TSO.ASX: Tesoro Advances El Zorro DFS and Development

Tesoro Advances El Zorro DFS and Development

Stock	Tesoro Gold Ltd (TSO.ASX)
Release Time	1 Jul 2026, 8:20 a.m.
Price Sensitive	Yes

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Tesoro Gold Advances El Zorro DFS and Development

Key Points

All core activities for El Zorro Gold Project now underway or advanced
Expanded team and in-country presence established in Chile
Strategic alliance with STRACON Chile SpA for construction and operations
BurnVoir Corporate Finance appointed as financial advisor
Environmental baseline studies 75% complete

Full Summary

Tesoro Gold Limited is advancing the Definitive Feasibility Study (DFS) and development readiness activities for the Ternera Gold Deposit at its El Zorro Gold Project in Chile. All core activities across engineering, mining, processing, infrastructure, permitting, financing, and execution planning are now underway or materially advanced. The company has expanded its project development team and established a new office in Chile to support coordination, permitting, stakeholder engagement, and pre-construction planning. Tesoro has also formed a strategic alliance with STRACON Chile SpA to act as its preferred contractor for pre-construction, construction, and operations. GR Engineering Services has commenced DFS process design and engineering work for a proposed 3.0Mtpa gold processing plant. Environmental baseline studies are 75% complete, with the Environmental Impact Study documentation expected to be submitted in late 2026 to early 2027.