TASMAN RESOURCES LTD — Capital/Financing Update 2025

Oct 21, 2025

ACN 109 200 900

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AUSTRALIAN SECURITIES EXCHANGE ANNOUNCEMENT

22 October 2025

US OptiBlend Market Growth and Sales Update

HIGHLIGHTS

• Eden US recently received orders for six (6) OptiBlend kits worth more than US$300k (AUD$462k) from two US data centres, which is a growing customer market.

• Further sales to data centres expected in short term, with one data centre indicating requirement for a further six (6) OptiBlend kits, valued at approximately US$300k (AUD$462k).

• The current sales pipeline of OptiBlend (active) quotes totalling US$4.4 million (AUD$6.7 million), of which US$1.1 million (AUD$1.7 million) in new quotations have been provided in the past 3 months.

DETAILS

Eden Innovations Ltd (“Eden”) (ASX: EDE) is pleased to report that over the past two months its US subsidiary, Eden Innovations LLC (“Eden US”) has seen a significant rise in interest in its OptiBlend dual fuel kits, particularly from new and existing US data centres, resulting in both new quotations and sales. The North American data centre market is a rapidly growing target market for OptiBlend.

OptiBlend kits enable diesel-powered generators (“gensets”) to operate on a fuel mixture of 60-65% natural gas and 35-40% diesel fuel.

The addition of OptiBlend dual fuel systems extend the time that back-up power can be provided by the gensets by up to 250-300% longer, because of the dramatically reduced consumption rate of the on-site stored diesel fuel. This compelling benefit is in addition to significant cost savings from the lower price of natural gas compared with diesel fuel, and the significant reduction in emissions, both CO2 and diesel fuel emissions, otherwise produced by the gensets.

Eden Innovations Ltd | Telephone +61 8 9282 5889 Level 15, 197 St George’s Terrace, Perth, Western Australia 6000, Australia | edeninnovations.com

INCREASE IN DEMAND FOR OPTIBLEND DUAL FUEL KITS

CURRENT ORDERS

• In the past week, Eden US received orders for over US$300k (AUD$462k) for 6 OptiBlend kits, for immediate delivery, from two US data centres that require OptiBlend Kits for six (6) large gensets (with a generating capacity up to 3000 kW).

• Additionally, one of these data centres also advised that it has an additional six (6) gensets that will require OptiBlend kits, that is expected to generate additional revenue of approximately US$300K (AUD$462k).

• Additionally, Eden US already received purchase orders for gensets for seven (7) other projects that are scheduled to be delivered by the first quarter of 2026, which would generate revenue of approximately US$320k (AUD$492k).

SALES PIPELINE

• In the 2025 financial year, Eden US provided OptiBlend quotes for US$3,332,000 (AUD$5.0 million), which are still current.

• In the past months since 1 July 2025, Eden US has provided further quotations for OptiBlend kits for US$1.1 million (AUD$1.7 million).

GROWING CUSTOMER MARKET AND SALES PIPELINE

Demand for US data centre capacity is projected to grow significantly, potentially at a rate of 20 –25% annually through 2030[(1)] , driven largely by demand for artificial intelligence and cloud computing services. Forecasts show substantial forthcoming investment in North America, with projections of a total potential investment in data centres of up to US$1 trillion between 2025 and 2030.

With the significant benefits delivered by using the long proven, world class OptiBlend dual fuel kits on gensets required for back-up power, namely the significant increase the back-up power capability, the lower fuel costs and lower emissions, the case for installing OptiBlend kits is compelling.

The rapidly growing North American data centre market, coupled with the increasing demand for OptiBlend kits, as demonstrated by the increasing value of quotations & orders over the past 15 months, bodes well for a continued increase in OptiBlend sales over the forthcoming years.

1 https://www.mckinsey.com/industries/public-sector/our-insights/the-data-center-balance-how-us-states-cannavigate-the-opportunities-and-challenges

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Gregory H. Solomon Executive Chairman

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This announcement was authorised by the above signatory. For further information please contact Greg Solomon on +61 8 9282 5889.

Forward Looking Statements

Statements contained in this release, particularly those regarding possible, planned and future events are, or may be, forward-looking statements. Such statements relate to future events and expectations and, as such, involve known and unknown risks and uncertainties. Actual results and developments may differ materially from those expressed or implied by these forward-looking statements depending on a variety of factors. None of Eden Innovations Ltd’s directors, officers, employees, agents or contractors make any representation or warranty (either express or implied) as to the accuracy or likelihood of fulfilment of any forward-looking statement, or any events or results expressed or implied in any forward-looking statement, except to the extent required by law. You are cautioned not to place undue reliance on any forward-looking statement. Any forwardlooking statements in this announcement reflect views held only as at the date of this announcement.

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