TOR

TOR upgraded its Paris MRE by 67% to 351koz at 3.1 g/t Au (3.8 g/t at Paris deposit alone), with 42% now Indicated, underpinning a new 'Project RPM' growth strategy targeting 1.0Moz at >2.0 g/t across South Kalgoorlie. Drilling remains open in all directions and the company is advancing systematic in-fill and regional exploration to unlock a multi-deposit high-grade gold camp.

TOR has announced Project RPM, a exploration and resource growth strategy targeting a 1.0 Moz gold objective, but the announcement contains no new drill data, assay results, or updated mineral resource estimates—only a restatement of previously disclosed information and cautionary language. The strategy presentation appears designed to articulate a pathway to scale, though execution risk remains substantial given the exploratory stage and lack of near-term catalysts.

TOR substantially upgraded the Paris Deposit MRE to 253koz at respectable 3.8g/t—a 67% increase driven by 19km of drilling in 2026 alone, with improved geological confidence through conversion to Indicated category. New management has articulated an ambitious 'Rapid Path to 1Moz' strategy over 2 years, targeting systematic growth across a 57km strike length where the current 2.5km² resource represents early-stage upside.