Quarterly Activities Report
Released
Released
Announcement PDF
ASX ANNOUNCEMENT
29 October 2021
ASX: TSO | ACN 106 854 175
September 2021 Quarterly Activities Report
Tesoro Resources Limited (ASX: TSO) (Tesoro or the Company) is pleased to provide the following
activities report that outlines progress achieved during the September 2021 Quarter.
HIGHLIGHTS
▪ Ternera Maiden Mineral Resource Estimate (MRE) of 25.1 Mt @ 0.8 g/t for 660koz of gold using
a 0.3g/t Au cut-off, within an optimised pit shell at the El Zorro Gold Project.
▪ MRE includes 15.4Mt @ 1.09g/t for 540koz using a 0.5g/t Au cut-off.
▪ 60,000m extensional and infill drilling program underway at the Ternera Gold Deposit.
▪ MRE delivered in under 18 months since Company’s re-quotation on ASX at a discovery cost
of approximately US$21.00 per ounce, less than half global average discovery cost.
▪ Detailed metallurgical test work conducted on representative drill core samples from the
Ternera Gold Deposit exhibit very high gravity and cyanide leach gold recoveries up to 98%.
▪ Drilling continues 24/7, with six drill rigs at El Zorro to define and add Resource ounces.
▪ Tesoro has intersected strong gold results outside Mineral Resource area at Ternera including:
•
76.15m @ 1.15g/t Au including 8.00m @ 3.56g/t Au;
•
19.00m @ 2.58g/t Au including 4.00m @ 10.63g/t Au; and
•
130.00m @ 0.65g/t including 7.40m @ 7.68g/t Au
▪ Tesoro has also received wide gold intervals with higher grade zones including:
•
96.15m @ 0.98g/t Au including 12.00m @ 4.78g/t Au
•
16.40m @ 2.35g/t Au including 2.00m @ 12.74g/t Au
▪ Appointment of Linton Putland as Executive Director – Mining and Development.
▪ Appointment of Kristie Young as Non-Executive Director.
Ternera Gold Deposit – Maiden Mineral Resource
The Ternera Gold Deposit occurs within Tesoro’s El Zorro Gold Project (El Zorro or the Project) which
covers a total concession holding area of approximately 550km2, located approximately 130km
north of Copiapo City, in Region III (Atacama) northern Chile. The Ternera deposit is 13km inland
from the Pacific Ocean, 57km by road from the port of Caldera and is well supported by existing
road, power, and water infrastructure.
The MRE was delivered in under 18 months since the Company’s re-quotation on ASX at a discovery
cost of approximately US$21.00 per ounce, less than half global average discovery cost.
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ASX Announcement 29 October 2021
Table 1 – El Zorro Gold Project, Ternera Gold Deposit Mineral Resource Estimate reported at various cut offs within an
optimised pit shell
Figure 1– El Zorro Project Location Map – Ternera Gold Deposit shown at the yellow diamond
Tesoro commenced work on the Project in 2017 and has subsequently drilled 201 diamond drill holes
at El Zorro and defined the Ternera Gold Deposit. The Maiden MRE is based on 148 diamond holes
(46,937m of drilling). In total, as at the end of the quarter, Tesoro has drilled 203 holes for 61,763m of
drilling at Ternera with diamond drill programs ongoing throughout 2021.
Mineralisation within the reported MRE has been classified according to the JORC 2012 Code and
has been reported with an optimised pit shell. A majority of the MRE area has been drilled on a 50m
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ASX Announcement 29 October 2021
x 50m drill spacing and is classified as Inferred Resources. A small portion in the Central Ternera area
has been drilled at a sufficient density to be classified as Indicated Resources (Figure 2).
Figure 2 – Long section view looking west of the classified Ternera block model within an optimised open pit. Red =
Indicated resource, Blue = Inferred Resource, Grey = optimised pit shell. Black drill holes are used in the Resource
calculation, green holes awaiting assays. Grid size = 200m. Datum = PSAD56 19S
The Ternera Gold Deposit remains open in all directions, drilling continues to both improve the
reported Resource categories, expand and add additional gold Resources.
