Torian Resources Limited (ASX: TNR) (Torian or the company) is pleased to report yttrium anomalies in the area of ​​its Mt Stirling Central project.

Yttrium is associated as a key indicator of rare earth mineral potential in critical metal exploration. As part of the Company’s ongoing systematic exploration of Mount Stirling Gold Project, a total of 151 AV DHs systematically targeted the Arktos Fault and structures adjacent to the Wishbone Prospect for Arsenic and Au vectoring scouts. Field reconnaissance work confirmed the presence of potential breccias in the Proterozoic granites and outcrops, where the potential for a structural model of rare earth minerals was also recognized.

The emphasis on the presence of yttrium was confirmed by pXRF processing of ground surface points to guide AV drilling, for gold exploration. Subsequently, oxide intervals in the AV drill samples revealed the enrichment of discrete yttrium anomalies on a broad scale of 1 km. 36 AV DH were determined to contain a peak interval counter >100 ppm yttrium (pXRF), with a peak of 521 ppm yttrium (MSAV0878). 170 (>100 ppm pXRF Yttrium) 1 m intervals from 41 AV holes have been submitted and are awaiting multi-element analysis (including analysis of the rare earth analysis suite). The Company expects confirmation of yttrium and rare earth elements by the end of the month. Executive Director of Torian, Mr. Peretz Schapiro said: “The discovery of this significant and potentially significant rare earth anomaly on our terms of reference provides further affirmation of our methodical and systematic exploration strategy underway at Mount Stirling Gold Project. AV samples have already been sent for multi-element testing and we look forward to laboratory confirmation within two weeks. If these results provide us with positive confirmation, we will seek to develop this potentially large target with a rare earth exploration program beginning as soon as possible.

We are excited to potentially add a rare earths project to our development plans in the Mount Stirling Gold Project. Rare earth supply shortages have been well documented and have led to significant price increases in the industry.

These increases appear to be happening at a much faster rate than even some of the most optimistic forecasts from just a few months ago.

All credit goes to our exploration team, expertly led by Mr. Claudio Sheriff Zegers, who patiently followed our exploration strategy of continuous and sometimes tedious pXRF soil screening, followed by vacuum auger drilling and sampling. This led to today’s discovery in addition to the discovery of at least 5 high priority gold targets where primary gold was subsequently confirmed.

rare earth elements

The importance of REEs is essential in high technology, with uses in renewable technologies through electronics and lighting, electric vehicles, powerful magnets, wind turbines, displays, robotics, glass lenses and optics, automotive catalytic converters, batteries and steel alloys, and defence/military systems and applications. Although rare earths are abundant in the earth’s crust, exploitable concentrations are less common, resulting in rare earth deposits and favorable metallurgical extraction that is extremely valuable and strategic.

Heavy rare earths (HREE)

Samarium; Europium; Gadolinium; Terbium; Dysprosium; holmium; Erbium; Thullium; Ytterbium; Yttrium Torian looks forward to confirmation by laboratory analysis of the presence of yttrium in the oxide, as he seeks to expand the footprint of surface and oxide yttrium with further pXRF fieldwork. Once the analyzes are received, the presence and ratio of heavy to light rare earths can be calculated, in order to understand the type of REE occurrence and the vector of potential mineralization accordingly. The Company’s goal remains to provide updated gold resources for the Project and to understand the scale and significance of MS Central’s critical rare earth potential.

Further details on the Company’s regional exploration will be presented in an upcoming Company announcement.

Contact:

Email: [email protected]

Web: www.resourcesandenergy.nsw.gov.au

About Torian

Torian Resources Ltd. (ASX: TNR) is a very active gold exploration and development company with an extensive portfolio of strategic lands comprising six projects and over 400 km-2 of tenure in the Goldfields region of Western Australia. All projects are close to excellent infrastructure and are within 50 km of major mining towns. Torian’s flagship Mount Stirling Project is located about 40 km northwest of Leonora, and neighboring 5 red Kind of Mine Hills. The region has recently produced approximately 14 million ounces of gold from mines such as tower hills, Son of Gwalia, Thunderbox, Harbor Lights and Gwalia.

Caution Regarding Forward-Looking Statements

This press release contains “forward-looking information” within the meaning of applicable securities laws. Generally, any statement that is not historical fact may contain forward-looking information, and forward-looking information can be identified by the use of forward-looking terminology such as “anticipates”, “expects” or ” does not expect’, ‘is planned’, ‘budget’ ‘planned’, ‘estimates’, ‘plans’, ‘intends’, ‘anticipates’ or ‘does not anticipate’, or ‘believes’ , or variations of these words and expressions or indicates that certain actions, events or results “may”, “could”, “would”, “could” or “will” be taken, “occur” or “will be achieved”.

Forward-looking information is based on certain factors and assumptions that management believes to be reasonable at the time such statements are made, including, but not limited to, continued exploration activities, gold prices and other metals, estimated initial and sustaining capital requirements, estimated labor costs, estimated mineral reserves and resources, assumptions regarding currency fluctuations, timing and amount future exploration and development expenditures, the receipt of required regulatory approvals, the availability of necessary project financing, permits and other assumptions and factors as set forth herein. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to differ materially from those expressed or implied by such forward-looking information, including but not limited to: risks associated with changes in gold prices; the sources and cost of electricity and water for the project; estimating initial capital requirements; lack of historical operations; labor cost estimates; general world markets and economic conditions; risks associated with exploration for mineral deposits; estimating the initial tonnage and grade of the mineral resources targeted for the project; risks associated with uninsurable risks arising during exploration; risks associated with currency fluctuations; environmental risks; the competition encountered to recruit experienced personnel; access to adequate infrastructure to support exploration activities; risks associated with changes to the mining regulatory regime governing the Company and the Project; completion of the environmental assessment process; risks relating to regulatory and approval delays; risks related to potential conflicts of interest; dependence on key personnel; financing, capitalization and liquidity risks, including the risk that the financing necessary to finance the continuation of the exploration and development activities of the project will not be available on satisfactory terms, if at all; the risk of potential dilution by the issuance of additional ordinary shares of the Company; the risk of litigation. Although the Company has attempted to identify important factors that cause results not to be as forecast, estimated or intended, there can be no assurance that such forward-looking information will prove to be accurate, as actual results and future events could differ materially from those provided for in this information. Accordingly, readers should not place undue reliance on forward-looking information. Forward-looking information is made as of the date of this announcement, and the Company does not undertake to update or revise any forward-looking information included herein, except in accordance with applicable securities laws.