True North Copper Starts Wallace North Drilling to Advance Cloncurry Development

The latest announcement is out from True North Copper ( (AU:TNC) ).

True North Copper has commenced a new drilling program at its high-grade Wallace North copper-gold deposit within the Cloncurry Copper Project, aiming to expand the near-mine resource, follow up strong 2025 drill intercepts and support future development studies. The campaign, comprising diamond and reverse circulation holes on existing mining leases, is intended to grow the resource base, de-risk the project through metallurgical and geotechnical work, and test nearby targets such as Wallace East and Buenavista, reinforcing Wallace North as a core asset in advancing the broader project toward development and potential near-term production.

The most recent analyst rating on (AU:TNC) stock is a Sell with a A$0.37 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 resources company focused on copper and gold exploration and development, with key assets in the Cloncurry Copper Project in Queensland. The company is positioning its Wallace North deposit, located near existing infrastructure at the Cloncurry Operations Hub, as a high-grade, near-surface source of potential near-term copper-gold production.

Average Trading Volume: 488,042

Technical Sentiment Signal: Strong Sell

Current Market Cap: A$54.1M

For detailed information about TNC stock, go to TipRanks’ Stock Analysis page.