As at 30 September, the Company had drilled 242 diamond drill holes at Ternera. With only 148 holes
included in the MRE, there is significant scope for Tesoro to increase the Resource inventory at El
Zorro during 2021, as demonstrated by the return of multiple wide, high-grade gold intercepts
reported during the quarter.
Drilling to Increase Ternera Gold Deposit
Tesoro is continuing to drill the Ternea Deposit throughout the quarter in order to increase the Ternera
Mineral Resource. Assays from drilling have delivered strong results throughout the September
quarter.
The latest assays were received from 9 diamond drill holes completed as part of the Ternera infill
drilling program. All holes intercepted gold mineralisation, with wide gold zones intercepted
increasing continuity and the extent of higher-grade gold zones, associated with north-south fault
zones.
Drilling during the quarter Tesoro reported additional wide high grade gold results including:
•
3
ZDDH0154
• 39.55m @ 1.31g/t Au from 3.45m including:
• 5.00m @ 5.66g/t Au from 8.00m.
+61 8 9322 1587 | info@tesororesources.com.au | Suite 5, 62 Ord Street, West Perth WA 6005 | www.tesororesources.com.au
ASX Announcement 29 October 2021
•
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.
•
ZDDH0170
• 205.00m @ 0.96g/t Au from 9.00m including;
•
59.00m @ 2.49g/t Au from 147.00m; and
•
21.00m @ 5.26g/t Au from 147.00m.
•
ZDDH0173
•
•
76.15m @ 1.16g/t Au from 219.85m including;
•
11.30m @ 2.60g/t Au from 265.00m; and
•
8.00m @ 3.56g/t Au from 265.00m.
ZDDH0180:
• 225.35m @ 0.64g/t Au from 20.00m including;
•
96.15m @ 0.98g/t Au from 20.00m; and
•
42.50m @ 1.65g/t Au from 20.00m; and
•
12.00m @ 4.78 g/t Au from 50.50m ;
•
35.30m @ 1.03g/t Au from 159.70m; and
•
18.17m @ 1.41g/t Au from 159.70m.
Positive drill results were also returned from new mineralisation at the Ternea East Target,
approximately 500m east of the main Ternera deposit. Hole ZDDH0149 and ZDDH0166 intercepted
zones of mineralised El Zorro Tonalite highlighting the potential of additional gold resources outside
of the Ternera Deposit.
Figure 3: Ternera Drill Section - 200m looking northwest. Hole ZDDH0166 showing strong gold mineralisation approximately
400m east of the existing Mineral Resource model and confirms mineralised El Zorro Tonalite host rocks from surface to
250m depth at Ternera East.
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ASX Announcement 29 October 2021
Drilling continues at El Zorro focussing on infill and extensional areas at Tenera, along with drilling at
additional targets Ternera East, Drone Hill and Toro Blanco. As at the end of the quarter results from
44 diamond drill holes remain outstanding.
All additional drilling results will be used to update the existing Mineral Resource Estimate for the
Ternera Deposit, targeted for Q4 2021.
Metallurgical Test Work Results
During the quarter the Company received initial results from a detailed metallurgical test work
program being conducted on mineralised material from the Ternera Deposit.
The test work program was designed to assess the gravity recovered gold component and cyanide
leaching characteristics over a range of grind sizes. The test work program will provide a Prefeasibility Study (“PFS”) level of assessment for the gravity recovery and leach kinetics of the various
mineralised zones at Tenera.
Initial metallurgical test work results were received for a composited sample that represented the
various mineralised zones at Tenera. The testwork was conducted using seawater (the proposed
water source for ore processing at El Zorro) with results returning up to 96% gold recoveries. Results
for the composite sample are presented in Table 2.
