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TASMAN RESOURCES LTD Share Issue/Capital Change 2004

Nov 29, 2004

65896_rns_2004-11-29_69f68803-3014-4387-b790-5797d4d90968.pdf

Share Issue/Capital Change

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SHARES AND OPTIONS WILL ONLY BE ISSUED ON THE BASIS OF THE APPLICATION FORM ATTACHED TO THIS PROSPECTUS

TASMAN RESOURCES NL ACN 009 253 187

PROSPECTUS

For the offer of up to 9,000,000 fully paid ordinary Shares at an issue price of 22 cents each together with 1 Option for every 4 Shares acquired (each to acquire 1 fully paid ordinary Share at an exercise price of 20 cents per Share exercisable at any time up to and including 28 February 2006). The Offer, if fully subscribed, will raise \$1,980,000 (before expenses of the Offer). There is no minimum subscription.

This is an important document. Please read it carefully. If you do not understand the contents of this Prospectus you should consult your financial, legal or other professional adviser.

THIS OFFER CLOSES AT 5.00PM (AWST) ON TUESDAY 21 DECEMBER 2004 UNLESS PREVIOUSLY CLOSED

The Shares and Options that will be issued pursuant to this Prospectus are of a speculative nature.

TABLE OF CONTENTS

  • SECTION $1:$ CHAIRMAN'S LETTER
  • $2:$ SECTION KEY DATES
  • SECTION $3:$ CORPORATE DIRECTORY
  • SECTION $4:$ IMPORTANT NOTICE
  • SECTION $5:$ DEFINITIONS
  • SECTION $6:$ DETAILS OF THE OFFER
  • $7:$ RISK FACTORS SECTION
  • $8:$ EFFECT ON CAPITAL STRUCTURE SECTION
  • ADDITIONAL INFORMATION SECTION $9:$
  • SECTION DISCLOSURE $10:$
  • SECTION 11: MISCELLANEOUS INFORMATION
  • SECTION $12:$ AUTHORISATION

TASMAN RESOURCES NL

ACN 009 253 187

Level 40 Exchange Plaza 2 The Esplanade PERTH WA 6000

Telephone: 61 8 9282 5889 Facsimile: 61 8 9282 5866 [email protected]

Dear Applicant.

I have pleasure in inviting you to invest in Tasman Resources NL ("Tasman") by subscribing for Shares under this Prospectus. This Prospectus is offering up to 9,000,000 fully paid ordinary shares (the "Shares") in the capital of Tasman at 22 cents each (the "New Shares"), together with 1 Option for every 4 Shares acquired (each to acquire 1 fully paid ordinary Share at an exercise price of 20 cents per Share exercisable at any time up to and including 28 February 2006). The Offer, if fully subscribed, will raise \$1,980,000 (before expenses of the Offer).

The purpose of the Offer is to provide funding for the following:

  • additional exploratory drilling at the Company's 100% owned Lake Torrens Project in South Australia which will include an expanded drilling program at the Marathon Prospect;
  • additional capital to meet the Company's other ongoing exploration commitments in $\blacktriangle$ South Australia covering gold, base metals and diamonds;
  • funding for expenditure on the Company's Geothermal tenements in South Australia;
  • additional capital to meet the Company's ongoing investment commitments to Brehon Energy plc, through the Company's subsidiary, Eden Energy Ltd, over the next 6 months;
  • sufficient funding to meet the Company's ongoing working capital requirements. $\bullet$

Please read this Prospectus carefully. You should obtain independent advice from an Australian Financial Services licensee before making any decision.

Yours sincerely Gregory H. Solomon Chairman

Signed Application Forms together with payment of the application monies must be received by Tasman by no later than 5.00pm Tuesday 21 December 2004 unless the Offer has previously been closed.

SECTION 2: KEY DATES

EVENT DATE
Announcement of Offer 30 November 2004
Lodgement of Prospectus with ASIC 30 November 2004
Application Lists Open 8 December 2004
Application Lists Close 21 December 2004

SECTION 3: CORPORATE DIRECTORY

$3.1.$ DIRECTORY

BOARD OF DIRECTORS

Mr Gregory Howard Solomon Mr Douglas Howard Solomon Mr Guy Touzeau Le Page

COMPANY SECRETARY

Mr Raymond F. Buscall

PRINCIPAL & REGISTERED OFFICE

Level 40 Exchange Plaza 2 The Esplanade PERTH 6000 WESTERN AUSTRALIA Email: [email protected] Website: www.tasmanresources.com.au

ASX CODE

TAS TASO

*SOLICITORS

Solomon Brothers Level 40 Exchange Plaza 2 The Esplanade PERTH 6000 WESTERN AUSTRALIA

* The name of Solomon Brothers appears for information purposes only

$3.2.$ DIRECTORS OUALIFICATIONS AND EXPERIENCE

Gregory Howard Solomon LLB (Executive Chairman)

Mr Solomon is a solicitor with almost 30 years Australian and international experience in a wide range of areas including mining law, commercial negotiation (including numerous mining and exploration joint ventures) and corporate law. He is a senior partner in the Western Australian legal firm, Solomon Brothers and has held directorships of various public companies since 1984 including two mining/exploration companies, including holding several chairmanships, and acting as an executive director on various occasions.

Douglas Howard Solomon, BJuris LLB (Hons) (Non-executive)

Mr Solomon is a Barrister and Solicitor with more than 20 years experience in the areas of mining, corporate, commercial and property law. He is a Senior partner in the legal firm, Solomon Brothers. He has been a director of a 2 public companies and has a great level of legal and corporate experience.

Guy Touzeau Le Page, B.A., B.Sc. (Hons)., M.B.A., ASIA., MAusIMM (Non-Executive)

Mr Le Page is currently a corporate adviser at RM Capital Pty Ltd specialising in resources. He is actively involved in a range of corporate initiatives from mergers and acquisitions, initial public offerings to valuations, consulting and corporate advisory roles. Mr Le Page was Head of Research at Morgan Stockbroking Limited (Perth) prior to joining Tolhurst Noall as a Corporate Adviser in July of 1998. As Head of Research, Mr Le Page was responsible for the supervision of all Industrial and Resources research. As a Resources Analyst, Mr Le Page published detailed research on various mineral exploration and mining companies listed on the Australian Stock Exchange. The majority of this research involved valuations of both exploration and production assets.

Prior to entering the stockbroking industry he spent 10 years as an exploration and mining geologist in Australia, Canada and the United States. His experience spans gold and base metal exploration and mining geology and he has acted as a consultant to private and public companies. This professional experience included the production of both technical and valuation reports for resource companies.

