Reported Earnings • Mar 18
First half 2026 earnings released: EPS: AU$0.055 (vs AU$0.002 loss in 1H 2025) First half 2026 results: EPS: AU$0.055 (up from AU$0.002 loss in 1H 2025). Revenue: AU$20.0m (up AU$18.7m from 1H 2025). Net income: AU$18.5m (up AU$20.1m from 1H 2025). Profit margin: 92% (up from net loss in 1H 2025). The move to profitability was primarily driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 72% per year but the company’s share price has only increased by 8% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Feb 05
Insider recently bought AU$242k worth of stock On the 30th of January, Daniel Raihani bought around 5m shares on-market at roughly AU$0.046 per share. This transaction amounted to 19% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth AU$588k. Insiders have collectively bought AU$923k more in shares than they have sold in the last 12 months. Annuncio • Nov 28
Tasman Resources Ltd Announces Board Changes Tasman Resources Ltd. at the AGM held on 28 November 2025 confirmed the appointment of Mr. Louis Varrasso as Non-Executive Director, with Mr. Guy Le Page resigning as a Non-Executive Director in order to focus on other business interests. Annuncio • Oct 29
Tasman Resources Ltd, Annual General Meeting, Nov 28, 2025 Tasman Resources Ltd, Annual General Meeting, Nov 28, 2025. Location: at the offices of the company, level 15, 197 st georges terrace, perth, western australia Australia Annuncio • Oct 21
Tasman Resources Ltd has filed a Follow-on Equity Offering in the amount of AUD 2 million. Tasman Resources Ltd has filed a Follow-on Equity Offering in the amount of AUD 2 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 40,064,725
Price\Range: AUD 0.0125
Discount Per Security: AUD 0.00075
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 27,935,275
Price\Range: AUD 0.0125
Discount Per Security: AUD 0.00075
Security Features: Attached Options
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 92,000,000
Price\Range: AUD 0.0125
Discount Per Security: AUD 0.00075
Security Features: Attached Options
Transaction Features: Subsequent Direct Listing Reported Earnings • Oct 01
Full year 2025 earnings released: AU$0.018 loss per share (vs AU$0.092 loss in FY 2024) Full year 2025 results: AU$0.018 loss per share (improved from AU$0.092 loss in FY 2024). Revenue: AU$2.47m (up 22% from FY 2024). Net loss: AU$3.02m (loss narrowed 77% from FY 2024). Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has fallen by 44% per year, which means it is performing significantly worse than earnings. New Risk • Sep 30
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (20% average weekly change). Earnings have declined by 32% per year over the past 5 years. Shareholders have been substantially diluted in the past year (73% increase in shares outstanding). Market cap is less than US$10m (AU$5.31m market cap, or US$3.49m). Minor Risks Latest financial reports are more than 6 months old (reported December 2024 fiscal period end). Revenue is less than US$5m (AU$2.5m revenue, or US$1.6m). New Risk • Jun 20
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 96% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (33% average weekly change). Earnings have declined by 32% per year over the past 5 years. Shareholders have been substantially diluted in the past year (96% increase in shares outstanding). Market cap is less than US$10m (AU$4.75m market cap, or US$3.08m). Minor Risk Revenue is less than US$5m (AU$2.5m revenue, or US$1.6m). New Risk • May 20
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 29% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (35% average weekly change). Earnings have declined by 32% per year over the past 5 years. Market cap is less than US$10m (AU$3.50m market cap, or US$2.24m). Minor Risks Shareholders have been diluted in the past year (29% increase in shares outstanding). Revenue is less than US$5m (AU$2.5m revenue, or US$1.6m). Annuncio • Mar 26
Tasman Resources Ltd has filed a Follow-on Equity Offering in the amount of AUD 3.682844 million. Tasman Resources Ltd has filed a Follow-on Equity Offering in the amount of AUD 3.682844 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 184,142,204
Price\Range: AUD 0.02
Security Features: Attached Options
Transaction Features: Rights Offering Reported Earnings • Mar 19
First half 2025 earnings released: AU$0.002 loss per share (vs AU$0.002 loss in 1H 2024) First half 2025 results: AU$0.002 loss per share (in line with 1H 2024). Revenue: AU$1.35m (up 48% from 1H 2024). Net loss: AU$1.58m (loss widened 6.2% from 1H 2024). Over the last 3 years on average, earnings per share has fallen by 45% per year whereas the company’s share price has fallen by 42% per year. New Risk • Nov 06
