Torque Metals Unveils Major Gold Resource Expansion and $15M Capital Boost

Strong Drilling Results Extend Paris Gold Camp

Torque Metals Limited has delivered a compelling update for the December 2025 quarter, highlighting robust exploration success at its Paris Gold Project in Western Australia. The company’s drilling program continues to push the boundaries of its existing mineral resource estimate (MRE), with high-grade gold intercepts confirming Paris as a large-scale, multi-lode system. Notably, recent results include 12 metres at 6.2 grams per tonne (g/t) gold from 505 metres depth, including 5 metres at 13 g/t, and 8 metres at 5 g/t gold from 408 metres, extending mineralisation well beyond the current 250,000-ounce resource.

These results are underpinned by the strategic use of downhole electromagnetic (DHEM) surveys, which have successfully identified conductive sulphide zones associated with gold mineralisation. This technology has enabled the company to define new mineralised corridors extending hundreds of metres beyond the existing resource footprint, with mineralisation remaining open along strike and at depth.

HHH Deposit Emerges as a Key Growth Area

The HHH Deposit, part of the Paris Gold Camp, has also delivered encouraging results. For the first time, Torque applied its DHEM methodology here, confirming multiple new conductor plates indicative of Paris-style sulphide-associated gold mineralisation. Drilling intersected 5 metres at an impressive 15.2 g/t gold from 149 metres, within a broader 16-metre zone averaging 5 g/t. This shallow, high-grade mineralisation remains open and suggests significant near-resource upside, reinforcing HHH as a shallow, multi-lode system with strong potential for resource expansion.

Robust Financial Position to Support Aggressive Growth

Complementing its technical progress, Torque Metals strengthened its balance sheet during the quarter through a $15 million bought deal placement, attracting strong support from both domestic and international institutional investors. The company ended the quarter with approximately $16 million in cash and holds in-the-money options expiring in May 2026 that could provide an additional $4.6 million in funding. This financial position places Torque in a strong position to execute an aggressive multi-rig drilling program aimed at rapidly expanding resources and advancing the Paris Gold Camp towards development.

Strategic Outlook and Regional Potential

Torque’s Managing Director, Cristian Moreno, emphasised the significance of the quarter’s results, noting the consistency and quality of drilling outcomes across the Paris and HHH deposits. The company’s integrated exploration strategy, combining drilling with DHEM surveys, is proving effective in vectoring into high-grade zones and expanding the understanding of this fertile gold system.

Located within a highly prospective greenstone belt near established operations such as Westgold’s Beta Hunt and St Ives Goldfields, the Paris Gold Project covers a 57-kilometre strike length that remains largely untested by modern exploration. With mineralisation open in multiple directions and a current resource base of 250,000 ounces at 3.1 g/t gold, Torque is well positioned to unlock further value from this emerging gold camp.

No Mining Production Yet, Focus Remains on Exploration

One should note that no mining production or development activities occurred during the quarter, as the company remains focused on exploration and resource growth. Exploration expenditure for the quarter was $2.4 million, primarily directed towards drilling, assaying, and tenement costs. Payments to related parties were disclosed as part of normal remuneration arrangements.