Tesoro Gold Ltd · ASX:TSO
Tesoro Gold — Tesoro Resources — Noosa Mining Virtual Conference 2020
20 slides from Tesoro Gold's conference presentation, Jul 14, 2020
Slide 1: Tesoro to present at Noosa Mining Virtual Conference
ASX ANNOUNCEMENT 14 July 2020 ASX: TSO | ACN 106 854 175 Tesoro to present at Noosa Mining Virtual Conference For personal use only 4pm AEST, Thursday 16 July 2020. Tesoro Resources Limited (Tesoro or the Company) (ASX:TSO) is pleased to provide an opportunity for shareholders and investors to view
Slide 2: El Zorro Gold Project Presentation July 2020
For personal use only El Zorro Gold Project Presentation July 2020 Tesoro Resources Limited ACN 106 854 175 ASX:TSO
Slide 3: 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 4: Tesoro Resources Gold Explorer Focused on Chile
TESORO RESOURCES GOLD EXPLORER 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 5: 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 ▪ 10,744 Ha Project Area ▪ Intrusive Related Gold Syst
Slide 6: Gold Discovery in Region III Chile
For personal use only EL ZORRO GOLD PROJECT Gold Discovery in Region III Chile View looking north along strike of the Ternera deposit
Slide 7: Gold Project – Excellent Infrastructure
EL ZORRO GOLD PROJECT – EXCELLENT INFRASTRUCTURE ▪ Region III (Atacama Desert) Chile, Low Altitude – 600m to 1,600m ASL ▪ El Zorro a District Scale Intrusive Related Gold System (IRG), >5km Strike Length For personal use only ▪ Pan American Highway & Pacific Ocean (H20 Source) 10km ▪ Emerging IRG Di
Slide 8: Gold Project – Emerging Major Gold System
EL ZORRO GOLD PROJECT – EMERGING MAJOR GOLD SYSTEM ▪ Positive drill results highlight potential for El Zorro to host a significant gold deposit For personal use only ▪ 6 X 100g/m Au INTERCEPTS ▪ Mineralised from surface ▪ Mineralised zone >1,500m strike, up to 100m thick, down to 300m, open in all d
Slide 9: Gold Project – Resource Drilling
EL ZORRO GOLD PROJECT – RESOURCE DRILLING For personal use only ▪ Exploration Model is Generating Positive Results ▪ CC Faults are the Key ▪ 10 CC Faults Identified to Date – All Mineralised ▪ CC Faults Wide High Grade Gold Intercepts ▪ CC Faults Ave 180m long, 5m to 30m wide, >250m deep ▪ CC faults
Slide 10: Gold Project is Expanding
EL ZORRO GOLD PROJECT IS EXPANDING ▪ New Vein System Discovered at Toro Gordo For personal use only ▪ Proven Gold Mineralisation >1.5km of Strike ▪ Fault Offset Identified at Drone Hill ▪ Tonalite Mapped & Sampled >2.5km North of Ternera at Toro Blanco Geology map showing Toro Gordo mineralised vein
Slide 11: New Gold District
EL ZORRO – NEW GOLD DISTRICT ▪ 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 ▪ Buzzard - 26.00m @ 1.62g
Slide 12: 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 Reporting to Gravity ▪ Initial Bo
Slide 13: Tesoro Resources – Work Programs
TESORO RESOURCES – WORK PROGRAMS For personal use only July 2020 August 2020 Sept 2020 October 2020 Nov 2020 Dec 2020 January 2021 Ternera Resource Drilling* Modelling and Resource Estimation Detailed Met Work Program District Target Delineation District Target Drilling Scoping Study *drill program
Slide 14: Tesoro Resources – Corporate Snapshot
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 10 July 2020 (AUD/sh) $0.079 Market capitalisation (AUD) ≈$38 million Current Cash ≈$7 million *Escrow Shares - 24 months 55,473,613
Slide 15: Tesoro Resources – Experienced Team
TESORO RESOURCES – EXPERIENCED TEAM ▪ For personal use only Successful ASX listing February 2020 at $0.03 BOARD & MANAGEMENT ▪ Share Price as at 13 July 2020 $0.079 John Toll (Chairman) - John is a Partner at Azure Capital Limited and has >15 years of experience in corporate advisory, focusing ▪ Tes
Slide 16: 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 July 2020 15
Slide 17: 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 For personal use only ZDDH0001 5.00 119.00 114.00 0.35 ZDDH0009 48.00 48.50 0.50 2.1
Slide 18: Ternera Sections
APPENDIX 2 EL ZORRO GOLD PROJECT – TERNERA SECTIONS B B’ For personal use only A D ’ B ’ D ’ E A 012° C ’ ’ B E C C’ C Drilling Sections through the Ternera Prospect. Blue letters denote section location on the plan above 012° *for full drill results see ASX:PKA Announcement of 5 August 2019 & TSO a
Slide 19: Ternera Sections
APPENDIX 2 EL ZORRO GOLD PROJECT – TERNERA SECTIONS For personal use only D D’ E E’ 012° Drilling Sections through the Ternera Prospect. Blue letters denote section location on the plan on slide 21 *for full drill results see ASX:PKA Announcement of 5 August 2019 & TSO announcements 12 March 2020/27
Slide 20: 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 ▪ 47% of export revenues ▪ Tier 1 geological endowment MINING ▪ Mature institutional & • Attractive business environment ▪
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