Head Grade
Grind
Metallurgical
Assay Au g/t
calculated
Micron
Au g/t
1.12
1.42
250
1.19
200
1.26
150
1.26
75
Gravity
Cyanide Overall
Tails
Recovery Extraction Recovery Grade
%
%
%
27.35
41.72
30.72
30.91
62.79
52.41
65.32
66.70
90.14
94.13
96.04
97.61
Au g/t
0.14
0.07
0.05
0.03
Table 2 – Metallurgical testwork results for a composite ‘Life of Mine” sample of mineralised material from the Ternera
Gold Deposit.
The test work results indicate that mineralised material from Tenera has a very high gravity
recoverable portion, rapid cyanide leach kinetics and is only marginally sensitive to grind size.
Based on these test work results a grind size of 200 micron has been selected as the basis of future
test work programs and process flow sheet design. 200 microns is considered a very coarse grind
and indicates the potential for utilisation of low operational cost milling processes.
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ASX Announcement 29 October 2021
Corporate
Appointment of Directors
On 15 September 2021, the Company announced the appointment of two Directors:
Mr Linton Putland (Executive Director – Mining and Development)
Mr Putland has more than 30 years’ experience in mining operations, joint ventures and corporate
management in Australia, Africa and the Americas, over a wide range of commodities.
Mr Putland is principal of LJ Putland & Associates, a private mining consultancy company which
was founded in 2002, providing advisory and consultancy services in mining project and company
evaluation and due diligence appraisals with a focus on corporate growth. During this period, he
was Managing Director of a privately-owned exploration company with joint venture interests in
Africa.
Prior to this, he held corporate and senior management roles in IAMGOLD, AurionGold, Delta Gold
and Pancontinental Mining. He is a Member of AusIMM and a Graduate Member of Australian
Institute of Company Directors.
Mr Putland is a Non-Executive Director of Breaker Resources Limited (ASX:BRB) and WA Kaolin
Limited (ASX: WAK). Previously, he was Non-Executive Director of Pacific Energy Limited which was
acquired by the Queensland Investment Corporation (QIC) for A$422m for its global infrastructure
fund.
He holds degrees in Mining Engineering (Bachelor of Engineering, Western Australian School of
Mines) and a Masters in Science (Mineral Economics, Western Australian School of Mines).
Ms Kristie Young (Non-Executive Director)
Ms Young has more than 20 years’ experience across mining, technical engineering, project
evaluation, feasibility studies, professional services (EY & PwC), business development, growth,
strategy, commercial, marketing, executive search, consultancy, advisory, technology, education,
governance and solutions.
Ms Young is Non-Executive Chair of ChemX Materials Ltd, Non-Executive Director of Lithium Australia
NL (ASX:LIT), and sits on the boards of Wesley College WA and the Energy Club of WA. Ms Young
was previously a Non-Executive Director of Primero Group Limited which was acquired by NRW
Holdings for A$100m in Q1 2021.
Ms Young holds a Bachelor of Engineering (Mining) Hons from the University of Queensland and a
Postgraduate Diploma of Education (Mathematics & IT) from the University of Western Australia. She
is a graduate of the Australian Institute of Company Directors and holds a Cert IV HR from the
Australian HR Institute.
El Zorro Joint Venture with Wanaco SpA
On 26 August 2021, Tesoro was served notice of dispute initiated by the Company’s El Zorro Joint
Venture partner, Wanaco SpA (Wanaco), lodged with the 7th Civil Court de Santiago de Chile.
Wanaco is disputing the valuation and the procedure followed for the capital increase approved
in the Shareholders Meeting of El Zorro SCM held on 11 February 2021. El Zorro SCM is the El Zorro
Gold Project joint venture company of which Tesoro’s 95% owned Chilean subsidiary, Tesoro Mining
Chile SpA (Tesoro Chile) currently owns 85% (see ASX announcement on 24 March 2021).
