Tesoro Gold Ltd · ASX:TSO
Tesoro Gold — Investor Presentation (November 2023)
20 slides from Tesoro Gold's investor presentation, Nov 13, 2023
Slide 1: Investor Presentation - El Zorro Gold Project, Chile
For personal use only INVESTOR PRESENTATION EL ZORRO GOLD PROJECT, CHILE NOVEMBER 2023 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 Tesoro Gold Limited (Tesoro or the Company) and approved by the Board of the Company. The information contained in the Presentation (Information) is summary on
Slide 3: Unlocking El Zorro's Full Potential - Dual Track Advancement Strategy
UNLOCKING EL ZORRO’S FULL POTENTIAL DUAL TRACK ADVANCEMENT STRATEGY For personal use only DEVELOPING DISTRICT TERNERA DISCOVERIES REFINE THE DEVELOPMENT CONFIRM CONTINUITY OUTSIDE PATHWAY TERNERA Phase 2 metallurgical testwork, Define ounces outside of the planning and permitting existing Ternera De
Slide 4: Corporate Snapshot
CORPORATE SNAPSHOT TESORO GOLD (ASX: TSO, OTCQB: TSORF) Capital structure (pro-forma)1 Gold Fields Strategic Investment For personal use only Share price2 A$0.019 • Continued support from one of the world’s largest gold mining companies Shares on issue3 1,220.3 M • Globally diverse South African gol
Slide 5: Rapid Resource Delineation
RAPID RESOURCE DELINEATION EXPLORATION SUCCESS CONFIRMED EL ZORRO AS A NEW GOLD DISTRICT APRIL 20232 TERNERA GOLD DEPOSIT For personal use only MAR 2021 JUL 2021 JAN 2022 MAY 2022 NOV 2022 PHASE 1 OPEN PIT SEP 2023 Increased Maiden Mineral Gold discovered at Ternera MRE Gold Fields Ltd makes SCOPING
Slide 6: Rapid Growth and Advancement of the El Zorro Gold Project
TESORO GOLD LIMITED RAPID GROWTH AND ADVANCEMENT OF THE EL ZORRO GOLD PROJECT Au $ Au For personal use only Cu/Fe Cu Cu/Au A. LOCATION B. RESOURCE C. GROWTH Large surface Increased and Further gold footprint on upgraded unlocking a 570km2 of 1.3 Moz1 Ternera district scale tenure Gold Deposit gold s
Slide 7: Strategically Positioned Tenure
A. LOCATION | STRATEGICALLY POSITIONED TENURE PROXIMATE TO ESTABLISHED INFRASTRUCTURE AND EXISTING MINES • El Zorro Gold Project 93.8% owned by 95% owned For personal use only Au subsidiary Tesoro Mining Chile SpA Chanaral Cu/Fe • One of the largest and most prospective gold projects in El Zorro Cu
Slide 8: Tier 1 Mining Jurisdiction
A. LOCATION | TIER 1 MINING JURISDICTION MINING REIGNS SUPREME IN THE CHILEAN NORTH • Mining is a key contributor to the Chilean economy CHILE For personal use only representing over half of the country’s total exports • The Fraser Institute’s 2020 annual survey ranked Chile as the best country in S
Slide 9: Developing Ternera - Continuous High-Grade Mineralisation
B. RESOURCE | DEVELOPING TERNERA CONTINUOUS HIGH-GRADE MINERALISATION FROM SURFACE • Currently 802koz (63%) of total MRE within For personal use only Indicated classification1 1.50-2.50 • 2.50-5.00 Orebody starting at surface to over 500m depth >5.00 with 77.5% of Indicated Resource in upper 200m •
Slide 10: Chile's Newest Gold Discovery - Extensions North and South
B. RESOURCE | CHILE’S NEWEST GOLD DISCOVERY MAJOR OUTCROPPING GOLD EXTENSIONS NORTH AND SOUTH • Surface sampling has delineated a vast >10km continuous mineralised For personal use only system extending from south of Ternera at Buzzard, north to Kitsune and continuing to Calderillas North • Individu
Slide 11: Major New Outcropping Gold Anomaly at Drone Hill
B. RESOURCE | CHILE’S NEWEST GOLD DISCOVERY MAJOR NEW OUTCROPPING GOLD ANOMALY AT DRONE HILL • Surface sampling has delineated a new large outcropping gold anomaly For personal use only which has never been drilled at Drone Hill, with wide outcropping intersections of up to 47m wide, including: • 47
Slide 12: Technically and Financially Robust Scoping Study Outcomes
B. RESOURCE | DEVELOPING TERNERA TECHNICALLY AND FINANCIALLY ROBUST SCOPING STUDY OUTCOMES1 MINE SCHEDULE MINING PHYSICALS STANDARD CIP PLANT For personal use only 17.1 Mt at 1.25 g/t gold 2.4 Mtpa throughput 94.5% gold recovery Initial open pit mine For initial 8-year operating life Simple non-refr
Slide 13: Detailed Phase 1 Open Pit Scoping Study Outcomes
B. RESOURCE | 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 PI
Slide 14: Current MRE Is Just the Beginning
C. GROWTH | CURRENT MRE IS JUST THE BEGINNING EXISTING DRILLING INFORMS SIGNIFICANT GROWTH POTENTIAL • Exploration Target of 48.5 Mt to 101.0 Mt at Drilled metres Resource (kOz Au) For personal use only 0.91g/t Au to 1.45g/t Au1 120,000 Ternera constrained MRE 3,500 3,000 • Indicates Ternera could p
Slide 15: Additional District Discoveries
C. GROWTH | ADDITIONAL DISTRICT DISCOVERIES IS TERNERA THE FIRST OF MANY? • Surface gold confirmed over 50km of strike - major gold belt potential For personal use only • More than 570km2 of unexplored tenure • Multiple El Zorro Tonalite dyke swarms (EZT, gold host rock) – strong potential for Terne
Slide 16: Highly Experienced Board
HIGHLY EXPERIENCED BOARD WITH A TRACK RECORD OF EXPLORATION AND DEVELOPMENT SUCCESS For personal use only Zeffron Reeves Linton Putland Geoff McNamara Alan Gibson Managing Director Executive Director Non-Executive Director Non-Executive Director Mining and Development • Geologist with more than 20 y
Slide 17: Deep Chilean Expertise
DEEP CHILEAN EXPERTISE DEDICATED IN COUNTRY TEAM OF LOCAL SPECIALISTS For personal use only Ruben Cahuana Sergio Uribe Exploration Manager Francisco Varela Echaurren Country Manager Chile Legal Counsel Chile Chile • Geologist and Geotechnical • Administrative, management and engineer with more than
Slide 18: Large, Highly Prospective Gold Project
For personal use only 1 LARGE, HIGHLY PROSPECTIVE GOLD PROJECT Strategically positioned, and located in a Tier 1 mining jurisdiction EXISTING 1.3 Moz 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 19: Tesoro Gold Limited
For personal use only TESORO GOLD LIMITED Level 48 152-158 St Georges Terrace Perth, WA 600 +61 8 6311 9160 info@tesorogold.com.au www.tesorogold.com.au ASX:TSO | OTCQB:TSORF Tesoro Gold (ASX:TSO | OTCQB:TSORF) | CORPORATE PRESENTATION
Slide 20: Appendix A - Ternera Mineral Resource Estimate
APPENDIX A TERNERA MINERAL RESOURCE ESTIMATE (MRE) Constrained 1.28 Moz Au MRE: US$1,800/oz optimised pit shell, underground reported at 1.5 g/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 7