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The latest update is out from Torque Metals Ltd. ( (AU:TOR) ).
Torque Metals Limited has reported significant progress in its Paris Gold Project, with extensional drilling revealing high-grade gold mineralization beyond the previous Mineral Resource Estimate. The company completed the acquisition of promising gold and lithium tenements and improved its financial health by cancelling director performance rights and reducing non-executive director salaries. Additionally, a successful $1M share placement enhances the company’s capital position, which, combined with high gold recovery rates from metallurgical testing, indicates potential for economic gold processing and reinforces the project’s future development prospects.
More about Torque Metals Ltd.
Torque Metals Limited operates in the mining industry, focusing primarily on gold exploration and development. The company’s key projects include the Paris Gold Project, New Dawn Gold/Lithium Project, and Penzance Gold Project, with a market focus on expanding its mineral resources and enhancing its operational assets.
YTD Price Performance: 40.0%
Average Trading Volume: 828,580
Technical Sentiment Consensus Rating: Hold
Current Market Cap: A$15.48M
For a thorough assessment of TOR stock, go to TipRanks’ Stock Analysis page.
