InvestSMART

True North Copper Limited (ASX:TNC)

ALERT: Price-sensitive ASX Announcement for TNC
Current share price for TNC : $0.420 0.02 (5%)+
Announcement
Release
19 May 2026 9:40AM
Price at Release
$0.400
Full Release
download
Summary
True North Copper Limited has completed a significant Phase 1 IP geophysics program at their Mt Oxide Project, which has successfully extended the Aquila discovery by approximately 500 meters to the north. This initiative has revealed new high-priority drill targets along the Mt Gordon Fault Zone and identified additional anomalies at the Apollo and Acanthis prospects. The findings underline the potential for further growth of the high-grade Aquila copper-cobalt-silver mineralisation, which remains open along strike and at depth. This program reinforces the efficacy of the geophysics-led exploration strategy employed by the company and lays the groundwork for the next phase of drilling and exploration activities, including surface mapping and sampling of newly defined anomalies.
Key Points
  • True North Copper Limited completed a Phase 1 Induced Polarisation (IP) geophysics program at the Mt Oxide Project, extending the Aquila discovery.
  • The program expanded the potential strike of the Aquila copper-cobalt-silver discovery by approximately 500 meters to the north.
  • Additional high-priority drill targets were identified along the Mt Gordon Fault Zone, including new anomalies at Apollo and Acanthis prospects.
  • The Phase 1 IP program has provided important data to refine future drilling and explore newly identified parallel structures.
  • Aquila remains open along strike and at depth, validating the geophysics-led targeting approach of True North Copper.
  • The results suggest potential further growth of high-grade mineralisation north of the Aquila discovery.
  • Newly defined anomalies require surface follow-up mapping and geochemical sampling.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.