Tasman Resources Limited has announced encouraging exploration results at its Vulcan project, where magneto telluric and seismic surveys have identified a significant conductive target roughly three kilometers northeast of its prior drill hole, VUD 008. The latest surveys, extending the original area covered in November 2024, have delineated an approximate seven‐square‐kilometer zone featuring a deep, 5-kilometer conductive feeder, which appears to be underpinned by mineralized basement sequences. Drill hole VUD 008, initially completed with a total depth of 1,079.5 meters, intersected a 179.75-meter section of mineralized and altered basement starting at 899.75 meters down-hole. The mineralization averaged 0.19% copper, 0.10 grams per tonne gold (after applying a 0.5 g/t cut), 0.02 kilograms per tonne U3O8, and 68 grams per tonne molybdenum. A higher-grade interval, beginning at 910 meters and displaying a copper grade of 0.63% with elevated copper/sulphur ratios due to the presence of copper-iron sulphide bornite, further underscores the target’s potential as a vector towards more commercially attractive mineralization. Enhanced geophysical imaging and the construction of a detailed 2D cross section reveal that the mineralized basement sequences are rising closer to the surface within this conductive corridor, extending nearly four kilometers to the northeast from the feeder zone, which itself is over one kilometer wide. This structural configuration, combined with data highlighting fluid pathways along basement faults, robustly supports the case for a large, previously unexplored target area that merits further exploration investment. Investors might view the news with a bullish lens, as the integration of magneto telluric, seismic, and drill hole data reinforces Tasman Resources Limited’s exploration strategy. The identification of the extensive conductive feeder and the improved copper/sulphur ratios in the new target area suggest potential for additional high-grade discoveries that could enhance the company’s asset base. Conversely, a bearish perspective is warranted given the inherent uncertainties of early-stage exploration. The interpretations, while based on robust geophysical data, remain probabilistic, and historical assay results have yet to be definitively converted into a recognized Mineral Resource. The promising indicators must be weighed against the typical risks associated with advancing exploration projects, where further validation is required before any economic benefits can be confirmed. Overall, Tasman Resources Limited’s latest announcement highlights a significant step forward in refining its geological model at the Vulcan project, offering both opportunities for future resource expansion and a reminder of the risks that early-stage exploration entails.