Announcement PDF Sign up HERE to our Investor Hub ASX ANNOUNCEMENT 23 OCTOBER 2024 ASX: TSO OTCQB: TSORF QUARTERLY ACTIVITIES AND CASHFLOW REPORT FOR THE PERIOD ENDED 30 SEPTEMBER 2024 Tesoro Gold Limited (ASX: TSO, OTCQB: TSORF) (Tesoro or the Company) is pleased to report on its activities for the quarter ended 30 September 2024 (the Quarter). HIGHLIGHTS TERNERA EAST TARGET • New +200m thick, intrusive body of El Zorro Tonalite (EZT) identified, which represents a potential, mineralised, fault offset of the existing Ternera Deposit (new target, Ternera East). • Results from diamond drill hole ZDDH0341 confirmed that Ternera East hosts gold mineralisation. • Two substantial, well-mineralised zones were intercepted in ZDDH0341: • 49.50m @ 0.55g/t Au from 179.00 m, including; ─ 15.40m @ 1.21g/t Au from 182.00m; and ─ 5.40m @ 2.21g/t Au from 182.0m and; • 36.00m @ 1.00g/t Au from 281.50m including; ─ 17.50m @ 1.91g/t Au from 282.00m ─ 7.70m @ 3.64g/t Au from 283.30m ─ 2.30m @ 9.50g/t Au from 288.30m • Additional drilling to understand EZT distribution and potential at Ternera East is ongoing, with assay results expected during October 2024. CORPORATE • Strongly supported share placement raised approximately A$9.7 million (before costs) from institutional and sophisticated investors including ≈A$1.2 million from Gold Fields Limited (JSE:GFI, NYSE:GFI) (Gold Fields) • Cash balance of A$5.66 million and zero debt at 30 September 2024. ASX ANNOUNCEMENT 23 OCTOBER 2024 Tesoro Gold Managing Director, Zeff Reeves commented: “Exploration drilling continues to define the scale and extent of the recently identified Ternera East, an outstanding new target identified at the start of the September Quarter. Ternera East is a well-mineralised EZT intrusive over 200m thick and located 300m east of the main Ternera Gold Deposit and offers substantial potential to materially change the scale of the broader main Ternera deposit and add further ounces to the existing 1.3 Moz Mineral Resource. Initial drilling is aimed to define the limits of the EZT and identify gold bearing faults within this new zone. “Tesoro remains fully funded to advance its ambitious exploration agenda with a robust cash balance strongly augmented by the proceeds from a A$9.7 million Placement, which included a substantial investment from our strategic partner Gold Fields.” Figure 1: El Zorro Gold Project district map showing highly prospective gold corridor and high priority targets along an approximately 20km north-south trending zone. Datum PSAD56 19S. TESOROGOLD.COM.AU 2 ASX ANNOUNCEMENT 23 OCTOBER 2024 EL ZORRO GOLD PROJECT, CHILE New discovery at Ternera East On 2 July 2024, Tesoro announced significant assay results from a diamond drilling program, which intercepted a new, thick (+200m), well-mineralised EZT intrusive. The new Ternera East discovery (refer to Figure 2) is located approximately 300m east of the 1.3Moz Ternera Gold Deposit. Two substantial, well-mineralised zones were intercepted in ZDDH0341: • 49.50m @ 0.55g/t Au from 179.00 m, including; ─ 15.40m @ 1.21g/t Au from 182.00m; and ─ 5.40m @ 2.21g/t Au from 182.0m and; • 36.00m @ 1.00g/t Au from 281.50m including; ─ 17.50m @ 1.91g/t Au from 282.00m ─ 7.70m @ 3.64g/t Au from 283.30m ─ 2.30m @ 9.50g/t Au from 288.30m The newly identified