Slide 1: Virtual Gold Conference Presentation
ASX ANNOUNCEMENT 18 AUGUST 2021 ASX: TSO | ACN 106 854 175 Virtual Gold Conference Presentation For personal use only Tesoro Resources Limited (Tesoro or the Company) advises that Managing Director, Mr Zeff Reeves, will deliver an investor update on the El Zorro Gold Project, Chile at the Virtual Go
Slide 2: El Zorro Gold Project Presentation, August 2021
For personal use only Aerial View of the Ternera Prospect Looking North El Zorro Gold Project Presentation, August 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: Expanding Gold Resource & Significant Exploration Upside
EL ZORRO – EXPANDING GOLD RESOURCE & SIGNIFCANT EXPLORATION UPSIDE FOCUS FOR 2021 For personal use only Continue to grow resources via low cost drilling Expand & Define the Ternera Deposit Advance the El Zorro project to production Systematically test new targets Deliver additional gold re
Slide 5: 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
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 Reduce strip via conversion of waste Ternera East could change open
Slide 7: Ternera – Defining a Major Intrusive Related Gold System
TERNERA – DEFINING A MAJOR INTRUSIVE RELATED GOLD SYSTEM Tesoro has Drilled >65,000m at Ternera For personal use only Gold Mineralisation Associated with Multiple, Tonalite Intrusions – Intrusive Related Gold System Mineralisation Identified over a Large Area >1,000m north-south >700m east
Slide 8: New Gold Zones Outside of Existing Resource
NEW GOLD ZONES OUTSIDE OF EXISTING RESOURCE For personal use only Thick, high-grade results outside resource Drilling expected to provide significant resource expansion Drilling expected to Increase JORC classification Ability to rapidly add resource ounces in 2021 Ternera Drill Section -160
Slide 9: Defining a Large Intrusive Related Gold System
EL ZORRO – DEFINING A LARGE INTRUSIVE RELATED GOLD SYSTEM For personal use only 2021 drilling to rapidly define resources at Ternera East & Drone Hill First holes into Ternera East discovery highlight upside Ternera East – New Discovery ZDDH0149 21.28m @ 0.34g/t Au including: 4.50m @ 1.14g/t A
Slide 10: Gold Project Location
EL ZORRO GOLD PROJECT LOCATION For personal use only Tesoro owns 85% of El Zorro Fully diluting JV ~555 km2 Project Area El Zorro Identified as Large Intrusive Related Gold System Analogous to Tintina Province (e.g. Fort Knox, Pogo, Brewery & Donlin Creek) Mid Tier Activity in Region M
Slide 11: Gold Project – Leveraging Existing Infrastructure
EL ZORRO GOLD PROJECT – LEVERAGING EXISTING INFRASTRUCTURE For personal use only Regionally Dominant Concession Holding Region III (Atacama Desert), Chile Low Altitude 600m to 1,600m ASL Pan American Highway (13km) Pacific Ocean (processing H2O) (13km) Caldera Port 57km Atacama Airport
Slide 12: 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 Ternera East & Drone Hill Ternera Analogues Testwork under
Slide 13: Will Continue to Grow
EL ZORRO WILL CONTINUE TO GROW For personal use only Continue to grow resources at El Zorro via low cost drilling Identify repeats within the El Zorro concessions Build organisational capability & progress El Zorro to production Tesoro aims to become a low cost gold producer in Chile El Zorro
Slide 14: Tesoro Resources – Corporate Snapshot
APPENDIX 1 TESORO RESOURCES – CORPORATE SNAPSHOT For personal use only Corporate Structure Shares (ASX:TSO) 603.2m Performance Rights 98m Share Price (16 Aug 2021) A$0.11 Market Capitalisation $A66m Cash (30 June 2021) $A13.7m Shareholders Top 20 51% Top 50 62.5% Board & Management 18% Institutional
Slide 15: 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 16: Appendix – Material ASX Announcements
APPENDIX 3 – MATERIAL ASX ANNOUNCEMENTS ASX:TSO For personal use only Tesoro Resources Corporate Presentation August 2021 15