Talisman Mining Limited (ASX:TLM) is a well-funded Australian exploration company with a diversified portfolio of projects located in world-class mineral provinces in New South Wales and South Australia and a clear vision to deliver value and growth for its shareholders through discovery success.
The Company’s core focus is on the 100%-owned Lachlan Base Metal and Copper-Gold Project, which covers an extensive strike extent along the Gilmore Suture within the richly mineralised Cobar/Mineral Hill region in Central New South Wales, a world-class metal province.
Recent drilling at Lachlan has resulted in two emerging base metal discoveries – an extensive lead-zinc-silver discovery at the Rip N Tear prospect and an exciting emerging discovery at the Durnings Prospect which appears to host distinct zones of lead-zinc-silver and high-grade copper-gold mineralisation.
A major exploration campaign is underway including Reverse Circulation and diamond drilling with supporting geophysics to follow up these emerging discoveries.
In addition, Talisman has also commenced its maiden exploration campaign at the 100%-owned Mabel Creek IOCG Project in South Australia. Mabel Creek spans a 1,048km2 ground position in the Gawler Craton, with surrounding tenure held by mining majors including BHP, Rio Tinto and FMG.
Talisman’s exploration programs are underpinned by its strong balance sheet, supported by an uncapped 1% gross revenue royalty over the Wonmunna Iron Ore Project in Western Australia, operated by Mineral Resources Limited (ASX: MIN). This royalty has delivered $20.8 million in receipts to the end of 2023, effectively making the Company a self-funded explorer.
Talisman has an experienced leadership team with a diverse skillset and strong exploration DNA. The Company’s Board of Directors has significant “skin in the game”, collectively holding over 20% of the Company’s issued capital, with Chairman Kerry Harmanis a major shareholder at 18.6%.