This announcement proceeded a jump in TNC SP which had been sliding:

Aquila reaches 900m strike as Mount Oxide continues to grow

True North Copper (ASX:TNC) has released further significant drilling results from the Aquila Discovery at Mount Oxide, with the deposit now reaching over 900 metres of strike length and emerging as comparable in scale to our existing Vero deposit.

DISCOVERY SCALE

Aquila has reached 900m+ strike length with multiple high-grade shoots now defined. This puts it on par with the Vero deposit (~1,000m strike, 15.03Mt @ 1.46% Cu indicated and inferred resource), reinforcing Mount Oxide as a multi-deposit copper district in the world-class Mt Isa Inlier.

LATEST DRILLING RESULTS

• MOX260 – 32 m @ 1.02% Cu, 0.17% Co, 4.4 g/t Ag from 109 m including:
• 6 m @ 3.56% Cu, 0.60% Co, 11.5 g/t Ag from 122 m.
• MOX259 – 31 m @ 0.57% Cu, 0.15% Co, 4.5 g/t Ag from 89 m including:
• 5 m @ 2.10% Cu, 0.65% Co, 14.0 g/t Ag from 114 m.

Two distinct high-grade shoots have now been delineated:

Northern shoot: ~250m long, open at depth

Southern shoot: ~150m long, steeply plunging, open at depth. MOX260 and MOX259 form part of the southern shoot, within the wider mineralised zone.

Initial southern drilling, despite suboptimal collar positions and hole angles, confirmed the system extends southward and has defined improved locations for follow-up drilling in 2026 and targeting of potential high-grade shoots.

FROM OUR MANAGING DIRECTOR, ANDREW MOONEY

"It's becoming increasingly clear that we're onto something big here at Aquila, with the potential to exceed the scale and quality of our existing high-grade Vero Resource at Mt Oxide."

PENDING RESULTS AND 2026 PROGRAM

Four drillholes remain pending at Aquila, with results to be released as received, likely early December. Assay results from a further four holes into nearby trends are also expected December to January.

Planning is underway for a 2026 extensional program targeting Aquila North, South, depth extensions, and additional high-priority targets along strike to continue growing Mount Oxide.

Full ASX announcement: https://investors.truenorthcopper.com.au/pdf/97426059-fd0a-472d-a41b-7ef828341832/Aquila-reaches-900m-strike-as-Mount-Oxide-continues-to-grow.pdf

True North Copper (ASX: TNC)

Summary of Announcement

Wallace North (Cloncurry Copper Project, QLD)

• Recent drilling has extended copper-gold mineralisation beyond current resource boundaries.
• Notable intercepts include 19m @ 2.18% Cu and 1.76 g/t Au (3.97% CuEq.), but while encouraging, these results remain early-stage and require further systematic drilling.
• The company is positioning Wallace North as a potential copper-gold production hub, but this will depend on resource upgrades, economic studies, and funding.

Mt Oxide (Aquila, Vero, Rhea – QLD)

• Phase 1 drilling confirmed Aquila as a large-scale, depth-persistent copper-cobalt-silver system (+420m depth, ~100m width).
• Extensions were also noted at Vero and new targets at Rhea.
• Phase 2 drilling is underway, but results are still preliminary, and the economic viability of these deposits remains untested.