True North Copper Limited
AASX:TNC0.24
AUD
-0.01
(-5.88%)
ISIN
AU0000282246
Return %
Stock
S&P 500
1Y
-25.00
14.20
3Y
-98.25
81.12
5Y
-99.42
68.34
Capital Structure
AUD
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in mil. unless spec.Working Capital
AUD
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in mil. unless spec.Growth Rates
AUD
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in mil. unless spec.Semi-annual Revenue
AUD
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in mil. unless spec.Semi-annual Earnings Per Share
AUD
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in mil. unless spec.Semi-annual Dividends Per Share
AUD
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in mil. unless spec.Company Description
- CEO
- Andrew Mooney
- Full Time Employees
- 10
- Sector
- Non-energy minerals
- Industry
- Other metals/Minerals
- Address
- Great Australia Mine Cloncurry QLD Australia 4824
- IPO Date
- Nov 10, 2020
- Website
- truenorthcopper.com
- Similar Companies
- Business
- True North Copper Limited is an Australian mineral exploration and development company focused on copper, cobalt and other critical minerals. The business centers on proceeding advanced-stage and near-term mining projects across Queensland, with a primary emphasis on the Cloncurry Project (including the Great Australia Mine complex) in north‑west Queensland and the Mount Oxide Project in the Mt Isa region, along with the Bundarra Project in Central Queensland, pursuing resource expansion, feasibility studies, and development milestones. Founded in 2006, the company is headquartered in Cloncurry, Queensland, and operates across Australia with a strategy to advance mining Restart/Development plans, secure off‑take arrangements, and establish tolling or offtake partnerships to de‑risk capital programs. Main products and services - Copper production and development services: exploration, resource delineation, feasibility studies, mine restart planning, and eventual mining of copper deposits at Cloncurry (Wallace North) and Mount Oxide (Vero Resource), including associated processing and logistics planning; - Cobalt and other critical minerals exploration: assessment and development of cobalt-bearing, gold and silver prospects within the Cloncurry, Mt Oxide, and Bundarra project areas; - Project development services: geological modeling, resource estimation, mine scheduling, and optimization studies; engineering, site infrastructure planning, power and camp logistics, and environmental and permitting activities; - Offtake and partnership services: securing and negotiating offtake agreements and strategic partnerships to monetize future production and align financing with development milestones; - Funding and capital solutions: participation in debt facilities and equity transactions to fund project advancement, mining restart activities, and exploration programs. Latest major company changes - Strategic partnerships and financing: enters into debt facilities and strategic partnerships to fund development, including off‑take/toll arrangements and equity subscription agreements to support restart plans and expansion; - Project milestones and restart plans: advances CCP Mining Restart Study confirming feasibility and short payback, progresses Wallace North de‑risking and resource estimation, and targets commencement of mining activities in late FY24; - Resource development and optimization: re‑estimation of Vero Resource at Mt Oxide and associated mine optimization studies to position Mt Oxide for future production; - Corporate and capital raises: secures funding and supports capital structure through US dollar or Australian dollar facilities and equity investments to accelerate near-term development and exploration activities; - Operational readiness: cost controls and enhanced management reporting to improve project execution and governance, aligning with a staged development pathway across Cloncurry and Mt Oxide projects. Additional context - Industry and segments: mining and mineral exploration with a focus on copper, cobalt, and related critical minerals; project development and potential mineral concentrates; - Target markets: institutional investors and strategic partners seeking exposure to copper and electrification‑related critical minerals; - Geographic footprint: operations and exploration activities across Queensland, Australia, with potential ancillary activities in neighboring regions as projects advance; - Corporate structure: independent Australian listed company on the ASX with multiple project interests in Queensland; potential subsidiaries or project‑level SPVs tied to specific deposits or mining licenses; - Founding and headquarters: founded in 2006; headquarters in Cloncurry, Queensland.