Announcement PDF ASX ANNOUNCEMENT 5 AUGUST 2021 ASX: TSO | ACN 106 854 175 Exceptional Drill Result Highlights Resource Expansion Potential at Ternera 67.00m @ 3.44g/t Au including 13.50m @ 15.84g/t Au ▪ ▪ Assay results received for 13 exploration diamond drill holes at Ternera Gold Deposit, El Zorro. 8 holes testing western margin of Ternera mineralisation, demonstrate potential of Mineral Resource expansion to the west of existing Resource model including: • ZDDH0154 – 230 g/m intercept ▪ ▪ • ▪ 1 39.55m @ 1.31g/t Au from 3.45m including: • 5.00m @ 5.66g/t Au from 8.00m. 67.00m @ 3.44g/t Au from 109.00m including: • 13.50m @ 15.84g/t Au from 117.50m; and • 8.00m @ 1.22g/t Au from 168.00m. ZDDH0150 ▪ 43.50m @ 0.86g/t Au from 249.00m including: • 11.00m @ 1.33g/t Au from 265.00m; and ▪ 3.50m @ 3.50g/t Au from 289.00m. Assay results received for 4 infill diamond drill holes including: • ZDDH0109 (extended) ▪ 71.00m 0.47g/t Au from 195.00m including: • 12.00m @ 1.39g/t Au from 195.00m. • ZDDH0155 ▪ 14.00m @ 1.13g/t Au from 113.00m including: • 1.00m @ 11.90g/t Au from 121.00m. ▪ Results have defined a new mineralised north south fault zone along the western edge of the Ternera Resource model, providing significant scope to define additional gold Resources. ▪ Infill holes continue to demonstrate potential to upgrade the existing Mineral Resource at Ternera. ▪ Currently 6 drill rigs drilling 24/7, 4 rigs at Ternera targeting Mineral Resource expansion and infill, 2 rigs testing additional targets at Ternera East. ▪ ▪ ▪ Tesoro has completed 207 diamond drillholes at El Zorro for 63,698 metres. Assays remain outstanding for 49 diamond drill holes. Ternera gold mineralisation remains open in all directions, with a resource upgrade planned by year end (CY2021). +61 8 9322 1587 | info@tesororesources.com.au | Suite 5, 62 Ord Street, West Perth WA 6005 | www.tesororesources.com.au ASX Announcement 5 August 2021 Tesoro Resources Limited (Tesoro or the Company) (ASX:TSO) is pleased to announce assay results from the Ternera Gold Deposit located at the Company’s El Zorro Gold Project (El Zorro) in Chile. Assays were received for 13 holes, which were not included in the recently published Maiden Resource Estimate (MRE) at Ternera (ASX Announcement 28 July 2021, see Table 2). All holes returned zones of gold mineralisation including an exceptional 230 g/m intercept from hole ZDDH0154, the 15th >100 gram metre intercept at Ternera 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: “These results confirm our firm belief that the Ternera Gold Deposit will rapidly grow beyond the recently released 660koz gold Mineral Resource already defined. The 8 holes from along the western margin of the deposit are particularly encouraging as they all fall outside the existing Resource Model and define a new north south fault zone which is well mineralised, particularly to the south. Infill drilling continues to inform the model as we rapidly move to a Mineral Resource upgrade during 2021, defining what we see as a large-scale open pit gold deposit”. Figure 1: Ternera Drill Section -160m looking northwest. Hole ZDDH0154 showing strong gold mineralisation outside of the existing Mineral Resource model. 2 +61 8 9322 1587 | info@tesororesources.com.au | Suite 5, 62 Ord Street, West Perth WA 6005 | www.tesororesources.com.au ASX Announcement 5 August 2021 Figure 2: Ternera Drilling - Collar locations on geology. Results reported in this announcement are noted in gold highlight. Section lines shown in dashed yellow lines. PSAD56/19S datum. Commentary Holes ZDDH0150 to ZDDH0152, ZDDH0154, and ZDDH0156 to ZDDH159 (8 holes) were all drilled along the western margin of the existing Ternera Mineral Resource model, targeting near surface gold mineralisation associated with a series of controlling north trending fault zones. The holes tested a strike extent of approximately 300m. Hole ZDDH0151 was abandoned at 16.60m due to bad ground conditions, all holes returned positive gold results. 