Announcement PDF ASX ANNOUNCEMENT 6 JULY 2021 ASX: TSO | ACN 106 854 175 New Discovery expands Ternera Gold System 500m to the East ▪ First hole drilled at Ternera East returns multiple zones of gold mineralisation: • ZDDH0149 ▪ ▪ ▪ ▪ ▪ 21.28m @ 0.34g/t Au from 97.50m including: 4.50m @ 1.14g/t Au from 105.00m and; 36.00m @ 0.40g/t Au from 243.00m including: 4.00m @ 1.69g/t Au from 249.00m and; 1.05m @ 1.77g/t Au from 272.95m. ▪ ▪ Hole ZDDH0149 expands the drilled Ternera Gold System approximately 500m to the east. ▪ ▪ ▪ Significantly enhanced mineralised footprint and open pit potential at El Zorro. ▪ ▪ ▪ Tesoro has completed 190 diamond drillholes at El Zorro for 58,555 metres. Multiple mineralised El Zorro Tonalite (EZT) bodies intercepted which occur within the hanging wall of the main Ternera Gold Deposit. Additional drilling planned to delineate gold resources at Ternera East. A second hole at Ternera East (ZDDH0166) has intercepted altered EZT up to 100m thick, assays pending. Assays remain outstanding for 57 diamond drill holes. Ternera gold mineralisation remains open in all directions and drilling continues, with six drill rigs operating 24/7. Tesoro Resources Limited (Tesoro or the Company) (ASX:TSO) is pleased to announce assay results from the first hole drilled at the Ternera East Target located at the Company’s El Zorro Gold Project (El Zorro) in Chile. Assays were received for hole ZDDH0149 which returned gold mineralisation from two zones of the EZT, the favourable gold host rock at El Zorro. Significant intercepts are presented in Table 1. All significant intercepts from El Zorro to date are presented in Appendix 1 of this announcement. Tesoro Managing Director, Zeff Reeves commented: “This result is a significant development for the El Zorro Gold Project and highlights the potential for the Ternera Gold Deposit to continue to expand with additional exploration and drilling. This is an exceptional result for the first hole into the new Ternera East Target and indicates the presence of significant gold mineralisation with the EZT in the hanging wall of the Ternera Gold Deposit. The Tesoro team is prioritising additional drilling at Ternera East to rapidly delineate what is emerging as a major extension to the expanding Ternera Gold Deposit”. 1 +61 8 9322 1587 | info@tesororesources.com.au | Suite 5, 62 Ord Street, West Perth WA 6005 | www.tesororesources.com.au ASX Announcement 6 July 2021 Figure 1: Ternera Drilling - Collar locations on geology. Results reported in this announcement are noted in gold highlight. Ternera East Surface sampling results shown in white. PSAD56/19S datum. Section line shown in blue. 2 +61 8 9322 1587 | info@tesororesources.com.au | Suite 5, 62 Ord Street, West Perth WA 6005 | www.tesororesources.com.au ASX Announcement 6 July 2021 Figure 2: Ternera Drill Section -140m looking northwest. Hole ZDDH0149 gold mineralisation shown in gold, occurring within the hanging wall of the Ternera Gold Deposit. Commentary Hole ZDDH0149 is the first of two holes drilled to test the newly discovered Ternera East Target at El Zorro. Assay results for ZDDH0149 were given priority through the laboratory to allow rapid planning of additional drilling. The second hole ZDDH0166 is awaiting assays. Ternera East was initially identified from geological mapping and Gradient Array Induced Polarisation (GAIP) surveying, which identified multiple outcropping bodies of the EZT, the favourable gold host rock at El Zorro. Systematic rock chip channel sampling of the EZT outcrops identified extensive surface gold mineralisation and the initial two holes were planned to test the subsurface extents of the surface gold zones. Hole ZDDH0149 