Board Change • May 20
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Non-Executive Chairman Paul Cronin was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Breakeven Date Change • May 20
Forecast to breakeven in 2027 The analyst covering True North Copper expects the company to break even for the first time. New forecast suggests the company will make a profit of AU$20.0m in 2027. Average annual earnings growth of 45% is required to achieve expected profit on schedule. Board Change • May 01
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Non-Executive Chairman Paul Cronin was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Tillkännagivande • Feb 05
True North Copper Limited has completed a Follow-on Equity Offering in the amount of AUD 12.5 million. True North Copper Limited has completed a Follow-on Equity Offering in the amount of AUD 12.5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 17,400,000
Price\Range: AUD 0.5
Discount Per Security: AUD 0.03
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 7,600,000
Price\Range: AUD 0.5
Discount Per Security: AUD 0.03
Transaction Features: Subsequent Direct Listing Board Change • Dec 24
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Independent Non-Executive Chairman Paul Cronin was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Tillkännagivande • Dec 09
True North Copper Limited has filed a Follow-on Equity Offering in the amount of AUD 12.5 million. True North Copper Limited has filed a Follow-on Equity Offering in the amount of AUD 12.5 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 17,400,000
Price\Range: AUD 0.5
Discount Per Security: AUD 0.01
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 7,600,000
Price\Range: AUD 0.5
Discount Per Security: AUD 0.01
Transaction Features: Subsequent Direct Listing Tillkännagivande • Oct 28
True North Copper Limited, Annual General Meeting, Nov 27, 2025 True North Copper Limited, Annual General Meeting, Nov 27, 2025. Board Change • Aug 18
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 4 non-independent directors. Non-Executive Chairman Paul Cronin was the last director to join the board, commencing their role in 2024. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Tillkännagivande • Apr 01
True North Copper Limited Announces Commencement of the RC Drilling Program at Great Australia Mine, Cloncurry, Qld True North Copper Limited announced the commencement of the RC drilling program at Great Australia Mine (GAM), part of its Cloncurry Copper Project in Queensland. This milestone marks a significant advancement in the Company's extensive exploration program, which is anticipated to yield nearly 15,000m of drilling across TNC's highly prospective, 100% owned Cloncurry and Mt Oxide projects. TNC has commenced drilling at Great Australia Mine, with the first of the drillholes at the newly defined Red Belly Prospect, located west of the Great Australia Pit. The initial 11,000m of drilling was awarded to Bullion Drilling Co for the current RC drill program at GAM and Mt Oxide. GAM's drill-ready targets (on existing mining leases) include highly prospective geophysical targets that are near pit discovery opportunities to expand the current mine life and optimise the mine plan. On-site preparations and environmental and cultural heritage clearances were completed in March on schedule. Drilling at GAM is expected to be completed in April and total ~3,000m before moving to the Mt Oxide program. Assay results from drilling and interpretations will be released over the coming months once results are received. It is anticipated that lead times for assay results will be around 6-8 weeks. Electromagnetic geophysics is also underway at the Company's Wallace North Copper Gold Resource that aims to identify targets along strike from the resource and confirm and extend anomalies in historic geophysics to define new targets for drill testing.COMMENT. The targets are highly prospective and underexplored, with compelling geophysical attributes indicating the potential for large-scale company transformative discoveries. The results from this drilling program will be key to unlocking True North's potential and strengthening its position as a leading player in this historic copper region. Company team has worked hard over the past months finalising site preparations and clearances in readiness for drilling to commence. Despite challenging weather conditions in the northwest region, the company have remained ready and on schedule. Shareholders can expect regular updates on the progress and the release of assay results as they become available. Cloncurry Copper Project - Drilling Program. The Cloncurry Copper Project (CCP) drilling program will aggressively explore within 30km of the Cloncurry Operations Hub (COH) with the aim to grow the resource base, test new opportunities of scale and tenor with the potential to significantly impact on the existing mine life. The planned 15 hole, 3,000m RC drill program at GAM mining leases will test highly prospective geophysical targets that TNC identified in its Induced Polarisation (IP) programs from 2023 and 20251. These targets include: Orphan Shear Deposit - down plunge extensions of the Orphan Shear deposit. Whip, Coppermine Creek, Red Belly and Python - a series of large-scale geophysical targets located in permissive structural settings with chargeability signatures that are highly analogous to known mineralisation. Environmental and cultural heritage approvals have been completed for all drillholes in the GAM program. Drilling has been initiated at targets