True North Copper plans to restart mining operations at its Cloncurry project in Q4, with $367M revenue and $111M free cash flow.
True North Copper (TNC) plans to restart mining operations at its Cloncurry project in North Queensland by Q4 of the current financial year, with $367M projected revenue and $111M free cash flow. Following monsoonal rains, site preparation, equipment mobilization, and staff onboarding have been accelerated. The low-risk, low-cost project aims to develop Mt Oxide as the next mine, using a toll milling agreement with Glencore to process up to 1M tonnes of ore per year.
April 06, 2024
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