Slide 1: El Zorro Gold Project Presentation September 2020
For personal use only El Zorro Gold Project Presentation September 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). The information contained in the Presentation (Information) is summary only and should
Slide 3: 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 Exceptional Drill Results to Date ▪ Progressing El Zorro Gold Project to Development ▪ Strong Board & Management Significant Chilean Expertise
Slide 4: 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 Intru
Slide 5: Gold Project Has Excellent Infrastructure
EL ZORRO GOLD PROJECT HAS EXCELLENT INFRASTRUCTURE For personal use only ▪ El Zorro project concession area of approx. 540 km2 ▪ Region III (Atacama Desert) Chile, Low Altitude 600m to 1,600m ASL ▪ Pan American Highway & Pacific Ocean (water source) 10km ▪ Caldera Port 57km, International Airport 76
Slide 6: Gold Project – Defining a Major Gold System
EL ZORRO GOLD PROJECT – DEFINING A MAJOR GOLD SYSTEM ▪ Exceptional drill results to date - 33 holes with results - all intercepted strong gold mineralisation For personal use only ▪ 8 X 100g/m Au INTERCEPTS ▪ Mineralised from surface ▪ Significant intercepts include*: ▪ ZDDH00018 - 34.73m @ 2.94g/t
Slide 7: Gold Project – Geophysics Demonstrates Scale
EL ZORRO GOLD PROJECT – GEOPHYSICS DEMONSTRATES SCALE For personal use only ▪ Induced Polarisation (IP) Survey Correlates to Drilling Results** ▪ Extensions Identified North & South ▪ ZDDH00051 61 metre Zone of Visible Gold* ▪ Drilling Continues to Rapidly Expand the Scale of the Ternera Deposit ▪ A
Slide 8: Gold Project – Resource Drilling
EL ZORRO GOLD PROJECT – RESOURCE DRILLING For personal use only ▪ CC Faults are the Key ▪ CC Faults Contain Wide High Grade Gold Intercepts ▪ CC Faults Ave 180m Long, 5m to 30m Wide, >250m Deep ▪ CC Faults 3.00g/t Au to 10.00g/t Au ▪ Broader Mineralised “Halo” of 0.30g/t Au to 2.00g/t Au ▪ Open in A
Slide 9: 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*: ▪ Ternera North – 16.60m @ 1.33g/t Au ▪ Toro Gordo – 0.60m @ 4.65g/t Au & 2.10m @ 2.48g/t Au ▪ B
Slide 10: 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 11: Tesoro Resources Work Programs
TESORO RESOURCES WORK PROGRAMS For personal use only Sept 2020 Oct 2020 Nov 2020 Dec 2020 Q1 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 t
Slide 12: Tesoro Resources – Corporate Snap Shot
TESORO RESOURCES – CORPORATE SNAP SHOT For personal use only CURRENT CAPITAL STRUCTURE Total shares on Issue (includes escrowed shares)* 476,293,924 Share price as at 22 September 2020 (AUD/sh) $0.25 Market capitalisation (AUD) ≈$119 million Current Cash ≈$5.65 million *Escrow Shares - 24 months 55,
Slide 13: Tesoro Resources Has an Experienced Team
TESORO RESOURCES HAS AN EXPERIENCED TEAM ▪ For personal use only ASX listing February 2020 at $0.03 BOARD & MANAGEMENT ▪ Share Price $0.25 as at 22 September 2020 John Toll (Chairman) - John is a Partner at Azure Capital Limited and has >15 years of experience in corporate advisory, focusing ▪ Tesor
Slide 14: 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 September 2020 14
Slide 15: Appendix: Significant Intercepts Table
APPENDIX 1 EL ZORRO GOLD PROJECT SIGNIFICANT INTERCEPTS TABLE* For personal use only *For full results for holes ZDDH00001 to ZDDH00016 refer to Plukka Ltd Prospectus 30 October 2019. For results of ZDDH00017 and ZDDH0025 refer to TSO:ASX announcements 6 March,12 Tesoro Resources Corporate Presentat
Slide 16: 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 ▪ Mining is 47% of Export Revenues ▪ Tier 1 Geological Endowment MINING ▪ Mature Institutional & • Attractive Business Envi