Slide 1: Retraction and Replacement Presentation
ASX ANNOUNCEMENT 29 July 2021 ASX: TSO | ACN 106 854 175 Retraction and Replacement Presentation Tesoro Resources Limited (Tesoro or the Company) retracts the Presentation released on ASX earlier today, 29 July 2021, and provides the attached replacement Presentation. The Company advises that statem
Slide 2: El Zorro Gold Project Presentation, July 2021
Aerial View of the Ternera Prospect Looking North El Zorro Gold Project Presentation, July 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 the Presentation (Information) is summa
Slide 4: 18 Months on the ASX
18 MONTHS ON THE ASX MANAGEMENT FOCUSED ON RAPIDLY ADVANCING THE EL ZORRO GOLD PROJECT ▪ A$31.6M Raised Since March 2020 ASX Listing ▪ >87% of Capital deployed into El Zorro ▪ >61km of Diamond Drilling ▪ 6 Rigs Drilling 24/7 ▪ 660koz Maiden Resource Estimate at Ternera ▪ Deposit remains open in all
Slide 5: El Zorro Gold Project Maiden Mineral Resource
EL ZORRO GOLD PROJECT MAIDEN MINERAL RESOURCE 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 13.7 1.08 476 15.4 1.09
Slide 6: Ternera Large Scale Open Pit Bulk Mining Potential
TERNERA LARGE SCALE OPEN PIT BULK MINING POTENTIAL ▪ Mineralised from Surface ▪ No Overburden ▪ Multiple Outcropping High Grade Lodes ▪ Strike & Depth Continuity ▪ Continuity maintained at higher cut-off grades ▪ Reduce strip via conversion of mineralised waste ▪ Ternera East could significantly cha
Slide 7: El Zorro – More Value to Come
EL ZORRO – MORE VALUE TO COME ▪ New Intrusive Related Gold District ▪ Rapid & Cost-Effective resource delineation – 65 holes to be add to model prior to year end ▪ Major Extensions at Ternera South & Ternera East to be included in resource upgrade ▪ Significant Future Resource Upgrades ▪ Material Ex
Slide 8: Tesoro – Focus for 2021
TESORO – FOCUS FOR 2021 Ternera El Zorro District Regional Exploration Studies & Development ▪ Resource Definition Drilling to ▪ Define resources at ▪ Regional Targeting to find ▪ Detailed Metallurgical Extend & Upgrade resources Ternera East & Drone Hill Ternera Analogues Testwork underway ▪ Contin
Slide 9: El Zorro Will Continue to Grow
EL ZORRO WILL CONTINUE TO GROW ▪ Continue to grow resources at El Zorro with additional low cost drilling ▪ Identify new targets 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 access
Slide 10: Tesoro Resources – An Experienced Team
APPENDIX 2 TESORO RESOURCES – AN EXPERIENCED TEAM BOARD & MANAGMENT 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, technology, general
Slide 11: Appendix 3 – Material ASX Announcements
APPENDIX 3 – MATERIAL ASX ANNOUNCEMENTS ASX:TSO Date Announcement Title Date Announcement Title 28/07/2021 Maiden Mineral Resource Estimate sets foundation at El Zorro 23/10/2020 Infill drilling continues to intercept gold bearing zones 6/07/2021 New Discovery expands Ternera Gold System 500m to the
Slide 12: Ternera Resource Estimation Parameters
APPENDIX 4 – TERNERA RESOURCE ESTIMATION PARAMETERS Mineral Resource Estimate Pit Optimisation Parameters ▪ The following parameters were used to generate an ▪ 148 HQ diameter diamond drill holes used (46,937m) optimised pit shell that reported a 0.30 g/t Au cut-off grade ▪ Domaining based on 3D mod