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 13% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$6.2m free cash flow). Shares are highly illiquid. Earnings have declined by 19% per year over the past 5 years. Market cap is less than US$10m (AU$3.22m market cap, or US$2.12m). Minor Risks Shareholders have been diluted in the past year (13% increase in shares outstanding). Revenue is less than US$5m (AU$2.0m revenue, or US$1.3m). New Risk • Nov 01
New major risk - Revenue and earnings growth Earnings have declined by 19% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-AU$6.2m free cash flow). Shares are highly illiquid. Earnings have declined by 19% per year over the past 5 years. Market cap is less than US$10m (AU$3.56m market cap, or US$2.34m). Minor Risk Revenue is less than US$5m (AU$2.2m revenue, or US$1.4m). Annuncio • Oct 31
Tasman Resources Ltd, Annual General Meeting, Nov 29, 2024 Tasman Resources Ltd, Annual General Meeting, Nov 29, 2024. Location: at level 15, 197 st georges terrace, perth Australia Board Change • Oct 31
No independent directors Following the recent departure of a director, there are no independent directors on the board. The company's board is composed of: No independent directors. 3 non-independent directors. Non-Executive Director of Eden Innovations Ltd Allen Larsen was the last director to join the board, commencing their role in 2023. The company's lack of independent directors is a risk according to the Simply Wall St Risk Model. Annuncio • Oct 29
Tasman Resources Ltd to Report Fiscal Year 2024 Results on Oct 31, 2024 Tasman Resources Ltd announced that they will report fiscal year 2024 results After-Market on Oct 31, 2024 New Risk • Sep 30
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended December 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (34% average weekly change). Market cap is less than US$10m (AU$3.56m market cap, or US$2.47m). Minor Risks Latest financial reports are more than 6 months old (reported December 2023 fiscal period end). Revenue is less than US$5m (AU$2.5m revenue, or US$1.8m). Reported Earnings • Mar 18
First half 2024 earnings released: AU$0.002 loss per share (vs AU$0.009 loss in 1H 2023) First half 2024 results: AU$0.002 loss per share (improved from AU$0.009 loss in 1H 2023). Net loss: AU$1.49m (loss narrowed 63% from 1H 2023). Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has fallen by 61% per year, which means it is performing significantly worse than earnings. Annuncio • Oct 28
Tasman Resources Ltd, Annual General Meeting, Nov 30, 2023 Tasman Resources Ltd, Annual General Meeting, Nov 30, 2023, at 10:00 W. Australia Standard Time. Location: Level 15, 197 St Georges Terrace Perth Western Australia Australia Agenda: To consider Annual Reports; to consider Adoption of Remuneration Report; to consider Election of Directors; to consider Approval of additional 10% placement capacity; and to consider other matters. Reported Earnings • Sep 22
Full year 2023 earnings released: AU$0.008 loss per share (vs AU$0.004 loss in FY 2022) Full year 2023 results: AU$0.008 loss per share (further deteriorated from AU$0.004 loss in FY 2022). Revenue: AU$4.76m (down 4.9% from FY 2022). Net loss: AU$5.72m (loss widened 120% from FY 2022). Over the last 3 years on average, earnings per share has fallen by 20% per year but the company’s share price has fallen by 45% per year, which means it is performing significantly worse than earnings. Reported Earnings • Mar 17
First half 2023 earnings released: AU$0.009 loss per share (vs AU$0.002 loss in 1H 2022) First half 2023 results: AU$0.009 loss per share (further deteriorated from AU$0.002 loss in 1H 2022). Revenue: AU$3.14m (up 12% from 1H 2022). Net loss: AU$3.98m (loss widened 260% from 1H 2022). Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has fallen by 35% per year, which means it is significantly lagging earnings. Board Change • Nov 16
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 3 highly experienced directors. No independent directors (3 non-independent directors). Non-Executive Director of Eden Innovations Ltd Lazaros Nikeas was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Annuncio • Oct 21
Tasman Resources Ltd, Annual General Meeting, Nov 22, 2022 Tasman Resources Ltd, Annual General Meeting, Nov 22, 2022, at 09:00 W. Australia Standard Time. Location: at Level 15, 197 St Georges Terrace Perth Western Australia Australia Agenda: To consider Annual Reports; to consider Adoption of Remuneration Report; to consider Election of Director; and to consider other matters. Reported Earnings • Oct 01
Full year 2022 earnings released: AU$0.004 loss per share (vs AU$0.004 loss in FY 2021) Full year 2022 results: AU$0.004 loss per share (in line with FY 2021). Revenue: AU$5.00m (up 51% from FY 2021). Net loss: AU$2.60m (loss narrowed 3.3% from FY 2021). Over the last 3 years on average, earnings per share has increased by 25% per year but the company’s share price has fallen by 31% per year, which means it is significantly lagging earnings. Annuncio • Jun 14
