Torque Metals

#ASXANNOUNCEMENT: OUTSTANDING METALLURGICAL RESULTS AT PARIS GOLD PROJECT. Torque Metals is pleased to announce gold recovery results from independent sighter metallurgical testing conducted on each of the Paris, HHH, and Observation deposits at the Paris Gold Project in the West Australian Goldfields.   HIGHLIGHTS: ⁃ Paris Gold Deposit • 57.6% of gold is recovered through gravity concentration • 96.1% total gold recovery   ⁃ HHH Deposit • 68.8% of gold is recovered through gravity concentration • 96.5% total gold recovery   ⁃ Observation Deposit • 51.8% of gold is recovered through gravity concentration • 90.9% total gold recovery   ⁃ Low levels of cyanide-soluble copper species suggest no significant impact on gold recovery through conventional cyanide leaching. Torque's Managing Director, Cristian Moreno commented: “Exceedingly high gold recoveries achieved through conventional cyanide leaching and gravity concentration highlight the favourable, free-milling mineralogy at each of the prospects.   Combined gold recoveries are impressive, with Paris achieving an average of 96.1%, HHH reaching 96.5%, and Observation achieving 90.9%.   Importantly, low levels of cyanide-soluble copper species suggest no significant impact on gold recovery through conventional cyanide leaching.”   Read the full announcement below. #ASXNews #Gold #GoldNews #MetallurgicalTestwork #GoldRecoveries #Metallurgy #GoldExplorer #GoldProject #GoldMining

Golden Hour in the Goldfields ☀️ Working in the Goldfields region has many perks, one such being the incredible, vibrant sunsets that paint the sky in the evenings. Members of our Technical Team haven’t shied away from capturing the magic over the year, so we thought we’d share some standout shots. Turns out where we operate is as abundant above ground, as it is below. #Gold #GoldMining #GoldenHour #Goldfields #GoldfieldsRegion #Torque #TorqueMetals #GoldExploration

Gold has risen amid China’s Central Bank – the People’s Bank of China (PBOC) – adding bullion to its reserves for the first time since May, and further destabilisation of the Middle East; stemming from the downfall of the Syrian Government. Although gold prices have slightly eased since an all-time high in October, they still reflect a 28% growth from the start of the year, sitting at approx. US$2644 an ounce on 09 Dec. All in all, it has been an impressive year for gold, which makes Torque all the more motivated to grow and improve confidence in our own inventories. Read the full commentary from Bloomberg below. #Gold #GoldNews #Bloomberg #CentralBanks #GoldMarket #CommodityNews #Torque #TorqueMetals

Torque Metals possesses an encompassing Goldfields region footprint, with three projects jointly amassing 13 mining licences, 4 prospecting licences and 38 exploration licences. This 1,200sq km granted mining tenure lies in a proven gold jurisdiction, proximal to major operators and processing facilities; from companies including the likes of GOLD FIELDS and Westgold Resources Limited. As we approach the new year, our efforts will largely revolve around resource growth at our Paris Gold Project, with a recently minted MRE of 250,000 Oz @ 3.1 g/t Au. This will be achieved via a mix of upgrading existing resource classifications and exploring highly prospective growth targets that lie outside the current resource area. We will additionally seek to unveil further value at our Penzance and New Dawn projects, each respectively displaying early signs of gold potential in addition to previous lithium findings. Learn more via our latest presentation: https://lnkd.in/gEzVHiUC #TOR #TorqueMetals #Torque #Gold #GoldExploration #GoldCompany

TARGET GENERATION PRESENTATION: NOW AVAILABLE Torque Metals is pleased to share a 'target generation' presentation, demonstrating the expansion potential that exists outside of the Company’s first-pass Mineral Resource Estimate at its wholly owned Paris Gold Project. Excitingly, our scope for gold exploration is not limited to Paris, but equally exists at our adjacent Penzance and New Dawn Projects. With many factors in our favour – including a considerable 1200sq kms Goldfields region footprint, proximity to numerous major producers incl. Westgold/Gold Fields and identified future targets for drilling – Torque is on a clear path for growth. Our exploration strategy in the near term will see the Company undertake considered soil sampling, strike extension testing, interlinking structures and further drilling and metallurgical test work. Read more below. #TorqueMetals #TargetGeneration #GrowthPotential #MREGrowth #InvestorPresentation #GoldExploration #GoldExplorer #GoldCompany #Gold