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+61 8 9322 1587 | info@tesororesources.com.au | Suite 5, 62 Ord Street, West Perth WA 6005 | www.tesororesources.com.au
ASX Announcement 29 October 2021
The result of the cash contributions of A$7.6 million made by Tesoro Chile to El Zorro SCM was that
Tesoro Chile increased its ownership of the El Zorro Gold Project from 70% to 85% as Wanaco did not
contribute in accordance with its pre-emptive right to pro-rata contribute to the capital increase.
Tesoro is confident that the capital increases were properly valued and duly approved under
Chilean corporate and mining law and the dispute initiated by Wanaco is vexatious and with no
legal basis.
Tesoro will vigorously defend its position and is considering its legal options to have this spurious claim
rejected by the court. The Company will provide further updates in due course.
Use of Funds
The Company confirms that during the quarter ended 30 September 2021, it has used the funds
raised pursuant to the Company’s Prospectus dated 30 October 2019 and Supplementary
Prospectus’ dated 10 December 2019 and 29 January 2020 consistently with the “use of funds”
statement in the Prospectus. A comparison of actual expenditure since the Company’s re-listing on
ASX follows:
El Zorro Exploration
Espina Exploration and Earn-in
Expenditure
Project Payments
Partial repayment of Director
Loan to entities associated with
Geoffrey McNamara
Costs of the Offer
Corporate overheads and
administration costs
Administration costs and
working capital
Total
Prospectus
(24 month period)
$
2,175,000
850,000
Actual
Q1 FY22
$
5,646,383
-
Actual
TOTAL
$
19,028,037
55,900
295,000
75,000
-
264,092
75,000
485,990
830,000
-
557,358
830,000
189,010
512,889
1,595,311
4,900,000
6,159,272
22,405,698
The Company notes funds used towards El Zorro exploration drilling and administration and working
capital exceed the “use of funds” statement in the Prospectus and were funded by additional
capital raising activities undertaken by the Company, as announced to ASX.
Payments to Related Parties
As outlined in the Appendix 5B for the quarter ending 30 September 2021 (sections 6.1 and 6.2),
during the quarter approximately $211,897 in payments were made to related parties and/or their
associates as remuneration (inc superannuation) for the Managing Director, Executive and NonExecutive Director fees and consulting fees.
Authorised by the Board of Tesoro Resources Limited.
For more information:
Company:
7
Investors:
+61 8 9322 1587 | info@tesororesources.com.au | Suite 5, 62 Ord Street, West Perth WA 6005 | www.tesororesources.com.au
ASX Announcement 29 October 2021
Zeff Reeves, Managing Director
Tesoro Resources Limited
+61 8 9322 1587
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.
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.
