Slide 1: El Zorro Gold Project Chile – Ternera Mineral Resource Presentation
For personal use only El Zorro Gold Project Chile Scale, Simplicity, Strategic Location & Exceptional Metallurgy Ternera Mineral Resource Presentation May 2022 ASX:TSO OTCQB:TSORF
Slide 2: Disclaimer
Disclaimer For personal use only 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 (Info
Slide 3: Ternera – Maiden MRE Since July 2021
Ternera – Maiden MRE Since July 2021 For personal use only • Drilling to support the updated MRE1 • 155 diamond drill holes (55,000m) • Detailed geological review has unlocked higher-grade potential • 440koz of gold resource added Tesoro Gold (ASX:TSO) | TERNERA RESOURCE PRESENTATION 1 – MRE = Miner
Slide 4: May 2022 – Ternera Gold Deposit Resource Update
May 2022 –Ternera Gold Deposit Resource Update For personal use only 1.1Moz @ 1.12 g/t Au and growing1 Indicated Inferred Total Cutoff Au g/t Mt Au g/t koz Mt Au g/t koz Mt Au g/t koz 2.00 1.8 3.93 223 2.0 3.63 230 3.7 3.77 453 1.00 4.4 2.41 341 5.2 2.23 373 9.6 2.31 715 0.50 9.3 1.51 453 12.0 1.36
Slide 5: A Robust Open Pit Resource
Ternera – A Robust Open Pit Resource For personal use only • Multiple well-defined, continuous high-grade zones start at surface • High proportion of ounces in high-grade zones – 715koz @ 2.31 g/t Au at a 1.00g/t Au cutoff1 • From surface (≈620mRL) to 325mRL Ounces per Vertical Metre (OVM) averages
Slide 6: Key Metrics
Ternera – Key Metrics For personal use only • 1.1Moz @ 1.12 g/t Au1 • 46% indicated • 75% of Indicated Resource in upper 200m • Mineralisation continuous from surface to >500m depth • Drilled over 1.3km long – up to 750m wide • 300 diamond drill holes for >100,000m drilled • AUD21/oz discovery cost
Slide 7: A Robust Open Pit Resource
Ternera – A Robust Open Pit Resource For personal use only Au g/t • 503koz now in Indicated classification1 1.50-2.50 2.50-5.00 • 46% of total resource Indicated >5.00 • Continuity and grade improvements achieved by: • ≈55,000m of additional drilling since July 2021 (155 holes) • Increased drilling
Slide 8: Growth Potential
Ternera – Growth Potential For personal use only • 1.3Moz @ 1.06 g/t unconstrained Indicated and Inferred Resource1 • Highlights potential for continued growth • Well-defined, high-grade zones beneath the USD1,800/oz pit shell – Underground Potential • Multiple wide-spaced drill intercepts outside o
Slide 9: Value Drivers
Ternera – Value Drivers For personal use only Wide Ore Zones from Surface • With high ounces per vertical metre Rapid and Cost Effective Resource Delineation • AUD21/oz discovery cost well below global average of USD45/oz for greenfields discovery Open Pittable Deposit • Amenable to low cost bulk mi
Slide 10: El Zorro – Unlocking a District Scale Gold System
El Zorro – Unlocking a District Scale Gold System For personal use only Immediate Focus • Continue to expand the Ternera Gold Resource with drilling • Delineate and drill Ternera repeats on the El Zorro concessions • Complete scoping study & build organisational capability to progress El Zorro to pr
Slide 11: Tesoro Gold Limited contact details
For personal use only Tesoro Gold Limited Suite 5, 62 Ord Street West Perth, WA 6005 Phone: +61 8 9322 1587 Email: info@tesorogold.com.au Web: www.tesorogold.com.au