3 +61 8 9322 1587 | info@tesororesources.com.au | Suite 5, 62 Ord Street, West Perth WA 6005 | www.tesororesources.com.au ASX Announcement 5 August 2021 Strongest results were returned from ZDDH0154 which intercepted the MF100 (Figure 1) fault and appears to be improving to the south, where previously announced results from holes ZDDH0073, ZDDH0088, ZDDH0126 and ZDDH0133 have returned positive results. This newly defined near surface gold zone is outside the Ternera Mineral Resource model, and is open to the south and at depth. Holes ZDDH0109 and ZDDH0113 were infill holes in the southeast sector of the deposit. These holes were re-entered after reinterpretation of the geology in this area, and both returned positive gold results. Holes ZDDH0153, ZDDH0155 and ZDDH0160 were infill holes in the central sector of Ternera and added additional mineralisation, further expanding mineralised zones previously modelled. Tesoro continues drilling 24/7 with six drill rigs at Ternera, the focus is to rapidly expand the Mineral Resource inventory at Ternera as well as convert existing JORC compliant Inferred resources into Indicated resources. Additional drilling is underway at Ternera East, with the aim of defining additional gold resources in the hanging wall zone of the Ternera Deposit. Figure 3 - Ternera Drill Section +100m looking northwest. 4 +61 8 9322 1587 | info@tesororesources.com.au | Suite 5, 62 Ord Street, West Perth WA 6005 | www.tesororesources.com.au ASX Announcement 5 August 2021 Figure 4 - Ternera Drill Section +60m looking northwest. Figure 5 - Ternera Drill Section 0m looking northwest. 5 +61 8 9322 1587 | info@tesororesources.com.au | Suite 5, 62 Ord Street, West Perth WA 6005 | www.tesororesources.com.au ASX Announcement 5 August 2021 Figure 6 - Ternera Drill Section -120m looking northwest. Note mineralisation from ZDDH0074 and ZDDH0155 not included in existing classified resource model, additional infill drilling required. Figure 7 - Ternera Drill Section -200m looking northwest. 6 +61 8 9322 1587 | info@tesororesources.com.au | Suite 5, 62 Ord Street, West Perth WA 6005 | www.tesororesources.com.au ASX Announcement 5 August 2021 Hole_ID From (m) To (m) Interval Au (g/t) Comments ZDDH0109 195.00 266.00 71.00 0.47 Hole re-entered ZDDH0109 195.00 222.00 27.00 0.95 including ZDDH0109 195.00 207.00 12.00 1.39 including ZDDH0109 220.00 221.40 1.40 5.91 including ZDDH0109 291.00 294.00 3.00 1.57 ZDDH0109 299.00 300.00 1.00 1.09 ZDDH0109 328.00 329.00 1.00 1.52 ZDDH0109 364.00 365.00 1.00 4.85 ZDDH0109 411.00 412.00 1.00 0.99 ZDDH0113 84.00 89.00 5.00 2.45 Hole Re-entered ZDDH0113 84.00 85.50 1.50 7.85 including ZDDH0113 230.00 231.10 1.10 0.85 ZDDH0150 2.00 3.00 1.00 0.57 ZDDH0150 20.00 34.00 14.00 0.66 ZDDH0150 33.00 34.00 1.00 7.38 including ZDDH0150 60.00 73.00 13.00 0.73 ZDDH0150 64.00 66.00 2.00 2.44 including ZDDH0150 72.00 73.00 1.00 3.28 including ZDDH0150 170.00 171.00 1.00 2.60 ZDDH0150 249.00 292.50 43.50 0.86 ZDDH0150 249.00 250.00 1.00 2.02 including ZDDH0150 265.00 276.00 11.00 1.33 including ZDDH0150 259.00 260.00 1.00 2.47 including ZDDH0150 269.00 270.00 1.00 2.91 including ZDDH0150 289.00 292.50 3.50 3.11 including ZDDH0151 1.50 6.00 4.50 1.29 Hole abandoned ZDDH0152 5.00 16.00 11.00 0.93 ZDDH0152 9.91 16.00 6.09 1.52 including ZDDH0152 9.91 11.65 1.74 2.77 including ZDDH0152 47.30 47.90 0.60 0.60 ZDDH0152 104.60 105.10 0.50 2.31 ZDDH0152 141.35 170.00 28.65 0.34 ZDDH0152 149.00 150.00 1.00 4.39 including ZDDH0152 155.00 167.40 12.40 0.64 including ZDDH0153 14.20 66.00 51.80 0.24 ZDDH0153 14.20 44.20 30.00 0.31 including ZDDH0153 14.20 15.00 0.80 0.81 including ZDDH0153 26.00 29.00 3.00 0.77 including ZDDH0153 28.00 29.00 1.00 1.05 including ZDDH0153 49.00 50.00 1.00 1.01 including