https://www.truenorthcopper.com.au/

True North Copper, Great Australia Mine, Round Oak Road, Cloncurry (2026)

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."

08/12/2025

Capital secured to accelerate growth.

“We’re extremely encouraged by the strong backing from new and existing shareholders, which enables us to accelerate growth across all three pillars of our strategy.”
– Andrew Mooney, Managing Director & CEO

A significant step forward this week as we close a heavily oversubscribed $12.5m placement to accelerate drilling and growth activities in 2026, with a clear focus on Mt Oxide and our emerging Aquila discovery.

The raise strengthens our capacity to move with discipline and pace across our staged growth strategy.

At a glance:
• $12.5m raised at $0.50 per share (25m shares).
• Backed by major shareholders Tembo Capital Management Ltd and Chairman Paul Cronin.
• New institutional investors added to the register.
• Tranche 1: 17.4m shares / $8.7m.
• Tranche 2: 7.6m shares / $3.8m, subject to approvals.

Funds will directly advance our three-phase growth strategy:
DEVELOP – Cloncurry Copper Project
GROW – Our flagship Mt Oxide project
DISCOVER – Regional targets with tier-1 potential

A disciplined raise aligned to a clear, deliberate path forward.

We know where we’re headed.

👉 https://tinyurl.com/yn6bz3ye

24/11/2025

Mt Oxide Keeps Growing

Aquila has pushed past 900 m of strike at Mt Oxide, with new holes confirming multiple high-grade shoots and scale now comparable to Vero.

Strong growth momentum across the corridor.

This round delivered:
– 32 m @ 1.02% Cu (incl. 6 m @ 3.56% Cu)
– 31 m @ 0.57% Cu (incl. 5 m @ 2.10% Cu)
– Two shoots now defined and open
– Clear drill positions mapped for 2026
– Further assays due December–January

Aquila is shaping as a district-scale copper system within a rapidly expanding Mt Oxide footprint.

Read the full ASX Release 👉 https://tinyurl.com/5ahebet9

17/11/2025

Mt Oxide takes a major step forward.
7 m @ 7.9% Cu at Mount Oxide’s new Aquila Discovery.

This is the strongest intercept yet at Aquila and another clear signal that Mt Oxide is advancing as a critical part of our GROW pillar within TNC’s three-stage growth strategy.

Aquila continues to expand with grade, scale and continuity across a now-defined 700 m mineralised corridor that remains open in all directions.

“These are the kind of results an exploration geologist can spend a career looking for,” said CEO Andrew Mooney.

Highlights (succinct):
• 7 m @ 7.9% Cu within 33 m @ 2.83% Cu and 59 m @ 1.77% Cu (MOX255).
• High-grade repeat confirmed: 8 m @ 2.71% Cu (MOX256).
• Northern strike extended a further 200 m; total strike now 700+ m.
• Clear high-grade shoot zones emerging within a continuous Cu-Co-Ag system.
• System scale comparable to major Mt Isa Inlier deposits.

Results from the completed Phase 2 program will directly inform the detailed design of the next drilling campaign. Follow-up drilling will target extensions beneath the indicated high-grade shoots, including the zones defined in MOX231, MOX232 and MOX255.

Mt Oxide continues to strengthen as Queensland’s next copper growth opportunity.

We know where we’re headed.

Read the full ASX Announcement 👉 https://tinyurl.com/ye64ft84

12/11/2025

A clear map, a staged path, a focused trajectory.

This week, we're at the Noosa Mining Investor Conference sharing how True North Copper are shaping Queensland’s next copper growth opportunity.

We've mapped it out through a staged, deliberate path to value:

1. DEVELOP near-term cashflow
The Cloncurry Copper Project is more than a near-term asset. It is the operational foundation of our enterprise. With a growing resource, scalable infrastructure, and hub-and-spoke design, we are progressing from study to start line.

