TASMAN RESOURCES LTD — AGM Information 2019

Nov 20, 2019

==> picture [720 x 80] intentionally omitted <==

AGM Presentation

21 November 2019

1

Investment in Eden Innovations Ltd (ASX:EDE)

• Tasman holds 624 million shares (36%) of the issued capital of Eden.

• Market value of Eden holding - $30 million*

• Current Market Capital of Tasman - $25 million*

• Tasman cash at bank - $450,000*

• As at 21 November 2019

2

Tasman Project Locations

==> picture [403 x 375] intentionally omitted <==

IOCG

Lake Torrens (1079 km[2] ) Pernatty (193 km[2] ) Epithermal Au –Ag Parkinson Dam (107 km[2] )

3

==> picture [720 x 80] intentionally omitted <==

Lake Torrens IOCG Project Including Vulcan and Vulcan West prospects

4

Lake Torrens Project – EL6416 Residual Gravity Image and IOCG Prospects

==> picture [535 x 392] intentionally omitted <==

5

Vulcan IOCG Prospect Residual Gravity Image, Drilling and Possible Targets

deposit at same scale

6

Vulcan West IOCG Prospect Residual Gravity with Prospective Targets and Modelled Depths

==> picture [519 x 392] intentionally omitted <==

----- Start of picture text -----

700m
650m
700m
850m
750m
680m
----- End of picture text -----

7

Lake Torrens Project - EL6416 New Joint Venture

• Farm in and joint venture agreement with Fortescue over Tasman’s wholly owned EL 6416 (previously EL5499)

• Fortescue to initially earn a 51% interest in EL 6416 by sole funding A$4 million plus GST on exploration expenditure within a 3 year period.

• Fortescue must expend a minimum of A$1 million before it can withdraw without equity

8

Lake Torrens Project - EL6416 Work Program

Fortescue work in progress includes:

• review of historical exploration data

• re logging and selective re-assaying of drill holes

• hyperspectral analysis of selected Vulcan holes

• detailed magnetic susceptibility, specific gravity and conductivity data measurements

• plan infill gravity surveys

• develop comprehensive tenement wide geological model to aid drill hole targeting in 2020

9

Pernatty Project - EL6137 (100% Tasman) Tenement Location

==> picture [319 x 397] intentionally omitted <==

----- Start of picture text -----

Tasman EL6416
----- End of picture text -----

10

Pernatty Project Prospectivity

Initial prospectivity identified by Tasman based on:

• regional geophysical data (magnetics and gravity)

• possibility of reasonable basement depth (< 500m)

• regional synthesis of IOCG systems by Tasman

• proximity to the Carrapateena deposit (20km)

• no previous drilling within tenement area

11

Pernatty Project Gravity Image and Target Areas

==> picture [332 x 360] intentionally omitted <==

----- Start of picture text -----

EL6416
----- End of picture text -----

==> picture [171 x 323] intentionally omitted <==

Pernatty residual gravity image and priority target areas

12

Pernatty Project Work Program

• Further infill gravity completed in 2019

• Electromagnetic (EM) surveys over priority gravity and magnetic target areas completed

• EM data received from the contractor and now being analysed by Tasman’s consultant geophysicist

• Further EM surveys planned for December

• Drilling of priority gravity - EM - magnetic targets planned for 2020

13

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.

14

Competent Person’s Statement

The information in this presentation that relates to Exploration Results is based on and fairly represents information compiled by Michael J Glasson, Competent Person who is a member of the Australian Institute of Geoscientists. Mr Glasson is a part-time employee of the company and a shareholder.

Mr Glasson 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 Glasson 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 the Lake Torrens project 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.

15