Mr Le Page holds a Bachelor of Arts, a Bachelor of Science and a Masters Degree in Business Administration from the University of Adelaide, a Bachelor of Applied Science (Hons) from the Curtin University of Technology and a Graduate Diploma in Applied Finance and Investment from the Securities Institute of Australia

SECTION 4: IMPORTANT NOTICE

This Prospectus is dated 30 November 2004 and was lodged with the Australian Securities and Investments Commission ("ASIC") on 30 November 2004.

Neither ASIC nor ASX, nor any of their respective officers, take any responsibility as to the contents of this Prospectus.

This Prospectus will be issued in paper form and as an Electronic Prospectus which may be viewed on line at www.tasmanresources.com.au/30 November 2004 Prospectus. The invitation to apply for New Shares pursuant to this Prospectus is available to persons receiving an electronic version of this Prospectus in Australia.

The Corporations Act 2001 prohibits any person passing onto another person the Application Form unless it is attached to, or accompanied by, the complete and unaltered version of this Prospectus. During the invitation period, any person may obtain a hard copy of Prospectus free of charge by contacting the Company by email this. - at [email protected].

Distribution of this Prospectus in jurisdictions outside Australia may be restricted by law and persons who come into possession of this Prospectus should seek advice and observe any such restrictions. Any failure to comply with such restrictions may constitute a violation of applicable securities laws.

This Prospectus does not constitute an invitation in any place in which, or to any person to whom, it would not be lawful to make such an invitation.

In compliance with Section 713 of the Corporations Act 2001, this Prospectus contains all information which investors and their professional advisers would reasonably require and reasonably expect to find in a prospectus for the purpose of making an informed assessment of:

  • the effect of the Offer on the Company; and
  • the rights and liabilities attaching to the New Shares and the Options.

No person is authorised to give information or to make any representation in connection with this Prospectus, which is not contained in this Prospectus. In making representations in this Prospectus, regard has been given to the fact that ASX maintains a file containing publicly disclosed information about the Company and that the Company is a disclosing entity for the purpose of the Corporations Act 2001.

The New Shares and Options offered by this Prospectus are of a speculative nature. Applicants

should read this document in its entirety and, if in any doubt, consult with their professional advisers before deciding whether to subscribe for New Shares and Options. The New Shares offered under this Prospectus carry no guarantee in respect of return of capital, return on capital investment, payment of dividends or the future value of the New Shares and/or Options.

Throughout this Prospectus abbreviations and defined terms are used. Defined terms are generally identified by the use of an uppercase first letter. Details of the definitions and abbreviations used are set out in Section 5 of this Prospectus.

$\mathcal{S}$ Australian dollars. All amounts in this
Prospectus are in Australian currency.
Applicant a person applying for New Shares pursuant
to this Prospectus
Application Form the form that accompanies this Prospectus
and is titled "Application Form"
ASIC Australian Securities and Investments
Commission
ASX Australian Stock Exchange Limited (ABN
98008624691)
AWST Australian Western Standard Time
Closing Date 21 December 2004
Company or Tasman Tasman Resources NL (ACN 009 253 187)
Constitution constitution of the Company
Directors The Directors of the Company
Existing Shares The Shares on issue at 30 November 2004
Listing Rules official listing rules of ASX
New Shares the Shares to be issued pursuant to this
Prospectus
Offer the offer of New Shares and Options
pursuant to this Prospectus
Option a right to acquire a Share up to and
including 28 February 2006 at an exercise
price of 20 cents per Share.
Prospectus this Prospectus dated 30 November 2004
Share a fully paid ordinary share in the capital of
the Company
Shareholder a holder of Shares

SECTION 5: DEFINITIONS

SECTION 6: DETAILS OF THE OFFER

6.1. OFFER

Pursuant to this Prospectus, Applicants are invited to apply for up to 9,000,000 New Shares at an issue price of 22 cents each. In addition, 1 Option will be issued free of charge for every 4 Shares acquired (each to acquire 1 fully paid ordinary Share at an exercise price of 20 cents per Share exercisable at any time up to and including 28 February 2006).

All New Shares issued pursuant to this Prospectus will be issued as fully paid ordinary shares and will rank equally in all respects with the Existing Shares already on issue. The terms and conditions of the Options are set out in section 9.2.

$6.2.$ OPENING AND CLOSING DATES

The Offer will open for receipt of applications on 8 December 2004 and close at 5.00PM (AWST) 21 December 2004 unless closed earlier, Completed Application Forms together with the correct application monies, must be received by the Company by 5:00 pm (AWST) on the Closing Date.

Subject to the requirements of the Corporations Act 2001 and the ASX Listing Rules the Company may close this Offer at an earlier time and date without prior notice. Applicants are encouraged to submit their Applications as early as possible. No Shares will be issued on the basis of this Prospectus later than thirteen (13) months after the date of this Prospectus.

6.3. PURPOSE OF THE OFFER

The purpose of the Offer is to raise funds of up to \$1,980,000 (before costs) for:

  • additional exploratory drilling at the Company's 100% owned Lake Torrens Project in South Australia which will include an expanded drilling program at the Marathon Prospect;
  • additional capital to meet the Company's other ongoing exploration commitments in South Australia covering gold, base metals and diamonds;
  • additional capital to fund the Company's ongoing investment in Brehon Energy plc, through the Company's subsidiary, Eden Energy Ltd; and
  • sufficient funding to meet the Company's working capital requirements.

The funds raised will be applied as follows:

Exploration Expenditure-Marathon Prospect \$900,000
Other mineral exploration-South Australia \$160,000
Geothermal Energy tenements \$250,000
Further investment in Brehon Energy plc \$200,000
Expenses of the Offer \$125,000
Working Capital \$345,000
TOTALS ,980,000.00
σп.
- 131 -

In the event that the Offer made under this Prospectus is not fully subscribed, the actual funds raised will be applied, firstly towards exploration expenditure at the Company's Marathon Prospect and other South Australian exploration to the extent necessary to meet minimum exploration commitments and towards the Company's ongoing funding of its investment in Brehon Energy plc, through the Company's subsidiary, Eden Energy Ltd, and thereafter towards additional exploration expenditure and the other items specified in the above table. The Company will review its proposed exploration expenditure at Marathon in view of the level of funds actually raised under this Prospectus, and may adjust or defer that expenditure as appropriate.

