Latest True North Copper (Asx:Tnc) News

True North Copper has announced a significant new copper-cobalt-silver mineralised system at its Mt Oxide Project in Queensland, with initial drilling revealing high-grade zones starting near surface and open for expansion.

True North Copper’s latest drilling campaign at the Great Australia Mine reveals promising new copper-gold-cobalt mineralisation zones beyond existing resources, signaling potential for resource expansion and mine life extension.

True North Copper has identified multiple high-confidence Iron Oxide Copper-Gold drill targets at its Salebury Mineral System in Queensland, signalling potential resource growth in a world-class copper province.

True North Copper's recent Fixed Loop Electromagnetic survey at Wallace North has identified multiple promising copper-gold drill targets, signaling potential resource expansion and extended mine life within its Cloncurry Copper Project.

True North Copper has completed a significant drilling campaign at the Great Australia Mine and initiated a major exploration program at Mt Oxide, targeting new copper mineralisation outside existing resources.

True North Copper Limited reported a significant cash outflow in the December 2024 quarter, driven by high operating expenses linked to voluntary administration and exploration activities. Despite ending the quarter with $19.12 million in cash, the company’s negative operating cash flow signals ongoing financial pressure.

True North Copper has successfully recapitalised following voluntary administration, securing a strong balance sheet and pivoting to an aggressive exploration strategy at its key Queensland copper projects.

True North Copper Limited (ASX: TNC) has been reinstated to trading following the appointment of voluntary administrators, signaling a critical juncture for the copper miner’s future.

True North Copper has successfully completed a $53.44 million capital raising and debt restructuring, exiting voluntary administration and securing ASX reinstatement. The company shifts focus to exploration at Mt Oxide and Cloncurry, retracting prior production plans for the next 12 months.