Tesoro Gold Ltd · ASX:TSO
Tesoro Gold — Investor Presentation (November 2024)
24 slides from Tesoro Gold's investor presentation, Nov 11, 2024
Slide 1: El Zorro Gold Project
For personal use only EL ZORRO GOLD PROJECT AN EXCITING NEW GOLD DISTRICT AND THE FIRST IRGS DISCOVERED IN CHILE NOVEMBER 2024 ASX:TSO | OTCQB:TSORF Tesoro Gold (ASX:TSO | OTCQB:TSORF) | CORPORATE PRESENTATION
Slide 2: Disclaimer
DISCLAIMER This presentation and any accompanying verbal presentation (together the Presentation) are confidential and have been prepared by other offering or marketing material relating to the securities referred to in this Presentation may be publicly distributed or otherwise Tesoro Gold Limited (
Slide 3: El Zorro - A New Gold Province
EL ZORRO - A NEW GOLD PROVINCE Au A LARGE PROSPECTIVE GOLD PROJECT IN CHILE Cu/Fe Au $ For personal use only Cu/Au LOCATION RESOURCE GROWTH Large surface Increased and Unlocking a gold footprint on expanding district scale 570km2 of 1.3Moz Ternera Intrusive Related tenure1 Gold Deposit2 Gold System
Slide 4: Corporate Overview
CORPORATE OVERVIEW CORPORATE STRUCTURE TESORO GOLD (ASX:TSO, OTCQB:TSORF) Capital structure Register detail Gold Fields strategic investment For personal use only Share price A$0.03 • Globally diverse South African gold producer 7% with nine operating mines in Australia, Chile Shares on issue ~1,553
Slide 5: Chilean Gold Exploration and Development
CHILEAN GOLD EXPLORATION AND DEVELOPMENT PROXIMATE TO ESTABLISHED INFRASTRUCTURE AND EXISTING MINES LARGE PROSPECTIVE GOLD PROJECT Chanaral Au For personal use only IN CHILE Cu/Fe FIRST MOVER ADVANTAGE WITH El Zorro Cu Gold Project 570km2 OF TENURE Cu/Au LA COIPA • Coastal location surrounded by min
Slide 6: Unlocking a New Gold District
UNLOCKING A NEW GOLD DISTRICT IS TERNERA THE FIRST OF MANY? GOLD TERNERA CORRIDOR For personal use only 1.3 Moz DEPOSIT CHILE’S FIRST EVER INTRUSION-RELATED GOLD SYSTEM (IRGS) N • IRGS Deposits tend to occur in clusters (Tinitina Province – N. America) • El Zorro - Surface gold confirmed over 50km o
Slide 7: Ternera | 1.3Moz of Gold and Growing
TERNERA | 1.3Moz OF GOLD AND GROWING A MAJOR NEW GOLD DEPOSIT IN CHILE1 TERNERA For personal use only 1.3 Moz DEPOSIT AND OVER 110KM OF DRILLING • Mineralised begins at surface and continues to over 550m deep • Continuous, large and well-developed high- grade zones from surface • Widest >1 g/t inter
Slide 8: Ternera | 1.3Moz of Gold and Growing
TERNERA | 1.3Moz OF GOLD AND GROWING A MAJOR NEW GOLD DEPOSIT IN CHILE1 TERNERA For personal use only 1.3Moz DEPOSIT CHILE’S FIRST EVER OPEN INTRUSION-RELATED 250m GOLD SYSTEM OPEN • Multiple mineralised drill intercepts outside the existing MRE US$1,800/oz pit shell 1000m • Open in all directions •
Slide 9: New Discoveries Adjacent to Ternera
NEW DISCOVERIES ADJACENT TO TERNERA NEW DISCOVERY AT TERNERA EAST AND DRONE HILL Ternera East For personal use only POTENTIAL MAJOR FAULT OFFSET OR TERNERA ‘REPEAT’ • Two substantial, well-mineralised zones including; • 49.50m @ 0.55g/t Au from 179.00m, including; • 15.40m @ 1.21g/t Au from 182.00m;
Slide 10: Multiple Targets Adjacent to Ternera
MULTIPLE TARGETS ADJACENT TO TERNERA TERNERA EAST AND DRONE HILL Drone Hill For personal use only EXCEPTIONAL RESULTS RETURNED FROM DIAMOND DRILLING CONFIRM THE CONTINUITY OF HIGH-GRADE FAULT ZONES EXTENDING FROM TERNERA TO DRONE HILL 1 • 1.8m @ 77.15g/t Au from 59.2m (ZDDH0338), including; • 0.8m @
Slide 11: Current MRE Is Just the Beginning
CURRENT MRE IS JUST THE BEGINNING EXISTING DRILLING SHOWS SIGNIFICANT GROWTH POTENTIAL EXPLORATION TARGET Drilled metres Resource (koz Au) For personal use only 120,000 Ternera constrained MRE 3,500 3,000 48.5Mt to 101.0Mt at 100,000 3,000 0.91g/t Au to 1.45g/t Au1 2,500 80,000 Indicates Ternera cou
Slide 12: Developing Ternera: Phase 1 Scoping Study Outcomes
DEVELOPING TERNERA: PHASE 1 TECHNICALLY AND FINANCIALLY ROBUST SCOPING STUDY OUTCOMES1 For personal use only MINE SCHEDULE MINING PHYSICALS STANDARD CIP PLANT 17.1Mt at 1.25g/t gold 2.4Mtpa throughput 94.5% gold recovery Initial open pit mine For initial 8-year operating life Simple non-refractory m
