Tesoro Gold Ltd · ASX:TSO
Tesoro Gold — Tesoro Resources — Investor Presentation (June 2020)
21 slides from Tesoro Gold's investor presentation, Jun 12, 2020
Slide 1: El Zorro Gold Project Presentation June 2020
For personal use only El Zorro Gold Project Presentation June 2020 Tesoro Resources Limited ACN 106 854 175 ASX:TSO
Slide 2: Disclaimer
DISCLAIMER For personal use only This presentation and any accompanying verbal presentation (together the Presentation) are confidential and have has been prepared by Tesoro Resources Limited (Tesoro or the Company). The information contained in the Presentation (Information) is summary only and sho
Slide 3: Tesoro Resources Capital Raising Summary
TESORO RESOURCES CAPITAL RAISING SUMMARY For personal use only ▪ Offer to raise approximately A$6 million through: ▪ Institutional placement to sophisticated and professional investors to raise approximately A$3.3 million (‘Placement”); and ▪ Non-renounceable accelerated institutional and retail ent
Slide 4: Tesoro Resources Gold Explorer Focused on Chile
TESORO RESOURCES GOLD EXPLORER FOCUSED ON CHILE For personal use only ▪ Chile a Tier One Geological & Mining Jurisdiction ▪ El Zorro Gold Project Positive Drill Results to Date ▪ Progressing El Zorro to Maiden Resource ▪ Strong Board & Management Significant Chilean Expertise ▪ Targeting Maiden Reso
Slide 5: Gold Discovery in Region III Chile
For personal use only EL ZORRO GOLD PROJECT Gold Discovery in Region III Chile View looking north along strike of the Ternera deposit
Slide 6: Gold Project – Location
EL ZORRO GOLD PROJECT – LOCATION* For personal use only ▪ JV signed with local vendor 2017 ▪ Tesoro accelerating to 70% ownership** ▪ Ability to Earn 80% by delivering feasibility study & USD50,000 reimbursement by January 2022 ▪ Remaining 20% subject to contribute or dilute mechanism ▪ 10,744 Ha pr
Slide 7: Gold Project – Excellent Infrastructure
EL ZORRO GOLD PROJECT – EXCELLENT INFRASTRUCTURE For personal use only ▪ Region III (Atacama Desert) Chile ▪ Low Altitude – 600m to 1,600m ASL ▪ Pan American Highway 10km ▪ Pacific Ocean 10km (H20 Source) ▪ Caldera Port 57km ▪ International Airport 76km (Santiago 60min) ▪ Mining City of Copiapo 130k
Slide 8: Gold Project – Large IRG System
EL ZORRO GOLD PROJECT – LARGE IRG SYSTEM For personal use only ▪ El Zorro a District Scale Gold System ▪ El Zorro Gold Mineralisation Classified as an Intrusive Related Gold (IRG) System ▪ Gold Mineralisation Related to a Suite of Gold Bearing Granitic Intrusions ▪ Emerging IRG District ▪ Tintina Pr
Slide 9: Gold Project – Emerging Major Gold System
EL ZORRO GOLD PROJECT – EMERGING MAJOR GOLD SYSTEM ▪ Positive drill results highlight potential for El Zorro to host a significant gold deposit For personal use only ▪ 6 X 100g/m Au INTERCEPTS ▪ Mineralised zone >1,500m strike, up to 100m thick, down to 300m, open in all directions ▪ Significant int
Slide 10: Gold Project – Resource Drilling
EL ZORRO GOLD PROJECT – RESOURCE DRILLING For personal use only ▪ Exploration Model is Generating Positive Results ▪ CC Faults are the Key ▪ 10 CC Faults Identified to Date – All Mineralised ▪ CC Faults Contain Wide High Grade Gold Intercepts ▪ CC Faults Ave 180m long, 5m to 30m wide, >250m deep ▪ C
Slide 11: Gold Project Is Growing
EL ZORRO GOLD PROJECT IS GROWING ▪ New Vein System Discovered at Toro Gordo For personal use only ▪ Proven Gold Mineralisation >1.5km of Strike ▪ Fault Offset Identified at Drone Hill ▪ Tonalite Mapped & Sampled >2.5km North of Ternera at Toro Blanco Geology map showing Toro Gordo mineralised vein s
