True North Copper (TNC) Investor presentation summary

Investment highlights

• Portfolio of copper resource and exploration assets in the Mt Isa region, Queensland, with significant infrastructure advantages and a strong balance sheet.

• Refreshed board and management team with a refocused strategy targeting growth and optimisation.

• Major shareholders include Tembo Capital, Regal Asset Management, and Glencore Australia.

• No interest-bearing debt and substantial cash reserves support ongoing exploration and development.

Project portfolio and resource base

• Cloncurry Copper Project (CCP) features existing infrastructure, recent mining activity, and ongoing exploration to expand resources and mine life.

• Mt Oxide Project hosts the Vero Resource (15.03 Mt @ 1.46% Cu & 10.59 g/t Ag), with multiple drill-ready targets along a 10 km trend.

• Wallace North Cu-Au resource: 1.79 Mt @ 1.31% Cu & 0.78 g/t Au, with new geophysical targets and potential for near-mine extensions.

• Salebury and Marimo targets show large-scale IOCG potential with coincident geophysical anomalies and historic mineralisation.

• Great Australia Mine and Orphan Shear resources confirmed with new copper-gold zones and significant exploration upside.

Exploration and growth strategy

• Aggressive exploration within 30 km of Cloncurry Operations Hub to discover new resources and extend mine life.

• Systematic drill testing at Mt Oxide along the Dorman fault trend, targeting multiple Vero-scale discoveries.

• Advanced geophysics and drilling programs in progress at both CCP and Mt Oxide, with a focus on high-priority targets.

• Ongoing evaluation of additional processing options and long-term consolidation opportunities.