TNC 1.23% 8.0¢ true north copper limited

CAUTIONARY STATEMENT RE NEAR TERM PRODUCTION FEATURES OF THE...

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    CAUTIONARY STATEMENT RE NEAR TERM PRODUCTION FEATURES OF THE CLONCURRY COPPER
    PROJECT
    Moving to production at the Company’s Cloncurry Copper Project, including mining restart, is subject to the successful
    completion of mining restart studies to confirm the financial viability of the project.
    The funds raised under the completed Prospectus Offers (June 2023) and recent Placement (November 2023) may not be
    sufficient to fully fund necessary CAPEX and OPEX requirements. The Company may need to obtain additional funding
    through a combination of debt and equity to be raised at a later date to meet CAPEX/OPEX requirements to move to
    production on the Cloncurry Copper Project, including restart of the Great Australia Mine. The Company is in discussions with
    potential debt and equity funders, and has a reasonable degree of confidence that it will be able to raise necessary funding
    at the relevant time.

    There can be no guarantee that the technical studies will confirm financial viability of the project, or that necessary funding
    will be available to the Company at the relevant time

    All im waiting for is the funding announcement
 
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Last trade - 11.51am 07/05/2024 (20 minute delay) ?
Last
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