Tesoro Gold (OTCPK:TSOR.F) 2025 Conference Transcript

Tesoro Gold Conference Summary Company Overview - Company: Tesoro Gold (OTCPK:TSOR.F) - Conference Date: September 11, 2025 - Speaker: Jeff McNamara, co-founder and non-executive director Key Points Industry and Project Location - Tesoro Gold is involved in gold mining, specifically in Chile, which is noted for its geological diversity and mineral deposits [2][7] - The project is located at a relatively low altitude, averaging 400 meters above sea level, which is advantageous for operations [3][2] Infrastructure and Agreements - The company has secured MOUs for water and power supply, with agreements expected to be finalized by the end of the year [4][5] - Water will be sourced from a nearby desalination plant, while power will be sourced from solar arrays, costing approximately 12¢ per kilowatt hour [6][5] Geological Insights - The project is situated in the Coastal Cordillera, identified for its mineralization potential due to intersecting geological structures [8][9] - The geological model indicates a well-mineralized system with significant potential for gold deposits [9][18] Resource Estimates and Scoping Study - The current resource estimate is 2,000,000 ounces, with a potential to grow to 5,000,000 ounces through further exploration [11][14] - A recent scoping study indicates a capital cost of approximately US$250 million, with a projected NPV of US$663 million at a gold price of US$2,750 per ounce [10][19][27] - The project has an all-in sustaining cost of US$1,216 per ounce, with a payback period of 20 months at the base case gold price [19][27] Exploration and Drilling Plans - The company plans to drill additional targets in the coming weeks, including Brea, Calderillos, and Kitsune, to further assess the mineralization potential [21][22] - A total of 140,000 meters of diamond core drilling has been completed, with promising intercepts indicating high-grade mineralization [15][17] Financial Position and Market Strategy - Tesoro Gold has a market capitalization of approximately US$100 million and US$7.5 million in cash reserves [23][22] - The company is preparing to return to the market for additional funding early next year to support ongoing exploration and development [23][22] Management and Team Expansion - Recent additions to the management team include Mark Connolly as independent non-executive chairman and Tim Williams as project director [24][22] - The team is focused on advancing the project towards permitting and construction phases [24][22] Future Outlook - The strategy includes growing the resource base to 3,000,000 ounces and pursuing further discoveries within a 30-kilometer gold corridor [20][28] - The company is optimistic about making new discoveries based on geological surveys and ongoing drilling efforts [28][29] Additional Insights - The geological features and infrastructure advantages position Tesoro Gold favorably within the competitive landscape of gold mining in Chile [2][10] - The focus on low-cost operations and high recovery rates enhances the project's attractiveness to investors [19][27]