TNC: 89% Copper Recovery & Resource Growth Advance Cloncurry PFS
Original announcement by asx on
- Company
- True North Copper Limited
- Ticker
- TNC
- Exchange
- ASX
- Region
- Queensland
- Primary commodity
- Copper
- Secondary commodities
- Gold, Cobalt, Silver
- Document categories
- Metallurgy, Resource update
- Extracted
- 2026-10-20 00:12:31 UTC
Analysis by Minestarters Atlas
Atlas analysis published:
Minestarters Atlas analysis
Summary
True North Copper has reported strong metallurgical performance for its Cloncurry Copper Project, achieving an average of 89% copper recovery from Wallace North flotation tests. Concurrently, the project's contained copper-equivalent Mineral Resources have increased by 62% to 204kt CuEq, providing greater scale and flexibility for mine planning. These positive results are advancing the Pre-Feasibility Study, which remains on track for completion in late 2026.
Reasoning: True North Copper announced strong metallurgical results with 89% copper recovery and a substantial 62% increase in contained copper-equivalent resources, significantly advancing the Cloncurry Copper Project's Pre-Feasibility Study.
Positive factors
- High copper recovery of 89% from Wallace North flotation tests
- Significant 62% increase in contained copper-equivalent Mineral Resources
- Pre-Feasibility Study (PFS) remains on schedule for late 2026 completion
- Metallurgical test work covers varying grades and mineralogy
- Resource estimates are JORC 2012 compliant with QP sign-off
Negative factors
- Gold recovery results for flotation tests are not yet reported
- Metallurgical test work is primarily bench-scale, with variability testing planned for later stages
Low confidence — this extraction should be reviewed alongside the original source.
Facts used in scoring: 50
Classification and evidence
High Recoverypositive
Recovery at or above the exceptional band for the commodity and processing route.
Why it applies: Wallace North flotation tests averaged ~89% copper recovery, which is strong for a sulphide flotation route.
Evidence · text
“Wallace North flotation tests averaged ~89% copper recovery at a concentrate grade of ~20% Cu”
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: Metallurgical test work is signed off by Luke Stannard (FAusIMM) and Adam Moroney (FAusIMM), and Mineral Resources by Christopher Speedy (MAIG RPGeo).
Evidence · text
“Mr Luke Stannard ... FAusIMM no. 3002730 ... Competent Person as defined in the 2012 Edition of the Australasian Code for the Reporting of Exploration Results, Mineral Resources, and Ore Reserves (JORC Code).”
Bench Scale Onlynegative
Only preliminary bench tests completed — no locked-cycle or pilot work.
Why it applies: Flotation tests used 1 kg charges, which is standard practice for rougher flotation test work at the pre-feasibility (PFS) study stage, indicating bench-scale.
Evidence · text
“Bench-scale tests used 1 kg charges, which is standard practice for rougher flotation test work at the pre-feasibility (PFS) study stage.”
Mill Routeneutral
Processing via mill or concentrator (CIL, CIP, tank leach, flotation).
Why it applies: The metallurgical test work focuses on sulphide flotation, which is a mill processing route.
Evidence · text
“Wallace North flotation tests averaged ~89% copper recovery”
Contained Metal Growthpositive
True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.
Why it applies: CCP contained copper-equivalent Mineral Resources increased 62% during 2026, growing from 126kt to 204kt CuEq.
Evidence · text
“CCP contained copper-equivalent Mineral Resources increased 62% during 2026, ... with contained copper equivalent growing from 126kt to 204kt CuEq”
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: Mineral Resource Estimates are based on information compiled and reviewed by Christopher Speedy, a Competent Person as defined in the 2012 Edition of the JORC Code.
Evidence · text
“Competent Persons as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves.’ (the JORC Code 2012).”
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: Cut-off grades for various deposits and categories are clearly stated in Table A1, such as 0.3% Cu for Wallace North Indicated and 0.4% CuEq for Mongoose-Taipan.
Evidence · table
“0.3”
Context: Wallace North
Resource Updateneutral
Revised estimate for an existing resource — compare to prior to assess progress.
Why it applies: The document provides an update on the Cloncurry Copper Project's Mineral Resource, detailing changes from December 2025 to October 2026.
Evidence · text
“Cloncurry Copper Project Mineral Resource Updates from Dec 2025 to Oct 2026”
Heap Leach Routeneutral
Processing via heap leach — lower CAPEX and OPEX, lower recovery expected.
Why it applies: the document describes a heap_leach route ("heap leach")
Gravity Routeneutral
Gravity separation forms a material part of the flowsheet.
Why it applies: the document describes a gravity route ("gravity")
Single Domain Onlynegative
Testing limited to one composite or domain — representativeness not established.
Why it applies: only one composite was tested
Extracted facts
Stored fact records: 50. Some facts used in scoring do not have a stored record.
Resource Estimates (49)
indicatedCloncurry · copperTonnes: 1550000Grade: 1.25Grade Unit: %Contained Metal: 19Contained Unit: ktView all detailsHide details
Identity
- Project
- Cloncurry
- Commodity
- copper
- Region
- australia_qld
- Reported Region
- Queensland
- Ticker
- TNC
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Christopher Speedy
- Resource group id
- resource:0e0a854285d1f75c260d
- Deposit or zone
- Wallace North
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 1550000
- Grade
- 1.25
- Grade Unit
- %
- Contained Metal
- 19
- Contained Unit
- kt
- Cutoff Grade
- 0.3
- Cutoff Unit
- % Cu
Prior Estimate
- Resource Date
- 2026-10-06
Metal Equivalent
- Metal Eq. Grade
- 1.97
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: The Indicated resource at Wallace North shows a good copper grade, adding confidence and scale to the project's overall resource base.
Positive factors
- Good grade for an Indicated resource
- Contributes to overall resource growth
Evidence · table
“1.25”
Context: 1.55
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
indicatedCloncurry · goldTonnes: 1550000Grade: 0.71Grade Unit: g/tContained Metal: 36Contained Unit: kozView all detailsHide details
Identity
- Project
- Cloncurry
- Commodity
- gold
- Region
- australia_qld
- Reported Region
- Queensland
- Ticker
- TNC
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Christopher Speedy
- Resource group id
- resource:0e0a854285d1f75c260d
- Deposit or zone
- Wallace North
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 1550000
- Grade
- 0.71
- Grade Unit
- g/t
- Contained Metal
- 36
- Contained Unit
- koz
- Cutoff Grade
- 0.3
- Cutoff Unit
- % Cu
Prior Estimate
- Resource Date
- 2026-10-06
Metal Equivalent
- Metal Eq. Grade
- 1.97
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: The Indicated resource at Wallace North includes a good gold grade, enhancing the project's overall economic potential through byproduct credits.
