True North Copper Limited · ASX:TNC
True North Copper — Investor Presentation (July 2024)
18 slides from True North Copper's investor presentation, Jul 18, 2024
Slide 1: Noosa Mining Investor Conference
Noosa Mining Investor Conference ASX: TNC 18 July 2024 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 FORWARD LOOKING STATEMENTS 868 (the Company) and relates to information The Presentation has been prepared as at 03 May The Presentation includes “forward looking statement
Slide 3: Important Notices and Disclaimer
IMPORTANT NOTICES AND DISCLAIMER JORC The information in this Presentation that relates to Mineral Resource and Ore Reserve Estimates for The information in this Presentation that relates to a production target for the Cloncurry Copper Great Australia, Orphan Shear, Taipan, Wallace North and Wallace
Slide 4: Strategy
TRUE NORTH COPPER STRATEGY To become a significant copper producer and critical metals supplier centered on North-West Queensland Execute mining restart at Cloncurry Copper Project to establish profitable operating platform Generate cash & fund extensive exploration on Cloncurry and Mt Oxide t
Slide 5: ASX: TNC Corporate Snapshot
ASX: TNC CORPORATE SNAPSHOT Corporate Structure Board of Directors Shares on issue 1,029.8M Ian McAleese Non-Executive Chairman Options on issue (average exercise price $0.334) 21.6M Bevan Jones Managing Director Tim Dudley Non-Executive Director Warrants on issue (exercise price $0.1127) 46.3M Paul
Slide 6: Where We Operate
Where We Operate Mt Oxide Project CLONCURRY COPPER PROJECT (100% TNC) Capricorn Copper (Concentrator) Mining restarted In July 2024 Existing infrastructure at the Great Australia Mine Flamingo (GAM) includes oxide heap leach and solvent extraction plant, mining/support facilities and existing po
Slide 7: Cloncurry Copper Project (CCP) - Overview
Cloncurry Copper Project (CCP)-Overview Mining has commenced Ore to be Mined 4.8Mt over initial 4.6 year life • Producing 28.7kt Cu and 20.9koz Au • 90% copper concentrate sales over LoM • Sulphide material processed under tolling agreement at Ernest Henry • 10% of LoM sales are Copper Sulphate pr
Slide 8: CCP Mine Plan
CCP Mine Plan Wallace North GAM & Taipan Mining Start Expand Scale Open pit mining operation with primarily toll milling Transitional / Fresh ore hauled to EH for processing Oxides processed via heap leach & SX plant at GAM site • Q1 FY 25 - Commenced mining ore at Wallace North • Then product
Slide 9: CCP – Wallace North Operations
CCP – Wallace North Operations All regulatory requirements in place and ERC bonding deposited Site clearing completed Site admin office and other facilities in place Drill and blast activities underway Overburden removal underway Oxide ore haulage expected to commence (July 2024) Sulph
Slide 10: CCP - Copper Sulphate From New Oxide Ore
CCP - Copper Sulphate From New Oxide Ore New oxide ore from Wallace North placed onto heap leach pads in Q1 FY25 Copper Sulphate Crystal Plant & Heap Leach at Cloncurry Operating Hub Crystal Plant refurbished & shipments ongoing Commissioning & defect correction complete Process and contro
Slide 11: Building Relationships
BUILDING RELATIONSHIPS CLONCURRY COPPER PROJECT Copper Ore Tolling & Copper Concentrates Offtake • Toll-milling services, up to 1 Mtpa for the LoM. • Binding offtake agreement with Glencore for 100% of copper concentrate from TNC’s CCP. $28M USD Finance Facility • Concentrate processed at the nearby
Slide 12: Exploration Upside
EXPLORATION UPSIDE Vero PROJECT AREA Capricorn Copper WORLD CLASS 850 square kms of tenure in the World Class Mt Isa Inlier REGION home to several major Cu (Co-Au-Ag) Mineral Systems. DISTRICTS Numerous high-quality Cu-Au-Co-Ag targets located with mineralised structural corridors within the eastern
Slide 13: Mt Oxide Project - +10 km Prospective Trend
Mt Oxide Project - +10 km Prospective Trend Hosts the Vero Resource of 15.98 Mt @ 1.43% Cu and 6.91 g/t Ag^ total combined Measured, Indicated and Inferred resource. Limited systematic modern exploration outside of the Vero Resource. 29 Metals Mining Lease Significant opportunity to apply lead
Slide 14: Mt Oxide Project – Vero Resource vs Capricorn Copper
Mt Oxide Project – Vero Resource vs Capricorn Copper* Capricorn Copper 62.2Mt @ 1.8% Cu and 9g/t Ag A Southwest Vero 15.98 Mt @ 1.43% Cu & 6.91 g/t Ag A’ Northeast Camp Camp Gossans Gossans Vero Ivena IvenaNorth North 2 Prospect Vero high grade shoot Prospect +300 m in length 500 mRL Fe-Mn Fe-Silica
Slide 15: Mt Oxide Project – Exploration Progress and Plan
First drill results return 2023 Mt Oxide Project – Exploration Progress and Plan exceptional high- grade copper August MOXD217 - 66.5 m Confirmation drilling completed, resource re-estimation nearing completion this quarter. at 4.95% Cu4 September Dorman Fault Zone mapping and sampling (high p
Slide 16: Regional Exploration
Cloncurry Copper Project Ernest Henry Exploration Focus on surface mapping, survey & geophysics, historic resource gap analysis (for resource / LoM feed), targeting and drilling GREAT Eight high priority drill ready targets at Cloncurry Great Australian Resource Targets AUSTRALIAN Cloncurry Copper P
Slide 17: Thank you
Next Steps: 1. Consolidate mining operations at Cloncurry Copper Project to establish profitable operating platform Thank you 2. Continue to increase the resource base at Cloncurry and Mt Oxide Bevan Jones Bevan.jones@truenorthcopper.com.au 3. Evaluate regional opportunities to build scale and impro
Slide 18: References
REFERENCES 1. True North Copper Limited. ASX (TNC): Release 17 October 2023: TNC Increases Copper, Gold Mineral Resource by 14% at Wallace North, Cloncurry. 2. 29Metals Limited. ASX (29M): Release 22 March 2023: Ord Minnett East Coast Mining Conference 2023 Investor Presentation 3. McLean, N., & Ste
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