- 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.