True North Copper Secures PRC Plan Approvals Across Five Cloncurry Copper Project Mining Areas Ahead of Q4 2026 PFS

Shwetambri Chauhan

11 November 2026 12:32 PM AEDT

True North Copper Secures PRC Plan Approvals Across Five Cloncurry Copper Project Mining Areas Ahead of Q4 2026 PFS

Image Source: Krish Capital Pty Ltd

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True North Copper Limited (ASX:TNC) has secured transitional Progressive Rehabilitation and Closure Plan (PRC Plan) approvals across all five existing mining areas at its Cloncurry Copper Project (CCP) in Queensland, with the company's Pre-Feasibility Study (PFS) targeted for completion in late Q4 2026.

Key Points

PRC Plan approvals secured for Great Australia Mine, Taipan, Orphan Shear, Wynberg and Wallace North mining areas.
Mongoose Mining Lease application lodged and progressing towards assessment to support the expanded Mineral Resource and potential open pit.
CCP hosts a contained Mineral Resource of 204kt copper equivalent (CuEq), following a 62% increase in contained CuEq during 2026.
CCP Pre-Feasibility Study targeted for completion in late Q4 2026, with a potential Ore Reserve declaration also targeted at that time.

PRC Plan Approvals Secured Across CCP Mining Areas

True North Copper has obtained transitional Progressive Rehabilitation and Closure Plan approvals from Queensland Government's Department of Environment, Tourism, Science and Innovation (DETSI) covering the Great Australia Mine, Taipan, Orphan Shear, Wynberg and Wallace North mining areas. The company stated that existing Mining Leases remain in good standing, with renewals progressing where required. The approvals build on CCP's existing Mining Leases, established infrastructure and proximity to regional processing facilities, according to the filing.

Mongoose Mining Lease Application and Future Approval Pathway

A Mining Lease application for the Mongoose area has been lodged and is progressing towards assessment to support the expanded Mineral Resource and a potential open pit. The company disclosed that existing Mining Leases and the recently secured transitional PRC Plan approvals provide a framework to progress the next round of approvals for updated mine designs and expanded mining areas, with that next round targeted for Q3–Q4 2027. The PFS is assessing larger, right-sized open pits to support a capital-efficient development plan.

Cloncurry Copper Project Next Steps and Development Schedule

According to the filing, the company's near-term milestones include finalising the CCP PFS and targeting declaration of a potential Ore Reserve in Q4 2026. Near-mine and resource extension drilling at Wallace North, Mongoose-Taipan and across the broader CCP is planned from late 2026 through into 2027. Additional metallurgical testing, mine planning, processing options and cost optimisation are targeted for H1 2027. Environmental studies and approvals to support progression toward mining and production, including the Mongoose Mining Lease grant, are targeted for Q3–Q4 2027.

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