True North Copper Limited (ASX: TNC) has updated the Copper-Silver Mineral Resource estimate for its 100%-owned Vero deposit within the Mt Oxide Project in Queensland. The new estimate, compliant with JORC 2012, includes 15.03 million tonnes at 1.46% copper and 10.59 g/t silver, totaling 220,000 tonnes of copper and 5.13 million ounces of silver, marking a 20% increase in silver ounces. The updated resource reflects a minimal 3% decrease in copper metal tonnes after reassessing underground mine voids and enhancing the geological model based on 2023 confirmatory drilling. Additionally, revised geotechnical and metallurgical studies will provide information on Vero's potential mining options. The ongoing MIMDAS IP program at Mt Oxide aims to identify drill targets for further resource expansion at depth.
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.