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Tasman Resources NL

Published : October 07th, 2016

Annual Report to shareholders

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Keywords :   Australia | Cash | Cobalt |

Annual Report to shareholders

for the Year En


ded 30 June 2016

Tasman Resources Ltd

& Controlled Entities

ABN: 85 009 253 187

ESOURCES L TD‌‌‌‌‌‌‌‌‌‌

Table of Contents

Highlights for the Year to 30 June 2016 3

Corporate Directory 4

Review of Operations 5

Directors' Report 10

Auditor's Independence Declaration 15

Consolidated Statement of Profit or Loss and Other Comprehensive Income 16

Consolidated Statement of Financial Position 17

Consolidated Statement of Changes in Equity 18

Consolidated Statement of Cash Flows 19

Notes to the Financial Statements 20

Directors' Declaration 38

Independent Auditor's Report 39

Additional Information for Listed Public Companies 42

Tenement Schedule 42


Eden Energy Ltd Investment (ASX Code: EDE)

  • Tasman has a 42% interest in Eden Energy Ltd which develops and markets clean technology products. It currently produces and sells EdenCreteTM, a revolutionary high performance concrete admixture and OptiBlendTM, a world leading innovative retrofit dual fuel technology developed for diesel generator sets. During the year Eden made

    significant progress towards achieving its goal of having EdenCreteTM become a

    product that is widely used in the concrete market, particularly the huge US infrastructure market. Further progress was achieved in Eden's collaborative research projects being conducted with the University of Queensland and Deakin University.

    Parkinson Dam Epithermal Gold-Silver Project (EL 5602), South Australia

  • No further exploration activities were conducted at this project. Further work, including follow-up drilling at the Corrie Dam prospect and possibly IP geophysical surveying over part of the original gold-silver discovery at Parkinson Dam is subject to funding being available and an upturn in global metal demand.

    Vulcan IOCGU* Project (ELs 4857, 5465, 5499), South Australia

  • No exploration was conducted at this project. Further exploration will be subject to sufficient funds being available and an upturn in global metal demand.

    (*IOCGU Iron-oxide copper-gold-uranium)


  • Tasman has a 14% interest in Conico Ltd. Conico owns 50% of the Mt Thirsty nickel- cobalt-manganese oxide deposit in Western Australia.

  • Tasman completed a non-renounceable pro-rata rights issues raising $1.05 million before costs.



Gregory H Solomon LLB (Executive Chairman)

Douglas H Solomon BJuris LLB (Hons) (Non-Executive)

Guy T Le Page B.A., B.Sc. (Hons).,M.B.A., F.FIN., MAusIMM (Non-Executive)


Aaron P Gates BCom CA AGIA


Level 15

197 St Georges Terrace Perth

Western Australia 6000

Tel +61 8 9282 5889

Fax +61 8 9282 5866

Email: [email protected] Website:


Solomon Brothers Level 15

197 St Georges Terrace Perth WA 6000

Minter Ellison

1 King William Street Adelaide SA 5000


Nexia Perth Audit Services Pty Ltd Level 3

88 William Street

Perth WA 6000


Advanced Share Registry Services 110 Stirling Highway

Nedlands WA 6009


ASX Code: TAS (ordinary shares)

TASO (5 cent options expiring 31 March 2018)

Quotation has been granted for all the ordinary shares of the company on all Member Exchanges of the Australian Securities Exchange Limited.

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Data and Statistics for these countries : Australia | Georgia | All
Gold and Silver Prices for these countries : Australia | Georgia | All

Tasman Resources NL

ISIN : AU000000TAS5
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Tasman is a silver and gold exploration company based in Australia.

Tasman holds various exploration projects in Australia and in Finland.

Its main exploration properties are PARKINSON DAM and WYNBRING EL3306 (CENTRAL GRAWLER) in Australia and OTANMAKI in Finland.

Tasman is listed in Australia and in Germany. Its market capitalisation is AU$ 2.3 millions as of today (US$ 1.7 millions, € 1.5 millions).

Its stock quote reached its highest recent level on February 24, 2017 at AU$ 0.30, and its lowest recent point on October 13, 2023 at AU$ 0.01.

Tasman has 382 740 000 shares outstanding.

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12/15/2011Board Approves Phase 4 Drilling Program at Norra Karr Heavy ...
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8/31/2011Resource Generation ASX Announcements: Sale of Tasmanian ass...
8/9/2011Retains Pincock Allen & Holt For Preliminary Economic Assess...
7/6/2011Norra Karr Heavy Rare Earth Element Project Declared Project...
6/29/2011Government grants Mining Lease to new Tasmanian project, nea...
6/8/2011Mining lease for new Tasmanian mine near Launceston
5/2/2011Further Expands Thickness of Drilled Mineralization at Norra...
4/28/2011Board Approves Expansion of Phase 3 Drilling Program at Norr...
4/13/2011(Otanmaki)Begins Drilling Otanmaki Rare Earth Element Project, Finland
6/19/2007(Parkinson Dam)High grade silver at Tasman's SA gold project
Corporate news of Tasman Resources NL
8/2/2016Appendix 3B
6/23/2016Cleansing Notice
1/21/2016Appendix 3B
11/2/2015Notice of Annual General Meeting/Proxy Form
11/2/2015First Quarter Cashflow Report
10/6/2015Non Renounceable Rights Issue Prospectus
9/29/2015Annual Report to shareholders
8/7/2015Results of Meeting
7/30/2015Cleansing Notice
7/29/2015Fourth Quarter Activities and Cashflow Reports
7/15/2015Notice of General Meeting/Proxy Form
4/8/2015Corrie Dam Drilling Results
3/13/2015Half Year Accounts
1/12/2015Issue of ESOP Options
11/11/2014Exploration Update
12/12/2013and Flinders Announce Merger Negotiations to Create a Divers...
7/17/2013Receives European Commission Funding for Processing Research...
6/15/2013Clarifies Technical Disclosure
3/15/2013Announces Results of AGM
11/8/2012Advances Mineral Processing At Norra Karr, Sweden
7/18/2012Announces New Managing Director in Sweden and Appointments t...
5/1/2012Rio and Tasman execute conditional agreement over SA acreage
12/20/2011Proto Tasmanian pilot on track for January 2012
11/30/2011Lists on the NYSE-AMEX Under the Symbol "TAS"
6/17/2011Completes Spring Drilling and Begins Updated Resource Calcul...
5/26/2011Announces Registration of Form 40-F with US Securities and E...
4/27/2011Drills Thickest Interval of Heavy Rare Earth Elements and Zi...
3/29/2011Files Form 40-F with U.S. Securities and Exchange Commission
7/23/2010in 3rd drill push in a year on IOCGU discovery near Olympic ...
6/9/2010ASX Announcement
5/20/2010Release - Tasman looks east after 'stronger' IOCGU hole near...
5/19/2010Release - Strong nickel-cobalt hits lift Proto's progress in...
5/11/2010Tasmanian nickel project receives thumbs-up from broker
4/12/2010Tasman raising to fund SA IOCGU drilling
3/29/2010clears path for IOCGU drilling near Olympic Dam
10/27/2009Begins drilling at priority Vulcan target near Olympic Dam
9/29/2009Perth's Tasman drill start on key target near Olympic Dam in...
6/20/2008Completion of Due Diligence on Tasmanian Coal Acquisition
7/5/2007Drill start adjacent Olympic Dam for copper gold uranium JV
5/7/2007Geothermal Energy Tasmania
4/30/2007diamond JV across SA
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