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 major 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.
Concession Schedule
El Zorro Gold Project Exploration Concessions (85%* Tesoro Mining Chile SpA)
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ASX Announcement 29 October 2021
Total
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
9
Concession Name
SIERRA PATACONES 1
SIERRA PATACONES 2
SIERRA PATACONES 3
SIERRA PATACONES 4
SIERRA PATACONES 5
SIERRA PATACONES 6
SIERRA PATACONES 7
SIERRA PATACONES 8
SIERRA PATACONES 9
SIERRA PATACONES 10
SIERRA PATACONES 11
SIERRA PATACONES 12
SIERRA PATACONES 13
SIERRA PATACONES 14
SIERRA PATACONES 15
SIERRA PATACONES 20
SIERRA PATACONES 19
SIERRA PATACONES 18
SIERRA PATACONES 17
SIERRA PATACONES 16
SIERRA PATACONES 21
SIERRA PATACONES 22
SIERRA PATACONES 23
SIERRA PATACONES 24
SIERRA PATACONES 25
SIERRA PATACONES 26
SIERRA PATACONES 27
SIERRA PATACONES 28
SIERRA PATACONES 29
SIERRA PATACONES 30
SIERRA PATACONES 31
SIERRA PATACONES 32
SIERRA PATACONES 33
SIERRA PATACONES 34
SIERRA PATACONES 35
SIERRA PATACONES 42
SIERRA PATACONES 41
SIERRA PATACONES 40
SIERRA PATACONES 39
SIERRA PATACONES 38
SIERRA PATACONES 37
SIERRA PATACONES 36
SIERRA PATACONES 43
SIERRA PATACONES 44
SIERRA PATACONES 45
SIERRA PATACONES 46
SIERRA PATACONES 47
SIERRA PATACONES 48
SIERRA PATACONES 49
SIERRA PATACONES 50
SIERRA PATACONES 51
SIERRA PATACONES 53
SIERRA PATACONES 54
SIERRA PATACONES 55
SIERRA PATACONES 56
SIERRA PATACONES 57
SIERRA PATACONES 62
SIERRA PATACONES 61
SIERRA PATACONES 60
SIERRA PATACONES 59
SIERRA PATACONES 58
Date of Expiration
14/01/2023
14/01/2023
14/01/2023
14/01/2023
14/01/2023
14/01/2023
14/01/2023
14/01/2023
14/01/2023
14/01/2023
14/01/2023
14/01/2023
14/01/2023
14/01/2023
14/01/2023
14/01/2023
14/01/2023
14/01/2023
14/01/2023
14/01/2023
14/01/2023
14/01/2023
14/01/2023
14/01/2023
14/01/2023
14/01/2023
14/01/2023
14/01/2023
14/01/2023
14/01/2023
14/01/2023
14/01/2023
14/01/2023
14/01/2023
14/01/2023
14/01/2023
14/01/2023
14/01/2023
14/01/2023
14/01/2023
14/01/2023
14/01/2023
14/01/2023
14/01/2023
14/01/2023
14/01/2023
14/01/2023
14/01/2023
14/01/2023
14/01/2023
14/01/2023
14/01/2023
14/01/2023
14/01/2023
14/01/2023
14/01/2023
14/01/2023
14/01/2023
14/01/2023
14/01/2023
14/01/2023
Size
(ha)
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
Concession type
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
+61 8 9322 1587 | info@tesororesources.com.au | Suite 5, 62 Ord Street, West Perth WA 6005 | www.tesororesources.com.au
ASX Announcement 29 October 2021
Total
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
101
102
103
104
105
106
107
108
109
110
111
112
113
114
115
116
117
118
119
120
121
122
123
10
Concession Name
SIERRA PATACONES 63
SIERRA PATACONES 64
SIERRA PATACONES 65
SIERRA PATACONES 66
SIERRA PATACONES 67
SIERRA PATACONES 68
SIERRA PATACONES 69
SIERRA PATACONES 70
