Tesoro Gold Ltd · ASX:TSO
Tesoro Gold — Tesoro Resources — Investor Presentation (December 2020)
19 slides from Tesoro Gold's investor presentation, Dec 9, 2020
Slide 1: El Zorro Gold Project Presentation December 2020
For personal use only El Zorro Gold Project Presentation December 2020 ASX:TSO Tesoro Resources Limited ACN 106 854 175
Slide 2: Disclaimer
DISCLAIMER For personal use only This presentation and any accompanying verbal presentation (together the Presentation) are confidential and have been prepared by Tesoro Resources Limited (Tesoro or the Company) and approved by the Board of the Company. The information contained in the Presentation
Slide 3: Tesoro Capital Raising Summary
TESORO CAPITAL RAISING SUMMARY For personal use only Placement to raise A$18 million ▪ Placement to institutional and sophisticated investors to raise $18.0m (Placement). ▪ Tesoro also proposes to undertake a Share Purchase Plan (SPP) for $3.0m at the same issue price as the Placement. Offer Structu
Slide 4: Tesoro Resources Capital Raising
TESORO RESOURCES CAPITAL RAISING For personal use only POST RAISE CAPITAL STRUCTURE* Indicative Timetable* 2020/2021 Current shares on issue 476.3m Placement Performance rights** 146.2m Trading halt 4pm Friday, 4 December Placement and SPP shares to be issued 77.7m Announcement and Recommencement of
Slide 5: Tesoro Resources – Gold Developer Focused on Chile
TESORO RESOURCES – GOLD DEVELOPER FOCUSED ON CHILE For personal use only ▪ Chile a Tier One Geological Endowment & Mining Jurisdiction ▪ El Zorro Gold Project - Major Gold Deposit Emerging ▪ Progressing El Zorro Gold Project to Development ▪ Strong Board & Management with Significant Chilean Experti
Slide 6: Tesoro Resources – Delivering Results
TESORO RESOURCES – DELIVERING RESULTS For personal use only Management Focused on Creating Shareholder Value via Deploying Capital Effectively & Efficiently Since Listing on 7 February 2020 ▪ 87% of Funds Spent in the Ground (Sept 2020 quarter) ▪ Average all in Cost for Drilling HQ Core ≈ AU$225.00
Slide 7: Gold Project Location
EL ZORRO GOLD PROJECT LOCATION* For personal use only ▪ Tesoro has Achieved 70% Ownership ▪ Ability to Earn 80% by Delivering Feasibility Study & USD50,000 Reimbursement by January 2022 ▪ Remaining 20% Subject to Contribute or Dilute Mechanism ▪ ≈540 km2 Project Area ▪ El Zorro Identified as an Intr
Slide 8: Gold Project Has Excellent Infrastructure
EL ZORRO GOLD PROJECT HAS EXCELLENT INFRASTRUCTURE For personal use only ▪ Regionally Dominant Concession Holding ▪ Region III (Atacama Desert) Chile, Low Altitude 600m to 1,600m ASL ▪ Pan American Highway & Pacific Ocean (processing H2O) 10km ▪ Caldera Port 57km, Atacama Airport 76km, Copiapo City
Slide 9: Gold Project – Defining a Major Gold System
EL ZORRO GOLD PROJECT – DEFINING A MAJOR GOLD SYSTEM ▪ Exceptional Drill Results to Date - 57 Holes with Results - all Intercepted Strong Gold Mineralisation For personal use only ▪ 10 X 100g/m Au Intercepts ▪ Mineralised from Surface ZDDH00018 - 34.73m @ 2.94g/t Au – 102g/m Au Significant intercept
Slide 10: Gold Project – Geophysics Demonstrates Scale
EL ZORRO GOLD PROJECT – GEOPHYSICS DEMONSTRATES SCALE For personal use only ▪ IP Survey Correlates to Drilling Results* ▪ Multiple Untested IP Targets Identified ▪ Potential Ternera repeat 300m East ▪ Continuous High-Grade Core Emerging ▪ Drilling continues to Rapidly Expand the Scale ▪ Mineralised
Slide 11: Gold Project Resource Drilling
EL ZORRO GOLD PROJECT RESOURCE DRILLING A A’ For personal use only Ternera Prospect Ternera Prospect Typical Section Schematic Long section looking north west. Showing mineralised CC Fault Zones and associated low grade haloes – Drill section looking northwest along line A-A’ as shown on slide 7 res
Slide 12: A New Gold District with Multiple Targets
EL ZORRO – A NEW GOLD DISTRICT WITH MULTIPLE TARGETS ▪ Outcropping Mineralisation at Drone Hill, Toro Blanco, Ternera North, Toro Gordo & Buzzard For personal use only ▪ Surface Channel Sampling includes*: El Zorro Project ▪ Ternera North – 16.60m @ 1.33g/t Au District map showing surface sampling ▪
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 Reports to Gravity ▪ Initial Bond W
Slide 14: Gold Project Development
EL ZORRO GOLD PROJECT DEVELOPMENT For personal use only El Zorro is Ideally Located to Leverage off Existing Infrastructure & Support Services ▪ Order of Magnitude Conceptual Studies Commenced ▪ Environmental Studies & Permitting Process Commenced ▪ Access to Existing Powerline – 20km to the South ▪
Slide 15: Tesoro Resources Work Programs
TESORO RESOURCES WORK PROGRAMS For personal use only Dec 2020 Jan 2021 Feb 2021 Mar 2021 Q2 2021 Q3 2021 Q4 2021 Ternera Resource Drilling* Modelling & Resource Estimation Detailed Met Work Program District Target Delineation District Target Drilling Scoping Study Ternera Target Continues to Grow wi
Slide 16: Tesoro Resources Has an Experienced Team
TESORO RESOURCES HAS AN EXPERIENCED TEAM BOARD AND MANAGMENT For personal use only John Toll - Chairman John is a Partner at Azure Capital Limited & has >15 years of experience in corporate advisory, focusing mainly on equity financing transactions across a range of industries including mining, tech
Slide 17: Contact Details
CONTACT DETAILS For personal use only Zeffron Reeves, Managing Director Email: info@tesororesources.com.au Phone: +61 8 9322 1587 Web: www.tesororesources.com.au Address: Suite 5 | 62 Ord Street | West Perth | WA 6005 Tesoro Resources Corporate Presentation December 2020 17
Slide 18: Appendix: 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 Hole_ID From (m) To (m) Interval Au (g/t) Comments Hole_ID From (m) To (m) Interval
Slide 19: Chile a Proven Mining Jurisdiction and Most Developed South American Economy
CHILE A PROVEN MINING JURISDICTION AND MOST DEVELOPED SOUTH AMERICAN ECONOMY For personal use only ▪ Mining since 1500’s ▪ No. 1 Global Copper Producer ▪ Mining is 9% of Employment ▪ Mining is 47% of Export Revenues MINING ▪ Tier 1 Geological Endowment ▪ Mature Institutional & • Attractive Business
Tesoro Resources — Investor Presentation (December 2020) on 6ix