Slide 1: Vulcan Project Update
For personal use only Vulcan Project Update Greg Solomon Chairman August 2012 1
Slide 2: Tasman Project Locations
Tasman Project Locations For personal use only Lake Torrens (1803 km2) IOCGU Lucas Hill (627 km2) IOCGU Parkinson Dam (194 km2) Au, Ag, Zn, Pb Central Gawler (832 km2) Au 2
Slide 3: Lake Torrens Project: Tectonic Lineaments
Lake Torrens Project For personal use only Showing Tectonic Lineaments (WMC, 1975) EL 4322 3
Slide 4: Lake Torrens Project: Bouguer Gravity
Lake Torrens Project For personal use only Bouguer Gravity (+residual insert) EL 4322 4
Slide 5: IOCGU Discovery
Vulcan IOCGU Discovery For personal use only • Tasman discovery 2009- 8 holes drilled to date • Similar target area to OD > 12 km2 • IOCGU min./alt. in all 8 holes - Cu, Au, Ag, U, Mo (+ REE) • 57 m of strong chalcopyrite/pyrite - VUD 3 • +160m “classic” min. hematite-rich breccias - VUD 7 • Classic
Slide 6: Olympic Dam - Vulcan: Residual Gravity Comparison
Olympic Dam - Vulcan: Residual Gravity Comparison For personal use only (calculated residual gravity response if Vulcan at same depth as OD) Olympic Dam Vulcan
Slide 7: IOCGU Project: Residual Gravity Image showing Tasman Drilling
Vulcan IOCGU Project Residual Gravity Image showing Tasman Drilling For personal use only 7
Slide 8: Drill Core VUD
Vulcan Drill Core VUD 1 For personal use only Heterolithic sulphide rich breccia Mineralised, hematite matrix- matrix- rich breccia (py, cpy) Heterolithic, carbonate breccia (py, cpy, hem) 8
Slide 9: VUD 3: High Grade Cu - Au - U3O8
Vulcan VUD 3: High Grade Cu - Au - U3O8 For personal use only 0.34m at 5.9% Cu, 2.23g/t Au 0.75m at 4.4% Cu, 1.34g/t Au, 0.58kg/t U3O8 9
Slide 10: VUD 7: +160m of Hematite Breccia
Vulcan VUD 7: +160m of Hematite Breccia For personal use only 10
Slide 11: VUD 8: Silica-Hematite Breccia
Vulcan VUD 8: Silica- Silica-Hematite Breccia For personal use only (+ bornite - chalcopyrite) 11
Slide 12: Olympic Dam – Vulcan Zonation Comparison
Olympic Dam – Vulcan For personal use only Zonation Comparison 12
Slide 13: Geochronology
Vulcan Geochronology Re187 - Os187 in MoS2 (PACE* 2020) For personal use only • MoS2 (molybdenite) widespread at Vulcan - ideal for direct dating of mineralisation • 4 samples from 3 holes - average age 1590 Ma • 1590 Ma consistent with age of Olympic Dam, Prominent Hill and Carrapateena * Program f
Slide 14: Rio Tinto Exploration (RTX) Farm-in/JVA (Unconditional)
Rio Tinto Exploration (RTX) Farm--in/JVA (Unconditional) Farm For personal use only • EL 4322 only (includes Vulcan Project Area) • Aboriginal heritage clearance obtained August 2012 • Farm-in/JVA Unconditional • First $10m paid by RTX to Tasman • Tasman to drill 12,000m (est. $5m) start- Sept 2012-
Slide 15: Project: Time Line
Vulcan Project: Time Line For personal use only 16
Slide 16: Project: Comparisons
Vulcan Project: Comparisons For personal use only 17
Slide 17: Conditional Sale of Surplus Gawler Craton ELs/ELA to BHPB for $3million
Conditional Sale of 5 Surplus Gawler Craton ELs/ELA to BHPB for $3million For personal use only • Conditional Agreement to sell 5 surplus Gawler Craton ELs/ELA (see diagram) to BHPB for $3million • Conditions precedent, including satisfactory completion of due diligence by BHP Billiton, Ministerial
Slide 18: Directors and Management
Directors and Management For personal use only Directors Greg Solomon LLB (Executive Chairman) Guy Le Page BA BSc (Hons) MBA ASIA MAusIMM (Non Executive) Doug Solomon BJuris LLB (Hons) (Non Executive) Senior Management Rob Smith BSc (Hons) MSc MAIG (Senior Geologist) Mike Glasson BSc (Hons) MSc MAIG
Slide 19: Corporate Structure - 28th August 2012
Corporate Structure - 28th August 2012 For personal use only • Issued Shares (TAS) - 225.8m • Employee Options - 6.4m ($0.12- 0.1685) • Market Cap. - $28.2m (28th August 2012) • Current Share Price - $0.125 (28th August 2012) • 52 Week Share Price Range $0.049 - 0.21 • Current Cash $10.2m - No Debt
Slide 20: 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 21: 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 22: Contact Details
Contact Details For personal use only Tasman Resources Ltd (ASX:TAS) Level 15, 197 St Georges Terrace, Perth, Western Australia. 6000 www.tasmanresources.com.au Tel. +61 8 9282 5889 Fax +61 8 9282 5866 Email: mailroom@tasmanresources.com.au 23