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TASMANIA MINES LIMITED

ABN 45 009491 990

Registered Office Aurora Place

Level 33, 88Phillip Street Sydney NSW 2000

Telephon e (02) 9251 4244

Facsimile(02) 92472322

Au strali a

17 October 2016

The Manager

Australian Stock Exchange Limited GPO Box 100A

Hobart TAS 7001

Subject: September 2016 - Quarterly Activities Report

Dear Sir,

During the quarter, production of dense medium magnetite for use in coal washeries continued .

Mining

Mining from Kara No.1 continued during the period with 109,523 tonnes of ore mined from the Kara No. 1 pit and delivered to the concentrator plant stockpiles. In addition, 60,955 tonnes of overburden was removed.

Comparative production figures are as follows:

Period Ended

30 September 2016

30 June 2016

30 September 2015

Milling Operation

Ore Production Tonnes 109,523

83,832

78,610

During the period, the concentrator plant treated 86,840 tonnes. A total production of 45,245 tonnes of dense medium magnetite were achieved.

Comparative production figures are as follows:

Period Ended

30 September 2016

30 June 2016

30 September 2015

Scheelite Tonnes

4

5

12

W03

Content

% 75

73

73

Dense Medium Magnetite Tonnes

35,235

45,245

47,369

Iron Ore Fines Tonnes

0

0

0

Page 1/2

Australian Stock Exchange Limited - Quarterly Activities Report Sales

Sales during the period were 50,649 tonnes of dense medium magnetite for use in coal washeries.

Comparative sales figures are as follows:

Period Ended

30 September 2016

30 June 2016

30 September 2015

Dense Medium Magnetite Tonnes

50,649

45,034

46,972

Iron Ore Fines Tonnes

0

0

0

Scheelite M.T.U. 1,893

0

1,834

Exploration

There was no exploration drilling on the Kara Mine Lease during 03 of 2016.

Yours faithfully,

Tasmania Mines Limited K.J. Broadfoot

Director

Page 2/2

Tasmania Mines Limited published this content on 17 October 2016 and is solely responsible for the information contained herein.
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