Tasman Resources NL Tasman Resources NL A Major South Australian Uranium Opportunity Presentation by: Greg Solomon , LLB Greg Solomon Executive Chairman 30 th March 2006
Tasman Resources NL Tasman Resources NL Corporate Structure Corporate Structure Tasman Resources NL Tasman Resources NL 100% 41% 100% 41% Eden SA Eden SA Energy Energy Minerals Minerals Projects: SA Geothermal Projects: SA Geothermal Lake Torrens – – I OCG I OCG- -Uranium Uranium Hydrogen/ Hythane Lake Torrens Hydrogen/ Hythane Central Gawler – – Uranium, Uranium, Gold & Nickel Gold & Nickel Natural Gas Central Gawler Natural Gas Parkinson Dam – – Gold, Silver, Gold, Silver, Uranium Uranium Coal Bed Methane Parkinson Dam Coal Bed Methane
Tasman Resources NL Tasman Resources NL Strong Uranium Focus Strong Uranium Focus 5800 km 2 U prospective holdings in SA (total 9400km 2 ) • • 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 operations
Tasman Resources NL Tasman Resources NL Australian Uranium Resources Australian Uranium Resources
Tasman Resources NL Tasman Resources NL Regional Geology with Tasman’s Tenements Regional Geology with Tasman’s Tenements
Tasman Resources NL Tasman Resources NL LAKE TORRENS PROJECT LAKE TORRENS PROJECT I RON OXI DE-COPPER-GOLD-URANI UM TARGETS
Tasman Resources NL Tasman Resources NL I OCG- -U Simplified Geological Model U Simplified Geological Model I OCG
Tasman Resources NL Tasman Resources NL 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- -U Deposits and Gravity U Deposits and Gravity I OCG
Tasman Resources NL Tasman Resources NL Some of the I dentified I OCG- -U Targets U Targets Some of the I dentified I OCG
Tasman Resources NL Tasman Resources NL Titan: I OCG- -U System U System Titan: I OCG Gravity Magnetics Gravity Magnetics Drill hole Drill hole
TI6 TI2 TI6 TI2 Titan Breccias Titan Breccias Tasman Resources NL Tasman Resources NL
Tasman Resources NL Tasman Resources NL 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 Phillipson Lake Garford Palaeochannel Challenger Gold Mine Wynbring Palaeochannel Warrior Uranium Deposit 20 40 0 Tarcoola kilometres
Tasman Resources NL Tasman Resources NL Wynbring Wynbring • + 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
Tasman Resources NL Tasman Resources NL Wynbring Palaeochannel I nterpretation Wynbring Palaeochannel I nterpretation
Tasman Resources NL Tasman Resources NL Wynbring PNC Drill Hole Cross Section Wynbring PNC Drill Hole Cross Section 300cps
Tasman Resources NL Tasman Resources NL Garford Channel Garford Channel • + 80km of potential uranium bearing palaeochannel • Similar geological setting to Wynbring and Warrior • No previous uranium exploration • Geophysics and Drilling in 2006
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
Tasman Resources NL Tasman Resources NL 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)
Tasman Resources NL Tasman Resources NL Tenement Areas - - SA Uranium Companies SA Uranium Companies Tenement Areas
Tasman Resources NL Tasman Resources NL SA Company Comparison SA Company Comparison Toro Energy • 26,000km 2 • $18M IPO (180% oversubscribed) • $191M market cap. (27-3-06) Hindmarsh Resources • 9500km 2 • $19.7M takeover valuation • $25M market cap. Tasman Resources • 5800km 2 U (9800km 2 in total) • $13M market cap.
Tasman Resources NL Tasman Resources NL Corporate Details (27- -3 3- -06) 06) Corporate Details (27 ASX Code: TAS 104M Shares: $ 0.125 Share Price: $ 13M Market Cap:
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