Timeline of Florence Copper

Timeline

1969
Copper Discovered

Copper discovered on the Florence Copper site after a geologist from American Smelting & Refining Co. (ASARCO) sees evidence of mineralization on nearby Poston Butte Mountain.

1970
Mining Explored

Continental Oil Company (Conoco) investigates developing the Florence Copper deposit using traditional mining methods, constructing two 700-foot shafts and one mile of underground cross-cuts (horizontal tunnels). On-site testing shows the deposit’s unique hydrogeological conditions make traditional mining unfeasible.

1992
Magma Copper Company

1992 to 1996: Florence Copper property acquired by Magma Copper Company. Magma evaluates potential for in-situ copper recovery (ISCR) operations.

1996
BHP Copper

1996 to 1998: Magma acquired by BHP Copper. BHP conducts geological and hydrological test work and initiates an ISCR pilot test, including installation of 67 injection, production and monitoring wells. ISCR is proven to be safe and effective.

2000
BHP Defers Mining Operations

2000: BHP defers mining operations due to low metal prices. Property acquired by Merrill Ranch Investments LLC.

2009
Curis Resources

2009-2010: Mineral exploration and development company Curis Resources acquires the Florence Copper property. A project team is assembled to advance the project toward development.

2011
Permitting & Engineering

2011-2014: Curis undertakes engineering programs, environmental studies, and community engagement in support of project permitting.

2014
Taseko Mines

2014: Curis acquired by Vancouver-based copper miner Taseko Mines Limited.

Advanced Permitting

2014-2017: Florence Copper team advances federal and state permitting for ISCR project.

2017
Production Test Facility

2017: Construction of Production Test Facility (PTF) begins.

2019
First Copper Cathode Produced

2019: Florence Copper PTF achieves first copper cathode production using ISCR.

Over One Million Pounds of Copper

2019-2023: Over one million pounds of copper cathode produced under PTF. Advanced permitting of commercial facilities continues.

2023
Major Permits Finalized

2023: Major permits finalized, and preparation for construction of commercial operations begins.

2025
Commercial Production Facilities Finalized

2025: Construction of commercial production facilities finalized, and commercial wellfield operations commenced.

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