True North Copper Limited · ASX:TNC
True North Copper — Investor Presentation (February 2026)
17 slides from True North Copper's investor presentation, Feb 4, 2026
Slide 1: Queensland's Next Copper Growth Opportunity
For personal use only Queensland’s Next Copper Growth Opportunity ASX: TNC 4 February 2026
Slide 2: Developing a Staged Copper Growth Platform
Developing a Staged Copper Growth Platform Queensland’s Next Copper Growth Opportunity Proven team, strong backing, clear vision • Growth-focused company with 100% ownership of two major For personal use only advanced copper projects in Northwest Queensland. • Supported by leading institutional inve
Slide 3: Corporate Overview
Corporate Overview ASX: TNC Experienced Leadership Paul Cronin Non-Executive Chairman Deep capital markets expertise, proven track record in financing and Share Price $0.57* developing resource companies Co-Founder of Adriatic Metals. Shares on Issue 152.4M For personal use only Market Capitalisatio
Slide 4: Mt Oxide – Flagship Project
Mt Oxide – Flagship Project Growing Queensland’s Next Copper Project Established resource For personal use only • Proven copper-silver-cobalt Vero resource with Aquila Discovery underground development potential. • Potential to grow Vero along strike and at depth. Emerging district-scale system • Ne
Slide 5: Mt Oxide: The scale of Aquila is growing
Mt Oxide The scale of Aquila is growing and already comparable to the Vero deposit For personal use only ASX: TNC Queensland’s Next Copper Growth Opportunity | FEBRUARY 2026 5
Slide 6: Cloncurry Copper Project
Cloncurry Copper Project Development Pre-Feasibility Study underway Potential to commence mining in 2027 For personal use only • Technical and economic evaluation underway with drilling, test work, and technical studies. • Developing a robust plan, with expanded resource and increased scale. Cloncur
Slide 7: Wallace North High-Grade Extension with Underground Potential
Cloncurry Copper Project Wallace North High-Grade Extension with Underground Potential For personal use only AIC Mines Eloise / Jericho* Analogue Note: % Copper Equivalent (%CuEq.) = Cu% + Au(g/t) x 1.013 based on Copper Price of US$10,000/tonne and metallurgical recovery of 90% and gold price of US
Slide 8: Regional Targets
Regional Targets Discovery of Ernest Henry and Rocklands-scale systems Unlocking Queensland’s next tier-1 copper discovery For personal use only Williams • District-scale greenfields targets. Supersuite Ernest Henry 166 Mt @ 1.1% Cu & 0.54 g/t Au • Potential Tier-1 stand-alone discoveries or long-li
Slide 9: Summary: Our Clear Path to Value
Summary 2 Our Clear Path to Value 3 For personal use only 1 DEVELOP near-term cashflow Through a robust study that expands and optimises Cloncurry Copper Project (CCP) 2 GROW Mount Oxide Drill-out and grow the resource, while continuing new discovery 1 3 DISCOVER regional targets Pursue long-term Pr
Slide 10: Queensland's next copper growth opportunity
Queensland’s next copper growth opportunity Unlocking province-scale potential For personal use only STRONG Leadership • Recent appointments of growth-focused Chair and MD • Clear, 3-phase strategy outlined INSTITUTIONAL Support UPCOMING Catalysts • Q1 2026: Cloncurry Resource Updates • Mid Q1 2026:
Slide 11: We know where we're headed
For personal use only We know where we’re headed TM Andrew Mooney Managing Director ASX: TNC www.truenorthcopper.com.au
Slide 12: Mt Oxide: Additional high priority targets along Dorman fault
Mt Oxide Additional high priority targets along 10km + of Dorman fault For personal use only Capricorn Copper* Analogue * The Capricorn Copper Deposit is considered a geological comparative to Mt Oxide. Capricorn Copper lies 25 km to the south of Mt Oxide along the Mt Gordon fault a major regional s
Slide 13: Strong Brownfield and Greenfield Potential
Strong Brownfield and Greenfield Potential Extensive land holding near Tier 1 assets Exploration Licence CLONCURRY Mining Lease COPPER Resource Target Processing Plant PROJECT For personal use only Main Road Rail Copper String 2.0 Cloncu rry Operations Hub Ernest Henry 30 km trucking radius Concentr
Slide 14: Value Pathway - Develop, Grow, Discover
Value Pathway - Develop, Grow, Discover A staged pipeline driving production and province scale growth Early Exploration Advanced Exploration Development Operation For personal use only 1 Cloncurry Copper Project Wallace North Great Australia Potential Eloise Great Australian Wallace East / Jericho
Slide 15: Appendix - TNC Mineral Resources
Appendix 1 - *TNC Mineral Resources Resource Cut-off Tonnes Cu Au Co Ag Cu Au Co Ag Cut-off Tonnes Cu Au Co Ag Cu Au Co Ag Category (% Cu) (Mt) (%) (g/t) (%) (g/t) (kt) (koz) (kt) (Moz) Resource Category (% Cu) (Mt) (%) (g/t) (%) (g/t) (kt) koz) (kt) (Moz) Great Australia Mt Oxide – Vero Copper-Silv
Slide 16: Important Notices and Disclaimer
JORC The information in this Presentation that relates to Mineral Resource Estimates for Great Australia, Orphan Shear, Taipan, Wallace North and Wallace South is based on information previously disclosed in the following Company ASX Announcements available from the ASX website www.asx.com.au: IMPOR
Slide 17: Queensland's next copper growth opportunity
Queensland’s next copper growth opportunity For personal use only We know where we’re headed truenorthcopper.com.au 42
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