Torque Metals Ltd. · ASX:TOR
Torque Metals — South-West Connect ASX-Showcase October 2022
28 slides from Torque Metals's conference presentation, Oct 20, 2022
Slide 1: A Vibrant Australian Gold Explorer
For personal use only A VIBRANT AUSTRALIAN GOLD EXPLORER South-West Connect ASX-Showcase October 2022 1
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”) Reporting of mineral resources and reserves: This Presentation includes mineral resource information prepa
Slide 3: Board & Management
BOARD & MANAGEMENT For personal use only Ian Finch Cristian Moreno Patrick Burke Tony Lofthouse Neil McKay Chairman Managing Director Non-Executive Director Non-Executive Director Company Secretary/CFO Exploration and mining geologist Appointed as Managing Director in October Extensive legal and cor
Slide 4: Capital Structure
CAPITAL STRUCTURE For personal use only Share Price (13 Oct 22) Market Cap (Undiluted) Enterprise Value (Undiluted) Cash1 Debt1 $0.185 $14.39m $10.98m $3.41m Nil Ordinary Shares on Issue: 77.8m | Options2: 38.5m 1Y Share Price Board & Management $0.35 8000 7% $0.30 7000 6000 Austral Pacific Pty Ltd
Slide 5: Torque Has Secured Prime Locations in Two Premier Gold Provinces
For personal use only TORQUE HAS SECURED PRIME LOCATIONS IN TWO PREMIER GOLD PROVINCES 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) • 9 Granted
Slide 6: Project Paris Gold
For personal use only PROJECT PARIS GOLD
Slide 7: World-Class Gold Mining Province
WORLD-CLASS GOLD MINING PROVINCE For personal use only 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 Refer to ASX announcement dated 8 Sep 2022 – Exception
Slide 8: Paris Project: Multiple Gold Prospects, Nickel Prospects
PARIS PROJECT: Multiple Gold Prospects, 3 Nickel Prospects For personal use only Observation Gold Prospect 4m @ 15.86 g/t Au (21ORC031) 9m @ 11.60 g/t Au (21ORC009) 6m @ 8.45 g/t Au (21ORC036) 9m @ 3.98 g/t Au (21ORC008) Domingo Nickel Prospect Caruso/HHH Gold Prospect Geophysical surveys underway 1
Slide 9: Paris Gold Project
PARIS GOLD PROJECT For personal use only Granted Mining Leases Enable Accelerated Timeline to Production • Large area of 176km2 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 Mi
Slide 10: Paris Prospect Extended
PARIS PROSPECT EXTENDED For personal use only High grade zone extends to 900m • New structures either side of the historic pit with grade open below the pit • High grade zone remains open to the Northwest, Southeast and at depth • ~900m identified structure is larger than the historic pit • Signific
Slide 11: Extending the Paris Prospect
EXTENDING THE PARIS PROSPECT For personal use only Refer to ASX announcement dated 8 Sep 2022 - Exceptional wide high-grade gold demonstrates strong growth potential at Paris project; Refer to ASX Announcement dated 29 September 2022 – Paris Gold Zone grows to ~900m in strike 11
Slide 12: New Caruso/HHH Prospect
NEW CARUSO/HHH PROSPECT For personal use only New Caruso/HHH 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
Slide 13: Big Pit Potential
“BIG PIT POTENTIAL” For personal use only Potential to link-up Paris and HHH Gold Mines • Strong possibility that additional mineralised structures exist in the 1,500m N-S area between the two pits • Multiple parallel gold- mineralised zones between Paris and HHH provides a compelling exploration mo
Slide 14: Big Pit Potential
“BIG PIT POTENTIAL” For personal use only Refer to ASX announcement dated 15 Sep 2022 - Potential to ink-up Paris and HHH Gold Mines 14
Slide 15: New Observation Prospect
NEW OBSERVATION PROSPECT For personal use only 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 zo
Slide 16: New Strauss Prospect
NEW STRAUSS PROSPECT For personal use only Located on the Western New Discovery Boulder-Lefroy fault in the September 2021 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
Slide 17: Carreras-Pavarotti-Paris South Prospects
CARRERAS-PAVAROTTI-PARIS SOUTH PROSPECTS For personal use only Defining the 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 pre
Slide 18: Nickel Potential at the Paris Project
For personal use only NICKEL POTENTIAL AT THE PARIS PROJECT
Slide 19: Nickel Potential at Paris
NICKEL POTENTIAL AT PARIS For personal use only Geophysical surveys highlight strong conductors • Melchior Prospect survey line crosses Mincor Resources’ (MCR:ASX) 100%-owned Cassini Nickel Project to the west Historical Assays highlight Nickel grades up to 1% • Historical drilling, coincident with
Slide 20: Next Intended Steps for Nickel Exploration
NEXT INTENDED STEPS FOR NICKEL EXPLORATION For personal use only • Ground EM survey at Domingo and Melchior commenced in July 2022 • Geochemical and mineralogical analyses to determine the nature of the nickel in the Domingo boreholes • Early drilling will be undertaken to test the veracity of the h
Slide 21: Highly Successful First Year Exploration Activities
HIGHLY SUCCESSFUL FIRST YEAR EXPLORATION ACTIVITIES For personal use only • 3 Gold Discoveries & • 3 phases of drilling • 3 Nickel Prospects 6 Prospects identified for complete, with fourth identified ongoing drilling campaign currently underway with geophysical along the “Paris Gold Corridor” testi
Slide 22: Intended Exploration Programme and Timeline
INTENDED EXPLORATION PROGRAMME AND TIMELINE For personal use only 22
Slide 23: Investment Highlights
For personal use only INVESTMENT HIGHLIGHTS Located in High Simple Fast Tracked Under Explored Experienced Board grade gold fields Development Pathway Ground Positions & Management High grade results continue, Potential to fast-track Torque’s ground positions Decades of experience in with 900m miner
Slide 24: Contact Information
For personal use only CONTACT INFORMATION Cristian Moreno Ian Finch Managing Director Chairman 0410 280 809 0414 270 248 cristian@torquemetals.com ian@torquemetals.com
Slide 25: Appendix
For personal use only APPENDIX
Slide 26: Bullfinch Project
BULLFINCH PROJECT For personal use only Over 15Moz past production in the Southern Cross Goldfields • Western Australia’s first major goldfield, known for high grade gold occurrences • Over 570 km2 of contiguous title • Over 200 prospects, high grade gold pits, shafts and mines • Very limited modern
Slide 27: Bullfinch – Leading Prospects
BULLFINCH – LEADING PROSPECTS For personal use only Torque has commenced drilling at the Withers Find high grade gold prospect • Recorded production grades up to 35.7g/t gold at the Withers Find prospect • Reynolds Find and Rutherford’s Find are also historic workings with exploration potential • To
Slide 28: Appendix – JORC 2012 Mineral Resource Statement
APPENDIX 3 – JORC 2012 For personal use only 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 activiti
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