TORIAN RESOURCES LIMITED(TNR)

The suspension of trading in the securities of Torian Resources Limited will be lifted from the commencement of trading on Tuesday, 16 March 2021, following the release by TNR of an announcement regarding a share subscription agreement.

ï‚· Subject to certain conditions, Torian has entered into an agreement to take a lowrisk equity position in BullionFX Limited, the management company developing a gold backed cryptocurrency. Torian will subscribe for US$1M of BullionFX equity representing a 2.5% interest in BullionFX. Torian will engage with BullionFX as a key advisor over two cryptocurrency project developments in exchange for 10 million advisory shares. Mt Stirling assay results imminently due. Mt Stirling interim resource update on track to be delivered by end of the month.

The voluntary suspension of the company's securities will remain whilst the proposed transaction is considered by ASX, which has yet to occur but is anticipated to be considered today, 10 March 2021. The company anticipates the voluntary suspension remaining in place until the earlier of the release of an announcement regarding the share subscription agreement or Monday, 15 March 2021.

The company releases an Appendix 2A.

Torian has extended an exclusive call option agreement to purchase the 172,662Ha (424,748Ac) Tarmoola Station and "Carhill Contracting", a mining services business operated from the Station for a further two months. Option fee will be deducted from final purchase price. Discussions with financiers (including big 4 banks) indicates that a majority of the purchase may be debt funded and non-dilutionary. Station acquisition to help fast track further exploration and potential mining operation at the Mt Stirling Gold Project. Tarmoola Station is 50% covered by mining / exploration leases, including operating and abandoned mines. Agreement includes the purchase of the following cash flow positive businesses with cumulative free cash flow of ~$1,000,000 p.a. As owners of the station, Torian would receive continuing carbon credits valued at approximately $360,000 per annum. Torian still awaiting results from 60 drill holes from Mt Stirling, Stirling Well and Diorite. Interim JORC resource update for Mt Stirling on track to be delivered in Q1 2021.

The company releases an Updated Top 20 Shareholder & Option Holder List.

The voluntary suspension of the company's securities will remain whilst ASX considers the proposed transaction, which is anticipated to occur on Friday, 5 March 2021. The suspension is anticipated to remain in place until the earlier of the release of an announcement regarding the share subscription agreement or 9 March 2021.

The securities of Torian Resources Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of TNR, pending the release of an announcement regarding a share subscription agreement.

The securities of Torian Resources Limited will be reinstated to Official Quotation as from the commencement of trading on Thursday, 9 April 2020 following lodgement of its Annual Report for the year ended 31 December 2019.

The company releases an Appendix 3G.

The company releases an Appendix 4G & Corporate Governance Statement.

The company lodges its Annual Report to shareholders.

Torian is committed to the safety and wellbeing of its workers and contractors and has implemented measures in line with government advice including cancelling all non-essential travel, work-from-home where practicable, enforcing self-isolation polices when appropriate and encouraging distancing limits at workplaces and at home. Torian advises that disruption caused from the coronavirus pandemic, both within the company and by the company's auditor, audit completion has been delayed. The company anticipates being in a position to lodge its audited financials statements for the full year period ending 31 December 2019 by no later than mid-April and will update shareholders on timing of lodgement as events unfold. The company will defer setting a date for convening the Annual General Meeting until completion of the audit. In accordance with ASIC's Guideline 20-068MR the company may seek to defer the meeting date beyond May 2020.

The company's securities will be suspended from Official Quotation in accordance with Listing Rule 17.5 from the commencement of trading today, 16 March 2020, following its failure to lodge the relevant periodic report by the due date.

The suspension of trading in the securities of Torian Resources Limited will be lifted from the commencement of trading on Monday, 7 October 2019, following the release by TNR of an announcement regarding a farm-out and joint venture agreement

The company has entered into two landmark joint venture farm-in agreements and strategic collaboration with Dampier Gold. Farm-in joint venture agreements give Dampier Gold the right to acquire: up to 75% of Torian's Zuleika Project by spending $4M on staged exploration; and up to 50% of Torian's Credo Well Project by spending $2M on staged exploration. Agreement includes consolidation of tenements near Zuleika owned by Dampier Gold. Torian retains significant exposure to future exploration success via retained project equity, a clawback right at Zuleika and the issue of 10M options in Dampier Gold. Dampier Gold to make strategic investment in Torian via $500,000 loan, convertible into shares. Agreement reduces Torian's annual tenement expenditure commitments by ~$800,000. Allows Torian to focus its resources on gold exploration on its highly prospective Leonora region projects, as well as other projects in the Kalgoorlie region.

The securities of Torian Resources Limited will be suspended from quotation immediately under Listing Rule 17.2, at the request of TNR, pending the release of an announcement.

The suspension of trading in the securities of Torian Resources Limited will be lifted immediately following receipt of an announcement.

The company announces the completion of a A$1.2 million placement to sophisticated and professional investors. The equity raising received demand from two new US institutions. APP Securities Pty Limited acted as the Lead Manager to the placement and Jett Capital as North American advisor. Torian is now funded to continue its exploration at its Zuleika project.

The company lodges its Quarterly Activities Report.

The company lodges its Quarterly Cashflow Report.

The securities of Torian Resources Ltd will be suspended from official quotation immediately at the request of the Company, pending the release of an announcement.

we understand that on or about this date the company consolidated its shares 1 for 33

name changed from Torian Resources NL