Source: Torque Metals
The Market Online - At The Bell

Join our daily newsletter At The Bell to receive exclusive market insights

  • Torque Metals (TOR) kicks off due diligence drilling at the New Dawn lithium project in Western Australia
  • Rock chip samples collected in August revealed lithium grades of up to six per cent
  • The company aims to drill 22 holes for around 2700 metres, testing for lithium and tantalum
  • Torque has an option to acquire full ownership of the New Dawn project, located near the established Bald Hill operation
  • TOR shares last traded at 35 cents

Torque Metals (TOR) has kicked off drilling at the New Dawn lithium project in Western Australia.

The drilling comprises a planned 22 holes, spanning some 2700 metres, on the hunt for lithium and tantalum.

“Torque Metals has swiftly moved onto due diligence drilling at the New Dawn Lithium Project, to uncover the potential of newly acquired tenements located just 600m west along strike of the Bald Hill mine,” TOR Managing Director Cristian Moreno said.

The New Dawn project boasts two granted mining licences that are considered highly promising for spodumene, a crucial lithium source.

Torque Metals’ initial studies identified numerous pegmatite formations on the surface. In August 2023, the company collected rock chip samples, with some samples showing lithium grades as high as six per cent.

TOR shares last traded at 35 cents.

TOR by the numbers
More From The Market Online
The Market Online Video

ASX Market Close: Sentiment getting better with finish over 7,900pts

Good afternoon and welcome to HotCopper’s Market Close for Thursday, I’m Jonathon Davidson.It was another better-looking…
HotCopper Podcast Graphic which reads Episode 005 with copy about the markets being in the red.

Listen: HotCopper Podcast 005 – It’s red, red, red everywhere we look this week

In this HotCopper podcast episode, we talk through WA Labor's third-term victory and the mega-sized ASX…
The Market Online Video

ASX Market Open: Fed’s ‘two cut’ call shoots more hope into Week 12 rally | March 20, 2025

Futures say Australian shares will rise as much as 0.8% this Thursday morning, with a big jump at open likely to push th…
HotCopper Podcast Graphic which reads Episode 006 with copy about the markets being in the red.

Listen: HotCopper Podcast 006 – What comes first, the bear market or the election?

Welcome to this week’s HotCopper Wire, our market watch podcast!