ZDDH0153 64.00 66.00 2.00 0.97 including Hole_ID From (m) To (m) Interval Au (g/t) Comments ZDDH0154 3.45 43.00 39.55 1.31 ZDDH0154 8.00 13.00 5.00 5.66 including ZDDH0154 82.00 83.00 1.00 7.02 ZDDH0154 109.00 176.00 67.00 3.44 ZDDH0154 117.50 131.00 13.50 15.84 including ZDDH0154 168.00 176.00 8.00 1.22 including ZDDH0155 56.00 57.00 1.00 2.01 ZDDH0155 113.00 127.00 14.00 1.13 ZDDH0155 121.00 122.00 1.00 11.90 including ZDDH0155 142.00 143.00 1.00 1.22 ZDDH0156 100.00 140.00 40.00 0.38 ZDDH0156 100.00 101.00 1.00 1.19 including ZDDH0156 111.00 112.00 1.00 2.38 including ZDDH0156 118.00 123.00 5.00 1.23 including ZDDH0156 128.45 131.00 2.55 0.77 including ZDDH0156 139.00 140.00 1.00 1.88 including ZDDH0157 21.00 22.00 1.00 0.43 ZDDH0157 107.34 109.00 1.66 1.08 ZDDH0158 37.00 56.00 19.00 0.58 ZDDH0158 38.00 40.00 2.00 4.53 including ZDDH0159 33.00 34.00 1.00 0.84 ZDDH0159 80.60 82.10 1.50 1.86 ZDDH0159 181.00 181.65 0.65 2.78 ZDDH0159 237.00 238.00 1.00 0.76 ZDDH0160 36.00 58.00 22.00 0.50 ZDDH0160 36.90 39.00 2.10 1.75 including ZDDH0160 80.00 81.30 1.30 1.04 ZDDH0160 178.00 179.00 1.00 1.14 ZDDH0160 233.00 237.12 4.12 0.79 ZDDH0160 233.00 234.00 1.00 2.20 including ZDDH0160 236.50 237.12 0.62 1.29 including ZDDH0160 304.00 310.80 6.80 0.86 ZDDH0160 306.00 308.00 2.00 2.08 including Table 1: Significant drill results for holes 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. Indicated Cut-off Au g/t 0.3 0.4 0.5 0.6 0.7 0.8 Mt Au g/t 2.7 2.1 1.7 1.4 1.2 0.9 0.88 1.03 1.17 1.28 1.40 1.64 Ternera Gold Deposit Maiden Resource Table Inferred koz 75 68 63 58 54 45 Mt Au g/t 22.4 17.4 13.7 11.1 8.9 6.0 0.81 0.95 1.08 1.21 1.34 1.61 koz 586 529 476 430 385 312 Total Mt 25.1 19.4 15.4 12.5 10.1 6.9 Au g/t 0.82 0.96 1.09 1.22 1.35 1.62 koz 661 597 539 488 439 357 Table 2: Maiden Mineral Resource Estimate announced 28 July 2021, reported at various cut-off gold grades. 7 +61 8 9322 1587 | info@tesororesources.com.au | Suite 5, 62 Ord Street, West Perth WA 6005 | www.tesororesources.com.au ASX Announcement 5 August 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 and 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. The information in this report that relates to Mineral Resources is based on information compiled by Mr Daniel Saunders, a Competent Person who is a Member of The Australasian Institute of Mining and Metallurgy. Mr Saunders is a full-time employee of Cube Consulting Pty Ltd, acting as independent consultants to Tesoro Resources Limited. Mr Saunders has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration, and to the activity being undertaken 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. The Company confirms that it is not aware of any new information or data that materially affects the Mineral Resource information included in the original announcement on 28 July 2021 and all material assumptions and technical parameters underpinning the estimates in the original announcement continue to apply and have not materially changed. The Company confirms that the form and context in which the applicable Competent Persons’ findings are presented have not been materially modified from the original announcement. 8 +61 8 9322 1587 | info@tesororesources.com.au | Suite 5, 62 Ord Street, West Perth WA 6005 | www.tesororesources.com.au ASX Announcement 5 August 2021 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. 9 +61 8 9322 1587 | info@tesororesources.com.au | Suite 5, 62 Ord Street, West Perth WA 6005 | www.tesororesources.com.au ASX Announcement 5 August 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 10 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 5 August 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 11 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 5 August 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 12 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 inclu