Shares in True North Copper (ASX:TNC) have seen an increase of as much as 5.4%, touching A$0.195, the highest since September 14.

The critical minerals explorer company has confirmed large-scale and high-grade copper-cobalt-silver mineralisation at its Mt Oxide Project, based in Queensland.

According to the company, the drilling results indicate a rapidly increasing grade and width of mineralisation.

The company’s stock has been on an upward trend, with an approximate 54% increase year to date, from the last close.

True North Copper is a company that focuses on exploration of critical minerals with ongoing projects located in Queensland.