6.4. APPLYING FOR NEW SHARES

Applications for New Shares must be for a minimum of 10,000 New Shares (\$2,000.00) (with 2,500 accompanying Options). Applications for more than 10,000 New Shares must be in multiples of 1,000 (with 250 accompanying Options).

Applications for New Shares (and accompanying Options) can only be made by completing the Application Form attached to this Prospectus. The Company reserves the right to reject any Application or to allocate any Applicant fewer New Shares and Options than the number applied for.

Please read carefully all the instructions on the Application Form before completion. Your completed Application Form must reach the Company by 5:00 pm (AWST) on the Closing Date (21 December 2004).

If the Application Form is not completed correctly, or if the accompanying payment is for the wrong amount, it may still be treated as valid. The Company's decision as to whether to treat the application as valid, or how to construe, amend or complete the Application Form, shall be final. However, Applicants will not be treated as having offered to subscribe for more New Shares than is indicated on the Application Form.

$6.5.$ TERMS OF PAYMENT

The payment of 22 cents per New Share must be made in full on application and must accompany the completed Application Form. Please deliver your duly completed Application Form(s), together with the appropriate amount of application monies:

by post or delivery to:

Tasman Resources NL Level 40 Exchange Plaza

2 The Esplanade PERTH 6000 WESTERN AUSTRALIA

Cheques or drafts must be in Australian currency drawn on an Australian bank and made payable to "Tasman Resources NL Float account" and crossed "not negotiable". Cash should not be forwarded. Receipts for payment will not be issued.

6.6. NO MINIMUM SUBSCRIPTION OR OVERSUBSCRIPTION

As the Offer is not underwritten, it is not considered appropriate to specify a minimum subscription for the Offer to be completed.

There is no facility for over-subscriptions.

6.7. ALLOTMENT

No issue or allotment of New Shares or Options will take place until permission is granted for official quotation of the New Shares and Options on ASX. The allotment of New Shares and Options to Applicants will occur progressively as soon as practicable after each application is received following which a statement of Share holdings and Option holdings will be dispatched. It is the responsibility of Applicants to determine their allocation prior to trading in New Shares and/or Options. Applicants who sell New Shares or Options before they receive their holding statement do so at their own risk.

The Directors reserve the right to reject any application for New Shares and Options and to allot and issue a lesser number of New Shares and Options than applied for.

If the Offer does not proceed for any reason, if an application is rejected or if the number of New Shares and Options allotted to an Applicant is less than the number applied for, the application monies or surplus application monies (as the case may be) will be refunded, without interest, after the Closing Date and within the time prescribed under the Corporations Act 2001.

6.8. ASX LISTING

Application will be made for the New Shares and Options offered by this Prospectus to be granted official quotation by ASX, within 7 days after the date of this Prospectus. If approval for such official quotation has not been granted by ASX before the expiration of three (3) months after the date of this Prospectus, the Company will not allot or issue any New Shares or Options, and will repay all application monies (where applicable) within the time prescribed under the Corporations Act 2001, without interest.

6.9. COMMISSION

The Company will pay a commission of five percent (5%) of funds raised to Australian Financial Services licensees for New Shares issued to their clients.

6.10. EXPENSES OF THE OFFER

The estimated expenses of the Offer are as follows:

TOTAL \$123,160.00
Commission \$96,750.00
Printing and miscellaneous expenses \$2,500.00
Legal fees \$15,000.00
ASX fees \$6,900.00
ASIC fees \$2,010.00

6.11. NON RESIDENT INVESTORS

This Prospectus does not constitute an invitation in any jurisdiction in which, or to any person to whom, it would not be lawful to make such an invitation.

Applicants resident in countries other than Australia should consult their professional advisers as to whether any governmental or other consents are required, or whether formalities need to be observed to enable them to subscribe for New Shares and Options pursuant to this Prospectus. No action has been taken to register or qualify the New Shares or Options or otherwise permit a public offering of the New Shares and Options in any jurisdiction outside Australia.

The return of a completed Application Form by a non-resident Applicant will be taken by the Company to constitute a representation and warranty by that Applicant that all relevant approvals have been obtained to enable that Applicant to offer to subscribe for the New Shares and Options referred to in the relevant Application Form, and that the Company may legally issue the New Shares and Options to that Applicant.

6.12. APPLICATION MONIES

All application monies from each Applicant will be held on trust until the allotment and issue of the New Shares and Options to each Applicant. The Company will be entitled to all interest paid or accrued on application monies irrespective of whether allotment takes place.

6.13. TAXATION IMPLICATIONS

The Directors do not consider it appropriate to give potential Applicants advice regarding the taxation consequences of applying for New Shares and Options as it is not feasible to provide a comprehensive summary of the possible taxation positions of all potential Applicants. The Company and its advisers and officers do not accept any responsibility or liability for any taxation consequences to potential Applicants as a result of subscriptions for New Shares and Options under this Offer. Potential Applicants should, therefore, consult their own professional advisers in connection with the taxation implications of applying for New Shares and Options.

6.14. CHESS (CLEARING HOUSE ELECTRONIC SUB-REGISTER SYSTEM

The Company will apply to ASX to participate in CHESS for those investors who have, or wish to have, a sponsoring stockbroker. Investors who do not wish to participate through CHESS will be issuer sponsored by the Company.

Electronic registers mean that the Company will not be issuing certificates for the New Shares and Options to Applicants and all Shares and Options can be transferred without relying on paper documentation.

Applicants will be provided with a statement that sets out the number of New Shares and Options allotted to them pursuant to this Prospectus. The notice will also advise holders of their Holder Identification Number and explain the sale procedures under CHESS and issuer sponsorship.

6.15 RISK FACTORS

In addition to the general risks applicable to all investments in listed companies, there are specific risks associated with an investment in the Company, which are set out in section 7 of this Prospectus.

6.16 ACKNOWLEDGMENT

By returning an Application Form, each Applicant acknowledges that they have received and read this Prospectus.

16.17 ENQUIRIES IN RELATION TO THIS ISSUE

This Prospectus provides information for Applicants and should be read in its entirety. Enquiries concerning the Application Form accompanying this Prospectus or about subscribing for New Shares and Options under this Offer should be directed to the Company (attention Greg Solomon) by telephone on (08) 9282 5889 or facsimile on (08) 9282 5866.

If after reading this Prospectus or contacting the Company you have any questions about any aspect of an investment in the Company, please consult your stockbroker, accountant or independent financial adviser.

SECTION 7: RISK FACTORS

$7.1.$ RISKS OF INVESTING

The operating results and profitability of Tasman are subject to a number of risk factors, many of which are not easily identifiable or capable of being controlled.

