With a strengthened operational team now in place and the start of mining at Wallace North, True North Copper (ASX:TNC) has plenty to talk about at this week’s Noosa Mining Investor Conference.
The True North story will be presented this year by newly-appointed Managing Director Bevan Jones on Friday 19 July at 10.30am AEST.
Jones took the helm of the Australian copper producer in early June, bringing his nearly three decades of mine management and operations experience to the company as it prepared to start mining.
In early July, the company started mining the Wallace North deposit, part of its Cloncurry Copper Project (CCP) in Queensland.
Wallace North is one of four open pit deposits at the CCP and hosts a reserve of 700,000 tonnes @ 1.01% copper and 0.46 grams per tonne (g/t) gold for 6,800 tonnes of copper and 10,000 ounces of gold.
The CCP is forecast to generate free cash flow of around $200 million at current copper spot prices over its initial 4.6-year mine life, based on existing reserves.
The red metal is again gaining ground, with demand largely spurred on by global electrification, and is selling for US$9,877 ($14,609) a tonne.
Jones says at the Noosa event he will be discussing both the recent achievements and future plans for True North Copper at its Queensland operations.
“Particularly, I’ll cover the restart of mining operations at Wallace North within our Cloncurry Copper Project and TNC’s journey into metal production,” he tells this news service.
The presentation will also deliver an update on the status of the company’s planned exploration programs at the Mt Oxide tenements, as well as the near-mine exploration targets around Cloncurry and how they potentially fit into True North’s overall growth strategy.
Jones says the Noosa Mining Investor Conference, being held from 17-19 July, is a leading mining event in not only Queensland but all of Australia.
“As a mining company based in North Queensland, True North Copper was eager to again attend the conference as a presenter to highlight the company’s recent activities and strategy for the future to potential new and existing investors,” he says.
Jones adds that with mining now underway at Wallace North, a key focus of True North’s upcoming newsflow will be on the progress being made at the Cloncurry Copper Project.
“Exploration is also important for TNC in the second half of 2024 and we will provide news on the programs we have planned at both the Cloncurry Copper Project and Mt Oxide,” he says.
Mining.com.au is a media partner of this year’s Noosa Mining Investor Conference, being held at the Peppers Noosa Resort. To register click here.
Write to Angela East at Mining.com.au
Images: True North Copper
