True North heats up QLD with standout Aquila copper hits

True North Copper has continued its hot run at the company’s Aquila prospect in Queensland’s Mount Oxide district, delivering standout copper, silver and cobalt drill results that underscore the scale and continuity of the emerging system.

The latest assays confirm high-grade mineralisation across a growing footprint now extending to around 250 metres depth and 60 metres wide, with the system remaining open along strike and at depth.

One hole returned 33 metres at 1.6 per cent copper, 5 grams per tonne (g/t) silver and a seasoning of cobalt, including a sizzling 4-metre interval grading 7.09 per cent copper and 9.5g/t silver from 124m. A second hole delivered 20 metres at 1 per cent copper, 21.8g/t silver and 0.26 per cent cobalt from 176 metres, including 3 metres at 1.93 per cent copper, 0.45 per cent cobalt and an impressive 42.6g/t silver.

Grades of this calibre are rarely seen in modern Australian exploration, further validating True North’s geological model at Mount Oxide.

Importantly, recent drilling and mapping have extended the mineralised corridor at Aquila by a further 250 metres of strike, pushing the known trend beyond 900 metres and placing it firmly in the same league as the company’s nearby Vero deposit.

Aquila sits 140 kilometres north of Glencore’s Mt Isa copper concentrator and smelter, providing enviable infrastructure leverage. Glencore is also one of True North’s largest shareholders, adding further weight to the project’s strategic significance. The discovery forms part of the broader Mount Oxide copper project, which hosts more than 10 kilometres of prospective strike along a highly fertile structural corridor.

The market has taken notice. True North recently secured a $12.5 million institutional placement to fund its three-pronged “develop, grow and discover” strategy across Queensland through 2026. The company’s share price has surged more than 60 per cent over the past month, reflecting growing confidence in the Mount Oxide story.

The fresh funding will support accelerated exploration across Mount Oxide, where multiple untested targets sit outside the headline Aquila prospect, including along the parallel Apollo and Acanthis trends and within the Mt Gordon Fault Zone. These targets exhibit geological and geophysical signatures similar to those of Aquila and Vero, raising the prospect of further Vero-style discoveries.

Phase two drilling at Mount Oxide has now been completed, with assays pending from five additional holes drilled at Acanthis, Apollo and Aquila North. The results will help shape the next phase of drilling. Extensional induced polarisation surveys are planned for early next year to test priority areas north and south of the current discoveries. An airborne magnetic survey is also scheduled to refine targets across the broader project area.

Aquila continues to demonstrate it is a large, robust and growing copper system, with mineralisation extending both along strike and at depth. The system shows clear similarities to other major copper deposits in the region, including Capricorn Copper, which has proven depth extents exceeding 1.2 kilometres. With drilling at Aquila only testing to around 250 metres depth and 900 metres of strike so far, substantial exploration potential remains, with Mt Oxide emerging as a significant new copper district

Mooney added the latest results appear to represent far more than isolated drill hits, pointing instead to a growing body of evidence that the Mount Oxide system can support district-scale copper mineralisation.

Looking ahead, the company plans to return after the wet season to drill Aquila north, south and at depth, while systematically testing new high-priority targets along the 10-kilometre-plus trend.

With copper prices strengthening and the metal firmly embedded on critical mineral lists, the timing appears increasingly favourable for True North’s expanding Queensland footprint.

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