The Australian Taxation Office (ATO) has confirmed that JMEI credits of $1,488,500 – the maximum possible for financial year 2024/25 – have been allocated to Torque for potential distribution to eligible shareholders.
Checked the ATO:
What to do if you receive exploration credits | Australian Taxation Office (ato.gov.au)
No pay dirt here though.
EQUITY AGREEMENT Torque has entered into a drill for equity agreement with Topdrill Pty Ltd (Topdrill). The agreement allows Torque, at Torque’s election, to satisfy up to 50% of Topdrill’s drilling costs by the issue of ordinary Torque shares from its LR7.1 capacity, up to a maximum value of $1,000,000. The issue price will be referenced to the volume weighted average price for the 5 days prior to the date of invoice and will be subject to a voluntary 6- month escrow period
Trend 'not yah friend' Here on the chart
Go for Au:
Gold is element 79 and its symbol is Au. Though the name is Anglo Saxon, gold originated from the Latin Aurum, or shining dawn, and previously from the Greek. It's abundance in the earth's crust is 0.004 ppm.
Drill for equity agreement between Torque and Topdrill expanded. 100% of drilling costs invoiced by Topdrill to be paid in ordinary shares, revised up from $500,000 to $700,000, with a voluntary 6-month escrow period on the shares issued.
Discovery of high-grade gold deposits characterised by parallel structures spanning 2.5 kilometres by 1 kilometre, with strong expansion potential all directions. Best gold results in Figure 2
Return (inc div) 1yr: 22.22% 3yr: N/A 5yr: N/A
Bald Hill Lithium Mine and Gold Projects ..Neighbours the Minerals Resources MIN
So to keep Mining TOR will need some more cash by Sept /Dec 2024
6,500-meter reverse circulation (RC) and Diamond drilling campaign will commence this week at the Paris gold Project.
Paris and Observation gold recovery is ~40% via gravity concentration. o Paris achieved 96.79% and Observation reached 99.7% gold recoveries with cyanide leach testing. o Minimal cyanide soluble copper species pose no issue for gold recovery. o Cyanide consumption is low: Paris at 0.43kg/t and Observation at 0.165kg/t.
Return (inc div) 1yr: 14.29% 3yr: N/A 5yr: N/A
