Pre Money Equity Valuation
$4,793,333
Min Raise
$4,500,000
Max Raise
$7,000,000
Estimated Close
2018-11-30
Issue Type
IPO
Lead Manager
Sanlam Private Wealth Pty Ltd
Type of Securities
Options, Shares
Date First Lodged
18/10/2018
Offer Costs $
$625,089
Market Cap Max
$11,793,333
Key Executives
Ian Finch (MD), Neil McKay (ED), Tshung Chang (NED)
Company Address
Level 2 38 Richardson Street West Perth WA 6005
Stockbroker's Snapshot
Junior explorer
Exchange
ASX
Chairman's Letter

On behalf of the board of Torque Metals Ltd (Torque or the Company) I am pleased to present this
Prospectus to you, and to invite you to become a shareholder in the Company.
Torque was incorporated on 16 August 2017 specifically to explore and, where considered
economically positive, to develop gold mines in, and around, the historic gold province centered on
the town of Bullfinch, which lies approximately 40 kms North of the town of Southern Cross, midway
between Perth and Kalgoorlie in Western Australia.
Torque recently concluded the purchase of a number of contiguous mineral tenements (aggregating
approximately 405 km2
) from Talga Resources Limited. It has subsequently applied for and was
granted an adjoining Exploration Licence (EL77/2522) to the East of the Talga ground, covering an
area of approximately 210 km2
. The Company, therefore, has 100% ownership of 615 km2
of the
highly prospective Bullfinch gold province.
The Bullfinch area is known for its gold discoveries dating back to 1887. However, despite significant
recorded gold production from within a 100 km radius of the project area, local gold production has
been dominated by the singular Copperhead gold mine which commenced production in 1910 and,
after 3 periods of production, finally closed in 1997.
The technical due diligence undertaken by Torque prior to exercising its option to acquire its interest
in the tenements from Talga Resources Limited were positive, and in the Board’s view provide
sufficient justification to undertake further exploration activities within the area.
Few modern exploration techniques have been employed in the area of the Bullfinch tenements. A
core part of the Company’s strategy will therefore be to apply modern exploration techniques to the
tenements and leverage the expertise of its Directors with a view to monetising the project through a
thorough evaluation of each of the mineral exploration potential and the proposed development
scenarios presented.
The purpose of the capital raising under this Prospectus is to raise a minimum of $4,500,000 and a
maximum of $7,000,000 (before costs) by the issue of up to 35,000,000 fully paid ordinary shares at a
price of $0.20 each. As detailed in Section 1.6 of this Prospectus, the proceeds of this capital raising
are intended to be applied primarily towards evaluation and exploration of the Bullfinch project, as
well as administration, administration and general working capital and corporate overheads.
This Prospectus contains detailed information about the Public Offer and the current and proposed
operations of the Company, as well as the risks pertaining to an investment in the Company. Potential
investors in the Company should carefully consider those risks (detailed in Section 3).
Having read much of the available literature on the Bullfinch area, and visited some of the gold
occurrences on the ground, one can’t help but be optimistic that our goals can be achieved.
I am looking forward to the challenge and invite you to join us.
Yours faithfully
Ian D. Finch
Managing Director