Positive factors
- Good gold grade for an Indicated resource
- Adds gold credits to the copper project
Evidence · table
“0.71”
Context: 1.55
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
inferredCloncurry · copperTonnes: 450000Grade: 1.37Grade Unit: %Contained Metal: 6Contained Unit: ktView all detailsHide details
Identity
- Project
- Cloncurry
- Commodity
- copper
- Region
- australia_qld
- Reported Region
- Queensland
- Ticker
- TNC
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Christopher Speedy
- Resource group id
- resource:2f80f6dd0d045f0b1ed9
- Deposit or zone
- Wallace North
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 450000
- Grade
- 1.37
- Grade Unit
- %
- Contained Metal
- 6
- Contained Unit
- kt
- Cutoff Grade
- 0.45
- Cutoff Unit
- % Cu
Prior Estimate
- Resource Date
- 2026-10-06
Metal Equivalent
- Metal Eq. Grade
- 2.33
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: The Inferred resource at Wallace North shows a good copper grade, indicating potential for future resource growth and conversion to higher confidence categories.
Positive factors
- Good copper grade for an Inferred resource
- Provides upside potential for resource conversion
Evidence · table
“1.37”
Context: 0.45
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
inferredCloncurry · goldTonnes: 450000Grade: 0.95Grade Unit: g/tContained Metal: 14Contained Unit: kozView all detailsHide details
Identity
- Project
- Cloncurry
- Commodity
- gold
- Region
- australia_qld
- Reported Region
- Queensland
- Ticker
- TNC
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Christopher Speedy
- Resource group id
- resource:2f80f6dd0d045f0b1ed9
- Deposit or zone
- Wallace North
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 450000
- Grade
- 0.95
- Grade Unit
- g/t
- Contained Metal
- 14
- Contained Unit
- koz
- Cutoff Grade
- 0.45
- Cutoff Unit
- % Cu
Prior Estimate
- Resource Date
- 2026-10-06
Metal Equivalent
- Metal Eq. Grade
- 2.33
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: The Inferred resource at Wallace North includes a good gold grade, contributing to the project's overall gold endowment and future potential.
Positive factors
- Good gold grade for an Inferred resource
- Adds to the project's gold inventory
Evidence · table
“0.95”
Context: 0.45
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
indicatedCloncurry · copperTonnes: 5900000Grade: 0.63Grade Unit: %Contained Metal: 37Contained Unit: ktView all detailsHide details
Identity
- Project
- Cloncurry
- Commodity
- copper
- Region
- australia_qld
- Reported Region
- Queensland
- Ticker
- TNC
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Christopher Speedy
- Resource group id
- resource:8de01e90002bb749a7d5
- Deposit or zone
- Mongoose-Taipan
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 5900000
- Grade
- 0.63
- Grade Unit
- %
- Contained Metal
- 37
- Contained Unit
- kt
- Cutoff Grade
- 0.4
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-10-06
Metal Equivalent
- Metal Eq. Grade
- 0.76
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: The Indicated resource at Mongoose-Taipan adds significant copper tonnage to the project, enhancing its scale and development flexibility.
Positive factors
- Significant tonnage in Indicated category
- Contributes materially to overall resource growth
Evidence · table
“0.63”
Context: 5.9
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
indicatedCloncurry · goldTonnes: 5900000Grade: 0.13Grade Unit: g/tContained Metal: 24Contained Unit: kozView all detailsHide details
Identity
- Project
- Cloncurry
- Commodity
- gold
- Region
- australia_qld
- Reported Region
- Queensland
- Ticker
- TNC
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Christopher Speedy
- Resource group id
- resource:8de01e90002bb749a7d5
- Deposit or zone
- Mongoose-Taipan
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 5900000
- Grade
- 0.13
- Grade Unit
- g/t
- Contained Metal
- 24
- Contained Unit
- koz
- Cutoff Grade
- 0.4
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-10-06
Metal Equivalent
- Metal Eq. Grade
- 0.76
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: The Indicated resource at Mongoose-Taipan includes gold credits, contributing to the project's polymetallic nature and overall value.
Positive factors
- Adds gold credits to the large copper resource
- Enhances polymetallic potential
Evidence · table
“0.13”
Context: 5.9
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
indicatedCloncurry · cobaltTonnes: 5900000Grade: 0.01Grade Unit: %View all detailsHide details
Identity
- Project
- Cloncurry
- Commodity
- cobalt
- Region
- australia_qld
- Reported Region
- Queensland
- Ticker
- TNC
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Christopher Speedy
- Resource group id
- resource:8de01e90002bb749a7d5
- Deposit or zone
- Mongoose-Taipan
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 5900000
- Grade
- 0.01
- Grade Unit
- %
- Cutoff Grade
- 0.4
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-10-06
Metal Equivalent
- Metal Eq. Grade
- 0.76
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: The Indicated resource at Mongoose-Taipan includes cobalt, adding to the project's polymetallic profile and potential byproduct revenue.
Positive factors
- Presence of cobalt as a byproduct
- Adds to polymetallic potential
Evidence · table
“0.01”
Context: 5.9
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredCloncurry · copperTonnes: 5300000Grade: 0.62Grade Unit: %Contained Metal: 33Contained Unit: ktView all detailsHide details
Identity
- Project
- Cloncurry
- Commodity
- copper
- Region
- australia_qld
- Reported Region
- Queensland
- Ticker
- TNC
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Christopher Speedy
- Resource group id
- resource:b6b071dad44a101e7f9c
- Deposit or zone
- Mongoose-Taipan
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 5300000
- Grade
- 0.62
- Grade Unit
- %
- Contained Metal
- 33
- Contained Unit
- kt
- Cutoff Grade
- 0.4
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-10-06
Metal Equivalent
- Metal Eq. Grade
- 0.75
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: The Inferred resource at Mongoose-Taipan represents a large copper tonnage, offering substantial potential for future resource growth and conversion.
Positive factors
- Large tonnage in Inferred category
- Provides significant upside for resource conversion
Evidence · table
“0.62”
Context: 5.3
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
inferredCloncurry · goldTonnes: 5300000Grade: 0.13Grade Unit: g/tContained Metal: 23Contained Unit: kozView all detailsHide details
Identity
- Project
- Cloncurry
- Commodity
- gold
- Region
- australia_qld
- Reported Region
- Queensland
- Ticker
- TNC
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Christopher Speedy
- Resource group id
- resource:b6b071dad44a101e7f9c
- Deposit or zone
- Mongoose-Taipan
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 5300000
- Grade
- 0.13
- Grade Unit
- g/t
- Contained Metal
- 23
- Contained Unit
- koz
- Cutoff Grade
- 0.4
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-10-06
Metal Equivalent
- Metal Eq. Grade
- 0.75
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: The Inferred resource at Mongoose-Taipan includes gold credits, contributing to the project's future polymetallic potential.
