Torque Metals (ASX: $TOR) announces strategic acquisition of gold and lithium tenements in WA

Torque Metals Limited (ASX: $TOR) has signed option agreements to acquire 100% of an extensive package of tenements with gold and lithium potential in Western Australia. The acquisition aligns with Torque's strategy to consolidate highly prospective ground near its Penzance Exploration Camp, which includes the New Dawn Lithium discovery and Paris Gold discoveries. The option provides potential to grow Torque's project tenure to approximately 1200km², establishing it as a major high-quality tenement holder in the region.

Executive commentary on the strategic acquisition

Torque's Managing Director, Cristian Moreno, expressed his satisfaction with the options, stating, 'Torque is pleased to announce the options, which pave the way for a significant expansion of its presence in the WA Goldfields through the acquisition of multiple titles with gold and lithium potential. This will increase Torque's project aggregation to approximately 1200km², thereby establishing it as a major high-quality tenement holder in the region.'

Summary of Torque Metals' strategic acquisition and future plans

Torque Metals Limited (ASX: $TOR) has strategically secured option agreements to acquire extensive tenements with gold and lithium potential in Western Australia, in line with its regional consolidation strategy. The acquisition is expected to significantly expand Torque's presence in the WA Goldfields, positioning the company as a major high-quality tenement holder in the region. The company aims to continue its focus on mineral exploration, particularly in lithium and gold, and pursue key milestones in the current year, including RC drill campaigns and maiden mineral resource estimates for the New Dawn Lithium Project and Paris Gold Project. Torque's ambitions to develop high-quality assets and explore other prospective opportunities in the resources sector underline its commitment to strategic growth and development.