True North Copper Reports 35% Rise in Queensland Project's Resource
MT Newswires Live
Yesterday
True North Copper (ASX:TNC) reported an updated consolidated mineral resource estimate of 11.2 million tonnes at 0.76% copper equivalent for the Mongoose-Taipan deposit, part of its Cloncurry copper project in Queensland, according to a Wednesday Australian bourse filing.
The estimate represents a 35% increase in resource tonnes and a 49% increase in contained copper, per the filing.
The update adds 23,000 tonnes of contained copper and 19,000 ounces of gold, with the project's pre-feasibility study on track for late 2026, the filing added.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.