True North Copper (AU:TNC) has released an update.
True North Copper Limited (TNC) has successfully commenced transportation of the first oxide ore from its Wallace North deposit to the Great Australia Mine (GAM) crusher, with plans to start stacking on the leach pad in October 2024. This marks a stride towards TNC’s goal of becoming Australia’s next copper producer by Q1 2025, with the Cloncurry Copper Project poised to generate an estimated $200 million in free cash flow over 4.6 years. The company is also on a recruitment drive, aiming to fill numerous positions by mid-October to support the expanding operations.
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