A Promising Year Ahead - Tasman Resources ASX... · •Untested targets at Marathon Sth, Zeus,...

34
A Promising Year Ahead A Promising Year Ahead Greg Solomon and Rob Smith Greg Solomon and Rob Smith October 2009 October 2009

Transcript of A Promising Year Ahead - Tasman Resources ASX... · •Untested targets at Marathon Sth, Zeus,...

Page 1: A Promising Year Ahead - Tasman Resources ASX... · •Untested targets at Marathon Sth, Zeus, Billy Barnes, Atlas. Lake Torrens Project: Targets. ... KOCHI years) Courtesy of Gas

A Promising Year AheadA Promising Year Ahead

Greg Solomon and Rob SmithGreg Solomon and Rob Smith

October 2009October 2009

Page 2: A Promising Year Ahead - Tasman Resources ASX... · •Untested targets at Marathon Sth, Zeus, Billy Barnes, Atlas. Lake Torrens Project: Targets. ... KOCHI years) Courtesy of Gas

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%

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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

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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

Page 5: A Promising Year Ahead - Tasman Resources ASX... · •Untested targets at Marathon Sth, Zeus, Billy Barnes, Atlas. Lake Torrens Project: Targets. ... KOCHI years) Courtesy of Gas

Lake Torrens Project: TargetsLake Torrens Project: Targets

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Lake Torrens ProjectLake Torrens Project

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Bouguer Gravity ComparisonBouguer Gravity Comparison

Vulcan Carapateena

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Tasman Resources: Vulcan ProspectTasman Resources: Vulcan Prospect

3-D Geophysical Model (UBC)

Red = dense

Yellow = magnetic

Page 9: A Promising Year Ahead - Tasman Resources ASX... · •Untested targets at Marathon Sth, Zeus, Billy Barnes, Atlas. Lake Torrens Project: Targets. ... KOCHI years) Courtesy of Gas

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

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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

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Parkinson Dam LocationParkinson Dam Location

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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

Page 13: A Promising Year Ahead - Tasman Resources ASX... · •Untested targets at Marathon Sth, Zeus, Billy Barnes, Atlas. Lake Torrens Project: Targets. ... KOCHI years) Courtesy of Gas

Parkinson Dam: GoldParkinson Dam: Gold--Silver MineralisationSilver Mineralisation

Free gold (electrum) associated with epithermal quartz and haematite

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Parkinson Dam: Recent DrillingParkinson Dam: Recent Drilling

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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

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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

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Mt Thirsty JV: CoMt Thirsty JV: Co--NiNi--Mn Oxide DepositMn Oxide Deposit

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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

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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

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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.

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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

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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

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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

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First Public Indian Hythane® StationFirst Public Indian Hythane® StationBuilt by Hythane Co Built by Hythane Co -- Delhi 2009Delhi 2009

October 09 26October 09 26

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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

Page 28: A Promising Year Ahead - Tasman Resources ASX... · •Untested targets at Marathon Sth, Zeus, Billy Barnes, Atlas. Lake Torrens Project: Targets. ... KOCHI years) Courtesy of Gas

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

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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)

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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

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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

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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.

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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.

Page 34: A Promising Year Ahead - Tasman Resources ASX... · •Untested targets at Marathon Sth, Zeus, Billy Barnes, Atlas. Lake Torrens Project: Targets. ... KOCHI years) Courtesy of Gas

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