Applicants must review the contents of this Prospectus in detail and should consult their solicitor. stockbroker or financial adviser if they have any queries or concerns.

There are general risks associated with any investment in the stock market. Returns from such an investment will depend on prevailing economic climate, interest rates, governmental policies, exchange rates, general stock market returns, performance of companies within the particular sector of the stock market Tasman is involved in, the relative performance of alternative forms of investments and the actual performance of Tasman.

The exploration and development of natural resources is, by its nature, a speculative activity which involves a high degree of financial risk. The risk factors which should be taken into account in assessing Tasman's activities include, but are not necessarily limited to, those set out below.

The exploration and mining industry is highly speculative and involves greater risks than most other businesses.

$7.2.$ SPECIFIC RISKS

A summary of some of the risk factors applicable to the proposed activities of Tasman which Applicants should be particularly aware of, and should take into account, when considering whether or not to apply for New Shares include but are not limited to the following:

Exploration Success

The tenements of the Company are at various stages of exploration, and potential investors should understand that mineral exploration and development are high risk undertakings. There can be no assurance that exploration of the project areas or any other tenements that may be acquired in the future will result in the discovery of an economic ore deposit. Even if an apparently viable deposit is identified, there is no guarantee that it can be commercial exploited. Further, all of the tenements are largely unexplored and have only a very limited mining history and there is no certainty that the proposed exploration will reveal any mineable mineralisation or that any such mineralisation will ultimately be commercially viable.

Operating Risks

The operations of the Company may be affected by various factors including failure to locate or identify mineral deposits, failure to achieve predicted grades in exploration and mining, operational and technical difficulties encountered in mining, difficulties in commissioning and operating plant and equipment, mechanical failure or plant breakdown, unanticipated metallurgical problems which may affected extraction costs, inability to obtain satisfactory joint venture partners, adverse weather conditions, industrial and environmental accidents, industrial disputes, unexpected shortages and increases in the cost of consumables, spare parts plant and equipment. No assurances can be given that the Company will achieve commercial viability through the successful exploration and/or mining of its tenement interests or from its investment in Brehon Energy plc, through the Company's subsidiary, Eden Energy Ltd. Until the Company is able to realise value from its projects, it is likely to incur ongoing operating losses.

Commodity Price Volatility & Exchange Rate Risks

If the Company achieves success which results in mineral production, the revenue it will derive through the sale of commodities exposes the potential income of the Company to commodity price and exchange rate risks. Commodity prices fluctuate and are affected by many factors beyond the control of the Company, including supply and demand fluctuations for precious and base metals, technological advancement, forward selling activities and other micro and macro economic factors. International prices of various commodities are largely denominated in United States dollars, whereas the income and expenditure of the Company, whilst operating on Australian projects, will be in Australian currency, exposing the Company to the fluctuations and volatility of the rate of exchange between the United States dollar and the Australian dollar.

Native Title

Native Title claims may affect the Company's operation. Tasman recognises the existence of Native Title over certain mineral land and undertakes to form honest and open working partnerships with the relevant Aboriginal Communities. The Company respects the stakeholder rights of indigenous peoples, whether statutory requirement or not, and will always consider Aboriginal issues in order to determine mutually acceptable solutions.

Share Market Conditions

The price of the Shares and the Options when quoted on ASX will be influenced by international and domestic factors affecting market conditions in equity, financial and commodity markets. These factors may affect the general level of prices for listed securities of mining and exploration companies quoted on ASX.

Reliance on key personnel

Tasman is dependent to a substantial extent on the experience and services of the Directors and Tasman's senior management to implement Tasman's business objectives. The loss of the services of any of these Directors or members of senior management could have a material adverse effect on Tasman's operations and ability to execute its business objectives.

Interest rates/Economic conditions

The results of Tasman business operations will be affected by the level and volatility of interest rates. Further, the performance of Tasman will be influenced by the general condition of the Australian economy.

Political factors

Political factors may interrupt or prevent exploration, mine development or production operations. Changes in taxation or government action, which could include non-renewal of or cancellation of exploration licences and permits, may result in any potential income receivable by the Company or licences held by subsidiaries of the Company, being adversely affected.

Litigation risk

There is a risk that Tasman may become involved in the defence or prosecution of litigation in the normal course of business, which may have a material adverse effect on Tasman's operations.

$7.3.$ APPLICANT'S OWN ENQUIRIES

Directors emphasise that the risk factors set out in this Section are not the only risk factors that could affect the operations of Tasman, its financial position and the value of Shares and/or Options. The risk factors set out in this Section do not constitute a comprehensive or exhaustive listing of all of the risk factors which may be applicable to Tasman. Applicants should satisfy themselves as to the inherent risks associated with the mining industry in general and those of which may be specifically applicable to Tasman when deciding whether or not to apply for New Shares and Options under this Prospectus.

SECTION 8: EFFECT ON CAPITAL STRUCTURE

The Offer contemplated by this Prospectus will have an effect on the capital structure of the Company. The effect is summarised below.

Capital Structure Number
EXISTING ISSUED AND PAID UP CAPITAL
$\bullet$ Shares 77,902,515
$\bullet$ Options to subscribe for Shares exercisable at 41,730,849
20 cents up to and including 28 February 2006

NEW SHARES AND OPTIONS TO BE ISSUED PURSUANT TO

THIS PROSEPCTUS

$\bullet$ New Shares* 9,000,000
۰ New Options to subscribe for Shares exercisable at 2,250,000
20 cents up to and including 28 February 2006*

(*assuming this Prospectus is fully subscribed)

TOTAL SECURITIES PROPOSED TO BE ON ISSUE

$\bullet$ Shares* 86,902,515
٠ Options to subscribe for Shares exercisable 43,980,849
at 20 cents up to and including 28 February 2006*
(*assuming this Prospectus is fully subscribed)

The issue of the New Shares will affect the current financial position of the Company by, if fully subscribed, increasing both the cash assets and issued share capital account by \$1,856,840 being the maximum amount to be raised less the estimated costs of the Offer.

Set out below is a Statement of Financial Position based on the audited consolidated Balance Sheet of the Company at 30 June 2004, before and after the effect of the Offer.

