FINWIRES · TerminalLIVE
FINWIRES

Torque Metals Identifies High-Grade Gold Mineralization Western Australia Gold Project, Shares Up 11%

By

Torque Metals (ASX:TOR) identified high-grade gold during recent drilling at its Paris gold project in Western Australia, with new mineralization intersected outside the current mineral resource estimates at both the Observation and HHH deposits, according to a Monday Australian bourse filing.

The results were up to 2.7 meters at 5.2 grams per tonne gold from 201.2 meters downhole, including 0.4 meters at 29.97 grams per tonne gold.

Exploration and growth drilling continues across the broader Paris project area, with Observation and HHH now a key focus for resource growth, in parallel with ongoing drilling targeting a potential additional lode at the Paris gold deposit, the filing added.

The company's shares rose 11% in recent Monday trade.

Related Articles

Asia

HD-Hyundai Marine Engine Enters KRW47.5 Billion Sales Contract

HD-Hyundai Marine Engine (KRX:071970) entered into a sales/supply contract worth 47.5 billion won with XIAMEN XMXYG SHIPBUILDING TRADING.The agreement became effective Friday and will expire Aug. 23, 2029.

KRX:071970
Asia

MediaTek's Consolidated Net Income Falls 12% in Q2

MediaTek's (TPE:2454) consolidated net income in the second quarter fell 12% year on year to NT$24.6 billion.Earnings per share in the quarter ended June 30 slipped to NT$15.28 from NT$17.50 a year earlier, according to a Friday filing.Revenue of the chip supplier in Q2 climbed 1.2% year over year to NT$152.2 billion.The company expects to post a consolidated revenue of around NT$152.2 billion to 159.8 billion in the third quarter.

TPE:2454
Asia

Xinyi Glass' Profit Climbs 17% in H1

Xinyi Glass (HKG:0868) recorded a 17% rise in attributable profit to 1.19 billion yuan for the first half of 2026 from 1.01 billion yuan a year prior.Earnings per share rose to 0.2672 yuan from 0.2325 previously, according to a Friday Hong Kong bourse filing.Revenue declined 3.1% to 9.52 billion yuan from 9.82 billion yuan in the year-ago period, mainly due to a drop in the average selling prices of float glass products.The glass manufacturing company declared an interim dividend of HK$0.15 per share for the period, payable on or around Sept. 30 to shareholders of record as of Aug. 19.

HKG:0868