2. GROW Mount Oxide
The Vero Resource gives us a strong base. The Aquila Discovery opens the door to district-scale potential. This is not just about expansion. It is about activating the second engine in our growth system.

3. DISCOVER regional targets
Our eyes are on province potential. Salebury and Chumvale are early signals of tier-1 scale.

Our mission is not just more copper.
It's to unlock the next Ernest Henry from first principles.
This is the kind of growth that demands clarity, patience, and precision.

An updated investor presentation is live 👉 https://tinyurl.com/s2e6mne6

04/11/2025

400m strike extension confirmed.
North of the Aquila Discovery area.

Drilling north along strike intercepted a broad zone of shallow copper mineralisation:
• 103m @ 0.53% Cu, 0.1% Co, 2.6 g/t Ag from 19m
• including 10m @ 1.76% Cu, 0.30% Co, 6.7 g/t Ag from 106m.

Read the full results here: https://tinyurl.com/5c3rfwza

These results at Mt Oxide highlight the strength and scale of a cohesive mineralised system that remains open along strike and at depth.

➡️ Broader district-scale potential within the major structural corridors
➡️ Extents of the discovery trend remain untested
➡️ Representing a region of considerable opportunity

The results have strengthened our understanding of the system, providing a clear framework to target additional discoveries along this trend and to vector towards mineralisation at depth.

29/10/2025

True North Copper has identified a large IOCG system at Salebury.

Our drilling results confirmed signs of a large IOCG system within our Cloncurry regional target zone, with copper sulphides and geochemistry consistent with halos of Ernest Henry, approx. 30km away and only 20km from our Cloncurry Copper Project.

This is a key step in validating our district-scale exploration thesis.

True North’s Managing Director and CEO, Andrew Mooney said:
“Salebury is a great result for True North, confirming favourable structures and an extended IOCG system with strong potential… It supports our mission to uncover a Tier 1 copper-gold system.”

Link to the full ASX release 👉 https://tinyurl.com/yabv6y9u

We will build on these results by defining targets for follow-up drilling aimed at locating the system’s higher-grade core.

Strategic direction, clearly defined.
In pursuit of a Tier 1 copper-gold system.

20/10/2025

𝐓𝐫𝐮𝐞 𝐍𝐨𝐫𝐭𝐡 𝐂𝐨𝐩𝐩𝐞𝐫 𝐖𝐞𝐥𝐜𝐨𝐦𝐞𝐬 𝐍𝐞𝐰 𝐌𝐚𝐧𝐚𝐠𝐢𝐧𝐠 𝐃𝐢𝐫𝐞𝐜𝐭𝐨𝐫 & 𝐂𝐄𝐎, 𝐀𝐧𝐝𝐫𝐞𝐰 𝐌𝐨𝐨𝐧𝐞𝐲

True North Copper (ASX:TNC) is pleased to announce the appointment of Andrew Mooney as Managing Director and CEO, succeeding Bevan Jones as part of a planned leadership transition.

Andrew joined the Board in August and brings over 20 years of mining leadership experience across OZ Minerals, MMG Limited and other global producers. He is recognised for building high-performing teams and turning complex resources into profitable, long-life assets.

As CEO, Andrew will lead the next phase of True North’s growth - advancing development of the Mt Oxide Project, optimising the Cloncurry Copper Project, and unlocking the Company’s broader exploration potential across Northwest Queensland.

Chairman Paul Cronin said:
“With Andrew’s appointment, True North has the operational, project and strategic leadership to drive exploration, advance project development and deliver both short and long-term value for our shareholders and stakeholders.”

Andrew Mooney added:
“True North has a high-quality asset base and a clear strategy to create value through disciplined exploration, project development and capital efficiency. I’m excited to work together with our people, stakeholders and peers to build on recent momentum and turn our regional potential into lasting value."

Read the full ASX announcement 👉 https://tinyurl.com/49afmzs3

29/09/2025

True North Copper (ASX:TNC) is pleased to release its 2025 Annual Report.