Positive factors
- Adds gold credits to the large Inferred copper resource
- Enhances future polymetallic potential
Evidence · table
“0.13”
Context: 5.3
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
inferredCloncurry · cobaltTonnes: 5300000Grade: 0.01Grade Unit: %View all detailsHide details
Identity
- Project
- Cloncurry
- Commodity
- cobalt
- Region
- australia_qld
- Reported Region
- Queensland
- Ticker
- TNC
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Christopher Speedy
- Resource group id
- resource:b6b071dad44a101e7f9c
- Deposit or zone
- Mongoose-Taipan
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 5300000
- Grade
- 0.01
- Grade Unit
- %
- Cutoff Grade
- 0.4
- Cutoff Unit
- % CuEq
Prior Estimate
- Resource Date
- 2026-10-06
Metal Equivalent
- Metal Eq. Grade
- 0.75
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: The Inferred resource at Mongoose-Taipan includes cobalt, adding to the project's future polymetallic profile.
Positive factors
- Presence of cobalt as a byproduct in Inferred resource
- Adds to future polymetallic potential
Evidence · table
“0.01”
Context: 5.3
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
indicatedCloncurry · copperTonnes: 3680000Grade: 0.88Grade Unit: %Contained Metal: 32Contained Unit: ktView all detailsHide details
Identity
- Project
- Cloncurry
- Commodity
- copper
- Region
- australia_qld
- Reported Region
- Queensland
- Ticker
- TNC
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Christopher Speedy
- Resource group id
- resource:17469fbe73dea717bfcc
- Deposit or zone
- Great Australia
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 3680000
- Grade
- 0.88
- Grade Unit
- %
- Contained Metal
- 32
- Contained Unit
- kt
- Cutoff Grade
- 0.5
- Cutoff Unit
- % Cu
Prior Estimate
- Resource Date
- 2026-10-06
Metal Equivalent
- Metal Eq. Grade
- 0.96
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: The Indicated resource at Great Australia shows a good copper grade, adding to the project's overall resource confidence.
Positive factors
- Good copper grade for an Indicated resource
- Contributes to overall resource base
Evidence · table
“0.88”
Context: 3.68
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
indicatedCloncurry · goldTonnes: 3680000Grade: 0.08Grade Unit: g/tContained Metal: 9Contained Unit: kozView all detailsHide details
Identity
- Project
- Cloncurry
- Commodity
- gold
- Region
- australia_qld
- Reported Region
- Queensland
- Ticker
- TNC
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Christopher Speedy
- Resource group id
- resource:17469fbe73dea717bfcc
- Deposit or zone
- Great Australia
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 3680000
- Grade
- 0.08
- Grade Unit
- g/t
- Contained Metal
- 9
- Contained Unit
- koz
- Cutoff Grade
- 0.5
- Cutoff Unit
- % Cu
Prior Estimate
- Resource Date
- 2026-10-06
Metal Equivalent
- Metal Eq. Grade
- 0.96
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: The Indicated resource at Great Australia includes gold credits, contributing to the project's polymetallic profile.
Positive factors
- Adds gold credits to the copper resource
- Enhances polymetallic potential
Evidence · table
“0.08”
Context: 3.68
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
indicatedCloncurry · cobaltTonnes: 3680000Grade: 0.03Grade Unit: %Contained Metal: 1Contained Unit: ktView all detailsHide details
Identity
- Project
- Cloncurry
- Commodity
- cobalt
- Region
- australia_qld
- Reported Region
- Queensland
- Ticker
- TNC
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Christopher Speedy
- Resource group id
- resource:17469fbe73dea717bfcc
- Deposit or zone
- Great Australia
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 3680000
- Grade
- 0.03
- Grade Unit
- %
- Contained Metal
- 1
- Contained Unit
- kt
- Cutoff Grade
- 0.5
- Cutoff Unit
- % Cu
Prior Estimate
- Resource Date
- 2026-10-06
Metal Equivalent
- Metal Eq. Grade
- 0.96
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: The Indicated resource at Great Australia includes cobalt, adding to the project's polymetallic profile and potential byproduct revenue.
Positive factors
- Presence of cobalt as a byproduct
- Adds to polymetallic potential
Evidence · table
“0.03”
Context: 3.68
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
inferredCloncurry · copperTonnes: 1610000Grade: 0.83Grade Unit: %Contained Metal: 13Contained Unit: ktView all detailsHide details
Identity
- Project
- Cloncurry
- Commodity
- copper
- Region
- australia_qld
- Reported Region
- Queensland
- Ticker
- TNC
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Christopher Speedy
- Resource group id
- resource:39a2cec4598101d040d1
- Deposit or zone
- Great Australia
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 1610000
- Grade
- 0.83
- Grade Unit
- %
- Contained Metal
- 13
- Contained Unit
- kt
- Cutoff Grade
- 0.5
- Cutoff Unit
- % Cu
Prior Estimate
- Resource Date
- 2026-10-06
Metal Equivalent
- Metal Eq. Grade
- 0.88
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: The Inferred resource at Great Australia shows a good copper grade, indicating potential for future resource growth and conversion.
Positive factors
- Good copper grade for an Inferred resource
- Provides upside potential for resource conversion
Evidence · table
“0.83”
Context: 1.61
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
inferredCloncurry · goldTonnes: 1610000Grade: 0.05Grade Unit: g/tContained Metal: 3Contained Unit: kozView all detailsHide details
Identity
- Project
- Cloncurry
- Commodity
- gold
- Region
- australia_qld
- Reported Region
- Queensland
- Ticker
- TNC
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Christopher Speedy
- Resource group id
- resource:39a2cec4598101d040d1
- Deposit or zone
- Great Australia
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 1610000
- Grade
- 0.05
- Grade Unit
- g/t
- Contained Metal
- 3
- Contained Unit
- koz
- Cutoff Grade
- 0.5
- Cutoff Unit
- % Cu
Prior Estimate
- Resource Date
- 2026-10-06
Metal Equivalent
- Metal Eq. Grade
- 0.88
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: The Inferred resource at Great Australia includes gold credits, contributing to the project's future polymetallic potential.
Positive factors
- Adds gold credits to the Inferred copper resource
- Enhances future polymetallic potential
Evidence · table
“0.05”
Context: 1.61
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
inferredCloncurry · cobaltTonnes: 1610000Grade: 0.02Grade Unit: %Contained Metal: 0Contained Unit: ktView all detailsHide details
Identity
- Project
- Cloncurry
- Commodity
- cobalt
- Region
- australia_qld
- Reported Region
- Queensland
- Ticker
- TNC
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Christopher Speedy
- Resource group id
- resource:39a2cec4598101d040d1
- Deposit or zone
- Great Australia
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 1610000
- Grade
- 0.02
- Grade Unit
- %
- Contained Metal
- 0
- Contained Unit
- kt
- Cutoff Grade
- 0.5
- Cutoff Unit
- % Cu
Prior Estimate
- Resource Date
- 2026-10-06
Metal Equivalent
- Metal Eq. Grade
- 0.88
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: The Inferred resource at Great Australia includes cobalt, adding to the project's future polymetallic profile.
