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Torque Metals Limited (ASX:TOR)

ALERT: Price-sensitive ASX Announcement for TOR
Current share price for TOR : $0.315 -0.055 (-14.86%)+
Announcement
Release
11 Mar 2026 9:27AM
Price at Release
$0.370
Full Release
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Summary
Torque Metals Limited has appointed a seasoned team from Spartan Resources to lead the company's next phase of growth, focusing on the exploration and development of the Paris Gold Project in Western Australia. Newly appointed executives include Simon Lawson as Chairman-elect, Craig Jones as CEO and Managing Director-elect, and David Coyne as Non-Executive Director-elect. The team is known for significant contributions to the high-grade gold discoveries at Spartan Resources, leading to its $2.5 billion merger with Ramelius. Torque aims to accelerate exploration with a $3 million capital raise to enhance drilling activities and expand its exploration programs across its extensive Kalgoorlie district tenement package.
Key Points
  • Torque Metals appoints former Spartan Resources team to lead growth.
  • Simon Lawson, Craig Jones, and David Coyne join Torque's board.
  • Focus on Paris Gold Project and exploration in Kalgoorlie district.
  • $3 million capital raise planned to fund exploration activities.
  • Intention to unlock significant exploration potential with systematic approach.
  • Paris Gold Project located in a prolific gold belt near Kalgoorlie.
  • Incoming team brings extensive technical and operational expertise.
  • Strategic leadership aimed at discovery-driven growth strategy.
  • Enhanced exploration programs to be funded by capital raising.
  • Paris Gold Project spans 1,200km², significantly underexplored.
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.