Tesoro Gold (ASX:TSO) is progressing its Ternera gold deposit within the El Zorro Project in Chile to a Definitive Feasibility Study (DFS), following the completion of comprehensive technical trade off studies.
The company says the project has reached a “stage of maturity appropriate for DFS-level evaluation”, with delivery expected by the end of 2026.
Tesoro is currently conducting 38,000m of diamond drilling, with infill drilling half complete for an updated resource estimate in Q2 2026.
Managing Director Zeff Reeves says the company is pleased to continue advancing development opportunities at the Ternera deposit.
“Since completion of the 2025 Scoping Study, substantial technical work has been undertaken, enabling the board to take the decision to progress directly to Definitive Feasibility Study,” Reeves says.
“The completion of targeted trade-off studies has defined a clear, optimised development pathway centred on a simple single open pit mining operation and a 3 million tonnes per annum processing plant, capable of delivering over 110,000 ounces per annum of gold.
“Advancing directly to DFS is expected to shorten the overall development timeline while maintaining technical rigour, positioning Ternera for a final investment decision by the end of CY2026.”
Tesoro Gold is an Australian explorer focused on developing the El Zorro Gold Project in Chile.
Write to Maddison Elliott at Mining.com.au
Images: Tesoro Gold
