True North Copper Limited · ASX:TNC
True North Copper — Investor Presentation (October 2023)
19 slides from True North Copper's investor presentation, Oct 17, 2023
Slide 1: The new Australian Copper developer and explorer
For personal use only The new Australian Copper developer and explorer ASX: TNC 17 OCTOBER 2023 NWR INVESTOR LUNCH PRESENTATION NOT FOR DISTRIBUTION IN THE UNITED STATES 1
Slide 2: Important Notices and Disclaimer
IMPORTANT NOTICES AND DISCLAIMER This presentation (Presentation) has been prepared by True North Copper Limited ABN 28 119 421 868 (the Company) and Specific regard (amongst other things) should be given to the risk factors outlined in the Company’s Prospectus released on the relates to information
Slide 3: A New Copper-Cobalt Company
A NEW COPPER-COBALT COMPANY Focused on copper/cobalt development and production in the world class Mt Isa/Cloncurry Region For personal use only HIGHLIGHTS Global Measured, Indicated and Inferred Resources containing 327.7 kt copper, 23.06 kt cobalt, 72.04 koz gold and 4.31 Moz silver1. Initial
Slide 4: TNC Corporate Snapshot
ASX: TNC TNC CORPORATE SNAPSHOT Corporate Structure Shares on issue 461,647,356 For personal use only Share price @ 12th October 2023 $0.17 Market Cap @ 12th October 2023 $78.5m Enterprise Value 76.0m Cash @ 12th October 2023 $2.5m Major Shareholders Board of Directors Tembo Capital 29.73% Ian McAle
Slide 5: True North Copper – a Trajectory of Growth
TRUE NORTH COPPER – a Trajectory of Growth A significant number of catalysts: Exciting drilling results, first production and cashflow and further growth COMPANY PLAN (As per prospectus - May 2023) 4 Completed Listed on the ASX 19 June (TNC) For personal use only SX Crystal Plant Refurbishment & Com
Slide 6: Cloncurry Copper Project – Copper Sulphate Production Update
CLONCURRY COPPER PROJECT – Copper Sulphate Production Update Averaging 2-3 shipments a week so far. Copper production delayed due to crusher being down for 35 days SX Plant and 3-Stage Crusher now fully operational. For personal use only Recoveries higher than expected 82% (Raffinate 17%).
Slide 7: Cloncurry Project – Mine Development
CLONCURRY PROJECT – Mine Development • The Cloncurry Project incorporates a number of 100% owned resources and is • Updated met work expected mid to late October 2023 centred around the Great Australia Mine complex and its associated • Tender processes completed for the following: infrastructure. •
Slide 8: Cloncurry Copper Project – Exploration Upside
CLONCURRY COPPER PROJECT – Exploration Upside For personal use only Figure 9: Cross Sections X-X' through the 3D IP Chargeability Model showing the high-order chargeability anomaly associated with the Taipan Resource and new anomalies identified in the Greater Australian Target Area5 Figure 8: Locat
Slide 9: True North Copper – Resource and Exploration Pipeline
TRUE NORTH COPPER – Resource and Exploration Pipeline Current Grade Control Mining Reserve Life of Mine For personal use only Taipan Advanced Financial Analysis Decision Great Australia Grade Control Ore Reserve Definition Drilling Mining studies to Mine Wallace North Infill & Resource Measured / In
Slide 10: Mt Oxide Copper-Cobalt Development Project
For personal use only MT OXIDE COPPER-COBALT DEVELOPMENT PROJECT 100% acquired by TNC 7 June 2023 Investor Presentation | October 2023 10
Slide 11: Mt Oxide Project – Highly Prospective and Underexplored
MT OXIDE PROJECT – Highly Prospective and Underexplored Since 2011 there has been no field work conducted over the Mt EXPLORATION HIGHLIGHTS For personal use only Oxide Project. AND PRIORITIES First round of diamond drilling program now completed. During FY23, TNC commenced an initial diamond dril
Slide 12: TNC intersects 66m @ 4.95% Copper in first drillhole at Vero Resource
MT OXIDE PROJECT - TNC intersects 66m @ 4.95% Copper in first drillhole at Vero Resource7 First drillhole (MOXD217) of an initial diamond drilling program returns phenomenal results For personal use only including: • 66.50m @ 4.95% Cu, 32.7g/t Ag and 685ppm Co from 234.00m • inc. 20.60m @ 10.51% Cu,
Slide 13: A further three holes confirm high-grade mineralisation
MT OXIDE PROJECT – A further three holes confirm high-grade mineralisation8 For personal use only Figure 11: Cross section of MOXD219 (20m clipping window) showing the location of geological and grade composites. 8 Figure 12: Cross section of MOXD221 (20m clipping window) showing the location of geo
Slide 14: Awaiting assay results from the remaining drillholes
MT OXIDE PROJECT - Awaiting assay results from the remaining drillholes For personal use only Figure 11: Vero Resources growth and high-grade exploration potential 9, 10, 11 Investor Presentation | October 2023 14
Slide 15: The macro has not changed, copper outlook remains positive, favourable AUD
The macro has not changed, copper outlook remains positive, favourable AUD Today's prices in AUD reflect the prices received when the price in USD was $9500 (current price $8100) For personal use only "The transportation sector represents 22% of global emissions... EVs represented two thirds of glob
Slide 16: TNC: What's Next
TNC: What’s Next • Mt Oxide is a phenomenally mineralized system – awaiting further assay results. • Cloncurry exploration – the Cloncurry Project offers high quality exploration targets on For personal use only granted mining leases. • Initial Crystal Production and operational team in place. • Clo
Slide 17: High-Grade Copper, Growing Resources & Production
High-Grade Copper ASX:TNC Growing Resources & For personal use only Production New Australian Copper Company Investor Presentation | October 2023 17
Slide 18: Thank you
For personal use only Thank you MARTY COSTELLO +61 429 741 120 marty.costello@truenorthcopper.com.au 18
Slide 19: References
REFERENCES 1. Resource figures provided are based on the previously announced mineral resource 11. Perilya Ltd. ASX: (PEM) Release, 5 Jun 2008, Spectacular drill intercepts increase potential estimates disclosed in the Company’s ASX Release dated 28 February 2023: Acquisition of of the Mount Oxide C
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