Tasman Overview and Strategy

Tasman is one of those companies which is working toward having production stories of its own to tell.  Saxon said, “Since we last spoke, a key milestone we have completed is our Phase 3 drilling program.  We have drilled thirty holes and so those will go into our resource.  I'm expecting that will be published in August. We are also in the process of engaging consultants for a scoping study that we hope to deliver in October of this year.”  The drilling is not their major accomplishment. Said Saxon, “But, I guess the big milestone for us over the last three months is the metallurgy work we have done.  That work has showed that we can get 92% recovery of most of our rare earths through a simple leaching process.” 

With the aggressive drilling program that Tasman has been pursing, drilling is no longer their greatest challenge.  Saxon said, “So, on the drilling side, the discovery has already been made so the drilling side of the business is a lot simpler than it was.  We don't need to discover more.  So, the most important stage for us is the metallurgy which is where our focus is.”  The metallurgical and resource work will form part of the scoping study which will move the company forward into new business phases as they work toward production.  Said Saxon, “That study we will deliver in approximately October, and we'll then roll onto a prefeasibility study which we will deliver in the second half of 2012.  If everything is positive, we'll move onto a feasibility study which will give us a timeline to production sometime in 2016.”  Tasman is so positive about the potential for Norra Karr that they are currently in discussions with end users and technology companies who have a need for the rare earth products that Tasman believes that Norra Karr will deliver to markets around the world.

Rare Earth Applications

While many people are not familiar with rare earths, they have many uses in many different products that people utilize every single day. Saxton said, “They [rare earths] are often referred to as 'invisible metals' because we don't see them in our everyday lives like we see gold or silver or copper, but they are in every Blackberry and every flat screen television. They are in every vehicle. In any modern vehicle, there are probably more than fifty uses for rare earth.  They are in every part of our daily lives, but we don't see them.” The critical metals that will be produced by Tasman from the Norra Karr deposit will go into low energy lighting and into automobile applications all over the world. 

With their focus on rare earth metals, Tasman has a different approach than other companies.  Saxon said, “Tasman is quite a unique company as there are several things that set us apart from our competitors.”  Things that set Tasman apart include the high content of heavy rare earth metals in the deposit at Norra Karr, which has led to very good fundamentals.  With Europe's great infrastructure and mining friendly environment, Tasman believes they, as a company, are in a unique position, and believes that they are attractive to investors because of this.

Norra Karr itself is a single intrusion 360 meters wide and 700 meters long at the surface, which is the resource area.  Tasman believes that the deposit runs at least to  200 meters vertical depth. Said Saxon, “It's very accessible by open pit because of the width at the surface.”  Once the resources have been accessed, Saxon believes they will be relatively easy to process.  He said, “The two minerals that hold the rare earth metals at Norra Karr are both zirconosilicate minerals which are both sulphuric acid soluble at room temperature.”  As a result of this, Tasman is forecasting low cost production which will increase investor value. 

Key Value Drivers

With a unique position in Europe and access to a myriad of rare earth metals, Tasman Metals is poised to bring a new resource online to assist in the manufacturing of low energy bulbs and automobile parts. Norra Karr may be the newest cost-effective property entering into the rare earth minerals market in the short term. 

For more information: 

http://www.tasmanmetals.com

Registered & Records Office:

Address:          Suite 1305, 1090 West Georgia Street

Vancouver, BC

Canada V6E 3V7

            Officers, Directors and Management:

Mark Saxon     President and Chief Executive Officer, Director

David Henstridge       Non Executive Chairman, Director

Nick DeMare  Chief Financial Officer, Director

Michael Hudson          Director

Robert Atkinson          Director

Gil Leathley    Advisor to the Board

Mariana Bermudez      Corporate Secretary

Folke Söderström        Manager, Swedish subsidiary

            Head Office: c/o Chase Management Ltd.

Email:  info@tasmanmetals.com

Address:          Suite 1305 - 1090 West Georgia St.

Vancouver, BC

Canada V6E 3V7

Telephone:       +1 604 699 0202

Fax:     + 1 604 683 1585