Torque Metals initiated a $4.3 million funding drive to advance its key projects, including the New Dawn Lithium Project and the Paris Gold Project near Widgiemooltha, Western Australia.

The funding comprises a $3.8 million share placement and a drill-for-equity commitment of up to $500,000 from Topdrill.

The funding will expand exploration at New Dawn and continue diamond drilling at Paris following high-grade gold intercepts in 2023.

Torque also aims to establish a maiden mineral resource estimate for New Dawn and further estimates for Paris.