On behalf of the Board, I am delighted to present this Prospectus to you and offer you the opportunity to
become a Shareholder of Torque Metals Limited (Company).
The Company is an Australian incorporated and based mineral exploration company focused on gold
exploration in, and around, the historic gold mining centres of Bullfinch and Paris, Western Australia.
The Paris gold mining centre is situated approximately 100kms South-Southeast of the major mining town
of Kalgoorlie in Western Australia. The Bullfinch area, which was the first major mining centre in Western
Australia, lies approximately 40kms north of the mining town of Southern Cross, midway between Perth
and Kalgoorlie in Western Australia.
The Company has an exclusive option to acquire the Paris Gold Mining Area from Austral Pacific, a
private company that, in an 8 month period during 2016 and 2017, mined approximately 18,000 ounces of
gold from two shallow open pits on the Austral Tenements, being the HHH and Paris deposits. The Paris
Gold Project has a current, indicated, JORC Code resource estimate of 314,000 tonnes @ 3.23g/t gold
for approximately 32,700 ounces.
The Company has also entered into a joint venture agreement with Jindalee Resources Ltd over three
exploration licences (currently one granted and two under application) which are adjacent to the Austral
Tenements. The Company can earn an 80% interest in the Jindalee Tenements by expending $200,000
within 3 years on the Jindalee Tenements. Further details of the Projects are set out in Section 2, the
Independent Geologist’s Report in Section 5, and the Legal Report on Tenements in Section 6.
This Prospectus contains an offer to the public of up to 25,000,000 Shares at an issue price of $0.10 each
to raise up to $2,500,000 before costs, with a minimum subscription requirement to raise at least
$2,000,000 before costs. The Minimum Subscription amount of funds will provide the Company with
sufficient capital to undertake budgeted exploration programmes, while Full Subscription will allow the
Company to accelerate its exploration and development plans while also enabling identification and
assessment of additional growth opportunities.
The Company has assembled an experienced management, exploration and development team who are
well qualified to exploit the potential of the Company’s mineral assets. The Board has significant expertise
and experience in mineral exploration, project development and corporate management, and will aim to
ensure that funds raised through the Public Offer will be utilised in a cost-effective manner to advance the
Projects. The Board proposes to energetically pursue the development of the Paris Gold Project whilst,
at the same time, conducting rigorous exploration at both Paris and Bullfinch in order to increase the
Company’s gold resource inventory as quickly as possible.
Investors should note that the Company is an early stage mineral exploration company, and that any
investment made in the Company should be considered highly speculative. An investment in the
Company is subject to risks, including Company specific risks (such as those associated with mining and
exploration) and general risks ((such as those associated with the share market, government regulation
and the economy in general). Detailed information about these risks is set out in Section 3, which I
encourage you to read carefully.
On behalf of my fellow Directors, I look forward to welcoming you as a Shareholder of the Company.
Ian D. Finch