TORQUE METALS LIMITED (TOR)
Share Price Analysis and Chart

31/07/2026

1

Speculative Buy

$0.68

223.81%

Torque Metals has an updated resource estimate for the Paris project that has delivered a 40% increase in contained gold ounces. The updated resource is now 3.47mt at 3.1g/t gold for 351,000 ozs.

Morgans continues to like the Paris asset, given its high grade and proximity to processing infrastructure. The next stage of value creation is expected to be driven by regional discoveries and broader resource growth, rather than through a near-term small-scale development.

Speculative Buy rating and the target is reduced to 68c from 90c.

FORECAST
Morgans forecasts a full year FY26 dividend of 0.00 cents and EPS of minus -0.30 cents.
Morgans forecasts a full year FY27 dividend of 0.00 cents and EPS of minus -0.30 cents.

09/07/2026

1

Speculative Buy

$0.55

161.90%

Canaccord Genuity maintains a Speculative Buy rating for Torque Metals with a $0.55 target price following an updated mineral resource estimate at the Paris Gold Project south of Kalgoorlie.

The global project resource increased 39% to 351koz grading 3.1g/t gold, driven by the core Paris deposit expanding to 253koz at 3.8g/t gold.

The analyst notes the total inventory fell a little short of expectations because substantial recent drilling was expected to lift the project closer to 500koz.

Strategic focus appears centred on boosting geological confidence, with open-pit indicated resources significantly improving to 114koz.

The report highlights the launch of a new expansion strategy aimed at scaling total project inventory above 1Moz over the next two years.