a promising year ahead - tasman resources asx... · •untested targets at marathon sth, zeus,...
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A Promising Year AheadA Promising Year Ahead
Greg Solomon and Rob SmithGreg Solomon and Rob Smith
October 2009October 2009
Tasman Group Corporate OverviewTasman Group Corporate Overview
Eden Energy LtdEden Energy Ltd Fission Energy LtdFission Energy Ltd
MineralsAu, Ag, Cu, Ni,
Pb, Zn, U , Oil Shale
18.1%*18.1%* 28.6%*28.6%*
Tasman Resources LtdTasman Resources Ltd(TAS)
Eden Energy LtdEden Energy Ltd
(EDE)(EDE)Fission Energy LtdFission Energy Ltd
(FIS)
Hydrogen & HythaneHydrogen & Hythane
PyrolysisPyrolysis
Coal Bed MethaneCoal Bed Methane
SA Natural GasSA Natural Gas
Geothermal EnergyGeothermal Energy
Mt Thirsty Co-Ni50%50%
100%100%
50%50%
100%100%
100%100%
* = fully diluted
50%50%
Uranium – SA, WA
100%100%
Tasman Resources: Project LocationsTasman Resources: Project Locations
Julia Creek: Oil Shale
Mirrica: Au, Cu/Zn/Pb
Lake Torrens: IOCGULake Torrens: IOCGU
Parkinson Dam:
Au/Ag/Zn/Pb
Central Gawler: Au, Ni
Streaky Bay: U
Lake Torrens ProjectLake Torrens Project
• 2,007 km2 of tenements adjacent to
Olympic Dam
• High quality target at Vulcan – drilling
October 2009October 2009
• IOCGU mineralisation at Titan (inc.
334m @ 0.1% Cu)
• Untested targets at Marathon Sth, Zeus,
Billy Barnes, Atlas
Lake Torrens Project: TargetsLake Torrens Project: Targets
Lake Torrens ProjectLake Torrens Project
Bouguer Gravity ComparisonBouguer Gravity Comparison
Vulcan Carapateena
Tasman Resources: Vulcan ProspectTasman Resources: Vulcan Prospect
3-D Geophysical Model (UBC)
Red = dense
Yellow = magnetic
Vulcan: SVulcan: S--N Seismic Reflection ProfileN Seismic Reflection Profile
Cover Sediments
Basement
SHD 1S NProposed Drill Hole
Basement
Strong Seismic
Reflectors in Basement
– IOCGU?
Geoscience Australia – PIRSA 2003 Traverse OD 1
Olympic Dam: WOlympic Dam: W--E Seismic Reflection ProfileE Seismic Reflection Profile
Basement
Cover Sediments
W E
Seismic Reflectors in
Basement (Olympic Dam
Breccia Complex, SE limb)
Geoscience Australia – PIRSA 2003 Traverse OD 2
Parkinson Dam LocationParkinson Dam Location
Parkinson Dam Parkinson Dam –– High Grade MineralisationHigh 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)• Gold (electrum ~ 35% Ag)
• PD 64: 3m @ 18.1% Pb,
1.1% Zn, 44.2g/t Ag
• Epithermal mineralisation
> 4.5 km2
Parkinson Dam: GoldParkinson Dam: Gold--Silver MineralisationSilver Mineralisation
Free gold (electrum) associated with epithermal quartz and haematite
Parkinson Dam: Recent DrillingParkinson Dam: Recent Drilling
Parkinson Dam: High Grade Au/Ag plus Zn/PbParkinson 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*50m @ 0.9% Zn, 0.3% Pb
*185m+@ 0.3% Zn, 0.1% Pb
Vector pointing towards
higher grades to be drilled
Julia Creek Oil Shale Project, QldJulia Creek Oil Shale Project, Qld
• EPM Applications 1800km2 over Toolebuc Formation
• Shallow, potentially open-pittable areas selected
• Reported conventional oil shale yields 65-75 l/t
• Extract developing higher yielding hydrogenation process
Mt Thirsty JV: CoMt Thirsty JV: Co--NiNi--Mn Oxide DepositMn Oxide Deposit
Mt Thirsty: JORC Mt Thirsty: JORC -- Compliant ResourcesCompliant Resources
