True North Copper Limited

ASX:TNC

True North Copper Limited

ASX:TNC
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$0.565 (+1.8%)
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#ASX Announcements
BeachRoad
Added 3 months ago
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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.


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