TASMAN RESOURCES LTD

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Vulcan Project Update Greg Solomon Chairman August 2012

Tasman Project Locations

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Lake Torrens (1803 km[2] ) IOCGU

Lucas Hill (627 km[2] ) IOCGU Parkinson Dam (194 km[2] ) Au, Ag, Zn, Pb Central Gawler (832 km[2] ) Au

Lake Torrens Project Showing Tectonic Lineaments (WMC, 1975) EL 4322

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Lake Torrens Project Bouguer Gravity (+residual insert)

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EL 4322
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Vulcan IOCGU Discovery

Tasman discovery 2009- 8 holes drilled to date
Similar target area to OD > 12 km[2]
IOCGU min./alt. in all 8 holes - Cu, Au, Ag, U, Mo (+ REE)
57 m of strong chalcopyrite/pyrite - VUD 3
+160m “classic” min. hematite-rich breccias - VUD 7
Classic zoning (bornite/chalcopyrite/pyrite) - VUD 8
Re – Os dating of MoS2 confirms age at 1590 Ma (equivalent to other IOCGU deposits)

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

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Olympic Dam Vulcan

Vulcan IOCGU Project Residual Gravity Image showing Tasman Drilling

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Vulcan Drill Core VUD 1

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Heterolithic
sulphide rich
breccia
Mineralised, hematite matrix-
rich breccia (py, cpy)
Heterolithic,
carbonate breccia
(py, cpy, hem)
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Vulcan VUD 3: High Grade Cu - Au - U3O8

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0.34m at 5.9% Cu, 2.23g/t Au
0.75m at 4.4% Cu, 1.34g/t Au,
0.58kg/t U3O8
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Vulcan VUD 7: +160m of Hematite Breccia

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Vulcan VUD 8: Silica-Hematite Breccia

(+ bornite - chalcopyrite)

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Olympic Dam – Vulcan Zonation Comparison

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Vulcan Geochronology Re[187] - Os[187] in MoS2 (PACE* 2020)

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MoS 2 (grey) in VUD 001

MoS 2 (molybdenite)
widespread at Vulcan - ideal for direct dating of mineralisation
-
4 samples from 3 holes average age 1590 Ma
1590 Ma consistent with age of Olympic Dam, Prominent Hill and Carrapateena
Program for Accelerating Exploration, funded by SA Government

Rio Tinto Exploration (RTX) Farm-in/JVA (Unconditional)

EL 4322 only (includes Vulcan Project Area)
Aboriginal heritage clearance obtained August 2012
Farm-in/JVA Unconditional
First $10m paid by RTX to Tasman
Tasman to drill 12,000m (est. $5m) start- Sept 2012- 1 year
RTX may pay TAS $7m & spend $25m on exploration for 55%
If TAS dilutes, RTX may spend $50m for further 25% (ie 80%)
TAS may then contribute or require RTX to buy TAS share (20%)

Vulcan Project: Time Line

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Vulcan Project: Comparisons

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Conditional Sale of 5 Surplus Gawler Craton ELs/ELA to BHPB for $3million

Conditional Agreement to sell 5 surplus Gawler Craton ELs/ELA (see diagram) to BHPB for $3million
Conditions precedent, including satisfactory completion of due diligence by BHP Billiton, Ministerial Consent and completion of EL and ELA transfers within 6 and 9 months, respectively of June 2012.

Directors and Management

Directors

Greg Solomon LLB (Executive Chairman)

Guy Le Page BA BSc (Hons) MBA ASIA MAusIMM (Non Executive)

Doug o omonS l BJuris LLB (Hons) (Non Executive) Senior Management

Rob Smith BSc (Hons) MSc MAIG (Senior Geologist)

Mike Glasson BSc (Hons) MSc MAIG (Senior Geologist)

Aaron Gates BCom CA ACSA (Company Secretary)

Corporate Structure - 28[th] August 2012

Issued Shares (TAS) - 225.8m
Employee Options - 6.4m ($0.12- 0.1685)
Market Cap. - $28.2m (28[th] August 2012)
Current Share Price - $0.125 (28[th] August 2012)
52 Week Share Price Range $0.049 - 0.21
Current Cash $10.2m - No Debt

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 st le of mineralisation and t e of de osit under y yp p consideration and to the which are to as activity they undertaking qualify 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.

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.

Contact Details

(ASX:TAS) Level 15, 197 St Georges Terrace, Perth, Western usA tralia. 6000

www.tasmanresources.com.au

Tel. +61 8 9282 5889 Fax +61 8 9282 5866 Email: [email protected]

AI assistant

TASMAN RESOURCES LTD Investor Presentation 2012

65896_rns_2012-08-29_681ba391-31ea-4d6d-b65b-0e3555ea44f1.pdf