Torque turns up the gold with shallow hits, deep potential and a Canadian twist in the mix

When Torque Metals' managing director Cristian Moreno took the stage at the RIU Sydney Resources Round-up in May 2025, he didn’t mince words: “We are not lithium. We are 100 percent gold.” In a market swamped with battery metal hopefuls, Torque is carving out a gold-focused path—with a sharp eye on grade, growth, and geological substance.

Paris Gold Camp: Not Just Another Patch in the Goldfields

Torque’s 1,200km² Paris Gold Camp, just 90 minutes south of Kalgoorlie, is no run-of-the-mill landholding. It’s a chunky slice of the prolific Boulder-Lefroy Fault corridor, flanked by majors like Gold Fields and Westgold. And it’s already delivering the kind of numbers that command attention:

• 35m @ 14.12 g/t

• 10m @ 46.6 g/t

• 27m @ 10.7 g/t

The current JORC resource sits at 250,000 ounces at 3.1 g/t gold, with the deepest drillhole at just 200m. “We’ve explored only 1 percent of our total ground,” Moreno told the room. “This resource is open in every direction. The limitation is drilling meters, not geology”.

Massive Sulphides, Visible Gold and +96% Recoveries

The Paris project’s high-grade shoots are tied to pyrrhotite-rich zones—with coarse visible gold turning up alongside sulphides in quartz. Metallurgy results have been consistently strong:

• Overall gold recovery >96%

• Gravity recovery up to 68.8%

• Low cyanide and lime consumption across all deposits

“These are free-milling ores, and we’ve demonstrated that with multiple rounds of met testwork,” Moreno said.

EM Lights the Way: Expansion Targets Identified

Torque recently completed downhole EM surveys across the Paris system, confirming strong conductive responses adjacent to known gold zones. These conductors correlate with existing high-grade intercepts and point to substantial depth and strike potential. It’s the kind of vectoring that could fast-track resource additions and materially shift the size of the prize.

Beyond Paris: The Aston Merger and Canadian Gold Exposure

Torque is finalising a merger with Aston Minerals, which brings the Edleston Project in Ontario into the mix. With 1.5 million ounces at 1.0 g/t across 310km² of the Abitibi Greenstone Belt, it’s a serious addition. Post-merger, Torque will command 1.75 million ounces of JORC gold across two of the most mining-friendly jurisdictions in the world.

“This is a merger of equals,” Moreno said. “Our goal isn’t production today—it’s building scale quickly. One million ounces in WA is our first target”.

The Bottom Line: Gold First, Capital Tight

Torque isn’t burning through the bank. Moreno stressed that capital discipline is central to the strategy. “We take care of the capital. We don’t spend a lot. But we do the work that matters,” he said. And while Torque also holds early-stage nickel and lithium assets, the strategy is focused: grow gold ounces, fast, and smart.

With a deep portfolio, drilling-ready permits, strong board credentials and gravity-defying grades, Torque Metals is shaping up as one of the more interesting mid-tier gold stories on the ASX radar.