Mt Co Ni Mn
Indicated 14.8 0.14% 0.59% 0.99%
Inferred 14.2 0.11% 0.52% 0.77%
Total 29.0 0.14% 0.56% 0.88%
Contained Metal 40,600t 162,400t 255,200t
Mt Thirsty: World Class Cobalt Potential
World Annual Cobalt Production 2007
Total Supply 53,700t
3,700t4,500
6,000
7,500
9,000
10,500
12,000
13,500
To
nn
es
Co
ba
lt
3,700t
0
1,500
3,000
4,500
BH
P B
illiton
, Au
stralia
CT
T, M
oro
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o
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ussia
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elg
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Va
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orw
ay
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, Au
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So
uth
Afric
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Mt T
hirsty
(An
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first
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To
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Mt Thirsty NiMt Thirsty Ni--S Exploration: Diamond DrillingS Exploration: Diamond Drilling
Note: Assays for MTDD008 are spot results using a Niton XLT 592 portable analyser. They are not a substitute for
conventional laboratory analyses.
Products and ProjectsProducts and Projects
• Hythane®- a hydrogen enriched premium blend
of natural gas – India and US
• OptiBlend Dual Fuel – diesel gensets -India/ US• OptiBlend Dual Fuel – diesel gensets -India/ US
• Hydrogen/ Solid Carbon technology- UQ JV
• CBM, NG and Shale Gas- UK/ SA
• Geothermal – South Australia
PHOOLPUR
BAREILLYDELHI
AGARTALA
KANPUR
LUCKNOW
PATNA
AGRA
JHANSI
FARIDABAD
VARANASIJODHPUR
JHARIA
GURGAON
NOIDA
ALLAHABAD
MATHURA
GWALIORKOTA
SILCHAR
LUDHIANA
GHAZIABAD
PANIPAT
CHANDIGARH
AMRITSAR
JAIPUR
UDAIPUR NEEMRANA-
BHIWADI
GAIL CITY GAS / CNG
• Growth From Existing
Cities to 28 Cities
• More Cities as Pipelines
Reach New Areas
• Target - 230 Cities (5-10
October 09 24
City Gas/ CNGExisting (8 cities)
Planned (28 Cities)
AGARTALA
AHMEDABAD
RAJKOT
UJJAIN
MUMBAI
HYDERABAD
PUNE
SHOLAPUR
BANGALORE
CHENNAI
KOLKOTA
RAJMUNDARY
VIJAYWADA
VADODRA
NAVI MUMBAI
THANE
INDORE
SURENDRANAGAR
KOCHI
• Target - 230 Cities (5-10
years)
Courtesy of Gas Authority of India
Eden Energy LtdEden Energy Ltd-- Market ProgressMarket Progress
India
Hydrogen Roadmap/Hythane standards- completed
Indian Oil-1st Public Hythane Station- completed
Ashok Leyland –Hythane Bus engines- part completed
Larsen & Toubro- Indian reformer- completed
GSPC- Hythane 50 bus demonstration- 2010GSPC- Hythane 50 bus demonstration- 2010
GAIL/ MGL-Hythane 50 bus demonstration- 2010
Mahindra & Mahindra- Hythane SUV- 2010
Williamson Magor- 3 dual fuel kits- 2009
USA
BAF- Ford E450 Hythane engine conversion- completed
San Francisco Airport- Hythane station/27 shuttle buses- 2010
First Public Indian Hythane® StationFirst Public Indian Hythane® StationBuilt by Hythane Co Built by Hythane Co -- Delhi 2009Delhi 2009
October 09 26October 09 26
Production of HProduction of H22 and Carbon Nanotubes and GTLand Carbon Nanotubes and GTL
� 50%- JV with UQ - 2 New processes
� 4 Patents applied for Pyrolysis and GTL
� Pyrolysis
