True North Copper Limited ($TNC) Shares Drilling & Production Plans on Copper Projects in Queensland
SmallCap Asia | 亚洲小盘股 Apr 27, 2026
Summary
True North Copper plans systematic drilling over the next two to three years, with CEO Andrew Mooney targeting Cloncurry production next year.
Mount Oxide is the high-grade, medium-term project; last year's drilling included 7 metres at almost 8% copper inside a 145-metre intercept.
Mooney argues True North Copper benefits from existing Mount Isa processing and smelting infrastructure and high-grade, near-surface discoveries.
Mooney says assay results and studies landing in coming months make now, in his view, a good entry point for TNC.
Andrew Mooney's takeaways
- Top takeaway Argues the coming months are the window to get on board with TNC, before assay results (expected within one to two months) and study results (mid-to-late 2026) start landing.
- Lays out a two-project strategy: two to three years of systematic drilling, with Cloncurry as the near-term production play — potentially in production next year — and Mount Oxide as the high-grade, medium-term standalone opportunity.
- Points to the company's 2025 discovery — 145 metres at 0.75% copper including 7 metres at almost 8% — as evidence of high-grade, near-surface copper.
- Frames the Mount Isa location as a key advantage, citing existing regional infrastructure including Glencore's processing plant and smelter.
Sing Ying's takeaways
- Top takeaway Hosts the interview at the Ignite Investment Summit in Singapore, asking the TNC CEO about the company's origins, two-project strategy, advantages over peers, and the case for investing now.