Torr Metals: Drill-Ready Kolos Project Set to Test Porphyry Potential Mid-2025

• Torr Metals' Kolos Project in southern British Columbia is a drill-ready, highway-accessible copper-gold porphyry target near major operating mines (New Afton, Highland Valley).
• A 3,000-meter maiden drill program is planned, beginning with the Bertha Zone, supported by high-grade surface samples and robust soil anomalies.
• The company has 42 million shares outstanding, a ~$6M market cap, and 25% insider ownership, presenting significant leverage for investors.
• All projects are located in infrastructure-rich, mining-friendly regions, with proximity to major players like Teck, New Gold, and Hudbay.
• Copper demand is rising globally due to electrification trends; Torr offers early-stage exposure in a supply-constrained environment.

Torr Metals (TSXV:TMET) is an early-stage exploration company targeting copper-gold porphyry and orogenic gold systems in Canada. With its flagship Kolos Project in southern British Columbia and additional assets in Ontario and northern BC, Torr is positioned to capitalize on rising demand for copper and gold. This investor summary outlines the company's asset base, exploration plans, strategic positioning, and potential for value creation as it advances toward its maiden drilling program.

Flagship Asset: The Kolos Copper-Gold Project

Torr’s principal asset is the Kolos Project, located along Highway 5 between Kamloops and Merritt, British Columbia. The project lies within close proximity to major producing mines, including New Gold’s New Afton deposit (27 km north) and Teck’s Highland Valley operation (24 km west). 

Surface sampling has returned high-grade copper values, including rock grab samples up to 8.48% Cu and historical trenching results of 12 meters grading over 1% Cu. An initial drill program of up to 3,000 meters is planned, starting at the Bertha Zone. This area is already permitted for drilling and will be further refined with upcoming IP surveys. CEO Malcolm Dorsey notes, 

“We know there’s a soil anomaly. We know there’s high-grade grab samples. Now we do some IP to see what the subsurface holds and that’ll guide the first phase of drilling.” 

Strong Early Indicators of a Porphyry System

The Kolos Project exhibits hallmark indicators of a significant porphyry system. Torr has identified multiple zones - Bertha, Sonic, and Kirby-Lodi - with high-grade mineralization at surface, supported by large-scale geophysical and geochemical anomalies. For example, at the Kirby-Lodi Zone, Torr has defined a 1,300m by 800m geophysical signature coinciding with elevated copper and gold in soils and outcrops.

“We can see that there's copper-gold in outcrop. We can see that's in the soil... now we can also see in terms of the geophysics... suggesting a very large zone of hydrothermal alteration and mineralization.”

This multi-layered evidence supports Torr’s thesis that Kolos may host a meaningful copper-gold porphyry center, potentially of interest to surrounding majors facing feedstock shortages.

Infrastructure Advantage & Cost Efficiency

A major part of Torr’s value proposition lies in infrastructure accessibility. The Kolos Project and other assets are all road-accessible year-round, reducing operational costs and enabling rapid logistics. Emphasizing that crews can operate from nearby towns, Dorsey notes, 

“There’s not really a seasonality because of the accessibility. We don’t have any need for an exploration camp.” 

The Kolos site is only 30 minutes from a lab in Kamloops, allowing for quick assay turnaround during drilling. This logistical setup improves Torr’s ability to manage time, budget, and exploration timelines - a critical factor for early-stage companies.

Interview with CEO Malcolm Dorsey

Strategic Neighborhood: Surrounded by Majors

Torr’s flagship is not just infrastructure-rich - it’s in a hotbed of mining activity. The surrounding area hosts major players: Teck, New Gold, Hudbay, Fortescue, and Boliden have all staked ground nearby. 

“Shortly after staking the project, Fortescue moved in... Boliden has also staked up in that area.”

This proximity enhances the project’s strategic value. With nearby mills facing feed constraints and limited remaining mine life (New Afton: 6 years; Highland Valley: 15 years), a new discovery at Kolos could become a compelling acquisition or toll-milling candidate.

Secondary Assets: Optionality in Ontario & Northern BC

Torr’s Filion Gold Project in Ontario is a drill-ready orogenic gold project located adjacent to Highway 11 near Kapuskasing. The property features historical grab samples up to 91.4 g/t Au and newly defined soil anomalies grading up to 1.32 g/t Au. Torr is currently seeking a joint venture partner to advance this asset.

The Latham Project in northern British Columbia, another copper-gold porphyry target, is currently awaiting permitting. While sidelined for now, it remains part of the company’s long-term pipeline.

All three projects follow Torr’s consistent strategy: highway-accessible, organically acquired, and prospective for large-scale systems.

Tight Share Structure & Strong Insider Ownership

Torr’s capital structure is lean, with only 42 million shares outstanding pre-financing and a ~$6 million market cap. Insiders hold 25%, with CEO Malcolm Dorsey controlling 10%. The company is currently raising C$2 million to fund the Kolos drilling program.

This tight structure provides high leverage to exploration success. 

“We’re in pre-discovery phase valuation... so as we move towards this maiden drill program, there could be a significant rerating should we be successful.” 

The Investment Thesis for Torr Metals

• Pre-Discovery Leverage: Torr is entering its first drill campaign at Kolos with a ~$6M market cap and only 42M shares outstanding, offering high leverage to discovery.
• Infrastructure-Rich Location: All projects are road-accessible and near operating mines, reducing exploration cost and enhancing development optionality.
• Strategic Neighbors: Surrounded by majors facing feedstock constraints (Teck, New Gold, Hudbay, Fortescue, Boliden), improving takeover potential if a discovery is made.
• Tight Capital Structure: 25% insider ownership shows alignment; current C$2M financing is sufficient to fund maiden drilling at Kolos.
• Multi-Asset Portfolio: In addition to Kolos, Torr holds drill-ready projects in Ontario and northern BC, offering future optionality or JV potential.

The long-term macro backdrop for copper remains robust. Global electrification trends, particularly the expansion of EVs, renewable energy, and grid infrastructure, are fueling sustained demand growth. At the same time, the industry faces a shrinking pipeline of new discoveries and looming shortfalls at existing operations. As Dorsey notes, 

“We’re seeing the highest levels of gold. We’re seeing copper holding strong. And demand continues to increase.”

British Columbia, where Torr operates, is seeing renewed attention from global majors. Torr’s land package sits within an established copper-gold porphyry belt, and with major players like Fortescue, Boliden, Teck, and New Gold active nearby, the region is consolidating. Juniors with early-stage projects near these hubs may see growing interest as feedstock becomes a limiting factor.