True North Copper lifts Cloncurry resource base and advances pre-feasibility work

An update from True North Copper ( (AU:TNC) ) is now available.

True North Copper has reported an updated JORC 2012 mineral resource estimate for its Cloncurry Copper Project in northwest Queensland, driven by advanced grade control drilling, recent exploration and refined geological modelling. The overall project resource has increased by about 7% to roughly 109,000 tonnes of contained copper and 9% to 84,000 ounces of contained gold, with a notable 13.5% tonnage rise at the Great Australia deposit and higher confidence in the largely indicated Taipan resource.

The upgraded resource base provides a stronger technical foundation for ongoing pre-feasibility study work in 2026, including assessment of development options and underground potential. Management highlights a clear pathway for further growth, with additional drilling planned to test extensions of existing deposits, evaluate near-mine and regional targets, and gather more metallurgical and geotechnical data, which could enhance the project’s economic case and future production profile.

The most recent analyst rating on (AU:TNC) stock is a Hold with a A$0.52 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 is an Australian resources company focused on copper and gold exploration and development in northwest Queensland. Its flagship Cloncurry Copper Project, which it owns outright, includes the Great Australia Mine, Taipan, Orphan Shear and Wallace North deposits, positioning the company within the base metals sector with a focus on growing its mineral resource base.

Average Trading Volume: 602,505

Technical Sentiment Signal: Sell

Current Market Cap: A$76.19M

Learn more about TNC stock on TipRanks’ Stock Analysis page.