TORQUE METALS LIMITED.. — Investor Presentation 2025

May 5, 2025

ASX: TOR

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CORPORATE PRESENTATION | MAY 2025

CAUTIONARY STATEMENT

THIS PRESENTATION CONTAINS SUMMARY INFORMATION ABOUT TORQUE METALS LIMITED (ACN 621 122 905) (“TORQUE OR “THE COMPANY”) AND ASTON MINERALS LIMITED (“ASTON”). THE INFORMATION IN THIS PRESENTATION IS OF GENERAL BACKGROUND AND DOES NOT PURPORT TO BE COMPLETE.

This Presentation, including the information contained in this disclaimer, is not a prospectus and does not constitute an offer to sell, or the solicitation of an offer to buy, nor shall there be any sale of securities in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful under applicable law, including the United States Securities Act of 1933, as amended (US Securities Act). Securities have not been registered under the US Securities Act or any US state securities laws and may not be offered or sold in the United States, an absent registration or an applicable exemption from registration under the Securities Act and applicable state securities laws.

The Company has prepared this Presentation based on information available to it at the time of preparation. All exploration results within this presentation have been previously reported, there is no new information or data materially affecting the exploration results. None of the Relevant Persons have independently verified the data contained in this Presentation. The information contained in this Presentation does not purport to be comprehensive. No representation nor warranty is made as to the fairness, accuracy or completeness of the information, opinions and conclusions contained in this Presentation or any other information provided by the Company.

You cannot assume that the information in this Presentation will be updated at any time subsequent to the date of this Presentation. The distribution of this Presentation does not constitute a representation by any Relevant Person that the information will be updated at any time after the date of this Presentation. Except to the extent required by law, no Relevant Person undertakes to advise any person of any information coming to their attention relating to the financial condition, status or affairs of the Company. To the maximum extent permitted by law, the Relevant Persons are not liable for any direct, in director consequential loss or damage suffered by any person as a result of relying on this Presentation or otherwise in connection with it.

NOTE AN OFFER

This presentation is for information purposes only. The presentation does not comprise a prospectus, product disclosure statement or other offering document under Australian law (and will not be lodged with ASIC) or any other law. This presentation also does not constitute or form part of any invitation, offer for sale or subscription or any solicitation for any offer to buy or subscribe for any Securities nor shall they or any part of them form the basis of or be relied upon in connection therewith or act as any inducement to enter into any contract or commitment with respect to Securities.

STATEMENTS OF NUMBERS AND FINANCIAL PERFORMANCE

All financial amounts contained in this Presentation are expressed in Australian currency, unless otherwise stated. Any discrepancies between totals and sums of components in tables contained in this Presentation are due to rounding.

REPORTING OF MINERAL RESOURCES AND RESERVES

This Presentation includes mineral resource information prepared by “competent persons” in accordance with the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves (JORC Code). Where used in this Presentation, the terms “resource”, “reserve”, “proven reserves”, “probable reserves”, “inferred resources”, “indicated resources” and “measured resources” have the meanings given to them in the JORC Code.

FORWARD-LOOKING STATEMENTS

This Presentation contains forward-looking statements concerning the Company’s business, operations, financial performance and condition as well as the Company’s plans, objectives and expectations for its business, operations, financial performance and condition. Any statements contained in this Presentation that are not of historical facts may be deemed to be forward-looking statements. You can identify these statements by words such as “aim”, “anticipate”, “assume”, “believe”, “could”, “due”, “estimate”, “expect”, “goal”, “intend”, “may”, “objective”, “plan”, “predict”, “potential”, “positioned”, “should”, “target”, “will”, “would” and other similar expressions that are predictions of or indicate future events and future trends. These forward-looking statements are based on current expectations, estimates, forecasts and projections about the Company’s business and the industry in which the Company operates and management’s beliefs and assumptions.

These forward-looking statements are not guarantees of future performance or development and involve known and unknown risks, uncertainties and other factors, many of which are beyond the Company’s control. As a result, any or all of the forward-looking statements in this Presentation may turn out to be in accurate. Factors that may cause such differences or make such statements in accurate include, but are not limited to, the risk factors described in this Presentation. Readers of this Presentation are urged to consider these factors carefully in evaluating the forward-looking statements set out in this Presentation and are cautioned not to place undue reliance on such forward-looking statements. Unless required by law, the Company does not intend to publicly update or revise any forward-looking statements to reflect new information or future events or otherwise.

These forward-looking statements speak only as at the date of this presentation. Save as required by applicable law or regulation the company expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statements contained herein to reflect any change in the company’s expectations with regard thereto or any change in events, conditions or circumstances on which any such statements are based. As a result of these factors, the events described in the forward-looking statements in this presentation may not occur. Nothing in this Presentation constitutes the provision of financial or legal advice.

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A STANDOUT ASSET, PRIMED FOR RAPID RESOURCE GROWTH

NORTHEN STAR-KCGM

6”Super Pit” 31,6 Moz @ 1.4g/t Au

.

