Episode Details

True North Copper just cashed in smartly by offloading its Bundarra copper project for $1.5 million—split between cash and stock in new player Tec Minerals—while retaining a 1% royalty on any future finds. This move clears the way for True North to laser-focus on its high-potential core assets in Northwest Queensland: Mt Oxide and Cloncurry. The deal, pending Tec’s IPO or acquisition and regulatory approvals, targets completion by late 2026 or early 2027. It’s a win-win: True North keeps upside without funding exploration. Meanwhile, Mt Oxide’s Aquila deposit is hot off the drill with promising geophysics and assays expected by July’s end. At Cloncurry, high-grade copper-gold hits at Wallace North are fueling a prefeasibility study due by December, with plans to integrate new deposits and explore growth. It’s a busy, strategic push to maximize value where it matters most.

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