Taseko Mines (TKO) Corporate presentation summary

Strategic positioning and market outlook

• Focused on building a low-cost, multi-asset copper producer in North America, with operations in Canada and the US.

• Strong copper market fundamentals driven by electrification, renewable energy, and data center expansion.

• S&P Global projects a 50% increase in global copper demand by 2040, with a potential 10 million metric ton supply shortfall.

• Copper price outlook remains favorable due to limited new mine development, declining ore grades, and operational disruptions.

• Copper is recognized as a critical mineral essential for the energy transition and electric vehicle growth.

Asset portfolio and project development

• Gibraltar Mine: 100% owned, open-pit operation in British Columbia with 19-year mine life, annual production of 130M lbs, and cash costs of US$2.30/lb.

• Florence Copper Project: In-situ leach operation in Arizona, fully permitted, commissioning in progress, targeting first production in early 2026, with LOM cash costs of US$1.11/lb.

• Yellowhead Copper Project: Advanced-stage open-pit project in BC, 25-year mine life, after-tax NPV8 of C$2.0B, and annual production of 206M lbs in first five years.

• New Prosperity: One of the largest undeveloped copper-gold porphyries globally, with a recent agreement with the Tŝilhqot'in Nation and Province of BC.

• Aley Niobium Project: One of the world’s largest niobium deposits outside Brazil, with ongoing technical optimization and environmental assessment.

Financial profile and capital structure

• Market capitalization of C$3.6B, share price at C$10.10, and cash & equivalents of C$216M as of September 2025.

• Strong analyst coverage with target prices ranging from C$6.50 to C$12.75.

• Proforma balance sheet reflects equity financing and repayment of revolving credit facility; no major debt maturities until 2030.

• Mitsui partnership at Florence Copper provides US$50M in construction financing, with an option for further investment.

• Defensive hedging strategy in place to mitigate copper price volatility, with put options securing a floor price for near-term production.