356891247Refer to ASX: AAR Announcement dated 18 November 2024 – Noosa Mining Conference PresentationRefer to ASX: MXR Announcement dated 7 November 2024 – AGM PresentationRefer to ASX: WGX Announcement dated 16 September 2024 – 2024 mineral resource estimate and ore reservesRefer to NYSE:GFI Gold Fields Mineral Resources and Mineral Reserves Supplement 2018Refer to Vault Minerals Web Page, Operations, Mount Monger Operations. 24 November 2024Refer to ASX:NST Announcement dated 02 May 2024 – Annual Mineral Resources and Ore Reserves StatementRefer to NYSE:GFI Gold Fields Australia Site Visit: St Ives Gold Mine, 14 July 2014. (Page 20)Refer to Minerals 260 Web Page, Bullabulling Gold Project. Bullabulling Mineral Resource Estimate as of December 2024Refer to ASX:TOR Announcement dated 18 September 2024 - Paris Gold Project – Mineral Resource Estimate ¹ºRefer to ASX:TOR Announcement dated 17 December 2024 - Paris Gold Project – Outstanding Gold Recoveries

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MINERALS 260
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8 Bullabulling: 2.3 Moz @ 1.2g/t Au
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VAULT MINERALS

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5Mount Belches 1.7 Moz @ 3.3 g/t Au
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WESTGOLD
3Beta Hunt
2.6 Moz @ 2.69g/t Au
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GOLDFIELDS
4Invincible Deeps GOLDFIELDS
516 Koz @ 5.46 g/t Au 7Victory – Defiance – Leviathan
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7Victory – Defiance – Leviathan
~ 3.7 Moz
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LUNNON
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ASTRAL
MAXIMUS 1 1,2 Moz @ 1.1g/t Au GOLDFIELDS GOLDFIELDS
2 335 Koz @ 1.5g/t Au 7 ~ 3.7 MozArgo – Apollo - Hamlet – Athena
BALD HILL
Processing plant
9
10
PARIS GOLD CAMP
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PRIME ASSETS IN PROLIFIC WA GOLD BELT

~1200 km[2 ]

SIGNIFICANT GOLDFIELDS LANDHOLDING

Beta Hunt, Invincible, Higginsville, St. Ives, Bald Hill PROXIMATE TO KEY PROCESSING INFRASTRUCTURE

14 ML’s, 2 PL’s, 48 EL’s DEVELOPMENT-READY

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PARIS GOLD PROJECT: OPEN RESOURCE, SHALLOW DEPTH

250,000 @ 3.1g/t MINERAL RESOURCE ESTIMATE A$3,000/Oz ² Open pit: 190,000 @ 2.9g/t Au Underground: 60,000 @ 3.8g/t Au

New drilling extending MRE, results inc. 15m @ 12.57 g/t Au ³

EXTENSIVE AND PROSPECTIVE LAND AREA

Majority of drilling is shallow with 90% of the project with limited modern exploration. 2.5km² explored of 350km²

>96% METALLURGICAL RECOVERY RATE¹

Consistent, high recovery rates achieved since the commencement of exploration.

1Refer to ASX:TOR Announcement dated 17 December 2024 -- “Paris Gold Project – Outstanding Gold Recoveries”

2Refer to ASX Announcement dated 18 September 2024 – “Paris Gold Project – Mineral Resource Estimate”

3Refer to ASX Announcement dated 7 November 2024 – “15m @ 12.57 g/t gold intercept at Paris”

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ALL-TIME INTERCEPTS AT PARIS SPEAK FOR

TOP INTERCEPTS: PARIS GOLD DEPOSIT	TOP INTERCEPTS: PARIS GOLD DEPOSIT	TOP INTERCEPTS: PARIS GOLD DEPOSIT
Grade	g.m	Hole ID
35m@14.12 g/t gold from 157.85m	494.2	23PRCDD076
10m@46.6 g/t Au from 95m	466	DHD530
27m@10.7 g/t Au from 177m	288.9	22PRC040
22.15m@12.14 g/t gold from 188.27m	268.901	24PDD005
24m@10.7 g/t Au from 141m	256.8	21PRC025
39m@6.05 g/t gold from 175m	235.95	22PRC053
15m@12.57 g/t gold from 215m	188.55	24PRC160
13m@11.64 g/t Au from 61m	151.32	22PRC038
14m@10.7 g/t Au from 111m	149.8	PD-8
16.3m@7.95 g/t gold from 272m	129.585	24PDD001
2m@59.35 g/t Au from 204m	118.7	22PRC056
14.76m@7.6g/t from 168.13m	112.176	23PRCDD077
27m@3.96 g/t Au from surface	106.92	23PRC090
6m@15.2 g/t Au from 123m	91.2	21PRC021

• ⁷Refer to ASX: TOR Announcement dated 7 Nov 2024 – “15m @ 12.57 g/t gold intercept at Paris”

• ¹Refer to ASX:TOR Announcement 05 Jul 2023: “Paris Delivers 185g/t Bonanza Gold Interval”.