intercepted multiple small tonalite bodies up to 20m wide with two zones of gold mineralisation returned. An occurrence of visible gold was noted during logging at 252.00m down hole (Figure 3). This gold mineralisation is significant as it verifies that the EZT remains well mineralised outside of the Ternera Gold Deposit, providing significant scope to define additional gold resources at El Zorro. Furthermore, the newly discovered mineralised EZT bodies occur within the hanging wall zone of the main Ternera Deposit providing potential to enhance the mining economics of any future potential open pit mining operation through a reduced stripping ratio. An additional hole, ZDDH0166 has subsequently been drilled approximately 85m south of hole ZDDH0149 and logging has identified a larger near surface EZT body from 13.60m to 119.50m down hole and multiple deeper EZT bodies from 197.50m to 225.40m and 327.50m to 342.20m. The discovery of these new bodies of mineralised EZT at Ternera East have the potential to add additional gold resources to the Ternera Deposit. Further drilling at Ternera East is being prioritised. 3 +61 8 9322 1587 | info@tesororesources.com.au | Suite 5, 62 Ord Street, West Perth WA 6005 | www.tesororesources.com.au ASX Announcement 6 July 2021 Figure 3: ZDDH0149, 252.00m downhole, visible gold in quartz veining, field of view approximately 3cm Hole_ID From (m) To (m) Interval Au (g/t) Comments ZDDH0149 97.50 118.78 21.28 0.34 ZDDH0149 105.00 109.50 4.50 1.14 including ZDDH0149 108.00 109.50 1.50 2.16 including ZDDH0149 243.00 279.00 36.00 0.40 ZDDH0149 248.00 259.00 11.00 0.81 including ZDDH0149 249.00 253.00 4.00 1.69 including ZDDH0149 249.00 251.00 2.00 2.38 including ZDDH0149 272.95 275.50 2.55 0.96 ZDDH0149 272.95 274.00 1.05 1.77 including Table 1: Significant drill results for hole ZDDH0149 reported in this announcement, results are uncut, no top cut has been applied. A table of significant intercepts for previously reported holes is presented in Appendix 1. 4 +61 8 9322 1587 | info@tesororesources.com.au | Suite 5, 62 Ord Street, West Perth WA 6005 | www.tesororesources.com.au ASX Announcement 6 July 2021 Authorised by the Board of Tesoro Resources Limited. For more information: Company: Zeff Reeves Managing Director Tesoro Resources Limited +61 8 9322 1587 Investors: Peter Taylor NWR Communications +61 (0) 412 036 231 peter@nwrcommunications.com.au About Tesoro Tesoro Resources Limited was established with a strategy of acquiring, exploring, and developing mining projects in the Coastal Cordillera region of Chile. The Coastal Cordillera region is host to multiple world class copper and gold mines, has well established infrastructure, service providers and an experienced mining workforce. Large areas of the Coastal Cordillera remain unexplored due to the unconsolidated nature of mining concession ownership, but Tesoro, via its in-country network and experience has been able secure rights to a district scale gold project in-line with the Company’s strategy. Tesoro’s 95% owned Chilean subsidiary owns 85% of the El Zorro Gold Project. Competent Persons Statement The information in this report that relates to Exploration Results is based on information compiled by Mr Zeffron Reeves (B App Sc (Hons) Applied Geology) MBA, MAIG). Mr Reeves is a member of the Australian Institute of Geoscientists and a Director and shareholder of the Company. Mr Reeves has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity which he is undertaking to qualify as a Competent Person as defined in the 2012 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Mr Reeves consents to the inclusion in this report of the matters based on this information in the