09/12/2025
Multiple IOCG Targets.
A stronger discovery pipeline.
A big step this week for our DISCOVER pillar, with new IOCG corridors defined across the Chumvale Region and the approval of the Alfreada licence application.
A meaningful consolidation of one of Cloncurry’s most prospective structural domains.
🔗 Read the full asx announcement here: https://tinyurl.com/5f856wv4
HIGHLIGHTS
– District-scale potential - across multiple structural corridors consistent with the geological frameworks hosting Ernest Henry and Rocklands.
– Strengthened position - a successful Chumvale tenure consolidation strengthens TNC’s position across one of the region’s most prospective deep-seated structural domains.
– Long-term IOCG exploration focus - reflecting the Company’s disciplined pursuit of large-scale opportunities that could, if present, deliver new stand-alone discoveries over a multi-year horizon.
– High-quality targets - the integrated interpretation of recently acquired drone magnetic surveys, historic geophysics, surface geochemistry, and drilling, which indicate several compelling exploration targets on the tenements.
MD & CEO, Andrew Mooney said:
"Chumvale has all the hallmarks of a district-scale setting, and consolidating the ground across its key corridors gives TNC a meaningful footprint in one of the region’s most compelling IOCG search spaces. It represents the type of disciplined pursuit that underpins our long-term strategy; the pursuit of large, stand-alone IOCG systems that could, if present, rival the scale of Ernest Henry or Rocklands.
As work progresses, these regional IOCG corridors will remain a central part of our DISCOVER pillar, complementing our near-term DEVELOP activities at the Cloncurry Copper Project and our medium-term GROW objectives at Mt Oxide."