• ⁸Refer to ASX: TOR Announcement dated 16 Nov 2022 – “Drilling Set To Recommence At 2.5km Paris Gold Camp”.

• ²Refer to ASX:TOR Announcement 21 Feb 2022: “Emerging High-Grade Gold Zone Adjacent To Paris Pit”.

• ⁹Refer to ASX: TOR Announcement dated 10 Aug 2022 – “Drilling Re-Commences At Paris Gold Project”.

• ³Refer to ASX:TOR Announcement 08 Sep 2022: “Exceptional Wide High-Grade Gold Demonstrates Strong Growth Potential At Paris Project”.

• ¹⁰Refer to ASX:TOR Announcement dated 17 Jun 2024 – “Strong Gold Results Extend Prospects, Bolstered by Shallow Discovery”

• ⁴Refer to ASX:TOR Announcement 27 Aug 2024: “Robust First Iteration Of Results From Diamond Drilling At Paris Gold Project, RC Drilling underway”.

• ⁵Refer to ASX:TOR Announcement 18 Oct 2021: “New High-Grade Discovery At Paris Gold Mine High-Grade Gold Confirmed Below And Adjacent To Existing Pits”.

¹¹Refer to ASX:TOR Announcement dated 23 Feb 2023– “Multiple One Ounce Per Tonne Intercepts At ‘Paris Gold Camp’”

• ¹²Refer to ASX:TOR Announcement dated 28 Aug 2023– “Strong Gold Intersections at Paris Gold Camp”.

• ⁶Refer to ASX:TOR Announcement 02 Feb 2023: “Further High-Grade Gold Intersections Supports ‘Paris Gold Camp’ In WA Gold Fields”.

TOP INTERCEPTS: OBSERVATION	TOP INTERCEPTS: OBSERVATION	TOP INTERCEPTS: OBSERVATION
Grade	g.m	Hole ID
9m@11.52g/t Au from 63m	103.68	21ORC009
4m@15.86 g/t Au from 57m	63.44	21ORC031
6.81m@7.59 g/t gold from 58.29m	51.6879	24ODD002
6m@8.45 g/t Au from 51m	50.7	21ORC036
16m@2.73 g/t Au from 18m	43.68	23ODD001
9m@3.98 g/t Au from 21m	35.82	21ORC008
6m@5.58g/t Au from 42m	33.48	21ORC003
3m@9.87 g/t Au from 72m	29.61	21ORC037
9m@2.96 g/t gold from 21m	26.64	21ORC010
9m@2.68 g/t Au from 21m	24.12	21ORC019
10m@2.36 g/t Au	23.6	OBS_012
9m@2.28 g/t Au	20.52	OBS_009

TOP INTERCEPTS: HHH	TOP INTERCEPTS: HHH	TOP INTERCEPTS: HHH
Grade	g.m	Hole ID
16m@4.19 g/t gold from 66m	67.04	24HRC087
12m@4.29 g/t gold from 69m	51.48	24HRC086
15m@3.12 g/t Au from 15m	46.8	21HRC023
9m@3.47 g/t Au from 30m	31.23	21HRC018
2 m 11.89 g/t Au from 18m	23.78	DHD507

• ¹Refer to ASX:TOR Announcement dated 17 June 2024– “Strong Gold Results Extend Prospects, Bolstered by Shallow Discovery”

• ²Refer to ASX:TOR Announcement dated 27 January 2022. – “New Gold Discovery At Paris Project”

• ³Refer to ASX:TOR Announcement dated 20 January 2022 – “Outstanding Gold Intercepts from Paris Project”

• ⁴Refer to ASX:TOR Announcement dated 18 August 2021 – “Broad, high-Grade Gold Hits at Paris”

• ⁵Refer to ASX:TOR Announcement dated 28 June 2022 – “A Vibrant Australian Gold Explorer”

• ⁶Refer to ASX:TOR Announcement dated 05 July 2023 – “Paris Delivers 185g/t Bonanza Gold interval”

HIGH-GRADE GOLD MINERALISATION Paris Gold Project – A Vastly Unexplored Treasure

A LOT FURTHER TO GO

Majority of drilling is shallow, deepest hole ~200m with multiple drilling intercepts not included in the existent MRE

MINERALISATION STYLE

Quartz veins with sulphides (pyrrhotite, chalcopyrite) + visible gold mineralisation

>96% METALLURGICAL RECOVERY RATE¹

Consistent, high recovery rates achieved since the commencement of exploration

GRAVITY RECOVERY¹

Gravity recovery up to 68.8% of total gold recovery by the Knelson Concentrator prior to cyanide leaching

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1Refer to ASX:TOR Announcement dated 17 December 2024 -- “Paris Gold Project – Outstanding Gold Recoveries”

2Refer to ASX Announcement dated 18 September 2024 – “Paris Gold Project – Mineral Resource Estimate”

High-grade ore shoots are consistently linked to zones of massive pyrrhotite mineralisation, accompanied by quartz clasts and visible gold — as demonstrated in drillholes 24PDD001 and 23PRCDD076, which returned 16.3m @ 7.95 g/t Au and 35m @ 14.12 g/t Au, respectively.

