Our Assets
Mt Oxide Project
JURISDICTION
Tier 1, Australia
Exploration Tenure
EPM 10313, 14660, 16800 (123km2)
Current Activities
Exploration and Development
Ownership
100% TNC
Mineral Resouces
228kt Cu, 4Moz Ag, 21kt Co (JORC 2012)
Location
North-West Queensland
Metals Produced
Copper
Cobalt
Silver
Project Overview
The Mt Oxide Project has established infrastructure, including an exploration camp and proximity to a processing plant and power grid. The Mt Oxide Project offers excellent development and exploration potential.
True North Copper’s immediate Mt Oxide Project exploration and development program will focus on the Vero Resource and its high-grade copper and cobalt resources.
More than 110,000 metres of historical drilling has already been undertaken across the Vero Resource.
More than 75% of the Vero Resource is in JORC 2012 indicated status or better with existing resources identified as containing 228.18 kt of copper (Cu), 21.20 kt of cobalt (Co), and 4.26 Moz of silver (Ag).
The Vero Resource consists of 15.98 Mt of ore at 1.43% copper and 6.91 g/t silver, as well as 9.15 Mt at 0.23% cobalt. These resources are open-to-depth, indicating the potential for further high-grade copper, cobalt and other mineral discoveries.
Key Highlights
Substantial Resources
The Mt Oxide Project holds substantial resources, including 228.18 kt copper, 21.20 kt cobalt, and 4.26 Moz silver. These resources offer significant potential for long-term production and profitability.
Established Infrastructure
The project benefits from existing infrastructure, including an exploration camp and proximity to the Capricorn Copper Mine’s (owned by 29Metals) processing plant and power grid, which can be leveraged for efficient operations.
Resource Confidence
Across the Vero Resource there has been more than 110,000 metres of historical drilling. More than 75% of the resource is in JORC 2012 indicated status or better.
Development Potential
The Mt Oxide Project has excellent development and exploration potential, with resources open-to-depth and a long-strike in both directions.
Extensive Corridors
The project encompasses the 11 km Mt Oxide Corridor, which contains copper-cobalt-lead-zinc mineralization, and the 8 km Big Oxide Corridor, known for lead-zinc (copper-cobalt) mineralization. These corridors offer multiple targets for resource expansion.
Strategic Land Position
The project benefits from a strategic landholding, providing opportunities for exploration and resource discovery beyond the known mineralized areas.
High-Grade Vero Resources
The project includes the Vero Resource, which consists of 15.98 Mt at 1.43% copper, 6.91 g/t silver, and 9.15 Mt at 0.23% cobalt. These high-grade resources contribute to the project’s value and potential profitability.