underneath the Orphan Shear deposits. The drill program at GAM is anticipated to be completed in April. Next Steps. Assays results for the initial GAM program are expected to take around 6-8 weeks to receive and will be submitted in, and received in, batches that will be reported as received. The electromagnetic geophysics at Cloncurry will restart after the ground dries from the recent rain event in northwest Queensland. This program is anticipated to lead to a series of near mine drill targets at the Wallace North deposit and new greenfield targets at the historical shallow mining areas of Salebury and Marimo. On completion of the GAM program, the drill rig will mobilise to Mt Oxide to undertake the proposed 8,000m program for 30 drillholes, testing highly prospective geophysical targets coincident with compelling surface expressions of mineralisation within the Mt Oxide district. A further 4,000m is budgeted to test regional targets around Cloncurry, pending the results of the GAM and Mt Oxide programs. Recent Insider Transactions • Feb 12
Non-Executive Chairman recently bought AU$319k worth of stock On the 10th of February, Paul Cronin bought around 928k shares on-market at roughly AU$0.34 per share. This transaction amounted to 93% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Paul's only on-market trade for the last 12 months. Board Change • Feb 04
Less than half of directors are independent Following the recent departure of a director, there is only 1 independent director on the board. The company's board is composed of: 1 independent director. 3 non-independent directors. Company Secretary & Independent Director Paul Frederiks was the last independent director to join the board, commencing their role in 2017. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Tillkännagivande • Jan 03
True North Copper Limited Appoints Paul Cronin as Non-Executive Chairman True North Copper Limited appointed Mr. Paul Cronin as Non-Executive Chairman of the Company. Mr. Cronin's commencement date will be from the date of the Company's readmission of its shares to trading on ASX, and he will receive the remuneration and interests set out in Section 9.5 of the Company's prospectus dated 4 December 2024. Tillkännagivande • Nov 25
True North Copper Limited has completed a Follow-on Equity Offering in the amount of AUD 50.3 million. True North Copper Limited has completed a Follow-on Equity Offering in the amount of AUD 50.3 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 9,940,000,000
Price\Range: AUD 0.005
Discount Per Security: AUD 0.0003
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 120,000,000
Price\Range: AUD 0.005
Discount Per Security: AUD 0.0003
Transaction Features: Subsequent Direct Listing Tillkännagivande • Nov 15
True North Copper Limited Announces Resignation of Directors True North Copper Limited announced that Ian McAleese and Jane Seawright have resigned from the True North Copper Board as of 15 November 2024. The Board thanks Ian for his service as Non-Executive Chairman since his appointment to that role in May 2023 and Jane for her service as Non-Executive Director since July 2023. Tillkännagivande • Sep 30
True North Copper Limited, Annual General Meeting, Oct 31, 2024 True North Copper Limited, Annual General Meeting, Oct 31, 2024. Location: level 9, citi central tower, 46-48 sheridan street, cairns qld 4870, Australia New Risk • Sep 24
New major risk - Financial position The company has less than a year of cash runway based on its current free cash flow trend. Free cash flow: -AU$37m This is considered a major risk. With less than a year's worth of cash, the company will need to raise capital or take on debt unless its cash flows improve. This would dilute existing shareholders or increase balance sheet risk. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$37m free cash flow). Shareholders have been substantially diluted in the past year (123% increase in shares outstanding). Minor Risks Revenue is less than US$5m (AU$2.7m revenue, or US$1.9m). Market cap is less than US$100m (AU$34.0m market cap, or US$23.3m). New Risk • May 27
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Australian stocks, typically moving 18% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (18% average weekly change). Minor Risks Less than 3 years of financial data is available. Revenue is less than US$5m (AU$1.8m revenue, or US$1.2m). Market cap is less than US$100m (AU$35.2m market cap, or US$23.4m). Tillkännagivande • May 24
True North Copper Limited has filed a Follow-on Equity Offering in the amount of AUD 24.273064 million. True North Copper Limited has filed a Follow-on Equity Offering in the amount of AUD 24.273064 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 135,237,504
Price\Range: AUD 0.056
Discount Per Security: AUD 0.00336
Security Features: Attached Options; Attached Warrants
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 125,248,232
Price\Range: AUD 0.056
Discount Per Security: AUD 0.00336
Security Features: Attached Options; Attached Warrants
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 172,961,839
Price\Range: AUD 0.056
Discount Per Security: AUD 0.00336
Security Features: Attached Options; Attached Warrants
Transaction Features: Rights Offering; Subsequent Direct Listing Board Change • Mar 01
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 3 non-independent directors. Independent Non-Executive Director Jane Seawright was the last independent director to join the board, commencing their role in 2023. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model.