True North Copper (ASX:TNC) has increased its resource estimate at the Cloncurry Copper Project (CCP) in Northwest Queensland, fuelling the baseline for ongoing Prefeasibility Study (PFS) work.
The project now hosts a resource of 109,000 tonnes of contained copper and 84,000 ounces of gold, representing a 7% and 9% respective increase from the previous resource determined at the Great Australia and Taipan prospects.
The Great Australia prospect has increased resources by 13.5% to 5.29 million tonnes @ 0.86% copper and 0.07 grams per tonne gold.
Meanwhile, the Taipan prospect holds a resource estimate at 5.21 million tonnes @ 0.57% copper, 0.13 grams per tonne gold, and 0.02% cobalt. Taipan has increased its indicated resource from 90% to 95%.
The updated resource will be incorporated into ongoing PFS work, providing a technical baseline to support the evaluation of future development options and underground potential.
The company will conduct further metallurgical and geotechnical drilling and testwork across the project, along with targeted extension and infill drilling at the Wallace North prospect.
Managing Director Andrew Mooney says the updated resource for these two prospects builds “directly on the technical baseline established at Wallace North and provides a stronger, more current resource platform across the Cloncurry Copper Project”.
“The uplift in tonnes and contained metal – taking the Cloncurry Copper Project to around 109,000 tonnes of contained copper, alongside gold – together with a higher proportion of indicated material, reinforces our confidence in the geological model and improves the quality of inputs into our 2026 Prefeasibility Study work,” Mooney says.
“With PFS activities underway and drilling programs set to commence across CCP, our focus is on targeted extension and infill opportunities, as well as priority regional targets, to continue growing the resource base and advance development options in the short to medium term.”
True North Copper is focused on advancing its portfolio of copper assets in North Queensland.
Write to Maddison Elliott at Mining.com.au
Images: True North Copper
