Significant Resources
Kostuik says Taseko is in a good position to grow in the future. Although he calls it a smaller company compared to the major players in the industry, he believes the many projects it has in the pipeline set it apart from its peers.

“We have significant mineral resources here at Gibraltar that we can add to,” he says. “In addition to building brand-new mines, we have the advantage of increasing the production of our existing mine.”

Taseko owns several properties throughout British Columbia, including:

• Prosperity – one of the largest undeveloped copper-gold deposits in Canada;
• Aley – an early stage niobium deposit. Niobium is a metal used to create high-strength alloys; and
• Harmony – home to a large gold deposit.
  

Prosperity Prospects
The Prosperity project is in the environmental assessment and permitting stage and the company is hoping to begin construction of the mine in the summer of 2009.

The project is located 120 miles south-west of the Gibraltar mine in an area very conducive to mining operations.

Taseko believes Prosperity will have a significant impact on the firm’s position in the industry.

“We have targeted Prosperity as a project that holds exciting potential for increasing shareholder value,” the company explains. “Development of this large-scale deposit will be a major step toward transforming Taseko into a mid-tier mining company.”

Aley Opportunities
In November 2007, Taseko announced its acquisition of the Aley niobium project in northern

British Columbia.
The company says the size of the mine could support production of 8 million to 12 million pounds of niobium annually.

“With worldwide niobium consumption growing significantly every year, acquiring the Aley deposit was, in our view, a very strategic acquisition as Taseko moves to broaden its mineral base,” President and CEO Russell Hallbauer said in a statement.