The company is hunting for at least $15 million and has hired stockbroker Morgans Financial to oversee the mooted transaction.

True North Copper has hit deep, wide copper at its Mt Oxide project in Queensland, with drilling extending mineralisation to 300m depth and returning a stellar 6m at 5.70% copper.

The company is hunting for at least $15 million and has hired stockbroker Morgans Financial to oversee the mooted transaction.