mineralisation at Ternera East is currently interpreted to be a fault offset of the main Ternera Deposit, with the east side of the fault having uplifted the EZT to shallower levels. The newly identified mineralisation occurs approximately 300m east of the existing Ternera Mineral Resource and Phase 1 Scoping Study open pit. Significantly, the Ternera East EZT body has an east-west strike and moderate south dip, providing a significant target to the east where, to date, no significant exploration work has been undertaken. Diamond drilling is ongoing at the high-priority targets within 1.5 km of the existing Ternera Deposit, with rigs currently operating at Ternera East and Ternera. Assay results from 5 completed holes remain outstanding and are expected to be returned during the December quarter. TESOROGOLD.COM.AU 3 ASX ANNOUNCEMENT 23 OCTOBER 2024 Figure 2: Ternera area drill locations in current program, location of hole ZDDH0341 within the Ternera East target, and significant results showing areas of open gold mineralisation close to Ternera (refer ASX Announcements 2 July 2024, 23 March 2021, 25 June 2021, 3 November 2021, 8 November 2022, 18 September 2023, and 13 June 2024). Section location for Figure 2 shown at A-A’ - Datum PSAD56 19S. TESOROGOLD.COM.AU 4 ASX ANNOUNCEMENT 23 OCTOBER 2024 Figure 3: Ternera East drilling, ZDDH0341 showing significant mineralised zones and location relative to the Ternea Gold Deposit MRE Block Model and USD1800 optimised Pit Shell., looking north. Hole ZDDH0341 was drilled toward 000 and is projected onto section. Previous drilling shown as pale grey drill traces. Refer ASX announcement 6 December 2021 for hole ZDDH0223 results, and ASX Announcement 2 July 2024. CORPORATE Share placement raised ≈A$9.7 million On 18 and 23 July 2024, Tesoro announced it had received binding commitments to raise approximately A$9.7 million (before costs) (Placement). The Placement comprised the issue of approximately 323.8 million new fully paid ordinary shares (Placement Shares) in the Company at an issue price of A$0.03 per share (Offer Price). Strong demand received from long term Australian, United Kingdom and European Union based specialist precious metals institutional and sophisticated investors including a commitment of ≈A$1.2 million from strategic partner Gold Fields The placement comprised of: • Tranche 1: Approximately A$8.5 million via the issue of up to 284,000,000 Placement Shares, comprising of 161,041,929 Placement Shares under Listing Rule 7.1 and 122,958,071 under Listing Rule 7.1A. • Tranche 2: Approximately A$1.2 million via the issue of 39,833,333 Placement Shares to Corporate International Holdings BV, a wholly owned subsidiary of Gold Fields Limited. Shareholder approval for Tranche 2 was received at an Extraordinary General Meeting (EGM) held on 2 October 2024. TESOROGOLD.COM.AU 5 ASX ANNOUNCEMENT 23 OCTOBER 2024 The investment via Gold Fields’ nominee takes their shareholding in Tesoro to approximately 17.53%. Update on legal proceedings involving Wanaco SPA On 9 September 2024, Tesoro provided an update on legal proceedings initiated by Wanaco SpA (Wanaco), the joint venture partner in the El Zorro Gold Project. On 31 August 2024, the Company received notice that certain claims filed by Wanaco in February 2024 