Consolidated
of
Statement
Audited Post Offer
Financial Position 30 June 2004 Ж
\$
Current Assets
Cash & Deposits 451,940 2,308,780
Receivables 32,831 32,831
Total current assets 484,771 2,341,611
Non-current assets
Property, plant & equipment 26,277 26,277
Exploration Expenditure 4,737,611 4,737,611
Total Non-current assets 4,763,888 4,763,888
Total Assets 5,248,659 7,105,499
Current liabilities
Payables 147,161 147,161
Total current liabilities 147,161 147,161
Net Assets 5,101,498 6,958,338
Equity
Contributed equity * 6,755,888 8,612,728
Accumulated losses (1,654,390) (1,654,390)
Total Equity 5,101,498 6,958,338

* Contributed equity is net of estimated costs of the issue.

SECTION 9: ADDITIONAL INFORMATION

9.1. RIGHTS ATTACHING TO THE SHARES

The New Shares will be issued fully paid, and from the date of issue will rank equally in all respects with the Existing Shares. By accepting the New Shares, you agree to comply with the Constitution in respect of the New Shares issued to you.

Full details of the rights attaching to the Shares are set out in the Constitution, a copy of which can be inspected at the Company's registered office during normal business hours. The following is a broad summary (not an exhaustive or definitive statement) of the material rights that attach to the Existing Shares and that will attach to the New Shares when they are issued:

Voting Rights

Subject to any rights or restrictions for the time being attached to any class or classes of Shares (at present there are none), at meetings of Shareholders of the Company:

  • $(a)$ each Shareholder entitled to vote may vote in person or by proxy, attorney or representative;
  • $(b)$ on a show of hands, every person present who is a Shareholder or a proxy, attorney or representative of a Shareholder has one vote; and
  • on a poll, every person present who is a Shareholder shall, in respect of each full paid $(c)$ Share held by him, or in respect of which he is appointed a proxy, attorney or representative, have one vote for the Share, but in respect of partly paid shares, shall have such number of votes as bears the same proportion which the amount paid (not credited) is of the total amounts paid and payable (excluding amounts credited).

Rights on Winding Up

Subject to the rights of holders of Shares with special rights in a winding up (at present there are none), on a winding up of the Company all assets that may be legally distributed among members will be distributed in proportion to the number of fully paid Shares held by them (and a partly paid share is counted as a fraction of a fully paid share equal to the amount paid on it, divided by the total issue price of the share).

Transfer of Shares

Subject to the constitution of the Company, the Corporations Act 2001, and any other laws and SCH Business Rules and ASX Listing Rules, Shares are freely transferable.

Future Increases in Capital

The allotment and issue of any Shares is under the control of the Directors. Subject to restrictions on the allotment of Shares to Directors or their associations, the ASX Listing Rules, the Constitution of the Company and the Corporations Act 2001, the Directors may allot or otherwise dispose of Shares on such terms and conditions as they see fit.

Variation of Rights

Under the Corporations Act 2001, the Company way, with the sanction of a special resolution passed at a meeting of Shareholders, vary or abrogate the rights attaching to Shares. If at any time the share capital is divided into different classes of shares, the rights attached to any class (unless otherwise provided by the terms of the issue of the shares of that class), whether or not the Company is being wound up, may be varied or abrogated with the consent in writing of the holders of three quarters of the issued shares of that class, or if authorised by a special resolution passed at a separate meeting of the holders of the shares of that class.

Dividend Rights

Subject to the rights of holders of Shares issued with special, preferential or qualified rights (at present there are none), the profits of the Company which the Directors determine to distribute by way of dividend are divisible among the holders of ordinary Shares in proportion to the number of Shares held by them.

General Meeting

Each Shareholder is entitled to receive notice of, and to attend and vote at, general meetings of the Company and to review all notices, accounts and other documents required to be furnished to Shareholders under the Constitution or the Corporations Act 2001.

9.2. TERMS AND CONDITIONS OF THE OPTIONS

The Options that are to be issued free of charge at the rate of 1 Option for every 4 Shares acquired pursuant to this Prospectus will be issued on the same terms and conditions as the Options already on issue. The terms and conditions of the Options are as follows:

  • The Options are exercisable at any time prior to 5.00pm WST 28 February 2006 (the $\mathbf{1}$ . Expiry Date). Options not exercised on or before the Expiry Date will automatically lapse.
  • $\overline{2}$ . The Options may be exercised wholly or in part by completing a notice of exercise of options in a form approved by the Company (Notice of Exercise) to be delivered to the

Company's registered office and received by it any time prior to the Expiry Date.

    1. The Options entitle the holder to subscribe (in respect of each Option held) for one fully paid ordinary Share at an exercise price per Option of 20 cents.
  • $\overline{4}$ . Upon the exercise of the Options and receipt of all relevant documents and payment, Shares will be issued ranking pari passu with the then issued Shares. If at the date of exercise of the Options the Shares of the Company are quoted on the ASX, the Company will apply to ASX to have the Shares so issued granted Official Ouotation.
    1. Any Notice of Exercise received by the Company on or prior to the Expiry Date will be deemed to be a Notice of Exercise as at the last Business Day of the month in which such notice is received.
    1. There are no participating entitlements inherent in the Options to participate in new issues of capital, which may be offered to shareholders during the currency of the Options. Prior to any new pro rata issue of securities to shareholders, holders of Options will be notified by the Company and will be afforded 10 Business Days before the Record Date (as defined in the Listing Rules to determine entitlements to the issue), to exercise Options.
  • $\overline{7}$ . In the event of any reconstruction (including consolidation, sub-division, reduction or return) of the issued capital of the Company prior to the Expiry Date, the number of Options or the exercise price of the Options or both shall be reconstructed (as appropriate) in a manner which will not result in any benefits being conferred on holders of Options which are not being conferred on shareholders and (subject to the provisions with respect to rounding of entitlements as sanctioned by the meeting of shareholders approving the reconstruction of capital), in all respects, the terms for the exercise of Options shall remain unchanged.
    1. The Options may be transferred at any time prior to the Expiry Date.
    1. Shares issued pursuant to the exercise of an Option will be issued not more than 14 days after the Notice of Exercise.

9.3. INTERESTS OF DIRECTORS

Except as set out below, no Director now has, or during the last two years has had, any interest in the formation or promotion of the Company, or any property proposed to be acquired by the Company in connection with its formation or promotion or the Offer, and no Director is (or was during the last two $(2)$ years) a partner of or has (or during the last two $(2)$ years had) any beneficial interest in a firm that has (or during the last two (2) years had) any interest in the promotion of or any property proposed to be acquired by the Company in connection with its promotion of the Offer. Further, no sums had been paid or agreed to be paid to a Director or to such firm, in cash or shares or otherwise, either to induce him to become, or to qualify him as, a Director or otherwise for services rendered by him or the firm in connection with the promotion of the Company.

