Torque Metals Ltd. · ASX:TOR
Torque Metals — Investor Presentation (July 2023)
30 slides from Torque Metals's investor presentation, Jul 13, 2023
Slide 1: A New Era of Exploration
For personal use only A NEW ERA OF EXPLORATION Melbourne Road Show July 2023
Slide 2: Disclaimer
DISCLAIMER IMPORTANT For personal use only Before continuing, please read the following This Presentation has been prepared by Torque Metals Limited (ACN 621 122 905) (“Torque or “the Reporting of mineral resources and reserves: This Presentation includes mineral resource information Company”) solel
Slide 3: One of the best junior gold exploration companies in WA
One of the best junior gold exploration companies in WA For personal use only Capital Structure & Located in High Consistent Exploration Efficiency Experienced Board Grade WA Goldfields Gold Grade & Innovation Decades of experience in 9 Post Native Title Mining High grade results continue, with Effi
Slide 4: Corporate Snapshot
CORPORATE SNAPSHOT Share Price (12 July 23) Market Cap (Undiluted) Board of Directors $0.165 $15.9m For personal use only Cristian Moreno Patrick Burke Managing Non-Executive Enterprise Value (Undiluted) Cash1 Debt1 Director Chairman $13.4m $2.1m Nil Andrew Woskett Tony Lofthouse Non-Executive Non-E
Slide 5: One of the best junior gold exploration companies in WA
One of the best junior gold exploration companies in WA For personal use only Capital Structure & Located in High Consistent Exploration Efficiency Experienced Board Grade WA Goldfields Gold Grade & Innovation Decades of experience in 9 Post Native Title Mining High grade results continue, with Effi
Slide 6: Torque has a prime location in the premier goldfields of Western Australia
TORQUE HAS A PRIME LOCATION IN THE PREMIER GOLDFIELDS OF WESTERN AUSTRALIA For personal use only Flagship Paris Gold Project • On the Boulder-Lefroy Fault host to over 70Moz gold production • Contains 2 historic high-grade mines: Paris and HHH, where 43koz mined since 1989 at 7.9g/t Au (recovered) •
Slide 7: World-class gold mining province
For personal use only 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 7
Slide 8: Paris Gold Project
PARIS GOLD PROJECT Granted Mining Leases For personal use only Enable Accelerated Timeline to Production • Large area of ~300km2 in the Western Australian Gold Fields • Along strike to the south of highly successful St Ives Gold Mine • Close to infrastructure including ready access to Higginsville a
Slide 9: One of the best junior gold exploration companies in WA
One of the best junior gold exploration companies in WA For personal use only Capital Structure & Located in High Consistent Exploration Efficiency Experienced Board Grade WA Goldfields Gold Grade & Innovation Decades of experience in 9 Post Native Title Mining High grade results continue, with Effi
Slide 10: Great Results
Great Results For personal use only 35m @ 14.12 g/t Au from 157.85m including 1.2m @ 185 g/t Au from 174.7m 4.44m @ 20.82 g/t Au from 170.3m 2.49m @ 40.6 g/t Au from 167.8m (23PRCDD076) Refer to ASX Announcement dated 21 April 2023 – Drilling identifies multiple mineralised zones at Paris Gold Prosp
Slide 11: Great Results
Great Results For personal use only 14.76m @ 7.6 g/t Au from 168.13m including 1.04m @ 83.59 g/t Au from 181.34m (23PRCDD077) Refer to ASX Announcement dated 21 April 2023 – Drilling identifies multiple mineralised zones at Paris Gold Prospect 11
Slide 12: Great Results
Great Results For personal use only 39m @ 6.05 g/t Au from 175m including 9m @ 10.66 g/t Au from 178m 3m @ 29.4 g/t Au from 202m (22PRC053) Refer to ASX Announcement dated 21 April 2023 – Drilling identifies multiple mineralised zones at Paris Gold Prospect 12
Slide 13: Great Results
Great Results For personal use only 27m @ 10.7 g/t Au from 177m including 6m @ 32.45 g/t Au from 183m; 12m @ 19.7 g/t Au from 177m (22PRC040) Refer to ASX Announcement dated 21 April 2023 – Drilling identifies multiple mineralised zones at Paris Gold Prospect 13
Slide 14: Great Results
Great Results For personal use only 27m @ 8.16 g/t Au from 156m including 6m @ 22.0 g/t Au from 159m (22PRC038) Refer to ASX Announcement dated 21 April 2023 – Drilling identifies multiple mineralised zones at Paris Gold Prospect 14
