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True North Copper Divests Bundarra Project Retaining Royalty and Equity Exposure

8:31am on Monday 20th of July, 2026 AEST Mining
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True North Copper Divests Bundarra Project Retaining Royalty and Equity Exposure

8:31am on Monday 20th of July, 2026 AEST
Key Points
  • Sale of Bundarra Project for A$500,000 cash plus A$1 million equity
  • Retention of 1% Net Smelter Royalty with A$3 million buyback option
  • Deal conditional on Tec Minerals IPO or reverse takeover
  • True North concentrates capital on Mt Oxide and Cloncurry projects
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