Tesoro Gold (ASX:TSO) said it will progress directly to a definitive feasibility study for the Ternera gold deposit at its El Zorro gold project in Chile after completing technical trade off studies, according to a Wednesday Australian bourse filing.
The company is targeting delivery of the definitive feasibility study by end of 2026, per the filing. The technical trade-off studies allowed the firm to define a preferred project development pathway with sufficient engineering confidence to proceed directly to a definitive feasibility study.
Tesoro Gold's shares rose 1% in recent trading on Wednesday.