Our Assets
Cloncurry Copper Project
Status
Exploration and Evaluation
Jurisdiction
Tier 1, Australia
Ownership
100% TNC
Location
North West Queensland
Mineral Resources
101.25 kt Cu, 76.62 koz Au, 1.86 kt Co (JORC 2012)
Metals
Copper
Cobalt
Gold
Project Overview
The Cloncurry Project (CCP) is centred around the Great Australia Mine (GAM) Complex (located at Cloncurry in North West Queensland) and has global JORC 2012 compliant resources containing 101.25 kt Copper (Cu), 76.62 koz Gold (Au) & 1.86 kt Cobalt (Co) (Indicated and Inferred).
The CCP is supported by extensive existing infrastructure at our Cloncurry Operations Hub (COH), including a 100% owned refurbished Solvent Extraction (SX) plant, flotation plant, crusher, heap leach and tailing facilities (currently in care and maintenance).
Multiple high-quality exploration targets that have the potential to add significantly to the mining resource base have been identified within the CCP.
Our exploration efforts at the Great Australia Mine have identified previously undrilled and newly defined large-scale geophysical anomalies. These anomalies suggest the presence of potential feeder zones to known mineralisation or new zones of mineralisation adjacent to historical open pit operations.
Compelling geophysical targets at the Wallace North mining lease indicate the potential for deep extensions of the high-grade mineralisation at the base of the potential open pit. Other anomalies represent multiple untested, shallow, potentially high-grade copper-gold bearing lodes that are undrilled, all within the active mining lease.
Additionally, multiple compelling mineral systems have been identified within the CCP mining district, including Salebury, Marimo and the Mt Norma trend. Each of these systems remain underexplored but have geological attributes that indicate they are highly prospective for large-scale company transformational discoveries of Cu-Au-Ag-Co mineralisation.
True North believes the CCP has the attributes required to become a significant near-term mining hub, contributing to Australia’s copper supply and supporting the resources needed to help deliver a global energy transition.
Key Highlights
Extensive Resources
The Cloncurry Copper Project has defined JORC 2012 compliant resources on permitted mining tenure. Approximately 90% of the defined resources for the Cloncurry Copper Project are located on granted mining leases with approvals in place.
Infrastructure Advantage
True North Copper owns crushing, leaching and processing facilities centrally located proximal to power, seal roads and rail infrastructure – linking the Mt Isa Smelter to the Port of Townsville. Milling and concentrating toll treatment facilities, with spare capacity, are within trucking distance from the resource base located on existing mining leases.
Permitted Mine
The Great Australia Mine (GAM) at Cloncurry is fully permitted for heap leach oxide treatment with underutilised tailing facilities and spare heaps ready to feed the SX plant.
Multiple Exploration Targets
Excellent resource growth opportunities on mining leases, close to open pits, identified through new exploration.
Strategic Landholding
True North Copper holds strategic land positions, with multiple large-scale mineral systems, offering potential for company transformational Cu-Au discoveries within an infrastructure advantaged hub.
