Tesoro Gold (TSO) Q4 2026 TU earnings summary

Executive summary

• Advanced the El Zorro Gold Project in Chile, progressing DFS workstreams and technical programs alongside resource definition drilling at the Ternera Gold Deposit.

• Completed infill drilling at Ternera, transitioning focus to expansion and regional discovery targets.

• Strengthened project execution with new strategic alliances, expanded in-country team, and key engineering and financial appointments.

Financial highlights

• Cash and cash equivalents totaled A$15.29 million as of 30 June 2026, with zero debt.

• Approximately A$7.13 million deployed on exploration and development activities during the quarter.

• Completion of the Unmarketable Parcel Share Sale Facility, reducing administrative costs.

Outlook and guidance

• Updated Mineral Resource Estimate (MRE) for Ternera targeted for August 2026, maiden Ore Reserve for September 2026, and DFS completion by end of CY2026.

• Environmental baseline studies scheduled for completion in August 2026, with permitting activities to follow.

• Ongoing drilling at Ternera East, Drone Hill, and district-scale targets to drive further resource growth.