Tasman Receives Bulk Surface Sample Permit for the Norra Karr Heavy Rare Earth Element Project, Sweden
Published : July 25, 2013
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VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 25, 2013) - Tasman Metals Ltd. ("Tasman" or the "Company") (News - Market indicators)(NYSE MKT:TAS)(FRANKFURT:T61). Mark Saxon, President & CEO, is pleased to announce granting of a permit to extract a large surface sample for expanded metallurgical testing from the Company's Norra Karr project in Sweden. The permit allows for the extraction of 200 cubic metres of rock (approximately 500 tonnes) from selected locations that represent the Norra Karr deposit. The permit was granted by Länsstyrelsen Östergötland (County Administration Board of Östergötland), the Swedish government agency that manages land use in the region of Norra Karr.

"Gaining permission to remove a bulk sample at Norra Karr is an important next step in our development of the project," said Mark Saxon, Tasman's President and CEO. "Until now, all samples used in processing have been extracted from drill core, and this bulk sample is a much lower cost option for our expanded metallurgical testing. As Norra Karr mineralization is very homogeneous and the rock is unweathered at surface, we are able to represent the deposit well with this large surface sample."

Tasman's 100% owned Norra Karr project has an indicated and inferred resource estimate calculated in accordance with the standards of the Canadian Institute of Mines ("CIM") as provided in table 1 below. The deposit is approximately 300m wide by 800m long at surface, and covered by an average of less than 1m of soil, making collection of the sample very simple. It is located in southern Sweden, 300km SW of the capital Stockholm and lies in mixed farming and forestry land. The site is well serviced by power, roads and water allowing all year round access, plus a local skilled community, minimizing the need for offsite infrastructure to be built by the Company. 

A 25 year Mining Lease for Norra Karr was recently granted to Tasman. The Mining Lease remains subject to an appeal by certain stakeholders. The Company has completed substantial metallurgical testing and a Preliminary Economic Assessment, the technical and financial data for which can be found on the Company website in a National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101") report titled "Amended and Restated Preliminary Economic Assessment N1 43-101 Technical Report for the Norra Kärr (REE-Y-Zr) Deposit Gränna, Sweden" dated 9th July 2013.

The qualified person for the Company's exploration projects, Mark Saxon, President and Chief Executive Officer of Tasman and a Member of the Australian Institute of Geoscientists and Australasian Institute of Mining and Metallurgy, has reviewed and verified the contents of this release. 

Table 1: In-Pit Resource Estimate for the Norra Karr Deposit at 0.17% TREO Cut Off Grade
  Million
Tonnes
TREO
%
HREO
%
LREO
%
HREO/
TREO %
ZrO2
%
Tonnes of Contained
TREO
Indicated 41.6 0.57 0.29 0.28 50.8 % 1.71 237,120
Inferred 16.5 0.64 0.31 0.33 48.4% 1.70 94,050
 
Notes:
1 This resource estímate was prepared in accordance with the standards of CIM by RungePincockMinarco Ltd. Further resource assumption detail can be found on Sedar in a National Instrument 43-101 Standards of Disclosure for Mineral Projects ("NI 43-101") report titled "Amended and Restated Preliminary Economic Assessment NI 43-101 Thechnical Report for the Norra Karr Deposit Granna, Sweden" dated 9th July 2013.
   
2 Total Rare Earth Oxides (TREO) includes: La2O3, Ce2O3, Pr2O3, Nd2O3, Sm2O3, Eu2O3, Gd2O3, Tb2O3, Dy2O3, Ho2O3, Er2O3, Tm2O3, Yb2O3, Lu2O3, Y2O3
   
3 Heavy Rare Earth Oxides (HREO) includes: Eu2O3, Gd2O3, Tb2O3, Dy2O3, Ho2O3, Er2O3, Tm2O3, Yb2O3, Lu2O3, Y2O3
   
4 The calculated resource is sensitive to cut-off grade which will be influenced by metallurgical operating costs. Bench scale metallurgical tests were completed on various representative samples of Norra Karr mineralization.
   
5 RungePincockMinarco Ltd calculated this mineral resource estimate based on geological and geochemical data supplied by Tasman, which had been audited by Mr Geoffrey Reed. Mr Reed is an independent qualified person for the purposes of NI 43-101.
   
6 The resource estimate has been classified as an Indicated and Inferred Resource based on the distance-space between sample data within the current deposit outline. Variograms were obtained from the variography study of TREO, with the continuity analysis showing a reasonable fit model in the major and semi major direction for the mineralised domains.
   
7 Mineral resources that are not mineral reserves do not have demonstrated economic viability. Mineral resource estimates do not account for mineability, selectivity, mining loss and dilution. inferred mineral resources are considered too speculative geologically to have the economic considerations applied to them that would enable them to be categorized as Mineral Reserves.

About Tasman Metals Ltd. 