form and context in which it appears. Future Performance This announcement may contain certain forward-looking statements and opinion. Forward-looking statements, including projections, forecasts and estimates, are provided as a general guide only and should not be relied on as an indication or guarantee of future performance and involve known and unknown risks, uncertainties, assumptions, contingencies and other important factors, many of which are outside the control of the Company and which are subject to change without notice and could cause the actual results, performance or achievements of the Company to be materially different from the future results, performance or achievements expressed or implied by such statements. Past performance is not necessarily a guide to future performance and no representation or warranty is made as to the likelihood of achievement or reasonableness of any forward-looking statements or other forecast. Nothing contained in this announcement nor any information made available to you is, or and shall be relied upon as, a promise, representation, warranty or guarantee as to the past, present or the future performance of Tesoro. 5 +61 8 9322 1587 | info@tesororesources.com.au | Suite 5, 62 Ord Street, West Perth WA 6005 | www.tesororesources.com.au ASX Announcement 6 July 2021 APPENDIX 1 – SIGNIFICANT INTERCEPT TABLE Hole_ID ZDDH0001 ZDDH0001 ZDDH0001 ZDDH0001 ZDDH0001 ZDDH0001 ZDDH0001 ZDDH0001 ZDDH0001 ZDDH0001 ZDDH0001 ZDDH0001 ZDDH0002 ZDDH0002 ZDDH0002 ZDDH0002 ZDDH0002 ZDDH0003 ZDDH0003 ZDDH0003 ZDDH0003 ZDDH0003 ZDDH0003 ZDDH0003 ZDDH0004 ZDDH0004 ZDDH0004 ZDDH0005 ZDDH0005 ZDDH0005 ZDDH0005 ZDDH0005 ZDDH0005 ZDDH0005 ZDDH0005 ZDDH0005 ZDDH0005 ZDDH0005 ZDDH0005 ZDDH0005 ZDDH0006 ZDDH0006 ZDDH0006 ZDDH0006 ZDDH0006 ZDDH0006 ZDDH0006 ZDDH0006 ZDDH0006 ZDDH0006 ZDDH0006 ZDDH0006 ZDDH0006 ZDDH0006 ZDDH0007 ZDDH0007 ZDDH0007 ZDDH0007 ZDDH0007 ZDDH0008 ZDDH0008 6 From (m) 5.00 5.00 5.00 12.00 14.30 33.64 44.30 64.00 75.50 75.50 107.00 117.00 5.70 8.80 8.80 51.70 58.00 21.00 21.00 21.00 37.20 47.30 64.00 90.00 5.00 56.00 57.00 4.00 4.00 9.80 9.80 51.60 65.00 72.00 72.00 72.00 100.60 130.00 135.80 0.00 2.40 22.60 24.00 46.70 61.10 108.30 133.50 148.00 180.10 180.10 184.00 207.00 226.00 236.00 1.00 39.00 39.00 104.85 117.40 35.00 58.00 To (m) 119.00 15.00 51.30 13.00 15.00 39.00 51.30 65.00 79.00 76.00 112.00 119.00 68.00 24.30 14.00 68.00 61.00 77.30 27.00 22.83 43.00 48.00 77.30 91.00 66.00 66.00 61.00 42.65 32.00 28.00 10.15 52.00 67.00 85.90 75.00 73.00 102.00 132.60 136.80 88.00 3.00 25.95 25.00 50.30 64.02 116.00 135.60 151.80 244.00 181.10 186.00 212.00 227.00 244.00 4.00 66.20 58.00 110.00 118.00 41.10 59.00 Interval 114.00 10.00 46.30 1.00 0.70 5.36 7.00 1.00 3.50 0.50 5.00 2.00 62.30 15.50 5.20 16.30 3.00 56.30 6.00 1.83 5.80 0.70 13.30 1.00 61.00 10.00 4.00 38.65 28.00 18.20 0.35 0.40 2.00 13.90 3.00 1.00 1.40 2.60 1.00 88.00 0.60 3.35 1.00 3.60 2.92 7.70 2.10 3.80 63.90 1.00 2.00 5.00 1.00 8.00 3.00 27.20 19.00 5.15 0.60 6.10 1.00 Au (g/t) 0.35 0.55 0.45 1.64 2.35 0.97 0.67 2.50 0.89 4.82 1.11 2.05 0.54 1.15 1.96 0.78 3.62 0.50 1.96 5.24 1.27 2.00 0.41 1.53 0.97 4.53 9.60 0.65 0.84 1.17 20.10 2.03 1.03 0.52 1.90 4.32 2.07 0.66 12.20 0.15 0.75 2.14 6.10 0.32 0.42 0.30 1.30 0.59 0.23 0.55 1.06 0.77 0.55 0.66 4.75 0.70 0.80 0.34 2.75 0.28 1.43 Comments including including including including including including including including including including including including including including including including including including including including including including including including including including including including including including including including including including including including including