Tasman Resources NL Tasman Resources NL A Major South Australian - - PowerPoint PPT Presentation

A Major South Australian Uranium Opportunity

Presentation by:

Greg Solomon Greg Solomon, LLB

Executive Chairman 30th March 2006

Tasman Resources NL Tasman Resources NL

Tasman Resources NL Tasman Resources NL

Corporate Structure Corporate Structure

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SA SA Minerals Minerals

Eden Eden Energy Energy

100% 100% 41% 41%

Projects: Projects: Lake Torrens Lake Torrens – – I OCG I OCG-

• Uranium

Uranium Central Gawler Central Gawler – – Uranium, Uranium, Gold & Nickel Gold & Nickel Parkinson Dam Parkinson Dam – – Gold, Silver, Gold, Silver, Uranium Uranium SA Geothermal SA Geothermal Hydrogen/ Hythane Hydrogen/ Hythane Natural Gas Natural Gas Coal Bed Methane Coal Bed Methane

Tasman Resources NL Tasman Resources NL

Strong Uranium Focus Strong Uranium Focus

• 5800 km2 U prospective holdings in SA (total 9400km2)
• Adjoin known U deposits (Olympic Dam & Warrior) with

same geology

• 7 IOCG-U targets within 30km of Olympic Dam
• + 100km of U prospective palaeochannels on Central

Gawler Craton

• Ore grade U rock chip at Parkinson Dam and untested soil

radon target ready to drill in June/ July 2006

Tasman Resources NL Tasman Resources NL

Experienced Exploration Team Experienced Exploration Team

• 3 Senior Geologists
• Combined 28 years experience in uranium geology and

exploration with WMC, CRAE and Urangesellschaft

• Combined 80 years experience in exploration and mining
• perations

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Australian Uranium Resources Australian Uranium Resources

Tasman Resources NL Tasman Resources NL

Regional Geology with Tasman’s Tenements Regional Geology with Tasman’s Tenements

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LAKE TORRENS PROJECT LAKE TORRENS PROJECT

I RON OXI DE-COPPER-GOLD-URANI UM TARGETS

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I OCG I OCG-

• U Simplified Geological Model

U Simplified Geological Model

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Lake Torrens Project Lake Torrens Project

• 7 IOCG-U targets/gravity anomalies identified

within 30km of Olympic Dam (42% of world’s uranium resource)

• Hematite breccias intersected at Titan and

Marathon South

• Only very limited drill testing to date
• Follow up drilling in 2006

Tasman Resources NL Tasman Resources NL

I OCG I OCG-

• U Deposits and Gravity

U Deposits and Gravity

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Some of the I dentified I OCG Some of the I dentified I OCG-

• U Targets

U Targets

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Titan: I OCG Titan: I OCG-

• U System

U System

Gravity Gravity Magnetics Magnetics

Drill hole Drill hole

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TI6 TI6 TI2 TI2

Titan Breccias Titan Breccias

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Marathon South Gravity and Breccias Marathon South Gravity and Breccias

Tasman Resources NL Tasman Resources NL

CENTRAL GAWLER PROJECT CENTRAL GAWLER PROJECT

SANDSTONE - HOSTED (PALAEOCHANNEL) URANI UM TARGETS

Tasman Resources NL Tasman Resources NL

Central Gawler Palaeochannels: Central Gawler Palaeochannels: Facies Model for Uranium Mineralisation Facies Model for Uranium Mineralisation

Simplified after Hou, Frakes & Alley, PIRSA 2001

Tasman Resources NL Tasman Resources NL

Tasman Gawler Craton Uranium Prospects Tasman Gawler Craton Uranium Prospects

kilometres

20 40

Tarcoola

Challenger Gold Mine Warrior Uranium Deposit Garford Palaeochannel Wynbring Palaeochannel

Lake Phillipson

Tasman Resources NL Tasman Resources NL

• + 40km of palaeochannel
• Warrior uranium deposit within adjacent

palaeochannel 15km to SE

• Significant radiometric anomalies in 1980’s drilling at

shallow depth at southern end of Tasman EL

• Anomalies associated with carbonaceous/pyritic

sediments & lignites at redox interface as at Warrior

• 95% of palaeochannel untested
• Drilling in 2006

Wynbring Wynbring

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Wynbring Palaeochannel I nterpretation Wynbring Palaeochannel I nterpretation

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Wynbring PNC Drill Hole Cross Section Wynbring PNC Drill Hole Cross Section

300cps

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• + 80km of potential uranium bearing palaeochannel
• Similar geological setting to Wynbring and Warrior
• No previous uranium exploration
• Geophysics and Drilling in 2006

Garford Channel Garford Channel

Tasman Resources NL Tasman Resources NL

Parkinson Dam (Wartaka) Project Parkinson Dam (Wartaka) Project

• Unconformity related (base of Corunna Formation)
• 970ppm U in single rock chip sample

– torbernite: Cu-U phosphate (PNC, 1982)

• Soil radon anomaly (5x background, PNC)

associated with base of Corunna Formation

• Drill target identified (PNC) at unconformity
• Drilling mid-2006

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Other Applicable U Exploration Models Other Applicable U Exploration Models

LAKE TORRENS PROJECT LAKE TORRENS PROJECT

• Unconformity-related (base of Pandurra Fmn)
• Sandstone-hosted (Eromanga Basin/CadnaOwie Fmn)

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Tenement Areas Tenement Areas -

• SA Uranium Companies

SA Uranium Companies

Tasman Resources NL Tasman Resources NL

SA Company Comparison SA Company Comparison

Toro Energy

• 26,000km2
• $18M IPO (180% oversubscribed)
• $191M market cap. (27-3-06)

Hindmarsh Resources

• 9500km2
• $19.7M takeover valuation
• $25M market cap.

Tasman Resources

• 5800km2 U (9800km2 in total)
• $13M market cap.

Tasman Resources NL Tasman Resources NL

Corporate Details (27 Corporate Details (27-

• 3

3-

• 06)

06)

ASX Code: TAS Shares:

104M

Share Price:

$ 0.125

Market Cap:

$ 13M