Tasman Resources Ltd Provides Drilling Update on Lake Torrens IOCG Project Tasman Resources Ltd. advised that drilling of the third wedge hole on the Lake Torrens IOCG Project (EL6416) has now been completed. Drilling progress was considerably hampered by technical issues, inclement weather and personnel disruptions due to COVID. The project is currently held 49% by Tasman and 51% by FMG Resources Ltd, a wholly owned subsidiary of Fortescue Metals Group Ltd. Fortescue has also given notice to Tasman that it intends to sole fund its interest to 80% pursuant to the terms of a Farm In and Joint Venture Agreement. VUD012W1 was drilled off previous Tasman hole VUD012 and, as for the two previous wedge holes (VUD011W1 & VUD011W2), was aimed at testing areas of interpreted excess mass identified with the recent Fortescue acquired gravity dataset and interpretations of historic Tasman drill holes. Tasman has previously reported wide zones of copper mineralisation in both VUD011 and VUD012 including 517m downhole at 0.15% Cu in VUD012 from 820m. The holes were also anomalous in gold, rare earth elements and palladium. VUD0012W1 was drilled off VUD012 at 512m with an azimuth of 240o to a final depth of 1578.5m with a final inclination of -56o and azimuth of 249o. This wedge hole intersected basement rocks at 836.3m with several thin zones of hematite breccia from 836.3-840.6m (this zone with minor pyrite and blebby chalcopyrite) and 858-867.9m downhole and hydrothermal breccias with disseminated sulphides from 843.9-848.9m and 879.5-880m. The remainder of the hole consisted dominantly of variably brecciated and altered quartzo-feldspathic host rock. As for the other two wedge holes, there was a general absence of significant visible sulphides throughout this hole. Board Change • Apr 27
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 3 experienced directors. 3 highly experienced directors. No independent directors (3 non-independent directors). Non-Executive Director of Eden Innovations Ltd Lazaros Nikeas was the last director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Mar 18
First half 2022 earnings: Revenues and EPS in line with analyst expectations First half 2022 results: AU$0.002 loss per share (down from AU$0 in 1H 2021). Revenue: AU$2.81m (up 76% from 1H 2021). Net loss: AU$1.10m (down AU$1.27m from profit in 1H 2021). Revenue was in line with analyst estimates. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has fallen by 23% per year, which means it is significantly lagging earnings. Reported Earnings • Oct 01
Full year 2021 earnings released: AU$0.004 loss per share (vs AU$0.007 loss in FY 2020) Full year 2021 results: Net loss: AU$2.69m (loss narrowed 31% from FY 2020). Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has fallen by 24% per year, which means it is significantly lagging earnings. Annuncio • Jul 01
Tasman Announces All of the Assay Results from Hole VUD0019 Tasman announced that all of the assay results from hole VUD0019, the second hole completed by FMG Resources Pty Ltd, a wholly owned subsidiary of Fortescue Metals Group Ltd. have now been received. Fortescue is currently earning a 51% interest under a Farm in and Joint Venture Agreement over Tasman's wholly owned, South Australian Exploration Licence 6416. The Lake Torrens project (EL6416) hosts the Vulcan and other IOCG prospects and is located approximately 30km north of BHP's Olympic Dam mine and 600km north of Adelaide . Drilling of hole VUD0019 commenced with a vertical reverse circulation (RC) hole before switching to diamond drilling followed by some navigational drilling near the base of the cover sequence to flatten the hole. Coring was then continued at a low angle through the basement across portions of the identified gravity anomaly. Hole locations and the drill traces are shown in Figure 2 over a new residual gravity image compiled by Fortescue from their 2019-2020 detailed gravity survey. Hole VUD0019 was drilled to 1,867.2m depth to test the southern lobe of the Vulcan North gravity anomaly and intersected altered granite at 880.1m downhole below the Neoproterozoic cover. By end of hole the inclination had been flattened to 36o with an azimuth of 234 o. Similar to VUD0018 a substantial zone of massive hematite and hematite breccias was intersected from 1302m to 1623m downhole with a very high frequency of 1m to 20m wide intervals of mafic dyke. The remainder of the hole comprised mostly altered felsic gneiss with mafic dykes and thin hydrothermal hematite breccias. As for VUD0018, assays from hole VUD0019 have delineated wide zones of low grade copper mineralisation: up to 321m downhole at 0.33% Cu (0.1% cut off) and 0.1g/t Au from 1,319m to 1,640m, mostly associated with hematite breccia: this 321m zone also includes two narrower but higher grade copper intervals of: o 1.25% Cu over 15m from 1,411m to 1,426m and o 1.35% Cu over 2m from 1,493m to 1,495m. Gold Elevated gold (Au) values were also intersected including: 0.80g/t over 3m from 1,078m to 1,081m, 0.56g/t over 3m from 1,106m to 1,109m, 0.88g/t over 2m from 1,135m to 1,137m, 0.60g/t over 15m from 1,411m to 1,426m, including: o 0.94g/t over 7m from 1,412m to 1,419m. Annuncio • Apr 03
