Tesoro Gold Secures AU$11 Million to Drive El Zorro Project Development.

Tesoro Gold Limited (ASX: TSO) has successfully raised approximately AU$11.1 million through an institutional placement at AU$0.024 per share. The funding was strongly supported by existing shareholders, domestic and global institutions, and strategic partner Gold Fields Limited, which contributed AU$1.75 million. Proceeds will fund new discovery drilling, a revised Mineral Resource Estimate (MRE) for Ternera, an updated Scoping Study, and complete the permitting process for the El Zorro Gold Project. The placement will be executed in two tranches, with shareholder approval required for the Gold Fields investment. Tesoro’s Managing Director, Zeff Reeves, expressed confidence in advancing El Zorro into development, highlighting strong regional exploration potential validated by Gold Fields’ continued support.

Customer Notice:

Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.

Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com