Slide 1: Investor Presentation May 2022
Investor Presentation May 2022
Slide 2: Disclaimer
Disclaimer IMPORTANT aware that past performance is not indicative of future performance. the Company does not intend to publicly update or revise any forward- Statements of numbers and financial performance: All financial amounts looking statements to reflect new information or future events or oth
Slide 3: Capital Structure
Capital Structure Share Price Since IPO Capital Structure1 Ordinary shares on issue 77.8m Daily Volume Traded (m) Share Price 35 9 Options2 38.5m Share Price (2 May 2022) $0.230 8 Market capitalisation (undiluted) $17.9m 30 Daily Closing Price (cents pershare) Cash3 $4.0m 7 Debt3 Nil 25 Daily Volume
Slide 4: Board of Directors and Management
Board of Directors and Management Ian Finch Cristian Moreno Patrick Burke Tony Lofthouse Executive Chairman Chief Executive Officer Non-Executive Director Non-Executive Director Exploration and mining geologist with Appointed as CEO in April 2022 Extensive legal and corporate 44 years of relevant re
Slide 5: 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 Western • Secured a JV to earn up to 80% in the adjacent tenements, adding a 14 km extension of the prospective stratigraphy Australia • Contains 2 historic
Slide 6: Paris Gold Project
Paris Gold Project Section 1 6
Slide 7: World-Class Gold Mining Province
World-Class Gold Mining Province Boulder Lefroy Torque’s Flagship Paris Project sits along strike of 70Moz of Gold Production Premier location On the richly endowed Boulder- Lefroy Fault – over 70 million ounces of gold produced from many large deposits. Investor Presentation 7
Slide 8: Paris Gold Project
Paris Gold Project Torque’s Large Tenement Holding at Paris Tenement Package: • 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
Slide 9: Paris Project – Historical Mines
Paris Project – Historical Mines Paris 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 • Fault spl
Slide 10: Paris Mine Drilling Results
Paris Mine Drilling Results Extensive drilling completed since IPO in June 2021 with highlights including*: • 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 @ 10.56g/t Au from 123m (21PRC021); and • 3m @ 11.6g/t Au from 159m with 21m @ 2
Slide 11: High Mineralised Structure
High Mineralised Structure Assay results from follow-up drilling demonstrated a continuous mineralised zone adjacent to the Paris pit Drilling 120m west of the existing Paris open pit area confirmed 21m @ 2.33 g/t Au from 159m including 3m @ 11.6 g/t Au from 159m in drill hole 22PRC034* Phase-3 Dril
Slide 12: New "Caruso" Discovery
New “Caruso” Discovery Recent regional drilling, north-east of the HHH pit intersected extensive shallow gold intercepts, 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 disc
Slide 13: New "Caruso" Discovery
New “Caruso” Discovery Caruso had received some encouraging historic drilling but the latest results place the discovery firmly on the Company’s radar and will be subject to considerable follow up exploration Drilling at Caruso consisted of nine RC holes for 798 meters drilled Investor Presentation
Slide 14: New Discoveries within the Paris Project
New Discoveries within the Paris Project Outstanding results from Torque’s drilling results, proximal to the existing prospects • Broad, high-grade at both the Observation and Strauss Prospects. Key highlights include*: • Observation – 4m @ 15.9 g/t Au from 57m (21ORC031); – 9m @ 11.5 g/t Au from 63
Slide 15: Observation Prospect
Observation Prospect Discovery of the 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
Slide 16: Strauss Prospect
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 mineralisation over at least 150m of strike Open to the north, south and west and a
Slide 17: Carreras and Pavarotti Prospect Potential
Carreras and Pavarotti Prospect Potential • Highly anomalous auger geochemistry results (up to 249ppb), highlight a ~600m continuous NNW trending gold anomaly close to DHD425 the “Paris South” prospect 2m@7.3g/t Au from 6m • Two additional gold anomalies identified in a previously unexplored area, a
Slide 18: Nickel Potential at the Paris Project
Nickel Potential at the Paris Project Section 2 20
Slide 19: EM Anomalies at Paris
EM Anomalies at Paris Recent airborne EM survey (AEM) highlights two strong conductors 2km west of the Paris / HHH gold pits Cassini • Initial interpretation of the AEM survey data 1.53Mt@4%Ni-Tot. at Paris* demonstrates the anomalies are indicative of metal sulphide conductors Strong EM Anomalies •
Slide 20: EM Anomalies at Paris
EM Anomalies at Paris Recent airborne EM survey (AEM) highlights two strong conductors 2km west of the Paris / HHH gold pits • Follow up surveys planned, including high resolution geophysics to improve definition of these potential base metal targets; • Historical drilling, coincident with a strong
Slide 21: Next Steps for EM Anomalies
Next Steps for EM Anomalies Domingo-GEM • Follow-up work planned EM anomalies, with high resolution geophysical testing imminent. Survey Activities to include: • Ground EM surveying at Domingo as well as the interpreted Melchior anomalies; • Geochemical and mineralogical analyses to determine the na
Slide 22: Assay Results to Continue
Assay Results to Continue Torque have only received a fraction of the results from their maiden drilling campaign at Paris Currently awaiting results on over 3,000m of drilling Exploration Programme RC Drilling Drilling Status Observation 6/920 Caruso/Triple-H 7/631 Paris Pit Area 5/1013 Finished Pa
Slide 23: Intended Drilling and Exploration Campaigns
Intended Drilling and Exploration Campaigns Follow-up work planned EM anomalies, with high resolution geophysical testing imminent. Drilling activities to include up to ~9000m Upcoming Drilling Drilling Type Holes Depth (m) Paris Project Area Paris Reverse Circulation 12 180 Observation Reverse Circ
Slide 24: Exploration Programme and Timeline
Exploration Programme and Timeline Indicative Exploration 2022 2023 Programme Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Paris Project Area Data Compilation/Machine Learning Reconnaissance Field Work Mapping/Sampling Geophysics (Reprocessing) Geophysics (GEM-1) Diamond drilling (Melchior and Domingo) Reverse Circulati
Slide 25: Investment Highlights
Investment Highlights High grade Simple Under Experienced gold fields development explored board and pathway management Early drilling has continued Potential to Fast-track Torque’s ground A board with decades of to deliver high grade to development positions are relatively experience in exploration
Slide 26: Contact information:
Contact information: Ian Finch Cristian Moreno Executive Chairman Chief Executive Officer 0414 270 248 0410 280 809 ian@torquemetals.com cristian@torquemetals.com torquemetals.com
Slide 27: Bullfinch Project
Bullfinch Project Appendix 1 29
Slide 28: Bullfinch Project
Bullfinch Project Over 15Moz past production and Resources in the Southern Cross within the Southern Cross greenstone belt Map showing the position of Bullfinch tenements Goldfields • Western Australia’s first major goldfield • Over 570 km2 of contiguous title • Known for high grade gold occurrences
Slide 29: Bullfinch – Leading Prospects
Bullfinch – Leading Prospects Withers: • >3 Kms of historical gold workings Rutherfords Find • Produced 1688ozs @ 35.7 g/t gold • Virtually No drilling Drill Intersections Reynolds: • 4 shallow historic RC holes (65m Max) • 3 holes hit commercial grades up to 4m @ 14g/t gold • Open at depth and alon
Slide 30: 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 31: 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 an