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TASMAN RESOURCES LTD — AGM Information 2021
Nov 24, 2021
65896_rns_2021-11-24_d1f8e57b-e2ab-4809-9077-6145951fb20b.pdf
AGM Information
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AGM Presentation 25 November 2021
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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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Corporate
• Tasman holds 684 million shares (29.6% of the issued capital of Eden) and 26 million 5 cent options in Eden.
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Market value of Eden holding - $15.3 million*
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Current Market Capital of Tasman - $22.8 million*
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Tasman cash at bank - $2.4 million*.
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As at 24 November 2021.
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Tasman Project Locations
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Copper - Gold Lake Torrens (1079 km[2] ) Pernatty (193 km[2] )
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Gold - Silver Parkinson Dam (41 km[2] )
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Lake Torrens Project - EL6416 Fortescue Joint Venture
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Farm in and joint venture agreement with Fortescue Metals Group over Tasman’s wholly owned EL 6416 (previously EL5499)
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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.
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Fortescue expenditure to date approx. $3 million
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Lake Torrens Project - EL6416
Fortescue Drilling - Vulcan North Target Area
• 2 deep holes drilled to test Vulcan North gravity feature intersected wide zones of copper mineralisation in massive hematite breccia:
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VUD018 - 62m downhole* @
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0.55%^ Cu (including 13m @ 1.04% Cu and 0.6 g/t Au)
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VUD019 - 321m downhole* @
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0.33%^ Cu (including 15m @ 1.25% Cu and 0.6 g/t Au)
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Strongly anomalous rare earth elements (up to 1.86% LREE over 9m) and anomalous gold and palladium
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Nearby Tasman VUD015 (drilled 2013) - 145m downhole* @
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0.49% Cu (including 52m at 0.87% Cu, and 21m at 1.69% Cu)
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true width not known, ^0.1% Cu cutoff
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Lake Torrens Project - EL6416 Hole Locations – Vulcan North Area
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Vulcan North
Area
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Vulcan Prospect, residual gravity image showing location of Vulcan North area, recent Fortescue holes VUD0018 & VUD0019 and previous Tasman drill holes. The thick black lines on the drill hole traces are the surface projections of basement intercepts (Grid GDA 94, Z53).
Holes VUD0018 and 0019 drilled at low angles across basement.
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Lake Torrens Project - EL6416 Vulcan North - VUD018 Drill Core
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VUD0018 - 1387m. Mineralised colloform massive hematite breccia. NQ2 core.
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Lake Torrens Project - EL6416 Vulcan North - VUD019 Drill Core
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VUD0019 - 1411.2m. Disseminated chalcopyrite and pyrite mineralisation in hematite breccia. NQ2 ½ core.
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VUD0019 - 1416.1m. Layered chalcopyrite and lesser pyrite mineralisation in hematite breccia. NQ2 ½ core.
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Previous Tasman Drilling at Vulcan North VUD15 Copper Mineralisation
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Lake Torrens Project - EL6416 Fortescue Drilling - Vulcan South Area
- Drilling program to test new Vulcan South gravity targets in progress – first wedge off VUD011 underway:
• 2 wedges to be drilled off Tasman hole VUD011 and 1 off VUD012 (refer next slide), both previous holes intersected wide zones of copper mineralisation, with elevated Pd and REE:
| Hole No | From (m) |
Downhol eInterval (m)* |
Cu % | Au g/t | Ag g/t | Pd ppb |
U3O8 kg/t |
Fe % |
|---|---|---|---|---|---|---|---|---|
| VUD011 | 1027 | 137 | 0.14 | 0.18 | 2 | 133 | 0.08 | 24 |
| includes | 1027 | 18 | 0.25 | 0.26 | 4 | 165 | 0.03 | 34 |
| 1094 | 12 | 0.20 | 0.24 | 4 | 115 | 0.17 | 28 | |
| 1111 | 12 | 0.18 | 0.26 | 2 | 45 | 0.19 | 27 | |
| 1128 | 36 | 0.23 | 0.10 | 2 | 210 | 0.04 | 21 | |
| VUD12 | 819.7 | 517.7 | 0.15 | 0.04 | 0.1 | 25.6 | 0.03 | 11 |
| includes | 819.7 | 11.3 | 0.38 | 0.22 | 2 | 34.7 | 0.16 | 29 |
| 916 | 77 | 0.26 | 0.05 | 1 | 18.9 | 0.03 | 17 | |
| 1068 | 85 | 0.22 | 0.06 | 0.5 | 45.6 | 0.03 | 1 |
- true width not known
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Lake Torrens Project - EL6416 Vulcan South Gravity Target
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Vulcan North
Area
Vulcan South
Target Area
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Vulcan Prospect, residual gravity image showing location of Vulcan South target area (Grid GDA 94, Z53).
White ellipse surrounds gravity features to be tested by latest Fortescue drilling wedging off holes VUD011 & VUD012 and drilling at low angles across basement.
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Lake Torrens Project - EL6416 Regional Targets
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Vulcan South
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Regional residual gravity image over Tasman’s Exploration Licence 6416, showing the location of Vulcan, Olympic Dam and Tasman’s other IOCG prospects (red dots) (GDA 94, MGA Zone 53).
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Pernatty Project – EL6137 Tasman 100%
Drilling RC precollar in Southern Area
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Pernatty Project Prospectivity
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Initial prospectivity identified by Tasman based on: • regional geophysical data (magnetics and gravity)
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possibility of reasonable basement depth
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regional synthesis of IOCG systems by Tasman
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proximity to the Carrapateena IOCG deposit (20km)
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Mt Gunson Cu deposit 40km to west
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Punt Hill IOCG prospect 15km to SW
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no previous drilling within tenement area
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Pernatty Project Location, Target Areas, Exploration
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EL6413EL6416
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Exploration completed:
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Gravity surveys in 2018 & 2019
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EM surveys over priority gravity & mag. target areas 2019
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Geophysical interpretation and modelling:
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3 coincident EM-gravity-mag. anomalies identified
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A number of shallow standalone EM conductors identified
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Drilling of 4 RC holes and 3 deep diamond holes completed in early 2021
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Basement deeper than anticipated (+900m) from modelling, no significant mineralisation intersected in gravity-EM targets tested to date.
Tasman Pernatty Project in Prospective IOCG corridor
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Pernatty Project Residual Gravity Drill Hole Locations and Nearby Mines
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Residual gravity image (left) showing holes completed over shallow EM targets (red dots) and diamond holes (PRC001, 005 & 006 (green dots)). Grid GDA 94 Z53.
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Pernatty drill hole locations and nearby mines.
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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 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.
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