Vulcan The Next Olympic Dam? Tasman Group Corporate Overview - - PowerPoint PPT Presentation

Vulcan The Next Olympic Dam?

Tasman Group Corporate Overview Tasman Group Corporate Overview

Eden Energy Ltd Eden Energy Ltd (EDE) (EDE) Fission Energy Ltd Fission Energy Ltd (FIS)

Hydrogen & Hythane Hydrogen & Hythane Pyrolysis Pyrolysis Coal Bed Methane Coal Bed Methane SA Natural Gas SA Natural Gas Geothermal Energy Geothermal Energy

Mt Thirsty Co-Ni

Minerals

Cu, Au, U, Ag, Pb, Zn, Ni , Oil Shale

17.8%* 17.8%*

50% 50% 100% 100% 50% 50% 100% 100% 100% 100%

* = fully diluted

28.1%* 28.1%*

50% 50%

Uranium – SA, WA

100% 100%

Tasman Resources Ltd Tasman Resources Ltd

(TAS)

Tasman Resources: Project Locations Tasman Resources: Project Locations

Mirrica: Au, Cu/Zn/Pb

Lake Torrens: IOCGU

Parkinson Dam: Au/Ag/Zn/Pb Central Gawler: Au, Ni Streaky Bay: U

Lake Torrens Project Lake Torrens Project

• Over 2,000 km2 of tenements adjacent to Olympic Dam
• Several IOCGU systems confirmed and interpreted:

Vulcan, Titan – confirmed; Zeus - interpreted Billy Barnes, Atlas, Marathon Sth. – IOCGU prospects

• Vulcan - new IOCGU system discovered Nov.2009 from

870m depth in initial drill hole VUD001:

• similar dimensions to Olympic Dam, 30km to south
• virtually untested gravity anomaly (>15km2)
• >10km interpreted hematite rich target strike length
• IOCGU mineralisation and metal association confirmed
• typical hematite breccia (+ cpy, py, carbonate)
• IOCGU mineralisation at Titan (inc. 334m @ 0.1% Cu)

Olympic Dam

• World’s largest IOCGU deposit (350 to 1000m depth)

worlds largest known uranium deposit ~ 2.54mt contained U3O8 (~40% of world U3O8 ) worlds fourth largest copper deposit: ~79mt contained Cu world’s fifth largest gold deposit: ~79moz Au

• Australia’s largest hard rock mine
• Total Resources: 9.08 billion tonnes @ 0.87% Cu, 0.28kg/t U3O8,

0.31g/t Au, 1.5g/t Ag

• Ore Reserves: 589 million tonnes @ 1.81% Cu, 0.6kg/t U3O8, 0.5g/t

Au

Lake Torrens Project Lake Torrens Project

Lake Torrens Project: Targets Lake Torrens Project: Targets

Vulcan: S Vulcan: S-

• N Seismic Reflection Profile

N Seismic Reflection Profile

Cover Sediments

Basement

Strong Seismic Reflectors in Basement – IOCGU?

SHD 1

Geoscience Australia – PIRSA 2003 Traverse OD 1

S N VUD 001

Olympic Dam: W Olympic Dam: W-

• E Seismic Reflection Profile

E Seismic Reflection Profile

Basement Cover Sediments

Seismic Reflectors in Basement (Olympic Dam Breccia Complex, SE limb) W E

Geoscience Australia – PIRSA 2003 Traverse OD 2

Vulcan Gravity

Residual Gravity Image and 0.1mgal Bouger Gravity Contours

VUD001

SHD1

Vulcan Drill Target

Vulcan: Schematic Cross Section A - B

Olympic Dam: Initial Drilling

Olympic Dam – Vulcan: Area Comparison

OD breccia complex

• approx. 10km2

Vulcan interpreted gravity (hematite-rich) target approx. 11km2 2km 2km Olympic Dam Vulcan

Olympic Dam - Vulcan: Residual Gravity Comparison

(calculated residual gravity response if Vulcan at same depth as OD)

Olympic Dam Vulcan

2km 2km

Vulcan Vulcan – – Carapateena: Bouguer Gravity Comparison Carapateena: Bouguer Gravity Comparison

Vulcan Carapateena

Vulcan Drill Core: VUD 001

NQ Drill Core: depth approx. 928m

Vulcan VUD 001: Breccia Styles

Mineralised, hematite matrix- rich breccia (py, cpy) Heterolithic, carbonate breccia (py, cpy, hem) Heterolithic, sulphide- rich breccia

VUD 001: Copper Mineralisation

hem cpy py

VUD 001: Copper Mineralisation

cpy hem carb

Vulcan VUD 001: Down-hole correlation of IOCGU metals

Cu Au Cu U3O8

Cover Sediments Basement Cover Sediments Basement

Vulcan Project: Exploration Program

• Gravity infill and modelling completed
• VUD001 – assaying/ geological interpretation completed
• IOCGU deposit model confirmed based on latest data
• Follow up drilling underway May - June 2010
• Resolve aboriginal heritage issues over southern portion
• f gravity target

Regional Targets: Zeus

Parkinson Dam Gold Parkinson Dam Gold – – Silver Project Silver Project

Parkinson Dam Parkinson Dam – – High Grade Mineralisation High Grade Mineralisation

• PD 63: 21m @ 21g/t Au,

83g/t Ag (inc 9m @ 31g/t Au, 152 g/t Ag)

• Classic epithermal veining
• Gold (electrum ~ 35% Ag)
• PD 64: 3m @ 18.1% Pb,

1.1% Zn, 44.2g/t Ag

• Epithermal mineralisation

> 4.5 km2

Parkinson Dam: High Grade Au/Ag plus Zn/Pb Parkinson Dam: High Grade Au/Ag plus Zn/Pb

PD 63 - high grade Au/Ag Multiple Zones of thick Zn/Pb (Ag), e.g. *50m @ 0.9% Zn, 0.3% Pb *185m+ @ 0.3% Zn, 0.1% Pb Vector pointing towards higher grades to be drilled

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 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

• n their information in the form and context in which it appears.

Competent Person Competent Person’ ’s Statement s Statement

Disclaimer 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.