Slide 1: Penzance Exploration Camp - A New Dawn
Penzance Exploration Camp - A New Dawn – 12 September 2023
Slide 2: Disclaimer
DISCLAIMER ASX: TOR IMPORTANT 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”) solely for informa
Slide 3: Material Terms of the Agreement
OPTION AGREEMENT DETAILS ASX: TOR Material Terms of the Agreement • Exclusive, binding Option Agreement for the purchase of 14 tenements in the Western Australian Goldfields covering 200km2 (1) • $150,000 cash paid for an exclusive option until 31st January 2024 • Acquisition consideration upon comp
Slide 4: Penzance Exploration Camp: WA's Premier Lithium-Gold-Nickel Belt
PENZANCE EXPLORATION CAMP ASX: TOR WA’S PREMIER LITHIUM – GOLD – NICKEL BELT New Dawn Lithium Project • 600m west of and abutting the operating Bald Hill Mine (26.5Mt @ 1% Li₂O MRE)¹ • New Dawn is a Lithium-Tantalum-Tin Project with a historic Tantalum resource • High-grade, outcropping, spodumene b
Slide 5: Granted Mining Tenements Facilitate Pathway to Production
PENZANCE EXPLORATION CAMP ASX: TOR Granted Mining Tenements Facilitate Pathway to Production • Large area of ~500km2 in the heart of Western Australia’s premier mineral fields • Along strike south of Tier 1 St Ives Gold Mine • Close to infrastructure including convenient access to Bald Hill, Higgins
Slide 6: New Dawn Lithium Project
torquemetals NEW DAWN LITHIUM PROJECT
Slide 7: New Dawn Mining Licences Abut Lithium Spodumene Mining Operations
NEW DAWN LITHIUM PROJECT ASX: TOR New Dawn Mining Licences Abut Lithium Spodumene New Dawn Lithium Mining Operations Project • Bald Hill mine capable of producing a high lithium (+6% Li₂O), low iron (<0.5% Fe) and low mica (<0.5%) concentrate and significant tantalum by- product¹. • Bald Hill total
Slide 8: Historic Drilling Defined Pegmatite Bodies
NEW DAWN LITHIUM PROJECT ASX: TOR Historic Drilling Defined Pegmatite Bodies • Torque’s early investigations across the New Dawn mining licences mapped multiple outcropping pegmatites¹ • Pegmatites up to several hundred metres in length form linear swarms orientated parallel to the regional foliatio
Slide 9: Lithium Project occupies two pre-Native Title, granted mining licences
NEW DAWN LITHIUM PROJECT ASX: TOR Lithium Project occupies two pre-Native Title, granted mining licences • New Dawn Project is an exciting new Lithium exploration asset, sited 600m west of Bald Hill high-grade Li - Ta mine. • Exhibits strong geological similarities with the Bald New Dawn Lithium Hil
Slide 10: Early investigations confirm multiple spodumene pegmatite rock samples
NEW DAWN LITHIUM PROJECT ASX: TOR Early investigations at New Dawn confirm multiple spodumene pegmatite rock samples grading up to 6% Li2O1 • The New Dawn Project showcases robust geological resemblances to the adjacent Bald Hill lithium mine, characterised by the abundant presence of spodumene-rich
Slide 11: Managing Director Samples Massive Spodumene Pegmatites
NEW DAWN LITHIUM PROJECT ASX: TOR Managing Director Cristian Moreno Samples Massive Spodumene Pegmatites Multiple rock chips assay up to 6% Li₂O¹ 11 ¹ Refer to ASX announcement 5 September 2023. Option to Acquire Known Lithium and Gold Exposure in WA
Slide 12: New Dawn Lithium Project
NEW DAWN LITHIUM PROJECT ASX: TOR 12 Ownership of photographs taken during various site visits to the New Dawn Project by Torque Metals.
Slide 13: Penzance Nickel Project
torquemetals PENZANCE NICKEL PROJECT
Slide 14: Exploration Licenses Adjacent to Nickel Sulphide Mining Operations
PENZANCE NICKEL PROJECT ASX: TOR Exploration Licenses Adjacent to Nickel Sulphide Mining Operations • World-class Kambalda Nickel province • Over 1.6Mt Ni produced since 1966 • Neighbours include Lunnon Metals, Black Mountain/Tembo Capital, Karora Resources, Wyloo Metals Refer to ASX announcement 5
Slide 15: Paris Gold Project
torquemetals PARIS GOLD PROJECT
Slide 16: Paris gold project sits along strike of 70Moz of Gold Production
PARIS GOLD PROJECT ASX: TOR Torque’s Paris gold project sits along strike of 70Moz of Gold Production The acquisition consolidates extensive prospective tenement holdings conjunctive to the Paris Project Refer to ASX announcement 5 September 2023. Option to Acquire Known Lithium and Gold Exposure in
Slide 17: 2.5km open gold zone spanning Paris, HHH, Eva and Observation
PARIS GOLD PROJECT ASX: TOR 2.5km open gold zone spanning Paris, HHH, Eva and Observation prospects • Paris Gold Project high grade zone is open to the Northwest, Southeast and at depth • Additional potential mineralised structures to be tested in the next drilling campaign • With its strategic loca
Slide 18: Paris Gold Project - Paris Prospect
PARIS GOLD PROJECT – PARIS PROSPECT ASX: TOR 18 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
Slide 19: Paris Gold Project - HHH Prospect
PARIS GOLD PROJECT – HHH PROSPECT ASX: TOR Outstanding assay results confirm mineralisation around HHH and between the historic pits Refer to ASX announcements dated 2 Feb 2023 – Further high-grade gold intersections at Paris; and 28 August 2023 – Strong Gold Intersections at Paris Gold Camp 19
Slide 20: Paris Gold Project - Eva Prospect
PARIS GOLD PROJECT – EVA PROSPECT ASX: TOR Outstanding assay results confirm mineralisation around HHH and between the historic pits 20 Refer to ASX announcements dated 2 Feb 2023 – Further high-grade gold intersections at Paris; and 28 August 2023 – Strong Gold Intersections at Paris Gold Camp
Slide 21: Paris Gold Project - Observation Prospect
PARIS GOLD PROJECT – OBSERVATION PROSPECT ASX: TOR Observation results extends the Paris gold camp by a further 900m to the North – beyond the HHH pit 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 • 4m @ 15.86 g/t Au
Slide 22: Capital Structure - Post Placement (pre-Acquisition)
CAPITAL STRUCTURE – POST PLACEMENT (pre-Acquisition) ASX: TOR Share Price 3 Market Cap (Undiluted) 3 Board of Directors $0.30 $39.11m Cristian Moreno Patrick Burke Managing Non-Executive Enterprise Value (Undiluted) Cash1 Debt1 Director Chairman $34.55m $4.56m Nil Andrew Woskett Tony Lofthouse Non-E
Slide 23: Coming News
Coming News ASX: TOR New Dawn Lithium Project: • Rock chip samples – multiple Li assays pending • Diamond drill (DD) rig to mobilise (PoW approved), ~2000m DD, 20 holes • Drilling to commence late September 2023 targeting outcropping pegmatites Paris Gold Project • Metallurgical characterisation tes
Slide 24: Contact Information
CONTACT INFORMATION Cristian Moreno Managing Director 0410 280 809 cristian@torquemetals.com
Slide 25: Appendix 1 - Option Agreement Details
Appendix 1 – Option Agreement Details The material terms of the Agreements are as follows: Table 1 – Performance Shares a) The Company has paid $150,000 for a 5-month exclusive Option to acquire the tenement Tranche No. of Performance Shares Performance Milestone package. The Option may be exercised