Torque Metals Ltd. · ASX:TOR
Torque Metals — Investor Presentation (June 2022)
29 slides from Torque Metals's investor presentation, Jun 28, 2022
Slide 1: A Vibrant Australian Gold Explorer
A VIBRANT AUSTRALIAN GOLD EXPLORER Investor Presentation June 2022 1
Slide 2: Disclaimer
DISCLAIMER IMPORTANT Before continuing please read the following This Presentation has been prepared by Torque Metals Limited (ACN 621 122 905) (“Torque or “the company”) Reporting of mineral resources and reserves: This Presentation includes mineral resource information prepared solely for informat
Slide 3: Torque Has Amassed a Toehold in Two Premier Gold Provinces
TORQUE HAS AMASSED A TOEHOLD IN TWO PREMIER GOLD PROVINCES Flagship Paris Gold Project • On the Boulder-Lefroy Fault host to over 70Moz gold production • Secured a JV to earn up to 80% in the adjacent tenements, adding a 14 km extension of the prospective stratigraphy • Contains 2 historic high-grad
Slide 4: Paris Gold Project
PARIS GOLD PROJECT
Slide 5: World-Class Gold Mining Province
WORLD-CLASS GOLD MINING PROVINCE Torque’s Flagship Paris Project sits along strike of 70Moz of Gold Production On the richly endowed Boulder-Lefroy Fault with over 70 million ounces of gold produced from many large deposits. 5
Slide 6: Paris Gold Project
PARIS GOLD PROJECT Torque’s Large Tenement Holding at Paris • Nine Mining Leases (100% Owned) • Two Prospecting Licenses (100% Owned) • Three Exploration Licenses (JV with Jindalee | Torque to earn-in up to 80%) Historical Production and Resource • 43koz Mined since 1989 @ 7.9g/t (recovered) • Curre
Slide 7: Paris Prospect
PARIS PROSPECT Extensive drilling completed since IPO in June 2021 with highlights including: • 6m @ 21.95g/t Au from 159m, 3m @ 14.01g/t Au from 171m within 27m @ 8.16g/t Au (22PRC038); • 6m @ 34.60g/t Au from 141m within 24m @ 10.7g/t Au from 141m (21PRC025); • 6m @ 15.2g/t Au from 123m within 9m
Slide 8: New Observation Prospect
NEW OBSERVATION PROSPECT High-grade Observation prospect in August 2021 • 9m @ 11.6 g/t Au from 66m (21ORC009); • 6m @ 8.45 g/t Au from 51m (21ORC036); and • 4m @ 15.86 g/t Au from 57m (21ORC031) All are shallow intercepts above 60m vertical depth New Observation mineralised zone ~300m strike length
Slide 9: New Caruso Prospect
NEW CARUSO PROSPECT New Caruso Prospect intersected extensive shallow gold intervals, including: • 15m @ 3.12 g/t Au from 15m (21HRC023); • 9m @ 3.47 g/t Au from 30m (21HRC018); and • 6m @ 1.37 g/t Au from 24m (21HRC016) Strong potential to connect the newly discovered Caruso system to unmined HHH m
Slide 10: Carreras-Pavarotti-Paris South Prospects
CARRERAS-PAVAROTTI-PARIS SOUTH PROSPECTS Anomalous Geochem Results Within Paris Gold Corridor • Highly anomalous auger geochemistry results (up to 249ppb), highlight a ~600m continuous NNW trending gold anomaly close to the “Paris South” prospect • Two additional gold anomalies identified in a previ
Slide 11: Paris, Paris South, Carreras map
Paris DHD425 2m@7.3g/t Au from 6m Paris South Carreras Pavarotti Higginsville 10km 5km 1.77M oz Treasure Island
Slide 12: Paris Gold Project
PARIS GOLD PROJECT Torque’s Large Tenement Holding at Paris • Nine Mining Leases (100% Owned) • Two Prospecting Licenses (100% Owned) • Three Exploration Licenses (JV with Jindalee | Torque to earn-in up to 80%) Historical Production and Resource • 43koz Mined since 1989 @ 7.9g/t (recovered) • Curre
Slide 13: New Strauss Prospect
NEW STRAUSS PROSPECT New discovery made in September 2021, Best results from Torque’s drilling include: • 6m @ 2/1 g/t AU from 96m • 3m @ 4.23g/t Au from 36m • 6m @ 2.3g/t Au from 39m Drilling has defined consistent gold mineralization over at least 150m of strike Open to the north, south and west a
Slide 14: Nickel Potential at the Paris Project
NICKEL POTENTIAL AT THE PARIS PROJECT
Slide 15: EM Anomalies at Paris – Melchior Prospect
EM ANOMALIES AT PARIS – MELCHIOR PROSPECT Airborne EM survey (AEM) highlights two strong conductors Cassini 1.53Mt@4%Ni-Tot. 2km west of Paris Prospect Strong EM Initial interpretation of the AEM survey data Anomalies at Paris demonstrates the anomalies are Line 300301-4 indicative of metal sulphide
Slide 16: EM Anomalies at Paris – Domingo Prospect
