TNC delivering near-term production and long-term growth: TNC is
advancing its Mt Isa based Cloncurry and Mt Oxide copper projects. Mt Oxide
is an emerging district scale copper system. It is underpinned by the existing
Vero Resource, and is now set to grow rapidly as TNC executes an extensive
drilling campaign to follow up on the 2025 Aquila discovery. In parallel with Mt
Oxide development, Cloncurry is rapidly advancing towards production with a
PFS due by the end of 2026. This is likely to lead straight into a low-capital
intensity development based around existing infrastructure and toll-treating
processing solutions delivering production from mid-2027.