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TRUE NORTH COPPER LIMITED (TNC)

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ASX, Legal & CGT Status

Former (or subsequent) names

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Our website ranking of TNC: rating 2
(2 out of 5)
COMPANY WEBSITE:

 

REGISTRY:

Automic Group
Level 5, 191 ST GEORGES TERRACE PERTH WA 6000
Tel : +61 (2) 8072 1400 or 1300 288 664 (within Australia)
RegistryWebsite RegistryEmail

Company details

ISIN: AU0000282246
Address: Level 9, City Central Tower 46-48 Sheridan Street Cairns Qld 4870
Tel:  (07) 4031 0644

Date first listed: 10/11/2020

Sector: Materials 
Activities: Exploration

News & Events

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The suspension of trading in the securities of True North Copper Limited will be lifted immediately following the release by TNC of an announcement regarding TNC's maiden ore reserve statement for the Great Australia Mine.

04/07/2023

MEC Mining prepared an Initial JORC 2012 Reserve Statement for the Great Australia Mine that estimates a reserve of 4.0 million tonnes of ore at 0.74% copper and 0.08g/t gold. This reserve is based on the previously announced mineral resource estimates disclosed in the Company's ASX release dated 28 February 2023 and its Prospectus, dated 3 May 2023. The ore reserve has been compiled based on this drill hole data, with no change or addition to this data. Initial Reserve Statement applies to the Great Australia Mine reserve located on existing mining leases, with environmental approvals in place. The Great Australia Mine is one of a number of TNC owned tenements that form part of TNC's Cloncurry Project. Mining restart studies at the Great Australia Mine are advanced, with completion expected in Q3 CY23. The forward looking financial information relating to the project set out in this announcement (which underlies the initial Reserve estimation for Great Australia, Taipan and Orphan Shear) will be refined through those mining restart studies. Decision on full recommencement of full-scale mining operations expected in Q3 CY23. TNC will soon start another resource definition and expansion drilling program across the Cloncurry Project, with the goal of identifying further resource and reserve tonnes for its mineral inventory.

04/07/2023

The company requests a further voluntary suspension of its securities from the commencement of trading on 4 July 2023 pending the release of an announcement to ASX regarding the commpany's maiden ore reserve statement for the Great Australia Mine, part of the company's 100% owned Cloncurry Project in Queensland. The suspension is requested until the company makes an announcement to the market which it expects to make on or before 5 July 2023.

04/07/2023

The securities of True North Copper Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of TNC, pending the release of an announcement regarding TNC's maiden ore reserve statement for the Great Australia Mine.

29/06/2023

The suspension of trading in the securities of True North Copper Limited will be lifted from the commencement of trading on Monday, 19 June 2023 following its re-compliance with Chapters 1 and 2 of the ASX Listing Rules.

16/06/2023

The company releases the following: Appendix 1A, Information Form and Checklist and Annexure 1, Prospectus, Constitution, 30 June 2022 Accounts, 31 December 2022 HY Accounts, CopperCorp Pty Ltd - 30 June 2022 Accounts, CopperCorp Pty Ltd - 31 December 2022 HY Accounts, Employee Incentive Securities Plan, Securities Dealing Policy, Distribution Schedule, Top 20 Holders, Pre-reinstatement Disclosures.

16/06/2023

It is anticipated that the securities of True North Copper Limited will be reinstated to quotation at 10:09:00AM (+/- 15 seconds) AEST on Monday, 19 June 2023, following its re-compliance with Chapters 1 and 2 of the ASX Listing Rules. TNC raised $37,347,100 pursuant to the offer under its prospectus dated 3 May 2023 by the issue of 149,388,400 shares at an issue price of $0.25 per share.

16/06/2023

TNC Mining has completed the Mt Oxide Acquisition. The Mt Oxide Project complements the existing Cloncurry Project and comprises three exploration permits located approximately 140km North of Mt Isa in Queensland. TNC Mining has paid $30,000,000 in cash from funds raised under the Offers as consideration for the Mt Oxide Acquisition. As outlined in the Prospectus, a deferred payment of $15,000,000 is payable within 2 years after completion of the Mt Oxide Acquisition, which the Company expects to fund through a combination of debt and equity to be raised at a later date, during the second year after completion. The Company remains on track to satisfy the requirements in the Conditional Approval letter to achieve a requotation date of 19 June 2023.

08/06/2023

Completion of the TNC Acquisition and the CopperCorp Acquistion. Duke Exploration Limited renamed to True North Copper Limited. Successfull completion of Offers, raising a total of $37,347,100 at $0.25 per Share (before costs).

07/06/2023

name changed from Duke Exploration Limited

06/06/2023

 

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    Click here for free access to this company's:
    ASX, Legal & CGT Status

    Directors' on-market share transactions (last 5)

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    Purchases Sales

    DATEDIRECTORNUMBERPRICEAMOUNT
    13/10/2023Paul Frederiks38,410$0.165$6,338
    10/10/2023Jane Seawright32,000$0.158$5,056
    09/10/2023Ian McAleese60,000$0.170$10,200
    09/10/2023Martin Costello65,333$0.184$12,021
    05/11/2021Paul Frederiks60,000$0.185$11,100

    Click here for the last 20 transactions all companies

    Directors & Executives (current)

    NAMETITLEDATE OF APPT
    Ian McAleeseExecutive Chairman24/06/2020
    Bevan JonesManaging Director10/06/2024
    Craig GouwsCFO03/06/2024
    Jane SeawrightNon Exec Director05/07/2023
    Tim DudleyNon Exec Director06/06/2023
    Martin CostelloExecutive Director26/05/2023
    Paul FrederiksExecutive Director, Company Secretary13/07/2017

    Date of first appointment, title may have changed.

    Directors & Executives (former)

    NAMETITLEDATE OF APPOINTMENTDATE OF RESIGNATION
    Toko KapeaNon Exec Director13/07/201726/05/2023
    Philip CondonManaging Director26/04/202131/03/2023
    Eugene IliescuDirector13/07/201730/06/2021

    Date of first appointment, title may have changed.