OREMAVEN
XMM 7,722.00 -2.63% YTD +5.6% OM ASX 450.55 -2.56% YTD +0.1% OM PRECIOUS 349.20 -2.24% YTD +2.5% OM EX-PREC 418.91 -2.72% YTD -1.1% XAU 4,115.59 +2.31% YTD -4.9% GLD 375.49 +0.81% YTD -5.2% GDX 85.75 +1.37% YTD -0.0% SIL 77.33 -1.00% YTD -7.3% COPX 70.23 -5.81% YTD -1.8% URNM 40.07 -2.79% YTD -27.0%
2026-11-06
◂ Monitor TSO ASX

Tesoro Gold Limited

PFS Developer · Gold · CL Rating locked: sign in to view v8.1 · tso-20261030t220329-full
Last 2026-11-06
A$0.74
1D
—
1M
—
YTD
—
1Y
—
Upside
Locked: sign in to view
Mkt cap
A$133M
EV
A$124.1M
Cash
A$9.3M
Debt
A$0
3 newer ASX announcements not yet reflected in this valuation

Narrative and provenance

Research & Sources

AI Analyst Report

The full analyst report, its figures and the broker-style PDF are available to subscribers and invited guests.

Sign in or enter a guest code
Chronological evidenceSource-document inventory41 documents
TSO insider dealings (data/insider-transactions.db)Governance · MediumExtracted

python -m miners.insider_transactions show TSO: no on-market director purchases since February 2025; one sale (McNamara 180,000 shares at A$1.15, 1 December 2025); June 2026 grants of U-Y class performance rights to all directors except Gibson; Putland rights lapsed in July and September 2026; Reeves converted 700,000 rights into shares in February 2026.

Document ID
tso_insider_db
Published UTC
2026-10-30T06:00:00Z
Projects
—
Commodities
gold
Quarterly Activities ReportOperations · HighExtracted

September 2026 quarterly activities report: Ternera MRE upgraded to 1.82Moz (1.47Moz Measured and Indicated), maiden 1.28Moz Ore Reserve, DFS targeted for CY2026, quarter-end cash A$9.28m, A$40m placement at A$0.73 and binding term sheet to buy Inversiones Marlin 5% free-carried interest in Tesoro Mining Chile for ~11.7m shares (both announced 29 October 2026, subject to an EGM in December 2026).

Document ID
tso_q3_2026_activities
Published UTC
2026-10-30T02:59:41Z
Projects
el_zorro
Commodities
gold
Open original source ↗
Quarterly Cashflow ReportResults · HighExtracted

Appendix 5B for the September 2026 quarter: operating outflow A$0.119m, exploration and evaluation payments A$5.639m, closing cash A$9.280m, no financing facilities, 1.61 quarters of funding before the 29 October 2026 placement.

Document ID
tso_q3_2026_5b
Published UTC
2026-10-30T03:04:11Z
Projects
el_zorro
Commodities
gold
Open original source ↗
ASX TSO closing price 30 October 2026Market Data · MediumExtracted

Latest eligible local ASX close from python -m miners.reference_price TSO --valuation-date 2026-10-30: A$0.795 (raw close) on 30 October 2026, volume 377,872, market data provider via miners.collect_stock_prices, one ASX TSO ordinary share, freshness 0 days.

Document ID
tso_price_20261030
Published UTC
2026-10-30T05:10:00Z
Projects
—
Commodities
gold
Open original source ↗
Market snapshot TSO at 30 October 2026Market Data · MediumExtracted

python -m miners.v8db.market_snapshot TSO --cutoff 2026-10-30 --shares 179736167 --commodities Au: 52-week range A$0.755-1.425; returns 1m -7.6%, 3m -6.5%, 6m -29.7%, 12m -5.4%, 3y +179%; vs mining index 1m +2.6pp, 3m -2.0pp, 6m -18.8pp, 12m -14.2pp, 3y +138pp; 20-day average traded value A$170,745 and 60-day A$142,599; market cap A$142.9m; gold spot US$4,031.40/oz (29 October 2026) vs 1-year average US$4,452, 3-year US$3,305, 5-year US$2,725; AUD per USD 1.4407; no published gold peers in the v8 database share TSO's row (peer set built separately).

