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TASMAN RESOURCES LTD — AGM Information 2017
Nov 20, 2017
65896_rns_2017-11-20_c76ed6f6-0598-4da9-945e-9f655d9e1697.pdf
AGM Information
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AGM Presentation 21 November 2017 Rob Smith Senior Geologist
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Investment in Eden Innovations Ltd (ASX:EDE)
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Tasman holds 493 million shares (39%) in the issued capital of Eden and 101 million EDEO options.
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Market value of Eden holding $81 million*
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Current Market Capital of Tasman - $40 million*
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Tasman cash at bank - $610,000*
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57.5* million TASO (5c) on issue - 31/03/18 - $2.87m
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As at 20 November 2017
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Tasman Project Locations
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Lake Torrens (1250 km[2] ) IOCGU Parkinson Dam (145 km[2] ) Epithermal Au, Ag, Zn, Pb Lucas Hill (196 km[2] ) IOCGU
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Lake Torrens IOCGU Including Vulcan prospect
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Lake Torrens Project Residual gravity image (& IOCGU deposits/prospects) Including proposed infill gravity survey at Vulcan West - Zeus
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EL 4322
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Vulcan, Vulcan West, Zeus Prospects
Current Strategy
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New geophysical modelling recently completed in large area (approx. 50km[2] ) between Vulcan and Zeus prospects
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Further detailed gravity survey planned
– Improve station spacing locally from 600m to 250m – Focus on several poorly defined gravity/magnetic targets – Likely shallower basement depth compared with Vulcan
- Continue to seek potential JV partner
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Vulcan IOCGU Prospect Residual gravity image & drilling and priority targets
deposit at same scale
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Vulcan IOCGU Project - Summary
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Very large hematite-dominant IOCGU system
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(~ 12km[2] ) 30km north of Olympic Dam
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Hosted by gneisses, granites and metasediments (~1,750my)
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17 holes drilled:
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Thick & strong alteration, inc.100’s metres of hematite breccias; intense hematite, sericite and carbonate alteration
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Thick, low grade IOCGU mineralisation (Cu, U, Au, Ag, Mo, REE). Narrower, high grades locally
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Mineralisation dated at ~1,590my by Re-Os (PACE 2020) – same age as other nearby IOCGU deposits
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Vulcan VUD 3: Cu - Au - U O Mineralisation 3 8
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
VUD 8: Silica-Hematite Breccia
(+ bornite - chalcopyrite)
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Vulcan VUD 15:
Thick, mineralised hematite breccias
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Parkinson Dam/Corrie Dam Prospects
Epithermal Gold, Silver, Lead and Zinc
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Parkinson Dam and Corrie Dam Prospects
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Parkinson Dam: Previously discovered high grade gold & silver
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PD 63: 21m @ 21g/t Au, 83g/t Ag (inc 9m @ 31g/t Au, 152 g/t Ag)
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Classic epithermal veining
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Gold (electrum ~ 35% Ag)
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PD 64: 3m @ 18.1% Pb, 1.1% Zn, 44.2g/t Ag
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Mineralisation over > 2 km[2 ]
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Parkinson Dam/Corrie Dam: Overview
Current Strategy
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Epithermal Gold-Silver (Lead-Zinc) discovery by Tasman Resources in 2005
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Best Intersection: 21m at 21g/t Au, 83g/t Ag
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Further encouragement at nearby Corrie Dam
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Next Stage: Possible modest IP Geophysics over northern (potential source zone?) target if base metals prices rise
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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.
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Competent Person’s Statement
The information in this presentation that relates to Exploration Results is based on and fairly represents information compiled by Robert N. Smith, Competent Person who is a member of the Australian Institute of Geoscientists. Mr Smith is a part-time employee of the company and a shareholder.
Mr Smith has sufficient experience that is relevant to the style of mineralisation and type of deposit under consideration and to the activity being undertaken to qualify as a Competent Person as defined in the 2012 Edition of the ‘Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves’. Mr Smith consents to the inclusion in the report of the matters based on their information in the form and context in which it appears.
Note: Part of the information in this presentation for both the Parkinson Dam and Lake Torrens prospects was prepared and first disclosed under the JORC Code 2004. It has not been updated since to comply with the JORC Code 2012 on the basis that the information has not materially changed since it was last reported.
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