Key Highlights
- True North Copper entered voluntary administration in October 2024, was recapitalised through a AUD 50.3 million underwritten placement at AUD 0.005 and a one-for-100 share consolidation, and was reinstated to ASX quotation in January 2025; it currently trades under its original name and TNC ticker.
- The company is pre-revenue: mining at Wallace North ceased in October 2024, the Great Australia processing hub is in care and maintenance, and the February 2024 Mining Restart Study is no longer relied upon.
- A Cloncurry pre-feasibility study and maiden ore reserve are guided to the December 2026 quarter, the same window in which AUD 7.5 million of deferred Mt Oxide consideration…