Document ID
tso_market_snapshot_20261030
Published UTC
2026-10-30T06:00:00Z
Projects
—
Commodities
gold
Peer rows from miners_v8.db stock_daily (gold developers and builders)Market Data · MediumExtracted

Latest stock_daily rows on or before the cutoff for ASX gold peers already in the stock database: GGP (construction, 14 Oct 2026), RSG (construction, 14 Oct 2026), CMM (PFS developer/producer, 14 Oct 2026), FRS (PFS developer, 9 Oct 2026): market cap, EV, P/NAV, EV per attributable resource and reserve ounce, 12-month return, computed by miners.v8db.recompute against each stock's own published research.

Document ID
peer_database_20261030
Published UTC
2026-10-14T06:00:00Z
Projects
—
Commodities
gold
TSO management assessment and background check (local research product)Governance · MediumExtracted

management/TSO/summary.md and background-check.json (researched 9 October 2026): team score 60/100 on role-relevant but mostly issuer-reported biographies (Reeves, Putland, Curnow, Williams, Uribe, Wilson); records the Wanaco civil dismissal (August 2025), the appeal and a September 2025 criminal complaint reported by La Tercera naming Reeves and Uribe, with no judicial finding against either. Checked against the 2025 annual report directors section.

Document ID
tso_mgmt_assessment
Published UTC
2026-10-09T16:00:00Z
Projects
—
Commodities
gold
TSO ownership register (local research product)Governance · MediumExtracted

ownership/TSO/investors.json (reviewed 9 October 2026): substantial holders Collins St 10.71%, Ruffer 6.31%, Aigle Royal 5.67%, Gold Fields 13.71% pre-consolidation; notes that no top-20 list was located (the annual report p.95 top-20 table is used here instead).

Document ID
tso_ownership_register
Published UTC
2026-10-09T16:00:00Z
Projects
—
Commodities
gold
This ASX gold stock could jump more than 200%: Broker (Motley Fool Australia on Morgans)Other · MediumExtracted

Motley Fool Australia (23 September 2026) reporting Morgans after the maiden reserve: price target A$2.64 with the shares at A$0.875; thesis of a technically robust, financeable single-pit project (strip ratio 6.3:1) near road, power, water and the port of Caldera, with multiple de-risking catalysts in 12 months; no explicit rating quoted. Remote-only source; the extraction fingerprint hashes the recorded summary.

Document ID
morgans_motley_20260923
Published UTC
2026-09-22T23:00:00Z
Projects
—
Commodities
—
Open original source ↗
Presentation - Precious Metals Summit Beaver CreekPresentation · MediumExtracted

Precious Metals Summit Beaver Creek presentation (22 September 2026): capital structure at 18 September 2026 (179m shares, 12.8m performance rights, net cash A$15.3m at 30 June 2026), register split (Gold Fields 12.9%, Collins Street 10.9%), PFS headline economics, development timetable (DFS Q4 CY26, FID Q1 2027, first gold CY29).

Document ID
tso_pres_202609
Published UTC
2026-09-21T22:22:49Z
Projects
el_zorro
Commodities
gold
Open original source ↗
Notification of cessation of securities - TSOCorporate Action · LowExtracted

Appendix 3H (18 September 2026): 360,000 performance rights lapsed; issued capital 179,736,167 ordinary shares, 12,872,762 performance rights, 1,000,000 options (A$0.54, June 2028) and 77,243 share rights.

Document ID
tso_appx3h_20260918
Published UTC
2026-09-18T07:51:35Z
Projects
—
Commodities
gold
Open original source ↗
Maiden 1.28Moz Ore Reserve at Ternera - title correctionReserve Update · HighExtracted

Maiden Ternera Ore Reserve (title-corrected release, 18 September 2026): 42.8Mt at 0.93g/t Au for 1,283koz (93koz Proved, 1,190koz Probable) in a US$3,000/oz pit; PFS-level modifying factors: 3.0Mtpa CIP plant, 94.5% recovery, pre-production capital US$276.5m (US$52.2m vendor-financed lease), opex US$42.77/t or US$1,538/oz, LOM AISC US$1,572/oz, post-tax NPV5 US$994m and IRR 57% at US$3,500/oz, production schedule Y2-Y16 for ~1.19Moz, EIA submission Q1 2027, no government or private royalties.

