True North Copper (TNC) has progressed mining activities at the Wallace North deposit, part of its Cloncurry Copper Project (CCP) in Queensland, and commenced first ore block mining from the 180 bench.
In July TNC announced the commencement of mining activities at Wallace North, one of four open-pit deposits making up the CCP. Wallace North has an ore reserve totalling 0.7Mt (probable) grading 1.01 per cent copper (Cu) and 0.46g/t gold (Au) for 6.8kt Cu and 10.0koz Au.
Ore will be transported to TNC’s Cloncurry Operations Hub for crushing and stacking to existing heap leach pads. Irrigation of the ore will follow soon after and contribute to improved copper production from the solvent extraction plant.
TNC has a binding offtake agreement with global commodity trader Glencore for 100 per cent of copper concentrate produced at CCP.
True North Copper’s Managing Director, Bevan Jones, said that the company is delighted by the progress made by its team at Wallace North following the mining restart in July.
“TNC is moving closer to becoming Australia’s next copper producer with first ore mined and delivered to the RoM pad,” Mr Jones said.
“Wallace North ore is expected to start being transported to our Cloncurry processing hub this month. This progress is a testament to the hard work and commitment of our team at CCP and provides momentum for the company as we near this major milestone.
“Our steady progress strengthens TNC’s position as an emerging copper and critical metals company based in North Queensland. With significant news flow ahead on this front, we look forward to providing regular updates on mining activities at CCP.”
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