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Tesoro Gold ( (AU:TSO) ) just unveiled an update.
Tesoro Gold reported a strong March quarter marked by high-grade extensional drilling results at the Ternera deposit, including new mineralisation up to 400 metres down plunge of the current open pit shell. The company also advanced an 80% complete infill drilling program and expanded regional prospectivity with a high-resolution geophysical survey that extended the prospective gold corridor at El Zorro to over 40 kilometres.
Project development progressed with completion of key trade-off studies that confirmed a single open pit and 3 Mtpa processing plant as the preferred development route, supporting a move straight to a Definitive Feasibility Study targeted for completion by the end of 2026. With DFS drilling, metallurgical work and environmental baseline studies underway, alongside a solid cash position and a recent institutional site tour, Tesoro is positioning El Zorro for a potential final investment decision by late 2026 and a robust pipeline of exploration news.
The most recent analyst rating on (AU:TSO) stock is a Buy with a A$4.88 price target. To see the full list of analyst forecasts on Tesoro Gold stock, see the AU:TSO Stock Forecast page.
More about Tesoro Gold
Tesoro Gold is an Australian-listed gold exploration and development company focused on advancing its El Zorro Gold Project in Chile. The company is targeting a large-scale, open-pit operation at the Ternera deposit and is funded to undertake extensive diamond drilling and technical studies to progress the project toward a development decision.
Average Trading Volume: 265,799
Technical Sentiment Signal: Buy
Current Market Cap: A$193.3M
For detailed information about TSO stock, go to TipRanks’ Stock Analysis page.