True North Copper has delivered another set of impressive drill results from its Aquila copper prospect in Queensland, reinforcing the scale and potential of its emerging Mount Oxide discovery. The latest assays highlight significant high-grade mineralisation, extending the known footprint of the system and drawing strong market interest.
Standout Assays Confirm a Growing System
The company's latest drilling at the Aquila prospect, located within the Mount Oxide district, has returned standout intersections of copper, silver, and cobalt. One drill hole intersected 33 metres at 1.6 per cent copper, 5 grams per tonne (g/t) silver, and traces of cobalt. Within that interval was an exceptionally high-grade zone of 4 metres grading 7.09 per cent copper and 9.5g/t silver from a depth of 124 metres.
A second hole further validated the discovery's quality, returning 20 metres at 1 per cent copper, 21.8g/t silver, and 0.26 per cent cobalt from 176 metres downhole. This included a richer 3-metre section assaying 1.93 per cent copper, 0.45 per cent cobalt, and 42.6g/t silver. Such grades are considered exceptional in the context of modern Australian exploration.
The results confirm mineralisation across a growing footprint, now extending to approximately 250 metres in depth and 60 metres in width. Critically, the system remains open for further expansion both along strike and at greater depths.
Strategic Location and Expanding Scale
Recent exploration work, including drilling and geological mapping, has successfully extended the mineralised corridor at Aquila by an additional 250 metres of strike length. This pushes the known trend to over 900 metres, placing it firmly in the same category as the company's nearby Vero resource, located just four kilometres to the southwest.
The Aquila discovery forms a key part of the broader Mount Oxide copper project, which boasts more than 10 kilometres of prospective strike along a highly fertile structural corridor. Its location, 140 kilometres north of Glencore's Mt Isa copper concentrator and smelter, provides significant infrastructure advantages. Glencore's status as one of True North's largest shareholders adds further strategic weight to the project's development potential.
Market Confidence and Forward Plans
The market has responded enthusiastically to the unfolding story at Mount Oxide. True North Copper recently secured a $12.5 million institutional placement to fund its aggressive "develop, grow and discover" strategy across Queensland through 2026. Reflecting this growing confidence, the company's share price has surged more than 60 per cent over the past month.
The fresh capital will accelerate exploration across the Mount Oxide project area, where numerous untested targets lie outside the headline Aquila prospect. These include targets along the parallel Apollo and Acanthis trends and within the Mt Gordon Fault Zone, all of which show geological signatures similar to Aquila and Vero.
Phase two drilling at Mount Oxide is now complete, with assays pending from five additional holes. The company plans to conduct extensional geophysical surveys early next year and will return after the wet season to drill Aquila to the north, south, and at depth, while testing other high-priority targets along the extensive trend.
True North Copper Managing Director and CEO, Andrew Mooney, stated the latest results point to far more than isolated hits, suggesting the Mount Oxide system has the hallmarks of district-scale copper mineralisation. With copper prices strengthening and its status as a critical metal cemented, the timing for True North's expanding Queensland footprint appears increasingly favourable.
