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MarketScreener Homepage  >  Equities  >  Australian Stock Exchange  >  Tasman Resources Ltd    TAS   AU000000TAS5

TASMAN RESOURCES LTD

(TAS)
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Tasman Resources Ltd : - Lake Torren IOCG Project, Drilling Commenced

11/16/2020 | 10:29am EST

Tasman Resources Ltd (ASX: TAS) is pleased to advise that drilling on the Lake Torrens IOCG Project (EL6416) has commenced.

The project is currently held 100% by Tasman and FMG Resources Ltd, a subsidiary of Fortescue Metals Group Ltd (ASX: FMG 'Fortescue') is in the process of earning an interest pursuant to the terms of a Farm In and Joint Venture Agreement.

Initial planned activities by Fortescue will comprise two angled deep diamond drill holes in the Vulcan North gravity anomaly.

Contact:

Tel: +618 9282 5889

(C) 2020 Electronic News Publishing, source ENP Newswire

Stocks mentioned in the article
ChangeLast1st jan.
FORTESCUE METALS GROUP LIMITED 4.03% 25.3 End-of-day quote.7.98%
TASMAN RESOURCES LTD 1.47% 0.069 End-of-day quote.72.50%
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Financials
Sales 2020 2,45 M 1,90 M 1,90 M
Net income 2020 -3,89 M -3,02 M -3,02 M
Net Debt 2020 4,58 M 3,55 M 3,55 M
P/E ratio 2020 -3,52x
Yield 2020 -
Capitalization 42,2 M 32,7 M 32,7 M
EV / Sales 2019 6,51x
EV / Sales 2020 7,46x
Nbr of Employees -
Free-Float 51,0%
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Managers and Directors
NameTitle
Gregory Howard Solomon Executive Chairman
Aaron Philip Gates Chief Financial Officer & Secretary
Douglas Howard Solomon Non-Executive Director
Guy T. Le Page Non-Executive Director
Robert N. Smith Senior Geologist
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