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The latest update is out from True North Copper ( (AU:TNC) ).
True North Copper has reported Phase 2 drilling results from its Mt Oxide Project in northwest Queensland, confirming the geometry, scale and continuity of copper-silver-cobalt mineralisation at the Aquila discovery and validating Acanthis as a parallel mineralised trend. Drilling at Aquila has defined thick, near-vertical mineralisation with true widths of roughly 45–60 metres over a central 250-metre zone and more than 1,000 metres of strike, while first-pass drilling at Acanthis intersected copper mineralisation coincident with geophysical anomalies, supporting the regional geophysical model and the district’s broader potential. These results strengthen the technical foundation for True North Copper’s fully funded 2026 exploration campaign, which will include extended IP surveys, diamond and reverse circulation drilling to expand Aquila at depth and along strike, refine geological models and systematically test parallel trends such as Acanthis and Apollo, with the aim of advancing Mt Oxide into a multi-target, district-scale copper district and guiding capital allocation within the company’s staged growth strategy.
The most recent analyst rating on (AU:TNC) stock is a Hold with a A$0.65 price target. To see the full list of analyst forecasts on True North Copper stock, see the AU:TNC Stock Forecast page.
More about True North Copper
True North Copper Limited is an Australian exploration and development company focused on copper, silver and cobalt projects in northwest Queensland, with Mt Oxide positioned as its flagship growth asset alongside the Cloncurry Copper Project. The company is pursuing a disciplined three-stage growth strategy—develop, grow and discover—underpinned by a fully funded 2026 exploration program aimed at building a multi-target, district-scale copper system across its Mt Oxide corridor.
Average Trading Volume: 529,120
Technical Sentiment Signal: Sell
Current Market Cap: A$80.25M
Learn more about TNC stock on TipRanks’ Stock Analysis page.