True North Copper Completes Drilling at Cloncurry Project Ahead of 2026 Study
True North Copper has successfully completed a significant drilling campaign at its Cloncurry copper project in northwest Queensland, marking a crucial milestone toward its planned pre-feasibility study (PFS) scheduled for the fourth quarter of 2026. The program involved drilling 5,800 meters, comprising 3,500 meters of reverse circulation holes and 2,300 meters of diamond drilling across priority targets such as the Great Australia Mine, Taipan, Orphan Shear, and Wallace North prospects. This initiative aims to extend resources, enhance geological confidence, and gather essential metallurgical and geotechnical data required for the company’s first reserves estimate. Assay results from the reverse circulation drilling are expected by early June, with diamond drilling outcomes and technical study results due by September. These findings will inform updated resource models and support the upcoming PFS. Additionally, the company has initiated a separate 6,000-meter drilling program at its Mt Oxide project to expand the Aquila copper-cobalt-silver discovery. Managing Director Andrew Mooney emphasized that these efforts are designed to establish a robust, right-sized project with a credible near-term production pathway, supported by disciplined technical studies and resource growth.
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True North Copper Completes Drilling at Cloncurry Project Ahead of 2026 Study
True North Copper has successfully completed a significant drilling campaign at its Cloncurry copper project in northwest Queensland, marking a crucial milestone toward its planned pre-feasibility study (PFS) scheduled for the fourth quarter of 2026. The program involved drilling 5,800 meters, comprising 3,500 meters of reverse circulation holes and 2,300 meters of diamond drilling across priority targets such as the Great Australia Mine, Taipan, Orphan Shear, and Wallace North prospects. This initiative aims to extend resources, enhance geological confidence, and gather essential metallurgical and geotechnical data required for the company’s first reserves estimate. Assay results from the reverse circulation drilling are expected by early June, with diamond drilling outcomes and technical study results due by September. These findings will inform updated resource models and support the upcoming PFS. Additionally, the company has initiated a separate 6,000-meter drilling program at its Mt Oxide project to expand the Aquila copper-cobalt-silver discovery. Managing Director Andrew Mooney emphasized that these efforts are designed to establish a robust, right-sized project with a credible near-term production pathway, supported by disciplined technical studies and resource growth.
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