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TASMANIA MINES LIMITED

ABN 45 009 491990

RegisteredOffice Aurora Place

Level33, 88 Phillip Street Sydney NSW 2000

Australia

Teleph one (02) 92514244

Facsimi le (02) 9247 2322

26 April 2017

The Manager

Australian Stock Exchange Limited GPO Box 100A

Hobart TAS 7001

Subject: March 2017 - 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 109,359 tonnes of ore mined from the Kara No. 1 pit and delivered to the concentrator plant stockpiles. In addition, 347,198 tonnes of overburden was removed.

Comparative production figures are as follows:

Period Ended

31 March 2017

31 December 2016

31 March 2016

Milling Operation

Ore Production Tonnes 109,359

131,045

72,818

During the period, the concentrator plant treated 112,961 tonnes .A total production of 52,752 tonnes of dense medium magnetite were achieved.

Comparative production figures are as follows:

Period Ended

31 March 2017

31 December 2016

31 March 2016

Scheelite Tonnes

2

11

5

W03

Content

% 73

73

73

Dense Medium Magnetite Tonnes

52,752

57,242

48,456

Iron Ore Fines Tonnes

0

0

0

Page 1/2

Australian Stock Exchange Limited - Quarterly Activities Report Sales

Sales during the period were 48, 729 tonnes of dense medium magnetite for use in coal washeries.

Comparative sales figures are as follows:

Period Ended

31 March 2017

31 December 2016

31 March 2016

Exploration Dense Medium Magnetite Tonnes

48,729

58, 181

39,763

Iron Ore Fines Tonnes

0

0

0

Scheelite M.T.U.

0

0

0

There was no exploration drilling on the Kara Mine Lease during 01 of 2017.

Yours faithfully,

Tasmania Mines Limited Ken Broadfoot

Director

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Tasmania Mines Limited published this content on 26 April 2017 and is solely responsible for the information contained herein.
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