Talisman Mining Limited is a diversified Australian mineral exploration company with a clear strategy to grow shareholder value by exploring for and developing high-quality copper-gold and nickel assets in Western Australia.
Talisman Mining Limited (ASX: TLM) is a diversified mineral exploration company listed on the Australian Securities Exchange (ASX: TLM). Talisman’s strategy is to create shareholder value through discovery success at its Doolgunna Copper-Gold Projects in partnership with Sandfire Resources NL (ASX: SFR), and through exploration and resource growth at its 100%-owned Sinclair Nickel Project.
The Company’s Board and management team have extensive experience in the exploration, development and operation of base metals projects throughout Australia.
Talisman’s Doolgunna Copper-Gold Projects are located in the Bryah Basin region of Western Australia, immediately to the east and west of Sandfire Resources’ operating DeGrussa Copper-Gold Mine, one of the Asia-Pacific region’s premier high-grade copper mines.
Talisman’s three projects – Springfield, Halloween and Halloween West JV – are all highly prospective for copper-gold Volcanogenic Massive Sulphide (VMS) systems similar to those found at DeGrussa, with the recent Monty discovery confirming this potential.
The Doolgunna Projects are being explored under a farm-in agreement with Sandfire Resources, under which Sandfire will fully fund up to $15 million in exploration expenditure over a 5.5 year period to earn up to a 70% interest in the projects.
Talisman also owns the Sinclair Nickel Project which it acquired last year as a counter-cyclical growth opportunity in the nickel sulphide space with the potential to create significant value for shareholders.
Sinclair is located in the Agnew-Wiluna Greenstone belt of Western Australia and comprises an underexplored 290km2 tenement package hosting at least five known ultra-mafic volcanic sequences. The project also includes a fully-developed underground mine and extensive high-quality surface infrastructure with a replacement value of approximately $120M.
Talisman’s short-term strategy is to progress exploration at a number of recently identified targets at Sinclair with the potential to yield significant new discoveries. At the same time, it intends to develop potential production scenarios while the nickel price remains low, with the aim of being ready to move the mine into production when the nickel price strengthens.
(Further details on all projects are available in the Projects Section of this website.)