
Company Highlights
- Tier 1 jurisdiction, Queensland-based copper and cobalt exploration and development company with a global measured, indicated and inferred resource containing: 336.2 kt copper, 21.89 kt cobalt, 88 koz gold, 4.31 Moz silver. Key projects located within Australia's Mt Isa Inlier region, home to some of the country's most well-known mining projects.
- Mt Oxide and Cloncurry Projects benefit from low capex, low-cost production.
- Cloncurry Project - producing copper sulphate, with a projected production of 10,000 to 15,000 tonnes per annum over a 10-year mine life. Exclusive offtake agreement for all Cloncurry-produced copper sulphate with Kanins International. Prices set at LME rate plus a premium.
- Mining restart studies for the Great Australia Mine finalised - Q3 2023. Mining recommencement decision - Q4 2023.
- Great Australia Mine drilling and exploration program - extended structurally controlled, down-dip feeder to mineralisation located beneath the GAM Pit, with notable intersections of copper mineralisation. IP survey conducted over the Greater Australian Target identified four high-order IP chargeability anomalies, with compelling targets for future drill testing.
- Mt Oxide Project’s Vero Resource contains 15.98 Mt at 1.43 percent copper and 6.91 g/t silver combined measured, indicated and inferred resource, and a separate 9.15 Mt at .23 percent cobalt total combined measured, indicated and inferred resource.
- First hole of an initial diamond drilling program at Vero Resource intersected 66.5 meters at 4.95 percent copper. Assay results returning throughout Q3 2023.
- Strong ESG focus across all operational elements including:
- Hitachi Vantara partnership to improve transparency and data capture while realising business savings through artificial intelligence.
- Leveraging the Queensland government's Powerlink-led CopperString 2032 project, which is situated less than 5 kilometres from the Cloncurry project. Rehabilitated TNC mining landforms are being transformed into renewable solar energy sources and will feed into the CopperString network.
Image 1: Visual representation of Mt Oxide Project and Cloncurry Project tenements and resources summary
CEO Interviews
Press Releases
INNspired
Overview
True North Copper (ASX:TNC) is a responsible explorer, developer and producer of critical minerals.
Based in a tier-one mining jurisdiction (North Queensland, Australia), TNC is focused primarily on copper and cobalt, with its most significant projects – Mt Oxide and Cloncurry – located within the Mt Isa Inlier region, home to several world-class critical minerals projects.
The company’s global measured, indicated and inferred resources contain: 336,200 tonnes copper, 21,890 tonnes cobalt, 88,000 oz gold, 4.31 million ounces (Moz) silver.
TNC commenced trading on the Australian Stock Exchange mid-June 2023, following a reverse takeover merger with exploration company Duke Exploration in February 2023.
*Disclaimer: This profile is sponsored by True North Copper ( ASX:TNC ). This profile provides information which was sourced by the Investing News Network (INN) and approved by True North Copper in order to help investors learn more about the company. True North Copper is a client of INN. The company's campaign fees pay for INN to create and update this profile.
INN does not provide investment advice and the information on this profile should not be considered a recommendation to buy or sell any security. INN does not endorse or recommend the business, products, services or securities of any company profiled.
The information contained here is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. Readers should conduct their own research for all information publicly available concerning the company. Prior to making any investment decision, it is recommended that readers consult directly with True North Copper and seek advice from a qualified investment advisor.