{"id":8770,"date":"2024-07-02T06:48:44","date_gmt":"2024-07-01T20:48:44","guid":{"rendered":"https:\/\/yinghuiinternational.com\/?p=8770"},"modified":"2024-07-07T06:50:10","modified_gmt":"2024-07-06T20:50:10","slug":"true-norths-cloncurry-commences-operations","status":"publish","type":"post","link":"https:\/\/yinghuiinternational.com\/index.php\/2024\/07\/02\/true-norths-cloncurry-commences-operations\/","title":{"rendered":"True North\u2019s Cloncurry commences operations"},"content":{"rendered":"\n

<\/h1>\n\n\n\n

\"\"OLIVIA THOMSON<\/a><\/p>\n\n\n\n

\"cloncurry<\/figure>\n\n\n\n

Overlooking the Great Australia mine within the Cloncurry project. Image: True North Copper<\/p>\n\n\n\n

True North Copper (TNC) has commenced clearing activities and blast hole drilling at the Wallace North deposit that sits within the Cloncurry copper project (CCP) in north-west Queensland.<\/p>\n\n\n\n

TNC\u2019s personnel is set operate the dry hire equipment at Wallace North, most of which is already on-site. The company is currently recruiting for the operations team, which is close to finalisation, with a supportive technical team already in place for when mining begins.<\/p>\n\n\n\n

Dewatering<\/strong> of Wallace North\u2019s pit area is already well advanced, with all blast hole drilling expected to be in dry holes.<\/p>\n\n\n\n

Leading TNC during this next phase of operations is newly appointed managing director Bevan Jones, who commenced<\/a> his role on June 10.<\/p>\n\n\n\n

\u201cWe have commenced mining operations at Wallace North, which will allow our CCP to restart copper production,\u201d Jones said<\/a>.<\/p>\n\n\n\n

\u201cThis has been our major goal since listing on the ASX (in June 2023<\/a>). I thank our team for their efforts in moving towards this goal to allow TNC to become Australia\u2019s next copper and critical metals producer.\u201d<\/p>\n\n\n\n

The mining ramp-up at Wallace North will initially build ore stockpiles, with road haulage expected to start within a few weeks of start-up.<\/p>\n\n\n\n

Oxide ore will be transported by road train to True North\u2019s Cloncurry heap leach. Sulphide ore will then be transferred to a nearby concentrator for toll treatment under True North\u2019s toll-milling agreement with Glencore<\/a>.<\/p>\n\n\n\n

\u201cCCP is estimated to deliver free cash flow of about $200 million at current prices over its 4.6-year initial mine life, based on existing JORC reserves,\u201d Jones said.<\/p>\n\n\n\n

\u201cCash flow from mining will be used to explore further opportunities to build this inventory.\u201d<\/p>\n\n\n\n

Wallace North is one of four open-pit deposits<\/strong> that makes up Cloncurry. The deposit currently holds an ore reserve totalling 0.7 million tonnes (probable) grading 1.01 per cent copper and 0.46 grams per tonne gold for 6800 tonnes of copper and 10,000 ounces of gold.<\/p>\n","protected":false},"excerpt":{"rendered":"

