Paris Gold Project Growth Raises Questions on Development Timelines and Scale

Strong Intercept Confirms Paris as a Growing Gold System

Torque Metals has delivered a standout drilling result at its Paris Gold Project in Western Australia, intersecting 20 metres at 5.8 grams per tonne (g/t) gold from 222 metres downhole, including a high-grade 7-metre section at 13.5 g/t. This intercept, part of an extensional drilling campaign, reinforces Paris as a multi-lode gold system with significant along-strike and down-plunge continuity.

The Paris deposit now demonstrates down-plunge continuity of approximately 700 metres below the 2024 Mineral Resource Estimate (MRE), with stacked lodes up to 12 metres true thickness and lateral extents of 100 to 130 metres. Importantly, these lodes remain open to the south and southwest, indicating further exploration upside.

DHEM-Guided Drilling Unlocks Depth Potential

Torque’s use of downhole electromagnetic (DHEM) surveys has proven effective in targeting high-grade mineralisation at depth. A recent hole intersected 5 metres at 6.0 g/t gold from 432 metres downhole (approximately 343 metres vertical depth), with off-hole conductor plates suggesting extensions both down-plunge and along strike. These results validate the geophysical model and highlight the potential for expanding the resource envelope well beyond current limits.

New Mineralised Structure Adds Strategic Value

Beyond the main Paris deposit, drilling has identified a previously unrecognised mineralised structure to the south, intersecting shallow oxide and transitional gold mineralisation. Intercepts include 7 metres at 1.8 g/t gold from 41 metres and 5 metres at 1.2 g/t from 52 metres in separate holes. This shallow mineralisation near existing infrastructure could be strategically important for future open-pit mining and toll-treatment options.

Development-Ready Project with Multi-Rig Drilling Underway

With a current MRE of 250,000 ounces at 3.1 g/t gold, Paris is positioned as a development-ready asset. The project benefits from granted mining leases and proximity to established processing infrastructure, supporting faster permitting and evaluation of both open-pit and underground mining scenarios. Torque is advancing multiple technical studies including mine design, geotechnical, hydrological, and metallurgical work alongside an aggressive multi-rig drilling program scheduled throughout 2026.

Managing Director Cristian Moreno emphasised the scalable nature of Paris, noting the shift from viewing it as a narrow shoot to a robust, multi-lode system. The combination of high-grade intercepts, structural continuity, and new mineralised zones underscores the project’s potential to grow ounces per vertical metre and enhance its economic viability.

Exploration Upside Across a 2.5km Strike Corridor

Paris sits within a highly prospective greenstone belt covering a 2.5-kilometre strike length, part of a broader 57-kilometre mineralised corridor that remains largely untested by modern exploration. Torque’s integrated exploration strategy, combining drilling and geophysical surveys, aims to systematically expand the resource base and unlock new targets. The project’s location near established goldfields such as Westgold’s Beta Hunt and St Ives further enhances its strategic appeal.