Fund Manager Summary on Tesoro Gold Ltd (ASX:TSO)
In December 2025, Collins St Asset Management commented that Tesoro Gold Ltd (ASX:TSO) had encouraging maiden diamond drilling results at La Brea within the El Zorro Project, with all holes intersecting favourable host rock, extensive alteration, broad anomalous gold zones and some higher‑grade intervals, prompting plans for follow-up and broader regional drilling. Across commentary, fund managers view Tesoro Gold as an exploration company with meaningful upside driven by the 1.82 million ounce Ternera deposit and the new La Brea results that mirror early Ternera geology, supporting the thesis of multiple Intrusive Related Gold Systems in a well‑served Coastal Cordillera jurisdiction; actionable implications are to prioritise follow‑up drilling at La Brea, advance initial programs across high‑priority regional targets to build a pipeline, and monitor assay follow‑ups and resource definition work closely, while recognising risks that results are early stage and analogous geology does not guarantee repeat discoveries, that further capital and execution will be required to expand resources and de‑risk targets, and that operational, permitting and commodity price pressures could affect development timelines and valuation (share price noted near $1.31 at the time of the report).
Commentary From The Managers
There are 1 insights from 1 fund managers regarding their investment in Tesoro Gold Ltd (ASX:TSO) available on Thesis Tracker.
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Commentary From The Managers
The completeness, accuracy or current status of the investments referenced are not guaranteed.
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Frequently Asked Questions
Who is investing in Tesoro Gold Ltd (ASX:TSO)?
Fund managers including Collins St Asset Management have invested in Tesoro Gold Ltd (ASX:TSO).
Why do fund managers invest in Tesoro Gold Ltd?
Collins St highlighted Tesoro Gold’s 1.82 million ounce Ternera deposit and its discovery of Chile’s first IRGS. The asset sits in the Coastal Cordillera near major copper‑gold operations. Maiden La Brea drilling returned broad anomalous gold and higher‑grade intervals, prompting plans for follow‑up drilling and regional programs. Managers see potential for additional discoveries and a pipeline of targets. The report did not reference dividends or yield. Exploration upside is balanced by typical resource and drilling risk.
What happened to Tesoro Gold Ltd (ASX:TSO)?
Fund managers hold Tesoro Gold for its El Zorro gold project in Chile, which hosts a 1.82 million ounce Ternera deposit within a well-serviced region home to several world-class operations. In December 2025, encouraging assay results from maiden diamond drilling at the La Brea prospect — a new target within the broader project — added further exploration upside. The company's discovery of Chile's first Intrusive Related Gold System underpins its geological differentiation.
What is the short interest in Tesoro Gold Ltd (ASX:TSO)?
According to ASIC filings, there is negligible or no short interest in Tesoro Gold Ltd (ASX:TSO).
What does Tesoro Gold Ltd (ASX:TSO) do?
Tesoro Gold Ltd. engages in the acquisition, exploration, and development of commercially significant resource projects in Chile. It operates El Zorro Gold Project. The company was founded by Zeffron Charles Reeves and Geoffrey William Mcnamara on October 29, 2003 and is headquartered in Perth, Australia.