True North Copper (TNC) Investor presentation summary

Strategic growth platforms

• Focus on three platforms: growing Mt Oxide, developing Cloncurry Copper Project, and discovering regional targets for Tier-1 IOCG systems.

• Mt Oxide is the largest and highest-grade greenfield copper discovery in over 20 years, with a 220kt Cu, 21kt Co, and 5Moz Ag resource and a 2.3km+ mineralized strike length.

• Cloncurry Copper Project is advancing towards a pre-feasibility study, targeting near-term revenue with a 129kt Cu and 152koz Au resource.

• Systematic exploration is underway across an expanded tenement position, aiming for district-scale copper discoveries.

• Recent tenement expansions and ongoing drilling support a robust pipeline for future growth.

Mt Oxide project highlights

• Vero is a high-grade cornerstone resource: 15.03Mt @ 1.46% Cu, 10.59g/t Ag, 0.23% Co, open at depth and along strike.

• Aquila-Chidna discovery validated the exploration model, extending the mineralized system over 2.3km with multiple open targets.

• Multiple opportunities exist to extend Vero, including untested southern extensions and new targets like Mara.

• Systematic drilling and geophysics at Aquila-Chidna have identified significant scale, with the structural zone widening from 40-60m at Aquila to ~300m at Chidna.

• The regional pipeline includes over 10km of prospective trend with several high-priority targets such as Apollo, Ivena North, Rhea, Camp Gossans, and Myally.

Exploration and development strategy

• Staged development at Mt Oxide: progress permitting and engineering at Vero, systematic drilling at Aquila-Chidna, and testing of additional targets.

• Cloncurry Copper Project is undergoing a pre-feasibility study, with infill and extension drilling planned for 2026.

• Regional exploration targets are being advanced using the proven Vero-Aquila-Chidna model, with new prospects identified in the Myally District.

• Value creation is driven by a pipeline from early exploration to defined resources and development, aiming for province-scale growth.

• Recent milestones include resource updates, new discoveries, and ongoing drilling campaigns.