Everyone this morning, thanks for filling up the room to catch up on the story at Torque. This is the first time presentation that Torque has the opportunity to be at the conference here today. Thanks to Tim and Luke, for getting that opportunity for us. Torque, we are all about high-grade discovery and growth story. My name is Craig Jones, I am the MD and CEO, and I am here to talk to you about how we are going to be delivering those results. Here is just a cautionary statement, but why Torque Metals? For us, we have got the right location. South Kalgoorlie, surrounded by multimillion-ounce deposits. Long history of mining in the area. We have got the right ground. We have got over 1,000 sq km of land holding within the region, a solid high-grade base, currently with 350,000 ounces of gold at just over 3 g a tonne. We have got the right team. We have brought in a lot of the ex-Spartan Resources team after the transition to the sale of Ramelius last year. We are proven explorers and operators. We have got a fresh approach and quite an aggressive Canada as well. Giving us a total of about 1.85 million ounces, and nearly 1.5 g for total. Just diving into a little bit more detail. The central land holding of where we are sitting, the project is down to the south of the project, as you can see. Most of the drilling effort has been concentrated within 2.5 km of strike along that greenstone belt. We have actually got 57 km of strike that we have in our land holdings, which is all 100% held along there. We have got a lot of work to do outside of the MRE. The drilling, the average depth is only 40 m. There is no multimillion-ounce deposits within 40 m that we can see. We need to do a lot more work, do a lot more follow-up, with some of the historical work that has been done in there as well. We are doing that since we have got our feet under the table at the asset. We have been drilling around the deposits themselves, and after organizing some heritage clearance to get out on the ground and making sure the team is resourced, we are now starting to step out and do some drilling around there, which I will touch on shortly. Just to highlight the Ritz Gold Project. The total 350,000 ounces we have is across three different little projects. Earlier in July as well, we sort of reset the bar and put our strategy out, which is our RPM project, which is trying to rapidly path to a million ounces looking for above 2 g a tonne. See if we can define that over the next couple of years. That is going to be sort of defined by adding to the current resource that we have at the project. Also stepping out and looking for some new discoveries along the ground that we do have as well. This really is the start of the journey for us. It is far from the destination, and we have got a lot of work that we need to do. It is all about growing the resource that we do have and also looking for those new discoveries. This is what the Paris deposit looks like. As I mentioned before, it's sort of a structurally controlled environment. It's been drilling down there over the last couple of years before we updated the resource. DHEM is a proven technology that sort of highlights where the mineralization sits in there. It's certainly something that we do use once we can get some plates identified down there. And we've hit a few of the deeper holes. There's a whole bunch of thick, high-grade intersections that we do have at the project. And we're structurally looking for offsets and repeats of those. We can see it on the image to the left of your screen is what we're calling PL3, the Paris Lower 3. And again, we've tagged it with a few interceptions already, and we just need to keep following up that as we're doing the drilling down there. That's part of our growth strategy. We'll be adding ounces to that over the next couple of years as well. Paris itself is high grade and it does have some very thick intersections. You can see some of those there with 35 m at 14, up to 10 at 46, 27 at 10, 22 at 12. So there is some very good intersections in there. There's a whole bunch of 100-gram-plus meter intercepts. Excuse me. For me, as a mining engineer, as an operator of a mine, it gives you those sweet spot zones. So when you are mining through and you come across these sweet spots in the high-grade areas, it sort of carries the grade as you're mining there to give you the average to keep it up as well. There's a lot of them all the way from the surface down to sort of 600 m where the deepest hole we've got at the moment. But we need to keep drilling those as we'll keep adding them throughout the next year or two. Further to the north of Paris is another repeat structure called the Triple H project. We've done some more drilling down there. We never updated the resource earlier this year because there wasn't enough drilling done within it, so that'll get an update early next year in the first quarter. But we've really recently done some drilling in there, and you can see some fantastic results with 11 m at 456 g a ton. That's outside the MRE. We'll be adding those sorts of things into the resource when we update that earlier next year. A lot of free gold. I've never seen that much gold come out of an RC sample. All the gold you can see on the images there came out of just the one-meter chip sampling when it was panned as well. What it does show to us, though, is the ground is well mineralized, and we just need to look for these repeat structures and understand the structural model and then get those repeats and continue to drill those. As I said, it does confirm the endowment that's within that field. Some more recent drilling that we just released earlier this week, getting some assays back. So another intercept is nearly 9 m at 17.5 g a ton. Again, just showing that the mineralization within that field is there when you can understand the structural model as well. We did some drilling earlier this year, and then did another survey down to get to the plate. You can see the EM plate is on the image there. Again, getting some good results with good grade thickness confirms that the system is well mineralized, and we will continue to follow those things up. The deepest hit we have to date with the 8.9 at 17 is 300 m below surface, and it is another 115 m below the existing MRE. There is a lot more work to be done there and a lot of ounces that we can add in. Again, talking about the structural environment, another 1,000 m to the north is the Observation gold deposit. It has got a small MRE. We have started to do some drilling outside of there. The first drill holes that we have had, you can see the list of the drill holes labeled up there. 