Rio Tinto Exploration Pty Limited, a wholly-owned subsidiary of Rio Tinto Limited, has signed a conditional agreement with Tasman Resources Limited for the funding of an accelerated exploration proram on Tasman's 100% owned Exploration Licence 4322 which contains the Vulcan prospect in South Australia.
Tasman Resources Ltd has entered into a Native Title Mining Agreement for Exploration in accordance with Part 9B of the South Australian Mining Act, with
the Kokatha Uwankara Native Title Claim Group, whose Native Title Claim covers most of the Exploration Licence (EL 4322) on which the Vulcan IOCGU project is located.
Figure 1: Vulcan residual bouguer gravity image with the location of Tasman’s eight holes drilled to date.
May 12, 2011
Tasman provided an update of drilling at its Vulcan Iron Oxide Copper-Gold-Uranium project including assay results, located about 30km north of Olympic Dam in South Australia.
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