Tesoro Gold Ltd · ASX:TSO
Tesoro Gold — Investor Presentation (March 2023)
22 slides from Tesoro Gold's investor presentation, Mar 15, 2023
Slide 1: Investor Presentation – El Zorro Gold Project, Chile
For personal use only INVESTOR PRESENTATION EL ZORRO GOLD PROJECT, CHILE MARCH 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: Rapid Growth and Advancement of the El Zorro Gold Project
TESORO GOLD LIMITED RAPID GROWTH AND ADVANCEMENT OF THE EL ZORRO GOLD PROJECT Au $ For personal use only Au 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 4: 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 Economic assessment, Define ounces outside of the planning and permitting existing Ternera Deposit CONTI
Slide 5: Gold Fields Strategic Investment
GOLD FIELDS STRATEGIC INVESTMENT HIGH QUALITY SUPPORTIVE PARTNERSHIP For personal use only • Partnering with one of the world’s largest gold mining firms • Globally diverse South African gold producer with eight mining operations and projects through Australia, Chile, Ghana, Peru and South Africa •
Slide 6: Location: Strategically Positioned Tenure
A. LOCATION | STRATEGICALLY POSITIONED TENURE PROXIMATE TO ESTABLISHED INFRASTRUCTURE AND EXISTING MINES For personal use only • El Zorro Gold Project 85% owned by Tesoro Gold Au Chanaral • One of the largest and most prospective gold projects in Cu/Fe Chile, covering 570km2 of tenure El Zorro Cu Go
Slide 7: Location: Tier 1 Mining Jurisdiction
A. LOCATION | TIER 1 MINING JURISDICTION MINING REIGNS SUPREME IN THE CHILEAN NORTH For personal use only • Mining is a key contributor to the Chilean economy • representing over half of the country’s total exports The Fraser Institute’s 2020 annual survey ranked Chile as the best country in South A
Slide 8: Resource: 1.3 Moz Ternera Gold Deposit
B. RESOURCE | CHILE’S NEWEST GOLD DISCOVERY 1.3 MOZ TERNERA GOLD DEPOSIT For personal use only • 33.7Mt @ 1.18g/t Au for 1.3Moz1 at 0.3g/t Au cut-off, with underground resource reported at 1.5g/t Au cut off • Unconstrained classified resource of 42.6Mt @ 1.07g/t Au for 1.46Moz1, at 0.3g/t Au cut-off
Slide 9: Resource: Developing Ternera
B. RESOURCE | DEVELOPING TERNERA RECENT MINERAL RESOURCE UPDATE For personal use only • Currently 802koz (63%) of total MRE within Indicated classification1 1.50-2.50 • 2.50-5.00 Orebody starting at surface to over 500m >5.00 depth with 77.5% of Indicated Resource in upper 200m • Additional well-def
Slide 10: Growth: Current MRE Is Just the Beginning
C. GROWTH | CURRENT MRE IS JUST THE BEGINNING EXISTING DRILLING INFORMS SIGNIFICANT GROWTH POTENTIAL For personal use only • Exploration Target of 48.5 Mt to 101.0 Mt at Drilled metres Resource (kOz Au) 0.91g/t Au to 1.45g/t Au1 120,000 Tenera constrained MRE 3,500 3,000 • Indicates Ternera could po
Slide 11: Growth: Rapid Resource Delineation
C. GROWTH | RAPID RESOURCE DELINEATION EXPLORATION SUCCESS CONFIRMED EL ZORRO AS A NEW GOLD DISTRICT For personal use only MAR 2021 JUL 2021 JAN 2022 MAY 2022 NOV 2022 Increased Maiden Mineral Gold discovered at Ternera MRE Gold Fields Ltd makes ownership of El Resource Estimate Drone Hill target, 2
Slide 12: Growth: Additional District Discoveries
C. GROWTH | ADDITIONAL DISTRICT DISCOVERIES IS TERNERA THE FIRST OF MANY? For personal use only • Surface gold confirmed over 50km of strike - major gold belt potential • More than 570km2 of unexplored tenure • Multiple El Zorro Tonalite dyke swarms (EZT, gold host rock) – strong potential for Terne
Slide 13: 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 Kristie Young Managing Director Executive Director Non-Executive Director Non-Executive Director Mining and Development • Geologist with more than 20
Slide 14: Deep Chilean Expertise
DEEP CHILEAN EXPERTISE DEDICATED IN COUNTRY TEAM OF LOCAL SPECIALISTS For personal use only Sergio Uribe Ruben Cahuana Tatania Garcia Francisco Varela Echaurren Country Manager Exploration Manager Manager Legal Counsel Chile Chile Permitting, Community Relations Chile and Sustainability • Administra
Slide 15: Corporate Snapshot
CORPORATE SNAPSHOT TESORO GOLD (ASX: TSO, OTCQB:TSORF) For personal use only Capital structure Register detail4 Share price1 A$0.032 9.4% Shares on issue2 1,053.5 M 14.9% Performance rights2 73.41 M 56.2% Listed options (ASX: TSOO and ASX: TSOOA)2 174.76 M 19.5% Market capitalisation (undiluted) A$3
Slide 16: Catalysts on the Value Realisation Pathway
UNLOCKING EL ZORRO’S FULL POTENTIAL CATALYSTS ON THE VALUE REALISATION PATHWAY For personal use only DEVELOPING DISTRICT TERNERA DISCOVERIES • MRE increased and upgraded with initial • Kitsune maiden drilling program to commence Exploration Target defined Q1 2023 Q2 2023 • Ternera expansion drilling
Slide 17: 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 18: Tesoro Gold Limited
For personal use only TESORO GOLD LIMITED Level 48 152-158 St Georges Terrace Perth, WA 600 +61 8 6311 9160 [email protected] www.tesorogold.com.au ASX:TSO | OTCQB:TSORF Tesoro Gold (ASX:TSO | OTCQB:TSORF) | CORPORATE PRESENTATION
Slide 19: Appendix A: Ternera Mineral Resource Estimate
APPENDIX A TERNERA MINERAL RESOURCE ESTIMATE (MRE) For personal use only Constrained 1.28 Moz Au MRE: US$1,800/oz optimised pit shell, underground reported at 1.5 g/t Au cut off1 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
Slide 20: Appendix B: Preliminary Process Plant Flowsheet
APPENDIX B PRELIMINARY PROCESS PLANT FLOWSHEET For personal use only 45% gold recovered by gravity 94.5% total recovery at 150 micron grind size1 SIMPLE FLOWSHEET single stage crushing, gravity and CIL 1. Refer to ASX announcement, 10 December 2021 Tesoro Gold (ASX:TSO | OTCQB:TSORF) | CORPORATE PRE
Slide 21: Appendix C: Environmental and Social Strategy
APPENDIX C ENVIRONMENTAL AND SOCIAL STRATEGY For personal use only ALIGNED TO THE UNITED NATIONS (UN) SUSTAINABLE DEVELOPMENT GOALS (SDG) WITH A COMMITMENT TO ENSURING EXPLORATION AND OPERATIONAL ACTIVITIES GENERATE POSITIVE SUSTAINABILITY OUTCOMES Health and safety Occupational Health and Safety ar
Slide 22: Appendix D: El Zorro Top Ten Drill Intercepts
APPENDIX D EL ZORRO GOLD PROJECT | TOP TEN DRILL INTERCEPTS1 For personal use only 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 3. ZDDH0069: 267.00m @ 1.12g/t Au; incl. 132.00m @ 1.89g/t Au 4. ZDDH