3 m at about 9, 4 at 3.5, 3 at 4. There are some good interception widths, good grades there. Again, we need to follow these things up. They are outside the MRE. We are going to add these ounces into that resource. There are some very historical shallow scratchings on the surface, but essentially it is a virgin area that we can be mining. We will update the MRE for observation early next year as well. That is what it looks like over that 2.5 km of strike length, where you have got the Paris, Triple H, and Observation prospects. There is a whole bunch of drill holes listed on there as well. The focus has really been over the last couple of years just on those prospects as well. We need to do a bit more work between them, look for those structural repeats that we can see between the prospects. Also you can see the Catacombs project down to the south. Again, that is another 1,000 m down to the south, which is where we are starting to see these repeat structures. That is where it all sort of ties into our RPM project to identify the structural repeats that we see across the field and then start to expand on it. This is our little focused area at the Paris project, but we need to step out and look across those 57 km of strike. This is why we like this project. This is why the Spartan team sort of got together after last year and found a project that we like where there is a large opportunity to do the drilling, and this is it. We can really understand sort of the district-scale footprint that we could look for, and it really has not had a lot of work done over the past 20 years, I would say. There is some drilling done at some of the prospects. We have broken it down into a few little different structural corridors, but a lot of drilling—not a lot of drilling, but some drilling was being done in the late 1980s and early 1990s as well, and it has not had any follow-up done since then, being in the hands of prospectors and some small cap explorers as well. There has been a lot of surface, aeromagnetic work done and soils and some structural mapping and those sorts of things. There is a whole bunch of prospects that we have already got lined up. We will arrange for the clearances to get on-site and make sure we have got the resources to get the drill rigs out there and start drilling those sorts of things. It does sit on the Boulder-Lefroy Fault, which you can sort of see in the image running up through the main part of the image. All the yellow dots to the left, up to the top of the left of the image are all the St Ives projects as well. The Boulder-Lefroy Fault is obviously the major structural feeder for the region in the Kalgoorlie Terrane, and we have got splays sitting off of that as well. Most of the deposits do not actually sit on the Boulder-Lefroy Fault. They sit on the splays, and we have got multiple of those across our tenement package. This is what it looks like more in the Strauss Corridor. We have currently got the drill. We have got two drill rigs on site. The RC rig is currently drilling within the Strauss Corridor as well. There is some historical drilling sitting there, sort of a lot of gold in soil anomalies that we need to follow up as well. There is 130 m deep drill holes down there over about 250 m of strike, and that is what we are starting to drill out at Strauss at the moment. Some more drilling that we will add in there to look to add some resources. We have got the clearance done. About 2.5 - 3 Ks north of Strauss is another prospect, Mamarax. Again, some historical drilling that was done in there. There is mineralization at the end of the holes, and it just really has not been followed up as well. We consider that a great opportunity for us to get in there with some modern techniques and an aggressive approach and continue to work with that as well. A little bit further north of the Paris project is the Maynards Corridor. Again, that is another splay off the Boulder-Lefroy Fault. There was some high-grade mineralization drilled in 1991. There is 4 m at 21 g a ton, which is only 20 m down hole from surface. Certainly, again, showing that there is mineralization within the system, and we need to understand the structural controls and just where the fluids are sitting. We have just had the rig out there for our first pass, got a few results come back that we released this week, and we are waiting for more to come back from the lab as we are sitting as well. That is just a lovely image to show you the lovely terrain that we are sitting in. That is at Maynards Dam that was drilling out there a few weeks ago. From a news flow point of view, we will look to continue with the two drill rigs that we do have on site. As I mentioned, one diamond and one RC. We will be jumping around the prospects, as well as drilling out the deposits that we already have. We will keep everyone updated with the results as they come through. Putting out a new resource every six months, so that will be the first quarter next year for us. A couple of discoveries is the plan that we are trying to look for, and we will keep everyone informed of what is going on there. We have a large land package that we inherited when we got the keys to the company as well, so we will be reviewing that to make sure we can appropriate the resources to look for in that area as well, rather