Tesoro Gold Ltd · ASX:TSO
Tesoro Gold — Tesoro Resources — Investor Presentation (February 2021)
25 slides from Tesoro Gold's investor presentation, Feb 12, 2021
Slide 1: El Zorro Gold Project Presentation February 2021
For personal use only Aerial View of the Ternera Prospect Looking South El Zorro Gold Project Presentation February 2021 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 Resources – Corporate Snapshot
TESORO RESOURCES – CORPORATE SNAPSHOT For personal use only Corporate Structure Shares (ASX:TSO) 555.9m Performance rights 146.2m Share Price (10 Feb 2021) A$0.245 Market Capitalisation $A136m Cash (31 Dec 2020) $A19.4m Shareholders Top 20 46% Top 50 57% Board & Management 11% Institutional, HNW & F
Slide 4: Tesoro Resources An Experienced Team – Board & Management
TESORO RESOURCES AN EXPERIENCED TEAM BOARD & 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, technology
Slide 5: Management Focused on Rapidly Advancing the El Zorro Gold Project
12 MONTHS ON THE ASX MANAGEMENT FOCUSED ON RAPIDLY ADVANCING THE EL ZORRO GOLD PROJECT For personal use only ▪ A$31.6m Raised Since February 2020 ASX Listing ▪ >85% of Capital has gone into the Ground ▪ >24km of Diamond Drilling completed ▪ Currently 4 Rigs Drilling 24/7 ▪ Ternera Mineralised Footpr
Slide 6: 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 7: El Zorro Gold Project Location
EL ZORRO GOLD PROJECT LOCATION* For personal use only ▪ Tesoro owns 70% of El Zorro ▪ Ability to Earn 80% by Delivering Feasibility Study & USD50,000 Reimbursement by January 2022 ▪ Remaining 20% Subject to Contribute or Dilute Mechanism ▪ ~555 km2 Project Area ▪ El Zorro Identified as an Intrusive
Slide 8: El Zorro Gold Project – Leveraging Existing Infrastructure
EL ZORRO GOLD PROJECT – LEVARGING EXISITING INFRASTRUCTURE For personal use only ▪ Regionally Dominant Concession Holding ▪ Region III (Atacama Desert) Chile ▪ Low Altitude 600m to 1,600m ASL ▪ Pan American Highway 10km ▪ Pacific Ocean (processing H2O) 10km ▪ Caldera Port 57km ▪ Atacama Airport 76km
Slide 9: The Ternera Discovery
THE TERNERA DISCOVERY For personal use only ▪ Emerging Major Gold Deposit in the Coastal Cordillera of Chile ▪ Tesoro has First Mover Advantage in the Region ▪ A New Style of Gold Deposit for Chile ▪ Regionally Dominant Ground Position ▪ Intrusive Related Gold System (IRGS) ▪ Tesoro focused on Growt
Slide 10: Ternera – Defining a Major Gold System
TERNERA – DEFINING A MAJOR GOLD SYSTEM For personal use only ▪ Tesoro has Drilled >27,000m at Ternera ▪ Gold Mineralisation Associated with Multiple, Parallel, Elongate Tonalite Intrusions ▪ To Date Mineralisation Identified over a Large Area ▪ ~900m North-South ▪ ~550m East-West ▪ Outcropping at Su
Slide 11: Ternera – Defining a Major Gold System
TERNERA – DEFINING A MAJOR GOLD SYSTEM For personal use only ▪ Additional Data has Refined the Model ▪ Parallel Ore Zones Linked by Faults ▪ Majority of Mineralisation Tonalite Hosted ▪ CC Faults Mineralise Tonalites & Sedimentary Country Rocks ▪ Cross Cutting CC Faults Concentrate Gold Section -80m
Slide 12: Modelling Has Discovered Major North East Extensions
MODELLING HAS DISCOVERED MAJOR NORTH EAST EXTENSIONS For personal use only ▪ 3D Modelling has Defined Multiple Extensions ▪ New North East Extension ▪ Multiple Drill Results >100m @ >1.00g/t Au Au g/t Range 0.20 - 0.50 ▪ High Grade Zones 30 to 70m @ 2.00g/t to Open >4.00g/t Au 0.50 -1.00 1.00 - 2.00
