Vulcan- The Next Olympic Dam? Greg Solomon Chairman

Transcription

1 Vulcan- The Next Olympic Dam? Greg Solomon Chairman

2 Tasman Group Corporate Overview Tasman Resources Ltd (TAS) Minerals Cu, Au, U, Ag, Pb, Zn, Ni, Oil Shale 17.8%* 28.0%* 100% Eden Energy Ltd (EDE) 50% 50% 100% 100% Hydrogen & Hythane Pyrolysis Coal Bed Methane SA Natural Gas Geothermal Energy Fission Energy Ltd (FIS) 50% Mt Thirsty Co-Ni 100% Uranium SA, WA * = fully diluted

3 Tasman Resources: Project Locations Lake Torrens: IOCGU Vulcan/ Zeus Mirrica: Au, Cu/Zn/Pb Parkinson Dam: Au/Ag/Zn/Pb Central Gawler: Au, Ni Streaky Bay: U

4 Olympic Dam World s largest IOCGU deposit - worlds largest uranium deposit 2.54 million tonnes U 3 O 8 ( 40% of world U 3 O 8 ) - worlds fourth largest copper deposit: 79mt Cu - world s fourth largest gold deposit: 79moz Au - 14,000 tonnes of silver - 2 billion tonnes of iron not being recovered - 90 million tonnes of rare earths not being recovered - US$ 1 trillion worth of minerals

5 Olympic Dam: Tectonic Lineaments Involved in the Discovery

6 Lake Torrens Project: Targets

7 Lake Torrens Project Summary Tasman- 100% > 2,000 km 2 of tenements adjacent to Olympic Dam 6 Confirmed / interpreted IOCGU systems/ prospects within ~ 35 km of Olympic Dam Vulcan - new IOCGU system discovered Nov km north of Olympic Dam - IOCGU mineralisation Cu, Au, Ag, U, (+ Mo, REE etc) - 57 m of strong Cpy/Py mineralisation in VUD 3 - similar target area to OD > 11 km 2 - >10km interpreted target strike length - virtually untested gravity anomaly

8 Vulcan and Other Regional Targets

9 Vulcan: S-N Seismic Reflection Profile S SHD 1 VUD 001 N Cover Sediments Basement Strong Seismic Reflectors in Basement IOCGU? Geoscience Australia PIRSA 2003 Traverse OD 1

10 Olympic Dam: W-E Seismic Reflection Profile W E Cover Sediments Basement Seismic Reflectors in Basement (Olympic Dam Breccia Complex, SE limb) Geoscience Australia PIRSA 2003 Traverse OD 2

11 Olympic Dam - Vulcan: Residual Gravity Comparison (calculated residual gravity response if Vulcan at same depth as OD) Olympic Dam Vulcan 2km 2km

12 Vulcan Prospect: Comparisons

13 Vulcan IOCGU Project Residual Gravity Image and Tasman drilling

14 Olympic Dam Vulcan: Area Comparison Olympic Dam OD breccia complex approx. 10km 2 Vulcan 2km Vulcan interpreted gravity (hematite-rich) target approx. 11km 2 2km

15 Vulcan Drill Core: VUD 001 NQ Drill Core: depth approx. 928m

16 Vulcan VUD 001: Breccia Styles Heterolithic, sulphiderich breccia Mineralised, hematite matrixrich breccia (py, cpy) Heterolithic, carbonate breccia (py, cpy, hem)

17 VUD 001: Copper Mineralisation hem cpy py

18 VUD 001: Copper Mineralisation hem carb cpy

19 Vulcan VUD 001: Down-hole correlation of IOCGU metals Cover Sediments Basement Cover Sediments Basement U 3 O 8 Cu Au Cu

20 Vulcan: VUD 3 Drillcore m Originally bright brick-red granite/gneiss - now strongly brecciated and veined/ intensely altered - consists of hematite, carbonate (siderite), sericite and sulphides (pyrite, chalcopyrite and minor molybdenite).