relating to an alleged “abandonment” of works under the option and joint venture agreement between Wanaco and Tesoro’s 95% owned Chilean subsidiary have been dismissed by the 29th Civil Court of Santiago (the Court). The Court ordered Wanaco to pay costs in favour of Tesoro, with Wanaco retaining the right to appeal this decision. The Court’s dismissal represents a further rejection of Wanaco SpA's attempts to have mining concessions, currently owned by Tesoro subsidiary El Zorro S.C.M., transferred Expenditure and Payments to Related Parties During the Quarter, the Company spent approximately A$2.19 million on exploration activities, which comprised primarily of diamond drilling programs. As outlined in the Appendix 5B for the quarter ending 30 September 2024 (sections 6.1 and 6.2), approximately A$215,417 in payments were made to related parties and/or their associates as remuneration (inc. superannuation) for the Managing Director, Non-Executive Director fees and Consulting fees. Cash balance Tesoro’s cash balance at 30 September 2024 was A$5.66 million and the Company had zero debt (excluding typical trade creditors). Authorised by the Board of Tesoro Gold Ltd. For more information: Company: Zeff Reeves, Managing Director Tesoro Gold Limited TESOROGOLD.COM.AU 6 ASX ANNOUNCEMENT 23 OCTOBER 2024 Table 1 - Constrained Ternera MRE. Au g/t Area Open Pit Resource Underground Resource Total Resources cut off Indicated Inferred Total Mt Au g/t Koz Mt Au g/t Koz Mt Au g/t Koz 0.30 22.5 1.10 795 10.0 1.18 379 32.5 1.13 1,175 1.50 0.1 2.64 7 1.2 2.64 100 1.3 2.64 107 22.6 1.11 802 11.2 1.34 479 33.7 1.18 1,282 The updated MRE has been constrained to a US$1,800/oz optimised pit shell, with the underground resource reported at a 1.50 g/t Au cut-off. The underground resource is reported at a cut-off where gold mineralisation is consistently well-developed below the optimised pit shell. For full details of the Ternera Deposit Mineral Resource Estimate (802 koz Indicated, 479 koz Inferred), refer to the ASX Announcement dated 9 March 2023. TESOROGOLD.COM.AU 7 ASX ANNOUNCEMENT 23 OCTOBER 2024 About Tesoro Future Performance Tesoro Gold 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 incountry 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. This announcement may contain certain forwardlooking 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. Competent Persons Statements 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. The information in this report that relates to Mineral Resources is based on information compiled by Mr Lynn Widenbar, a Competent Person who is a Member of The Australasian Institute of Mining and Metallurgy. Mr Widenbar is acting as an independent consultant to Tesoro Gold Limited. Mr Widenbar 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 the form and context in which the Competent Person’s findings are presented have not been materially modified from the original announcement on 9 March 2023. TESOROGOLD.COM.AU 8 ASX ANNOUNCEMENT 23 OCTOBER 2024 APPENDIX 1: CONCESSION SCHEDULE EL ZORRO GOLD PROJECT EXPLORATION CONCESSIONS (85%* Tesoro Mining Chile SpA) Concession Name Date of Expiration Size (ha) Concession type ZORRO 1B 10-august-2026 200 Exploration ZORRO 2B 10-august-2026 200 Exploration ZORRO 3B 10-august-2026 200 Exploration