Slide 13: Systematic Exploration Defining a Major Gold System
EL ZORRO GOLD PROJECT SYSTEMATIC EXPLORATION DEFINING A MAJOR GOLD SYSTEM ▪ Surface Mapping & Sampling has Defined New Targets For personal use only ▪ Tesoro has only Scratched the Surface ▪ Outcropping Mineralisation at Drone Hill, Toro Blanco, Ternera North, Toro Gordo & Buzzard ▪ Surface Channel
Slide 14: Geophysics Highlights Targets & Demonstrates Scale
EL ZORRO GOLD PROJECT – GEOPHYSICS HIGHLIGHTS TARGETS & DEMONSTRATES SCALE For personal use only ▪ IP Survey Anomalies Correlate well to Drilling Results* ▪ Multiple Untested IP Targets Identified ▪ Potential Ternera Repeat 300m East ▪ Surface Sampling, Drilling & Geophysics Define System ▪ Untested
Slide 15: El Zorro Gold Project Studies & Development
EL ZORRO GOLD PROJECT STUDIES & DEVELOPMENT El Zorro is Ideally Located to Leverage off Existing Infrastructure & Support Services For personal use only ▪ Order of Magnitude Conceptual Studies & Long Lead Activities Commenced: ▪ Metallurgy, Environment, Surface Easement Corridors, Infrastructure Acc
Slide 16: 2021 The Year Ahead
2021 THE YEAR AHEAD Ternera El Zorro District For personal use only Regional Exploration Studies and Development ▪ >30,000m Drill Program ▪ Initial Drill Testing of underway to Expand & ▪ Regional Targeting to find ▪ Detailed Metallurgical additional Targets Ternera Analogues Delineate the entire Te
Slide 17: Tesoro Poised for Growth
TESORO POISED FOR GROWTH For personal use only CONTINUED GROWTH BY EXECUTING THE STRATEGY ▪ Continue to Deploy Capital Efficiently into the El Zorro Gold Project ▪ Grow Ternera for a Maiden Resource Estimate ▪ Demonstrate Resource Potential at Ternera in 2021 ▪ Emerging Gold District with Multiple U
Slide 18: 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 February 2021 18
Slide 19: El Zorro Gold Project 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 A
Slide 20: Appendix - Cont'd: Significant Intercepts Table
APPENDIX 1 - CONT’D 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 ZDDH0041 40.00 46.00 6.00
Slide 21: Appendix - Ternera Selected Sections
APPENDIX 2 - TERNERA SELECTED SECTIONS For personal use only Section -20m 60° Ternera Prospect Surface geology and drill collars Blue Lines show section locations Tesoro Resources Corporate Presentation February 2021 21
Slide 22: Appendix - Ternera Selected Sections
APPENDIX 2 - TERNERA SELECTED SECTIONS For personal use only Section +40m Section -60m 60° 60° Tesoro Resources Corporate Presentation February 2021 22
Slide 23: Appendix - Ternera Selected Sections
APPENDIX 2 - TERNERA SELECTED SECTIONS For personal use only Section +100m Section +140m 60° 60° Tesoro Resources Corporate Presentation February 2021 23
Slide 24: Appendix – Material ASX Announcements
APPENDIX 3 – MATERIAL ASX ANNOUNCEMENTS ASX:TSO Date Description Date Description For personal use only 27/01/2021 Drilling cont inues t o ext end Ternera deposit 25/06/2020 Ext ensive gold bearing vein syst em ident ified at Buzzard 11/01/2021 Drilling cont inues t o expand scale at El Zorro 12/06/
Slide 25: 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
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