The particulars of Shares and Options in which the Directors have a relevant interest at the date of this Prospectus are shown in the table below:

Name of Director Number of Shares Number of Options
GH Solomon 7,255,865 4,661,266
DH Solomon 7,374,666 4,661,267
GT Le Page 647,446 423,890

The remuneration of the executive director is fixed by the Directors and may be paid by way of fixed salary or based on agreed hourly rates according to time spent, up to an agreed maximum amount. At the date of this Prospectus, Tasman does not have any contractual obligations with respect to executive directors but it has been resolved to pay Gregory Solomon an annual fee of \$120,000 for acting as executive chairman.

Non executive director's fees not exceeding an aggregate of \$72,000 per annum have been approved by the Company in general meeting. Levels of these fees may be varied by the Company in general meeting according to its Constitution. The amount fixed for remuneration for nonexecutive Directors may be divided amongst the non-executive Directors in such proportion and manner as the non-executive Directors may agree or, in default of agreement, equally.

Gregory Solomon and Douglas Solomon are both partners in the legal firm Solomon Brothers that will receive legal fees of approximately \$15,000.00 (plus any applicable disbursements and GST) for services performed in relation to the preparation of this Prospectus.

The Company uses the services of Princebrook Pty Ltd, a company of which Gregory Solomon and Douglas Solomon are directors and shareholders, to provide all office, accommodation, use of office equipment, accounting, secretarial and management services to the Company at a current cost of \$12,500 (plus GST) per month plus an administration fee of 5% plus GST.

9.4. INTERESTS OF OTHER PERSONS

Except as disclosed in this Prospectus, no:

  • $(a)$ person named in this Prospectus as performing a function in a professional, advisory or other capacity in conjunction with the preparation or distribution of this Prospectus;
  • $(b)$ promoter of the Company; or
  • stockbroker or underwriter to the Offer: $(c)$
  • $\ddot{\Omega}$ holds or has held within two years before the date of this Prospectus any interest in the formation or promotion of the Company, the Offer or property acquired or proposed to be acquired by the Company in connection with its formation or promotion or the Offer; or
  • $(ii)$ has been paid or given or will be paid or given any amount or benefit in connection with the formation or promotion of the Company or the Offer.

Solomon Brothers has acted as legal adviser to Tasman in relation to the Offer. Solomon Brothers' fees for this work up to the date of lodgement of this Prospectus will be approximately \$15,000.00 (plus any applicable disbursements and GST).

$9.5.$ DIVIDEND POLICY

At the date of this Prospectus, the Directors do not intend to pay a dividend and the Company has not adopted a formal dividend policy.

$9.6.$ MARKET PRICES

The highest and lowest market prices of Existing Shares quoted on ASX during the three (3) months immediately preceding the announcement of the Offer on 30 November 2004 and the respective dates of those sales were:

  • Highest: 33 cents per Share on 23 November 2004
  • Lowest: 6.1 cents per Share on 15 May 2004 $\bullet$

The latest available closing price for the Shares on ASX on the date of lodgement of this Prospectus with ASIC was 23.5 cents per Share on 30 November 2004.

The highest and lowest market prices of Options quoted on ASX during the three (3) months immediately preceding the announcement of the Offer on 30 November 2004 and the respective dates of those sales were:

  • Highest: 13 cents per Option on 23 November 2004
  • Lowest: 1 cent per Option on 8 September 2004

The latest available closing price for the Options on ASX on the date of lodgement of this Prospectus with ASIC was 9.5 cents per Option on 30 November 2004.

$9.7.$ CONSENTS

The following parties have given their written consent (which has not been withdrawn at the time of lodgement of this Prospectus with ASIC) in the following terms;

Solomon Brothers has given its consent to be named in this Prospectus and any electronic version of the Prospectus as solicitors of Tasman in the form and content in which it is named. Solomon Brothers has acted as corporate legal advisers to Tasman in accordance with its usual time based charges.

Solomon Brothers:

  • do not make this invitation:
  • have not authorised or caused the issue of this Prospectus or any part thereof; $\bullet$
  • do not make, or purport to make, any statement in this Prospectus, nor is any statement based upon a statement made by them, other than the respective references to their names; and
  • to the maximum extent permitted by law, expressly disclaim and take no responsibility for any part of this Prospectus other than the reference to its name.

9.6 ELECTRONIC PROSPECTUS

Pursuant to Class Order 00/044, ASIC has exempted compliance with certain provisions of the Corporations Act 2001 to allow distribution of an electronic prospectus and electronic application form on the basis of a paper prospectus lodged with ASIC, and the publication of notices referring to an electronic prospectus or an electronic application form, subject to compliance with certain conditions. If you have received this Prospectus as an Electronic Prospectus, you must ensure that you have received the entire Prospectus accompanied by the Application Form. If you have not, please e-mail the Company at [[email protected]] and the Company will send you, free of charge, either a hard copy or a further electronic copy of the Prospectus or both. Alternatively, you may wish to obtain a copy of the Prospectus from the Company's website at [www.tasmanresources.com.au/30 November 2004 Prospectus]. The Company reserves the right not to accept an Application Form from an Applicant if it has reason to believe that when that Applicant was given access to the electronic Application Form, it was not provided together with the Electronic Prospectus and any relevant supplementary or replacement Prospectus or any of those documents were incomplete or altered

$9.7$ EXPOSURE PERIOD

This Prospectus will be circulated during the Exposure Period. The purpose of the Exposure Period is to enable this Prospectus to be examined by market participants prior to the raising of funds. Potential investors should be aware that this examination may result in the identification of deficiencies in the Prospectus and, in those circumstances, any Application that has been received may need to be dealt with in accordance with section 724 of the Corporations Act 2001. Applications for New Shares (and accompanying Options) under this Prospectus will not be accepted by the Company until after the expiry of the Exposure Period. No preference will be conferred on persons who lodge Applications prior to the expiry of the Exposure Period.

SECTION 10: DISCLOSURE

CONTINUOUS DISCLOSURE AND DOCUMENTS AVAILABLE FOR $10.1.$ INSPECTION

The Company is listed on ASX and its Shares are quoted on ASX.

The Company is a "disclosing entity" for the purposes of Part 1.2A of the Corporations Act 2001. As such, it is subject to regular reporting and disclosure obligations. These obligations also require it to disclose to ASX any information of which it is, or becomes, aware concerning the Company and which a reasonable person would expect to have a material affect on the price or value of securities of the Company. Copies of documents lodged with ASIC may be obtained from, or inspected at, an ASIC office.

