Taseko Mines (TKO) Corporate presentation summary

Strategic positioning and market outlook

• Focused on building a multi-asset, low-cost copper producer in North America, with operations in British Columbia and Arizona.

• Copper demand projected to rise 50% by 2040, driven by electrification, renewables, and data centers.

• Supply constraints and long mine development timelines support a strong long-term copper price outlook.

• Copper is recognized as a critical mineral for the energy transition by major economies.

Core operating assets and financial performance

• Gibraltar Mine: 19-year life, 130M lbs annual copper production, cash costs of US$2.30/lb, NPV8 after-tax C$3.4B.

• Florence Copper: In-situ leach mine, 22-year life, 85M lbs annual production, cash costs US$1.11/lb, NPV8 after-tax US$930M.

• Gibraltar now 100% owned after acquiring minority interests, boosting attributable production and cash flow.

• 2025 Adj. EBITDA C$230M, cash flow from operations C$220M; highly sensitive to copper price movements.

Project pipeline and growth initiatives

• Yellowhead Copper: 25-year mine life, 4.4B lbs recoverable copper, after-tax NPV8 C$2.0B at US$4.25/lb, environmental assessment underway.

• New Prosperity: One of the largest undeveloped copper-gold porphyries, 33-year mine life, recent agreement with Tŝilhqot'in Nation and BC government.

• Aley Niobium: Large niobium deposit, after-tax NPV8 C$480M, 24+ year mine life, in environmental assessment.