True North Copper (AU:TNC) has released an update.
True North Copper Limited is set to become Australia’s next copper producer, commencing mining activities at the Wallace North deposit in Queensland and projecting an estimated $200 million in free cash flow over the next 4.6 years. With key management hires and a $24.3 million capital raise, the company is poised to expand its Cloncurry Copper Project and explore new finds at Mt Oxide. They have also secured crucial agreements with Glencore International AG for the sale of copper concentrate and ore milling.
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