InvestSMART

Torque Metals Limited (ASX:TOR)

ALERT: Price-sensitive ASX Announcement for TOR
Current share price for TOR : $0.315 0.013 (4.13%)+
Announcement
Release
30 Jan 2026 1:51PM
Price at Release
$0.303
Full Release
download
Summary
Torque Metals Limited's quarterly report highlights their cash flow and financial activities for the period ending 31 December 2025. The company has a cash balance of AUD 16,019,000 at the end of the quarter with no financing facilities drawn. The report details cash outflows of AUD 2,407,000 for exploration and evaluation within investing activities, contributing to a total cash outflow of AUD 2,731,000. Despite this, Torque Metals reports a net cash inflow from financing activities amounting to AUD 15,080,000, primarily from the proceeds of equity securities. The Paris Gold Project is a significant focus, with continued exploration efforts aimed at expanding their currently estimated 250,000-ounce gold resource. This exploration is part of a larger strategy to enhance their asset within a 57-kilometer gold belt in Western Australia.
Key Points
  • Cash balance of AUD 16,019,000 reported at quarter end.
  • No financing facilities were utilized during the quarter.
  • Significant exploration expenditure of AUD 2,407,000.
  • Net cash inflow from financing activities of AUD 15,080,000.
  • Focus on expanding the Paris Gold Project's resource base.
  • Estimated 250,000-ounce gold resource at 3.1 g/t Au.
  • Exploration spans a 57-kilometer gold belt in Western Australia.
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.