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May 22, 2024
True North Copper Limited (ASX: TNC) is pleased to present its investor presentation.
INVESTMENT HIGHLIGHTS
- Underwritten $24.27 million equity raising to fund TNC through to steady state production at the Cloncurry Copper Project (including contingency, working capital, and other corporate expenses), exploration growth strategy and strengthen financial position
- Positioned to be Australia’s next copper producer and critical metals supplier based in NW QLD
- Ready to execute mining restart at Cloncurry Copper Project - profitable operating platform
- Binding Offtake and Toll Milling agreements in place with global commodity trader Glencore
- Extensive exploration upside on Cloncurry and Mt Oxide tenements
- Copper sulphate production underway from existing stockpiled ore
TNC is primed to become Australia's next copper producer
Where We Operate
CLONCURRY COPPER PROJECT (100% TNC)
- Fully permitted for mining restart
- Existing infrastructure at the Great Australia Mine (GAM) includes oxide heap leach and solvent extraction plant, mining/support facilities and existing power
MT OXIDE (100% TNC)
- Highly prospective, underexplored mineral system
- Vero Resource extension potential to depth and along strike
Click here for the full ASX Release
This article includes content from True North Copper, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
TNC:AU
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