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Torque Metals Limited (ASX:TOR)

ALERT: Price-sensitive ASX Announcement for TOR
Current share price for TOR : $0.200 -0.05 (-20%)+
Announcement
Release
7 Jul 2026 8:24AM
Price at Release
$0.250
Full Release
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Summary
Torque Metals Limited has outlined an aggressive exploration and resource growth strategy under Project RPM, aiming to significantly increase its gold resources in the South Kalgoorlie area over the next two years. The company plans to drill over 70,000 meters focusing on both expanding existing resources and uncovering new deposits, primarily at the Paris, HHH, Observation, and Paris East sites. Current estimates place their resources at 3.47 million tonnes at 3.1g/t gold for 351,000 ounces, with a target to reach one million ounces at a grade over 2.0g/t. Using advanced exploratory techniques, Torque aims to enhance their project portfolio through systematic exploration and strategic resource management in a region with robust mining infrastructure.
Key Points
  • Torque Metals Limited focuses on systematic growth and discovery at the Paris Gold Project and other sites.
  • Aggressive exploration framework with over 70,000 meters of drilling planned for the next year, targeting both resource growth and new discoveries.
  • The current Mineral Resource Estimate (MRE) for Torque is 3.47 million tonnes at 3.1g/t gold for 351,000 ounces.
  • Project RPM aims for a rapid increase to one million ounces at over 2.0g/t gold in the next two years.
  • Key exploration areas include Paris, HHH, Observation, and Paris East, with applications of electromagnetic surveys for targeting.
  • Torque uses proven targeting tools like Down Hole Electromagnetic (DHEM) surveys and structural drilling.
  • The Paris project is part of a district-scale exploration across a 57km prospective corridor, leveraging proximity to major mining infrastructure.
  • Paris and HHH deposits are highlighted as part of a scalable, multi-lode gold system with significant growth potential at depth and along strike.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.