The wider Mt Oxide district sits in a structurally tangled part of the world-class Mt Isa Inlier, where breccias, major faults and iron-rich gossans have long acted as conduits for copper-silver-cobalt mineralisation. It is also in serious mining country, hosting historic producers such as Monakoff and the Great Australia mine, both now back in the exploration spotlight.
Exploration boss Barry Jones says Mt Oxide is a rare opportunity to systematically unlock a high-grade copper district that has seen little modern exploration. The phase two results have boosted confidence in the geometry, thickness and continuity of the mineralisation as the company assesses how Mt Oxide may complement its Cloncurry copper project.
Planning is now underway for a fully funded 2026 exploration program, including diamond drilling, to be followed by targeted RC step-out drilling focused on extending mineralisation at depth and along strike. True North says it also plans to expand IP coverage across multiple trends and test priority targets along the broader 10km-plus structural corridor.
Mt Oxide sits 140 kilometres north of Glencore’s Mt Isa copper concentrator and smelter, providing enviable infrastructure leverage. Glencore is also one of True North’s largest shareholders, adding further weight to the project’s strategic significance.
With scale, continuity and multiple parallel targets now emerging, True North Copper appears well placed to advance a multi-target copper district in one of Australia’s most prospective base metals regions.
Is your ASX-listed company doing something interesting? Contact: mattbirney@bullsnbears.com.au