- No CO2 –Produces carbon nanotubes, carbon fibres and HH22 as byproduct
- tensile strength <200-300 times steel
October 09 27
- tensile strength <200-300 times steel
- approx 17% the weight of steel
- great electrical / structural qualities
- replacement for steel/aluminum in vehicles, aircraft and other applications
JV with Indian major under negotiation
� GTL- ARC Grant for $500,000 for development
Energy AssetsEnergy Assets
• 17 PEDLs in S Wales, Bristol and Kent
- 50% Joint venture -14 PEDLs
(Licences)
- 50% Farm-in -3 PEDLs- Shale/
Conventional
- 5% Joint venture -4 PEDLs- CSM
COAL SEAM METHANE/ CONVENTIONAL GAS (WALES, UK)
28
- 5% Joint venture -4 PEDLs- CSM
• Modelled on Appalachian Trend in USA
• - Coal Seam Methane 380-670bcf (3
PEDLs)
- Abandoned Mine Methane
- Conventional Natural Gas
- Shale Gas
• Total area 1800km2
• Digitised Welsh coal mine data
• High UK Gas Prices28
Energy AssetsEnergy Assets
NATURAL GAS (SOUTH AUSTRALIA)
Location: Proximal to Olympic Dam Seismic Reflection Profile
October 09 29October 09 29
� Drill target identified
� Intention to combine with CSM in
new gas company
� Drilling within next 18 months
� Proterozoic age, but very close to huge
industrial gas market (Olympic Dam)
Energy AssetsEnergy Assets
TERRATHERMA LTD
(GEOTHERMAL)
SOUTH AUSTRALIA
�4 project areas, 15 licences/
applications
October 09 30October 09 30
applications
�GEL 185-adjacent to Geodynamics
�GEL 185- JV with Origin Energy-
$1m + $500k expenditure for 70%.
�Planned float of Terratherma on the
ASX
Corporate Structure and Asset ValuesCorporate Structure and Asset ValuesTasman Issued SecuritiesListed shares TAS - 160,708,198
Listed Options- TASO- 20c- 31/12/ 09- 30,131,775
Listed Options- TASOB- 10c- 30/6/ 12- 20,612,633
Unlisted Options- Employees- 4,074,804
Major ShareholdersMajor ShareholdersArkenstone Pty Ltd- 18.43% fully diluted
March Bells Pty Ltd- 18.23% fully diluted
Share and Option HoldingsEden- EDE- 35,121,988- $3.5m ( at 10c) = 2.1c/share
Fission- FIS- 25,000,000- $3.75m ( at 15c )= 2.3c/share
Fission- FISO- 25,000,000- $1m ( at 4c) = 0.6c/share
Total = 5c/share
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
Competent Person’s StatementCompetent Person’s Statement
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.
DisclaimerDisclaimer
The interpretations and conclusions reached in this presentationare based on current geological theory and the best evidenceavailable to the authors at the time of writing. It is the nature ofall scientific conclusions that they are founded on anassessment of probabilities and, however high theseprobabilities might be, they make no claim for completecertainty. Any economic decisions that might be taken on thebasis of interpretations or conclusions contained in this reportbasis of interpretations or conclusions contained in this reportwill therefore carry an element of risk.
It should not be assumed that the reported Exploration Resultswill result, with further exploration, in the definition of aMineral Resource.
Tasman Resources Ltd
Level 40 Exchange Plaza,
2 The Esplanade,2 The Esplanade,
Perth. WA
Australia 6000
Tel- +61 8 9282 5889
Fax + 61 8 9282 5966
Email: [email protected]
www.tasmanresources.com.au