True North Copper Limited · ASX:TNC
True North Copper — Noosa Investor Conference 2023
31 slides from True North Copper's conference presentation, Nov 16, 2023
Slide 1: Noosa Investor Conference Presentation
For personal use only NOOSA INVESTOR CONFERENCE Presentation ASX: TNC 16 NOVEMBER 2023 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 15 The Presentation includes “forward looking statements” w
Slide 3: Important Notices and Disclaimer (continued)
IMPORTANT NOTICES AND DISCLAIMER (continued) JORC The information in this Presentation that relates to Mineral Resource and Ore Reserve Estimates The information in this Presentation that relates to a production target for the Great Australia for Great Australia, Orphan Shear and Taipan is based on
Slide 4: Acknowledgement of Country
Acknowledgement of Country True North Copper respectfully acknowledges the Traditional Custodians of the land on which this conference is held today, the Kabi Kabi people. For personal use only We also respectfully acknowledge the Traditional Custodians of the land on which we work – the Mitakoodi,
Slide 5: Corporate Snapshot
ASX: TNC CORPORATE SNAPSHOT Corporate Structure For personal use only Shares on issue 461,647,356 Share price @ 14th November 2023 $0.155 Market Cap @ 14th November 2023 $71.55m Top 20 Enterprise Value $70.55m Remaining Shareholders Cash @ 14th November 2023 $1.0m Major Shareholders Board of Directo
Slide 6: Australia's Newest Copper Producer
AUSTRALIA’S NEWEST COPPER PRODUCER Global Measured, Indicated and Inferred Resources For personal use only containing 337.6 kt copper, 21.89 kt cobalt, 95 koz gold and 4.31 Moz silver1^. Producing high grade copper sulphate crystal for the domestic and international market. Receiving LME+ premiu
Slide 7: 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) SX Crystal Plant Refurbishment & Commissioning – Commence
Slide 8: Cloncurry Project: Production, Cashflow Positive & Building Scale
CLONCURRY PROJECT For personal use only PRODUCTION, CASHFLOW POSITIVE & BUILDING SCALE Centered around Great Australia Mine complex and its associated infrastructure. Approximately 90% 2012 JORC defined resources situated on granted mining leases. JORC 2012 compliant resources include 99,540 t
Slide 9: For personal use only
For personal use only Investor Presentation | November 2023 9
Slide 10: Cloncurry Project - Mining Restart & Development – Derisked
CLONCURRY PROJECT - MINING RESTART & DEVELOPMENT – DESRISKED Ability to start mining December 2023/January 2024 Mine designs completed, final optimisations underway (by MEC Mining). For personal use only Ability to commence mining 4 weeks from FID. Initial 7-Year mine-life. Targeting product
Slide 11: Cloncurry Project - Mining Restart & Development – Derisked
CLONCURRY PROJECT - MINING RESTART & DEVELOPMENT – DESRISKED Figure 3 (right). Great Australia Mine proposed and For personal use only permitted pit cutback Figure 4 (right). Proposed permitted Great Australia Mine footprint Figure 2. Proposed Great Australia Mine cutback design Investor Presentatio
Slide 12: Cloncurry Project - Wallace North
CLONCURRY PROJECT - MINING RESTART & DEVELOPMENT – DESRISKED WALLACE NORTH6 Wallace North advanced grade control drilling hits up to 14.05% Cu & For personal use only 25.70 g/t Au – exceeds resource modelling. AGC drilling completed September 2023, included 142 RC drillholes across 7,594m. Cu-
Slide 13: Cloncurry Project – Copper Sulphate Production
CLONCURRY PROJECT – COPPER SULPHATE PRODUCTION SX Plant and 3-Stage Crusher now fully operational. Recoveries higher than expected 82% (Raffinate 17%). For personal use only PLS grade and flows increasing. Currently producing 7-12 bags per day, production continuing to increase Break even
Slide 14: Cloncurry Project – Exploration Highlights
CLONCURRY PROJECT – EXPLORATION HIGHLIGHTS Great Australia Mine (GAM), GAM Resource & Greater Australian Target GAM - Drilling and IP survey results reveal For personal use only significant extension and resource growth potential. Drilling and exploration program across the Great Australia Mine
Slide 15: Cloncurry Project – Exploration Highlights
CLONCURRY PROJECT – EXPLORATION HIGHLIGHTS Great Australia Mine - Advanced Grade Control – Further Reserve Growth 4,5 Greater Australian Target IP Survey GAM AGC Drilling Orphan-Copperhead IP 5 lines (5.75-line kms) of IP over the Greater 136 holes for 8490 m of One line of IP for Australian Target
Slide 16: Greater Australia IOCG Target – IP Survey Discoveries
