Torque Metals Ltd. · ASX:TOR
Torque Metals — Investor Presentation (May 2024)
28 slides from Torque Metals's investor presentation, May 23, 2024
Slide 1: Development-Ready Gold and Lithium in WA Goldfields
ASX:TOR torquemetals.com For personal use only Development-Ready Gold and Lithium in WA Goldfields Corporate Presentation - May 2024
Slide 2: Disclaimer
Disclaimer For personal use only IMPORTANT Before continuing, please read the following This Presentation has been prepared by Torque Metals Limited (ACN 621 122 905) (“Torque or “the Company”) solely for information purposes. This Presentation, including the information contained in this disclaimer
Slide 3: Strong Fundamentals and Experienced Team
Strong Fundamentals and Experienced Team TOR SHAREHOLDERS CAPITAL STRUCTURE MGMT 6% For personal use only Institutions 8% $0.21 $34.6m $38.5m $3.9m High Net Nil Worth Investors Share Price Enterprise Value Market Cap Cash Debt 19% (21 May 24) (31 March 24) Retail Other Investors 4% Ordinary Shares o
Slide 4: Strong Technical Team
Strong Technical Team Technical Expertise For personal use only • Each team member possesses strong technical skills relevant to their role. • They stay updated with the latest advancements in their field. Leadership and Mentorship • Strong leadership skills within the team, including the ability to
Slide 5: Prime Assets in WA Lithium-Gold-Nickel Belt
Prime Assets in WA Lithium-Gold-Nickel Belt For personal use only New Dawn Lithium Project • 600m to the west and abutting the operating Bald Hill Mine (MRE: 26.5Mt @ 1.00% Li2O) Paris Gold Project • Adjacent to Gold Fields Ltd (JSE:GFI) St Ives Gold tenements Penzance Nickel Project • World-class K
Slide 6: Prime Location in Premier Mineral Fields of Western Australia
Prime Location in Premier Mineral Fields of Western Australia Significant landholding For personal use only ~1200km2 of tenure in WA Goldfields Development-Ready 13 4 38 Mining Prospecting Exploration Licences Licences Licences Proximate to Infrastructure Processing Plants at Bald Hill, Higginsville
Slide 7: Project Paris Gold
For personal use only Project Paris Gold
Slide 8: Exceptional metallurgical testwork results for conventional cyanide leaching
Paris Gold Project For personal use only Exceptional metallurgical testwork results for conventional cyanide leaching. Gravity concentration 40% of gold recovered • Paris Prospect composite gold recovery of 96.79% • Observation Prospect composite gold recovery of 99.7% Vindicates Paris as a first-cl
Slide 9: 2.5km Open Gold Zone at Paris
2.5km Open Gold Zone at Paris • Over 10,000m of DD and RC drilling For personal use only completed • Bonanza gold interval of 35m @ 14.12 g/t gold from 157.85m including 1.2m @ 185 g/t gold from 174.7m • Strong grades lateral and on strike of historic pits illustrate potential of the underexplored a
Slide 10: Great Results at 23PRCDD076
Great Results at For personal use only Paris Gold Project 23PRCDD076 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 Refer to ASX announcement 4 April 2024. Paris Gold Project Drill Campaign Commences TOR • torq
Slide 11: Great Results at 23PRCDD077
Great Results at For personal use only Paris Gold Project 23PRCDD077 14.76m @ 7.6 g/t Au from 168.13m including 1.04m @ 83.59 g/t Au from 181.34m Refer to ASX announcement 4 April 2024. Paris Gold Project Drill Campaign Commences TOR • torquemetals.com 11
Slide 12: Great Results at 23PRCDD053
Great Results at For personal use only Paris Gold Project 23PRCDD053 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 Refer to ASX announcement 4 April 2024. Paris Gold Project Drill Campaign Commences TOR • torquemetals.com 12
Slide 13: Great Results at 23PRCDD038
Great Results at For personal use only Paris Gold Project 23PRCDD038 27m @ 8.16 g/t Au from 156m including 6m @ 22.0 g/t Au from 159m Refer to ASX announcement 4 April 2024. Paris Gold Project Drill Campaign Commences TOR • torquemetals.com 13
Slide 14: Great Results at 23PRCDD025
