Torque Metals Ltd (ASX:TOR) MD Cristian Moreno tells Proactive the company is eagerly awaiting the results of an inaugural diamond drilling campaign at the New Dawn Lithium Project in the Goldfields of Western Australia, where the company has been testing known pegmatite bodies for spodumene (hard rock lithium) and tantalum. TOR has already doubled down on the project area, acquiring three new tenements nearby – two adjacent to the Paris Gold Project and one with lithium potential along strike from the existing New Dawn Project. The company believes the latter tenement is prospective for lithium-caesium-tantalum or LCT pegmatites, the source of some 44% of all hard rock lithium minerals.
“With a strong balance sheet, Torque Metals is poised to maintain drilling momentum to fully understand the entire lithium and tantalum endowment at New Dawn,” Moreno said.
“Consistent with the company’s strategic approach to regional consolidation, actively monitoring the region for new opportunities, we also announce an agreement to acquire nearby tenements that align with our Paris and New Dawn projects.
“This expansion enhances our portfolio and strengthens our regional presence.”
Contact Details
Proactive Investors
Jonathan Jackson
+61 413 713 744
jonathan@proactiveinvestors.com
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Torque Metals Limited is an Australia-based smart exploration company. The Company is focused on applying advanced geoscience and artificial intelligence (AI)-powered smart exploration to unlock mineral deposits. Its projects include Paris Gold Project, New Dawn Lithium Project and Penzance Nickel Project. Its Paris Gold Project covers approximately 200 square kilometers (km2) of area in the Western Australian Gold Fields. It comprises nine granted mining leases, two prospecting licenses, three exploration licenses. The Penzance Camp is prospective for lithium, gold and nickel and is located along the strike south of the St Ives Gold Mine. Its Penzance Exploration Camp, extending over approximately 800 km2, includes 12 wholly owned, development-ready, pre-native title mining, 4 prospecting and 26 exploration licenses (7 under application) approximately 30km east of Widgiemooltha in Western Australia. The New Dawn Lithium Project occupies two pre-native title, granted mining licenses.