TNC 5.88% 3.2¢ true north copper limited

Ann: 8m Capital Raising to Fund Resource Expansion, page-27

  1. 4,298 Posts.
    lightbulb Created with Sketch. 6477
    Thanks for the kind words @bond00what
    I hope you can put up with my spelling and grammar.
    I do not spend enough time proof reading as some of you already know.


    I thought that it may be necessary to repeat some info in the ann's because they may have been missed by some.
    If I use this table to illustrate the point, you can look at the Mt Flora expectation in the table 2.5 below.
    You see the figure of 5,500,000 - 12,000,000 T ?


    https://hotcopper.com.au/data/attachments/3303/3303227-7762bb333fa4a9af3443fa97f5409fc9.jpg

    Now we look at this comment in the ann from June 2nd.
    This was emphasised by @Agent-86 a few times so this is not new but needs some underlining imho.
    The next excerpt describes the potential size of this ore body.
    So we know that Mt Flora is 5-7 times bigger than originally interpreted in the IGR ( above table ) but the description below tells us that Quorn is potentially 5 x the size of Mt Flora based on the drilling to date.
    Getting the picture of the size and growth here?


    https://hotcopper.com.au/data/attachments/3303/3303263-77342357c07f846dc01b588d5174e93a.jpg

    https://hotcopper.com.au/data/attachments/3303/3303222-90a3635e1103b7960d5cc33476a69f9d.jpg


    This excerpt below is telling us of the change in path finder elements and as you can see we have an increase in the Zinc and Arsenic soil anomaly 400m to the nth of the Quarry load.
    This will be something to watch out for as we progress drilling in that area.




    https://hotcopper.com.au/data/attachments/3303/3303246-b77282b0480b54951b481a74e707bd35.jpg
    We now come to Absolon which is not included in the tables above but has the largest and most depth extensive conductivity mapped so far and could lead to a new style of mineralisation.
    https://hotcopper.com.au/data/attachments/3303/3303308-1601895d0235eed8eb4b9bf12f1d6701.jpg
    So far we around 20,000 m of drilling completed to date and the footprint is still open- they have not found the limits yet.
    I hope that this gives an idea of why I am excited by this but the best is yet to come imho.
    I look forward to further ann's and see some scope for major improvements.

    Then we start on Prairie Creek.
    Kind regards, Wack.


 
watchlist Created with Sketch. Add TNC (ASX) to my watchlist
(20min delay)
Last
3.2¢
Change
-0.002(5.88%)
Mkt cap ! $28.01M
Open High Low Value Volume
3.4¢ 3.4¢ 3.2¢ $13.18K 405.8K

Buyers (Bids)

No. Vol. Price($)
1 60909 3.3¢
 

Sellers (Offers)

Price($) Vol. No.
3.6¢ 100000 1
View Market Depth
Last trade - 13.53pm 06/09/2024 (20 minute delay) ?
TNC (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.