EM ANOMALIES AT PARIS – DOMINGO PROSPECT Historical Assays highlighting multiple Nickel grades • Follow up surveys planned, including high resolution geophysics to improve definition of these potential base metal targets; • Historical drilling, coincident with a strong magnetic anomaly “Domingo” ret
Slide 17: Next Steps for EM Anomalies
NEXT STEPS FOR EM ANOMALIES • Follow-up work planned EM anomalies, with high resolution geophysical testing Domingo-GEM imminent. Activities to include: Survey • Ground EM surveying at Domingo as well as the interpreted Melchior anomalies; • Geochemical and mineralogical analyses to determine the na
Slide 18: Intended Exploration Programme
INTENDED EXPLORATION PROGRAMME Follow-up work planned EM anomalies, with high resolution geophysical testing imminent. Drilling activities to include up to ~15000m Upcoming Drilling Drilling Type Holes Depth (m) Paris Project Area Paris Reverse Circulation 12 180 Observation Reverse Circulation 12 1
Slide 19: Exploration Timeline
EXPLORATION TIMELINE torque metals 2022 2023 A torque metals July | August |September| October November |December January February [iIMereni April May June Indicative Exploration Programme Paris Project Area Geophysics Paris Drilling Phase4 Diamond drilling Paris Drilling Phase5 a Paris Drilling Pha
Slide 20: Board & Management
BOARD & MANAGEMENT Ian Finch Cristian Moreno Patrick Burke Tony Lofthouse Neil McKay Executive Chairman Chief Executive Officer Non-Executive Director Non-Executive Director Company Secretary Exploration and mining geologist Appointed as CEO in April 2022 Extensive legal and corporate More than 43 y
Slide 21: Capital Structure
CAPITAL STRUCTURE Share Price (24 Jun) Market Cap (Undiluted) Enterprise Value (Undiluted) Cash1 Debt1 $0.20 $12.6m $8.6m $4.0m Nil Ordinary Shares on Issue: 77.8m | Options2: 38.5m Share Price Since IPO Board & Management $0.35 8000 7% Daily Volume ('000) Share price $0.30 7000 6000 $0.25 Austral P
Slide 22: Investment Highlights
INVESTMENT HIGHLIGHTS Located in High Simple Fast Tracked Under Explored Experienced Board grade gold fields Development Pathway Ground Positions & Management Early drilling has continued Potential to fast-track Torque’s ground positions A board with decades of to deliver high grade results to devel
Slide 23: Contact Information
CONTACT INFORMATION Cristian Moreno Ian Finch Chief Executive Officer Executive Chairman 0410 280 809 0414 270 248 cristian@torquemetals.com ian@torquemetals.com
Slide 24: Appendix
APPENDIX
Slide 25: Appendix - Bullfinch Project
APPENDIX 1 - BULLFINCH PROJECT Over 15Moz past production and Resources in the Southern Cross Goldfields • Western Australia’s first major goldfield • Over 570 km2 of contiguous title • Known for high grade gold occurrences • Over 200 prospector, high grade gold pits, shafts and mines • Recorded pro
Slide 26: Appendix - Bullfinch – Leading Prospects
APPENDIX 1 - BULLFINCH – LEADING PROSPECTS Withers: • >3 Kms of historical gold workings • Produced 1688ozs @ 35.7 g/t gold • Virtually No drilling Reynolds: • 4 shallow historic RC holes (65m Max) • 3 holes hit commercial grades up to 4m @ 14g/t gold • Open at depth and along strike Rutherfords: •
Slide 27: Appendix – Jindalee and SensOre Joint Ventures
APPENDIX 2 – JINDALEE AND SENSORE JOINT VENTURES Expanding Paris Gold project footprint Jindalee • JV formed with Jindalee Resources • Torque to earn up to 80% in three Paris adjacent tenements by spending $200,000 over 3 years • Increases exposure to the highly prospective stratigraphy at Paris Pro
Slide 28: Appendix – JORC 2012
APPENDIX 3 – JORC 2012 JORC 2012 Mineral Resource Statement – April 2020 The Mineral Resource Estimates were prepared by Darryl Mapleson (the Competent Person) a director of BMGS Global Mining Geology Consultants (BMGS) on 9th April 2020 to take into account the mining activities of the open pit and
Slide 29: Appendix - Paris Project Historical Mines
APPENDIX 4 - PARIS PROJECT HISTORICAL MINES Two mines (Paris and HHH) have produced 43,000oz at a grade of 7.9g/t gold since 1989 Paris Mine • Potential to extend resources below existing pit • Numerous historical drill hits > 8 g/t gold • Strike (+1km) extensions with drill hits > 8 g/t gold • Faul