Page 1

ASX ANNOUNCEMENT | 27 July 2026 torque JUNE 2026 QUARTERLY ACTIVITIES REPORT METALS Torque accelerates growth strategy with updated 351koz MRE , launch of “ Project RPM " and expanding exploration across the South Kalgoorlie Gold Camp HIGHLIGHTS Launch of Project RPM to accelerate growth at the Paris Gold Project • • Following the refresh of its leadership team , Torque launched Project RPM ( Rapid Path to one Million ounces¹ ) in early July - an integrated growth strategy aimed at rapidly expanding the Paris Gold Project into a significant high - grade gold camp The strategy combines systematic Mineral Resource growth plans , aggressive exploration and regional discovery drilling targeting a long - term aspiration of defining a 1.0Moz gold resource grading greater than 2.0g / t Au¹ across Torque's South Kalgoorlie Gold Camp Paris Project MRE grows 40 % to 351koz , strengthening the foundation for Project RPM • Updated June 2026 Mineral Resource Estimate ( MRE ) also released in early July , increasing the Paris Gold Project Global Resource to 3.47Mt @ 3.1g / t Au for 351,000oz , incorporating the Paris , HHH and Observation deposits • The Paris Deposit MRE increased by 67 % to 2.01Mt @ 3.8g / t Au for 253,000oz , providing a substantially larger and higher - confidence foundation for future resource growth and development studies . Significant conversion of Inferred material to the higher - confidence Indicated category reflects successful in - fill drilling and an improved geological understanding of the deposit Drilling continues to extend the Paris gold system • Ongoing in - fill and extensional drilling continued to confirm the scale and continuity of the high - grade Paris • Lower 2 ( PL2 ) lode , with mineralisation extended further down - plunge and still open in all directions Significant drilling results reported during the quarter included : ○ 17.1m @ 2.80g / t Au , including 6.4m @ 5.79g / t Au 13.3m @ 1.99g / t Au , including 7.3m @ 3.32g / t Au ○ 10.5m @ 4.18g / t Au , including 2.0m @ 15.83g / t Au ○ 1.4m @ 32.33g / t Au , including 0.4m @ 103.00g / t Au Regional exploration accelerates across South Kalgoorlie Gold Camp • . • Exploration drilling commenced at the newly named Catacombs Prospect , testing structural repetitions south of Paris that have the potential to host additional Paris - style mineralisation Diamond drilling at the Strauss Prospect improved geological understanding and confirmed shallow gold mineralisation , supporting ongoing evaluation of this priority regional target Geological reviews continued across the Company's extensive South Kalgoorlie tenure to identify additional opportunities capable of supporting future Resource growth ¹Refer to the " Aspirational Statement " section in the Important Notices and Disclaimer section of this announcement below TORQUE METALS LIMITED | ASX : TOR PO BOX 27 , WEST PERTH WA 6872 ABN 44 621 122 905 torquemetals.com