Tasman Metals Ltd. is a Canadian mineral exploration and development company focused on Rare Earth Elements (REE's) in the European region and is listed on the TSX Venture Exchange under the symbol "TSM" and the NYSE-MKT under the symbol "TAS". REE demand is increasing, due to the metals' unique properties that make them essential for high technology and environmentally-beneficial applications. Since over 95% of REE supply is sourced from China, the European Union is actively supporting policy to promote domestic supply of REE's, to ensure the security of high-tech industry. Tasman's exploration portfolio is uniquely placed, with the capacity to deliver "high-tech" metals from politically stable, mining friendly jurisdictions with developed infrastructure. 

The Company's Norra Karr project in Sweden is one of the most significant heavy REE resources in the world. The resource is unusually low in radioactive metals relative to peer projects, with less than 15 ppm each of uranium and thorium.
For more information regarding rare earth elements, see the Rare Metal Blog at http://proedgewire.com/rare-earth/.

On behalf of the Board,

Mark Saxon, President & CEO   

The TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange), the NYSE - MKT nor the Frankfurt Stock Exchange accepts responsibility for the adequacy or accuracy of this news release.

Cautionary Note to U.S. Investors Concerning Mineral Resources and Reserves. In this news release, the definition of "mineral resources" is that used by the Canadian securities administrators and conforms to the definition utilized by CIM in the "CIM Standards on Mineral Resources and Reserves - Definitions and Guidelines" adopted on August 20, 2000 and amended December 11, 2005.

The standards employed in estimating the mineral resources referenced in this news release differ significantly from the requirements of the United States Securities and Exchange Commission (the "SEC") and the resource information reported may not be comparable to similar information reported by United States companies. The term "resources" does not equate to "reserves" and normally may not be included in documents filed with the SEC. "Resources" are sometimes referred to as "mineralization" or "mineral deposits". While the terms "mineral resource", "measured mineral resource", "indicated mineral resource" and "inferred mineral resource" are recognized and required by Canadian regulations, they are not defined terms under standards in the United States and normally are not permitted to be used in reports and registration statements filed with the SEC. The terms "mineral reserve," "proven mineral reserve" and "probable mineral reserve" are Canadian mining terms as defined in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") and the CIM - CIM Definition Standards on Mineral Resources and Mineral Reserves, adopted by the CIM Council, as may be amended from time to time by the CIM. These definitions differ from the definitions in the United States Securities and Exchange Commission Industry Guide 7 ("SEC Industry Guide 7") under the Securities Act of 1933. Under Canadian rules, estimates of inferred mineral resources may not form the basis of feasibility or prefeasibility studies, except in rare cases. Disclosure of "contained ounces" in a resource is permitted disclosure under Canadian regulations; however, the SEC normally only permits issuers to report mineralization that does not constitute "reserves" by SEC standards as in place tonnage and grade without reference to unit measures.

The estimation of measured, indicated and inferred mineral resources involves greater uncertainty as to their existence and economic feasibility than the estimation of proven and probable reserves. U.S. investors are cautioned (i) not to assume that measured or indicated resources will be converted into reserves and (ii) not to assume that estimates of inferred mineral resources exist, are economically or legally minable, or will be upgraded into measured or indicated mineral resources. It cannot be assumed that the Company will identify any viable mineral resources on its properties or that any mineral reserves, if any, can be recovered profitably, if at all. As such, information contained in this news release and the documents incorporated by reference herein concerning descriptions of mineralization and resources under Canadian standards may not be comparable to similar information made public by United States companies in SEC filings.

Cautionary Statements. Certain statements found in this release may constitute forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements reflect the speaker's current views with respect to future events and financial performance and include any statement that does not directly relate to a current or historical fact. Such statements reflect the current risks, uncertainties and assumptions related to certain factors including, without limitations, competitive factors, general economic conditions, customer relations, uncertainties related to the availability and costs of financing, unexpected geological conditions, success of future development initiatives, imprecision in resource estimates, ability to obtain necessary permits and approvals, relationships with vendors and strategic partners, the interest rate environment, governmental regulation and supervision, seasonality, technological change, changes in industry practices, changes in world metal markets, changes in equity markets, environmental and safety risks, and one-time events. Should any one or more of these risks or uncertainties materialize, or should any underlying assumptions prove incorrect, actual results may vary materially from those described herein. Forward-looking statements cannot be guaranteed and actual results may vary materially due to the uncertainties and risks, known and unknown, associated with such statements. Shareholders and other readers should not place undue reliance on "forward-looking statements", as such statements speak only as of the date of this release.



Investor Information
Tasman Metals Ltd.
Jim Powell
V.P. - Corporate Development
+ 1 (647) 478 8952
jpowell@tasmanmetals.com
or
Tasman Metals Ltd.
Mariana Bermudez
+1 (604) 685 9316
info@tasmanmetals.com
www.tasmanmetals.com
Data and Statistics for these countries : China | Sweden | All
Gold and Silver Prices for these countries : China | Sweden | All

Tasman Metals Ltd.

EXPLORATION STAGE
CODE : TSM.V
ISIN : CA87652B1031
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Tasman Metals is a exploration company based in Canada.

Tasman Metals holds various exploration projects in Sweden.

Its main exploration properties are NORRA KÄRR and BASTNAS in Sweden.