including including including including including Hole_ID From (m) To (m) ZDDH0009 4.00 6.00 ZDDH0009 12.55 38.00 ZDDH0009 21.00 26.00 ZDDH0009 48.00 48.50 ZDDH0009 78.00 83.00 ZDDH0010 31.00 33.00 ZDDH0010 60.00 61.00 ZDDH0010 66.00 67.00 ZDDH0010 75.00 159.30 ZDDH0010 75.00 104.00 ZDDH0010 82.50 86.45 ZDDH0010 91.00 102.00 ZDDH0010 93.00 97.00 ZDDH0010 120.00 126.00 ZDDH0010 149.00 159.00 ZDDH0011 176.00 274.30 ZDDH0011 181.70 212.00 ZDDH0011 196.40 212.00 ZDDH0011 203.00 203.70 ZDDH0011 203.00 212.00 ZDDH0011 217.00 222.00 ZDDH0011 246.60 256.40 ZDDH0012 0.00 58.80 ZDDH0012 1.70 22.00 ZDDH0012 1.70 8.40 ZDDH0012 2.30 4.70 ZDDH0012 17.60 22.00 ZDDH0012 17.60 20.00 ZDDH0012 53.20 58.80 ZDDH0012 53.20 56.00 ZDDH0012 151.80 152.20 ZDDH0013 0.00 3.00 ZDDH0013 9.00 14.30 ZDDH0013 25.00 29.80 ZDDH0013 28.55 29.80 ZDDH0013 46.30 70.00 ZDDH0013 46.30 51.50 ZDDH0013 51.25 65.35 ZDDH0013 58.00 65.35 ZDDH0013 102.00 104.00 ZDDH0013 136.00 137.30 ZDDH0013 165.00 173.60 ZDDH0013 170.40 173.00 ZDDH0014 15.30 70.60 ZDDH0014 15.30 34.00 ZDDH0014 15.30 26.30 ZDDH0014 23.00 26.30 ZDDH0014 64.60 70.60 ZDDH0014 64.60 67.35 ZDDH0014 112.00 122.50 ZDDH0014 115.00 117.00 ZDDH0014 177.20 179.00 ZDDH0015 37.90 39.70 ZDDH0015 91.90 132.70 ZDDH0015 91.90 94.60 ZDDH0015 112.00 116.00 ZDDH0015 240.60 242.00 ZDDH0015 265.90 269.00 ZDDH0016 125.00 131.72 ZDDH0016 152.00 204.60 ZDDH0016 188.10 194.00 ZDDH0016 188.58 188.90 ZDDH0016 203.60 204.60 ZDDH0016 281.00 290.00 ZDDH0016 287.50 290.00 Interval 2.00 25.45 5.00 0.50 5.00 2.00 1.00 1.00 84.30 29.00 3.95 11.00 4.00 6.00 10.00 98.30 30.30 15.60 0.70 9.00 5.00 9.80 58.80 20.30 6.70 2.40 4.40 2.40 5.60 2.80 0.40 3.00 5.30 4.80 1.25 23.70 5.20 14.10 7.35 2.00 1.30 8.60 2.60 55.30 18.70 11.00 3.30 6.00 2.75 10.50 2.00 1.80 1.80 40.80 2.70 4.00 1.40 3.10 6.72 52.60 5.90 0.32 1.00 9.00 2.50 Au (g/t) Comments 1.39 0.51 1.09 including 2.19 0.59 2.47 1.16 1.04 1.30 2.95 including 4.97 including 4.70 including 8.50 including 1.11 including 1.07 including 1.58 3.03 including 3.87 including 21.70 including 5.07 including 4.13 including 2.28 including 1.70 4.50 including 12.21 including 33.35 including 2.00 including 2.82 including 0.95 1.42 including 2.29 0.83 0.41 0.72 2.14 including 0.85 1.24 including 1.08 including 1.65 including 0.79 4.97 1.60 2.80 including 1.01 2.19 including 3.40 including 6.18 including 2.03 including 5.00 including 0.52 1.75 including 2.37 1.11 0.37 1.64 including 1.13 including 8.46 0.64 1.47 0.62 3.30 including 31.30 including 3.00 including 0.36 0.77 including +61 8 9322 1587 | info@tesororesources.com.au | Suite 5, 62 Ord Street, West Perth WA 6005 | www.tesororesources.com.au ASX Announcement 6 July 2021 Hole_ID ZDDH0017 ZDDH0017 ZDDH0017 ZDDH0017 ZDDH0017 ZDDH0017 ZDDH0017 ZDDH0017 ZDDH0017 ZDDH0017 ZDDH0017 ZDDH0018 ZDDH0018 ZDDH0018 ZDDH0018 ZDDH0019 ZDDH0019 ZDDH0019 ZDDH0020 ZDDH0021 ZDDH0021 ZDDH0021 ZDDH0021 ZDDH0021 ZDDH0021 ZDDH0021 ZDDH0022 ZDDH0022 ZDDH0022 ZDDH0022 ZDDH0022 ZDDH0023 ZDDH0023 ZDDH0023 ZDDH0023 ZDDH0024 ZDDH0024 ZDDH0024 ZDDH0024 ZDDH0024 ZDDH0024 ZDDH0024 ZDDH0024 ZDDH0024 ZDDH0024 ZDDH0025 ZDDH0025 ZDDH0025 ZDDH0025 ZDDH0025 ZDDH0025 ZDDH0025 ZDDH0025 ZDDH0026 ZDDH0026 ZDDH0026 ZDDH0026 ZDDH0027 ZDDH0027 ZDDH0027 ZDDH0027 7 From (m) 44.00 44.00 44.00 70.00 103.46 167.55 182.70 183.22 190.00 197.00 200.00 187.27 187.27 197.00 189.00 21.00 36.00 74.00 87.30 100.92 107.50 100.92 189.25 189.25 189.25 193.90 30.00 78.00 94.40 105.00 105.00 146.70 146.70 273.00 276.00 6.00 41.00 41.00 44.10 54.50 56.50 66.00 155.00 162.20 161.80 49.00 73.10 75.00 104.00 110.00 148.00 148.00 155.20 92.00 105.40 233.00 240.00 176.00 176.00 176.00 176.00 To (m) 74.00 60.10 47.00 74.00 105.60 254.00 233.20 