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Taseko Mines Ltd
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Close 2019-06-13 C$ 0.63
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Taseko has court OK to begin work at New Prosperity

2019-06-13 20:10 ET - News Release

Mr. Russell Hallbauer reports


The Supreme Court of Canada (SCC) has cleared the way for Taseko Mines Ltd. to undertake geotechnical work at the company's New Prosperity gold-copper project near Williams Lake, B.C.

The SCC, Canada's highest legal authority, has spoken. It has dismissed the Tsilhqot'in First Nation application to appeal an earlier judgment by the B.C. Supreme Court and by the B.C. Court of Appeal, and in doing so, it has also confirmed the resilience of British Columbia's current mine permitting process.

"Getting permission to mine in British Columbia may be difficult, but it's not impossible. It just takes patience," said Russell Hallbauer, president and chief executive officer of Taseko. "The SCC decision is clear. Provincial permits authorizing mineral exploration and development can, if done with care and consideration, withstand any possible legal challenge.

"For New Prosperity, this is an important point in time. The law has been tested at the highest levels, the legal challenges are over, the permit is sound, [and] the work can and will proceed. What this ruling does mean is that we are taking the steps necessary to get closer to the day when such a decision can be made to build New Prosperity," continued Mr. Hallbauer.

"The New Prosperity deposit is rare, the largest undeveloped copper-gold deposit in Canada, and easily among the top 15 in the world. It can be a powerhouse for economic change in British Columbia's Central Interior. It can be a positive game changer for first nations as well. With B.C. lumber manufacturers closing mills and curtailing operations, potential mines like New Prosperity offer renewed hope and opportunity, especially for the people of the Central Interior. People should never give up on its potential, nor the value and opportunity it can deliver to all the people of B.C.," concluded Mr. Hallbauer.

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