Positive factors
- Presence of cobalt as a byproduct in Inferred resource
- Adds to future polymetallic potential
Evidence · table
“0.02”
Context: 1.61
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
indicatedCloncurry · copperTonnes: 1010000Grade: 0.57Grade Unit: %Contained Metal: 6Contained Unit: ktView all detailsHide details
Identity
- Project
- Cloncurry
- Commodity
- copper
- Region
- australia_qld
- Reported Region
- Queensland
- Ticker
- TNC
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Christopher Speedy
- Resource group id
- resource:c23832bbfd2f788e68d8
- Deposit or zone
- Orphan Shear
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 1010000
- Grade
- 0.57
- Grade Unit
- %
- Contained Metal
- 6
- Contained Unit
- kt
- Cutoff Grade
- 0.25
- Cutoff Unit
- % Cu
Prior Estimate
- Resource Date
- 2026-10-06
Metal Equivalent
- Metal Eq. Grade
- 0.57
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: The Indicated resource at Orphan Shear adds to the project's overall copper inventory with a good grade at a reasonable cut-off.
Positive factors
- Contributes to overall Indicated resource base
- Good copper grade at a lower cut-off
Evidence · table
“0.57”
Context: 1.01
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
indicatedCloncurry · goldTonnes: 1010000Grade: 0.04Grade Unit: g/tContained Metal: 1Contained Unit: kozView all detailsHide details
Identity
- Project
- Cloncurry
- Commodity
- gold
- Region
- australia_qld
- Reported Region
- Queensland
- Ticker
- TNC
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Christopher Speedy
- Resource group id
- resource:c23832bbfd2f788e68d8
- Deposit or zone
- Orphan Shear
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 1010000
- Grade
- 0.04
- Grade Unit
- g/t
- Contained Metal
- 1
- Contained Unit
- koz
- Cutoff Grade
- 0.25
- Cutoff Unit
- % Cu
Prior Estimate
- Resource Date
- 2026-10-06
Metal Equivalent
- Metal Eq. Grade
- 0.57
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: The Indicated resource at Orphan Shear includes gold credits, contributing to the project's polymetallic profile.
Positive factors
- Adds gold credits to the copper resource
- Enhances polymetallic potential
Evidence · table
“0.04”
Context: 1.01
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
indicatedCloncurry · cobaltTonnes: 1010000Grade: 0.04Grade Unit: %Contained Metal: 0Contained Unit: ktView all detailsHide details
Identity
- Project
- Cloncurry
- Commodity
- cobalt
- Region
- australia_qld
- Reported Region
- Queensland
- Ticker
- TNC
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Christopher Speedy
- Resource group id
- resource:c23832bbfd2f788e68d8
- Deposit or zone
- Orphan Shear
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 1010000
- Grade
- 0.04
- Grade Unit
- %
- Contained Metal
- 0
- Contained Unit
- kt
- Cutoff Grade
- 0.25
- Cutoff Unit
- % Cu
Prior Estimate
- Resource Date
- 2026-10-06
Metal Equivalent
- Metal Eq. Grade
- 0.57
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: The Indicated resource at Orphan Shear includes cobalt, adding to the project's polymetallic profile and potential byproduct revenue.
Positive factors
- Presence of cobalt as a byproduct
- Adds to polymetallic potential
Evidence · table
“0.04”
Context: 1.01
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
inferredCloncurry · copperTonnes: 30000Grade: 0.09Grade Unit: %Contained Metal: 0Contained Unit: ktView all detailsHide details
Identity
- Project
- Cloncurry
- Commodity
- copper
- Region
- australia_qld
- Reported Region
- Queensland
- Ticker
- TNC
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Christopher Speedy
- Resource group id
- resource:e8636f4c77c00e0c4898
- Deposit or zone
- Orphan Shear
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 30000
- Grade
- 0.09
- Grade Unit
- %
- Contained Metal
- 0
- Contained Unit
- kt
- Cutoff Grade
- 0.25
- Cutoff Unit
- % Cu
Prior Estimate
- Resource Date
- 2026-10-06
Metal Equivalent
- Metal Eq. Grade
- 1.53
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: The Inferred resource at Orphan Shear contributes to the project's overall copper inventory, offering future potential.
Positive factors
- Adds to overall Inferred resource base
Evidence · table
“0.09”
Context: 0.03
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
inferredCloncurry · goldTonnes: 30000Grade: 1.42Grade Unit: g/tContained Metal: 2Contained Unit: kozView all detailsHide details
Identity
- Project
- Cloncurry
- Commodity
- gold
- Region
- australia_qld
- Reported Region
- Queensland
- Ticker
- TNC
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Christopher Speedy
- Resource group id
- resource:e8636f4c77c00e0c4898
- Deposit or zone
- Orphan Shear
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 30000
- Grade
- 1.42
- Grade Unit
- g/t
- Contained Metal
- 2
- Contained Unit
- koz
- Cutoff Grade
- 0.25
- Cutoff Unit
- % Cu
Prior Estimate
- Resource Date
- 2026-10-06
Metal Equivalent
- Metal Eq. Grade
- 1.53
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: The Inferred resource at Orphan Shear includes minor gold credits, contributing to the project's future polymetallic potential.
Positive factors
- Adds gold credits to the Inferred resource
Evidence · table
“1.42”
Context: 0.03
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
inferredCloncurry · cobaltTonnes: 30000Grade: 0.02Grade Unit: %Contained Metal: 0Contained Unit: ktView all detailsHide details
Identity
- Project
- Cloncurry
- Commodity
- cobalt
- Region
- australia_qld
- Reported Region
- Queensland
- Ticker
- TNC
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Christopher Speedy
- Resource group id
- resource:e8636f4c77c00e0c4898
- Deposit or zone
- Orphan Shear
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 30000
- Grade
- 0.02
- Grade Unit
- %
- Contained Metal
- 0
- Contained Unit
- kt
- Cutoff Grade
- 0.25
- Cutoff Unit
- % Cu
Prior Estimate
- Resource Date
- 2026-10-06
Metal Equivalent
- Metal Eq. Grade
- 0.28
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: The Inferred resource at Orphan Shear includes cobalt, adding to the project's future polymetallic profile.
