True North Copper Limited · ASX:TNC
True North Copper — NWR Communications Melbourne Resources Series (September 2024)
18 slides from True North Copper's conference presentation, Sep 5, 2024
Slide 1: Australia's next Copper Producer & Critical Minerals Supplier
For personal use only Australia’s next Copper Producer & Critical Minerals Supplier NWR Communications | Melbourne Resources Series 5 September 2024 ASX: TNC 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). The Presentation has been prepared as at 4 September 2024. The Presentation includes “forward looking statements” within the m
Slide 3: Important Notices and Disclaimer (JORC)
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 Mt Oxide, Great Australia, Orphan Shear, Taipan, Wallace North a
Slide 4: True North Copper Strategy
TRUE NORTH COPPER STRATEGY For personal use only 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 Cl
Slide 5: Corporate Snapshot
ASX: TNC CORPORATE SNAPSHOT Corporate Structure Board of Directors Shares on issue 1,029.8M Ian McAleese Non-Executive Chairman For personal use only Options on issue (average exercise price $0.334) 21.6M Bevan Jones Managing Director Tim Dudley Non-Executive Director Warrants on issue (exercise pri
Slide 6: Where We Operate
Where We TIER 1 Operate Mt Oxide Project JURISDICTION Capricorn Copper For personal use only (Concentrator) CLONCURRY COPPER PROJECT (100% TNC) Existing infrastructure at the Great Australia Flamingo Mine (GAM) includes oxide heap leach and solvent extraction plant, mining/support facilities and e
Slide 7: Cloncurry Copper Project (CCP) - Overview
Cloncurry Copper Project (CCP) - Overview Mining has commenced Mining 4.8Mt over initial 4.6 year mine life For personal use only Producing 28.7kt Cu and 20.9koz Au 90% of LoM copper sales as copper concentrate (Sulphide and transitional) Sulphide material processed under tolling agreements
Slide 8: CCP Mine Plan
CCP Mine Plan Wallace North Mining Start GAM & Taipan Expand Scale Open pit mining For personal use only operation with primarily toll milling. Transitional / Fresh ore hauled to Ernest Henry for processing. Oxides processed via heap leach & SX plant at GAM site. Q1 FY 25 - Commenced mining ore at
Slide 9: Building Cloncurry Copper Project Relationships
BUILDING CLONCURRY COPPER PROJECT For personal use only RELATIONSHIPS 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 p
Slide 10: 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. For personal use only DISTRICTS Numerous high-quality Cu-Au-Co-Ag targets located with mineralised structural corrid
Slide 11: Mt Oxide Project: +10 km Prospective Trend
Mt Oxide Project: +10 km Prospective Trend Hosts the Vero Resource of 15.03Mt at 1.46% Cu & 10.59g/t Ag 10 total combined Indicated and Inferred resource. Limited systematic modern exploration outside of the Vero Resource. 29 Metals Significant opportunity to apply leading-edge exploration to
Slide 12: Cloncurry Copper Project Exploration
Cloncurry Copper Project Ernest Henry Exploration Focus on surface mapping, survey & geophysics, historic resource gap analysis (for resource / LoM feed), targeting and drilling For personal use only GREAT Eight high priority drill ready targets at Cloncurry Great Australian Resource Targets AUSTRAL
Slide 13: Great Australia Mine Complex – Compelling IP targets
Great Australia Mine Complex – Compelling IP targets Orphan Shear Eight high priority drill ready targets at the CCP 1.0 Mt at 0.56% Cu & 0.04 g/t Au 2023 DDIP L7709135 5.8 kt Cu & 1.3 koz Au8 Under-explored large Scale IOCG Cu + Co-Au Mineral System Projected to surface F G H I on mining leases
Slide 14: Great Australia Mine Complex – Compelling IP targets
Great Australia Mine Complex – Compelling IP targets Greater Australian West Insitu Taipan Resource Target East X X’ 200 mRL For personal use only < 150 m to top of target < 150 m to Coppermine Creek Fault top of target 2023 Structural Interpretation +40mv/v Chargeability Target A +40mv/v 40 100 mRL
Slide 15: Next Steps / Thank you
Next Steps: For personal use only 1. Consolidate mining operations at Cloncurry Copper Project to establish a 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 opportunitie
Slide 16: 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., & St
Slide 17: Mineral Resources
Mineral Resources Resource Cut-off Tonnes Cu Au Co Ag Cu Au Co Ag Resource Cut-off Tonnes Cu Au Co Ag Cu Au Co Ag Category (% Cu) (Mt) (%) (g/t) (%) (g/t) (kt) (koz) (kt) (Moz) Category (% Cu) (Mt) (%) (g/t) (%) (g/t) (kt) koz) (kt) (Moz) Great Australia Indicated 0.50 3.47 0.89 0.08 0.03 - 31.10 8.
Slide 18: Mineral Reserves
Mineral Reserves Resource Category Tonnes (Mt) Cu (%) Au (g/t) Cu (kt) Au (koz) Great Australia Reserve Proved 0.0 0.00 0.00 0.0 0.0 For personal use only Probable 2.3 0.81 0.08 19.2 6.1 Total 2.3 0.81 0.08 19.2 6.1 Taipan Reserve Proved 0.0 0.00 0.00 0.0 0.0 Probable 0.9 0.70 0.10 6.9 3.2 Total 0.9
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