EXPLORATION & DEVELOPMENT

Tasman soars on heritage clearance

TASMAN Resources shares surged more than 30% after it announced Vulcan joint venture partner Rio Tinto will fund a drilling campaign now that heritage approval has been granted for nine drill sites at the iron ore-copper-gold-uranium prospect in South Australia.

Andy Graham

Tasman soars on heritage clearance

Vulcan is just 30km from BHP Billiton's Olympic Dam mine and Tasman believes the mineralisation is similar. Rio Tinto agreed to farm into Vulcan in October last year and made an initial payment of...

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