The Great Australia Mine within the Cloncurry project now hosts a resource base of 5.29 million tonnes at 0.86% copper, 0.07 g/t gold, and 0.03% cobalt, representing a 13.5% increase with more Indicated material.

The Wallace North deposit, about 35 km southeast of Great Australia, has been upgraded to about 2 million tonnes at 1.28% copper and 0.77 g/t gold, containing roughly 25,000 tonnes of copper and 50,000 ounces of gold.

True North Copper has lifted the Cloncurry copper project’s contained copper by around 7% to 109,000 tonnes and gold ounces by about 9% to 84,000 ounces due to advanced drilling and better geological modelling.

The stronger resource base supports an upcoming prefeasibility study later this year, which will evaluate development options including open pits and underground extensions, and will firm up metallurgy and geotechnical parameters.

Metallurgical work is focusing on evaluating SX-EW processing for oxide ore at the mine site, which could lower capital costs relative to smelting.

Specifically, metallurgical programs will assess recovery and consider SX-EW as a preferred process for certain oxide ore, aiming to reduce capital expenditure compared with traditional smelting.

Cloncurry benefits from existing infrastructure—crushing, leaching, processing facilities, transport, and power—and its proximity to Ernest Henry mine enhances development prospects.

A prefeasibility study for Cloncurry is planned for later in the year, with about 3,000 metres of drilling to support extension and infill work and targeted regional targets.

The planned 3,000 metres of additional drilling will focus on extending and infilling resources and pursuing regional targets to grow the resource base.

Overall, True North is building a modern copper-gold growth story at Cloncurry with multiple development pathways and continuous resource growth.