CLONCURRY PROJECT – EXPLORATION HIGHLIGHTS GAM – Large Greater Australia IOCG Target – exciting IP Survey discoveries 4 Mineralisation open at base of drilling - potential drill target Mineralisation at GAM conducive to IP geophysics dominantly stockwork sulphide For personal use only Low prob
Slide 17: Mt Oxide Copper-Cobalt Development Project
MT OXIDE COPPER-COBALT For personal use only DEVELOPMENT PROJECT 100% acquired by TNC 7 June 2023 Existing resources include1: 16Mt @ 1.43% Cu 9.1Mt @ 0.23% Co Vero Resource re-definition Q1 2024 Investor Presentation | November 2023 17
Slide 18: For personal use only
For personal use only Investor Presentation | November 2023 18
Slide 19: Mt Oxide Project – Vero Resource
MT OXIDE PROJECT – VERO RESOURCE First drillhole (MOXD217) of an initial diamond Inset drilling program returns phenomenal results A A’ including2: For personal use only • 66.50m @ 4.95% Cu, 32.7g/t Ag and 685ppm Co from 234.00m • inc. 20.60m @ 10.51% Cu, 63. g/t Ag and OPEN 66.50 m (48.00 m) at 4.9
Slide 20: Mt Oxide Project – Vero Resource
MT OXIDE PROEJCT – VERO RESOURCE Figure 13 (right): NW Figure 14 (left): Cross section of A NW MOXD225 (20m clipping Cross section of B MOXD217 (20m DORMAN FAULT window) showing the location of clipping window) ZONE DORMAN FAULT geological and grade For personal use only SE ZONE showing the A’ compo
Slide 21: Mt Oxide Project – Vero Resource
MT OXIDE PROJECT – VERO RESOURCE B C B’ For personal use only C’ MOXD100 -7.9 m @ 0.3% Co & 0.8% Cu from 80 m 10 MOXD061 - 26 m @ MOX017 – 14 m @ 0.23% Co from 111 m 10 3.7% Cu from 135 m 9 Cobalt Resource MOXD104 - 32 m @ High-grade 4.5% Cu, 44 g/t Ag & 0.02% Co from 287 m 9 Copper Feeder Cobalt Re
Slide 22: MOXD225 Confirms Phenomenal Mineralisation Continues
MT OXIDE PROJECT – VERO RESOURCE MOXD225 confirms phenomenal mineralisation continues7 MOXD225 assay results provide insight into Vero Resource zonation and principal For personal use only feeder system. MOXD225 hits two intersects of 26.20m @ 4.45% Cu and 46.60m @ 2.18% Cu. Highlights include:
Slide 23: Mt Oxide Project – Vero Resource
MT OXIDE PROJECT – VERO RESOURCE N N For personal use only 42.10m (41.00m*) @ 1.66% Cu, 13.5g/t Ag , 1,083 ppm Co from 154.90m inc. 8.00m (7.76m*) @ 2.07% Cu, 16.7g/t Ag, 1,340 ppm Co from 163.40m and inc. 4.00m (2.24m*) @ 7.65% Cu, 57.3/t Ag, 22.90m (14.67m*) @ 1.64% Cu, 18.5g/t Ag, 1,164 ppm Co fr
Slide 24: Final Drillhole 226A Intersects Exceptional Visual Mineralisation
MT OXIDE PROJECT – VERO RESOURCE Final drillhole 226A intersects exceptional visual mineralisation12 For personal use only Visual estimates (as previously announced 23 October 202312) from MOXD226A include: Visual results confirm exceptional 70.75m* from 224.55m consisting of four sub domains hi
Slide 25: Equity Raising Overview
For personal use only EQUITY RAISING OVERVIEW PRODUCTION GROWTH, RESOURCE GROWTH & DEVELOPMENT Investor Presentation | November 2023 25
Slide 26: True North Copper – Growth: Proposed Sources and Uses of Funds
TRUE NORTH COPPER – GROWTH Proposed sources and uses of funds Early funding to continue discovery growth and commence mining restart Source of Funds A$M Placement (up to $15M) A$15M For personal use only Proceeds of equity raise to be applied to fund GAM re-start, Cash A$1.2M accelerate exploratio
Slide 27: TNC: What's Next
TNC: What’s Next Mt Oxide is a phenomenally mineralised system – awaiting further assay results. For personal use only Mt Oxide scoping studies continuing Cloncurry exploration – the Cloncurry Project offers high quality exploration targets on granted mining leases. Crystal Production and op
Slide 28: High-Grade Copper, Growing Resources & Production
High-Grade Copper ASX:TNC Growing Resources & For personal use only Production New Australian Copper Company Investor Presentation | November 2023 28
Slide 29: Thank you
For personal use only Thank you MARTY COSTELLO +61 429 741 120 marty.costello@truenorthcopper.com.au 29
Slide 30: True North Copper Resource and Exploration Pipeline
TRUE NORTH COPPER RESOURCE AND EXPLORATION For personal use only PIPELINE Investor Presentation | November 2023 30
Slide 31: References
REFERENCES 1. Resource figures provided are based on the previously announced mineral resource 12. True North Copper Limited. ASX (TNC): 23 October 2023, Vero Resource, exceptional estimates disclosed in the Company’s ASX Release dated 28 February 2023: Acquisition of visual copper mineralisation Tr