Tasmania Mines : 2017 February Quarterly Activities Report

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TASMANIA MINES LIMITED

ABN45 009 49l 990

Registered Office Aurora Place

Level33, 88 Phillip StreetSydney NSW 2000

Telephone [phone]

Facsimile [phone]

A ustralia

31 January 2017

The Manager

Australian Stock Exchange Limited GPO Box 100A

Hobart TAS 7001

Subject: December 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 131,045 tonnes of ore mined from the Kara No. 1 pit and delivered to the concentrator plant stockpiles. In addition, 188,961 tonnes of overburden was removed.

Comparative production figures are as follows :

Period Ended

31 December 2016

1. September 2016

2. December 2015

Milling Operation

Ore Production Tonnes 131,045

109,523

112,148

During the period, the concentrator plant treated 131,410 tonnes. A total production of 57,242 tonnes of dense medium magnetite were achieved.

Comparative production figures are as follows:

Period Ended

31 December 2016

1. September 2016

2. December 2015

Scheelite Tonnes 11

4

14

W03

Content

% 73

75

73

Dense Medium Magnetite Tonnes

57,242

35,235

35,113

Iron Ore Fines Tonnes

0

0

0

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Australian Stock Exchange Limited - Quarterly Activities Report Sales

Sales during the period were 58, 181 tonnes of dense medium magnetite for use in coal washeries.

Comparative sales figures are as follows:

Period Ended

31 December 2016

1. September 2016

2. December 2015

Exploration Dense Medium Magnetite Tonnes

58,181

50,649

45, 101

Iron Ore Fines Tonnes

0

0

0

Scheelite M.T.U.

1,893

1,834

There was no exploration drilling on the Kara Mine Lease during 04 of 2016 .

Yours faithfully,

Tasmania Mines Limited K.J. Broadfoot

Director

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