ZORRO 4B 10-august-2026 100 Exploration ZORRO 5B 10-august-2026 200 Exploration ZORRO 6B 10-august-2026 200 Exploration PUNTA DE DIAMENTE 1B 6/Sep/2027 200 Exploration PUNTA DE DIAMENTE 2B 6/Sep/2027 300 Exploration PUNTA DE DIAMENTE 3B 6/Sep/2027 300 Exploration LA NEGRA COJA 1B 6/Sep/2027 200 Exploration LA NEGRA COJA 2B 6/Sep/2027 300 Exploration LA NEGRA COJA 3B 6/Sep/2027 300 Exploration LA NEGRA COJA 4B 6/Sep/2027 200 Exploration LA NEGRA COJA 5B 6/Sep/2027 300 Exploration LA NEGRA COJA 6B 6/Sep/2027 200 Exploration LA NEGRA COJA 7B 6/Sep/2027 300 Exploration LA NEGRA COJA 8B 6/Sep/2027 300 Exploration LA NEGRA COJA 9B 6/Sep/2027 200 Exploration LA NEGRA COJA 10B 6/Sep/2027 300 Exploration LA NEGRA COJA 11B 6/Sep/2027 300 Exploration LA NEGRA COJA 12B 6/Sep/2027 200 Exploration LA NEGRA COJA 13B 6/Sep/2027 300 Exploration LA NEGRA COJA 14B 6/Sep/2027 300 Exploration LA NEGRA COJA 15B 6/Sep/2027 300 Exploration LA NEGRA COJA 16B 6/Sep/2027 200 Exploration LA NEGRA COJA 17B 6/Sep/2027 300 Exploration LA NEGRA COJA 18B 6/Sep/2027 300 Exploration LA NEGRA COJA 19B 6/Sep/2027 200 Exploration NICE BARREL 6A 6/Sep/2027 200 Exploration NICE BARREL 5A 6/Sep/2027 200 Exploration NICE BARREL 4A 6/Sep/2027 200 Exploration NICE BARREL 3A 6/Sep/2027 200 Exploration NICE BARREL 2A 6/Sep/2027 300 Exploration NICE BARREL 1A 6/Sep/2027 200 Exploration NICE BARREL 13A 6/Sep/2027 300 Exploration NICE BARREL 12A 6/Sep/2027 200 Exploration NICE BARREL 11A 6/Sep/2027 300 Exploration NICE BARREL 10A 6/Sep/2027 200 Exploration NICE BARREL 9A 6/Sep/2027 300 Exploration NICE BARREL 8A 6/Sep/2027 200 Exploration NICE BARREL 7A 6/Sep/2027 200 Exploration SIERRA PATACONES 42A 24/Oct/2026 300 Exploration SIERRA PATACONES 41A 24/Oct/2026 300 Exploration SIERRA PATACONES 40A 25/Oct/2026 300 Exploration TESOROGOLD.COM.AU 9 ASX ANNOUNCEMENT 23 OCTOBER 2024 Concession Name Date of Expiration Size (ha) Concession type SIERRA PATACONES 39A 25/Oct/2026 300 Exploration SIERRA PATACONES 38A 25/Oct/2026 300 Exploration SIERRA PATACONES 37A 25/Oct/2026 300 Exploration SIERRA PATACONES 36A 26/Oct/2026 300 Exploration SIERRA PATACONES 35A 25/Oct/2026 300 Exploration SIERRA PATACONES 34A 25/Oct/2026 300 Exploration SIERRA PATACONES 33A 25/Oct/2026 300 Exploration SIERRA PATACONES 32A 25/Oct/2026 300 Exploration SIERRA PATACONES 31A 25/Oct/2026 300 Exploration SIERRA PATACONES 30A 25/Oct/2026 300 Exploration SIERRA PATACONES 29A 25/Oct/2026 300 Exploration SIERRA PATACONES 28A 25/Oct/2026 300 Exploration SIERRA PATACONES 27A 25/Oct/2026 300 Exploration SIERRA PATACONES 26A 25/Oct/2026 300 Exploration SIERRA PATACONES 25A 25/Oct/2026 300 Exploration SIERRA PATACONES 24A 25/Oct/2026 300 Exploration SIERRA PATACONES 23A 25/Oct/2026 300 Exploration SIERRA PATACONES 22A 25/Oct/2026 300 Exploration SIERRA PATACONES 21A 26/Oct/2026 300 Exploration SIERRA PATACONES 20A 24/Oct/2026 300 Exploration SIERRA PATACONES 19A 20/Oct/2026 300 Exploration SIERRA PATACONES 18A 24/Oct/2026 300 Exploration SIERRA PATACONES 17A 24/Oct/2026 300 Exploration SIERRA PATACONES 16A 24/Oct/2026 300 Exploration SIERRA PATACONES 15A 24/Oct/2026 300 Exploration SIERRA PATACONES 14A 24/Oct/2026 300 Exploration SIERRA PATACONES 13A 24/Oct/2026 300 Exploration SIERRA PATACONES 1A 28/Oct/2026 300 Exploration SIERRA PATACONES 2A 