Document ID
tso_ore_reserve_20260918
Published UTC
2026-09-17T22:58:38Z
Projects
el_zorro
Commodities
gold
Open original source ↗
Half Year Report and AccountsResults · HighExtracted

Half-year report to 30 June 2026 (auditor-reviewed): loss after tax A$2.39m, cash A$15.29m, capitalised exploration A$66.27m, total equity A$81.69m, lease liabilities A$0.34m, 179,059,659 shares; review of DFS workstreams, STRACON alliance LOI, VAT refund contingent asset and the Wanaco contingent liability.

Document ID
tso_hy_2026
Published UTC
2026-09-10T22:23:47Z
Projects
—
Commodities
gold
Open original source ↗
Upgrade to Ternera 1.8Moz Mineral ResourceResource Update · HighExtracted

Upgraded Ternera Mineral Resource (27 August 2026): 51.6Mt at 1.10g/t Au for 1.82Moz within a US$3,500/oz shell at 0.30g/t cut-off; Measured 95koz, Indicated 1,371koz, Inferred 356koz; 153,180m of drilling from 474 holes.

Document ID
tso_mre_20260827
Published UTC
2026-08-26T22:31:05Z
Projects
el_zorro
Commodities
gold
Open original source ↗
Quarterly Activities ReportOperations · MediumExtracted

June 2026 quarterly activities report: resource-definition drilling (66.30m @ 1.71g/t Au in ZDDH0436), DFS workstreams, STRACON alliance, BurnVoir appointment, environmental baseline about 75% complete.

Document ID
tso_q2_2026_activities
Published UTC
2026-07-30T23:11:19Z
Projects
el_zorro
Commodities
gold
Open original source ↗
Quarterly Cashflow ReportResults · MediumExtracted

Appendix 5B for the June 2026 quarter: exploration and evaluation payments A$7.135m, term deposit maturity, closing cash A$15.293m.

Document ID
tso_q2_2026_5b
Published UTC
2026-07-30T23:19:14Z
Projects
el_zorro
Commodities
gold
Open original source ↗
Application for quotation of securities - TSOCorporate Action · LowExtracted

Appendix 2A (17 July 2026): 46,508 shares issued on vesting of share rights.

Document ID
tso_appx2a_20260717
Published UTC
2026-07-17T06:20:58Z
Projects
—
Commodities
gold
Open original source ↗
Tesoro Advances El Zorro DFS and DevelopmentStudy · MediumExtracted

DFS and development-readiness update (1 July 2026): non-binding alliance LOI with STRACON Chile, GR Engineering on process design, Knight Piesold on dry-stack tailings, BurnVoir as debt adviser, 21MW grid connection request lodged, baseline studies 75% complete, EIA documentation late 2026 to early 2027.

Document ID
tso_dfs_update_20260701
Published UTC
2026-06-30T22:20:54Z
Projects
el_zorro
Commodities
gold
Open original source ↗
Change of Director's Interest Notice x4Governance · LowExtracted

Appendix 3Y notices (19 June 2026): performance rights granted to directors after the 2026 AGM (Reeves 2.15m, Putland 1.63m, Connelly and McNamara 0.95m each).

Document ID
tso_dir_interest_20260619
Published UTC
2026-06-19T06:24:55Z
Projects
—
Commodities
gold
Open original source ↗
Quarterly Activities ReportOperations · MediumExtracted

March 2026 quarterly activities report: extensional drilling down plunge (8.84m @ 3.54g/t Au), helicopter geophysics extending the corridor to over 40km, infill programme 80% complete, decision to go directly to DFS.

Document ID
tso_q1_2026_activities
Published UTC
2026-04-23T05:00:04Z
Projects
el_zorro
Commodities
gold
Open original source ↗
Quarterly Cashflow ReportResults · MediumExtracted

Appendix 5B for the March 2026 quarter: exploration and evaluation payments A$6.670m, closing cash A$14.545m.

Document ID
tso_q1_2026_5b
Published UTC
2026-04-23T05:03:19Z
Projects
el_zorro
Commodities
gold
Open original source ↗
Appendix 5B ReplacementResults · LowExtracted

Replacement Appendix 5B for the December 2025 quarter (2 April 2026) correcting cash to A$22.171m after reclassifying the A$8.03m term deposit; exploration and evaluation payments A$4.788m in the quarter.

