InvestSMART

Torque Metals Limited (ASX:TOR)

ALERT: Price-sensitive ASX Announcement for TOR
Current share price for TOR : $0.230 -0.12 (-34.29%)+
Announcement
Release
29 Jan 2026 8:17AM
Price at Release
$0.350
Full Release
download
Summary
Torque Metals Limited is advancing the Paris Gold Camp through a strategic development plan focused on resource definition, expansion, and near-term gold production in Australia. The strategy includes systematic drilling to extend mineral resources and improve resource estimates, particularly in the Paris, HHH, and Observation deposits. The company is leveraging pre-Native Title mining leases to accelerate regulatory approvals and development pathways. Torque is engaging in partnerships for potential operations and toll-treatments, focusing on shallow oxide mineralization, and aims to rapidly convert identified resources into production-ready ounces. The exploration strategy involves aggressive drilling and DHEM surveys to expand the gold resource across a largely untested 57-kilometer strike within the highly prospective greenstone belt.
Key Points
  • Observation deposit targeted for systematic drilling and early-stage development.
  • Paris Gold Camp exploration prioritizing Paris South, Strauss, and Maynards Dam.
  • 2026 strategy focuses on advancing Paris Gold Camp to a more mature development phase.
  • Resource definition and expansion through systematic infill and step-out drilling.
  • Engagement with potential operating and toll-treatment partners for production readiness.
  • Pre-Native Title mining leases streamline development and regulatory approval processes.
  • The current Mineral Resource Estimate stands at 250,000 ounces at 3.1 g/t Au.
  • Maynards Dam is a priority exploration target due to shallow high-grade intersections.
  • The Paris Gold Project spans a 57-kilometer strike length within a prospective greenstone belt.
  • Torque Metals aims for rapid conversion of resources into mineable ounces for near-term production.
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.