Tesoro Gold Ltd · ASX:TSO
Tesoro Gold — Investor Presentation (September 2024)
25 slides from Tesoro Gold's investor presentation, Sep 10, 2024
Slide 1: El Zorro Gold Project
For personal use only EL ZORRO GOLD PROJECT AN EXCITING NEW GOLD PROVINCE AND THE FIRST IRGS DISCOVERED IN CHILE SEPTEMBER 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: Unlocking a New Gold Province
UNLOCKING A NEW GOLD PROVINCE LARGEST AND MOST PROSPECTIVE GOLD PROJECT IN CHILE Au $ Au For personal use only Cu/Fe Cu Cu/Au LOCATION RESOURCE GROWTH Large surface Increased and Unlocking a gold footprint on expanding district scale 570km2 of 1.5Moz Ternera Intrusive Related tenure1 Gold Deposit2 G
Slide 4: Top Ten Drill Intercepts at El Zorro
UNLOCKING A NEW GOLD PROVINCE TOP TEN DRILL INTERCEPTS AT EL ZORRO1 1. ZDDH0297: 434.60m @ 1.22g/t Au; incl. 89.95m @ 3.07g/t Au, incl. 20.80m @ 9.19g/t Au; 2. ZDDH0288: 63.93m @ 7.61g/t Au; incl. 7.00m @ 66.10g/t Au; For personal use only 3. ZDDH0069: 267.00m @ 1.12g/t Au; incl. 132.00m @ 1.89g/t A
Slide 5: Chilean Gold Exploration and Development
CHILEAN GOLD EXPLORATION AND DEVELOPMENT PROXIMATE TO ESTABLISHED INFRASTRUCTURE AND EXISTING MINES LARGEST AND MOST PROSPECTIVE Chanaral Au GOLD PROJECT IN CHILE For personal use only Cu/Fe FIRST MOVER ADVANTAGE WITH El Zorro Cu Gold Project 570km2 OF TENURE Cu/Au • Coastal location surrounded by m
Slide 6: Ternera and Beyond: Dual Track Advancement Strategy
EL ZORRO GOLD PROJECT TERNERA AND BEYOND DUAL TRACK ADVANCEMENT STRATEGY DEVELOPING DISTRICT For personal use only TERNERA DISCOVERIES REFINE THE DEVELOPMENT PATHWAY EXTEND CONTINUITY OUTSIDE TERNERA CONTINUE GROWING THE RESOURCE BASE TEST TERNERA STYLE TARGETS DISCOVER AND DEFINE NEW TARGETS CONTIN
Slide 7: Corporate Overview
CORPORATE OVERVIEW CORPORATE STRUCTURE TESORO GOLD (ASX:TSO, OTCQB:TSORF) Pro forma capital structure1 Register detail Gold Fields strategic investment For personal use only Share price A$0.026 7% • Globally diverse South African gold producer Shares on issue ~1,553.6M with nine operating mines in A
Slide 8: Highly Experienced Board
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 • Previously Managin
Slide 9: Deep Chilean Expertise
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 • Lawyer and Ma
Slide 10: 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 CHILE’S FIRST EVER INTRUSION-RELATED GOLD SYSTEM • Surface gold confirmed over 50km of strike • Associated with intrusive rocks – El Zorro Tonalites • Mineralised from surface to ove
Slide 11: Ternera | 1.3Moz of Gold and Growing
TERNERA | 1.3Moz OF GOLD AND GROWING A MAJOR NEW GOLD DEPOSIT IN CHILE1 TERNERA S N For personal use only 1.3Moz DEPOSIT CHILE’S FIRST EVER INTRUSION-RELATED GOLD SYSTEM • Multiple mineralised drill intercepts outside the existing US$1,800/oz pit shell • Open in all directions • Mineralised from sur
Slide 12: New Discoveries Adjacent to Ternera: Ternera East
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’ (HOLE ZDDH0341)1 • Two substantial, well-mineralised zones including; 7 • 49.50m @ 0.55g/t Au from 179.00m, including; • 15.40m @ 1.21g
Slide 13: New Discoveries Adjacent to Ternera: Drone Hill
NEW DISCOVERIES ADJACENT TO TERNERA NEW DISCOVERY AT 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 HILL1 • 1.8m @ 77.15g/t Au from 59.2m (ZDDH0338), incl
Slide 14: 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 48.5Mt to 101.0Mt at 100,000 3,000 3,000 0.91g/t Au to 1.45g/t Au1 2,500 80,000 Indicates Ternera cou
Slide 15: Developing Ternera: Scoping Study Outcomes
DEVELOPING TERNERA TECHNICALLY AND FINANCIALLY ROBUST SCOPING STUDY OUTCOMES1 MINE SCHEDULE MINING PHYSICALS STANDARD CIP PLANT For personal use only 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 metallurgy
Slide 16: Detailed 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 17: 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 18: +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 19: 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 20: Large, Highly Prospective Gold Project
For personal use only 1 LARGE, HIGHLY PROSPECTIVE GOLD PROJECT Strategically positioned, and located in a premier mining jurisdiction EXISTING 1.5Moz MINERAL RESOURCE ESTIMATE 2 Delivered at a low US$14/oz discovery cost and 99% success rate 3 EXCEPTIONAL METALLURGY FOR SIMPLE PROCESS FLOW Single st
Slide 21: 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 22: 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 23: 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 24: 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 25: Appendix D: Mining Reigns Supreme in Chile
APPENDIX D 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