28/Oct/2026 300 Exploration SIERRA PATACONES 3A 28/Oct/2026 300 Exploration SIERRA PATACONES 4A 28/Oct/2026 300 Exploration SIERRA PATACONES 5A 28/Oct/2026 300 Exploration SIERRA PATACONES 6A 4/Nov/2026 300 Exploration SIERRA PATACONES 7A 4/Nov/2026 300 Exploration SIERRA PATACONES 8A 4/Nov/2026 300 Exploration SIERRA PATACONES 9A 4/Nov/2026 300 Exploration SIERRA PATACONES 10A 4/Nov/2026 300 Exploration SIERRA PATACONES 11A 4/Nov/2026 300 Exploration SIERRA PATACONES 12A 24/Nov/2026 300 Exploration SIERRA PATACONES 43A 24/Nov/2026 300 Exploration SIERRA PATACONES 44A 24/Nov/2026 300 Exploration SIERRA PATACONES 45A 24/Nov/2026 300 Exploration SIERRA PATACONES 46A 24/Nov/2026 300 Exploration SIERRA PATACONES 47A 24/Nov/2026 300 Exploration SIERRA PATACONES 48A 24/Nov/2026 300 Exploration SIERRA PATACONES 49A 29/Nov/2026 300 Exploration SIERRA PATACONES 50A 24/Nov/2026 300 Exploration TESOROGOLD.COM.AU 10 ASX ANNOUNCEMENT 23 OCTOBER 2024 Concession Name Date of Expiration Size (ha) Concession type SIERRA PATACONES 51A 24/Nov/2026 300 Exploration SIERRA PATACONES 52A 24/Nov/2026 300 Exploration SIERRA PATACONES 53A 24/Nov/2026 300 Exploration SIERRA PATACONES 54A 24/Nov/2026 300 Exploration SIERRA PATACONES 55A 24/Nov/2026 300 Exploration SIERRA PATACONES 56A 24/Nov/2026 300 Exploration SIERRA PATACONES 57A 24/Nov/2026 300 Exploration SIERRA PATACONES 58A 24/Nov/2026 300 Exploration SIERRA PATACONES 59A 24/Nov/2026 300 Exploration SIERRA PATACONES 60A 28/Oct/2026 300 Exploration SIERRA PATACONES 61A 29/Nov/2026 300 Exploration SIERRA PATACONES 62A 29/Nov/2026 300 Exploration SIERRA PATACONES 63A 29/Nov/2026 300 Exploration SIERRA PATACONES 64A 29/Nov/2026 300 Exploration SIERRA PATACONES 65A 29/Nov/2026 300 Exploration SIERRA PATACONES 66A 29/Nov/2026 300 Exploration SIERRA PATACONES 67A 29/Nov/2026 300 Exploration SIERRA PATACONES 68A 29/Nov/2026 300 Exploration SIERRA PATACONES 69A 29/Nov/2026 300 Exploration SIERRA PATACONES 70A 29/Nov/2026 300 Exploration SIERRA PATACONES 71A 29/Nov/2026 300 Exploration SIERRA PATACONES 72A 29/Nov/2026 300 Exploration SIERRA PATACONES 73A 29/Nov/2026 300 Exploration SIERRA PATACONES 74A 29/Nov/2026 300 Exploration SIERRA PATACONES 75A 29/Nov/2026 300 Exploration SIERRA PATACONES 76A 29/Nov/2026 300 Exploration SIERRA PATACONES 77A 29/Nov/2026 300 Exploration SIERRA PATACONES 78A 29/Nov/2026 300 Exploration SIERRA PATACONES 79A 29/Nov/2026 300 Exploration SIERRA PATACONES 80A 29/Nov/2026 300 Exploration SIERRA PATACONES 81A 29/Nov/2026 300 Exploration SIERRA PATACONES 82A 29/Nov/2026 300 Exploration SIERRA PATACONES 83A 4/Nov/2026 300 Exploration SIERRA PATACONES 84A 4/Nov/2026 300 Exploration GOLD STORE 72A 21/Sep/2026 300 Exploration GOLD STORE 71A 21/Sep/2026 300 Exploration GOLD STORE 70A 21/Sep/2026 300 Exploration GOLD STORE 69A 21/Sep/2026 300 Exploration GOLD STORE 68A 21/Sep/2026 300 Exploration GOLD STORE 67A 21/Sep/2026 300 Exploration GOLD STORE 66A 27/Sep/2026 300 Exploration GOLD STORE 1A 21/Sep/2026 300 Exploration GOLD STORE 2A 21/Sep/2026 300 Exploration GOLD STORE 3A 21/Sep/2026 300 Exploration GOLD STORE 4A 21/Sep/2026 300 Exploration GOLD STORE 5A 21/Sep/2026 300 Exploration GOLD STORE 6A 22/Sep/2026 300 Exploration TESOROGOLD.COM.AU 11 ASX ANNOUNCEMENT 23 OCTOBER 2024 Concession Name Date of Expiration