TASMAN METALS LIMITED om manmetals.co www.tasm Strategic metals, strategic locations
Corporate Disclaimer Some of the statements contained in the following material may be "forward looking statements." All statements, other than statements of historical fact, that address activities, events or developments that Tasman Metals Ltd ( Tasman ) believes, expects or anticipates will or may occur in the future are forward looking statements. Forward looking statements are often, but not always, identified by the use of words such as "seek," "anticipate," "believe," "plan," "estimate," "expect," and "intend" and statements that an event or result "may," "will," "can," "should," "could," or "might" occur or be achieved and other similar expressions. These forward looking statements reflect the current expectationsor beliefs of Tasman based on information currently available to Tasman. Forward looking statements are subject to a number of risks and uncertainties that may cause the actual results of Tasman to differ materially from those discussed in the forward looking statements, and even if such actual results are realized or substantially realized, there can be no assurance that they will have the expected consequences to, or effects on Tasman. Factors that could cause actual results or events to differ materially from current expectations include, among other things, failure to successfully complete intended financings, capital and other costs varying significantly from estimates,production rates varying from estimates, changes in world metal markets, changes in equity markets, uncertainties relating to the availability and costs of financing needed in the future, equipment failure, unexpected geological conditions, imprecision in resource estimates, success of future development initiatives, competition, operating performance of facilities, environmental and safety risks, delays in obtaining or failure to obtain necessary permits and approvals from government authorities, and other development and operating risks. Any forward looking statement speaks only as of the date on which it is made and, except as may be required by applicable securities laws, Tasman disclaims any intent or obligation to update any forward looking statement, whether as a result of new information, future events or results or otherwise. Although Tasman believes that assumptions inherent in the forward looking statements are reasonable, forward looking statements are not guarantees of future performance and accordingly undue reliance should not be put on such statements due to the inherent uncertainty therein.
Corporate Overview & Strategy Focused on high tech strategic metals including Rare Earth Elements (REE) in Europe; The European Commission i is seeking to develop domestic supply capacity of strategic metals; COM(2008) 699 : The raw materials initiative meeting our critical needs for growth and jobs in Europe The EU is highly dependent on imports of high-tech metals such as cobalt, platinum, rare earths, and titanium. Though often needed only in tiny quantities, these metals are increasingly essential to the development of technologically sophisticated products in view of the growing number of their functionalities. The EU will not master the shift towards sustainable production and environmentally friendly products without such high tech metals. These metals play a critical role in the development of innovative environmental technologies for boosting energy efficiency and reducing greenhouse gas emissions. Hydrogen- fuel based cars require platinum-based catalysts. Electric-hybrid cars need lithium batteries and rhenium super alloys are an indispensible input for modern aircraft production Tasman s portfolio is uniquely placed, with the capacity to deliver high tech h h metals tl from politically stable, mining friendly jurisdictions. Brussels, 4.11.2008
Capital Structure CANADA: TSXv : TSM SHARES ON ISSUE: 35,696,397 FULLY DILUTED: 47,518,119 52 WEEK HIGH/LOW: N/A INSIDERS: 49% RECENT PRICE: C$ 0.25 MARKET CAP: C$ 9M CASH: C$ 2.55M
Tasman s Management Team DIRECTORS ALSO Mark Saxon (President & CEO) B.Sc.(Hons), GDipAppFin, MAusIMM, MAIG David Henstridge (Non Exec Chairman) B.Sc (Hons), FAusIMM, MAIG, MGSAust Robert Atkinson BComm Nick DeMare (CFO) BComm CA Michael Hudson B.Sc.(Hons), GDipAppFin, FAusIMM, MSEG, MAIG Gil Leathley Mining Engineer Advisory Board Mariana Bermudez Corporate Secretary Nick Nicolaas (Mining Interactive) IR
Strategic Metals Critical for Greening Economies Strategic metals, including Rare Earth Elements (REE s), gallium, tantalum and zirconium have long been known but only recently sought due to the critical role they play in high tech applications and energy efficient technologies; REE s are essential in production of hybrid/electric cars, solar panels, wind turbines, compact florescent lighting, high energy magnets, mobile phonesand computers; Due to their unique properties, REE s cannot be substituted; LIGHT REE S The EU has recognized development of high tech/high capital industries are dependant on secure REE supply. 57 La 58 Ce 59 Pr 60 Nd 61 Pm 62 Sm 63 Eu 64 Gd 65 Tb 66 Dy 67 Ho 68 Er 69 Tm 70 Yb 71 Lu + 39 Y HEAVY REE S
REE s A Growing Market Total global demand in 2009 forecast at 135 Mt pa rare earth oxides ( REO ), of which 95% will come from Chinese sources. Average price of US$10 US$12 per tonne is forecast with a total market value of US$1.5 billion; Market has grown from 40 Mt pa REO in 1985, when USA was the dominant producer; New production may come from North American and Australian suppliers; REE Consumption Segments by Value 2006 European supply has not been secured. High tech manufacturing industries in EU remain fully exposed to Chinese output.