Slide 15: Great Results
Great Results For personal use only 17m @ 3.94 g/t Au from 110m (21PRC044) Refer to ASX Announcement dated 21 April 2023 – Drilling identifies multiple mineralised zones at Paris Gold Prospect 15
Slide 16: Great Results
Great Results For personal use only 24m @ 10.7 g/t Au from 141m including 6m @ 34.6 g/t Au from 141m (21PRC025) Refer to ASX Announcement dated 21 April 2023 – Drilling identifies multiple mineralised zones at Paris Gold Prospect 16
Slide 17: Great Results
Great Results For personal use only 10m @ 6.13 g/t Au from 123m including 2m @ 26.18 g/t Au from 129m (21PRC059) Refer to ASX Announcement dated 21 April 2023 – Drilling identifies multiple mineralised zones at Paris Gold Prospect 17
Slide 18: Great Results
Great Results For personal use only 41m @ 5.93 g/t Au from 188m including 3m @ 59.35 g/t Au from 204m; 2m @ 25.54 g/t Au from 189m; (21PRC056) Refer to ASX Announcement dated 21 April 2023 – Drilling identifies multiple mineralised zones at Paris Gold Prospect 18
Slide 19: Paris Gold Camp
For personal use only Paris Gold Camp 19
Slide 20: 2.5km Paris Gold Camp
2.5KM PARIS GOLD CAMP 2,500m between Paris, HHH, and Observation prospects For personal use only • New structures either side of the historic pit with grade open east, west and below the pit • High grade zone remains open to the Northwest, Southeast and at depth • ~1000m identified structure could b
Slide 21: 2.5km Paris Gold Camp – Paris Prospect Diamond Drilling
For personal use only 2.5KM PARIS GOLD CAMP – PARIS PROSPECT DIAMOND DRILLING Refer to ASX Announcement dated 21 April 2023 – Drilling identifies multiple mineralised zones at Paris Gold Prospect; and ASX Announcement 5 July 2023 – Paris Delivers 185g/t bonanza gold interval 21
Slide 22: 2.5km Paris Gold Camp – HHH/Caruso Prospect
For personal use only 2.5KM PARIS GOLD CAMP – HHH/CARUSO PROSPECT Outstanding assay results confirm mineralisation around HHH and between the historic pits Refer to ASX announcement dated 27 Jan 2022 – New Gold discovery at Paris project and ASX announcement dated 2 February 2023 “FURTHER HIGH-GRADE
Slide 23: 2.5km Paris Gold Camp – Observation Prospect
2.5KM PARIS GOLD CAMP – OBSERVATION PROSPECT Observation results extends the Paris gold camp by a further 900m to the North – beyond the HHH pit For personal use only Shallow intercepts above ~120m vertical depth • 9m @ 11.6 g/t Au from 66m (21ORC009); • 6m @ 8.45 g/t Au from 51m (21ORC036); and • 4
Slide 24: 2.5km Paris Gold Camp
For personal use only 2.5KM PARIS GOLD CAMP Refer to ASX announcement dated 2 Feb 2023 – Further high-grade gold intersections at Paris 24
Slide 25: Strauss Prospect
STRAUSS PROSPECT Located on the Western For personal use only Boulder-Lefroy fault in the Kambalda Nickel District Highly prospective for Nickel and Gold 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
Slide 26: One of the best junior gold exploration companies in WA
One of the best junior gold exploration companies in WA For personal use only Capital Structure & Located in High Consistent Exploration Efficiency Experienced Board Grade WA Goldfields Gold Grade & Innovation Decades of experience in 9 Post Native Title Mining High grade results continue, with Effi
Slide 27: Exploration Expenditure
Exploration Expenditure For personal use only June 2022 @ 77% September 2022 @ 76% December 2022 @ 84% March 2023 @ 75% As % of quarterly expenditure, typically $600k per quarter Refer to ASX announcement dated 26 April 2023, 30 January 2023, 28 October 2022, 29 July 2022 27
Slide 28: In-House Activities
In-House Activities For personal use only Database management system Geophysical inversions Petrographical characterisation Tenement management Machine learning/In-house software Geological model 28
Slide 29: Coming News
Coming News For personal use only Assay results for 52 RC holes Assay results for 4 diamond holes Diamond extension drilling campaign at Paris Metallurgical characterisation 29
Slide 30: Contact Information
For personal use only CONTACT INFORMATION Cristian Moreno Managing Director 0410 280 809 cristian@torquemetals.com