Positive factors
- Presence of cobalt as a byproduct in Inferred resource
Evidence · table
“0.02”
Context: 0.03
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
measuredCloncurry · copperTonnes: 420000Grade: 0.41Grade Unit: %Contained Metal: 2Contained Unit: ktView all detailsHide details
Identity
- Project
- Cloncurry
- Commodity
- copper
- Region
- australia_qld
- Reported Region
- Queensland
- Ticker
- TNC
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Christopher Speedy
- Resource group id
- resource:e3cab2d6fc64440dbb6d
- Deposit or zone
- Wynberg
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- measured
- Tonnes
- 420000
- Grade
- 0.41
- Grade Unit
- %
- Contained Metal
- 2
- Contained Unit
- kt
- Cutoff Grade
- 0.4
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-10-06
Metal Equivalent
- Metal Eq. Grade
- 2.56
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: The Measured resource at Wynberg includes copper, adding to the confidence and scale of this gold-copper opportunity.
Positive factors
- High confidence Measured resource
- Adds copper to the gold-copper opportunity
Evidence · table
“0.41”
Context: 0.42
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
measuredCloncurry · goldTonnes: 420000Grade: 2.12Grade Unit: g/tContained Metal: 28Contained Unit: kozView all detailsHide details
Identity
- Project
- Cloncurry
- Commodity
- gold
- Region
- australia_qld
- Reported Region
- Queensland
- Ticker
- TNC
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Christopher Speedy
- Resource group id
- resource:e3cab2d6fc64440dbb6d
- Deposit or zone
- Wynberg
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- measured
- Tonnes
- 420000
- Grade
- 2.12
- Grade Unit
- g/t
- Contained Metal
- 28
- Contained Unit
- koz
- Cutoff Grade
- 0.4
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-10-06
Metal Equivalent
- Metal Eq. Grade
- 2.56
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: The Measured resource at Wynberg boasts a strong gold grade, providing high confidence and a significant contribution to the project's gold inventory.
Positive factors
- High confidence Measured resource with strong gold grade
- Significant contribution to gold inventory
Evidence · table
“2.12”
Context: 0.42
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
measuredCloncurry · silverTonnes: 420000Grade: 0.71Grade Unit: g/tContained Metal: 9Contained Unit: kozView all detailsHide details
Identity
- Project
- Cloncurry
- Commodity
- silver
- Region
- australia_qld
- Reported Region
- Queensland
- Ticker
- TNC
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Christopher Speedy
- Resource group id
- resource:e3cab2d6fc64440dbb6d
- Deposit or zone
- Wynberg
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- measured
- Tonnes
- 420000
- Grade
- 0.71
- Grade Unit
- g/t
- Contained Metal
- 9
- Contained Unit
- koz
- Cutoff Grade
- 0.4
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-10-06
Metal Equivalent
- Metal Eq. Grade
- 2.56
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: The Measured resource at Wynberg includes silver, adding to the project's polymetallic profile and potential byproduct revenue.
Positive factors
- Presence of silver as a byproduct in Measured resource
- Adds to polymetallic potential
Evidence · table
“0.71”
Context: 0.42
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
indicatedCloncurry · copperTonnes: 570000Grade: 0.14Grade Unit: %Contained Metal: 1Contained Unit: ktView all detailsHide details
Identity
- Project
- Cloncurry
- Commodity
- copper
- Region
- australia_qld
- Reported Region
- Queensland
- Ticker
- TNC
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Christopher Speedy
- Resource group id
- resource:5ffc8f2f4f4161c5d36c
- Deposit or zone
- Wynberg
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 570000
- Grade
- 0.14
- Grade Unit
- %
- Contained Metal
- 1
- Contained Unit
- kt
- Cutoff Grade
- 0.4
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-10-06
Metal Equivalent
- Metal Eq. Grade
- 1.85
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: The Indicated resource at Wynberg includes copper, contributing to the overall gold-copper potential of the project.
Positive factors
- Adds copper to the gold-copper opportunity in Indicated category
Evidence · table
“0.14”
Context: 0.57
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
indicatedCloncurry · goldTonnes: 570000Grade: 1.69Grade Unit: g/tContained Metal: 31Contained Unit: kozView all detailsHide details
Identity
- Project
- Cloncurry
- Commodity
- gold
- Region
- australia_qld
- Reported Region
- Queensland
- Ticker
- TNC
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Christopher Speedy
- Resource group id
- resource:5ffc8f2f4f4161c5d36c
- Deposit or zone
- Wynberg
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 570000
- Grade
- 1.69
- Grade Unit
- g/t
- Contained Metal
- 31
- Contained Unit
- koz
- Cutoff Grade
- 0.4
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-10-06
Metal Equivalent
- Metal Eq. Grade
- 1.85
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: The Indicated resource at Wynberg shows a strong gold grade, providing a significant contribution to the project's gold inventory.
Positive factors
- Strong gold grade for an Indicated resource
- Significant contribution to gold inventory
Evidence · table
“1.69”
Context: 0.57
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
indicatedCloncurry · silverTonnes: 570000Grade: 0.38Grade Unit: g/tContained Metal: 7Contained Unit: kozView all detailsHide details
Identity
- Project
- Cloncurry
- Commodity
- silver
- Region
- australia_qld
- Reported Region
- Queensland
- Ticker
- TNC
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Christopher Speedy
- Resource group id
- resource:5ffc8f2f4f4161c5d36c
- Deposit or zone
- Wynberg
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 570000
- Grade
- 0.38
- Grade Unit
- g/t
- Contained Metal
- 7
- Contained Unit
- koz
- Cutoff Grade
- 0.4
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-10-06
Metal Equivalent
- Metal Eq. Grade
- 1.85
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: The Indicated resource at Wynberg includes silver, adding to the project's polymetallic profile and potential byproduct revenue.
Positive factors
- Presence of silver as a byproduct in Indicated resource
- Adds to polymetallic potential
Evidence · table
“0.38”
Context: 0.57
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
inferredCloncurry Copper Project · copperTonnes: 30000Grade: 0.09Grade Unit: %Contained Metal: 0Contained Unit: ktView all detailsHide details
Identity
- Project
- Cloncurry Copper Project
- Commodity
- copper
- Region
- australia_qld
- Reported Region
- Queensland
- Ticker
- TNC
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Christopher Speedy
- Resource group id
- resource:3f5058c0de62bbb1f215
- Deposit or zone
- Wynberg
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 30000
- Grade
- 0.09
- Grade Unit
- %
- Contained Metal
- 0
- Contained Unit
- kt
- Cutoff Grade
- 0.4
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-10-06
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: The Inferred resource at Wynberg includes copper, contributing to the overall gold-copper potential of the project.