The Company believes that it has complied with the general and specific requirements of ASX (as applicable from time to time throughout the 12 months before the date of this Prospectus) which required the Company to notify ASX of information about specified events or matters as they arise for the purpose of ASX making that information available to the stock market conducted by ASX.

The Company will provide, free of charge, a copy of any of the following documents to any person who requests a copy during the period from the date of issue of this Prospectus and the time when applications under this Prospectus close (5.00 pm AWST on 21 December 2004).

  • the annual financial report for the year ended 30 June 2004 lodged with ASIC on 30 a) September 2004.
  • any half-year financial report lodged with ASIC after the annual report and before the $\mathbf{b}$ lodgement of this Prospectus; and
  • any continuous disclosure notices given by the Company after lodgement of the annual $\mathbf{c}$ ) report and before lodgement of this Prospectus.

The announcements lodged with ASX in relation to the Company between 30 June 2004 and the date of lodgment of this Prospectus are as set out in the table below:

ASX Announcement – Annual General Meeting Results 25 November 2004
ASX Announcement - Exploration Programme Update 25 November 2004
ASX Announcement - Change in Directors Interest 23 November 2004
ASX Announcement - Change in Directors Interest 23 November 2004
ASX Announcement - Exploration Programme Update 23 November 2004
ASX Announcement - New Share Issue 10 November 2004
ASX Announcement - Eden Energy Ltd - Completion of Seed
Capital Raising 8 November 2004
ASX Announcement - Quarterly Exploration & Activity Report
September 2004 29 October 2004
ASX Announcement - Annual General Meeting Notice and
Shareholder Letter 27 October 2004
ASX Announcement - Annual Report June 2004 27 October 2004
ASX Announcement - Change in Directors Interest 21 October 2004
ASX Announcement - Change in Directors Interest 21 October 2004
ASX Announcement - Media release - Chinese Hydrogen Project
ASX Announcement - Major Chinese Hydrogen Project 18 October 2004
ASX Announcement - Annual Financial Report 2004 18 October 2004
ASX Announcement - Media release - Expanded drilling 30 September 2004
programme
ASX Announcement - Exploration Programme Update 24 September 2004
ASX Announcement - Exploration Programme Update 24 September 2004
ASX Announcement - New Share Issue 21 September 2004
ASX Announcement - Exploration Programme Update 07 September 2004
ASX Announcement - Change in Directors Interest 06 September 2004
ASX Announcement - General Meeting Results 02 September 2004
ASX Announcement - New Share Issue 20 August 2004
ASX Announcement - Change in Directors Interest 09 August 2004
ASX Announcement - Quarterly Exploration & Activity Report 05 August 2004
June 2004
ASX Announcement - New Share Issue 30 July 2004
ASX Announcement - Change in Directors Interest 30 July 2004
ASX Announcement - Change in Directors Interest 29 July 2004
ASX Announcement - Change in Directors Interest 27 July 2004
ASX Announcement - Change in Directors Interest 27 July 2004
ASX Announcement - General Meeting Notice and Shareholder 27 July 2004
Letter
ASX Announcement - Change in Directors Interest 21 July 2004
ASX Announcement - Exploration Programme Update (PDF) 21 July 2004
(High Resolution)
ASX Announcement - Exploration Programme Update (PDF) 20 July 2004
(Low Resolution)
ASX Announcement - Eden Energy P/L - South Wales Energy
Joint Ventures
20 July 2004
08 July 2004

SECTION 11: MISCELLANEOUS INFORMATION

11.1. PRIVACY ACT

If you complete an Application Form for New Shares (and accompanying Options), you will be providing personal information to the Company (directly or to the Company's Share Registry). The Company collects, holds and will use that information to assess your application, service your needs as an Applicant, facilitate the distribution of payments and corporate communications to you as a security holder and carry out administration functions.

The information may also be used from time to time and disclosed to persons in the inspection of the Share Registry, bidders for your securities in the context of takeovers, regulatory bodies, including the Australian Taxation Office, authorised securities brokers, print service providers, mail houses and the Share Registry.

By submitting an Application Form, each Applicant agrees that the Company may use the information provided by a Applicant on the Application Form for the purposes set out above and may disclose it for those purposes to the Company's share registry and to the Company's related bodies corporate, agents and contractors and third party service providers, including mailing houses, professional advisers (e.g. auditors, lawyers and accountants), intellectual technology support providers and to other regulatory authorities.

The Corporations Act 2001 requires the Company to include information about each Shareholder (including name, address and details of the Shares held) in its public register. The information contained in the Company's public register must remain there even if that person ceases to be a Shareholder. Information contained in the Company's register is also used to facilitate payments and corporate communications (including the Company's financial results, annual reports and other information that the Company wishes to communicate to its Shareholders) and compliance by the Company with legal and regulatory requirements.

Under the Privacy Act, Shareholders have a right to gain access to personal information that the Company holds about that person, subject to certain exemptions under law. A fee may be charged for access. Access requests must be made in writing to the Company's registered office. Shareholders also have a right to correct and update the personal information which the Company hold about them.

Collection, maintenance and disclosure of certain personal information is governed by legislation including the Privacy Act 1988 (as amended), the Corporations Act 2001 and certain rules such as the SCH Business Rules. You should note that if you do not provide the information required on the Application Form, the Company may not be able to accept or process your application.

$11.2.$ WITHDRAWAL

The Directors any at any time decide to withdraw this Prospectus and the Offer. If this Prospectus and the Offer are withdrawn for any reason, Tasman will return all application money in accordance with the requirements of the Corporations Act 2001. The Company will be entitled to retain all interest that accrues on the bank account and each Applicant waives the right to claim interest.

11.3. ENQUIRIES

If you have any enquiries concerning the Offer, please contact the Company on (08) 9282 5889 or contact your stockbroker or financial adviser.

SECTION 12: AUTHORISATION

Each Director has consented in writing to the lodgement of this Prospectus with ASIC and has not withdrawn that consent.

Dated 30 November 2004

Toughan Robeman

Director: Douglas H Solomon

Application Form

TASMAN RESOURCES NL A.C.N. 009 253 187

This Application Form relates to a prospectus dated 30 November 2004 ("the Prospectus") pursuant to which the Company is inviting applications for subscription for up to 9,000,000 Shares at an issue price of 22 cents per Share.