than just focus on the 2.5 km that has been the focus of Paris as well. There is a bit of lithium prospectivity across the tenements as well. We will have a review of that one. As I mentioned earlier, we do have 1.5 million ounces at Edleston, which is a project in the Abitibi Greenstone Belt. We will look at if there is any opportunities there for us for that. But the current focus is well and truly around Kalgoorlie. So where we are sitting at the moment, just to summarize, we have got a very cohesive management team, proven explorers. We will be out there challenging norms. Not afraid to fail and fail fast with the drill rig. So we will be looking aggressively to find those new discoveries out there. We do have a solid base from which we can grow. So with the 350,000 ounces at just over 3 g, a big upsides, new resource or an updated resource next year. With that focus on our RPM strategy of continuing to drill and look for those new discoveries whilst we continue to grow the resources that we do have. As it says there is a very large portfolio of prospects. Early drilling success is what we have seen with the drilling under the resources at Triple H and Observation, and we are looking to follow those up as well with a very aggressive exploration expose. So, that is all I have got for today. So thank you for your time, and if anyone has got any questions. If anybody has a question, please raise your hand and wait for a microphone to come forward, please. Thanks for that. I didn't know your company, so that's a good presentation. Thank you. Thanks. Two quick questions. First of all, is that drone magnetics that you're going to be flying over the tenements, and how thick is the overburden there? Good question. Thank you very much. The overburden varies across the ground from pretty shallow, really, to almost nothing but some of the rocks in the ground that we're sitting there. There's obviously some vegetation and stuff that we've got to deal with. The historical aeromagnetic survey is being done aerial, by planes, but we're also doing some surveys soon with some drones. A little bit more detailed and focused again. Yeah. In the updated MRE coming out next spring, how many meters do you think will be included in that drilling? I am looking to drill probably 70,000 m over a 12-month period. It is going to be probably 30,000-40,000 m we will add into there. That is going to be across all the prospects and the regional work that we are doing as well. Some of that will not be included into the actual update of the resources because it is early-stage exploration. I will be saying 20,000-25,000 m into the resources. You spoke a little fast, and I am just on my first cup of coffee. Did you say you have a 1.5 million ounce resource in the Abitibi? Sorry. Australian. Could you please explain that a little bit more? Yeah. Torque Metals is a project that had all the ground around Kalgoorlie, as we spoke about as well, and they did a merger with Aston Minerals in early 2025, and that came Aston is Ben Cox's company? Aston Minerals? Yes. Is this a different company he merged with? I believe it is, yeah. Different company. So that's the project, the Edleston Gold project. Where in the Abitibi is big. Where in the Abitibi is it? It is very big for me as well. I think it's about 60 km sort of Southeast of, Southwest maybe, of Timmins. Southwest of Timmins. I believe so. Could you explain what the tons and grade are of the 1.5 million ounces? I'd need to do some more detailed work on exactly what that's going to be, but that's a project that we need to spend more time on, as I mentioned with the review, because we've just got our feet under the table now. You spoke kind of quickly. If there's one property that I should focus on in understanding your company, which one is it? Definitely the Ritz Project in Kalgoorlie. That is where our focus is going to be. That is where we are going to get- Does that one have the resource yet, or is that the one where you are building up to a resource? That currently has the 350,000 ounces resource, and we are going to be expanding on that. Why does 351,000 ounces in Kalgoorlie excite you more than 1.5 million in the Abitibi? It does. I get excited for the Abitibi. Yeah. It's something that I need to understand a lot more. As I said, we just joined the company in May, so we've only been there a few months. This is where our focus is going to be. Canada's a wonderful place. Looking for those. Just like Australia. Yeah, agree. Are there any other questions from the floor? Maybe just a quick one from me then. You mentioned that within a reasonable trucking distance of your properties out in South Kalgoorlie there's a series of third-party mills. How far are you from having negotiations or putting out feelers on that, or is that a ways off yet? Yeah, good question. That is a little way off. There are obviously some shallow resources that could be mined if we really had to, but the focus is literally on finding more discoveries to build the scale of the project up a lot more before we worry about having some mining work done. Given we have one minute left here, if you think of the Spartan Resources story, which is obviously where most of you and your people have come out of, what is the unique thing about the geological prospecting methodology that you guys have, that perhaps others haven't really gotten to? I think the area that we are operating is well understood geologically. It is just the opportunity hasn't been taken advantage of by the previous owners of the projects as well. It is literally about getting your boots on the ground with some capital behind you to do that sort of work as well. We have some good teams. I have managed to bring in some good geologists who are keen to look for that early exploration work, and we are literally on the ground starting that journey. That does take us to the end of time. Please join me in thanking Craig. Thanks.
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