ASX ANNOUNCEMENT: CHANGES TO REMUNERATION FRAMEWORK Torque Metals wishes to advise that the Board of Directors have reviewed the Company’s remuneration framework and - in the context of the present share price - resolved to implement the following measures to improve alignment with shareholders: - CANCELLATION OF DIRECTOR PERFORMANCE RIGHTS: Board elected to cancel all Performance Rights held by the Directors, which will come into effect from 30 November 2024. - REDUCTION IN NON-EXECUTIVE DIRECTOR SALARY Non-Executive Directors unanimously agreed to reduce their annual fees by $10,000 & $15,000 for Non-Executive Directors and the Non-Executive Chairman respectively, effective 1 December 2024. Non-Executive Directors decided to maintain the Managing Director's remuneration, based on market standards. This may be read as the Board’s endorsement of Mr Moreno’s performance and sustained commitment to the Company. Read the full announcement below. #Torque #TorqueMetals #Exploration #GoldExploration #GoldCompany #Gold #ASX #ASXNews #TOR

As we near the end of the 2024 calendar year, our Non-Executive Chair reflects on the transformational advances made by Torque Metals. In summary, $5.7m was invested in field activities encompassing: -  15,000m RC drilling, 2,000m diamond drilling at the Paris Gold Project; culminating in a Mineral Resource Estimate (MRE) of 250,000Oz @ 3.1 g/t Au. -  Complementary to drill and assay workflow, metallurgical testing of drill core from lodes within the MRE at Paris revealed gold recoveries >96%. -  Additionally, 4,000m RC drilling, 1,200m diamond drilling was completed at the New Dawn Lithium Project. Given the favourable characteristics of the Paris Project and current commodity pricing (gold and lithium), the Company has, and will continue to, prioritise the development of this already-impressive gold resource. Almost $1m was invested in project acquisition/capital works: -  Namely, the acquisition of additional gold and lithium tenements in Western Australia, adding to our already-significant footprint in the abundant Goldfields region. Read the full address below. #TorqueMetals #Gold #GoldResource #GoldExploration #GoldCompany #MineralResourceEstimate #Torque #TOR

Via Bloomberg: 'Gold Jumps as Goldman Reasserts US$3,000 Target for 2025.' Yesterday, the gold price rebounded as much as 2% during intraday trading (surpassing $2,600 an ounce), after experiencing a decline in the wake of US election results. This % trajectory is the greatest day rate of growth since August, with Goldman Sachs reiterating its prediction for prices to reach $3,000 an ounce next year and encouraging investors to 'go for gold'; particularly with current selloff presenting an 'attractive entry point to buy'. Torque Metals is growing and proving up its highly prospective gold resource at the Paris Gold Project, situated adjacent to a slew of Tier 1 operators in Kalgoorlie's abundant Gold Fields Region. Our team is operating with a clear strategy and possesses the technical expertise to deliver, having consistently achieved results akin (or surpassing) major players in the gold exploration space. Get the latest from Torque's exploration activity in the field: https://lnkd.in/gCmmU8N6 Read more on Goldman's commentary: https://lnkd.in/gTTD6mKw #Gold #GoldNews #GoldPrice #CommodityNews #Au #GoldExploration #GoldCompany #GoldProject #GoldmanSachs #Investing #InvestmentNews

PRICE IMPACTS TO GOLD A ‘NEAR TERM PHENOMENON’ - World Gold Council The World Gold Council (WGC) has released its latest Gold Market Commentary, citing pressures of higher opportunity cost and a Republican clean sweep as factors influencing gold’s taper this month, following a significant growth trend in the year to date. However, this decline — in WGC’s view — is ‘a near-term phenomenon’, likely to soon be outweighed by fundamental concerns of more acute protectionism (with conflicts showing no signs of relief), crypto not being a sufficient ‘replacement’ for gold and the unlikeliness of heavy selling from western investors. You can access the full commentary below. #Gold #GoldNews #GoldInsights #WorldGoldCouncil #GoldMarket #GoldMarketCommentary 

Further recognition of outstanding results announced from our #ParisGoldProject last week, this time featuring in MinerDeck’s weekly ‘GOLD DRILLING HIGHLIGHTS’ table - a collation of results from companies trading both in Australia and the UK. Pleasing to see Torque Metals ranking among some impressive players, with comparatively far greater market capitalisation. There is no better testament to the tenacity of our technical team and the prospectiveness our Paris Project possesses. As affirmed by Managing Director Cristian Moreno, our path forward is definitive and expected to yield results both short and long term: ‘expand mineralisation beyond current resource boundaries, upgrade Inferred resource blocks to Indicated and explore high-potential regional targets with strong gold-in-soil anomalies and historical drill intercepts’. Watch this space. #ParisGoldProject #ASXNews #ASX #Drilling #GoldCompany #Gold #TorqueMetals #Torque #MinerDeck #GoldExploration #GoldDiscovery