21 Vulcan: VUD 3 Massive Sulphides m py cpy

22 Parkinson Dam Gold Silver Project

23 Parkinson Dam High Grade Mineralisation PD 63: 21g/t Au, 83g/t Ag (inc 31g/t Au, 152 g/t Ag) Classic epithermal veining Gold (electrum ~ 35% Ag) PD 64: 18.1% Pb, 1.1% Zn, 44.2g/t Ag Epithermal mineralisation > 4.5 km 2

24 Parkinson Dam: High Grade Au/Ag plus Zn/Pb PD 63 - high grade Au/Ag Multiple Zones of thick Zn/Pb (Ag), e.g. 0.9% Zn, 0.3% Pb *185m 0.3% Zn, 0.1% Pb Vector pointing towards higher grades to be drilled

25 *Tasman 28 % fully diluted Fission Energy Ltd*

26 Fission Energy Ltd Mt Thirsty JV Key Points SULPHIDE DEPOSIT Nickel - 3.4% Ni incl 6.75% OXIDE DEPOSIT -Production by Mt % Co, 0.56% Ni, 0.9% Mn PFS started -2 Mtpa throughput- 15 year mine life 4,000 tpa Co (mixed sulphide) top ten producer 9,000 tpa Ni (mixed sulphide) /13,000 tpa Mn (Mn carbonate)

27 Favourable Project Location Excellent logistics Located within 4km of existing road and rail infrastructure to the port of Esperance Proximity to Norseman allows residential workforce Road Rail Water Gas Esperance Port 210 km

28 Mt Thirsty- Nickel, Cobalt, Manganese Interpreted Lava Channel Embayment 28

29 Mt Thirsty- Nickel Sulphides High grade Nickel discovered May Ni, including 29

30 Oxide Deposit Geology Shallow -Not Typical Laterite 30

31 Oxide Project -Versatile Products Manganese Carbonate Ni/Co Mixed Sulphide

32 Eden Energy Ltd COAL SEAM / SHALE/CONVENTIONAL (UK) Eden Energy Limited - 50% Joint venture ( with Coastal Oil and Gas) -11 Licences - 5% Joint venture ( with Coastal Oil and Gas / Centrica)- 4 CSM licences Gas ) -4 NG Licences 18 Licences - Wales, England, Kent Targets - CSM- 2-4tcf potential - Conventional Natural Gas - 50% Joint venture/farm-in ( with Coastal Oil and - Shale Gas < tcf potential Total area 1800km 2 (500,000 acres) Digitised Welsh coal mine data High UK Gas Prices New listed company planned August August 10 32

33 Eden Energy Ltd NATURAL GAS (SOUTH AUSTRALIA) Location: Proximal to Olympic Dam mining Seismic Drill target identified Intention to combine with CSM in new gas company- discussions commenced Drilling planned within 18 months Higher risk ( Proterozoic age), but very close to huge industrial gas market (Olympic Dam) August August 10 33

34 GEOTHERMAL SOUTH AUSTRALIA 4 project areas, 15 licences/ applications Eden Energy Ltd GEL 185-adjacent to Geodynamics GEL 185-JV with Origin Energy- $1m + $500k expenditure for 70%. Planned float of Terrathermaon the ASX August August 10 34

35 Corporate Structure - August 2010 Issued Shares (TAS) 193, 787,678 Options (TASOB) 20,589,396 10c / 30 June 2012 Market Cap - $22.3m Cash - $2.1m

36 Contact Details Tasman Resources Ltd Greg Solomon Chairman 2 The Esplanade Perth Western Australia Australia Tel

37 Competent Person s Statement 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 Glasson are full-time employees of the Company. Robert Smith and Michael Glasson have sufficient experience which is relevant to the style of mineralisation and type of deposit under consideration and to the activity which they are undertaking to qualify as Competent Persons as defined in the 2004 Edition of the Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves. Robert Smith and Michael Glasson consent to the inclusion in the report of the matters based on their information in the form and context in which it appears.

38 Disclaimer 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 probabilities and, however high these probabilities might be, they make no claim for complete certainty. Any economic decisions that might be taken on the basis of interpretations or conclusions contained in this report will therefore carry an element of risk. It should not be assumed that the reported Exploration Results will result, with further exploration, in the definition of a Mineral Resource.