Tesoro Gold Ltd · ASX:TSO
Tesoro Gold — Noosa Mining & Exploration Conference 2022
27 slides from Tesoro Gold's conference presentation, Nov 9, 2022
Slide 1: Tesoro Presenting at Noosa Mining & Exploration Conference
Sign up HERE to our Investor Hub ASX ANNOUNCEMENT ASX: TSO OTCQB: TSORF 9 November 2022 For personal use only Tesoro Presenting at Noosa Mining & Exploration Conference Friday, 11 November 2022 Tesoro Gold Limited (“Tesoro” or “the Company”) (ASX:TSO, OTCQB:TSORF) advises that the Company is attendi
Slide 2: El Zorro Gold Project Chile
For personal use only El Zorro Gold Project Chile Scale, Simplicity, Strategic Location & Exceptional Metallurgy November 2022 ASX:TSO OTCQB:TSORF Tesoro Gold (ASX:TSO | OTCQB:TSORF) | CORPORATE PRESENTATION
Slide 3: 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 4: Tesoro Gold – A Brief History
Tesoro Gold – A Brief History For personal use only Feb 2020 March 2021 March 2022 • Listed on the ASX • Increased ownership • Drilled ZDDH0288 63.93m @ 7.61g/t Au • First hole drilled post of El Zorro to 85% incl 7.00m @ 66.10g/t Au listing ZDDH0017 86.45m @ 2.29g/t Au 2017 April 2021 incl 15m @ 10
Slide 5: Tesoro's Growth Strategy
Tesoro’s Growth Strategy For personal use only Utilise Extensive Geological & Mining Expertise to Discover & Build the High Quality El Zorro Gold Project in the ‘Core Atacama’ Province of Chile Location The Asset The Future Atacama Region, Chile El Zorro Gold Project Resource Growth and Discovery >5
Slide 6: Tesoro's Growth Strategy
Tesoro’s Growth Strategy For personal use only Tesoro has a dual strategic focus to unlock the full potential at El Zorro District Discovery Ternera Growth Discover and develop deposits on the >570km2 of regional Discover and define mineralisation proximal to the exploration outside of Ternera and u
Slide 7: Investment Highlights
Investment Highlights For personal use only • Tesoro holds one of the largest & most prospective Au gold projects in Chile. Chanaral • Strategically positioned, established infrastructure Cu/Fe & surrounded by mines. El Zorro Cu • Intrusive Related Gold System (IRGS). Gold Project • Resource of 30.5
Slide 8: El Zorro Gold Project: Chile's Newest Gold Discovery
El Zorro Gold Project: Chile’s Newest Gold Discovery For personal use only • Tesoro Owns 85% of the El Zorro Gold Project (1). • 30.5Mt @ 1.12g/t Au for 1.1Moz at 0.3g/t Au cut-off (2) defined by 300 diamond drill holes. • High-grade opportunity using 1.0g/t cut off: • 9.6Mt @ 2.31g/t Au for 715koz.
Slide 9: Ternera – Expanding 1.1Moz Resource
Ternera – Expanding 1.1Moz Resource1 For personal use only • Ternera Deposit Open in all directions. • Continue drilling to grow resource base. Au g/t 1.50-2.50 • Ternera orebody starts at surface. 2.50-5.00 • Multiple continuous high-grade zones. >5.00 Indicated Inferred Total Cutoff Au g/t Mt Au g
Slide 10: Ternera – A Robust Open Pit Resource
Ternera – A Robust Open Pit Resource For personal use only • Ternera Deposit Open in all directions. • Multiple wide-spaced drill intercepts outside of resource. • Excellent potential for continued growth & conversion of waste to ore. • Multiple high-grade zones. • 715koz @ 2.31g/t Au 1.00g/t Au cut
Slide 11: Ternera – A Robust Open Pit Resource
Ternera – A Robust Open Pit Resource For personal use only • Improve classification and upgrade MRE. • Attractive and simple metallurgy. • 45% of gold recovered by Gravity. • 94.5% total recovery @ 150 micron grind size1. • Simple Flowsheet Single Stage Crushing, Gravity & CIL2. ZDDH0297 Drill Secti
Slide 12: High-Grade Open Pit Potential
High-Grade Open Pit Potential For personal use only Au g/t • 503koz in Indicated classification1. 1.50-2.50 2.50-5.00 • 46% of total resource Indicated. >5.00 • 75% of Indicated Resource in upper 200m: • Increased drilling density: • <25m for Indicated; and • <50m for Inferred. • 1.3Moz @ 1.06g/t un
Slide 13: El Zorro Intrusion Related Gold Belt: Is Ternera the first of many?
