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The latest update is out from Torque Metals Ltd. ( (AU:TOR) ).
Torque Metals has outlined its 2026 strategy for the Paris Gold Camp, moving the project from discovery and expansion into a more mature resource growth and development phase. The company has begun mining development and permitting activities, including mine development closure planning and technical studies to support regulatory submissions for proposed mining operations, leveraging pre-Native Title granted mining leases that enable a faster transition from care and maintenance toward development. With a current Mineral Resource of 250,000 ounces at 3.1 g/t gold defined at AUD$3,000/oz and recent drilling identifying additional shallow high-grade mineralisation outside the existing resource envelope, Torque is running an aggressive multi-rig drilling program to both expand and upgrade resources, particularly at the Paris and Observation deposits. Ongoing exploration at targets such as Paris South, Strauss and Maynards Dam is aimed at adding near-surface ounces, while the company also evaluates toll-treatment and other development pathways, signalling a shift toward potential gold production and enhanced project value for stakeholders, subject to regulatory approvals.
The most recent analyst rating on (AU:TOR) stock is a Hold with a A$0.34 price target. To see the full list of analyst forecasts on Torque Metals Ltd. stock, see the AU:TOR Stock Forecast page.
More about Torque Metals Ltd.
Torque Metals Ltd. is an Australian gold exploration and development company focused on advancing its Paris Gold Camp, where it is defining high-grade gold resources and progressing projects through permitting and mine planning toward potential production. The company’s activities centre on resource definition drilling, exploration of multiple prospects within the camp, and assessing development and processing pathways in Western Australia’s gold sector.
Average Trading Volume: 1,380,875
Technical Sentiment Signal: Buy
Current Market Cap: A$202.6M
For a thorough assessment of TOR stock, go to TipRanks’ Stock Analysis page.