Great Results at For personal use only Paris Gold Project 23PRCDD025 24m @ 10.7 g/t Au from 141m including 6m @ 34.6 g/t Au from 141m Refer to ASX announcement 4 April 2024. Paris Gold Project Drill Campaign Commences TOR • torquemetals.com 14
Slide 15: Great Results at 23PRCDD040
Great Results at For personal use only Paris Gold Project 23PRCDD040 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 Refer to ASX announcement 4 April 2024. Paris Gold Project Drill Campaign Commences TOR • torquemetals.com 15
Slide 16: Great Results at 23PRCDD056
Great Results at Paris Gold Project For personal use only 23PRCDD056 41m @ 5.93 g/t Au from 188m 3m @ 59.35 g/t Au from 204m 2m @ 25.54 g/t Au from 189m Refer to ASX announcement 4 April 2024. Paris Gold Project Drill Campaign Commences TOR • torquemetals.com 16
Slide 17: Paris Gold project highlights
Paris Gold Project For personal use only Extensive and prospective Strategic Location Metallurgical Testwork land area In heart of the WA Goldfields, Exceptional gold Hosting extensive well-placed to facilitate recovery results >95% prospective tenement pathway to production holdings TOR • torquemet
Slide 18: New Dawn Lithium Project
For personal use only New Dawn Lithium Project
Slide 19: Adjacent to Existing Lithium Mining Operation
Adjacent to Existing Lithium Mining Operation For personal use only • Bald Hill Mine capable of producing concentrate of high lithium (+6% Li₂O), low iron (<0.5% Fe) and low mica (<0.5%) and significant tantalum by-product. • Bald Hill total lithium MRE of 26.5Mt at 1.0% Li₂O, 149ppm Ta₂O₅ • Additio
Slide 20: Maiden Exploration Target
Maiden Exploration Target 8–14 Mt @ 1.0–1.2% Li2O For personal use only • Highlights potential for continued lithium mineralisation along New Dawn trend • Guides Torque towards an initial Mineral Resource Estimate • Encompasses only 40% of two development-ready mining licences, with obvious scope fo
Slide 21: High-Grades Returned from Drilling at New Dawn
High-Grades Returned from Drilling at New Dawn 19 RC and 2 DD intersected high- grade lithium lodes, with peak For personal use only grade of 4.42% Li₂O 35m (cumulative) lithium mineralised pegmatites intersected in one hole Significant intercepts included: • 10m @ 1.51% Li2O, including 1m @ 3.99% L
Slide 22: Assays Confirm High-Grade Lithium Spodumene
Assays Confirm High-Grade Lithium Spodumene For personal use only Refer to ASX announcement 7 December 2023. Assays Confirm High Grade Lithium at New Dawn TOR • torquemetals.com 22
Slide 23: Assays Confirm High-Grade Lithium Spodumene
Assays Confirm High-Grade Lithium Spodumene For personal use only Refer to ASX announcement 7 December 2023. Assays Confirm High Grade Lithium at New Dawn TOR • torquemetals.com 23
Slide 24: Assays Confirm High-Grade Lithium Spodumene
Assays Confirm High-Grade Lithium Spodumene For personal use only Refer to ASX announcement 7 December 2023. Assays Confirm High Grade Lithium at New Dawn TOR • torquemetals.com 24
Slide 25: New Dawn Lithium Project
New Dawn Lithium Project For personal use only Development-Ready Nearby Infrastructure Strong geological similarities Occupies two pre-Native Title, Abuts operating Bald Hill with Bald Hill Deposit granted mining licences & Lithium Mine with spodumene-rich pegmatites 9 exploration licences prominent
Slide 26: Upcoming News
Upcoming News For personal use only • About 10,000m RC and DD assay results • Maiden MRE Paris Gold Project • Exploration Target Paris Gold Project • Paris Gold Project new drill campaign • Continue to advance strategic New Dawn Lithium Project with potential resource drilling, maiden MRE and strate
Slide 27: Invest in a dynamic, well funded explorer
Invest in a dynamic, well funded For personal use only explorer Capital Structure Located in WA’s Dominant Regional Exploration Efficiency and Experienced Board Premier Mineral Fields Position, Penzance Camp and Innovation Decades of experience in 12 Pre-Native Title development Exploring tested Lit
Slide 28: Contact Us
ASX:TOR torquemetals.com For personal use only Contact Us A Suite 8, 16 Nicholson Road, Subiaco, WA 6008 E admin@torquemetals.com M +61 (0) 410 280 809