REE s A Growing Market China has set production and export quotas and export taxes 175 REE Global Production and Consumption, 1950 to 2014 150 on REE s to strengthen local 125 manufacturing. Export licences 100 for REE s were reduced by 35% 75 in 2009 from 2008 levels; 50 China (production) Production n/demand k T pa China is committed to apply more stringent environmental legislation to REE mining, and not approve new mines; 25 Rest of World (production) 1960 1970 1980 1990 2000 2010 The Wall Steet Journal: China, Japan on collision course over rare-earth earth metals Kazunori Fukuda, deputy director of the nonferrous metals division at the Ministry of Economy, Trade and Industry, said: "If the Chinese export Japan is actively seeking new supply sources and has expressed concern at China s market strength. 28.05.2008 quota limits were the reality of what comes into Japan each year, we would be even more worried than we already are. All green technology depends on rare earth metals and all global trade in rare earth depends on China."
Europe s High-tech dependency Despite significant consumption, the European region does not currently produce any strategic metals The EU is mandated to improve the high tech raw material trade imbalance and protect domestic industry This EU strategy requires project development in mining i friendly regions like Scandinavia. 85% REE
Scandinavia The Home of REE s The region is well endowed with REE, including former mines. Many REE s were first discovered in Sweden, including cerium, erbium, holmium, lanthanum, scandium, terbium, thulium, ytterbium, yttrium. The REE mineral bastnäsite originates from the Swedish village of Bastnäs, where cerium ore was mined in the late 1800 s ; Scandinavia shows good examples of a range of REE deposit styles, including: Iron REE Deposits: iron oxide with skarn +/ apatite Carbonatites with Y, Ba, La, Se Pegmatites Peralkaline igneous rocks Per Teodor Cleve Carl Gustaf Mosander
om manmetals.co www.tasm Scandinavia Significant REE Resources Tasman: first mover advantage and has secured key European REE projects with substantial exploration histories; Global Resources in Kton REO (excluding China)
Scandinavian REE Projects Portfolio Tasman has applied for 100% ownership of a strong portfolio of REE projects in Sweden, Finland & Norway. Projects characterized by: excellent existing infrastructure; stable jurisdictions mining friendly countries traditional deposit styles former REE producing area... and therefore present an excellent opportunity to contribute to strategic metal security of the European Union. SAR NOR NOR: Norra Kärr ALM: Almunge SAR: Särna KOR: Korsnäs ALN: Alnön ALM ALN BIG KAT/KON KOR SOK IIV KAT/KON: Katajakangas/Kontioaho SOK: Sokli IIV: Iivaara BIG: Biggejav'ri
REE Projects - Sweden Overview First company to build a 100% owned REE portfolio in Sweden (claim applications); Norra Kärr BIG SOK Peralkaline nepheline syenite intrusion Project tis designated d f of national interest t by Swedish Geological Survey Intrusion covers: 400m x 1200m Costean sampling by Boliden returned elevated REE, Zr and Hf over the width of the intrusion Indicative grades from surface: 0.35 0.65% TREO*, 15 1.5 19%ZO2 1.9% ZrO2, 0.2 0.4% Hf * Samples were never assayed for 6 of the 9 high value HREE Almunge/ Särna/ Alnön Peralkaline/carbonatite ea a e/cabo atteintrusive tus eprojects SAR NOR ALM ALN KAT/KON KOR IIV