Size (ha) Concession type GOLD STORE 7A 21/Sep/2026 300 Exploration GOLD STORE 8A 22/Sep/2026 300 Exploration GOLD STORE 9A 22/Sep/2026 300 Exploration GOLD STORE 10A 23/Sep/2026 300 Exploration GOLD STORE 11A 22/Sep/2026 300 Exploration GOLD STORE 12A 21/Sep/2026 300 Exploration GOLD STORE 13A 22/Sep/2026 300 Exploration GOLD STORE 14A 22/Sep/2026 300 Exploration GOLD STORE 15A 21/Sep/2026 300 Exploration GOLD STORE 16A 21/Sep/2026 300 Exploration GOLD STORE 17A 21/Sep/2026 300 Exploration GOLD STORE 18A 21/Sep/2026 300 Exploration GOLD STORE 19A 21/Sep/2026 300 Exploration GOLD STORE 20A 21/Sep/2026 300 Exploration GOLD STORE 21A 21/Sep/2026 300 Exploration GOLD STORE 22A 22/Sep/2026 300 Exploration GOLD STORE 23A 22/Sep/2026 300 Exploration GOLD STORE 24A 22/Sep/2026 300 Exploration GOLD STORE 25A 22/Nov/2026 300 Exploration GOLD STORE 26A 22/Nov/2026 300 Exploration GOLD STORE 27A 22/Sep/2026 300 Exploration GOLD STORE 28A 22/Sep/2026 300 Exploration GOLD STORE 29A 21/Nov/2026 300 Exploration GOLD STORE 30A 21/Nov/2026 300 Exploration GOLD STORE 36A 21/Sep/2026 300 Exploration GOLD STORE 35A 22/Sep/2026 300 Exploration GOLD STORE 34A 21/Nov/2026 300 Exploration GOLD STORE 33A 21/Nov/2026 300 Exploration GOLD STORE 37A 21/Nov/2026 300 Exploration GOLD STORE 38A 21/Nov/2026 300 Exploration GOLD STORE 39A 22/Nov/2026 300 Exploration GOLD STORE 40A 4/Nov/2026 300 Exploration GOLD STORE 41A 4/Nov/2026 300 Exploration GOLD STORE 42A 4/Nov/2026 300 Exploration GOLD STORE 43A 4/Nov/2026 300 Exploration GOLD STORE 44A 4/Nov/2026 300 Exploration GOLD STORE 45A 4/Nov/2026 300 Exploration GOLD STORE 46A 4/Nov/2026 300 Exploration GOLD STORE 47A 4/Nov/2026 300 Exploration GOLD STORE 48A 18/Nov/2026 300 Exploration GOLD STORE 49A 14/Nov/2026 300 Exploration GOLD STORE 50A 14/Nov/2026 300 Exploration GOLD STORE 51A 14/Nov/2026 300 Exploration GOLD STORE 52A 16/Nov/2026 300 Exploration GOLD STORE 53A 21/Nov/2026 300 Exploration GOLD STORE 54A 21/Nov/2026 300 Exploration GOLD STORE 55A 21/Nov/2026 300 Exploration TESOROGOLD.COM.AU 12 ASX ANNOUNCEMENT 23 OCTOBER 2024 Concession Name Date of Expiration Size (ha) Concession type GOLD STORE 56A 21/Nov/2026 200 Exploration GOLD STORE 57A 21/Nov/2026 300 Exploration GOLD STORE 58A 21/Nov/2026 300 Exploration GOLD STORE 59A 21/Nov/2026 300 Exploration GOLD STORE 60A 18/Nov/2026 300 Exploration GOLD STORE 61A 18/Nov/2026 300 Exploration GOLD STORE 62A 18/Nov/2026 300 Exploration GOLD STORE 63A 18/Nov/2026 300 Exploration GOLD STORE 64A 18/Nov/2026 300 Exploration GOLD STORE 65A 18/Nov/2026 300 Exploration VACAS FLACAS 1A 27-October-2026 300 Exploration VACAS FLACAS 2A 27-October-2026 300 Exploration VACAS FLACAS 5A 27-October-2026 300 Exploration VACAS FLACAS 6A 27-October-2026 300 Exploration VACAS FLACAS 7A 27-October-2026 300 Exploration VACAS FLACAS 8A 27-October-2026 300 Exploration VACAS FLACAS 9A 27-October-2026 300 Exploration VACAS FLACAS 10A 27-October-2026 300 Exploration VACAS FLACAS 11A 26-October-2026 300 Exploration VACAS FLACAS 12A 26-October-2026 300 Exploration VACAS FLACAS 13A 18-April-2027 300 Exploration VACAS FLACAS 14A 26-October-2026 300 Exploration VACAS FLACAS 15 26-October-2026 300 Exploration VACAS FLACAS 16A 26-October-2026 300 Exploration VACAS FLACAS 17A 27-October-2026 300 Exploration VACAS FLACAS 