Highlights

  • Torque reported 23 holes totalling approximately 4,115 metres across four Ritz areas.
  • HHH returned 1.1 metres at 89.64 g/t gold from 308.8 metres.
  • Ritz held a July 2026 Mineral Resource of 351,000 ounces.
  • Further drilling and geophysical work will test continuity and extensions.

Torque Metals Limited (ASX:TOR) explores gold projects including Ritz in Western Australia and Edleston in Canada. Its 4 November 2026 Ritz update covers 23 reverse circulation and diamond holes totalling approximately 4,115 metres at HHH, Paris, Koolie and Maynards Dam. The results add new drill information to an established gold resource while leaving geological continuity and potential resource revisions for subsequent work.

High-Grade Results at HHH

The strongest interval in the 4 November release came from diamond hole 26HRCDD179: 1.1 metres at 89.64 grams per tonne (g/t) gold from 308.8 metres, including 0.2 metres at 398.0 g/t. Torque placed the hole approximately 50 metres up-plunge of an earlier intersection. Another hole, 26HRC215, returned 4.0 metres at 9.74 g/t from 378.0 metres, around 80 metres down-plunge of that earlier hole. These results help define potential mineralised positions, but do not establish uninterrupted grade between holes. Not every test returned high grades: hole 26HDD011 intersected 3.25 metres at 0.84 g/t, while 26HRC154 had no significant intersection. All reported lengths are downhole measurements, with true widths not yet established. Torque Metals Limited (ASX:TOR) therefore still needs geological interpretation and additional drilling to determine the shape and continuity of the HHH lodes.

Paris and the Maynards Corridor

At Paris, hole 26PRC295 intersected 12.0 metres at 2.20 g/t from 47.0 metres, including 2.0 metres at 8.45 g/t. The shallow mineralisation forms part of an existing Inferred resource area. At Koolie, within the Maynards Corridor, 26KORC003 returned 2.0 metres at 12.17 g/t from 31.0 metres, including 1.0 metre at 23.27 g/t. Maynards Dam yielded more modest results, including 2.0 metres at 0.53 g/t from 19.0 metres in 26MDRC008. These differences matter because the prospects are at different stages of geological understanding. Torque Metals Limited (ASX:TOR) has not reported a new resource for Koolie or Maynards Dam from this campaign. The drilling establishes individual occurrences that require follow-up rather than a demonstrated economic deposit.

Resource Base and 2026 Exploration Programme

The Ritz Mineral Resource reported as at 7 July 2026 was 3.47 million tonnes at 3.1 g/t for 351,000 ounces. It included 147,000 ounces in the Indicated category and 203,000 ounces Inferred, with rounding accounting for the difference to the total. Paris contributed 253,000 ounces, HHH 73,000 ounces and Observation 25,000 ounces. The latest intersections have not been incorporated into that estimate. Torque Metals Limited (ASX:TOR) plans deeper reverse circulation and diamond drilling at HHH, infill work at Paris and follow-up testing at Koolie and Maynards Dam. Downhole electromagnetic surveys are also planned at HHH and Observation. Additional geophysics is scheduled across the Paris and Strauss corridors, while a third rig is being deployed for discovery drilling. The company has indicated that further results will inform any subsequent resource revision.

Key Insights

Torque Metals Limited (ASX:TOR) has identified several encouraging individual gold intersections at Ritz, alongside less significant holes that underline exploration variability. The July resource remains the established inventory. Future drilling, true-width interpretation and resource modelling will determine whether the 2026 results change the project's defined scale.