Taca Taca


Taca Taca, located in Salta, Argentina, is one of the largest undeveloped copper projects in the Americas, wholly-owned by First Quantum Minerals Ltd. (“First Quantum”) (TSX: FM). Taca Taca will consist of an open pit mine with a large 60 Mtpa processing plant expected to produce more than 275,000 tonnes of copper per year at its peak along with 106,000 ounces of gold and 2,205 tonnes of molybdenum. Taca Taca is expected to be a long-life asset with an initial 32-year mine life and an exceptionally large resource base providing a pre-tax net present value at an 8% discount rate of $3.4B and a 17.4% internal rate of return. Pre-development activities are ongoing including positive progress on water sourcing and power line development. An initial Environmental and Social Impact Assessment for the project was submitted in 2019 with final approval expected in 2024. First Quantum expect to make a development decision on Taca Taca in 2024.

Interest: 0.42% Net Smelter Return Royalty

Location: Salta Province, Argentina

Project Status: Development

Counterparty: First Quantum Minerals (TSX: FM)

For details please refer to the Amended and Restate NI 43-101 Technical Report for Taca Taca project by First Quantum Minerals dated March 2021 and First Quantum Minerals Q3 2023 MD&A.

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