206.22 205.00 202.30 202.30 222.00 211.00 199.70 204.00 89.52 45.00 79.00 87.60 116.50 112.00 101.70 208.50 201.30 195.40 195.40 31.00 119.17 95.45 119.17 110.32 151.00 149.00 277.00 277.00 9.00 78.00 45.50 45.50 57.00 69.50 69.50 169.00 163.50 167.00 170.55 84.00 82.00 118.00 113.60 160.27 170.55 159.90 110.00 110.00 242.00 242.00 206.50 202.00 188.00 182.00 Interval 30.00 16.10 3.00 4.00 2.14 86.45 50.50 23.00 15.00 5.30 2.30 34.73 23.73 2.70 15.00 68.52 9.00 5.00 0.30 15.58 4.50 0.78 19.25 12.05 6.15 1.50 1.00 41.17 1.05 14.17 5.32 4.30 2.30 4.00 1.00 3.00 37.00 4.50 1.40 2.50 13.00 3.50 14.00 1.30 5.20 121.55 10.90 7.00 14.00 3.60 12.27 22.55 4.70 18.00 4.60 9.00 2.00 30.50 26.00 12.00 6.00 Au (g/t) 0.94 1.05 4.27 4.26 1.76 2.29 3.63 7.20 10.82 25.31 46.41 2.94 4.09 22.21 5.99 0.47 1.34 1.23 3.33 0.95 1.24 8.44 2.86 4.25 7.37 20.82 3.16 1.38 2.98 3.25 6.54 7.25 13.30 1.06 3.32 1.63 0.86 2.12 5.93 1.87 1.12 2.53 3.06 19.72 6.97 1.32 4.57 6.14 1.63 4.97 4.98 2.98 10.69 1.36 4.99 1.85 7.31 0.40 0.44 0.64 1.21 Comments including including including including including including including including including including including including including including including including open downhole including including including including including including including including including including including including including including including including including including including including including including including including including including including Hole_ID ZDDH0028 ZDDH0028 ZDDH0028 ZDDH0028 ZDDH0028 ZDDH0029 ZDDH0029 ZDDH0029 ZDDH0029 ZDDH0029 ZDDH0029 ZDDH0029 ZDDH0029 ZDDH0029 ZDDH0029 ZDDH0029 ZDDH0030 ZDDH0030 ZDDH0030 ZDDH0030 ZDDH0030 ZDDH0030 ZDDH0030 ZDDH0030 ZDDH0030 ZDDH0030 ZDDH0030 ZDDH0030 ZDDH0031 ZDDH0031 ZDDH0031 ZDDH0031 ZDDH0031 ZDDH0031 ZDDH0031 ZDDH0031 ZDDH0031 ZDDH0031 ZDDH0031 ZDDH0031 ZDDH0031 ZDDH0031 ZDDH0031 ZDDH0031 ZDDH0032 ZDDH0032 ZDDH0032 ZDDH0032 ZDDH0032 ZDDH0032 ZDDH0032 ZDDH0032 ZDDH0032 ZDDH0032 ZDDH0032 ZDDH0032 ZDDH0033 ZDDH0033 ZDDH0033 ZDDH0033 ZDDH0033 ZDDH0033 From (m) 14.00 21.00 25.00 42.00 43.90 29.50 29.50 29.50 43.00 56.64 72.00 91.00 121.00 121.00 166.30 180.00 5.20 50.00 66.00 66.00 66.00 70.00 101.00 117.00 117.00 165.00 195.40 202.95 72.00 72.00 72.00 100.00 100.00 118.30 146.40 171.60 193.30 193.30 193.30 204.34 204.34 228.00 248.00 291.00 3.20 17.30 43.50 75.00 128.00 128.00 132.63 157.00 171.00 178.30 178.30 191.00 40.00 57.00 59.00 100.00 134.70 143.00 To (m) 14.75 28.00 25.90 49.00 45.00 243.00 93.00 31.20 48.00 61.84 80.00 93.00 130.70 122.00 195.00 195.00 6.40 76.00 76.00 71.10 67.00 71.10 102.50 120.00 119.13 167.00 199.00 203.90 303.00 126.00 75.60 104.44 125.00 125.00 154.00 173.00 217.60 208.00 197.00 217.60 208.00 229.00 263.90 295.00 6.00 18.30 44.00 76.00 204.00 140.00 135.00 162.00 174.80 197.00 179.40 197.00 68.00 67.00 63.00 104.00 137.00 144.00 Interval 0.75 7.00 0.90 7.00 1.10 213.50 63.50 1.70 5.00 5.20 8.00 2.00 9.70 1.00 28.70 15.00 1.20 26.00 10.00 5.10 1.00 1.10 1.50 3.00 2.13 2.00 3.60 0.95 231.00 54.00 3.60 4.44 25.00 6.70 7.60 1.40 24.30 14.70 3.70 13.26 3.66 1.00 15.90 4.00 2.80 1.00 0.50 1.00 76.00 12.00 2.37 5.00 3.80 18.70 1.10 6.00 28.00 10.00 4.00 4.00 2.30 1.00 Au (g/t) 3.23 0.85 5.03 0.61 1.10 0.73 1.81 1.20 2.76 3.36 1.24 33.00 0.53 3.20 0.82 1.33 0.74 0.69 1.54 2.64 6.89 5.73 1.13 3.23 4.15 4.05 1.41 5.12 0.83 1.69 1.27 1.04 3.36 11.57 0.79 1.40 2.43 3.77 4.16 3.25 10.76 2.17 1.04 1.00 1.23 7.09 5.70 5.02 0.93 1.39 4.30 2.41 1.92 1.57 5.15 2.58 1.22 3.17 5.96 1.51 1.27 1.45 Comments including including including including including including including including including including including including including including including open downhole open downhole