True North Copper (ASX:TNC) has been granted $250,000 from the Queensland Government through its Collaborative Exploration Initiative to fund geophysical surveying at the Mt Oxide Copper Project in North Queensland.
The company will target the Mt Gordon and Dorman Fault Zones within the project, using an unmanned aerial vehicle sub-audio magnetics survey to measure both magnetic and electrical conductivity responses.
Prospects targeted include Aquila, Apollo, Acanthis, Camp Gossans, and Ivena for a refined geological framework.
The survey intends to target extensions to known mineralisation and new targets that have not previously been tested.
The goal of the geophysical survey is to detect conductive near-surface and depth-extending features that host the potential to be associated with copper-cobalt-silver sulphide mineralisation.
CEO Andrew Mooney says the grant received is “highly competitive” and will allow the company to accelerate exploration.
“Importantly, this program builds on the success of our 2025 Aquila discovery, which was driven by geophysical targeting, and expands that approach across the Dorman and Mt Gordon Fault Zones as we continue to grow Mt Oxide,” Mooney says.
“The data generated will directly inform our 2026 drilling program, improving targeting efficiency and increasing our probability of making further discoveries.
“This is another important step in our strategy to grow Mt Oxide into a multi-deposit copper district in the Mt Isa region.”
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
