True North Copper Limited · ASX:TNC
True North Copper — Investor Presentation (February 2025)
21 slides from True North Copper's investor presentation, Feb 27, 2025
Slide 1: Growing Queensland's next major Copper Resource
For personal use only Growing Queensland’s next major Copper Resource ASX: TNC February 2025
Slide 2: Investment Highlights
Investment Highlights For personal use only Tier 1 Jurisdiction Unlocking the Near pit Revised Business potential at Mt opportunities at Strategy Highly prospective Oxide Cloncurry Copper portfolio of copper Project (CCP) Strong balance assets in prolific sheet, refreshed Mt Oxide is a high Cloncurr
Slide 3: True North Copper Assets
True North Copper Assets Mt Oxide Project TIER 1 JURISDICTION Mt Isa Inlier, NW QLD AUSTRALIA MT OXIDE PROJECT (100% TNC) Highly prospective, underexplored mineral For personal use only Capricorn Flamingo system. Copper (Concentrator) Vero Resource extension potential to depth and along strike.
Slide 4: Corporate Snapshot
ASX: TNC CORPORATE SNAPSHOT Corporate Structure Board of Directors For personal use only Pre 21 February Voluntary 2025 Administration Shares on issue 1,029.9M 127.38M Options/Performance Rights on issue 15.4M 5.65M Paul Cronin Bevan Jones Tim Dudley Paul Frederiks Warrants on issue 46.4M 0.46M Non-
Slide 5: Mt Oxide District: Reset to Explore, Optimise and Add Value
Mt Oxide District Reset to Explore, Optimise and Sed Hosted Cu-Ag-Co Vero Add Value PROJECT AREA Capricorn Copper MT OXIDE Drilling new open-pittable targets along Mt Oxide trend For personal use only identified from 2024 exploration campaign. Cloncurry Expand high grade Resource base. District
Slide 6: Exploration & Resource Development Forward Program Summary
Exploration & Resource Development Forward Program Summary AIMS: Rapidly grow the Cloncurry Copper Project Life of Mine through discovery of additional new resources adjacent to current pits and infrastructure. For personal use only At Mt Oxide, build a regionally significant district of multipl
Slide 7: CY 2025 Critical Pathway Items
CY 2025 12 Month Critical Pathway Items GEOPHYSICS For personal use only GAM Wallace Wynberg Salebury Marimo • IP survey • FLEM survey • FLEM survey • IP survey • IP survey • Results and interpretation • Results and interpretation • Results and interpretation • Results and interpretation • Results a
Slide 8: Vero 2024 Resource
Mt Oxide Project Vero 2024 Resource 15.03 Mt at 1.46% Cu & 10.59 g/t Ag for 220 kt Cu & 5.13 Moz Ag Lady (Indicated and Inferred) Annie For personal use only Capricorn Mt Oxide Project Copper Mount Kelly Drill new targets Mount Isa Corridor Expand high grade resources Mount Gordon Corridor Mount
Slide 9: Underexplored +10km Prospective Trend
Mt Oxide Project Underexplored +10km Prospective Trend 330,000 mE 335,000 mE 7,850,000 mN Limited systematic modern exploration outside of the Vero Mt Gordon Resource. For personal use only Significant opportunity to apply leading-edge exploration to build a larger copper inventory in a well-end
Slide 10: Exploration Program
Mt Oxide Project Exploration Program Prospect # RC Holes Priority RC Metres Assays Mt Gordon Camp Gossans 5 High 1,150 800 4 medium & low priority RC for a total of 900m Black Marlin 2 High 450 350 Vero 7 Low 1,300 910 Hecate 2 Low 500 350 For personal use only Aquila Aquia 6 High 1,300 910 6 RC hol
Slide 11: Long section Vero Copper-Silver Resource
Long section Vero Copper-Silver Resource Mt Oxide Project S Ivena N MOXD217 Vero Pit 200 mRL Vero Resource For personal use only The Mt Oxide Project hosts the Vero Resource of 15.03 Mt @ 0 mRL 1.46% Cu (Inferred and Indicated), a Mt Isa style sediment hosted Cu-Ag-Co system. Analogues include Capri
Slide 12: Camp Gossans
Mt Oxide Project Camp Gossans A 1.8 km long trend of intermittently outcropping fault breccias with numerous geochemically anomalous gossanous breccias outcrops & 1km to geophysical anomalies Vero Pit For personal use only Multiple gossanous breccia structures up to 16m wide located 1.1 km SE of V
Slide 13: Camp Gossans & Black Marlin
Mt Oxide Project Camp Gossans & Black Marlin Multiple large scale geophysical anomalies in prospective geological settings similar to Vero Untested Vero scale targets on both lines at Vero and Camp Gossans. Reconnaissance mapping of geophysical target identified the NEW BLACK MARLIN target out
Slide 14: Cloncurry Copper Project
Ernest Henry Cloncurry Copper Great Australia For personal use only Cloncurry Operations Hub Rocklands Cu Project (CCP) Mt Isa Salebury 82 km Rocklands South GAM Orphan Taipan Shear Barkly Hwy Tanbah Extend mine life Grow/convert resource base Marimo Trend Wallace North Test scale opportunity
Slide 15: Cloncurry Copper Project Exploration
Cloncurry Copper Project Exploration Ernest Henry Strategic exploration package in Cloncurry, drilling targets and exploration of large scale mineral systems. For personal use only GREAT Eight high priority drill ready targets at Cloncurry Great Australia Resource Targets AUSTRALIA Cloncurry Copper
Slide 16: Cloncurry Copper Project Greater Australian Drilling
Cloncurry Copper Project Greater Australian Drilling # RC holes RC Metres Lab Assays Copperhead Orphan Shear 3 RC holes for 460m 1.0 Mt at 0.56% Cu Copperhead 3 460 322 & 0.04 g/t Au 5.8 kt Cu & 1.3 koz Au Orphan Shear 4 630 441 Copper Mine Ck 1 400 280 I Python 1 200 140 For personal use only 202
Slide 17: Great Australia Mine Complex - IP targets
Cloncurry Copper Project Great Australia Mine Complex - Compelling IP targets Multiple strong shallow chargeability anomalies drill tested high priority near mine growth targets West Greater Australian Target For personal use only Insitu Taipan Resource East X X’ 200 mRL < 150 m to top of target C
Slide 18: Cloncurry Copper Project Wallace North & Surrounds
Cloncurry Copper Project Wallace North & Surrounds Drilling # RC holes RC Metres Lab Assays ML 90236 & 100077 Dunnart 1 500 350 6 conceptual holes for 1,000m to T2 4 800 560 test for offset continuations of T3 3 600 420 the Wallace Resource For personal use only Other 6 1,000 700 Dunnart Total 14 2,
Slide 19: Cloncurry Copper Project Wallace North & Surrounds
Cloncurry Copper Project Wallace North & Surrounds Target 1 Target 2 Target 3 New near-resource targets indicate larger under-explored Iron Chargeability - Conductivity Chargeability drill Chargeability - Sulphide Copper Gold (ISCG) mineral system Target 150 m north of the Wallace North Resource tar
Slide 20: Thank you
For personal use only Thank you Bevan Jones Bevan.Jones@truenorthcopper.com.au ASX: TNC
Slide 21: Important Notices and Disclaimer
IMPORTANT NOTICES AND DISCLAIMER This presentation (Presentation), together with any information communicated by True North Copper Limited ABN 28 119 421 868 (the JORC Company or True North), in any presentation or discussion relating to this Presentation (collectively, Information) is confidential,
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