Slide 13: Developing Ternera: Phase 1 Open Pit Scoping Study Outcomes
DEVELOPING TERNERA DETAILED PHASE 1 OPEN PIT SCOPING STUDY OUTCOMES Key parameter (± 35%) Unit Study estimate For personal use only Ore throughput Mt 17.1 Gold grade g/t 1.25 Production ounces koz 651 Plant throughput Mtpa 2.4 Average annual steady state production koz pa 93 STARTER PIT VALUE UPSIDE
Slide 14: Additional District Discoveries
ADDITIONAL DISTRICT DISCOVERIES WE BELIEVE TERNERA IS THE FIRST OF MANY District Scale Potential For personal use only • Surface gold confirmed over 50km of strike • More than 570km2 of unexplored tenure • Major new IRGS gold belt, with very large Resource potential • Multiple El Zorro Tonalite dyke
Slide 15: +20km Long Mineralised System
+20km LONG MINERALISED SYSTEM SURFACE SAMPLING DELINEATED A BROAD CONTINUOUS SYSTEM Calderillas Kitsune For personal use only CHANNEL SAMPLING INDIVIDUAL INTRUSIVE RESULTS RETURNED DYKES IDENTIFIED HIGH-GRADE CONTINUOUS GOLD MINERALISATION1 ANOMALISM ALONG 1km2 • 2m @ 15.90g/t Au (EZTR003752); and •
Slide 16: New 200m Wide Outcropping Gold Anomaly at La Brea
+20km LONG MINERALISED SYSTEM NEW 200M WIDE OUTCROPPING GOLD ANOMALY AT LA BREA La Brea For personal use only SURFACE SAMPLING DELINEATED A NEW, LARGE, HIGH-GRADE OUTCROPPING GOLD ANOMALY1 • 3m @ 22.70g/t Au (EZTR004827). • 27m @ 0.64g/t Au (EZTR004828) including; • 9m @ 3.98g/t Au including: • 3m @
Slide 17: Ongoing El Zorro Growth and Derisking
ONGOING EL ZORRO GROWTH AND DERISKING CURRENT ADVANCEMENT PROGRAMS For personal use only 1 DRILL PROGRAM TO INFILL AND EXPAND TERNERA UNDERWAY MRE update plus upgrade in Resource classification 2 UPDATED PRODUCTION SCHEDULE AND SCOPING STUDY Anticipate improved metrics post MRE update 3 DEFINING DIS
Slide 18: Tesoro Gold Limited
For personal use only TESORO GOLD LIMITED Level 39 152-158 St Georges Terrace Perth, WA 6000 +61 8 6383 7883 info@tesorogold.com.au www.tesorogold.com.au ASX:TSO | OTCQB:TSORF Tesoro Gold (ASX:TSO | OTCQB:TSORF) | CORPORATE PRESENTATION
Slide 19: Appendix A: Ternera Mineral Resource Estimate
APPENDIX A TERNERA MINERAL RESOURCE ESTIMATE (MRE) Constrained 1.28Moz Au MRE: US$1,800/oz optimised pit shell, underground reported at 1.5g/t Au cut off1 For personal use only Area Cut off Indicated Inferred Total Au g/t Mt Au g/t Koz Mt Au g/t Koz Mt Au g/t Koz Open Pit Resource 0.30 22.5 1.10 795
Slide 20: Appendix B: Project Configuration
APPENDIX B PROJECT CONFIGURATION Open pit operation with activities performed by a mining contractor COSTS BASED ON THE USE OF A 230-TONNE DIESEL HYDRAULIC For personal use only EXCAVATOR AND 120-TONNE TRUCK LEGEND: • Phase 1 open pit FLEET • Proposed plant • Powerline • Seawater pipeline MODELLING
Slide 21: Appendix C: Process Plant Flowsheet
APPENDIX C PROCESS PLANT FLOWSHEET Simple single stage crushing, gravity and CIP Mill throughput by resource category For personal use only 45% 94.5% gold recovered total recovery at 150 by gravity micron grind size Tesoro Gold (ASX:TSO | OTCQB:TSORF) | CORPORATE PRESENTATION INVESTOR PRESENTATION |
Slide 22: Appendix D: Highly Experienced Board
APPENDIX D: HIGHLY EXPERIENCED BOARD WITH A TRACK RECORD OF EXPLORATION AND DEVELOPMENT SUCCESS For personal use only Mark Connelly Zeffron Reeves Geoff McNamara Linton Putland Alan Gibson Non-Executive Chair Managing Director Non-Executive Director Executive Director Non-Executive Director • Previo
Slide 23: Appendix E: Deep Chilean Expertise
APPENDIX E: DEEP CHILEAN EXPERTISE DEDICATED IN COUNTRY TEAM OF LOCAL SPECIALISTS For personal use only Sergio Uribe Ruben Cahuana Francisco Varela Echaurren Country Manager Exploration Manager Legal Counsel Chile Chile Chile • Administrative, management and • Geologist and Geotechnical engineer • L
Slide 24: Appendix F: Mining Reigns Supreme in Chile
APPENDIX F MINING REIGNS SUPREME IN CHILE MINING IS A KEY CONTRIBUTOR TO THE CHILE For personal use only CHILEAN ECONOMY REPRESENTING OVER HALF OF THE COUNTRY’S TOTAL EXPORTS MAJORITY OF THE WORLD’S LARGEST, MOST SUCCESSFUL MINING COMPANIES OPERATE IN CHILE CHILE HAS THE LARGEST RESERVES OF COPPER A