Document ID
tso_5b_replacement_20260402
Published UTC
2026-04-02T07:09:55Z
Projects
—
Commodities
gold
Open original source ↗
Annual Report to shareholdersResults · HighExtracted

Annual report for the year ended 31 December 2025 (audited, RSM): loss after tax A$5.17m, cash A$22.17m plus A$8.03m term deposit, capitalised exploration A$55.18m, equity A$85.79m; directors and biographies; MRE statement; Wanaco litigation and El Zorro ownership (95.4% of El Zorro SCM via 95%-owned Tesoro Mining Chile, 90.6% effective); top-20 holders at 13 March 2026 and substantial holders.

Document ID
tso_ar_2025
Published UTC
2026-03-26T05:39:56Z
Projects
—
Commodities
gold
Open original source ↗
Tesoro Gold to advance Ternera to Definitive FeasibilityStudy · MediumExtracted

Decision to proceed directly to DFS (25 February 2026), DFS targeted by end CY2026 and FID by end CY2026; updated MRE then scheduled for Q2 2026.

Document ID
tso_dfs_decision_20260225
Published UTC
2026-02-24T21:52:29Z
Projects
el_zorro
Commodities
gold
Open original source ↗
Gold price will rise 22% above current level to reach $6,300 by year-end 2026 - J.P. MorganCommodity Data · MediumExtracted

Kitco News (25 February 2026) on J.P. Morgan research: year-end 2026 gold target US$6,300/oz, long-term forecast raised to US$4,500/oz, central bank purchases expected near 755t in 2026 (about 190t a quarter), down from over 1,000t a year in 2022-2025. Remote-only source; the extraction fingerprint hashes the recorded summary.

Document ID
kitco_jpm_20260225
Published UTC
2026-02-25T15:00:00Z
Projects
—
Commodities
gold
Open original source ↗
Change in substantial holdingCorporate Action · LowPartial

Form 604 change in substantial holding for Ruffer LLP (12 February 2026): 11,286,916 shares, 6.31%. Scanned image-only filing: the cover page was viewed as an image; the holding figure is taken from the 2025 annual report substantial-holder table (p.94), which cites this notice.

Document ID
tso_ruffer_20260212
Published UTC
2026-02-11T21:13:53Z
Projects
—
Commodities
gold
Open original source ↗
Change in substantial holdingCorporate Action · LowPartial

Form 604 change in substantial holding for Collins St Asset Management (3 February 2026): 19,041,159 shares, 10.71%. Scanned image-only filing: the cover page was viewed as an image; the holding figure is taken from the 2025 annual report substantial-holder table (p.94), which cites this notice.

Document ID
tso_collins_20260203
Published UTC
2026-02-03T05:25:35Z
Projects
—
Commodities
gold
Open original source ↗
Quarterly Activities ReportOperations · MediumExtracted

December 2025 quarterly activities report: 38,000m drilling programme under way, La Brea maiden drilling, A$34m placement settled, 15-for-1 consolidation completed.

Document ID
tso_q4_2025_activities
Published UTC
2026-01-26T22:13:23Z
Projects
el_zorro
Commodities
gold
Open original source ↗
Tesoro Gold (ASX:TSO) analyst forecast (StockAnalysis, S&P Global consensus)Other · MediumExtracted

StockAnalysis page citing S&P Global (targets last updated 21 January 2026): three analysts, consensus Buy, average target A$3.23 (low A$2.00, high A$4.88); Canaccord Genuity initiated at Speculative Buy with A$2.80. Used only to test the thesis, not as a fair-value anchor. Remote-only source; the extraction fingerprint hashes the recorded summary.

Document ID
stockanalysis_consensus_20260121
Published UTC
2026-01-20T22:00:00Z
Projects
—
Commodities
—
Open original source ↗
Change of Director's Interest NoticeGovernance · LowExtracted

Appendix 3Y (5 December 2025): Geoffrey McNamara (Tanamera Resources) sold 180,000 shares on market at A$1.15.

Document ID
tso_dir_interest_20251205
Published UTC
2025-12-05T08:34:43Z
Projects
—
Commodities
gold
Open original source ↗
Becoming a substantial holderCorporate Action · LowExtracted

Form 603 Aigle Royal Superannuation / Aigle Royal Consolidated became a substantial holder (2 December 2025): 10,066,666 shares, 5.67%.

Document ID
tso_aigle_20251203
Published UTC
2025-12-02T21:57:28Z
Projects
—
Commodities
gold
Open original source ↗
Gold demand rises to new high in tandem with price - WGCCommodity Data · MediumExtracted

Mining Weekly (30 October 2025) on the World Gold Council Q3 2025 Gold Demand Trends: record 1,313t quarterly demand (+3% y/y) driven by 222t of ETF inflows and 316t of bar and coin, jewellery down 19% to 371t, central banks 220t. Remote-only source; the extraction fingerprint hashes the recorded summary.