Broker/Dealer Stamp

Share Registrar Use Only

Broker Code (office use)

PIN CHEOUE HERE (DO NOT STAPLE)

Adviser Code (office use)

Before completing this Application Form, you should read the Prospectus dated 30 November 2004 and the instructions overleaf. No applications will be accepted later than 5.00pm (AWST) 21 December 2004

PLEASE READ ALL INSTRUCTIONS ON THE REVERSE OF THIS FORM Division comments of Cong

в ме арргу тог Shares in Tasman Resources NL at 22 cents per Share
(with I free Option for every 4 Shares)
I/We lodge full application monies or such lesser number of Shares which may be allocated to me/us by the Directors.
\$ ٠ $\theta$ $\theta$ (Cheques to be payable to "Tasman Resources NL Float Account")
Full name (Title, given name(s) & surname or company name)
Joint applicant # 2
Joint applicant #3
Postal address
Street number Street name
Suburb/town State Post code
Contact name Home telephone number Work telephone number
ACN/ARBN (for companies only) E-mail address
Tax file number or exemption Applicant $#2$ Applicant #3
Cheque details
Drawer Bank Branch Amount of cheque
DECLARATION

I/We declare that by lodging this Application Form, I/we represent and acknowledge that I/we have received, read and understood the Prospectus to which $\mathbf{L}$ this Application Form relates. I/We hereby authorise the Company to complete and execute any document necessary to effect the allotment and issue of any Shares and Options to me/us.

$\overline{2}$ . By lodging this Application Form, I/we declare that this application is completed and lodged according to the Prospectus and that all statements made by me/us are complete and accurate.

I/We also declare that this Application Form is completed according to this declaration and agree to be bound by the terms and conditions set out in the $\mathcal{R}$ Prospectus and the Constitution of Tasman Resources NL. $\sim$

I/We acknowledge that returning the Application Form with the application monies will constitute my/our offer to subscribe for Shares and Options in $\mathbf{A}$ Tasman and that no notice of acceptance of the application will be provided.

NO SIGNATURE IS REQUIRED

TO MEET THE REQUIREMENTS OF THE CORPORATIONS ACT, THIS FORM MUST NOT BE HANDED TO ANY PERSON UNLESS IT IS ATTACHED TO OR ACCOMPANIED BY THE PROSPECTUS DATED 30 NOVEBMER 2004

TREATMENT OF APPLICATION

The return of an Application Form with your cheque for the application money will constitute your offer to purchase or subscribe for Shares and Options. If your Application Form is not completed correctly, or if the accompanying payment is for the wrong amount, it may still be treated as valid.

The decision of the Company as to whether to treat your application as valid, and how to construe, amend or complete it, shall be final. The decision on the number of Shares and Options to be allocated to you shall also be final. You will not, however, be treated as having offered to purchase more Shares and Options than is indicated on the Application Form.

Investors whose application are not accepted, or are Accepted in respect of a lower number of Shares and Options than the number applied for, will receive a refund of all or part of their application money without interest, as applicable.

CORRECT FORMS OF REGISTRABLE NAMES

Only legal entities may be registered as holders of the Shares and Options. Applications must be in the full name(s) of natural persons, companies or other legal entities. Shares and Options cannot be registered in the name of a trust and no trust can be implied. The name of a beneficiary or any other registrable name may be included by way of account description if completed exactly as described in the examples of correct forms of registrable names below.

TYPE OF INVESTOR CORRECT FORM EXAMPLES OF INCORRECT FORM
Individuals
Give full name - not initials JOHN FRED WILLIAMS N.F. Williams
Persons under the age of 18
Do not use the name of the minor, use MICHAEL JOHN WILSON & Andrew Wilson
$name(s)$ of parent(s)/guardian(s) SARAH JANE WILSON
Companies
Use company title, not abbreviations JOHN WILLIAMS PTY LTD J. Williams Co.
John Williams R/L
Trusts
Do not use the name of the trust, use JOHN FRED WILLIAMS John Williams Family Trust.
name(s) of trustee(s)
Deceased Estates
Do not use the name of deceased, use JANE MARY MCDONALD Estate of the Late John Smith
personal names of executor(s)
Partnerships
Do not use the name of partnership, SARAH JANE WILSON & Sarah Wilson & Son
use personal names of partners MICHAEL JOHN WILSON
Clubs/Unincorporated Bodies
Do not use name of clubs etc, use JOHN FRED WILLIAMS ABC Tennis Association
personal names of office bearer(s)
Superannuation Fund
Do not use name of fund use name(s) SARAH WILSON PTY LTD Sárah Wilson Pty Ltd
of trustee(s) /Superannuation Fund

How to complete the Application Form

Please complete all relevant sections of the Application Form in BLOCK LETTERS. These instructions are cross-referenced to each section of the Form.
A Insert the Number of Shares you wish to apply for in Section A. The application must be for a minimum of 10,000 Shares and thereafter must be in multiples of
.000 Shares.
B Insert your application money be multiplying the number of Shares by 22 cents per share in Section B.
$\epsilon$ Enter the Full Name(s) and Title(s) of all legal entities that are to be recorded as the registered holder(s) of the Shares. You should refer to the back of the
Application Form for the correct forms of name which can be registered. Applications using the wrong form of name may be rejected.
Up to three joint Applicants may register. An account designation may be entered on the last line of this section. It should be contained within $\sim$ brackets with
A/C at the end eg .
$\mathbf{D}$ Enter your Postal Address for all correspondence. All communications to you from Tasman Resources NL will be mailed to the person(s) and address as
shown. For joint applications, only one address can be entered.
E Please insert your Telephone Number(s) and contact name in case there are irregularities with your application.
ுட் If the applicant is a company, insert A.C.N. or A.R.B.N.
$\mathbf{G}$ Enter the tax file number(s) of the applicants. With a joint holding, only the tax file number of two holders are required.
и Make your cheque(s) or bank draft(s) payable to "Tasman Resources NL Float Account" in Australian currency. Your cheque(s) or bank draft(s) must
be drawn on an Australian bank.
Attach your cheque(s) or bank draft(s) to the Application Form where indicated.
Complete the details of your cheque(s) or bank draft(s) in this section,
LODGEMENT OF APPLICATIONS
Insert your Application Form and cheque(s) or bank draft(s) and mail or deliver your complete application to:
Tasman Resources NL
Level 40 Exchange Plaza
2 The Esplanade, Perth WA 6000
Applications must be received at the above address by 5.00pm AWST on 21 December 2004 (subject to the right of the Company to close the Offer
early).