Strategy

Torque has undertaken consecutive years of ambitious exploration to stake our claim as a high-performing gold play – aided by the recent delivery of a robust 250,000 ounce (oz) gold Mineral Resource Estimate (MRE) at our flagship Paris Gold Project in the West Australian Goldfields. The company’s strategy now centres on growing its reported ounces and upgrading classifications to enable the future transition to development.

After extensive internal evaluation and discussion, the Company determined that the best means to continue on this desired path was to pursue a merger of equals with Aston Minerals Ltd, creating a dominant, growth focused gold explorer.

This strategic transaction seeks to unite individual strengths, consolidating a substantial gold resource of 1.75 million ounces (Moz) across two highly prospective exploration projects. Upon completion of the merger, Torque will command an extensive landholding in two premier mining jurisdictions and benefit from a strengthened cash position.

While the addition of Aston’s Edleston Gold Project in Ontario, Canada poses its own high-grade exploration opportunities, the Paris Gold Project remains the cornerstone of Torque’s portfolio and will be the focus of upcoming Company activities.