3Refer to ASX Announcement dated 7 November 2024 – “15m @ 12.57 g/t gold intercept at Paris”

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MET TESTWORK

High total gold recoveries, from 90.9% to 99.7%.

Strong gravity recoveries, from 39.9% to 68.8%.

Cyanide & lime consumption are low-moderate, all deposits.

Recovered grade significantly higher than reported assayed grade.

Works support conventional gravity + CIL flowsheet with low reagent consumption, high metallurgical performance.

METALLURGICAL ANALYSIS, RESULTS CONFIRM FREE MILLING GOLD, LARGELY RECOVERABLE VIA GRAVITY SEPARATION

Deposit	Year	Gravity Recovery (%)	Total Gold Recovery (%)	Recovered Head Grade (g/t)	Assayed Head Grade (g/t)	Residual Grade	48 Hour Cyanide Consumption (kg/T)	48 Hour Lime Consumption (kg/T)
Paris	20241	57.60%	96.10%	7.69	6.07	0.27	0.727	0.39
Observation		51.80%	90.90%	3.57	2.48	0.32	0.99	0.85
HHH		68.80%	96.50%	1.43	0.46	0.05	0.21	0.26
Paris	20232	40.70%	96.70%	5.57	3.45	0.18	0.43	0.34
Observation		39.90%	99.70%	2.35	2.46	0.01	0.15	1.61
GRIND SIZE (P80) (µm)		106
Nacn Initial/Maint ained (Ppm)		500/300
Dissolved Oxygen (mg/L)		5-10

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2Refer to ASX:TOR Announcement dated 27 September 2023 – “Exceptional Gold Recoveries in Paris Project Metallurgical Testwork”

EM

MULTIPLE EM CONDUCTORS IDENTIFIED COINCIDENT AND ADJACENT OF KNOWN GOLD MINERALISATION

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152,000 OZ @ 4.3 G/T GOLD OF 250,000 OZ @ 3.1 G/T GOLD

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CORPORATE PRESENTATION

PARIS GOLD

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CONDUCTOR PLATE 1
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CORPORATE PRESENTATION

PARIS GOLD

CONDUCTOR PLATE 2

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CORPORATE PRESENTATION

HHH

73,000 OZ @ 2 G/T GOLD OF 250,000 OZ @ 3.1 G/T GOLD

RESOURCE CLASSIFICATION

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97Kt @ 3.3g/t gold for 10,000 ounces (14%) classified as Indicated.

1048Kt @ 1.9g/t gold for 63,000 ounces (86%) classified as Inferred.

• ¹Refer to ASX:TOR Announcement dated 23 October 2024 – “Drilling Results From Paris Gold Project”

• ²Refer to ASX:TOR Announcement dated 28 August 2023– “Strong Gold Intersections at Paris Gold Camp”

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• ³Refer to ASX:TOR Announcement dated 17 June 2024– “Strong Gold Results Extend Prospects, Bolstered by Shallow Discovery”

• ⁴Refer to ASX:TOR Announcement dated 27 January 2022. – “New Gold Discovery At Paris Project”

• ⁵Refer to ASX:TOR Announcement dated 18 September 2024 – “Paris Gold Project – Mineral Resource Estimate”

• ⁶Refer to ASX:TOR Announcement dated 28 October 2021 – “Quarterly Activities Report Ending 30 September 2021”

• ⁷Refer to ASX:TOR Announcement dated 18 October 2021 – “New High-Grade Discovery at Paris Gold Mine”

• ⁸Refer to ASX:TOR Announcement dated 23 June 2021 – “Prospectus”

• ⁹Refer to ASX:TOR Announcement dated 28 June 2022 – “A Vibrant Australian Gold Explorer”

CORPORATE PRESENTATION

OBSERVATION

25,000 OZ @ 2.8 G/T GOLD OF 250,000 OZ @ 3.1 G/T GOLD

RESOURCE CLASSIFICATION

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225Kt @ 2.7g/t gold for 19,000 ounces (76%) classified as Indicated.

54Kt @ 3.5g/t gold for 6,000 ounces (24%) classified as Inferred.

• ¹Refer to ASX:TOR Announcement dated 23 October 2024 – “Drilling Results From Paris Gold Project”

• ²Refer to ASX:TOR Announcement dated 28 August 2023– “Strong Gold Intersections at Paris Gold Camp”

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• ³Refer to ASX:TOR Announcement dated 17 June 2024– “Strong Gold Results Extend Prospects, Bolstered by Shallow Discovery”

• ⁴Refer to ASX:TOR Announcement dated 27 January 2022. – “New Gold Discovery At Paris Project”

• ⁵Refer to ASX:TOR Announcement dated 18 September 2024 – “Paris Gold Project – Mineral Resource Estimate”

• ⁶Refer to ASX:TOR Announcement dated 20 January 2022 – “Outstanding Gold Intercepts from Paris Project”