Document ID
wgc_q3_2025_miningweekly
Published UTC
2025-10-30T07:00:00Z
Projects
—
Commodities
gold
Open original source ↗
Quarterly Activities ReportOperations · MediumExtracted

September 2025 quarterly activities report: updated scoping study (US$248m pre-production capital, AISC US$1,216/oz, 111koz pa) and August 2025 MRE of 1.82Moz.

Document ID
tso_q3_2025_activities
Published UTC
2025-10-27T21:52:04Z
Projects
el_zorro
Commodities
gold
Open original source ↗
Change in substantial holdingCorporate Action · LowExtracted

Form 604 Gold Fields group (Corporate International Holdings BV) change in substantial holding (10 October 2025): 345,266,739 pre-consolidation shares, 13.71%.

Document ID
tso_goldfields_20251010
Published UTC
2025-10-10T04:51:36Z
Projects
—
Commodities
gold
Open original source ↗
Tesoro secures A$34M to advance El Zorro towards developmentFinancing · HighExtracted

A$34m two-tranche placement at A$0.053 (pre-consolidation) announced 30 September 2025 to fund DFS, permitting and drilling.

Document ID
tso_placement_20250930
Published UTC
2025-09-29T23:24:17Z
Projects
el_zorro
Commodities
gold
Open original source ↗
Expanded and Upgraded Open Pit Scoping Study OutcomesStudy · HighExtracted

Expanded and upgraded open pit scoping study (11 September 2025): 40.7Mt at 1.02g/t Au, 1.26Moz recovered over 13.5 years, upfront capital US$248m, AISC US$1,216/oz, post-tax NPV7.5 US$663m at US$2,750/oz; superseded by the September 2026 PFS-level Ore Reserve work.

Document ID
tso_scoping_20250911
Published UTC
2025-09-10T23:09:46Z
Projects
el_zorro
Commodities
gold
Open original source ↗
Half Year Report and AccountsResults · MediumExtracted

Half-year accounts to 30 June 2025: cash A$7.45m after the A$11.1m placement.

Document ID
tso_hy_2025
Published UTC
2025-09-07T23:00:00Z
Projects
—
Commodities
gold
Ternera Mineral Resource Estimate increases to 1.82 MozResource Update · MediumExtracted

August 2025 Ternera MRE: 51.2Mt at 1.10g/t Au for 1.82Moz in a US$3,000/oz shell (Indicated 1.12Moz, Inferred 0.69Moz); superseded by the August 2026 MRE.

Document ID
tso_mre_20250804
Published UTC
2025-08-03T22:45:26Z
Projects
el_zorro
Commodities
gold
Open original source ↗
Annual Report to shareholdersResults · MediumExtracted

Transitional annual report for the six months to 31 December 2024 (change of year end from 30 June).

Document ID
tso_ar_2024t
Published UTC
2025-03-26T08:09:42Z
Projects
—
Commodities
gold
Open original source ↗
Chile - New mining royalty is approved and ready to become law (EY tax alert)Other · MediumExtracted

EY tax alert (30 May 2023) on Chile Law 21,591: exemption below 12,000 tonnes of fine copper equivalent sales, progressive margin-based component for mining operators, ad valorem component only for copper sales above 50,000t, combined burden cap 45.5% below 80,000t; gold-specific application not described. Remote-only source; the extraction fingerprint hashes the recorded summary.

Document ID
ey_chile_royalty_20230530
Published UTC
2023-05-30T13:00:00Z
Projects
—
Commodities
—
Open original source ↗
Gold Fields takes a stake in TesoroTransaction · MediumExtracted

Engineering News (17 November 2022): Gold Fields subsidiary Corporate International invested A$4.2m in a Tesoro placement (120m shares at A$0.035) as part of an A$8m raise; origin of the Gold Fields strategic holding. Remote-only source; the extraction fingerprint hashes the recorded summary.