REE Projects - Finland Overview Tasman has applied for a past producing area and key historic resources in Finland; Katajakanka/Kontioaho BIG SOK Peralkaline intrusion associated mineralization References for historic resources being verified. IIV Korsnäs KAT/KON Claim applications cover and surround historic production area of 0.869 Mt @ 3.56% Pb, 0.83% TREO SAR ALN KOR Iivaara Large carbonatite intrusion within the Kola Alkaline Province. Sokli Fennite aureloe and margin of large carbonatite system held under application by Tasman NOR ALM
Norra Kärr Peralkaline Igneous Intrusion - Sweden Well known example of a REE Zr Y peralkaline igneous intrusion deposit, discovered in southern Sweden in 1906; Located in farming land east of Lake Vattern in central Sweden. The intrusion is 1.2km x 0.4km in size; Geological similarities to Lovozero REE mine (Russia), Pajarito Mnt (New Mexico), Kipawa Lake (Ontario), Strange Lake (Quebec) and Dubbo (Australia); Intrusion outline Minerals known to host tree include apatite, britholite, eudialyte, fergusonite, mosandrite. 025k 0.25 km
Norra Kärr Peralkaline Igneous Intrusion - Sweden Norra Kärr was explored for nepheline in the late 1940 s; by Boliden in 1970 s for Zr and Hf. Rli Relinquished ihdin 2001 and dt data only made available in 2009; Two trenches 500m apart sampled dby Boliden: 1 2 3 4 Northern trench Northern trench 244 m at 1.9 % ZrO2, 0.37% TREO* 5 6 7 8 Southern trench 149 m at 149% 1.49 ZrO2, 0.43% TREO* and 52 m at 1.47% ZrO2, 0.54% TREO* Based on the aerial extent of the Norra Kärr intrusion and grades from surface costean sampling, an exploration target range 1 to 55m depth can be defined as: 35 40Mt @ 0.4 0.6% 0406%TREO, 1519%ZrO 1.5 1.9% 2, 0204%Hf 0.2 0.4% * Samples were never assayed for 6 of the 9 higher value HREE. Grab samples subsequently assayed by Tasman show elevated HREE values. 1. The potential ti quantity and grade indicated d above is conceptual in nature, and there has been insufficient exploration to define a mineral resource. It is uncertain if further exploration will result in the target being delineated as a mineral resource. 1 2 3 4 5 Southern trench 6 7 8 250 m
1 2 3 4 Norra Kärr Trench Results Northern trench Southern trench 244 m at 1.9 % ZrO 2, 0.37% TREO* 149 m at 1.49 % ZrO 2, 0.43% TREO* and 52 m at 1.47% ZrO ZO 2, 0.54% TREO* TRENCH_ID ID LENGTH ZrO 2 % Hf% Nb 2 O 3 % TREO% Northern N1 47 0.17 0.004 0.009 0.06 N2 22 0.59 0.014 0.013 0.13 Northern trench N3 53 0.48 0.01 0.02 0.16 N4 67.5 2.15 0.04 0.043 0.35 5 6 7 8 N5 60.5 2 0.04 0.043 0.4 N6 60 1.94 0.04 0.049 0.45 N7 56 1.52 0.032 0.031 0.28 N8 32 0.55 0.012 0.009 0.097 TRENCH_ID ID LENGTH ZrO 2 % Hf% Nb 2 O 3 % TREO% Southern S1 25 0.9 0.017 0.006 0.07 S2 21.5 1.4 0.026 0.017 0.22 S3 63.5 1.66 0.028 0.027 0.42 S4 64 1.4 0.02 0.029 0.67 S5 66 0.47 0.008 0.011 0.38 S6 90 0.35 0.006 0.009 0.24 S7 17 1.47 0.02 0.029 0.71 S8 35 1.47 0.027 0.018 0.31 1 2 3 4 5 Southern trench 6 7 8 250 m
Norra Kärr HREE Dominant Recent sampling of 30 random and non representative rocks indicated elevated HREE; 30 samples ranged from 0.04% to 0.70% and averaged 0.32% TREO; HREO ranged from 24 68% and averaged 54% HREO of TREO; Eudialyte bearing Grännait from Norra Kärr Most known rare earth deposits are dominated by the LREE s and typically contain 1 3% HREO in the TREO; The resampling shows Norra Kärr has a high content of HREE s relative to LREE s. Boliden Test Quarry for Zirconium 1949
Norra Kärr Host Rocks to REE om manmetals.co www.tasm Nepheline syenite from southern trench, sample returned 64m @ 1.4% ZrO 2, 0.02% Hf, 0.029% Nb 2 O 3, 0.67% TREO* Nepheline syenite from northern trench, sample returned 67.5m @ 2.5% ZrO 2, 0.04% Hf, 0.043% Nb 2 O 3, 0.35% TREO*