• ⁷Refer to ASX:TOR Announcement dated 18 August 2021 – “Broad, high-Grade Gold Hits at Paris”

• ⁸Refer to ASX:TOR Announcement dated 24 May 2022 – “Further Wide High-Grade Gold Intercepts at Paris”

• ⁹Refer to ASX:TOR Announcement dated 16 Nov 2022 – “Drilling Set to Recommence at 2.5km Paris Gold camp”

CORPORATE PRESENTATION

EXPLORATION TIMELINE: PARIS GOLD PROJECT

  - **1914 1920 1957 - 1963 1981** • • •

  - Gold discovered in Paris by Paris gold mine project was Northern Minerals acquired Esso exploration acquired prospectors E.W. French and T. floated Paris and actively mined Paris Paris, completed until production ceased geophysical activities and

  - • Underground mining performed in trenching sampling 7 shafts at a maximum of 30m

• Gold discovered in Paris by prospectors E.W. French and T. F. Thompson

• 2000 1990 1989 1984

• • WMC resources drill the HHH • Billiton Australia Jones Mining • Julia Mines entered into an option to 2012 • Aztec exploration conducted various prospect intersecting multiple conducted exploration activities acquire Paris exploration activities to the north of mineralised veins Paris, HHH and Observation • • Included gridding, geological Geological mapping, sampling, traverse auger soils around aeromagnetic geophysics conducted Observation prospect • Julia developed Paris, Producing: o 24Koz gold, 17Koz of silver and 245t copper

• 2008 2016 2021

• • St. Ives Goldfields drilled 25 AC • Austral Pacific acquired Paris from St. Ives • Torque acquires the Paris Gold Project and lists drillholes in tailings and 148 Goldfields on ASX. shallow AC drillholes around Paris and HHH prospects • Project high-grade gold mined • Since acquisition, project expansion, lithium o Paris produced ~9.9Koz acquisition and Torque’s initial MRE o HHH produced ~10.4Koz

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A LOW-COST COMPANY IN A TIER-1 MINING JURISDICTION

PARIS GOLD POTENTIAL KEY INVESTOR HIGHLIGHTS

STRAUSS PROSPECT

Best result to date 8m @ 1.7 g/t from 64m Strauss Prospect is not included in the existent MRE

MAYNARDS DAM PROSPECT

Best result to date 5m @ 16.97 g/t from 21m Maynards Dam Prospect is not included in the existent MRE

TRIUMPH EAST PROSPECT

800m East of Goldfields operations, gold mineralisation identified from historical drilling

CROESUS, MUSA AND BELLEROPHON PROSPECTS

Strong magnetic, gravity and soil anomalies with values of gold up to 178ppb

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RAILWAY
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Refer to ASX Announcement dated 17 June 2024 – Strong Results, Bolstered by Shallow Discovery Refer to ASX Announcement dated 18 September 2024 – Paris Gold Project – Mineral Resource Estimate

NEW DAWN GOLD POTENTIAL KEY INVESTOR HIGHLIGHTS

PROXIMITY TO PROVEN DEPOSITS

Adjacent of Mount Belches Mining Centre, 50 km south-east of Kalgoorlie, within the Goldfields Region of Western Australia.

ESTABLISHED HIGH-GRADE GOLD-BEARING JURISDICTION

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PRYDE PROSPECT
RUMBLES PROSPECT
LUNA PROSPECT
MOUNTBELCHES
VAULT MIREINERALS
1,765koz @3.3 g/t Au
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Mount Belches is a successful mining operations, proving the area’s geological potential and making it a target for continue exploration.

POTENTIAL FOR GOLD MINERALISATIONS

Mount Belches Mining Centre

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Vault Minerals (ASX: VAU) MRE 1,765koz @ 3.3 g/t Au¹

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GOLD CONFIRMED AT PRYDE PROSPECT

Drilling intersected mineralisation at Pryde Prospect. Archean geology suggests Mount Belches analogous gold system.

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RAILWAY
0km 5km
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1Refer to Vault Minerals Web Page, Operations, Mount Monger Operations. 24 November 2024

PENZANCE GOLD POTENTIAL

KEY INVESTOR HIGHLIGHTS

GRANTED TENEMENTS IN A TIER-1 GOLD REGION

70km South of Kalgoorlie, premier gold mining jurisdiction, surrounded by high-quality gold projects such as Invincible NYSE: GFI and Mandilla ASX: AAR.

PROVEN GOLD-BEARING REGION

Consistent, high recovery rates achieved since the commencement of exploration Proximity to active gold operations (Westgold, Goldfields) increasing likelihood of discovery and production success.

