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6 stories mentioning ASX:TNCUpdated 5d ago

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Asia

True North Copper Confirms Continuity of Mineralized System at Queensland Project; Shares Up 3%

True North Copper (ASX:TNC) confirmed the continuity of a broad copper-cobalt-silver mineralized system with higher-grade zones at the Aquila discovery within the Mt Oxide project in Queensland, according to a Tuesday filing with the Australian bourse.Results from the first three diamond drill holes completed as part of this year's drilling program returned 35 meters at 0.8% copper, 0.04% cobalt, and 3.4 grams per tonne grade of silver from 32 meters, including 9.2 meters at 2.2% copper and 4 meters at 4.1% copper, the filing said.Further assays are expected over the coming months, per the filing.Shares rose nearly 3% in afternoon trade Tuesday.

ASX:TNC
Asia

True North Copper Agrees to Sell Queensland Copper Project to Tec Minerals

True North Copper (ASX:TNC) agreed to sell its Bundarra copper project in Queensland to Tec Minerals for AU$500,000 in cash and AU$1 million worth of shares in the listed entity in Tec Minerals' proposed initial public offering or reverse takeover, according to a Monday filing with the Australian bourse.True North Copper retained a 1% net smelter return royalty over future copper production at the project, with Tec Minerals having the right to repurchase the royalty for AU$3 million, per the filing.The deal is subject to Tec Minerals undertaking an IPO or being acquired in a reverse takeover, as well as regulatory approvals.

ASX:TNC
Asia

True North Copper Completes Acquisition of Renegade Exploration's Interest in Queensland Joint Venture

True North Copper (ASX:TNC) completed the acquisition of Renegade Exploration's (ASX:RNX) interest in the Carpentaria joint venture in Queensland, following the expiry of the right of first refusal period without exercise by Glencore, according to a Thursday filing with the Australian bourse.The transaction allows the company to consolidate ownership across the Mongoose-Taipan corridor and secure future exploration opportunities next to the Cloncurry project, the filing said.True North Copper shares rose 2% in midday trade on Thursday.

ASX:RNXASX:TNC
Asia

True North Copper Says Queensland Copper Project Drilling Shows Potential for Incremental Resource Growth

True North Copper (ASX:TNC) said its exploration and resource extension reverse circulation drilling at the Great Australia Mine (GAM), part of the Cloncurry copper project in Queensland, showed the potential for incremental resource growth surrounding the existing GAM resource, according to a Tuesday Australian bourse filing.It encountered intercepts of 10 meters at 0.88% grade of copper and 0.15 grams per tonne grade of gold from 78 meters, as well as 13 meters at 0.38% grade of copper and 0.08 g/t grade of gold from 30 meters.Diamond drilling samples for metallurgical, geotechnical, and geological studies were dispatched to support future reserve conversion, mine planning, and prefeasibility study workstreams, targeted for the December quarter.

ASX:TNC
Asia

True North Copper Says Induced Polarization Program at Queensland Project Completed

True North Copper (ASX:TNC) said an around 7-line kilometers phase one induced polarization geophysics program was completed at its Mt Oxide project in Queensland, according to a Tuesday Australian bourse filing.The program expanded the potential strike of the Aquila copper-cobalt-silver discovery, extending the Aquila target around 500 meters to the north, and generated additional high-priority drill targets along the Mt Gordon Fault Zone, per the filing.

ASX:TNC
Asia

True North Copper Completes Drilling Program at Queensland Copper Project, Shares Jump 4%

True North Copper (ASX:TNC) completed 3,500 meters of reverse circulation drilling and 2,300 meters of diamond drilling at the Cloncurry copper project in Queensland, according to a Tuesday Australian bourse filing.Follow-up drilling at Wallace North tested recently defined high-priority electromagnetic and induced polarization survey targets with potential to extend mineralization beyond the current resource and increase mine life.It plans to complete the metallurgical and geotechnical test work programs through to September to support future mine planning, reserve conversion, and development studies.Shares rose 4% in recent trading on Tuesday.

ASX:TNC

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