Aquila prospect heats up as True North strikes copper again in QLD

The West Australian

Nov 25

True North Copper has put another serious run on the board at its exciting new Aquila copper-cobalt discovery within its Mount Oxide project in Queensland, stretching the mineralised strike to more ...

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They include a 32m hit grading 1.02 per cent copper, 0.17 per cent cobalt and 4.4 grams per tonne silver from 109m, with 6m at a cracking 3.56 per cent copper and 0.60 per cent cobalt from 122m. Another hole returned 31m at 0.57 per cent copper and 0.15 per cent cobalt from 89m, including 5m at 2.10 per cent copper.True North says the new intercepts have strengthened the outlines of two steep, high-grade plunging shoots, one stretching 250m, the other 150m, both of which remain open at depth. The latest assays come from the southern shoot, where the company concedes suboptimal collaring did little to diminish the scale of the system, instead helping refine targeting for the next phase.Management is still awaiting results from the final four holes drilled into Aquila, with the full set of nearby Apollo and Acanthis prospect assays due between December and January. But already the picture is clear: Aquila is growing, and fast.The results also support True North’s mapping of a fresh 250m strike extension that pushes the mineralised corridor beyond 900m at Aquilla, placing its scale in the same league as the company’s nearby Vero deposit.It’s becoming increasingly clear that we’re onto something big here at Aquila, with the potential to exceed the scale and quality of our existing high-grade Vero resource at Mt Oxide. With four drillholes pending at Aquila, the story is still unfolding. True North managing director and chief executive officer Andrew MooneyTrue North plans to return in 2026 once the wet season finishes to drill Aquila “north, south and at depth” and then move systematically along strike to test a suite of new high-priority targets. The follow-up program will also build on an expanded geophysical push, including extension of induced polarisation (IP) surveys across Aquila, Apollo, Acanthis and the Rhea target.The company has already completed 5000m of drilling towards an expanded 12,000m program, with several holes awaiting assays. Management believes the results so far provide a “significant boost” to its understanding of the Aquila system, pointing to strong continuity along strike and at depth – critical ingredients for district-scale copper development.Aquila sits within sling-shot distance of Vero, which boasts 15.03 million tonnes at 1.46 per cent copper and 10.59g/t silver, along with 9.15 million tonnes at 0.23 per cent cobalt. With copper now firmly seated on some national critical mineral lists and prices trending upwards for five years, the timing for True North’s growing Queensland footprint is looking exceptionally favourable.Mount Oxide itself has a chequered history, first discovered in 1882 by the famed Ernest Henry, with underground mining spanning the 1920s to 1960s and open-pit and leaching operations following. The site was left in remediation limbo after 1999 until True North stepped in and made the game-changing Aquila discovery last year.Beyond Aquila, True North is pushing ahead with a three-stage growth plan: restarting its Cloncurry operation to the south that comes replete with a plant capable of processing oxide ore, aggressively expanding the Mt Oxide resource and swinging for tier-one targets at Chumvale, Marimo and the Salebury IOCG system.With modern drilling technology barely touching much of Mt Oxide’s broader tenement package, the company believes there is still significant upside hiding in the shadows. And judging by the trajectory of its recent results, that upside may not remain hidden for long.Is your ASX-listed company doing something interesting? Contact: matt.birney@wanews.com.au","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}