POTENTIAL FOR ANALOGOUS GOLD MINERALISATIONS

Astral (ASX: AAR) MRE: 11,265koz @ 1.1g/t Au¹

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Maximus (ASX: MXR) MRE: 335koz @ 1.5g/t Au²

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Westgold (ASX: WGX) Beta Hunt MRE: 2,647koz @ 2.69g/t Au³ Goldfields (NYSE: GFI) Invincible D. MRE: 516koz @ 5.46 g/t Au⁴

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1Refer to ASX: AAR Announcement dated 18 November 2024 – Noosa Mining Conference Presentation

2Refer to ASX: MXR Announcement dated 7 November 2024 – AGM Presentation

3Refer to ASX: WGX Announcement dated 16 September 2024 – 2024 Mineral Resource Estimate and Ore Reserves

4Refer to NYSE:GFI Gold Fields Mineral Resources and Mineral Reserves Supplement 2018

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WESTGOLD
Beta Hunt 2,647 Koz @2.69 g/t Au
INVINCIBLE
516Koz @5.46 g/t Au
PAGANINI PROSPECT
CHOPIN PROSPECT
ASTRAL
MAXIMUS
Mandilla1,265 Koz @1.1 g/t Au
335Koz @1.5 g/t Au
RAILWAY
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A COMPELLING

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BOARD OF DIRECTORS AND CAPITAL DISCIPLINE

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STRATEGIC TENURE WA GOLDFIELDS GREENSTONE BELT

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SURROUNDED BY ACTIVE PROCESSING PLANTS

Proven leadership and

~1,200km² of granted tenure in a premium mining jurisdiction

leases. Near Higginsville-Westgold, St. Ives-Goldfields processing

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HIGH-GRADE GOLD RESOURCE

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MULTI-SKILLED TECHNICAL PERSONNEL

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DIVERSIFIED, HIGH-IMPACT ASSET BASE

250,000oz @ 3.1 g/t gold initial and open gold resources

In-house capabilities across geophysics, geology, engineering, and mineral resources Multi-commodity portfolio including flagship Paris Gold project

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MERGER OF EQUALS TO CREATE A DIVERSIFIED, LEADING GOLD FOCUSED EXPLORER

ASSETS ON PROLIFIC GOLD BELTS

PROJECTS ON TWO PREMIER GOLD PROVINCES, WITH PROMINENT INFRASTRUCTURE Paris on the WA Boulder-Lefroy Fault, host to over 70Moz gold Edleston on the Abitibi Greenstone Belt, host to over 144Moz gold¹

RESOURCE GROWTH

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Paris 250,000 oz @ 3.1 g/t gold , ~1,200km², ~1% tested² Edleston 1,500,000 oz @ 1 g/t gold, ~310km², ~5% tested³ Both projects situated in underexplored, highly fertile terrene

EXPERIENCE

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Proven record of success in both exploration, development and production companies

LEVERAGE

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All high-record Australian gold price

¹Monecke Et Al, Archaean Base and Precious Metals Deposits, Southern Abitibi Greenstone Belt, Canada, Society of Economic Geologists 2017 v19, pp. 1-5.

²Refer to ASX:TOR Announcement dated 18 September 2024 – Paris Gold Project – Mineral Resource Estimate

³Refer to ASX:ASU Announcement dated 19 January 2023: Maiden Gold Mineral Resource of 1.5 Moz Au Delineated at Edleston Project, Ontario, Canada

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THE OPPORTUNITY THE RATIONALE THE OBJECTIVE

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THE BOARD

A PROVEN TRACK RECORD OF DELIVERING VALUE TO SHAREHOLDERS

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ANDREW WOSKETT

Non-Executive Chairman

• Over 40 years of project and corporate experience in the resources industry.

• Wealth of experience in bringing assets to development, having been responsible for evaluation, definition, promotion, financing and management of multiple resource projects.

• Fellow of the Australasian Institute of Mining and Metallurgy and has an engineering degree and Master's degree in Commercial Law.

CRISTIAN MORENO

Managing Director

• Expanded TOR’s landholding from ~143km² to ~1,200km² establishing Paris Gold camp and a 250koz initial gold resource.

• Led multiple discoveries, including Paris West, Eva and New Dawn.

• Experienced geologist and manager, with roles internationally and in Australia, over 10 years experience in mining/resources industries

• Holds degrees in Geology (Structural Geology), Engineering, MSc Geophysics, MBA (Finance), postgraduate studies in statistics and data science and currently pursuing a Master in Mining and Energy Law. AusIMM, AIM, AICD member

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TOLGA KUMOVA

Non-Executive Director

• Over 15 years’ experience in stockbroking, corporate finance and corporate restructuring, and has specialised in initial public offerings and capital requirements of mining focused companies.

• Raised more than $500 million for mining ventures, varying from inception stage through to construction and development.

• Previously Managing Director and founding shareholder of Syrah Resources Limited (ASX: SYR), an ASX200 graphite producer.

EVAN CRANSTON

Non-Executive Director

• Former corporate lawyer and experienced mining executive over 15 years experience with the mining industry.

• Instrumental in several successful recapitalisation and asset transactions with ASX listed companies including Bellevue Gold, Patriot Battery Metals, Boss Resources, Macro Metals, African Gold and Benz Mining.