SIERRA PATACONES 71
SIERRA PATACONES 72
SIERRA PATACONES 73
SIERRA PATACONES 74
SIERRA PATACONES 75
SIERRA PATACONES 76
SIERRA PATACONES 77
SIERRA PATACONES 84
SIERRA PATACONES 83
SIERRA PATACONES 82
SIERRA PATACONES 81
SIERRA PATACONES 80
SIERRA PATACONES 79
SIERRA PATACONES 78
SIERRA PATACONES 52
GOLD STORE 72
GOLD STORE 71
GOLD STORE 70
GOLD STORE 69
GOLD STORE 68
GOLD STORE 67
GOLD STORE 66
GOLD STORE 1
GOLD STORE 2
GOLD STORE 3
GOLD STORE 4
GOLD STORE 5
GOLD STORE 6
GOLD STORE 7
GOLD STORE 8
GOLD STORE 9
GOLD STORE 10
GOLD STORE 11
GOLD STORE 12
GOLD STORE 13
GOLD STORE 14
GOLD STORE 15
GOLD STORE 16
GOLD STORE 17
GOLD STORE 18
GOLD STORE 19
GOLD STORE 20
GOLD STORE 21
GOLD STORE 22
GOLD STORE 23
GOLD STORE 24
GOLD STORE 25
GOLD STORE 26
GOLD STORE 27
GOLD STORE 28
GOLD STORE 29
GOLD STORE 30
GOLD STORE 36
GOLD STORE 35
Date of Expiration
14/01/2023
14/01/2023
14/01/2023
14/01/2023
14/01/2023
14/01/2023
14/01/2023
14/01/2023
14/01/2023
14/01/2023
14/01/2023
14/01/2023
14/01/2023
14/01/2023
14/01/2023
14/01/2023
14/01/2023
14/01/2023
14/01/2023
14/01/2023
14/01/2023
14/01/2023
14/01/2023
21-Jan-23
21-Jan-23
25-Jan-23
25-Jan-23
25-Jan-23
25-Jan-23
25-Jan-23
10-Dec-22
2-Dec-22
10-Dec-22
2-Dec-22
10-Dec-22
2-Dec-22
10-Dec-22
2-Dec-22
10-Dec-22
2-Dec-22
5-Dec-22
10-Dec-22
10-Dec-22
5-Dec-22
10-Dec-22
5-Dec-22
10-Dec-22
5-Dec-22
10-Dec-22
5-Dec-22
10-Dec-22
5-Dec-22
10-Dec-22
5-Dec-22
10-Dec-22
11-Dec-22
17-Dec-22
11-Dec-22
17-Dec-22
11-Dec-22
17-Dec-22
11-Dec-22
Size
(ha)
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
Concession type
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
+61 8 9322 1587 | info@tesororesources.com.au | Suite 5, 62 Ord Street, West Perth WA 6005 | www.tesororesources.com.au
ASX Announcement 29 October 2021
Total
124
125
126
127
128
129
130
131
132
133
134
135
136
137
138
139
140
141
142
143
144
145
146
147
148
149
150
151
152
153
154
155
156
157
158
159
160
161
162
163
164
165
166
167
168
169
170
171
172
173
174
175
176
177
178
179
180
181
182
183
184
185
11
Concession Name
GOLD STORE 34
GOLD STORE 33
GOLD STORE 32
GOLD STORE 31
GOLD STORE 37
GOLD STORE 38
GOLD STORE 39
GOLD STORE 40
GOLD STORE 41
GOLD STORE 42
GOLD STORE 43
GOLD STORE 44
GOLD STORE 45
GOLD STORE 46
GOLD STORE 47
GOLD STORE 48
GOLD STORE 49
GOLD STORE 50
GOLD STORE 51
GOLD STORE 52
GOLD STORE 53
GOLD STORE 54
GOLD STORE 55
GOLD STORE 56
GOLD STORE 57
GOLD STORE 58
GOLD STORE 59
GOLD STORE 60
GOLD STORE 61
GOLD STORE 62
GOLD STORE 63
GOLD STORE 64
GOLD STORE 65
VACAS FLACAS 1
VACAS FLACAS 2
VACAS FLACAS 5
VACAS FLACAS 6
VACAS FLACAS 7
VACAS FLACAS 8
VACAS FLACAS 9
VACAS FLACAS 10
VACAS FLACAS 11
VACAS FLACAS 12
VACAS FLACAS 13
VACAS FLACAS 14
VACAS FLACAS 15
VACAS FLACAS 16
VACAS FLACAS 17
VACAS FLACAS 18
VACAS FLACAS 19
VACAS FLACAS 20
VACAS FLACAS 21
VACAS FLACAS 22
VACAS FLACAS 23
VACAS FLACAS 24
VACAS FLACAS 25
