Profile: Taseko Mines Limited (TGB)

Taseko Mines Limited (Taseko), incorporated on April 15, 1966, is a mining and mineral exploration company. The Company has one operating mine and three exploration projects, all located in British Columbia, Canada, which includes Gibraltar copper-molybdenum mine, the Prosperity gold-copper property, the Harmony gold property, and the Aley niobium property. On May 2, 2008, Taseko completed the acquisition of Oakmont Ventures Ltd.

Gibraltar Mine

The Gibraltar Mine site covers approximately 109 square kilometer (km). The Gibraltar Mine property consists of 249 tenures held 100% by the Company. There are 30 mining leases at Gibraltar mine. During the year ended December 31, 2008, the mill expansion was completed, which includes 34’ diameter Semi-Autogenous Grinding (SAG) mill, conversion of the rod and ball mill circuit to ball mill grinding only, and replacement of rougher and cleaner flotation cells with large cells. The rated throughput capacity increased from 36,000 tons per day to 46,000 tons per day. The Gibraltar Mine mineral claims cover an area of gentle topography, local relief is in the order of 200 meters. The plant site is located at an elevation of approximately 1,100 meters above sea level. The Gibraltar Mine generally consists of seven separate mineralized zones, which includes Pollyanna, Granite, Connector, Gibraltar East, Gibraltar West, and Gibraltar West Extension.

Pyrite and chalcopyrite are the principal primary iron and copper sulphide minerals. Sixty percent of the copper occurs in fine-grained chalcopyrite. Coarser grained chalcopyrite also occurs, usually in quartz veins and shear zones. Small concentrations of bornite (a sulphide mineral of copper and iron), associated with magnetite and chalcopyrite, is present on the extremities of the Pollyanna and Sawmill deposits. Oxide copper mineralization is also present between the Gibraltar East and Pollyanna open pits in the Connector Zone. Molybdenite (molybdenum sulphide mineral) is a minor but economically important associate of chalcopyrite in the Pollyanna, Granite, and Sawmill deposits. The Gibraltar Mine is a typical open pit operation that utilizes drilling, blasting, cable shovel loading, and large-scale truck hauling to excavate rock.

Prosperity Project

The Prosperity project consists of 124 mineral claims covering the mineral rights for approximately 121 square km. The property is located in the Clinton Mining Division, approximately 125 kilometers southwest of the City of Williams Lake, British Columbia. The Prosperity Project hosts porphyry gold-copper deposit. Pyrite and chalcopyrite are the principal sulphide minerals in the deposit. They are uniformly distributed in disseminations, fracture fillings, veins, and veinlets and may be accompanied by bornite and lesser molybdenite and tetrahedrite-tenantite. Native gold occurs as inclusions in and along microfractures with copper-bearing minerals and pyrite.

Harmony Project

The Harmony Gold Project is located in the Skeena Mining Division, on Graham Island, Queen Charlotte Islands (also known as Haida Gwaii), on the northwestern coast of British Columbia, Canada. The Harmony project comprises of 58 mineral claims and 177 square km. The Harmony project hosts the Specogna epithermal gold deposit, controlled by the Sandspit fault.

Aley Niobium Project

The Aley Niobium Project is located in the Omineca Mining Division in British Columbia, Canada. It consists of 13 contiguous claims that cover 5,668 hectares.