True North Copper (AU:TNC) has released an update.
True North Copper Limited proudly announces the initiation of mining operations at the Wallace North deposit in Queensland, marking the commencement of its Cloncurry Copper Project. The project is poised to become Australia’s newest copper and critical metals provider, with an anticipated free cash flow of approximately $200 million over an initial 4.6-year mine life at current market prices. The company has secured vital offtake and toll milling agreements with Glencore International AG, underscoring a significant step towards full-scale production.
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