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True North Copper Limited (ASX:TNC)

ALERT: Price-sensitive ASX Announcement for TNC
Current share price for TNC : $0.415 -0.015 (-3.49%)+
Announcement
Release
18 Jun 2026 8:24AM
Price at Release
$0.430
Full Release
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Summary
True North Copper Limited (ASX:TNC) has completed the acquisition of Renegade Exploration Limited's interest in the Carpentaria Joint Venture (CJV), which includes the Mongoose Resource. This acquisition allows TNC to consolidate the Mongoose into the Cloncurry Copper Project, enhancing the project's scale, potential resource growth, and long-term value. The Mongoose Resource, alongside the adjacent Taipan Resource, is being evaluated for development within a broader framework as part of the CCP Pre-Feasibility Study. Recent drilling results, which suggest potential for resource expansion, are not yet included in the existing Mineral Resource estimates. The acquisition also provides TNC with additional exploration opportunities across the CJV tenure.
Key Points
  • Acquisition of Renegade's interest in the Carpentaria Joint Venture completed.
  • Consolidation of Mongoose Resource into Cloncurry Copper Project.
  • Potential for resource growth and project optimization.
  • Recent drilling suggests further expansion of Mongoose Resource.
  • Integration of Mongoose and Taipan deposits for broader development framework.
  • Additional exploration opportunities within CJV tenure.
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.