True North Copper Limited (AU:TNC) has released an update.
True North Copper’s Q3 FY24 report highlights strategic advancements, including a US$28M loan facility with Nebari and an off-take agreement with Glencore for their Cloncurry Copper Project. The company has also finalized their maiden Wallace North Reserve, contributing to an increased total Ore Reserve, and is set to commence mining in Q4 FY24. Additionally, they have received a Queensland Government grant for exploratory geophysical surveys at Mt Oxide and reported strong copper sales despite weather disruptions.
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