Tesoro Resources
Financials:
Primary ticker: ASX:TSO, OTCQB:TSORF
Stage of development: Exploration, Development
Primary minerals: Gold
Project to promote: El Zorro
Project location: Chile
Website: www.tesororesources.com.au
Tesoro Resources Developing El Zorro Chile’s newest gold discovery
Cash: CAD6.5M
Debt: /
Major shareholders:
HSBC Nominees – 6.95%
Ken Hall – 5.84%
Tanamera Resources – 4.85%
Citicorp Nomonees – 4.76%
JP Morgan Nominees – 3.91%
Management ownership – 18%
Management Profile
Geoff McNamara – Co-Founder & Non-Executive Director
Geoff McNamara is a geologist with >30 years’ of international resource sector experience as a geologist, project manager and fund manager. Previously he worked in Private Equity (FUM USD800 million) and as a Director of Societe General’s Mining Finance Team in New York. Operational roles include Project Manager, Senior Mine Geologist and Mine Geologist for Ivanhoe Mines, Lion Ore International and Western Mining Corporation.
Geoff holds a Bachelors degree in Geology, a Graduate Diploma in Applied Finance and Investment from the Financial Services Institute of Australasia (FINSIA). He is a member of the Australian Institute of Company Directors (AICD) and the Australasian Institute of Mining and Metallurgy (AusIMM).
What is your rationale for taking part 121 Mining Investment?
On market support
What recent news would you like to highlight to investors attending?
67m @ 3.44g/t Au including 13.54m @ 15.84g/t Au
What is your key goals in 3,6 and 12 months?
3 Months:
Continue to expand El Zorro deposit via drill testing multiple new targets
6 Months:
Materially increase existing resource and commence Pre-Feasibility study
12 Months:
Complete Pre-Feasibility Study and continue to grow resources base
What do you think makes your company such a compelling investment?
Greenfields discovery established 1 million oz resource in 24 months, deposit open in all directions, 6 analogous targets to be tested prior to year end
What do you think makes your company such a compelling investment?
Outcropping orebody with high grade core
45% of gold recovery via gravity
<2% of 555km2 land package explored
What are the top 3 key investor takeaways?
Growing resource base
Mineralisation outcrops open in all directions
Developing a conventional large scale open pit mine & processing plant in Tier 1 jurisdiction