including including including including including including including including including including including including including including including including including including including including including including including +61 8 9322 1587 | info@tesororesources.com.au | Suite 5, 62 Ord Street, West Perth WA 6005 | www.tesororesources.com.au ASX Announcement 6 July 2021 Hole_ID ZDDH0034 ZDDH0034 ZDDH0034 ZDDH0034 ZDDH0034 ZDDH0034 ZDDH0034 ZDDH0034 ZDDH0034 ZDDH0034 ZDDH0034 ZDDH0034 ZDDH0035 ZDDH0035 ZDDH0035 ZDDH0035 ZDDH0035 ZDDH0035 ZDDH0035 ZDDH0035 ZDDH0035 ZDDH0035 ZDDH0035 ZDDH0035 ZDDH0036 ZDDH0036 ZDDH0036 ZDDH0036 ZDDH0036 ZDDH0036 ZDDH0036 ZDDH0037 ZDDH0037 ZDDH0037 ZDDH0037 ZDDH0037 ZDDH0037 ZDDH0037 ZDDH0037 ZDDH0037 ZDDH0038 ZDDH0038 ZDDH0038 ZDDH0038 ZDDH0038 ZDDH0038 ZDDH0038 ZDDH0038 ZDDH0038 ZDDH0038 ZDDH0039 ZDDH0039 ZDDH0039 ZDDH0039 ZDDH0039 ZDDH0039 ZDDH0039 ZDDH0039 ZDDH0040 ZDDH0040 ZDDH0040 ZDDH0040 ZDDH0040 ZDDH0040 ZDDH0040 ZDDH0040 ZDDH0040 ZDDH0041 ZDDH0041 ZDDH0041 ZDDH0041 ZDDH0041 8 From (m) 17.00 23.00 27.00 62.22 87.00 89.00 105.40 116.00 172.00 180.40 193.00 202.00 67.00 81.10 89.00 84.00 144.00 153.00 162.00 199.00 192.00 224.00 224.00 277.00 74.00 74.00 88.30 104.00 114.00 165.00 215.00 42.00 42.00 56.00 56.00 62.00 149.00 149.00 162.00 162.00 23.00 74.20 74.20 92.00 105.00 148.00 178.00 185.00 200.00 202.00 2.50 78.70 188.00 212.00 212.00 226.00 237.00 268.00 136.00 136.00 136.00 142.00 160.00 161.00 182.00 195.00 288.00 2.00 6.00 23.50 23.50 29.00 To (m) 28.00 24.00 28.00 63.34 92.84 91.00 106.00 117.00 173.00 181.50 194.00 203.00 68.00 110.34 94.00 106.00 155.00 155.00 164.00 200.00 238.00 238.00 233.00 278.00 125.00 96.00 96.00 105.00 115.00 166.00 216.00 65.00 42.68 65.00 57.00 64.00 172.00 154.00 172.00 168.00 24.00 113.00 77.00 93.00 106.00 152.00 186.00 186.00 208.10 204.00 5.60 81.00 252.50 232.00 218.00 227.00 238.00 269.00 197.00 152.00 146.00 146.00 164.00 162.00 188.00 197.00 291.00 12.00 8.00 52.00 32.00 32.00 Interval 11.00 1.00 1.00 1.12 5.84 2.00 0.60 1.00 1.00 1.10 1.00 1.00 1.00 29.24 5.00 22.00 11.00 2.00 2.00 1.00 46.00 14.00 9.00 1.00 51.00 22.00 7.70 1.00 1.00 1.00 1.00 23.00 0.68 9.00 1.00 2.00 23.00 5.00 10.00 6.00 1.00 38.80 2.80 1.00 1.00 4.00 8.00 1.00 8.10 2.00 3.10 2.30 64.50 20.00 6.00 1.00 1.00 1.00 61.00 16.00 10.00 4.00 4.00 1.00 6.00 2.00 3.00 10.00 2.00 28.50 8.50 3.00 Au (g/t) 0.79 4.59 1.77 2.85 1.12 2.45 1.15 1.17 1.68 6.58 2.73 2.12 2.67 1.05 4.11 1.34 1.15 4.41 1.03 1.76 0.72 1.86 2.59 1.63 1.07 2.16 5.04 2.33 2.84 1.11 1.60 0.40 1.55 0.70 2.47 1.32 0.82 1.47 0.92 1.04 3.12 0.49 2.06 4.39 2.11 1.17 0.50 2.48 1.12 3.72 0.39 1.43 0.47 0.84 1.49 3.86 2.30 1.62 0.75 1.96 2.61 5.34 0.95 2.84 0.72 2.75 1.24 0.55 1.33 0.38 0.48 0.99 Comments including including including including including including including including including including including including including including including including including including including including including including including including including including including including including including including including including including including including including including Hole_ID ZDDH0041 ZDDH0041 ZDDH0041 ZDDH0041 ZDDH0041 ZDDH0042 ZDDH0042 ZDDH0043 ZDDH0043 ZDDH0043 ZDDH0043 ZDDH0043 ZDDH0043 ZDDH0043 ZDDH0044 ZDDH0044 ZDDH0045 ZDDH0045 ZDDH0045 ZDDH0045 ZDDH0045 ZDDH0045 ZDDH0045 ZDDH0046 ZDDH0046 ZDDH0046 ZDDH0046 ZDDH0046 ZDDH0046 ZDDH0047 ZDDH0047 ZDDH0047 ZDDH0047 ZDDH0047 ZDDH0047 ZDDH0047 ZDDH0047 ZDDH0047 ZDDH0048 ZDDH0048 ZDDH0048 ZDDH0048 ZDDH0049 ZDDH0049 ZDDH0049 ZDDH0049 ZDDH0049 ZDDH0049 ZDDH0049 ZDDH0049 ZDDH0049 ZDDH0049 ZDDH0049 ZDDH0049 ZDDH0049 ZDDH0049 ZDDH0049 ZDDH0050 ZDDH0050 ZDDH0050 ZDDH0050 ZDDH0050 