Slide 1: El Zorro Gold Project Maiden Resource Estimate - Webinar
ASX ANNOUNCEMENT 29 July 2021 ASX: TSO | ACN 106 854 175 El Zorro Gold Project Maiden Resource Estimate - Webinar For personal use only Tesoro Resources Limited (Tesoro or the Company) advises that Managing Director, Mr Zeff Reeves, will deliver a Mineral Resource Estimate (MRE) briefing presentatio
Slide 2: El Zorro Gold Project Presentation, July 2021
For personal use only Aerial View of the Ternera Prospect Looking North El Zorro Gold Project Presentation, July 2021 ASX:TSO Tesoro Resources Limited ACN 106 854 175
Slide 3: Disclaimer
DISCLAIMER 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 For personal use only the Presentation
Slide 4: Management focused on rapidly advancing the El Zorro Gold Project
18 MONTHS ON THE ASX MANAGEMENT FOCUSED ON RAPIDLY ADVANCING THE EL ZORRO GOLD PROJECT For personal use only ▪ A$31.6M Raised Since March 2020 ASX Listing ▪ >87% of Capital deployed into El Zorro ▪ >61km of Diamond Drilling ▪ 6 Rigs Drilling 24/7 ▪ 660koz Maiden Resource Estimate at Ternera ▪ Deposi
Slide 5: El Zorro Gold Project Maiden Mineral Resource
EL ZORRO GOLD PROJECT MAIDEN MINERAL RESOURCE For personal use only Ternera Gold Deposit Maiden Resource Table * Indicated Inferred Total Cut-off Au g/t Mt Au g/t koz Mt Au g/t koz Mt Au g/t koz 0.3 2.7 0.88 75 22.4 0.81 586 25.1 0.82 661 0.4 2.1 1.03 68 17.4 0.95 529 19.4 0.96 597 0.5 1.7 1.17 63 1
Slide 6: Ternera large scale open pit bulk mining potential
TERNERA LARGE SCALE OPEN PIT BULK MINING POTENTIAL For personal use only ▪ Mineralised from Surface ▪ No Overburden ▪ Multiple Outcropping High Grade Lodes ▪ Strike & Depth Continuity ▪ Continuity maintained at higher cut-off grades ▪ Reduce strip via conversion of mineralised waste ▪ Ternera East c
Slide 7: El Zorro – more value to come
EL ZORRO – MORE VALUE TO COME ▪ Rapid & Cost-Effective resource delineation – 65 holes to be add to model prior to year end For personal use only ▪ New Intrusive Related Gold District ▪ Convert Unclassified Material (approx. 250koz @ 0.5g/t Au cut-off) to JORC ▪ Significant Future Resource Upgrades
Slide 8: Tesoro – focus for 2021
TESORO – FOCUS FOR 2021 Ternera El Zorro District Regional Exploration Studies & Development For personal use only ▪ Resource Definition Drilling to ▪ Define resources at ▪ Regional Targeting to find ▪ Detailed Metallurgical Extend & Upgrade resources Ternera East & Drone Hill Ternera Analogues Test
Slide 9: El Zorro will continue to grow
EL ZORRO WILL CONTINUE TO GROW For personal use only ▪ Continue to grow resources at El Zorro with additional low cost drilling ▪ Identify new targets within the El Zorro concessions ▪ Build organisational capability & progress El Zorro to production Tesoro aims to become a low cost gold producer in
Slide 10: Appendix – Tesoro Resources, an experienced team
APPENDIX 2 TESORO RESOURCES – AN EXPERIENCED TEAM BOARD & MANAGMENT For personal use only John Toll - Chairman John is a Partner at Azure Capital Limited with >15 years of experience in corporate advisory, focusing mainly on equity financing transactions across a range of industries including mining
Slide 11: Appendix – Material ASX announcements
APPENDIX 3 – MATERIAL ASX ANNOUNCEMENTS ASX:TSO For personal use only Date Announcement Title Date Announcement Title 28/07/2021 Maiden Mineral Resource Estimate sets foundation at El Zorro 23/10/2020 Infill drilling continues to intercept gold bearing zones 6/07/2021 New Discovery expands Ternera G
Slide 12: Appendix – Ternera resource estimation parameters
APPENDIX 4 – TERNERA RESOURCE ESTIMATION PARAMETERS For personal use only Mineral Resource Estimate Pit Optimisation Parameters ▪ The following parameters were used to generate an ▪ 148 HQ diameter diamond drill holes used (46,937m) optimised pit shell that reported a 0.30 g/t Au cut-off grade ▪ Dom