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Tesoro turns Ternera resource into 1.28Moz mineable reserve

1:59pm on Friday 30th of October, 2026 AEDT • Mining
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Tesoro turns Ternera resource into 1.28Moz mineable reserve

1:59pm on Friday 30th of October, 2026 AEDT
Key Points
  • 1.28Moz maiden Ore Reserve at Ternera
  • 13-plus-year production life at 3.0Mtpa
  • A$40 million placement with A$7.2 million subject to approval
  • A$9.28 million cash balance and 1.61-quarter reported runway
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