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The latest announcement is out from Torque Metals Ltd. ( (AU:TOR) ).
Torque Metals has secured two Western Australian Government Exploration Incentive Scheme grants totaling up to $287,530 to support exploration at its Paris Gold Project. The funding, split between co-funded geophysics and exploration drilling programs, will be used for high-resolution airborne surveys and drill testing of priority gold targets.
These non-dilutive grants are described by the company as a strong endorsement of the Paris project’s prospectivity and its exploration strategy. Torque expects the co-funded work to accelerate exploration, improve targeting confidence, and support future resource growth initiatives while preserving shareholder value.
The most recent analyst rating on (AU:TOR) stock is a Buy with a A$0.55 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 company focused on advancing its flagship Paris Gold Project in Western Australia. The company targets high-potential gold mineralisation through geophysical surveys and drilling, aiming to grow resources and enhance its position within the state’s competitive gold exploration sector.
Average Trading Volume: 3,223,139
Technical Sentiment Signal: Buy
Current Market Cap: A$298.4M
Find detailed analytics on TOR stock on TipRanks’ Stock Analysis page.