williams Lake, British Columbia Ownership: 75% 4.1 billion pounds recoverable copper Mineral Reserves: 62 million pounds recoverable molybdenum Reserves Update (Dec 2012): 770m tons at 0.34% copper equiv
Slide 6: Gibraltar Copper/Moly Mine: Then and Now
Gibraltar Copper/Moly Mine Then and Now 6
Slide 7: GDP3 – Completed On Time and On Budget
Gibraltar Copper/Moly Mine GDP3 – Completed On Time and On Budget 50% capacity increase from construction of a new concentrator and molybdenum plant Mine now feeds two independent copper concentrators, providing increased operational flexibility Simple payback of three years, based on a C$1.50/lb ma
Slide 8: GDP3 – Completed On Time and On Budget
Gibraltar Copper/Moly Mine GDP3 – Completed On Time and On Budget 34’ SAG Mill 8
Slide 9: GDP3 – Completed On Time and On Budget
Gibraltar Copper/Moly Mine GDP3 – Completed On Time and On Budget 20’ Ball Mill 9
Slide 10: GDP3 – Completed On Time and On Budget
Gibraltar Copper/Moly Mine GDP3 – Completed On Time and On Budget 160m3 Float Circuit 10
Slide 11: Mine Productivity
Gibraltar Copper/Moly Mine Mine Productivity Tons Mined per Day 350,000 2013 Target 280,000 Tons Mined/day 210,000 140,000 70,000 0 2009 2010 2011 2012 Q1 2013 11
Slide 12: Haul Truck Productivity
Gibraltar Copper/Moly Mine Haul Truck Productivity Tons per Gross Operating Hour 900 2013 Target 600 Tons/GOH 300 0 2009 2010 2011 2012 Q1 2013 12
Slide 13: Manpower Productivity
Gibraltar Copper/Moly Mine Manpower Productivity Expit Tons per Manhour 300 2013 Target 200 Expit Tons/Manhour 100 0 2009 2010 2011 2012 Q1 2013 13
Slide 14: Mining Costs
Gibraltar Copper/Moly Mine Mining Costs Cost per Ton Mined $1.80 Mine Maintenance Mine Operations $1.50 2013 Target $1.20 C$/ton $0.90 $0.60 $0.30 $0.00 2009 2010 2011 2012 Q1 2013 14
Slide 15: Annual Mill Throughput
Gibraltar Copper/Moly Mine Annual Mill Throughput Tons Milled 30 2013 Target 25 Tons Milled (millions) 20 15 10 5 0 2009 2010 2011 2012 2013 15
Slide 16: Daily Mill Throughput
Gibraltar Copper/Moly Mine Daily Mill Throughput Tons Milled per Day 90,000 Tons per Operating Day Tons per Calendar Day 2013 Target – Calendar Day 60,000 Tons Milled/day 30,000 0 2009 2010 2011 2012 Q1 2013 April May 16
Slide 17: Copper Production
Gibraltar Copper/Moly Mine Copper Production Total Copper Production 150 2013 Target 120 Pounds of Copper (millions) 90 60 30 0 2009 2010 2011 2012 2013 17
Slide 18: Participation and Cooperation Agreement with Williams Lake Indian Band
Gibraltar Copper/Moly Mine Participation and Cooperation Agreement with Williams Lake Indian Band The purpose of the agreement is to enhance understanding, communication and cooperation between the parties Aligned interests will ensure Gibraltar continues to generate local value and opportunity Agre
Slide 19: New Prosperity
New Prosperity One of the Largest Gold/Copper Porphyries in the World Location: 125 km south west of Williams Lake, British Columbia Ownership: 100% 7.7 million ounces recoverable gold Mineral Reserves: 3.6 billion pounds recoverable copper Mine Type: Open-pit, 70,000 tpd mill throughput Mine Life:
Slide 20: Aley Niobium Project
Aley Niobium Project Accretive Development Opportunity Location: Northern British Columbia Ownership: 100% Mine Type: Open Pit, 10,000 tpd mill throughput Mine Life: +20 years Project Highlights 739 million kilograms of contained niobium* 2nd largest niobium deposit in the world Open pit, bulk minin
Slide 21: Significant Intrinsic Value
Significant Intrinsic Value Asset Valuation ($m) Mineral Assets Gibraltar – After Tax (75%) $ 1,000 Prosperity – After Tax (100%) $ 2,320 Aley (100%) $ 270 Harmony (100%) $ 195 Mineral Assets Total $ 3,785 Financial Assets Cash & Cash Equivalents $ 89 Long-term Debt $ (243) Financial Assets Total $
Slide 22: Taseko's Project Pipeline
Taseko’s Project Pipeline 2011 2012 2013 2014 2015 Gibraltar Operations Operations GDP3 - 2011 Engineering Construction Operations New Prosperity EA/Permitting Engineering Operations Construction Aley Feasibility EA/Permitting Engineering Other Project(s) Acquisition Feasibility 22
Slide 23: Taseko's Growth Strategy
Taseko’s Growth Strategy Maximize Gibraltar Grow revenue through the recently completed GDP3 Project Cash Flow Enhance operating margins with profit improvement program Invest in Diversified Use free cash flow generated by Gibraltar to support near-term Project Pipeline projects: Aley Niobium Proj
Slide 24: Q & A Thank You
O&A Thank You Taseko>