Positive factors
- Adds copper to the gold-copper opportunity in Inferred category
Evidence · table
“0.09”
Context: 0.03
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
inferredCloncurry Copper Project · goldTonnes: 30000Grade: 1.42Grade Unit: g/tContained Metal: 2Contained Unit: kozView all detailsHide details
Identity
- Project
- Cloncurry Copper Project
- Commodity
- gold
- Region
- australia_qld
- Reported Region
- Queensland
- Ticker
- TNC
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Christopher Speedy
- Resource group id
- resource:3f5058c0de62bbb1f215
- Deposit or zone
- Wynberg
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 30000
- Grade
- 1.42
- Grade Unit
- g/t
- Contained Metal
- 2
- Contained Unit
- koz
- Cutoff Grade
- 0.4
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-10-06
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: The Inferred resource at Wynberg shows a good gold grade, contributing to the project's future gold inventory.
Positive factors
- Good gold grade for an Inferred resource
- Adds to future gold inventory
Evidence · table
“1.42”
Context: 0.03
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
inferredCloncurry Copper Project · silverTonnes: 30000Grade: 0.27Grade Unit: g/tContained Metal: 0Contained Unit: kozView all detailsHide details
Identity
- Project
- Cloncurry Copper Project
- Commodity
- silver
- Region
- australia_qld
- Reported Region
- Queensland
- Ticker
- TNC
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Christopher Speedy
- Resource group id
- resource:3f5058c0de62bbb1f215
- Deposit or zone
- Wynberg
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 30000
- Grade
- 0.27
- Grade Unit
- g/t
- Contained Metal
- 0
- Contained Unit
- koz
- Cutoff Grade
- 0.4
- Cutoff Unit
- g/t Au
Prior Estimate
- Resource Date
- 2026-10-06
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: The Inferred resource at Wynberg includes silver, adding to the project's future polymetallic profile.
Positive factors
- Presence of silver as a byproduct in Inferred resource
- Adds to future polymetallic potential
Evidence · table
“0.27”
Context: 0.03
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
inferredCloncurry · copperTonnes: 90000Grade: 1.76Grade Unit: %Contained Metal: 1.6Contained Unit: ktView all detailsHide details
Identity
- Project
- Cloncurry
- Commodity
- copper
- Region
- australia_qld
- Reported Region
- Queensland
- Ticker
- TNC
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Christopher Speedy
- Resource group id
- resource:6ff0564fe8cacf96cd38
- Deposit or zone
- Mt Norma, In-situ
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 90000
- Grade
- 1.76
- Grade Unit
- %
- Contained Metal
- 1.6
- Contained Unit
- kt
- Cutoff Grade
- 0.6
- Cutoff Unit
- % Cu
Prior Estimate
- Resource Date
- 2026-10-06
Metal Equivalent
- Metal Eq. Grade
- 1.76
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: The Inferred resource at Mt Norma shows a high copper grade, contributing to the project's overall resource potential.
Positive factors
- High copper grade for an Inferred resource
- Contributes to overall resource base
Evidence · table
“1.76”
Context: 0.09
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
inferredCloncurry · silverTonnes: 90000Grade: 15.46Grade Unit: g/tContained Metal: 50Contained Unit: kozView all detailsHide details
Identity
- Project
- Cloncurry
- Commodity
- silver
- Region
- australia_qld
- Reported Region
- Queensland
- Ticker
- TNC
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Christopher Speedy
- Resource group id
- resource:6ff0564fe8cacf96cd38
- Deposit or zone
- Mt Norma, In-situ
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 90000
- Grade
- 15.46
- Grade Unit
- g/t
- Contained Metal
- 50
- Contained Unit
- koz
- Cutoff Grade
- 0.6
- Cutoff Unit
- % Cu
Prior Estimate
- Resource Date
- 2026-10-06
Metal Equivalent
- Metal Eq. Grade
- 1.76
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: The Inferred resource at Mt Norma includes a good silver grade, enhancing the project's polymetallic potential.
Positive factors
- Good silver grade for an Inferred resource
- Adds to polymetallic potential
Evidence · table
“15.46”
Context: 0.09
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
indicatedCloncurry · copperTonnes: 10000Grade: 1.13Grade Unit: %Contained Metal: 0.12Contained Unit: ktView all detailsHide details
Identity
- Project
- Cloncurry
- Commodity
- copper
- Region
- australia_qld
- Reported Region
- Queensland
- Ticker
- TNC
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Christopher Speedy
- Resource group id
- resource:421cce904d7d792218bd
- Deposit or zone
- Mt Norma, Leach & Stockpile
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 10000
- Grade
- 1.13
- Grade Unit
- %
- Contained Metal
- 0.12
- Contained Unit
- kt
- Cutoff Grade
- 0.6
- Cutoff Unit
- % Cu
Prior Estimate
- Resource Date
- 2026-10-06
Metal Equivalent
- Metal Eq. Grade
- 1.13
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: The Indicated resource from Mt Norma's leach and stockpile material shows a good copper grade, offering potential for early production.
Positive factors
- Good copper grade from leach and stockpile material
- Potential for early production
Evidence · table
“1.13”
Context: 0.01
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
indicatedCloncurry Copper Project · copperTonnes: 20640000Grade: 0.74Grade Unit: %Contained Metal: 151.7Contained Unit: ktView all detailsHide details
Identity
- Project
- Cloncurry Copper Project
- Commodity
- copper
- Region
- australia_qld
- Reported Region
- Queensland
- Ticker
- TNC
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Christopher Speedy
- Resource group id
- resource:2537a9045bb03aef6d2d
- Deposit or zone
- Cloncurry Copper-Gold Total
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 20640000
- Grade
- 0.74
- Grade Unit
- %
- Contained Metal
- 151.7
- Contained Unit
- kt
Prior Estimate
- Resource Date
- 2026-10-06
- Prior Tonnes
- 12800000
- Prior Grade
- 0.74
- Prior Contained Metal
- 126
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: The total copper resource shows significant growth in tonnage while maintaining grade, leading to substantial contained metal growth and a robust base for the PFS.
Positive factors
- Significant increase in total tonnage
- Maintained grade with substantial contained metal growth
- Strong overall resource base for PFS
Evidence · table
“0.74”
Context: 20.64
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Tonnage Growthpositive
Significant tonnage increase (≥15%) vs prior estimate with grade maintained or improved.
Why it applies: 20640000 against 12800000 previously
Contained Metal Growthpositive
True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.