ZDDH0050 ZDDH0050 ZDDH0050 ZDDH0050 From (m) 40.00 106.20 127.50 140.00 141.65 112.00 126.00 5.30 5.30 9.50 80.00 81.00 103.00 241.00 104.00 104.00 23.00 36.00 36.00 97.00 196.30 197.00 196.30 17.60 26.00 28.00 180.00 223.00 248.60 30.00 35.00 74.00 97.00 97.00 97.00 130.00 210.00 288.00 45.00 53.50 47.00 80.00 124.00 124.00 154.00 124.00 124.00 159.00 159.00 177.00 213.00 215.00 227.00 231.00 245.00 285.00 290.00 6.00 7.00 92.00 157.00 183.00 192.00 202.00 205.00 220.00 To (m) 46.00 108.00 128.00 145.00 143.50 127.00 127.00 56.00 22.50 13.00 105.00 85.00 105.00 242.00 107.00 105.00 50.00 46.20 40.00 98.00 203.00 198.50 199.00 39.00 31.00 31.00 181.00 224.00 250.00 134.50 36.00 75.00 134.80 109.00 99.00 134.80 211.00 289.00 90.00 54.50 55.00 83.00 235.50 182.00 181.50 141.00 125.00 172.00 165.00 182.00 235.50 218.00 235.50 235.50 246.00 286.00 291.00 16.00 8.00 93.00 222.00 185.00 193.00 209.00 207.50 221.00 Interval 6.00 1.80 0.50 5.00 1.85 15.00 1.00 50.70 17.20 3.50 25.00 4.00 2.00 1.00 3.00 1.00 27.00 10.20 4.00 1.00 6.70 1.50 2.70 21.40 5.00 3.00 1.00 1.00 1.40 104.50 1.00 1.00 37.80 12.00 2.00 4.80 1.00 1.00 45.00 1.00 8.00 3.00 111.50 58.00 27.50 17.00 1.00 13.00 6.00 5.00 22.50 3.00 8.50 4.50 1.00 1.00 1.00 10.00 1.00 1.00 65.00 2.00 1.00 7.00 2.50 1.00 Au (g/t) 0.61 3.49 29.90 5.91 15.22 0.68 5.64 0.45 0.94 3.44 0.41 0.87 1.60 1.02 0.92 2.25 0.59 1.07 1.80 1.91 1.10 3.21 2.70 1.17 3.75 5.71 1.11 1.45 1.35 0.56 2.98 2.03 1.23 2.68 11.00 2.71 1.78 1.19 0.54 3.15 1.02 4.18 1.25 2.04 3.57 1.11 10.25 5.32 4.17 5.14 0.89 1.39 1.81 3.07 1.66 3.81 1.12 1.56 10.65 2.55 0.84 2.02 2.35 5.84 15.92 1.27 Comments including including including including including including including including including including including including including including including including including including including including including including including including including including including including including including including including including including including including including including including including including including +61 8 9322 1587 | info@tesororesources.com.au | Suite 5, 62 Ord Street, West Perth WA 6005 | www.tesororesources.com.au ASX Announcement 6 July 2021 Hole_ID ZDDH0051 ZDDH0051 ZDDH0051 ZDDH0051 ZDDH0051 ZDDH0051 ZDDH0051 ZDDH0051 ZDDH0051 ZDDH0051 ZDDH0051 ZDDH0052 ZDDH0052 ZDDH0052 ZDDH0052 ZDDH0052 ZDDH0052 ZDDH0053 ZDDH0053 ZDDH0053 ZDDH0053 ZDDH0053 ZDDH0053 ZDDH0053 ZDDH0053 ZDDH0053 ZDDH0053 ZDDH0053 ZDDH0053 ZDDH0053 ZDDH0053 ZDDH0054 ZDDH0054 ZDDH0054 ZDDH0054 ZDDH0054 ZDDH0054 ZDDH0055 ZDDH0055 ZDDH0055 ZDDH0055 ZDDH0055 ZDDH0055 ZDDH0055 ZDDH0055 ZDDH0055 ZDDH0055 ZDDH0055 ZDDH0055 ZDDH0055 ZDDH0055 ZDDH0055 ZDDH0055 ZDDH0055 ZDDH0055 ZDDH0055 ZDDH0056 ZDDH0056 ZDDH0057 ZDDH0057 ZDDH0057 ZDDH0057 ZDDH0057 ZDDH0057 ZDDH0057 ZDDH0057 ZDDH0057 ZDDH0057 9 From (m) 249.00 251.00 251.00 258.00 260.00 264.00 303.00 317.00 317.00 328.00 345.00 10.00 25.00 25.50 64.00 154.00 177.00 7.70 15.00 36.00 64.00 64.00 66.00 64.00 134.50 146.00 188.00 240.00 274.00 274.00 280.00 91.00 104.00 118.50 252.00 280.00 336.00 20.00 21.00 48.00 48.00 48.00 77.00 105.00 168.00 200.00 200.00 200.00 207.00 217.00 223.00 282.00 282.00 302.00 319.00 325.00 232.00 236.00 22.00 22.00 22.00 216.00 225.00 274.00 279.00 279.00 283.00 318.00 To (m) 347.00 282.00 265.00 264.00 261.00 265.00 320.00 318.00 332.50 347.00 346.00 11.00 67.00 26.50 68.00 157.00 178.00 87.00 16.00 37.00 87.00 71.00 69.00 80.50 136.86 147.00 191.00 241.00 281.00 275.00 281.00 110.00 108.00 119.20 253.00 281.00 337.00 241.20 22.00 122.00 88.50 60.12 80.00 109.00 169.00 241.20 233.00 201.00 208.00 231.00 231.00 326.00 283.00 308.00 320.00 326.00 236.70 236.70 44.00 23.00 30.00 233.00 228.00 