Torque Metals has significantly expanded its Paris Gold Project resource, reporting a 67% jump in contained gold ounces to 253,000 oz at a robust 3.8 g/t grade, underpinning an aggressive growth strategy targeting a million-ounce resource within two years.
- 67% increase in Paris Deposit gold ounces to 253,000 oz
- Global Paris Gold Project resource now 351,000 oz at 3.1 g/t
- New management drives Rapid Path to a Million ounce strategy
- Advanced DHEM surveys guide ongoing high-impact drilling
- Metallurgical tests confirm high gold recoveries and processing ease
Paris Deposit Resource Surges on Intensive Drilling
Torque Metals Limited (ASX:TOR) has unveiled a substantial upgrade to its Paris Gold Project resource in Western Australia, with contained gold ounces at the Paris Deposit soaring 67% to 253,000 ounces at a strong grade of 3.8 g/t. This latest June 2026 Mineral Resource Estimate (MRE) update lifts the global resource across Paris, HHH, and Observation deposits to 351,000 ounces at 3.1 g/t, setting a firmer foundation for the company's growth ambitions.
The upgrade stems from an intensive drilling campaign, including over 19 kilometres drilled in 2026 alone, focused on infill and resource conversion drilling. The Paris Deposit now accounts for nearly 72% of the total resource, concentrated within a compact 2.5 square kilometre area along a 2.5-kilometre strike length. Both open pit and underground resources saw significant growth, with the Indicated category at Paris tripling to 114,000 ounces and underground Inferred ounces more than doubling to 92,000 ounces.
Aggressive Growth Strategy Targets Million-Ounce Milestone
Under new leadership, Torque is pursuing a bold "Rapid Path to a Million" (RPM) ounces of gold resource within two years, aiming to expand beyond the current 351,000-ounce base. This aspirational target is backed by an expanded exploration program that allocates 40% of planned drilling metres to growing existing deposits and 60% to discovery drilling across the 57-kilometre prospective greenstone belt.
Key to this approach is the application of down-hole electromagnetic (DHEM) surveys, which have proven effective in pinpointing sulphide-rich gold-bearing structures. These surveys, combined with geological modelling and structural interpretation, are guiding a systematic drilling campaign targeting both resource extensions at Paris, HHH, and Observation, and new high-priority prospects such as PL3, Strauss East, and Catacombs.
Favourable Metallurgical and Economic Parameters Support Development
Metallurgical test work completed in 2023 and 2024 confirms excellent gold recoveries of approximately 96% to 99% via gravity and cyanide leach processing, with a significant coarse gold component aiding recovery. These results support the economic assumptions underpinning the resource reporting, which uses a gold price of A$5,150 per ounce.
The project benefits from granted mining leases and a well-understood mining history, including previous open pit and underground operations. No material environmental, heritage, or permitting impediments have been identified at this stage, though further technical and permitting studies are planned.
Paris Project Positioned in Tier-1 South Kalgoorlie District
Located approximately 90 kilometres southeast of Kalgoorlie, the Paris Gold Project sits within a prolific gold district renowned for world-class deposits. The project’s 350 square kilometre tenure package covers a greenstone belt dominated by the Boulder-Lefroy Fault system, a major crustal structure controlling gold mineralisation. With a current resource concentrated in just a fraction of the strike length, Torque sees substantial upside potential to unlock further ounces through exploration and resource growth.
Recent drilling has intersected thick, high-grade zones, including intervals exceeding 30 metres at grades above 10 g/t, reinforcing the multi-lode nature of the system and the continuity of mineralised shoots. These characteristics, combined with the project’s infrastructure access and proximity to third-party mills, provide a low-capex pathway to development.
Next Steps in Exploration and Resource Expansion
Torque’s immediate focus is on converting inferred resources to indicated through infill drilling and extending mineralisation both along strike and at depth. The company is also reviewing its extensive landholdings for additional discovery opportunities, with early-stage targets identified along the Paris corridor and regional structural corridors such as Strauss and Maynards Dam.
With over 70,000 metres of drilling planned over the next 12 months, the market can expect continuous news flow on exploration progress and resource updates. The company is also evaluating its portfolio for potential rationalisation and monetisation of non-core assets to sharpen its focus on the Paris Gold Project and accelerate its RPM strategy.
Bottom Line?
Torque’s resource upgrade and aggressive drilling plans position Paris as a compelling growth story, though delivery hinges on exploration success and ongoing technical validation.
Questions in the middle?
- Can Torque sustain the high drilling intensity needed to reach 1 million ounces within two years?
- Will ongoing DHEM surveys continue to identify economically viable extensions beyond current deposits?
- How will evolving metallurgical and economic studies influence the project's development pathway?