18A 26-October-2026 300 Exploration VACAS FLACAS 19A 26-October-2026 300 Exploration VACAS FLACAS 20A 26-October-2026 300 Exploration VACAS FLACAS 21A 26-October-2026 300 Exploration VACAS FLACAS 22A 26-October-2026 300 Exploration VACAS FLACAS 23A 26-October-2026 300 Exploration VACAS FLACAS 24A 26-October-2026 300 Exploration VACAS FLACAS 25A 26-October-2026 300 Exploration VACAS FLACAS 28A 26-October-2026 300 Exploration VACAS FLACAS 27A 26-October-2026 300 Exploration VACAS FLACAS 26A 26-October-2026 300 Exploration VACAS FLACAS 3A 02-December-2026 300 Exploration VACAS FLACAS 4A 02-December-2026 300 Exploration Bloody Good Shot 13B 27-September-2026 200 Exploration Bloody Good Shot 12B 27-September-2026 200 Exploration Bloody Good Shot 11B 27-September-2026 200 Exploration Bloody Good Shot 10B 27-September-2026 300 Exploration Bloody Good Shot 9B 28-September-2026 300 Exploration Bloody Good Shot 8B 05-October-2026 200 Exploration Bloody Good Shot 7B 28-September-2026 100 Exploration Bloody Good Shot 6B 05-October-2026 200 Exploration Bloody Good Shot 5B 29-October-2026 200 Exploration TESOROGOLD.COM.AU 13 ASX ANNOUNCEMENT 23 OCTOBER 2024 Concession Name Date of Expiration Size (ha) Concession type Bloody Good Shot 4B 29-October-2026 300 Exploration Bloody Good Shot 3B 03-October-2026 300 Exploration Bloody Good Shot 2B 03-October-2026 300 Exploration Bloody Good Shot 1B 03-October-2026 300 Exploration Buzzard 1, 1 al 300 NA-Constituted 300 Exploitation Buzzard 2, 1 al 300 NA-Constituted 300 Exploitation Buzzard 3, 1 al 300 NA-Constituted 300 Exploitation Buzzard 4, 1 al 300 NA-Constituted 300 Exploitation LEON DOS 1-30 NA-Constituted 300 Exploitation LEON UNO 1-30 NA-Constituted 300 Exploitation LAS COQUETAS 1/10 NA-Constituted 100 Exploitation PATON DOS 1/29 NA-Constituted 230 Exploitation PATON UNO 1/29 NA-Constituted 240 Exploitation CALDERILLA 1, 1 AL 10 NA-Constituted 100 Exploitation CALDERILLA 2, 1 AL 10 NA-Constituted 100 Exploitation CALDERILLA 3, 1 AL 10 NA-Constituted 100 Exploitation CALDERILLA 4, 1 AL 10 NA-Constituted 100 Exploitation CALDERILLA 5, 1 AL 10 NA-Constituted 100 Exploitation CALDERILLA 6, 1 AL 10 NA-Constituted 100 Exploitation CALDERILLA 7, 1 AL 10 NA-Constituted 100 Exploitation CALDERILLA 8, 1 AL 10 NA-Constituted 100 Exploitation CALDERILLA 9, 1 AL 10 NA-Constituted 100 Exploitation CALDERILLA 10, 1 AL 10 NA-Constituted 100 Exploitation CALDERILLA 11, 1 AL 10 NA-Constituted 100 Exploitation CALDERILLA 12, 1 AL 10 NA-Constituted 100 Exploitation CALDERILLA 13, 1 AL 10 NA-Constituted 100 Exploitation CALDERILLA 14, 1 AL 10 NA-Constituted 100 Exploitation CALDERILLA 15, 1 AL 10 NA-Constituted 100 Exploitation CALDERILLA 16, 1 AL 10 NA-Constituted 100 Exploitation CALDERILLA 17, 1 AL 10 NA-Constituted 76 Exploitation CALDERILLA 18, 1 AL 10 NA-Constituted 36 Exploitation CALDERILLA 19, 1 AL 10 NA-Constituted 100 Exploitation CALDERILLA 20, 1 AL 10 NA-Constituted 91 Exploitation CALDERILLA 21, 1 AL 10 NA-Constituted 76 Exploitation CALDERILLA 22, 1 AL 10 NA-Constituted 100 Exploitation CALDERILLA 23, 1 AL 10 NA-Constituted 100 Exploitation TAKEO SEGUNDA 1 AL 20 NA-Constituted 100 Exploitation TAKEO TERCERA 1 AL 20 NA-Constituted 100 Exploitation Notes: 1. Constituted exploitation concessions have no expiry. TESOROGOLD.COM.AU 14