TASMAN RESOURCES LTD — Investor Presentation 2012

Apr 29, 2012

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Vulcan IOCGU Project Success in Sight?

Lake Torrens Project: Showing Tectonic Lineaments (WMC, 1975)

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EL 4322
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Vulcan IOCGU Discovery - 2010

• IOCGU min./alt. (8 holes) - Cu, Au, Ag, U, Mo (+ REE)

• Similar target area to OD > 12 km[2]

• 57 m of strong cpy/py mineralisation in VUD 3

• +150m “classic” min. hematite-rich breccias in VUD 7

• Classic zoning (bornite/chalcopyrite/pyrite) in VUD 8

• Re – Os dating of MoS2 confirms age at 1590 Ma (equivalent to other regional IOCGU deposits)

• Conditional Farm-in/JVA with Rio Tinto Exploration

Vulcan IOCGU Project

Residual Gravity Image showing Tasman Drilling

Vulcan VUD 001

Heterolithic, sulphiderich breccia

Mineralised, hematite matrixrich breccia (py, cpy)

Heterolithic, carbonate breccia (py, cpy, hem)

Vulcan VUD 003 Cu - Au - U3O8 Mineralisation

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

Vulcan VUD 7

+150m of Hematite Breccia

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Vulcan VUD 008 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)

• MoS 2 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

MoS 2 (grey) in VUD 001

Rio Tinto Exploration (RTX) Farm-in/JVA (conditional) EL 4322

• $10m to Tasman to drill 12,000m (est $5m) in 12 months

• RTX to pay TAS $7m and 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% )

• Conditional upon Aboriginal heritage clearance (by 4 May 2012 unless extended)

Vulcan IOCGU Project

Residual Gravity Image showing Tasman Drilling

Vulcan Project: Comparisons

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Lake Torrens Project: Bouguer gravity (+residual inset)

EL 4322

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Competent Person’s Statement

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to the style of mineralisation and type of deposit under
consideration and to the activity which they are undertaking to
qualify as 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.
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