True North Copper (ASX:TNC) speaks to Mining.com.au about the completion of the Cloncurry Copper Project (CCP) mining restart study. The initial CCP life-of-mine plan demonstrates a strong economic basis and low-risk cost structure, with significant cash flow generated during the CCP’s initial 4.6-year mine life.
Managing Director Marty Costello says the Cloncurry mining restart study confirms a robust and sustainable mining operation that has capacity to generate substantial cash flow. Projected mine revenue is $367m with a free cash flow of $111m and Tru North anticipates a rapid payback period of just 6 months post-mining restart.
“We believe our first life of mine plan demonstrates the project's sound economic foundations and low-risk cost profile. our strategic partnerships, including a binding offtake and toll-milling agreements with Glencore International ag, supported by debt funding secured with Nebari, underscore our operational readiness and position TNC to capitalise on what we believe is an extremely favourable copper market. we are committed to extending the CCP mine life.
We are actively pursuing exploration and expansion opportunities within the GAM and Wallace North deposits, alongside our strategic tenure package around Cloncurry. we will also continue exploration and resource work at Mt Oxide as part of our core strategy for growth and production.” .
==========
*Disclaimer*:
The information we have provided you is purely factual in nature and does not take account of your personal objectives, situation or needs.
The information is objectively ascertainable and, therefore, does not hold and are not authorised under an AFSL to provide financial product advice. If you require personal advice you should consult an appropriately licensed or authorised financial adviser.
Mayfair Media Operations Pty Ltd and affiliated companies accept no responsibility for any claim, loss or damage as a result of information provided or its accuracy.
See our website [ Ссылка ] for our full Terms & Conditions.
==========
