Torque Metals (TOR) Q4 2026 TU earnings summary

Executive summary

• Launched Project RPM, a growth strategy targeting a 1.0Moz high-grade gold resource at South Kalgoorlie Gold Camp, following a refreshed leadership team and upgraded Mineral Resource Estimate (MRE) at the Paris Gold Project.

• Paris Gold Project MRE increased 40% to 351koz Au, with the Paris Deposit MRE up 67% to 253koz Au, reflecting successful in-fill drilling and improved geological understanding.

• Aggressive exploration and drilling programs are underway at Paris, Catacombs, and Strauss prospects, aiming to expand resources and discover new deposits.

Financial highlights

• Cash balance at 30 June 2026 was $13.6 million.

• Net cash outflow from operating and investing activities for the quarter was $4.9 million, with over 86% spent on exploration and evaluation ($4.2 million).

• Cash inflows from financing activities totaled $6.2 million, mainly from share issues and option exercises.

Outlook and guidance

• Plans for the September 2026 quarter include continued resource growth drilling at Paris, further DHEM surveys, and advancing regional drilling at Catacombs and Strauss.

• The company aims to build momentum toward defining a one-million-ounce gold camp.