Slide 12: New Gold District
EL ZORRO – NEW GOLD DISTRICT ▪ Outcropping Mineralisation at Drone Hill, Toro Blanco, Ternera North, Toro Gordo & Buzzard For personal use only ▪ Surface Channel Sampling includes*: ▪ Ternera North – 16.60m @ 1.33g/t Au ▪ Toro Gordo– 0.60m @ 4.65g/t Au & 2.10m @ 2.48 g/t Au ▪ Buzzard - 26.00m @ 1.62
Slide 13: Positive Preliminary Metallurgy
EL ZORRO – POSITIVE PRELIMINARY METALLURGY* For personal use only ▪ Ternera Material Free Milling ▪ Gold Recoveries up to 99% ▪ Gold Recoveries 94% at 250 µm grind size ▪ Gold Recoveries 99% at 75µm grind size ▪ Amenable to Gravity Concentration ▪ 55% to 75% of Gold Reporting to Gravity Circuit ▪ In
Slide 14: Tesoro Resources – Work Programs
TESORO RESOURCES – WORK PROGRAMS For personal use only July 2020 August 2020 Sept 2020 October 2020 November December January 2021 2020 2020 Ternera Resource Drilling Modelling and Resource Estimation Detailed Met Work Program District Target Delineation District Target Drilling Scoping Study Tesoro
Slide 15: Tesoro Resources – Corporate Snap Shot
TESORO RESOURCES – CORPORATE SNAP SHOT CURRENT CAPITAL STRUCTURE For personal use only USE OF FUNDS Total shares on Issue (includes escrowed shares)* 362,673,387 Share price (AUD/sh) $0.075 Market capitalisation (AUD) $22 m Funds available (AUD) Cash as at 30 April $2.1 million *Escrow Shares - 24 m
Slide 16: Tesoro Resources – Experienced Team
TESORO RESOURCES – EXPERIENCED TEAM ▪ For personal use only Successfully ASX listing February 2020 at $0.03 BOARD & MANAGEMENT ▪ Share Price as at 11 June 2020 (last traded) $0.069 John Toll (Chairman) - John is a Partner at Azure Capital Limited and has >15 years of experience in corporate advisory
Slide 17: Contact Details
CONTACT DETAILS For personal use only Zeffron Reeves, Managing Director Geoff McNamara, Non-Executive Director Mobile: +61 419 714 495 Mobile: +65 9754 6095 Email: zeff.reeves@tesororesources.com.au Email: geoff.mcnamara@tesororesources.com.au Address: Suite 5 | 62 Ord Street | West Perth | WA 6005
Slide 18: Significant Intercepts Table
APPENDIX 1 EL ZORRO GOLD PROJECT SIGNIFICANT INTERCEPTS TABLE* Hole_ID From (m) To (m) Interval Au (g/t) Comments Hole_ID From (m) To (m) Interval Au (g/t) Comments Hole_ID From (m) To (m) Interval Au (g/t) Comments For personal use only ZDDH0001 5.00 119.00 114.00 0.35 ZDDH0009 48.00 48.50 0.50 2.1
Slide 19: Ternera Sections
APPENDIX 2 EL ZORRO GOLD PROJECT – TERNERA SECTIONS B B’ For personal use only A D ’ B ’ D ’ E A 012° C ’ ’ B E C C’ C Drilling Sections through the Ternera Prospect. Blue letters denote section location on the plan above 012° *for full drill results see ASX:PKA Announcement of 5 August 2019 & TSO a
Slide 20: Ternera Sections
APPENDIX 2 EL ZORRO GOLD PROJECT – TERNERA SECTIONS For personal use only D D’ E E’ 012° Drilling Sections through the Ternera Prospect. Blue letters denote section location on the plan on slide 21 *for full drill results see ASX:PKA Announcement of 5 August 2019 & TSO announcements 12 March 2020/27
Slide 21: Chile a Proven Mining Jurisdiction
CHILE A PROVEN MINING JURISDICTION MOST DEVELOPED SOUTH AMERICAN ECONOMY For personal use only ▪ Mining since 1500’s ▪ No. 1 global copper producer ▪ Mining is 9% of employment ▪ 47% of export revenues ▪ Tier 1 geological endowment MINING ▪ Mature institutional & • Attractive business environment ▪