Torque Metals (TOR) Mining Forum Americas 2026 summary

Strategic Focus and Growth Plans

• Emphasis on high-grade gold discovery and aggressive resource growth in South Kalgoorlie, with a current resource of 351,000 ounces at 3.1 g/t and a landholding exceeding 1,000 sq km.

• Systematic drilling and exploration target 1 million ounces above 2 g/t within the next few years, with over 70,000 m of drilling planned in the next 12 months across a 57 km prospective corridor.

• Team includes experienced explorers, such as former Spartan Resources members, aiming for rapid resource expansion, particularly through the RPM project.

• Ongoing review of tenement landholdings and lithium prospectivity, with potential rationalisation to focus on core gold assets.

• Updated mineral resource estimates are scheduled every six months, with major updates planned through 2028, including the next in the first quarter of next year.

Exploration Results and Technical Approach

• Recent drilling at Paris, Triple H, and Observation prospects has yielded high-grade, thick intersections, such as 35 m at 14 g/t, 11 m at 456 g/t, and 10 m at 46.6 g/t.

• Structural geology, repeat structures, and offsets are central to exploration, with DHEM and aeromagnetic surveys (including drone-based) guiding targeting.

• Two drill rigs (diamond and RC) are active, with 70,000 m of drilling planned over 12 months and 20,000–25,000 m expected in the next MRE.

• Exploration is expanding into underexplored corridors such as Strauss and Maynards, leveraging historical data and modern techniques to identify new mineralized zones.

• The Boulder-Lefroy Fault and its splays are key structural features, with multiple prospects aligned along these corridors.

Corporate Development and Financial Overview

• Recent merger with Aston Minerals brought the Edleston Gold Project in Canada (1.5 Moz @ 1.0 g/t Au), but operational focus remains on Kalgoorlie.

• Market capitalisation of $122M as of September 2026, with $13.6M cash on hand at June 2026 and 624.9M shares on issue.

• Board and management team have a proven track record in gold exploration and development, supported by institutional and broker coverage.

• Management prioritizes rapid, iterative exploration and early discoveries before considering mining or third-party mill negotiations.

• Regular news flow is expected as drilling progresses, with updates on resource growth and new discoveries.