InvestSMART

Tasman Resources Limited (ASX:TAS)

ALERT: Price-sensitive ASX Announcement for TAS
Current share price for TAS : $0.038 -0.006 (-13.64%)+
Announcement
Release
27 Jul 2026 9:39AM
Price at Release
$0.044
Full Release
download
Summary
Tasman Resources Limited (ASX:TAS) announced expanded upcoming drilling campaigns at two projects in South Australia: the Lake Torrens IOCG project and the Parkinson Dam project. At Lake Torrens, FMG Resources Pty Ltd, a subsidiary of Fortescue, holds a 51% interest and plans to drill two holes at the Titan West target. The drilling is set to begin in late August 2026, pending rig availability. At Parkinson Dam, Tasman plans to drill up to 20 new holes starting in September 2026, subject to rig availability and government approval. This expanded program results from a comprehensive review of geophysical data and prior drill results, which identified 20 new high-priority targets, replacing the previous six. Both projects are located in the Gawler Craton precinct, known for world-class IOCG mines, and have significant potential for high-grade mineralisation.
Key Points
  • Upcoming drilling campaigns at Lake Torrens and Parkinson Dam projects in South Australia.
  • FMG Resources (a Fortescue subsidiary) holds 51% interest in Lake Torrens; drilling at Titan West target.
  • Drilling at Lake Torrens to commence in late August 2026.
  • Tasman to drill up to 20 new holes at Parkinson Dam, starting in September 2026.
  • 20 new high-priority targets identified at Parkinson Dam after a comprehensive data review.
  • Projects located in Gawler Craton, known for world-class IOCG mines.
  • Significant potential for high-grade epithermal and hydrothermal mineralisation at Parkinson Dam.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.