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THE ASSETS

THE RESOURCE

250,000 ounces of

THE GOLD GRADES

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THE NEIGHBOURS

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THE RESOURCE

1,500,000 ounces of

THE GOLD GRADES

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THE NEIGHBOURS

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THE GEOLOGY

TWO PREMIER GOLD PROVINCES, WITH PROMINENT INFRASTRUCTURE

EDLESTON GOLD PROJECT

PARIS GOLD PROJECT

On the Cadillac-Larder fault, Ontario Canada, host over 75Moz Au and Abitibi Greenstone belt, over 144Moz Au of historic Gold production¹.

On the Bolder-Lefroy fault, WA Gold fields, host over 2,300t Au of historic production, Archean greenstone belts³.

Near key infrastructure, including the Higginsville/St Ives mills, <25km .

20km west of Young-Davison Gold mine: Production cost ~$1,440usd/oz , MRE 1,127koz @ 3.01g/t Au, P&P 3,261Koz @ 2.31g/t Au².

Consistent, high recovery rates achieved since the commencement of exploration,

>93% ⁴.

• ¹Monecke Et Al, Archaean Base and Precious Metals Deposits, Southern Abitibi Greenstone Belt, Canada, Society of Economic Geologists 2017 v19, pp. 1-5. ²Refer to Alamos Gold Inc Web Page, Operations, Young-Davidson Operations. 31 December 2023. ³Refer to Archean intrusion-related Au-Te and Cu-Au deposits in the Boulder Lefroy-Golden Mile fault system, Western Australia. Mueller, Andreas.

• ⁴Refer to ASX:TOR Announcement dated 17 December 2024 - Paris Gold Project – Outstanding Gold Recoveries

• 5Refer to ASX: AAR Announcement dated 18 November 2024 – Noosa Mining Conference Presentation

• 6Refer to ASX: MXR Announcement dated 7 November 2024 – AGM Presentation

• 7Refer to ASX: WGX Announcement dated 16 September 2024 – 2024 MINERAL RESOURCE ESTIMATE AND ORE RESERVES

• 8Refer to NYSE:GFI Gold Fields Mineral Resources and Mineral Reserves Supplement 2018

• 9Refer to Vault Minerals Web Page, Operations, Mount Monger Operations. 24 November 2024

• 10Refer to ASX:NST Announcement dated 02 May 2024 – Annual Mineral Resources and Ore Reserves Statement

• 11Refer to NYSE:GFI Gold Fields Australia Site Visit: St Ives Gold Mine, 14 July 2014. (Page 20)

• 12Refer to Minerals 260 Web Page, Bullabulling Gold Project. Bullabulling Mineral Resource Estimate as of December 2024

• 13Refer to Alamos Gold Inc Web Page, Operations, Young-Davidson Operations. 31 December 2023

• 14Refer to STLR GOLD Web Page, TOWER Gold Project, Technical Report, NI Report & Preliminary Economic Assessment to the Tower Gold Project. September 7, 2022.

• 15Refer to IAMGOLD Corporation Web Page, Operations, Reserves & Resources, 2023 Mineral Reserves and Resources

• 16Refer to Agnico Eagle Mines Limited Web Page, Operations, Macassa, See 2023-year end Mineral Reserves and Mineral Resources, Detailed Mineral Reserve and Mineral Resource Data (as at Deceember31, 2023)

• 17Refer to Pan American Silver Corp Web Page, Operations, Gold Segment, Timmins, Technical & Reserve Information.

• Copper Optionality of 30 Billion Pounds18Refer to Newmont Corp Web Page, Newmont News, Feb 22nd, Newmont Announces 2023 Mineral Reserves integrated Company of 136 Million Gold Ounces with Robust .

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PARIS GOLD PROJECT
Super Pit
10 31,6 Moz Au
Beta Hunt Mount Belches
Bullabulling Invincible 7 2,64 Koz Au 9 1,7 Moz Au
12 2,3 Moz Au 8 516 Koz Au
Victory – Defiance – Leviathan
11 ~ 3,7 Moz Au
Astral
5 1,2 Moz Au
Bald Hill
Maximus
6 335 Koz Au 8 10 Koz Au Lunnon
Argo – Apollo- Hamlet -Athena
11 ~ 3,7 Moz Au
Bell Creek EDLESTON GOLD PROJECT
Hoyle Pond
17 868 Koz Au Timmins 18 2,3 Moz Au Pocurpine 14 12,7 Moz Au Tower
Macassa
Young – Davidson 16 2,1 Moz Au
13 3,2 Moz Au
Cote
15 12,07 Moz Au
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A PROMISING NEW ACQUISITION IN A TIER-1 MINING JURISDICTION

