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Tasman Resources ( (AU:TAS) ) has issued an announcement.
Tasman Resources reported a solid financial position for the December 2025 quarter, with $1.5 million in cash and a shareholding in Eden Innovations valued at $6.5 million, underpinning ongoing exploration activities. At the Lake Torrens IOCG Project, recent magnetotelluric surveying at the Titan West prospect has identified deep conductive targets coincident with previously drilled copper-bearing intervals at the nearby Vulcan prospect, while work continued to refine optimal drill locations for testing combined gravity, magnetic and MT anomalies. The company also advanced its wholly owned Parkinson Dam Project in the Gawler Craton, planning to drill six priority IOCG, epithermal and porphyry-style targets in 2026 following an independent geophysical review, building on historic high-grade gold-silver intersections at the PD63 prospect. Fortescue, Tasman’s joint venture partner at Lake Torrens, has so far invested about $7 million and can increase its stake to 80% through further funding, highlighting strong partner commitment and the strategic significance of the IOCG targets for both parties and their stakeholders.
The most recent analyst rating on (AU:TAS) stock is a Hold with a A$0.04 price target. To see the full list of analyst forecasts on Tasman Resources stock, see the AU:TAS Stock Forecast page.
More about Tasman Resources
Tasman Resources is an Australian mineral exploration company focused on iron oxide-copper-gold (IOCG), gold, silver and related mineral systems, primarily in South Australia’s Gawler Craton. Its portfolio includes a 49% interest in the Lake Torrens IOCG Project in joint venture with Fortescue and 100% ownership of the Parkinson Dam Project, supported by a strong balance sheet and a significant shareholding in Eden Innovations.
Average Trading Volume: 999,162
Technical Sentiment Signal: Sell
Current Market Cap: A$17.74M
Find detailed analytics on TAS stock on TipRanks’ Stock Analysis page.