Tasman Metals is listed in Canada. Its market capitalisation is CA$ 16.9 millions as of today (US$ 13.1 millions, € 11.6 millions).

Its stock quote reached its highest recent level on April 15, 2011 at CA$ 5.98, and its lowest recent point on February 26, 2016 at CA$ 0.09.

Tasman Metals has 66 141 922 shares outstanding.

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Financings of Tasman Metals Ltd.
10/18/2012Announces Extension of Warrant Term
Financials of Tasman Metals Ltd.
7/15/2015Files Financial Results for the Nine Months Ended May 31, 20...
7/12/2013files financial results for the nine months ended May 31, 20...
7/12/2013files financial results for the nine months ended May 31, 20...
4/11/2013Files Financial Results for the Six Months Ended February 28...
1/10/2013Files Financial Results for the Three Months Ended November ...
Project news of Tasman Metals Ltd.
11/30/2010NORRA KARR PROJECT CONFIRMED AS A LARGE TONNAGE NI 43-101 CO...
11/30/2010(Norra Kärr)NORRA KARR PROJECT CONFIRMED AS A LARGE TONNAGE NI 43-101 CO...
Corporate news of Tasman Metals Ltd.
8/19/2016Tasman Shareholders Approve Arrangement with Flinders
7/6/2016Tasman Announces Date of Annual and Special Meeting of Share...
6/21/2016Tasman and Flinders Sign Definitive Arrangement Agreement
4/5/2016Tasman Announces Resignation of Director Gil Leathley
3/31/2016Tasman Provides Update on Norra Karr Mining Lease
1/15/2016Tasman Announces Voluntary Delisting from the NYSE MKT
1/14/2016Tasman Files Financial Results for the Three Months Ended No...
12/1/2015Tasman Files Annual Report on Form 20-F
11/30/2015Tasman Files Annual Report on Form 20-F
7/10/2015Files Amended and Restated Pre-Feasibility Study on the Norr...
3/11/2015The REE Basket Price Deception and the Clarity of OPEX
1/21/2015Tasman announces results of Pre-Feasibility Study for the No...
1/21/2015announces results of Pre-Feasibility Study for the Norra Kar...
1/13/2015Tasman Files Financial Results for the Three Months Ended No...
1/6/2015Tasman joins the Critical Materials Institute
12/17/2014Tasman Expands Critical Metal Portfolio With Acquisition Of ...
12/17/2014expands critical metal portfolio with acquisition of two chr...
12/9/2014Tasman Completes Drill Program For Bulk Metallurgical Sample...
12/9/2014completes drill program for bulk metallurgical sample at Nor...
11/26/2014Tasman Files Annual Report on Form 20-F
7/14/2014Tasman Files Financial Results for the Nine Months Ended May...
7/9/2014Tasman Precipitates Heavy Rare Earth Element Concentrate and...
6/13/2014Tasman Announces Results of AGM
5/20/2014Tasman and Flinders Mutually Agree to End Merger Negotiation...
4/14/2014Tasman Files Financial Results for the Six Months Ended Febr...
4/8/2014Tasman Commences Pre-Feasibility Study for Norra Karr Heavy ...
3/31/2014Tasman Announces Second Tranche Private Placement Closing
10/10/2013Expands Critical Metal Portfolio with Acquisition of Tungste...
8/28/2013Files Preliminary Base Shelf Prospectus and F-3 Registration...
8/14/2013Achieves High Recovery in First Metallurgical Tests From Ols...
7/25/2013Receives Bulk Surface Sample Permit for the Norra Karr Heavy...
7/23/2013Submits Mining Lease Application over Olserum Heavy Rare Ear...
7/17/2013Receives European Commission Funding for Processing Research...
7/11/2013files amended and restated technical reports on its Norra Ka...
7/11/2013files amended and restated technical reports on its Norra Ka...
4/16/2013releases NI 43-101 resource report for Olserum heavy rare ea...
4/12/2013Grants Stock Options
3/25/2013engages ANSTO Minerals to expand metallurgical testing of No...
3/15/2013announces results of AGM
2/19/2013drills thick intervals of heavy REE mineralization at Olseru...
10/3/2012completes summer drilling program at Norra Karr heavy rare e...
7/6/2011NORRA KARR HEAVY RARE EARTH ELEMENT PROJECT DECLARED PROJECT...
6/17/2011COMPLETES SPRING DRILLING AND BEGINS UPDATED RESOURCE CALCUL...
5/26/2011ANNOUNCES REGISTRATION OF FORM 40-F WITH US SECURITIES AND E...
4/28/2011BOARD APPROVES EXPANSION OF PHASE 3 DRILLING PROGRAM AT NORR...
4/12/2011BEGINS DRILLING OTANMAKI RARE EARTH ELEMENT PROJECT, FINLAND
4/4/2011RECEIVES ENCOURAGING METALLURGICAL RESULTS FROM NORRA KARR H...
3/29/2011FILES FORM 40-F WITH U.S. SECURITIES AND EXCHANGE COMMISSION
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