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Tesoro Gold Ltd (ASX:TSO)

ALERT: Price-sensitive ASX Announcement for TSO
Current share price for TSO : $0.820 -0.18 (-18%)+
Announcement
Release
25 Feb 2026 8:52AM
Price at Release
$1.000
Full Release
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Summary
Tesoro Gold Ltd has announced the advancement of its Ternera Gold Project in Chile to a Definitive Feasibility Study (DFS), bypassing the Pre-Feasibility Study stage due to significant technical maturity and confidence in the project’s development. The project involves a simple open pit mining operation and a 3Mtpa processing plant, with a target production of over 110,000 ounces of gold per annum. The DFS is expected to be completed by the end of 2026, with a final investment decision following its completion. Environmental and permitting processes are underway, with significant progress in baseline studies and trade-off analyses. The direct advancement to DFS is aimed at efficient capital allocation and schedule flexibility.
Key Points
  • Tesoro Gold has decided to advance Ternera Gold Project directly to a Definitive Feasibility Study (DFS).
  • The decision reflects the project's technical maturity and Tesoro's confidence in the defined development pathway.
  • 38,000 meters of diamond drilling are scheduled, with over 50% of infill drilling complete.
  • The DFS targets completion by the end of calendar year 2026, followed by a Final Investment Decision.
  • A simple open pit mining operation and 3 million tonnes per annum processing plant are planned.
  • Environmental Impact Study and permitting activities are progressing alongside technical workstreams.
  • Trade-off studies have defined an optimized development pathway and reduced configuration risk.
  • The project has a production target based on a combination of Indicated and Inferred Mineral Resources.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.