Document ID
gf_stake_20221117
Published UTC
2022-11-17T07:00:00Z
Projects
—
Commodities
—
Open original source ↗
Evidence facts87
q3_26_cashNet cash and cash equivalents at 30 September 2026

9280000 AUD

2026-09-30
q3_26_placementPlacement firm commitments (before costs), ~54.8m shares at A$0.73

40000000 AUD

2026-10-29
q3_26_placement_pricePlacement issue price

0.73 AUD/share

2026-10-29
q3_26_marlin_sharesConsideration shares for Marlin 5% interest in Tesoro Mining Chile

11700000 shares

2026-10-29
q3_26_effective_ownEffective El Zorro ownership before Marlin completion

90.63 %

2026-10-29
q3_26_ee_commitExploration and evaluation committed in the quarter

5640000 AUD

2026-09-30
q3_26_5b_ocfNet cash used in operating activities, September 2026 quarter

-119000 AUD

2026-09-30
q3_26_5b_eeExploration and evaluation payments, September 2026 quarter

-5639000 AUD

2026-09-30
q3_26_5b_cashCash and cash equivalents at end of quarter

9280000 AUD

2026-09-30
q3_26_5b_facilitiesFinancing facilities at quarter end

0 AUD

2026-09-30
q3_26_5b_quartersEstimated quarters of funding available (pre-placement)

1.61 quarters

2026-09-30
pres_first_goldTarget first gold

CY29 text

2026-09-21
pres_fidFinal investment decision target

Q1 2027 text

2026-09-21
pres_gf_pctGold Fields share of register

12.9 %

2026-09-18
or_total_tOre Reserve tonnes (Proved + Probable)

42.8 Mt

2026-09-16
or_total_gOre Reserve grade

0.93 g/t Au

2026-09-16
or_total_ozOre Reserve contained gold

1283000 oz

2026-09-16
or_capexPre-production capital (Table 12)

276500000 USD

2026-09-18
or_capex_leaseUpfront capital vendor-funded and repaid over 7-year lease

52200000 USD

2026-09-18
or_sustainingSustaining capital (residual LOM)

46300000 USD

2026-09-18
or_opex_tTotal operating cost per tonne

42.77 USD/t

2026-09-18
or_opex_ozTotal operating cost per ounce

1538 USD/oz

2026-09-18
or_aiscLife-of-mine AISC

1572 USD/oz

2026-09-18
or_npvPost-tax NPV (5% real, US$3,500/oz)

994000000 USD

2026-09-18
or_irrPost-tax IRR

57 %

2026-09-18
or_fcfLife-of-mine post-tax free cash flow

1510000000 USD

2026-09-18
or_recoveryDesign gold recovery

94.5 %

2026-09-18
or_royaltyGovernment or private royalties

none applicable text

2026-09-18
or_prod_y3PFS production year 3

111 koz

2026-09-18
or_prod_totalPFS life-of-mine recovered gold (sum of Figure 13, Y2-Y16)

1189 koz

2026-09-18
hy26_cashCash and cash equivalents at 30 June 2026

15291208 AUD

2026-06-30
hy26_equityTotal equity at 30 June 2026

81691572 AUD

2026-06-30
hy26_leasesLease liabilities (current + non-current)

340954 AUD

2026-06-30
hy26_lossLoss attributable to members of the parent, half-year

-2411923 AUD

2026-06-30
hy26_sharesOrdinary shares at 30 June 2026

179059659 shares

2026-06-30
mre26_totalTernera MRE total contained gold (0.30g/t, US$3,500/oz shell)

1822000 oz

2026-08-27
mre26_miMeasured and Indicated contained gold

1466000 oz

2026-08-27
a3h_sharesQuoted ordinary shares after cessation

179736167 shares

2026-09-18
a3h_rightsPerformance rights on issue

12872762 rights

2026-09-18
a3h_optionsOptions exercisable at A$0.54 expiring June 2028

1000000 options

2026-09-18
a3h_share_rightsShare rights on issue

77243 rights

2026-09-18
q2_26_interceptBest resource-definition intercept reported in the June 2026 quarter

66.30m @ 1.71g/t Au from 375.00m (ZDDH0436) text

2026-06-30
q2_26_5b_cashCash at 30 June 2026

15293000 AUD

2026-06-30
q2_26_5b_eeExploration and evaluation payments, June 2026 quarter

-7135000 AUD

2026-06-30
a2a_sharesOrdinary shares after 17 July 2026 quotation

179106167 shares

2026-07-17
dfs_upd_powerGrid connection request lodged with Coordinador Electrico Nacional

