who is in charge and managing that wonder?

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peter122

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19/06/23

09:19

Post #: 68352028
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Originally posted by happytrader83: ↑

Can someone explain to me why TNC is pretrading at 300 percent above ??...ok i read announcement.. coffee didnt kick in early enough

Australian copper company True North Copper commences ASX trading
Near-term Australian copper producer True North Copper Limited (ASX: TNC) (True North, TNC or the Company) is
pleased to announce it will commence trading on the Australian Securities Exchange (ASX) today with the ticker
“TNC” following its merger with Duke Exploration (ASX: DEX).
HIGHLIGHTS:
§ True North Copper (ASX: TNC) lists on the ASX following its merger with Duke Exploration (ASX: DEX) and
$37.3m raising at $0.25/share.
§ TNC is a Queensland-based copper business with a combined Measured, Indicated and Inferred JORC
Resource base containing 326kt copper, 87.4koz gold and 4.3Moz silver and substantial infrastructure
including 100%-owned copper concentrator, SX plant and copper sulphate crystallisation plant.1
§ TNC’s principal assets include the copper-gold Cloncurry Hub (commissioning) and the high-grade coppercobalt Mt Oxide Project.
§ Refurbishment of the SX plant at the Great Australia Complex (part of the Cloncurry Hub) recently completed
on budget and commissioning is underway.
§ First sales of copper sulphate expected late June/early July from processing high grade copper oxide
stockpiles
§ Mining restart studies for open pit mining of copper sulphide orebodies at Great Australia Mine expected Q3
CY23.
§ Grade control and exploration drilling at Great Australia started in May and on-going, with assays expected in
June.
§ Drilling at Mt Oxide commenced last week, where historical intersections include2:
§ 23m at 8.9% Cu, 68g/t Ag and 0.05% Co;
§ 12m at 5.3% Cu, 161g/t Ag and 0.02% Co; and
§ 31m at 6.2% Cu, 48g/t Ag and 0.04% Co.
§ TNC to commence trading with a market capitalisation of $115.4m at $0.25/share and zero deb

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who is in charge and managing that wonder?
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