OLIVIA THOMSON Overlooking the Great Australia mine within the Cloncurry project. Image: True North Copper True North Copper (TNC) has commenced clearing activities and blast hole drilling at the Wallace North deposit that sits within the Cloncurry copper project (CCP) in north-west Queensland. TNC\u2019s personnel is set operate the dry hire equipment at Wallace North, … Continue reading “True North\u2019s Cloncurry commences operations”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[37,206],"tags":[],"class_list":["post-8770","post","type-post","status-publish","format-standard","hentry","category-clients","category-goldcopper"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p83F9T-2hs","jetpack-related-posts":[{"id":8224,"url":"https:\/\/yinghuiinternational.com\/index.php\/2023\/06\/20\/true-north-copper-begins-asx-trading\/","url_meta":{"origin":8770,"position":0},"title":"True North Copper begins ASX trading","author":"yinghui","date":"June 20, 2023","format":false,"excerpt":"OLIVIA THOMSON Australian near-term copper producer True North Copper will commence trading on the Australian Securities Exchange (ASX) as of today. The news arrives as Truth North Copper\u2019s (TNC)\u00a0merger\u00a0with Duke Exploration was\u00a0completed\u00a0June 7 2023, after being\u00a0first announced\u00a0February 28 2023. Prior to its listing, TNC completed an underwritten capital raising, and\u2026","rel":"","context":"In "Gold and Copper"","block_context":{"text":"Gold and Copper","link":"https:\/\/yinghuiinternational.com\/index.php\/category\/mines-and-quarry\/goldcopper\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":8383,"url":"https:\/\/yinghuiinternational.com\/index.php\/2023\/08\/19\/evolution-updates-ernest-henry-mineral-resource\/","url_meta":{"origin":8770,"position":1},"title":"Evolution updates Ernest Henry mineral resource","author":"yinghui","date":"August 19, 2023","format":false,"excerpt":"OLIVIA THOMSON Evolution Mining has released an updated mineral resource estimate for its Ernest Henry project. Ernest Henry\u00a0is located 38km north-east of Cloncurry, Queensland\u00a0and is a large-scale copper-gold operation. Its mine life was\u00a0extended\u00a0in June of this year. As of June 30, the Ernest Henry mineral resource is estimated at 101.5\u2026","rel":"","context":"In "Clients"","block_context":{"text":"Clients","link":"https:\/\/yinghuiinternational.com\/index.php\/category\/clients\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.australianmining.com.au\/wp-content\/uploads\/2019\/04\/Evolution-1024x447.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.australianmining.com.au\/wp-content\/uploads\/2019\/04\/Evolution-1024x447.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.australianmining.com.au\/wp-content\/uploads\/2019\/04\/Evolution-1024x447.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.australianmining.com.au\/wp-content\/uploads\/2019\/04\/Evolution-1024x447.png?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":8536,"url":"https:\/\/yinghuiinternational.com\/index.php\/2024\/02\/27\/significant-high-copper-grades-unlocked-at-oak-dam\/","url_meta":{"origin":8770,"position":2},"title":"Significant high copper grades unlocked at Oak Dam","author":"yinghui","date":"February 27, 2024","format":false,"excerpt":"OLIVIA THOMSON Image: Phawat\/stock.adobe.com An exploration program undertaken by BHP at its Oak Dam copper deposit has identified high-grades of copper deep beneath the Olympic Dam ore body, with some grades equalling more than two per cent. The Oak Dam deposit is located 65km south-east of the Olympic Dam mine\u2026","rel":"","context":"In "Clients"","block_context":{"text":"Clients","link":"https:\/\/yinghuiinternational.com\/index.php\/category\/clients\/"},"img":{"alt_text":"true north copper","src":"https:\/\/i0.wp.com\/www.australianmining.com.au\/wp-content\/uploads\/2024\/01\/Screenshot-2024-01-24-at-7.58.13%E2%80%AFam-1024x588.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.australianmining.com.au\/wp-content\/uploads\/2024\/01\/Screenshot-2024-01-24-at-7.58.13%E2%80%AFam-1024x588.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.australianmining.com.au\/wp-content\/uploads\/2024\/01\/Screenshot-2024-01-24-at-7.58.13%E2%80%AFam-1024x588.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.australianmining.com.au\/wp-content\/uploads\/2024\/01\/Screenshot-2024-01-24-at-7.58.13%E2%80%AFam-1024x588.png?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":8395,"url":"https:\/\/yinghuiinternational.com\/index.php\/2023\/08\/29\/qmines-acquires-key-copper-zinc-project\/","url_meta":{"origin":8770,"position":3},"title":"QMines acquires key copper-zinc project","author":"yinghui","date":"August 29, 2023","format":false,"excerpt":"OLIVIA THOMSON QMines has executed a term sheet to acquire a 100 per cent interest in the Develin Creek copper-zinc-silver project from Zenith Minerals for total consideration of $4.5 million in cash and shares. The\u00a0acquisition\u00a0is a two staged transaction with the initial interest of 51 per cent acquired for $1.2\u2026","rel":"","context":"In "Gold and Copper"","block_context":{"text":"Gold and Copper","link":"https:\/\/yinghuiinternational.com\/index.php\/category\/mines-and-quarry\/goldcopper\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":8299,"url":"https:\/\/yinghuiinternational.com\/index.php\/2023\/07\/11\/rio-tinto-details-copper-growth-aspirations\/","url_meta":{"origin":8770,"position":4},"title":"Rio Tinto details copper growth aspirations","author":"yinghui","date":"July 11, 2023","format":false,"excerpt":"TOM PARKER The Oyu Tolgoi mine. Rio Tinto has lofty copper ambitions in the years to come, with hopes to account for 25 per cent of growth volumes in global copper supply in the next five years. The major miner held an investor site visit at the\u00a0Oyu Tolgoi operation\u00a0in Mongolia\u2026","rel":"","context":"In "Gold and Copper"","block_context":{"text":"Gold and Copper","link":"https:\/\/yinghuiinternational.com\/index.php\/category\/mines-and-quarry\/goldcopper\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":2961,"url":"https:\/\/yinghuiinternational.com\/index.php\/2018\/05\/01\/copper-to-the-world-gets-the-scoop-on-growth-trajectory\/","url_meta":{"origin":8770,"position":5},"title":"Copper to the World gets the scoop on growth trajectory","author":"yinghui","date":"May 1, 2018","format":false,"excerpt":"Australia\u2019s copper sector is on the rise as global issues of energy, climate change and transportation become more urgent. As the looming 2019 worldwide copper deficit steps closer to reality, high-calibre international copper experts from Chile, the United Kingdom and Australia will join leading copper miners and innovators in Adelaide\u2026","rel":"","context":"In "Mines and Quarry"","block_context":{"text":"Mines and Quarry","link":"https:\/\/yinghuiinternational.com\/index.php\/category\/mines-and-quarry\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/yinghuiinternational.com\/index.php\/wp-json\/wp\/v2\/posts\/8770","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/yinghuiinternational.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/yinghuiinternational.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/yinghuiinternational.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/yinghuiinternational.com\/index.php\/wp-json\/wp\/v2\/comments?post=8770"}],"version-history":[{"count":1,"href":"https:\/\/yinghuiinternational.com\/index.php\/wp-json\/wp\/v2\/posts\/8770\/revisions"}],"predecessor-version":[{"id":8771,"href":"https:\/\/yinghuiinternational.com\/index.php\/wp-json\/wp\/v2\/posts\/8770\/revisions\/8771"}],"wp:attachment":[{"href":"https:\/\/yinghuiinternational.com\/index.php\/wp-json\/wp\/v2\/media?parent=8770"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/yinghuiinternational.com\/index.php\/wp-json\/wp\/v2\/categories?post=8770"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/yinghuiinternational.com\/index.php\/wp-json\/wp\/v2\/tags?post=8770"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}