Slide 1: The Vulcan Project: The Product of Perseverance
For personal use only The Vulcan Project The Product of Perseverance SAREIC May 2011 Greg Solomon/ Rob Smith
Slide 2: Tasman Group Corporate Overview
Tasman Group Corporate Overview For personal use only Tasman Resources Ltd Minerals (TAS) Cu, Au, U, Ag, Pb, Zn. 16.8% 19.7% Eden Energy Ltd Fission Energy Ltd (EDE) (FIS) 100% 50% Pyrolysis 100% Mt Thirsty Co-Ni Hydrogen--Hythane Hydrogen 100% 100% Dual fuel Uranium – SA, WA 50% Gas (UK)
Slide 3: Lake Torrens Project Summary
Lake Torrens Project Summary For personal use only • > 2,000 km2 of tenements adjacent to Olympic Dam • Six IOCGU targets within ~ 35 km of Olympic Dam • Vulcan - new IOCGU system discovered Nov 2009 - Similar target area to OD > 12 km2 - 30 km north of Olympic Dam; Dam; priority tectonic address -
Slide 4: Showing Tectonic Lineaments (WMC, 1975)
Vulcan Project: Showing Tectonic Lineaments (WMC, 1975) For personal use only
Slide 5: Tasman IOCGU Targets
For personal use only Tasman IOCGU Targets
Slide 6: Lake Torrens Project: Perseverance
Lake Torrens Project: Perseverance For personal use only 1976 – 1981 WMC Geophysics, Drilling 1996 – Phelps Dodge - Drilling 2003 – 2009 Tasman (Titan, Marathon South, Atlas, other prospects), including: - Gravity - Magnetics - Electrical - Drilling 2009 – 2011 Tasman (Vulcan) - Gravity - Drilling
Slide 7: IOCGU Project: Residual Gravity Image showing Tasman Drilling
Vulcan IOCGU Project For personal use only Residual Gravity Image showing Tasman Drilling
Slide 8: Olympic Dam - Vulcan: Residual Gravity Comparison
Olympic Dam - Vulcan: Residual Gravity Comparison (calculated residual gravity response if Vulcan at same depth as OD) For personal use only Olympic Dam Vulcan 2km 2km
Slide 9: VUD core: breccia types
Vulcan VUD 001 For personal use only Heterolithic, sulphide- rich breccia Mineralised, hematite matrix- rich breccia (py, cpy) Heterolithic, carbonate breccia (py, cpy, hem)
Slide 10: VUD Massive Sulphides 930.2 - 930.9m
Vulcan: VUD 3 Massive Sulphides - 930.2 - 930.9m For personal use only py cpy
Slide 11: VUD 003: Cu - Au - U3O8 Mineralisation
Vulcan VUD 003: Cu - Au - U3O8 Mineralisation For personal use only Core from interval: 0.34m at 5.9% Cu, 2.23g/t Au Core from interval: 0.75m at 4.4% Cu, 1.34g/t Au, 0.58kg/t U3O8
Slide 12: VUD 3 intercepts
Vulcan VUD 3 For personal use only • 245m Alteration and Mineralisation, includes: From To m Cu (%) Au (g/t) U3O8 (kg/t) 874.20 930.85 56.65 0.59 0.17 0.05 includes: 895.08 895.42 0.34 5.85 2.23 0.03 and 912.00 919.80 7.80 1.21 0.35 0.14 includes: 919.05 919.80 0.75 4.44 1.34 0.58 and 930.20 930.85
Slide 13: Down-hole correlation of IOCGU metals
Vulcan VUD 003 Down--hole correlation of IOCGU metals Down For personal use only Cover Sediments Cover Sediments Basement Basement Au Cu U3O8 Cu
Slide 14: IOCGU Project: Residual Gravity Image showing Tasman Drilling
Vulcan IOCGU Project For personal use only Residual Gravity Image showing Tasman Drilling
Slide 15: VUD 7: +150m of Hematite Breccia
Vulcan VUD 7: +150m of Hematite Breccia For personal use only
Slide 16: VUD 7 intercepts
Vulcan VUD 7 For personal use only • 150m+ Alteration and Mineralisation, includes: From To m Cu (%) Au (g/t) U3O8 (kg/t) Mo (%) 1065 1228 163 0.23 0.08 0.04 0.01 Includes: 1118 1208 90 0.25 0.09 0.05 0.02
Slide 17: Olympic Dam – Vulcan Zonation Comparison
Olympic Dam – Vulcan Zonation Comparison For personal use only
Slide 18: IOCGU Project: Residual Gravity Image showing Tasman Drilling
Vulcan IOCGU Project For personal use only Residual Gravity Image showing Tasman Drilling
Slide 19: Prospect: Comparisons
Vulcan Prospect: Comparisons For personal use only
Slide 20: Large Systems: Perseverance Required
Large Systems: Perseverance Required For personal use only Olympic Dam Resource Outline (MESA Journal 2001) Initial Drilling at Olympic Dam (9 holes, 1976)
Slide 21: IOCGU Project: Future Program
Vulcan IOCGU Project: Future Program For personal use only • Geological and geophysical review, remodelling • Dating of selected samples • Select new drill targets • Resolve access issues and test highest priority parts of Vulcan IOCGU system
Slide 22: Corporate Structure - April 2011
Corporate Structure - April 2011 For personal use only • Issued Shares (TAS)– 202,909,283 • Options (TASOB) – 20,587,791 - 10c / 30 June 2012 • Market Cap - $23.3m • Current Rights Issue • Eden Energy Shareholding - 35m shares - $3.8m • Fission Energy Shareholding - 25m shares - $1.75m
Slide 23: Disclaimer
Disclaimer For personal use only The interpretations and conclusions reached in this presentation are based on current geological theory and the best evidence available to the authors at the time of writing. It is the nature of all scientific conclusions that they are founded on an assessment of pro
Slide 24: Competent Person’s Statement
Competent Person’s Statement For personal use only The information in this presentation that relates to Exploration Results and Activities is based on information compiled by Robert Smith and Michael Glasson who are Members of the Australian Institute of Geoscientists. Robert Smith and Michael Glass
Slide 25: Contact Details
For personal use only Contact Details Greg Solomon/ Rob Smith Level 40, Exchange Plaza, 2 The Esplanade,Perth. Western Australia Telephone: +61 8 9282 5889 Website: tasmanresources.com.au