Torque Metals

IAN FINCH

CHAIRMAN

(ASX:TOR)

◾ Company Name: Torque Metals ◾ Company ASX code: TOR ◾ Key Commodities: Gold, nickel ◾ Key Personnel: Ian Finch, Chairman | Cristian Moreno, Chief Executive Officer ◾ Locations: Kalgoorlie & Southern Cross, Western Australia ◾ Market Cap as of 15/08/22: $11.67M ◾ FY22 Share price range – Low/High: $0.150 / $0.335 ◾ Company Website: torquemetals.com

COMPANY PROFILE

Gold exploration company Torque Metals was founded in August 2017 and has spent the intervening years hunting for the best available gold projects throughout the Kalgoorlie & Southern Cross regions of Western Australia.

Torque listed on ASX on 25 June 2021, performing well straight out of the gate by finalising an oversubscribed $5.5 million IPO, totalling 27.5 million shares at $0.20c.

Since then, Torque has significantly grown its portfolio which includes its flagship Paris gold project, with nine wholly-owned, granted, pre-native title mining licences, two prospecting licences, and 19 additional blocks under application covering a total area of 176km².

Paris is in the high-grade Goldfields of Western Australia, approximately 100km south southeast of the main mining city of Kalgoorlie-Boulder.

Crucially, the project sits along strike from a stellar cast of famous gold mines, including the world-famous Super Pit, straddling the prolific gold-bearing Boulder-Lefroy Fault structural corridor which boasts a mammoth gold endowment of more than 7 0 million ounces.

Torque’s Paris Project area remains vastly underexplored, with past drilling generally restricted to the top 50 metres, highlighting significant opportunities for discovery of gold mineralisation by the application of modern-day exploration techniques and more extensive, and deeper, drilling.

Since listing on ASX in 2021, Torque has undertaken three successful drilling campaigns at Paris to define the zones most likely to rapidly increase the project’s gold resource base. So far Torque has discovered six different prospects within the “Paris Gold Corridor”.

Most recently, drilling returned new high-grade gold discoveries adjacent to the historic open pit. Results included 24m @ 10.7g/t Au from 156m and 9m @ 10.56g/t Au.

Torque has also acquired an 80% ownership of three Exploration Licences previously held by Jindalee Resources Limited (ASX:JRL) adjacent to the Paris gold project. These tenements comprise three granted exploration licences aggregating 51km2 which provides Torque with increased exposure to this highly prospective region and has considerable importance for the future of the Paris Gold Project.

The more than doubling of this highgrade gold tenure puts another tick in the plus column since, among other aspects, the licences are close to the large Higginsville mine, providing ready access to an existing mill in the area.

Finally, Torque has identified significant nickel potential at Paris from their geophysical activities, historical assays results confirming nickel grades. The company commenced geophysical exploration of three potential nickel prospects in July 2022.

The second project is the Bullfinch Project which lies in a historic gold province approximately 40 kilometres north of the town of Southern Cross, midway between Perth and Kalgoorlie. The Bullfinch Project consists of five continuous exploration licences owned by Torque, opening up a highly potential 542km2 parcel of land inside the Bullfinch high-grade gold province.

Historical mining in the area saw over 15 million ounces of production and was dominated by the nearby Copperhead mine – one of the most productive mines in Southern Cross Province – as well as a host of smaller gold occurrences.

Torque has commenced a drilling program at the Withers Find high-grade gold prospect, where geophysics has indicated significant potential, making it the prime maiden drilling target.

KEY INVESTMENT HIGHLIGHTS

AUGUST 10, 2022: Drilling Re-Commences at Paris gold project following 27m @ 8.2g/t Au and 24m @ 10.7g/t Au from 156m. MARCH 30, 2022: Nickel potential identified by strong conductors at Paris project, similar to the Cassini nickel project to the west, and Lanfranchi nickel mine to the north. OCTOBER 21, 2021: High-grade gold hits at Paris project following 6m @ 34.6g/t Au from 141m within a larger zone of 24m @ 10.7g/t Au, and 6m @ 15.2g/t Au from 123m within a larger zone of 9m @ 10.56g/t Au.