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Torque Metals Limited (ASX:TOR)

ALERT: Price-sensitive ASX Announcement for TOR
Current share price for TOR : $0.315 0.035 (12.50%)+
Announcement
Release
22 Oct 2025 8:17PM
Price at Release
$0.280
Full Release
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Summary
The quarterly activities and cashflow report for Torque Metals Limited outlines significant developments and financial updates for the period ending 30 September 2025. The company successfully received early exercise notices from major shareholders, converting 12.8 million options and raising $2.8 million in additional funding. The quarter saw continued exploration efforts at the Paris Gold Project in Western Australia, with no mining production or development activities reported. The company maintained a cash balance of $4.3 million, with exploration and evaluation expenditures amounting to $0.80 million. The report also addresses related party payments and notes the strong financial position, enabling continued exploration activities in one of Australia's most prospective gold corridors.
Key Points
  • Received $2.8 million from exercise of 12.8 million options.
  • Exploration expenditures totaled $0.80 million.
  • Cash balance of $4.3 million as of 30 September 2025.
  • No mining production or development during the quarter.
  • Paris Gold Project continues to be a primary exploration focus.
  • Payments to related parties amounted to $0.13 million.
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.