El Zorro Intrusion Related Gold Belt: Is Ternera the first of many? For personal use only • Newly recognised IRGS in Chile. • >570km2 of unexplored potential. • Large surface gold footprint. • Multiple undrilled gold targets. • Multiple El Zorro Tonalite dyke swarms (EZT, gold host rock). • Surface
Slide 14: 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 and improve the Ternera Gold Resource with drilling. • Delineate & drill Ternera repeats on the El Zorro concessions. • Complete studies to demonstrate economic viability of the project. Key
Slide 15: Company Strategy & Corporate Snapshot
Company Strategy & Corporate Snapshot For personal use only Capital Structure Shares on Issue 853.5 million Performance Rights 104 million(1) Market Capitalisation A$28 million Cash (2) A$0.6 million Debt Nil At The Market Facility $5 Million Shareholders Top 20 48% Board & Management 13% Institutio
Slide 16: Board & Management
Board & Management For personal use only Geologist with >20 years of resources experience taking >30 years of international resource sector experience as a projects from greenfields exploration, discovery, definition & Geologist, Project Manager & Fund Manager. Previously feasibility, construction,
Slide 17: Board & Management
Board & Management For personal use only Administrative, management & development professional with experience in Chile working from greenfield exploration, discovery, production, closure, retreatment & tailings reclamation. Part of the development team with Fortescue at its Pilbara mining operation
Slide 18: Chile - Key People
Chile - Key People For personal use only >15 years’ mining and exploration experience in Chile, Peru, and the Dominican Republic. Personnel and project management expertise including strategic planning with a focus on safety and ESG. Extensive background in geological mapping, geochemical sampling,
Slide 19: Recent Activity
Recent Activity For personal use only Calderillas Access and Drill Pad Tesoro Team Calderillas Drill Pad Calderillas Access Tesoro Gold (ASX:TSO | OTCQB:TSORF) | CORPORATE PRESENTATION 18
Slide 20: El Zorro Gold Project - Top Drill Intercepts
El Zorro Gold Project - Top 10 Drill Intercepts1 For personal use only ZDDH0297 - 434.60m @ 1.22g/t Au incl 89.95m @ 3.07g/t Au incl 20.80m @ 9.19g/t Au ZDDH0288 - 63.93m @ 7.61g/t Au incl 7.00m @ 66.10g/t Au ZDDH0069 – 267.00m @ 1.12g/t Au incl 132.00m @ 1.89g/t Au ZDDH0154 - 67.00m @ 3.44g/t Au in
Slide 21: El Zorro Gold Project – Appendices
El Zorro Gold Project – Appendices Scale, Simplicity & Exceptional Metallurgy in a Strategic Location For personal use only 1.1M oz & growing Up to 45 %Gravity Recovery Conventional Processing Coastal Location Chile Surface Gold to over Mining Friendly 500m Depth New Gold District Developing a Matur
Slide 22: Appendix 1: Mineral Resource
Appendix 1: Mineral Resource For personal use only Mineral Resource Estimate of 1.1Moz Gold within a USD1,800 per ounce optimised pit shell announced on 23 May 2022. Indicated Inferred Total Cut-off Au Mt Au g/t koz Mt Au g/t koz Mt Au g/t koz g/t 0.3 13.3 1.18 503 17.2 1.07 593 30.5 1.12 1,096 0.5
Slide 23: Appendix 2: El Zorro Preliminary Process Plant Flowsheet
Appendix 2: El Zorro Preliminary Process Plant Flowsheet For personal use only Tesoro Gold (ASX:TSO | OTCQB:TSORF) | CORPORATE PRESENTATION 22
Slide 24: Appendix 3: Environmental & Social Strategy
Appendix 3: Environmental & Social Strategy For personal use only Our environmental & social strategy is aligned to the United Nations (UN) Sustainable Development Goals (SDG) with the company committed to ensuring its exploration & operational activities generate positive sustainability outcomes. S
Slide 25: Appendix 4: Why Chile
Appendix 4: Why Chile For personal use only • Low Sovereign Risk: Chile has a population of >19 million people, one of South America’s most stable & prosperous nations, enabling the country to significantly reduce poverty. Chile’s GDP was 17.4% in 4th Qtr 2021 (1), second-fastest pace of expansion o
Slide 26: Appendix 5: Performance Rights Summary
Appendix 5: Performance Rights Summary For personal use only Perfomance Rights Milestones Milestone Milestone Status Quantity Deadline >1Moz resource at >1g/t Au VESTED 50,060,000 >2Moz resource at >1g/t Au 29-Jan-24 UNVESTED 20,940,000 Completed Positive definitive feasibilty Study 29-Jan-25 UNVEST
Slide 27: Tesoro Gold Limited
For personal use only Tesoro Gold Limited Level 48, 152-158 St Georges Terrace Perth, WA 600 Phone: +61 8 6311 9160 Email: info@tesorogold.com.au Web: www.tesorogold.com.au Tesoro Gold (ASX:TSO | OTCQB:TSORF) | CORPORATE PRESENTATION
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