Tasman Resources Ltd Announces Kansas Department of Transportation Adds Both Edencrete® and Edencrete®Pz to Its List of Approved Admixtures Tasman Resources Ltd. announced that The Kansas Department of Transportation (KDOT) has added both EdenCrete® and EdenCrete®Pz to its list of approved admixtures. This co-incidentally follows the first commercial EdenCrete® project in Kansas, a five storey carpark development, that was undertaken in November 2020. EdenCrete® has now been approved for use in 21 States being: Alabama, Alaska, Arkansas, California, Colorado, Georgia, Kansas, Kentucky, Louisiana, Maine, Massachusetts, Mississippi, North Carolina, Oklahoma, Oregon, South Carolina, Tennessee, Texas, Vermont, Virginia and West Virginia (see Figure 1). EdenCrete®Pz is approved for use in 16 States. With its significantly expanding US sales footprint, the ongoing DOT EdenCrete® trials (particularly for bridges) in various States, plus the approvals for use in 21 States, EdenCrete® is in a very good position to participate in the significant market growth that is expected should the proposed US Federal infrastructure stimulus programme, that is being presently being discussed, be approved. Annuncio • Mar 04
Tasman Resources Ltd Announces Drilling Update Tasman announced that a two hole, deep diamond drilling program to test the Vulcan North gravity anomaly has recently been completed by FMG Resources Pty Ltd. Drilling of both holes (VUD018 and 019) commenced with a vertical reverse circulation (RC) hole before switching to diamond drilling followed by some navigational drilling near the base of the cover sequence to flatten the hole. Coring was then continued at a low angle through the basement across portions of the identified gravity anomaly. Both holes intersected substantial downhole widths of hematite breccia which is often a significant host to mineralisation in IOCG deposits. Hole VUD018 was drilled to 1675.2m depth to test the northern lobe of the Vulcan North gravity anomaly and intersected basement quartzo-fledspathic gneiss at 912m downhole below the Neoproterozoic cover. By end of hole the inclination had been flattened to 33o with an azimuth of 200 o. Thick zones of massive hematite breccia, comprising 70-100% hematite with minor intervals of altered quartzo-felsdapthic gneiss and mafics were intersected from 1210 to 1271.2 and from to 1287.5 to 1353m. Further down the hole, hematite breccias containing 40 to 70% hematite were intersected from 1371.4 to 1408 and 1445-1479m downhole and are interspersed with altered mafic breccia, mafics and quartzo felspathic gneiss. Hole VUD019 was drilled to 1867.2m depth to test the southern lobe of the Vulcan North gravity anomaly and intersected altered granite at 880.1m downhole below the Neoproterozoic cover. By end of hole the inclination had been flattened to 36o with an azimuth of 234 o. Similar to the previous hole a substantial zone of massive hematite and hematite breccias was intersected from 1302 to 1623m downhole with a very high frequency of 1m to 20m wide intervals of mafic dyke. The remainder of the hole comprised mostly altered felsic gneiss with mafic dykes and thin hydrothermal hematite breccias. The substantial downhole thicknesses of dense hematite breccias, a cumulative downhole thickness of approx. 200m in VUD018 and 300m in VUD019 is considered a very successful test of the Vulcan North density anomaly. Chalcopyrite and pyrite are visible in the hematite breccias in both holes however their presence and variability is complex and therefore no estimate of their abundance has been provided at this stage. Cutting and sampling of the core is in progress and several batches from VUD018 have recently been delivered to the laboratory for chemical analysis. Tasman awaits the assay results with interest and will release them as they come to hand. Annuncio • Feb 10