VACAS FLACAS 28
VACAS FLACAS 27
VACAS FLACAS 26
VACAS FLACAS 3
VACAS FLACAS 4
Bloody Good Shot 13A
Date of Expiration
17-Dec-22
14-Dec-22
17-Dec-22
14-Dec-22
17-Dec-22
14-Dec-22
17-Dec-22
14-Dec-22
17-Dec-22
14-Dec-22
17-Dec-22
16-Dec-22
17-Dec-22
16-Dec-22
17-Dec-22
16-Dec-22
17-Dec-22
16-Dec-22
17-Dec-22
16-Dec-22
17-Dec-22
16-Dec-22
14-Jan-23
16-Dec-22
14-Jan-23
16-Dec-22
14-Jan-23
16-Dec-22
14-Jan-23
16-Dec-22
14-Jan-23
16-Dec-22
20-Jan-23
25-Jan-23
25-Jan-23
25-Jan-23
25-Jan-23
25-Jan-23
25-Jan-23
25-Jan-23
25-Jan-23
25-Jan-23
25-Jan-23
25-Jan-23
25-Jan-23
25-Jan-23
26-Jan-23
26-Jan-23
26-Jan-23
26-Jan-23
26-Jan-23
26-Jan-23
26-Jan-23
25-Jan-23
25-Jan-23
25-Jan-23
25-Jan-23
25-Jan-23
25-Jan-23
4-Feb-23
4-Feb-23
30-Nov-22
Size
(ha)
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
200
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
300
200
Concession type
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
Exploration
+61 8 9322 1587 | info@tesororesources.com.au | Suite 5, 62 Ord Street, West Perth WA 6005 | www.tesororesources.com.au
ASX Announcement 29 October 2021
Total
186
187
188
189
190
191
192
193
194
195
196
197
198
199
200
201
202
203
204
205
206
207
208
209
210
211
212
213
214
215
216
217
218
219
220
221
222
223
224
225
226
227
228
229
230
231
232
233
234
235
236
237
238
239
240
241
242
243
244
245
246
247
12
Concession Name
Bloody Good Shot 12A
Bloody Good Shot 11A
Bloody Good Shot 10A
Bloody Good Shot 9A
Bloody Good Shot 8A
Bloody Good Shot 7A
Bloody Good Shot 6A
Bloody Good Shot 5A
Bloody Good Shot 4A
Bloody Good Shot 3A
Bloody Good Shot 2A
Bloody Good Shot 1A
NICE BARREL 1
NICE BARREL 2
NICE BARREL 3
NICE BARREL 4
NICE BARREL 5
NICE BARREL 6
NICE BARREL 7
NICE BARREL 13
NICE BARREL 12
NICE BARREL 11
NICE BARREL 10
NICE BARREL 9
NICE BARREL 8
ZORRO 1A
ZORRO 2A
ZORRO 3A
ZORRO 4A
ZORRO 5A
ZORRO 6A
PUNTA DE DIAMENTE 1A
PUNTA DE DIAMENTE 2A
PUNTA DE DIAMENTE 3A
LA NEGRA COJA 1A
LA NEGRA COJA 2A
LA NEGRA COJA 3A
LA NEGRA COJA 4A
LA NEGRA COJA 5A
LA NEGRA COJA 6A
LA NEGRA COJA 7A
LA NEGRA COJA 8A
LA NEGRA COJA 9A
LA NEGRA COJA 10A
LA NEGRA COJA 11A
LA NEGRA COJA 12A
LA NEGRA COJA 13A
LA NEGRA COJA 14A
LA NEGRA COJA 15A
LA NEGRA COJA 16A
LA NEGRA COJA 17A
LA NEGRA COJA 18A
LA NEGRA COJA 19A
Buzzard 1, 1 al 300
Buzzard 2, 1 al 300
Buzzard 3, 1 al 300
Buzzard 4, 1 al 300
LEON DOS 1-30
LEON UNO 1-30
LAS COQUETAS 1/10
PATON DOS 1/29
PATON UNO 1/29
Date of Expiration
30-Nov-22
11-Nov-22
12-Nov-22
18-Nov-22
18-Nov-22
18-Nov-22
18-Nov-22
29-Jan-23
30-Nov-22
30-Nov-22
30-Nov-22
30-Nov-22
application
application
application
application
application
application
application
application
application
application
application
application
application
16-Mar-22
16-Mar-22
16-Mar-22
16-Mar-22
16-Mar-22
29-Apr-22
application
application
application
application
applicat
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