351.00 321.00 311.00 298.00 321.00 Interval 98.00 31.00 14.00 6.00 1.00 1.00 17.00 1.00 15.50 19.00 1.00 1.00 42.00 1.00 4.00 3.00 1.00 79.30 1.00 1.00 23.00 7.00 3.00 16.50 2.36 1.00 3.00 1.00 7.00 1.00 1.00 19.00 4.00 0.70 1.00 1.00 1.00 221.20 1.00 74.00 40.50 12.12 3.00 4.00 1.00 41.20 33.00 1.00 1.00 14.00 8.00 44.00 1.00 6.00 1.00 1.00 4.70 0.70 22.00 1.00 8.00 17.00 3.00 77.00 42.00 32.00 15.00 3.00 Au (g/t) 0.95 1.55 2.71 4.86 27.60 9.85 1.03 5.99 1.19 1.25 8.25 1.35 0.44 2.25 2.37 3.27 1.51 0.72 1.20 1.12 2.04 4.47 7.89 2.50 1.13 1.87 0.58 1.09 0.77 3.65 1.11 0.46 1.48 1.72 1.23 8.75 1.23 0.62 3.19 1.05 1.51 4.83 16.88 3.04 2.00 1.13 1.36 2.83 6.51 2.03 2.64 0.48 3.91 1.97 1.51 3.77 0.70 3.09 1.03 10.20 1.61 0.55 1.93 1.13 1.97 2.32 3.25 2.75 Comments including including including including including including including including including including including including including including including including including including including including including including including including including including including including including including including including including including including including including including including including Hole_ID ZDDH0058 ZDDH0058 ZDDH0058 ZDDH0058 ZDDH0059 ZDDH0059 ZDDH0059 ZDDH0059 ZDDH0059 ZDDH0059 ZDDH0059 ZDDH0059 ZDDH0059 ZDDH0060 ZDDH0060 ZDDH0060 ZDDH0061 ZDDH0061 ZDDH0062 ZDDH0062 ZDDH0062 ZDDH0062 ZDDH0062 ZDDH0062 ZDDH0062 ZDDH0062 ZDDH0062 ZDDH0062 ZDDH0062 ZDDH0062 ZDDH0062 ZDDH0062 ZDDH0062 ZDDH0063 ZDDH0063 ZDDH0063 ZDDH0063 ZDDH0063 ZDDH0063 ZDDH0063 ZDDH0063 ZDDH0063 ZDDH0064 ZDDH0064 ZDDH0064 ZDDH0064 ZDDH0064 ZDDH0064 ZDDH0065 ZDDH0065 ZDDH0065 ZDDH0066 ZDDH0066 ZDDH0066 ZDDH0066 ZDDH0066 ZDDH0066 ZDDH0066 ZDDH0066 ZDDH0066 ZDDH0066 ZDDH0066 ZDDH0067 From (m) 34.00 237.00 237.00 248.00 61.00 194.50 196.00 207.00 229.00 196.00 207.00 236.00 276.00 156.00 163.00 215.00 157.00 194.00 8.00 8.00 8.00 13.00 18.00 68.00 110.00 119.00 108.00 129.00 134.00 162.20 225.00 256.00 256.00 0.00 166.00 169.00 180.00 180.00 197.00 277.00 300.00 311.00 102.00 188.00 192.00 243.00 309.00 311.00 25.00 56.40 155.00 306.00 306.00 389.00 308.00 357.00 357.50 389.00 389.00 389.00 424.00 427.00 5.00 To (m) 35.00 250.00 241.00 250.00 62.00 282.00 244.50 241.60 241.60 198.00 212.00 241.60 282.00 168.00 166.00 220.95 158.00 195.00 70.00 31.00 21.50 15.50 21.50 70.00 111.00 120.00 201.00 173.00 141.00 172.00 226.00 280.00 261.00 3.00 332.00 171.00 210.00 182.00 210.00 316.00 316.00 316.00 103.70 202.00 196.00 244.00 317.00 314.00 27.00 58.80 167.00 465.00 443.00 436.00 310.00 362.00 361.00 412.00 401.00 392.00 443.00 436.00 64.00 Interval 1.00 13.00 4.00 2.00 1.00 87.50 48.50 34.60 12.60 2.00 5.00 5.60 6.00 12.00 3.00 5.95 1.00 1.00 62.00 23.00 13.50 2.50 3.50 2.00 1.00 1.00 93.00 44.00 7.00 9.80 1.00 24.00 5.00 3.00 166.00 2.00 30.00 2.00 13.00 39.00 16.00 5.00 1.70 14.00 4.00 1.00 8.00 3.00 2.00 2.40 12.00 159.00 137.00 47.00 2.00 5.00 3.50 23.00 12.00 3.00 19.00 9.00 59.00 Au (g/t) 1.29 0.47 0.69 1.49 1.02 0.72 1.02 1.29 2.21 1.76 1.58 4.37 1.48 0.44 0.78 0.37 2.31 0.83 0.46 0.88 1.12 2.01 1.94 2.40 1.18 2.36 0.37 0.53 0.76 1.30 1.40 0.66 2.29 2.26 0.57 1.20 0.90 7.52 0.75 1.22 2.96 9.09 1.43 0.55 1.33 1.11 0.78 1.53 1.25 0.78 1.72 0.46 0.51 1.00 1.98 1.10 1.43 1.09 1.59 2.97 1.24 2.14 1.72 Comments including including including including including including including including including including including including including including including including including including including including including including including including including including including including including including including including including including including including including including including including including +61 8 9322