Other Swedish REE Projects Särna: Peralkaline igneous intrusion exposed in a window through younger cover rocks. The exposed area is 3 km by 4 km, interpreted to be larger at depth. Associated with REE bearing peralkaline intrusions of the Oslo Rift ; Almunge: Nepheline syenite and associated rock types, surrounded by a well developed fenite aureole (Na + K rich contact rocks). k) The intrusion i covers 3 km x 3 km; Alnön: Tasman holds claim applications proximal to Alnön Sweden s largest carbonatite occurrence. Previously explored by Norsk Hydro (Yara). 1 km Outcrop of peralkaline syenite, Siksjoberget, Särna
Korsnas Historic REE Mine - Finland Tasman s Korsnas project surrounds former Pb REE mine of Korsnas in central western Finland; Claims Applications at Korsnas with drill holes Historic production of 0.9 Mt @ 3.56% Pb, 0.83% TREO from veins comprised of coarse grained calcite, feldspar, diopside, REEbearing apatite, scapolite, fluorite and barite, each up to 20m wide; Korsnas Mine and Plant Host rocks to mineralization are micaceous gneiss; A substantial drill hole database exists for the project. 1 km
Iron Projects in Kiruna Fe-Ore District, Sweden 100% owned portfolio of iron exploration projects in the Kiruna iron ore district of Northern Sweden; Portfolio includes projects with NI 43 101 compliant measured, indicated (18.6 Mt 37.7 % Fe), inferred resources (35.2 Mt @ 37.5 % Fe) and historic resources which include high Fe grades (5 Mt @ 65.5 % Fe); Portfolio includes projects with high grade iron, low P resources with potential to be direct shipping ore; District includes the World Class Kiruna and Malmberget iron ore oemines (LKAB) having gproduced 1.5 billion tonnes at oe over 60% iron.
Tasman Metals Ltd - Key Value Drivers Tasman has applied for 100% ownership of a strong portfolio of REE projects for strategic metals in a well-mineralized European terrain. The Scandinavian REE portfolio presents a unique combination of positive factors that will define the future value of the Company: The EU is actively supporting the domestic supply of strategic metals to secure their high tech industry; Tasman s project portfolio lies in mining friendly jurisdictions with strong transparent Mining Law; Existing infrastructure is second to none, with full road/power/water networks and a skilled workforce; Norra Kärr, the Company s flag ship property demonstrates a significant exploration target, a high HREE component and is drill ready; The Tasman team has extensive operating experience in the Scandinavian district, to bring projects forward effectively.
TASMAN METALS LIMITED CORPORATE OFFICE Suite 1305 1090 West Georgia St Vancouver, BC V6E 3V7 CANADA FOR MORE INFORMATION Mark Saxon President & CEO msaxon@tasmanmetals.com Ph: +1 (604) 685 9316 Fax: +1 (604) 683 1585 INVESTOR RELATIONS Mining i Interactive Corp www.mininginteractive.com Nick Nicolaas +1 (604) 657 4058 nick@mininginteractive.com
Appendix 1 - Abbreviations REE = rare earth elements, lanthanum to lutetium by atomic weight plus yttrium LREE = light rare earth elements, lanthanum to samarium by atomic weight HREE = heavy rare earth elements, europium to lutetium plus yttrium TREO = rare earth elements, calculated as oxides, including lanthanum to lutetium plus yttrium HREO = heavy rare earth elements, as per HREE above, calculated as oxides LREO = light rare earth elements, as per LREE above, calculated l as oxides
om manmetals.co www.tasm Appendix 2 Strategic Metals and Usage