Tasman Resources Ltd Announces Pernatty IOCG Project Drilling Program Completed Tasman Resources Ltd. advised that drilling at its 100% owned Pernatty project in South Australia has now been completed after diamond tails were drilled off the two previously completed RC precollars PRC001 and PRC005. As expected, after the drilling of hole PRC006D basement depth in the latest two holes was also considerably deeper than originally anticipated from the geophysical modelling. Diamond coring of this vertical RC hole commenced from 534m depth (base of RC precollar) and Mesoproterozoic basement comprising moderately chlorite-hematite altered acid volcanics (Gawler Range Volcanics?) was intersected at 984m. Narrow zones of brecciation were observed but no sulphides were intersected. The volcanics are intruded by a Neoproterozic? Gairdner dyke which was intersected in the last 10m of the hole. This hole was terminated at 1097.9m and no significant mineralisation was intersected. Basic volcanics (Neoproterozoic Beda Volcanics?, an extrusive equivalent of the Gairner dykes) were intersected From 911 to 956 m. These mafic intusive-extrusive units may be the source of the gravity-magnetic anomaly targeted. Hole PRC005D: Diamond coring of this vertical RC hole commenced from 248m depth and Mesoproterozoic basement was intersected at 887.5 m. Lithologies encountered are similar to those intersected in hole PRC006D, 1km to the south and comprised brecciated chlorite altered quartz diorite-granodiorite (Donnongton Granitoid suite), extensively quartz-carbonate veined and intruded by fine grained dolerite. Minor pyrite, chalcopyrite and hematite were observed in the veins in places but no signiciant mineralisation was intersected. Medium grained dolerite was dominant in the bottom of the hole with pervasive chlorite-hematite alteration, crackle brecciated in part but devoid of sulphides. This hole was terminated at 1011.4m. Vulcan Prospect: Tasman eagerly awaits the results from drilling by Fortescue at the Vulcan prospect, 40km north of Olypmic Dam, which is still in progress. Annuncio • Dec 16
Tasman Resources Ltd has completed a Follow-on Equity Offering in the amount of AUD 1.062015 million. Tasman Resources Ltd has completed a Follow-on Equity Offering in the amount of AUD 1.062015 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 26,550,367
Price\Range: AUD 0.04
Transaction Features: Rights Offering Annuncio • Nov 26
Tasman Resources Ltd Announces Drilling Update on Pernatty IOCG Project Tasman advises that drilling at its 100% owned Pernatty project in South Australia is still in progress. Completion of the program has been considerably hampered by equipment issues, adverse ground conditions caused by extremely abrasive quartzite and stong groundwater in-flows as well as the recent COVID lockdown. Precollars of four deep holes to test gravity-magnetic ± EM anomalies have been completed by reverse circulation drilling (RC) to variable depths ranging from 156 to 534m in the cover depending on the amount of groundwater intersected. Diamond coring is now in progress in hole PRC006 and commenced from 408m depth with the hole still in the cover rocks at 580m, indicating the basement is deeper than suggested by the gravity-magnetic modelling. RC drilling of the three shallow EM targets in the cover has been completed however nothing has been visually observed in the RC chips that adequately explains the anomalies. Portions of these holes have been sampled in 5m composites and will be sent for assay. It is hoped that at least three of the four deep diamond drilled holes can be completed before year end, including PRC001, the southern-most hole that was the first RC pre-collar that was drilled to 534m, to test the modelled basement targets. Annuncio • Nov 16
Tasman Resources Ltd Announces Drilling on the Lake Torrens IOCG Project Tasman Resources Ltd. advised that drilling on the Lake Torrens IOCG Project (EL6416) has commenced. The project is currently held 100% by Tasman and FMG Resources Ltd, a subsidiary of Fortescue Metals Group Ltd. is in the process of earning an interest pursuant to the terms of a Farm In and Joint Venture Agreement. Initial planned activities by Fortescue will comprise two angled deep diamond drill holes in the Vulcan North gravity anomaly. Annuncio • Oct 11
Tasman Resources Ltd Provides Pernatty IOCG* Project Drilling Update Tasman Resources Ltd. provides Pernatty IOCG* Project Drilling Update. As a result of up to a further 52 mm of rain falling on Wednesday night in the area, the ongoing closure to heavy vehicles of the unsealed road into Carrapateena, was further extended. The drilling rig, which is currently waiting in Port Augusta, must use this road when it is re-opened to heavy vehicles, to gain access to Tasman's Pernatty licence area for the forthcoming drilling programme. The unseasonal heavy rain in the area over the past two months, whilst welcomed by the local community, has resulted in an extended delay that is outside of company's control. Fortunately, Tasman is not incurring stand-by costs for the rig and there is fine weather forecast for the area over the next week, with both reasonably strong winds and temperatures rising to 35 degrees forecast, and it is hoped that this further delay will not be very long. A further announcement will be made when the drilling commences. Reported Earnings • Oct 01
Full year earnings released - AU$0.0074 loss per share Over the last 12 months the company has reported total losses of AU$3.89m, with losses narrowing by 8.5% from the prior year. 