Torque Metals Reports 12m at 12.49 g/t Gold Extending Resource by 240m

• 6,500m drilling campaign initiated targeting DHEM-identified gold zones
• Notable intercept of 12m at 12.49 g/t gold including 5m at 27.93 g/t gold
• Mineralisation extended 240m west beyond existing resource estimate
• Merger with Aston Minerals completed, strengthening board and resources
• Quarter-end cash balance of $3.39 million supported by government grant

Drilling Campaign Advances at Paris Gold Project

Torque Metals Limited has made a decisive leap forward in its exploration efforts during the June 2025 quarter, commencing a 6,500-metre drilling program at the Paris Gold Project in Western Australia. This campaign is designed to test high-grade gold targets identified by recent Down-Hole Electromagnetic (DHEM) surveys, which revealed extensive sulphide conductors beyond the current mineral resource boundaries.

Early results from the drilling have been encouraging, with a standout intercept reported at 12 metres grading 12.49 grams per tonne (g/t) gold, including a remarkable 5 metres at 27.93 g/t gold. This intercept extends known mineralisation approximately 240 metres west of the existing Mineral Resource Estimate (MRE), underscoring the potential for resource growth at depth and along strike.

Strategic Merger Bolsters Corporate and Technical Strength

In a significant corporate development, Torque Metals completed its merger with Aston Minerals Limited, acquiring 100% ownership and issuing new shares to Aston security holders. This consolidation not only expands Torque’s asset base but also enhances its leadership with the appointments of Evan Cranston as Chairman and Tolga Kumova as a Non-Executive Director. These additions bring valuable strategic and commercial expertise as Torque advances its growth plans.

The merger aligns well with Torque’s technical ambitions, providing a stronger platform to accelerate exploration and development activities across its portfolio, including the Paris Gold Project and other assets within the Penzance Exploration Camp.

Financial Position and Exploration Incentives

Torque closed the quarter with a healthy cash balance of approximately $3.39 million, bolstered by a $144,500 Exploration Incentive Scheme (EIS) grant from the Western Australian Government. The company also raised nearly $930,000 through the exercise of options, providing additional funding to support ongoing drilling and evaluation work.

Exploration expenditure for the quarter was $690,000, reflecting active investment in advancing the Paris Gold Project’s potential. Notably, the drilling program benefits from a drill-for-equity agreement with Topdrill, which will settle half of eligible costs, enhancing capital efficiency.

Paris Gold Project, A Growing Regional Opportunity

The Paris Gold Project remains open in multiple directions, with a current Mineral Resource Estimate of 250,000 ounces at an average grade of 3.1 g/t gold. The recent drilling success validates the use of DHEM as a targeting tool, particularly in tracking sulphide-associated high-grade mineralisation. Torque’s Managing Director, Cristian Moreno, highlighted the potential to expand the resource significantly along the 57-kilometre prospective greenstone belt corridor, which remains largely underexplored.

Strategically located near established gold producers such as Westgold’s Beta Hunt and St Ives Goldfields, the Paris Project is well positioned to leverage regional infrastructure and expertise as it moves toward potential development.

Looking Ahead

With diamond drilling underway and systematic DHEM surveys integrated into every hole, Torque is methodically advancing its understanding of the gold system’s scale and continuity. The company’s strengthened balance sheet and leadership team provide a solid foundation for the next phase of exploration and resource expansion.

Bottom Line?

Torque Metals’ latest drilling success and merger completion set the stage for a pivotal growth phase at Paris Gold.

Questions in the middle?

• How will further drilling results impact the updated Mineral Resource Estimate at Paris?
• What operational synergies and cost efficiencies will emerge from the Aston Minerals merger?
• Can Torque sustain its exploration momentum with current funding and market conditions?