Tesoro Gold Ltd · ASX:TSO
Tesoro Gold — Investor Presentation (June 2022)
21 slides from Tesoro Gold's investor presentation, Jun 6, 2022
Slide 1: El Zorro Gold Project Chile
For personal use only El Zorro Gold Project Chile Scale, Simplicity, Strategic Location & Exceptional Metallurgy June 2022 ASX:TSO OTCQB:TSORF
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 Gold Limited (Tesoro or the Company) and approved by the Board of the Company. The information contained in the Presentation (Info
Slide 3: Tesoro's Strategy
Tesoro’s Strategy For personal use only Utilise Extensive Geological & Mining Expertise to Discover & Build High Quality Mining Projects in the ‘Core Atacama’ Province of Chile Ternera Gold Deposit Looking South Tesoro Gold (ASX:TSO) | CORPORATE PRESENTATION 3
Slide 4: Investment Highlights
Investment Highlights For personal use only ▪ Tesoro holds one of the largest & most Chanaral Au prospective gold projects in Chile. Cu/Fe ▪ Strategically positioned, established El Zorro Cu infrastructure & surrounded by mines. Gold Project ▪ Intrusive Related Gold System (IRGS). Cu/Au ▪ Resource o
Slide 5: El Zorro Gold Project: Chile's Newest Gold Discovery
El Zorro Gold Project: Chile’s Newest Gold Discovery For personal use only ▪ Tesoro Owns 85% of the El Zorro Gold Project (1). ▪ 30.5Mt @ 1.12g/t Au for 1.1Moz at 0.3g/t Au TORO BLANCO cut-off (2) defined by 300 diamond drill holes. TERNERA TERNERA EAST ▪ High-grade opportunity using 1.0g/t cut off:
Slide 6: Ternera – Expanding 1.1Moz Resource
Ternera – Expanding 1.1Moz Resource For personal use only ▪ Ternera Deposit Open in all directions. ▪ Continue drilling to grow resource base. Au g/t 1.50-2.50 ▪ Ternera orebody starts at surface. 2.50-5.00 ▪ Multiple continuous high-grade zones. >5.00 Indicated Inferred Total Cutoff Au g/t Mt Au g/
Slide 7: Ternera – A Robust Open Pit Resource
Ternera – A Robust Open Pit Resource For personal use only ▪ Ternera Deposit Open in all directions. Au g/t 0.30 - 1.00 1.00 - 2.00 ▪ Continue drilling to grow resource base. >2.00 ▪ Ternera orebody starts at surface. ▪ 30.5Mt @ 1.12g/t Au for 1.1Moz at 0.3g/t Au cut-off (1). ▪ 38.6Mt @ 1.06g/t Au f
Slide 8: High Grade Open Pit Potential
High Grade Open Pit Potential For personal use only ▪ 503koz in Indicated classification1. Au g/t ▪ 46% of total resource Indicated. 1.50-2.50 2.50-5.00 ▪ 75% of Indicated Resource in upper >5.00 200m: ▪ Increased drilling density: ▪ <25m for Indicated; and ▪ <50m for Inferred. ▪ 1.3Moz @ 1.06g/t un
Slide 9: Ternera – A Robust Open Pit Resource
Ternera – A Robust Open Pit Resource For personal use only ▪ Multiple well-defined, wide & continuous high-grade zones start at surface. ▪ High proportion of ounces in high-grade zones – 715koz @ 2.31g/t Au at 1.00g/t Au cutoff1. ▪ From surface (≈620mRL) to 325mRL Ounces per Vertical Metre (OVM) ave
Slide 10: El Zorro Intrusion Related Gold Belt: District Scale Potential
El Zorro Intrusion Related Gold Belt: District Scale Potential For personal use only ▪ Newly recognised IRGS in Chile. ▪ >570km2 of unexplored potential. ▪ Multiple undrilled gold targets(1). ▪ Up to 7km long & 6km wide. ▪ Multiple El Zorro Tonalite dyke swarms (EZT, gold host rock). ▪ Potential for
Slide 11: El Zorro – Unlocking a District Scale Gold System
El Zorro – Unlocking a District Scale Gold System For personal use only Immediate Focus ▪ Continue to expand the Ternera Gold Resource with drilling ▪ Delineate & drill Ternera repeats on the El Zorro concessions ▪ Complete scoping study & build organisational capability to progress El Zorro to prod
Slide 12: Company Strategy & Corporate Snapshot
Company Strategy & Corporate Snapshot For personal use only Mineral Resource (1) Indicated Inferred Total Capital Structure Cut off Au g/t Mt Au g/t koz Mt Au g/t koz Mt Au g/t koz ASX Share Price (2) A$0.07 0.30 13.3 1.18 503 17.2 1.07 593 30.5 1.12 1,096 1.00 4.4 2.41 341 5.2 2.23 373 9.6 2.31 715
Slide 13: Board & Management
Board & Management For personal use only John is a Partner at Azure Capital Limited with >15 >30 years of international resource sector experience as years of experience in corporate advisory, focusing a Geologist, Project Manager & Fund Manager. mainly on equity financing transactions across a Prev
Slide 14: Recent Activity
Recent Activity For personal use only El Zorro Access Road Upgrade Ternera Drill Rigs in Operation Core Shed Local Workforce Ternera Drilling Team Tesoro Gold (ASX:TSO) | CORPORATE PRESENTATION 14
Slide 15: El Zorro Gold Project - Appendices
El Zorro Gold Project - Appendices Scale, Simplicity & Exceptional Metallurgy in a Strategic Location For personal use only 1.1M oz & growing Up to 45 % Gravity Recovery Conventional Processing Coastal Location Chile Surface Gold to Mining Friendly over 500m Depth New Gold District Developing a Matu
Slide 16: Appendix 1: Mineral Resource
Appendix 1: Mineral Resource For personal use only Mineral Resource Estimate of 1.1Moz Gold within a USD1,800 per ounce optimised pit shell announced on 23 May 2022 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 13.3 1.18 503 17.2 1.07 593 30.5 1.12 1,096 0.5 9
Slide 17: Appendix 2: El Zorro Preliminary Process Plant Flowsheet
Appendix 2: El Zorro Preliminary Process Plant Flowsheet For personal use only Tesoro Gold (ASX:TSO) | CORPORATE PRESENTATION 17
Slide 18: Appendix 3: Environmental & Social Strategy
Appendix 3: Environmental & Social Strategy For personal use only Our environmental & social strategy is aligned to the United Nations (UN) Sustainable Development Goals (SDG) with the company committed to ensuring its exploration & operational activities generate positive sustainability outcomes. S
Slide 19: Appendix 4: Why Chile
Appendix 4: Why Chile For personal use only 1) Low Sovereign Risk: Chile has a population of >19 million people, one of South America’s most stable & prosperous nations, enabling the country to significantly reduce poverty. Chile’s GDP was 17.4% in 4th Qtr 2021 (1), second-fastest pace of expansion
Slide 20: Appendix 5: Performance Rights Summary
Appendix 5: Performance Rights Summary For personal use only Perfomance Rights Milestones Milestone Milestone Status Quantity Deadline >1Moz resource at >1g/t Au VESTED 50,060,000 >2Moz resource at >1g/t Au 29-Jan-24 UNVESTED 20,940,000 Completed Positive definitive feasibilty Study 29-Jan-25 UNVEST
Slide 21: Tesoro Gold Limited
For personal use only Tesoro Gold Limited Suite 5, 62 Ord Street West Perth, WA 6005 Phone: +61 8 9322 1587 Email: info@tesorogold.com.au Web: www.tesorogold.com.au