It has been a transformational year for TNC - now lender-debt free, discovery-driven, and strategically focused on unlocking shareholder value.

KEY HIGHLIGHTS:
✅ Successfully exited Administration with A$50.9M Placement & A$2.5M Share Purchase Plan.
💰 Strong cash position: A$12.8M (as of 30 June 2025)
🧭 Strategic reset led by Chairman Paul Cronin (Co-Founder, Adriatic Metals)
🔍 Promising new mineralisation at Great Australia Mine (Cloncurry)
🧪 Major Cu-Co-Ag discovery at Aquila (Mt Oxide Project)
🎯 Additional funding committed to accelerate Mt Oxide exploration through 2025–26

Chairman Paul Cronin reaffirmed TNC’s strategy to drive shareholder value through new discoveries, resource expansion, disciplined cost management, and regional consolidation. Exploration success at Cloncurry has strengthened confidence in the potential to restart operations - while Mt Oxide remains a priority growth engine.

👉 Read the full Annual Report: https://tinyurl.com/y9pzcdxf

17/09/2025

The results are in, and it's a good news Copper and Gold story!

The drilling results from Wallace North, part of our Cloncurry Copper Project, have confirmed significant copper-gold mineralisation well beyond the current resource boundary.

Concurrently, the final results from the Mt Oxide Phase 1 reverse circulation drilling program have confirmed the depth-persistent, large-scale Aquila copper-cobalt-silver Discovery - providing a clear runway for accelerated Phase 2 drilling at Aquila, which is now underway.

𝐖𝐀𝐋𝐋𝐀𝐂𝐄 𝐍𝐎𝐑𝐓𝐇 𝐃𝐑𝐈𝐋𝐋𝐈𝐍𝐆 𝐇𝐈𝐆𝐇𝐋𝐈𝐆𝐇𝐓𝐒

➡️ Potential new high-grade copper-gold shoot, 60m along strike of the Wallace North Resource: WRC255 delivers 19m (~15m ETW) @ 2.18% Cu, 1.76 g/t Au (3.97% CuEq.) from 106m including 9m (~7.1m ETW) @ 4.33% Cu, 3.64g/t Au (8.01% CuEq.) from 108m.

➡️ Along strike extensions to hanging wall and footwall zones in WRC255 confirm copper-gold continuity beyond the proposed pit, including:
- 17m @ 1.08% Cu, 0.24g/t Au (1.32% CuEq.) from 76m
Inc 2m @ 6.38% Cu, 0.24g/t Au (6.62% CuEq.) from 80m
- 3m @ 0.69% Cu, 4.95g/t Au (5.7% CuEq.) from 135m
Inc 1m @ 1.01% Cu, 14.54g/t Au (15.73% CuEq.) from 136m
- 11m @ 1.82% Cu, 0.51g/t Au (2.34% CuEq.) from 191m
Inc 4m @ 4.48% Cu, 1.09g/t Au (5.58% CuEq.) from 197m.

➡️ Extension to the underexplored, gold-rich Buena Vista Zone: WRC257 returns 5m @ 0.51% Cu, 2.44g/t Au (2.98% CuEq.) from 51m including 1m @ 1.27% Cu, 11.54g/t Au (12.95% CuEq.) from 51m.

True North's Managing Director, Bevan Jones, commented:

"We're entering a new and exciting phase of growth at True North. The Cloncurry and Mt Oxide discoveries reflect our strategy at work - driving real value for shareholders.

Our latest high-grade copper-gold drill intercepts (at Wallace North) are the best we've seen at the deposit to date, confirming the potential for a much larger system. This success supports our pathway to developing the Wallace Complex into a significant production hub.

With Phase 2 drilling now underway at Aquila, we look forward to building on these successes and advancing our pipeline of high-priority targets. These results represent a fundamental step-change for the Company and chart a definitive roadmap for further success.”

👉 Read the full ASX Announcement: https://tinyurl.com/ms295tj3

True North Copper

09/12/2025

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