Junior True North Copper has started copper sulphate production at its Cloncurry project in Queensland.
Initial production capacity is estimated at 12 000 t/y of copper sulphate crystal, with True North Copper having an offtake agreement in place with Australia’s Kanins International for all of the copper sulphate production.
“We’re thrilled to announce the successful commencement of our first copper sulphate production. This accomplishment is a testament to the dedication and efforts of our entire team,” said True North MD Marty Costello.
“We have worked hard to achieve copper sulphate production in a short period of time and we are proud to be one of the few active copper sulphate producers in the country. We believe our offtake agreement with Kanins International provides confidence in True North Copper's revenue generation.
“The agreement ensures a premium above the London Metal Exchange price for our high-quality copper sulphate, providing a stable and predictable revenue stream. This is another milestone completed that forms part of our overarching strategy to become Australia’s next critical minerals producer of copper and cobalt as we finalise restart studies for full-scale production.”