Why it applies: 151.7 against 126 previously
indicatedCloncurry Copper Project · goldTonnes: 20640000Grade: 0.26Grade Unit: g/tContained Metal: 171Contained Unit: kozView all detailsHide details
Identity
- Project
- Cloncurry Copper Project
- Commodity
- gold
- Region
- australia_qld
- Reported Region
- Queensland
- Ticker
- TNC
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Christopher Speedy
- Resource group id
- resource:2537a9045bb03aef6d2d
- Deposit or zone
- Cloncurry Copper-Gold Total
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 20640000
- Grade
- 0.26
- Grade Unit
- g/t
- Contained Metal
- 171
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2026-10-06
- Prior Tonnes
- 12800000
- Prior Grade
- 0.16
- Prior Contained Metal
- 126
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: The total gold resource shows an increased grade and contained metal, significantly enhancing the project's overall economic potential.
Positive factors
- Increased gold grade and contained gold
- Enhances overall project economics
Evidence · table
“0.26”
Context: 20.64
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Tonnage Growthpositive
Significant tonnage increase (≥15%) vs prior estimate with grade maintained or improved.
Why it applies: 20640000 against 12800000 previously
Grade Improvementpositive
Average resource grade improved vs prior estimate — better deposit economics.
Why it applies: 0.26 against 0.16 previously
Contained Metal Growthpositive
True scale improvement — contained metal ounces/tonnes increased vs prior, accounting for both tonnage and grade changes.
Why it applies: 171 against 126 previously
indicatedCloncurry Copper Project · cobaltTonnes: 20640000Grade: 0Grade Unit: %Contained Metal: 1Contained Unit: ktView all detailsHide details
Identity
- Project
- Cloncurry Copper Project
- Commodity
- cobalt
- Region
- australia_qld
- Reported Region
- Queensland
- Ticker
- TNC
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Christopher Speedy
- Resource group id
- resource:2537a9045bb03aef6d2d
- Deposit or zone
- Cloncurry Copper-Gold Total
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 20640000
- Grade
- 0
- Grade Unit
- %
- Contained Metal
- 1
- Contained Unit
- kt
Prior Estimate
- Resource Date
- 2026-10-06
- Prior Tonnes
- 12800000
- Prior Grade
- 0
- Prior Contained Metal
- 126
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: The total resource includes cobalt, adding to the project's polymetallic profile and potential byproduct revenue.
Positive factors
- Presence of cobalt as a byproduct
- Adds to polymetallic potential
Evidence · table
“0.00”
Context: 20.64
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Tonnage Growthpositive
Significant tonnage increase (≥15%) vs prior estimate with grade maintained or improved.
Why it applies: 20640000 against 12800000 previously
Contained Metal Declinenegative
Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.
Why it applies: 1 against 126 previously
Dilutive Growthnegative
Tonnage increased but contained metal flat or down — likely from lower cut-off grade, not geological expansion.
Why it applies: tonnage rose while contained metal went 1 from 126
indicatedCloncurry Copper Project · silverTonnes: 20640000Contained Metal: 67Contained Unit: kozView all detailsHide details
Identity
- Project
- Cloncurry Copper Project
- Commodity
- silver
- Region
- australia_qld
- Reported Region
- Queensland
- Ticker
- TNC
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Christopher Speedy
- Resource group id
- resource:2537a9045bb03aef6d2d
- Deposit or zone
- Cloncurry Copper-Gold Total
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 20640000
- Contained Metal
- 67
- Contained Unit
- koz
Prior Estimate
- Resource Date
- 2026-10-06
- Prior Tonnes
- 12800000
- Prior Contained Metal
- 126
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: The total resource includes silver, adding to the project's polymetallic profile and potential byproduct revenue.
Positive factors
- Presence of silver as a byproduct
- Adds to polymetallic potential
Evidence · table
“67”
Context: 20.64
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Tonnage Growthpositive
Significant tonnage increase (≥15%) vs prior estimate with grade maintained or improved.
Why it applies: 20640000 against 12800000 previously
Contained Metal Declinenegative
Contained metal decreased vs prior despite tonnage growth — grade dilution exceeds volume gain.
Why it applies: 67 against 126 previously
Dilutive Growthnegative
Tonnage increased but contained metal flat or down — likely from lower cut-off grade, not geological expansion.
Why it applies: tonnage rose while contained metal went 67 from 126
inferredCloncurry · silverTonnes: 30000Grade: 0.27Grade Unit: g/tContained Metal: 0Contained Unit: kozView all detailsHide details
Identity
- Project
- Cloncurry
- Commodity
- silver
- Region
- australia_qld
- Reported Region
- Queensland
- Ticker
- TNC
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- QP Signed
- Yes
- Qualified person names
- Christopher Speedy
- Resource group id
- resource:e8636f4c77c00e0c4898
- Deposit or zone
- Orphan Shear
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 30000
- Grade
- 0.27
- Grade Unit
- g/t
- Contained Metal
- 0
- Contained Unit
- koz
- Cutoff Grade
- 0.25
- Cutoff Unit
- % Cu
Prior Estimate
- Resource Date
- 2026-10-06
Metal Equivalent
- Metal Eq. Grade
- 1.53
- Metal Eq. Unit
- % CuEq
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: The Inferred resource at Orphan Shear contributes to the project's overall copper inventory, offering future potential. (Expanded from multi-commodity resource table for completeness.)
Positive factors
- Adds to overall Inferred resource base
Evidence · table
“0.27”
Context: 0.03
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Disclosedpositive
Cut-off grade used for resource reporting is clearly stated, enabling like-for-like comparison.
Why it applies: cutoff_grade is stated
QP/CP Signedpositive
Qualified Person (QP) or Competent Person (CP) named and signed off — a member of a recognized professional association (e.g., AusIMM, SME, AIG, P.Geo) with relevant experience.
Why it applies: qp_signed is true
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
indicatedVero · copperTonnes: 10740000Grade: 1.68Grade Unit: %Contained Metal: 180Contained Unit: ktView all detailsHide details
Identity
- Project
- Vero
- Commodity
- copper
- Ticker
- TNC
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- Resource group id
- resource:43f22b63e9d2983e989e
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 10740000
- Grade
- 1.68
- Grade Unit
- %
- Contained Metal
- 180
- Contained Unit
- kt
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“1.68”
Context: 10.74
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
indicatedVero · silverTonnes: 10740000Grade: 4.32Grade Unit: mozView all detailsHide details
Identity
- Project
- Vero
- Commodity
- silver
- Ticker
- TNC
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- Resource group id
- resource:43f22b63e9d2983e989e
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 10740000
- Grade
- 4.32
- Grade Unit
- moz
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“4.32”
Context: 10.74
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
inferredVero · copperTonnes: 4280000Grade: 0.92Grade Unit: %Contained Metal: 39Contained Unit: ktView all detailsHide details
Identity
- Project
- Vero
- Commodity
- copper
- Ticker
- TNC
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- Resource group id
- resource:3e330a4ab3e8395dfdba
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 4280000
- Grade
- 0.92
- Grade Unit
- %
- Contained Metal
- 39
- Contained Unit
- kt
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“0.92”
Context: 4.28
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
inferredVero · silverTonnes: 4280000Grade: 0.81Grade Unit: mozView all detailsHide details
Identity
- Project
- Vero
- Commodity
- silver
- Ticker
- TNC
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- Resource group id
- resource:3e330a4ab3e8395dfdba
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 4280000
- Grade
- 0.81
- Grade Unit
- moz
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“0.81”
Context: 4.28
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
No Contained Metalnegative
Tonnage and grade reported but contained metal not calculated or disclosed — incomplete reporting.
