Highlights

  • Tasman Resources is preparing exploration programs at the Lake Torrens and Parkinson Dam projects in South Australia.
  • The Lake Torrens copper-gold target is being advanced under a joint venture arrangement with Fortescue.
  • Parkinson Dam exploration is focused on gold, silver and base metal targets.

Tasman Resources (ASX:TAS) is a South Australian-focused mineral exploration company advancing copper-gold, gold, silver and base metal projects. The company’s key Assets include the Lake Torrens project, being explored through a joint venture arrangement, and the wholly owned Parkinson Dam project.

What happened

Tasman Resources closed at AUD 0.030 on 25 September 2026, down 6.25% during the session.

The company’s share price movement occurred without a new company announcement during the trading session.

Tasman continues to progress exploration activities across its South Australian project portfolio, with future updates expected from planned drilling programs at Lake Torrens and Parkinson Dam.

How it got here

The latest major update from Tasman Resources was released on 24 July 2026, outlining planned drilling activities at the Titan West prospect within the Lake Torrens project and at the Parkinson Dam project.

The Lake Torrens project is located approximately 30 kilometres north of BHP’s Olympic Dam operation and is held under a joint venture arrangement with Fortescue.

The Titan West prospect is an iron oxide copper-gold (IOCG) target, with planned diamond drilling designed to test the geological system.

Heritage surveys were completed as part of the preparation work for the drilling program, and the company was progressing required approvals for exploration activities.

Tasman’s Parkinson Dam project is located on the south-eastern Margin of the Gawler Craton and is wholly owned by the company.

The project includes multiple exploration targets covering epithermal, IOCG and porphyry mineralisation styles. The company has identified additional targets and planned drilling programs to evaluate these areas.

Historical exploration results from the PD63 prospect include intersections of gold and silver mineralisation, including:

  • 21 metres at 21 g/t gold and 83 g/t silver.
  • 9 metres at 31 g/t gold and 152 g/t silver within the broader zone.

The funding

Tasman Resources completed a Placement of approximately $4.0 million in June 2026 to support exploration activities.

The company also received additional funds from the sale of Eden Innovations listed options.

Exploration expenditure at Lake Torrens is being managed under the joint venture arrangement, while the company is funding activities at Parkinson Dam.

The bigger picture

Tasman Resources is focused on advancing exploration projects within South Australia’s mineral-rich regions.

The company’s portfolio includes copper-gold targets within the Gawler Craton, an area known for large-scale mineral systems, as well as gold, silver and base metal exploration opportunities.

Future progress will depend on drilling outcomes, geological assessments, approvals and ongoing exploration activities across its projects.

What to watch

  • Confirmation of drilling progress at the Titan West prospect.
  • Results from planned exploration programs at Lake Torrens.
  • Commencement of drilling activities at Parkinson Dam.
  • Assay results from completed drill holes.
  • Updates regarding the Fortescue joint venture.