21 MW

2026-07-01
dfs_upd_baselineEnvironmental baseline studies complete

75 %

2026-07-01
d3y_reeves_prPerformance rights granted to Zeff Reeves (classes U-Y)

2150000 rights

2026-06-19
q1_26_interceptDeep extensional intercept

8.84m @ 3.54g/t Au from 576.00m (ZDDH0411) text

2026-03-31
q1_26_5b_cashCash at 31 March 2026

14545000 AUD

2026-03-31
q1_26_5b_eeExploration and evaluation payments, March 2026 quarter

-6670000 AUD

2026-03-31
ar25_cashCash and cash equivalents at 31 December 2025

22171000 AUD

2025-12-31
ar25_tdTerm deposit (other current assets) at 31 December 2025

8030655 AUD

2025-12-31
ar25_equityTotal equity at 31 December 2025

85794498 AUD

2025-12-31
ar25_eeCapitalised exploration and evaluation

55182469 AUD

2025-12-31
ar25_lossLoss after tax, year to 31 December 2025

-5166419 AUD

2025-12-31
ar25_ocfNet cash used in operating activities FY2025

-2856991 AUD

2025-12-31
ar25_ee_payPayments for exploration and evaluation FY2025

-13565399 AUD

2025-12-31
ar25_ownershipEl Zorro SCM ownership by Tesoro Mining Chile

95.4 %

2025-12-31
ar25_tmcTesoro Mining Chile SpA ownership

95 %

2025-12-31
ar25_vatGross IVA (VAT) receivable before provision

4587232 AUD

2025-12-31
ar25_gfCorporate International Holdings BV (Gold Fields) registered holding

23017782 shares

2026-03-13
rep_5b_cashCorrected cash at 31 December 2025

22171000 AUD

2025-12-31
rep_5b_eeExploration and evaluation payments, December 2025 quarter

-4788000 AUD

2025-12-31
dfs_dec_fidFID target at time of DFS decision

end of CY2026 text

2026-02-25
q4_25_drillDrilling programme size

38000 m

2025-12-31
aigle_shAigle Royal voting power

5.67 %

2025-12-02
gf_shGold Fields group voting power (pre-consolidation shares 345,266,739)

13.71 %

2025-10-10
mcn_saleMcNamara on-market sale price

1.15 AUD/share

2025-12-01
q3_25_scoping_capexScoping study pre-production capital

248000000 USD

2025-10-28
q3_25_scoping_aiscScoping study AISC

1216 USD/oz

2025-10-28
pl25_amountPlacement size

34000000 AUD

2025-09-30
sc25_npvScoping post-tax NPV7.5 at US$2,750/oz

663000000 USD

2025-09-11
sc25_capexScoping upfront capital

248000000 USD

2025-09-11
hy25_cashCash at 30 June 2025

7450867 AUD

2025-06-30
mre25_totalAugust 2025 MRE contained gold

1816000 oz

2025-08-04
ar24_cashCash at 31 December 2024

3856976 AUD

2024-12-31
px_closeClosing price 30 October 2026

0.795 AUD/share

2026-10-30
px_volumeVolume 30 October 2026

377872 shares

2026-10-30
snap_spotGold spot

4031.4 USD/oz

2026-10-29
snap_1yGold 1-year average

4452.21 USD/oz

2026-10-29
snap_fxAUD per USD

1.4407 AUD/USD

2026-10-29
snap_adtv20-day average traded value

170745 AUD

2026-10-30
peer_rsg_pnavRSG P/NAV

0.793 x

2026-10-14
peer_ggp_pnavGGP P/NAV

1.344 x

2026-10-14
mgmt_scoreManagement assessment score

60 score

2026-10-09
ins_saleMcNamara on-market sale

180000 shares

2025-12-01
Conflicts requiring judgment2
  • Tesoro Mining Chile interest in El Zorro SCM

    The September 2026 quarterly says 94.54% on p.3 but 95.4% (90.63% effective) on pp.12-13; the audited Note 19 (95.4%) and the 90.63% effective figure (95% x 95.4%) agree, so 95.4% is used and 94.54% is treated as a transposition.

  • PFS pre-production capital

    Table 12 gives US$276.5m total pre-production capital (US$52.2m vendor-financed and repaid through a US$1.63/t capital lease opex line) while Table 14 shows US$256m; the model uses US$276.5m less the US$52.2m vendor lease as cash capital, with lease repayments in operating cost, and records the US$256m figure as unexplained.