The Malcolm Project is located approximately 20 kilometres east of Leonora. The Malcolm Project comprises 54 tenements covering an area of approximately 75 square kilometres.

Torian owns 100% of the Rabbit Warren South prospect and 51% interests in the Mt Stewart, Braemore, Malcolm and Mt George Prospects. Torian has the right to earn up to 90% of each of these Prospects under the terms of various joint venture agreements.

The Malcolm Project has received only superficial exploration to date, focusing on historic workings. Several reconnaissance RAB holes have intersected anomalous values away from the historic workings. Many of these have not been followed up by RC drilling. In addition JORC Inferred resources have been defined from previous shallow RC drilling. All resources remain open along strike and also at depth.