Talisman Mining Ltd 80% - Murchison Resources Pty Ltd 20%

The Trilbar Project is situated in the Peak Hill goldfield, Western Australia, approximately 160km north west of Meekatharra. The Trillbar Project covers a suite of rocks dominated by the Proterzoic aged Bryah and Padbury Basins, including over 30km strike of the Narracoota Volcanic Formation, known to be highly prospective for VMS style Cu/Au mineralisation.

Existing exploration activities to date have not appraised the potential of the Naracoota Volcanic Formation to host Cu/Au mineralisation within the Trillbar Project but have focussed on defining high-grade lode-gold mineralisation, including the definition of the Boundary Gold Resource, gold mineralisation at Winja as well as numerous drill ready targets possibly indicating further Boundary or Winja type gold mineralisation.

Ongoing works, as a priority will concentrate upon delineating the potential of the Naracoota Volcanic Formation to host VMS Cu/Au mineralisation through the re-evaluation of existing exploration datasets, as well as carrying out complimentary geochemical sampling programs within the Trillbar Project.

The Trillbar Project area also hosts extensive Banded Iron Formations with the potential for substantial high-grade hematite resources typical of the Mid West region of Western Australia. Outcropping areas of these BIFs have returned very encouraging rock chip results (up to 65% Fe), however at this stage remain effectively untested by drilling.

The project also remains prospective for shallow calcrete-hosted Uranium (carnotite) mineralisation, as well as for high-grade (cosmetic-grade) talc mineralisation (as occurs in the excised encompassed Mt Seabrook Talc Operations).