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    Duncan Hay's questions to Taseko Mines Ltd (TGB) leadership

    Duncan Hay's questions to Taseko Mines Ltd (TGB) leadership • Q4 2024

    Question

    Duncan Hay from Panmure Liberum asked about the performance of well drilling at the Florence project, specifically how costs and rates are tracking against forecasts, and also inquired about the plan to secure acid supply.

    Answer

    COO Richard Tremblay stated that drilling performance at Florence is strong and the team continues to find efficiencies. He confirmed that for the near term, Taseko will continue to use external drilling contractors before assessing the option to bring the activity in-house. The question on acid was a repeat of a prior question which had already been addressed.

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    Duncan Hay's questions to Caledonia Mining Corporation PLC (CMCL) leadership

    Duncan Hay's questions to Caledonia Mining Corporation PLC (CMCL) leadership • Q4 2024

    Question

    Duncan Hay sought more detail on the Bilboes concentrate sales scenario, asking about the strategic preference between securing a permanent export deal without a BIOX plant commitment versus compromising to advance the project sooner.

    Answer

    Executive Mark Learmonth explained that the government's typical approach is to allow concentrate exports for a limited period, such as two years, with a subsequent requirement to build a local beneficiation plant. However, he noted that there appears to be increasing pragmatism from the government on this issue, which the company will explore.

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