Why it applies: contained_metal was not reported
measuredVero · cobaltTonnes: 520000Grade: 0.25Grade Unit: %Contained Metal: 1.3Contained Unit: ktView all detailsHide details
Identity
- Project
- Vero
- Commodity
- cobalt
- Ticker
- TNC
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- Resource group id
- resource:92c3fdbbbd785d442e78
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- measured
- Tonnes
- 520000
- Grade
- 0.25
- Grade Unit
- %
- Contained Metal
- 1.3
- Contained Unit
- kt
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“0.25”
Context: 0.52
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
indicatedVero · cobaltTonnes: 5980000Grade: 0.22Grade Unit: %Contained Metal: 13.4Contained Unit: ktView all detailsHide details
Identity
- Project
- Vero
- Commodity
- cobalt
- Ticker
- TNC
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- Resource group id
- resource:9c745b8acb232a3dd281
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 5980000
- Grade
- 0.22
- Grade Unit
- %
- Contained Metal
- 13.4
- Contained Unit
- kt
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“0.22”
Context: 5.98
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
inferredVero · cobaltTonnes: 2660000Grade: 0.24Grade Unit: %Contained Metal: 6.5Contained Unit: ktView all detailsHide details
Identity
- Project
- Vero
- Commodity
- cobalt
- Ticker
- TNC
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- Resource group id
- resource:9bd3365971682004ee69
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 2660000
- Grade
- 0.24
- Grade Unit
- %
- Contained Metal
- 6.5
- Contained Unit
- kt
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“0.24”
Context: 2.66
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
measuredTNC · goldTonnes: 10000Grade: 1.9Grade Unit: g/tContained Metal: 0.6Contained Unit: kozView all detailsHide details
Identity
- Project
- TNC
- Commodity
- gold
- Ticker
- TNC
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- Resource group id
- resource:1eea98ef871ff6f9def0
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- measured
- Tonnes
- 10000
- Grade
- 1.9
- Grade Unit
- g/t
- Contained Metal
- 0.6
- Contained Unit
- koz
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“1.9”
Context: 0.01
Tags used in scoring
Measured Resourcepositive
Highest confidence category — tonnage, grade, shape well-established from closely-spaced drilling. Basis for Proven Reserves.
Why it applies: category is "measured"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
indicatedTNC · goldTonnes: 250000Grade: 1.9Grade Unit: g/tContained Metal: 14.6Contained Unit: kozView all detailsHide details
Identity
- Project
- TNC
- Commodity
- gold
- Ticker
- TNC
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- Resource group id
- resource:e28e285fdc6284eb4924
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- indicated
- Tonnes
- 250000
- Grade
- 1.9
- Grade Unit
- g/t
- Contained Metal
- 14.6
- Contained Unit
- koz
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“1.9”
Context: 0.25
Tags used in scoring
Indicated Resourcepositive
Reasonable geological confidence based on adequate drilling; continuity can be assumed. Basis for Probable Reserves.
Why it applies: category is "indicated"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
inferredTNC · goldTonnes: 2000Grade: 0.9Grade Unit: g/tContained Metal: 0.1Contained Unit: kozView all detailsHide details
Identity
- Project
- TNC
- Commodity
- gold
- Ticker
- TNC
Resource scope
- Estimate type
- resource
- Reporting standards
- jorc
- Resource group id
- resource:3132c1f981a959082fed
- Mining method
- underground
- Ownership percent
- 100 %
Resource Data
- Category
- inferred
- Tonnes
- 2000
- Grade
- 0.9
- Grade Unit
- g/t
- Contained Metal
- 0.1
- Contained Unit
- koz
Metal Equivalent
- Assumptions Disclosed
- Yes
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: Expanded from multi-commodity resource table for completeness.
Negative factors
- Fact expanded from resource table columns (model omitted this commodity).
Evidence · table
“0.9”
Context: 0.002
Tags used in scoring
Inferred Resourcenegative
Speculative category — limited drilling, geological continuity assumed but not confirmed. Cannot support economic studies alone.
Why it applies: category is "inferred"
Cut-off Undisclosednegative
High-grade interval reported without stating the cut-off grade used for compositing.
Why it applies: no cutoff_grade was stated
JORC Compliantpositive
Resource estimate prepared in compliance with JORC Code (Australia) — high reporting standard.
Why it applies: reporting_standards includes jorc
Metallurgical Results (1)
pulp leachCloncurry Copper Project · copperRecovery: 99.2 %Head Grade: 0.66Head Grade Unit: %View all detailsHide details
Identity
- Project
- Cloncurry Copper Project
- Commodity
- copper
- Region
- australia_qld
- Reported Region
- Queensland
- Ticker
- TNC
Test Work
- Program Status
- detailed
- Test Type
- pulp leach
- Processing Route
- oxide leaching
- Sample
- Mongoose-Taipan Comp 4 from GAMD26_007 (0.0-11.0m)
Recovery
- Recovery
- 99.2 %
- Recovery Basis
- actual_test
- Head Grade
- 0.66
- Head Grade Unit
- %
Lab
- Laboratory
- Brisbane Metallurgical Laboratories (BML) and ALS Brisbane
- Consultant
- Moroney Hydrometallurgy
Review
- Needs Review
- No
- Historical
- No
Dates
- Event date
- 2026-10-19T00:00:00.000Z
Reasoning: This Mongoose-Taipan composite achieved exceptional 99.2% copper recovery via pulp leach, indicating very favorable characteristics for oxide processing.
Positive factors
- Exceptional acid-leachable copper recovery from oxide material
- Strongly supports oxide processing pathway for Mongoose-Taipan
Negative factors
- Pulp leach is a preliminary test type
Evidence · table
“99.2%”
Context: 0.66%
Tags used in scoring
High Recoverypositive
Recovery at or above the exceptional band for the commodity and processing route.
Why it applies: 99.2% is at or above the exceptional band (92%)
How Atlas produces this analysis
Minestarters Atlas uses automated extraction to summarize mining announcements, identify reported measurements, and classify supporting evidence. Sentiment reflects the extracted narrative and classification rules; it is an interpretation, not a reported measurement. Evidence quotes and context are provided where available. Missing data, low-confidence results, and review flags indicate limitations. Check the original publisher announcement before relying on an interpretation.