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¹Refer to ASX:ASO Announcement 19 January 2023: Maiden Gold Mineral Resource of 1.5 Moz Au Delineated at Edleston Project, Ontario, Canada
²Refer to ASX:ASO Release “Further metallurgical testing of gold at Edleston Main Zone achieves up to 93.3% recovery”, 23 January 2024
³Refer to Alamos Gold Inc Web Page, Operations, Young-Davidson Operations. 31 December 2023
⁴Refer to STLR GOLD Web Page, TOWER Gold Project, Technical Report, NI Report & Preliminary Economic Assessment to the Tower Gold Project.
September 7, 2022⁵Refer to IAMGOLD Corporation Web Page, Operations, Reserves & Resources, 2023 Mineral Reserves and Resources PAN AMERICAN SILVER CORP
⁶Refer to Agnico Eagle Mines Limited Web Page, Operations, Macassa, See 2023-year end Mineral Reserves and Mineral Resources, Detailed Mineral
Reserve and Mineral Resource Data (as December 31, 2023)⁷Refer to Pan American Silver Corp Web Page, Operations, Gold Segment, Timmins, Technical & Reserve Information Bell Creek Gold Mine
⁸Refer to Newmont Corp Web Page, Operations & Projects, North America, Porcupine NEWMONT
TIMMINS Hoyle Pond Mine
NEWMONT
MONETA MONETA GOLD
Porcupine Gold reserves: 2,300koz @ 1.93g/t Au
Tower Gold Project [4] MRE: ~ 12,7Moz @ 1g/t Au
PAN AMERICAN SILVER CORP
Timmins [7] P&P 868koz @ 2.77 g/t Au M&I 200koz @2.64 g/t Au
KIRKLAND LAKE
AGNICO EAGLE MINES
Macassa [6] R&R 2,136Moz @ 13.11 g/t Au
EDLESTON GOLD PROJECT
MATACHEWAN
1 MRE 1,500,000oz @ 1 g/t Au
Shallow Mineralisation
2 ~93% metallurgical recovery ALAMOS GOLD
Young-Davidson [3] MRE 1,127 koz @ 3.01 g/t Au P&P 3,261 Koz @2.31 g/t Au
IAMGOLD
~310KM [2]
Cote [5] M&I ~ 12.07Moz @ 0.84 g/t Au
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MERGER PRESENTATION

EDLESTON GOLD PROJECT

KEY INVESTOR HIGHLIGHTS

1,500,000 @ 1g/t JORC RESOURCE¹

Systematic exploration controlled by IP geophysical anomalies

EXTENSIVE AND PROSPECTIVE LAND AREA

Project controlled by Aston, ~310km² in Abitibi Greenstone Belt, host of over 144Moz Au.³

>90% METALLURGICAL RECOVERY RATE ²

Consistent, high recovery rates achieved since the commencement of exploration

Abitibi Greenstone Belt

LOCATED IN A PREMIER GOLD PROVINCE

Near key infrastructure, including Timmins, Kirkland Lake, Sudbury mining districts and surrounded by mining projects such as Young-Davison Gold Mine.

• Located near key infrastructure, Timmins, Kirkland Lake and Sudbury mining jurisdictions. Ontario, Canada.

• Over 12km of prospective geology, only 540m tested

1Refer to ASX:ASO Announcement 19 January 2023: Maiden Gold Mineral Resource of 1.5 Moz Au Delineated at Edleston Project, Ontario, Canada

2Refer to ASX:ASO Release “Further metallurgical testing of gold at Edleston Main Zone achieves up to 93.3% recovery”, 23 January 2024 ³Monecke Et Al, Archaean Base and Precious Metals Deposits, Southern Abitibi Greenstone Belt, Canada, Society of Economic Geologists 2017 v19, pp. 1-5.

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RAILWAY
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EDLESTON

1,500,000 OZ @ 1.0 G/T GOLD

RESOURCE CLASSIFICATION

14Mt @ 0.9g/t gold for 400,200 ounces (29.1%) classified as Indicated.

34.1Mt @ 1.0g/t gold for 1,099,800 ounces (70.9%) classified as Inferred.

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¹Refer to ASX: ASO Announcement dated 31 October 2024 – September 2024 Quarterly Activities Report

RIU PRESENTATION

²Refer to ASX: ASO Announcement dated 19 December 2022 – High grade gold hangingwall mineralisation at Edleston Main & Sirola increases mineralised strike to 2km

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DISCOVERY AND EXPLORATION HISTORY
ASTON MINERALS
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2011 2012
• Dale’s Former Company 55 North • Secured Edleston • IP Surveys Identify • Reconnaissance Drilling Targets IP
Mining Inc Completed Structural Study Chargeability Anomalies Chargeability Anomalies
• Direct Pegging and Deals
• Interpreted Cadillac-Larder Fault Zone • ~30m Transported Cover • Initial Discovery Hole Intersects 63.6m
Extends through Project Masks Geochemical @ 0.85 g/t Au from 32.9m
Response
NO EXPLORATION FOR 8 YEARS
• Subdued gold price, Canadian market • High-grade Hanging Wall Target
focused on Crypto & Cannabis lack of Discovered
capital for explorers
• 6.3m at 68.5g/t Au Exploration Ends
after $11m Spent & 46Km Drilled
2020 2021
• Project Acquired by Aston • Maiden Drilling Program and MRE
• Ground Consolidation and Targeting conducted • Visible Gold Hit in Third Hole
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TORQUE METALS LIMITED ASX:TOR

torquemetals.com