Tesoro Gold (ASX:TSO) signed a memorandum of understanding (MoU) with Tecnocap, providing a framework to advance electricity supply technologies for the potential development of the El Zorro project in Chile, according to a Friday filing with the Australian bourse.
The companies will collaborate on evaluating the technical and economic feasibility of providing electricity transmission to the project, including an engineering study, socio-economic assessment, and a conceptual business model for power delivery, the filing said.
The MoU is valid for two years and can be terminated at any time by either party without penalty, according to the filing.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.