Quarterly Activities Report
Released
Released
Announcement PDF
Quarterly Activities Report
December 2015
29th January 2016
COMPANY SNAPSHOT
Highlights
Board of Directors
Alan Senior
Non-Executive Chairman
Gary Lethridge
Managing Director
Springfield Cu-Au Projects – (JV with Sandfire Resources NL)
Accelerated resource definition drilling program conducted by Sandfire at the Monty
high-grade VMS copper-gold discovery.
Brian Dawes
Non-Executive Director
Drilling currently on track to deliver a maiden Mineral Resource estimate for Monty in
the March 2016 quarter.
Karen Gadsby
Non-Executive Director
Key significant results from holes drilled during and since the end of the quarter
include (not true width):
Lower Zone
Contact Details
o
TLDD0026 - 7.3 metres grading 6.2% Cu and 2.8g/t Au from 325.6m downhole and 21.6 metres grading 34.4% Cu and 0.4g/t Au from 339.4m downhole
o
TLDD0061 - 25.8 metres grading 24.1% Cu and 0.5g/t Au from 299.0m
down-hole including a bornite rich zone of:
8.5 metres grading 41.8% Cu and 0.5 g/t Au from 315.4m
down-hole
o
TLDD0042 - 20.8 metres grading 14.9% Cu and 1.3g/t Au from 372.7m
down-hole
Telephone:
+61 8 9380 4230
Email:
info@talismanmining.com.au
Website:
www.talismanmining.com.au
Capital Structure
Shares on Issue:
148,559,904 (TLM)
Options on Issue:
6,400,000 (Unlisted)
Upper Zone
o
TLDD0029 - 8.3 metres grading 8.0% Cu and 1.1g/t Au from 173.9m downhole
Further regional exploration planned across the Springfield JV project at Monty
Deeps, step-out drilling along the Monty trend, Homer and other targets.
Sinclair Nickel Project
Successfully completed the maiden exploration program at Sinclair with five diamond
drill-holes at three target areas - Delphi North, Cody Well and Fly Bore prospects.
Assay results returned from diamond drill-hole, SND001, located at the Delphi North
Prospect, 4km south of the Sinclair nickel mine, including:
o
2.2 metres grading 1.9% Ni from 396.9m down-hole (true width not known at
this time; top of the intersection is approximately 348m below surface);
including:
Nickel sulphide mineralisation intersected over 600 metres of strike at highly
prospective Delphi North prospect.
Interpreted continuation of the fertile Sinclair ultramafic unit intersected at Cody Well
with stringer sulphide mineralisation.
Doolgunna Projects (JV with Sandfire Resources NL)
The Doolgunna Projects are a portfolio of high quality VMS copper-gold exploration projects in the Bryah
Basin region of Western Australia (see Appendix 1) that has recently seen the discovery of exceptionally
high grade copper-gold mineralisation at Monty which confirms the significant exploration potential of the
projects.
Talisman Mining Ltd (ASX: TLM) and Sandfire Resources NL (ASX: SFR) have formed a 30%:70% joint
venture over the Doolgunna Projects (the Joint Venture) following Sandfire’s sole funded expenditure of
$15 million on the Doolgunna Projects during the past two years.
Springfield Project
Exploration drilling, undertaken by Sandfire, has focused on resource definition of the Monty copper-gold
discovery with activities accelerated to enable a maiden Mineral Resource estimate to be prepared by the
end of the March 2016 quarter. During the December quarter, 12,185m of Diamond, 7,171m of Reverse
Circulation (RC) and 30,869m of Air Core Drilling has been completed at the Joint Venture, see Table 1.
Monty
Following the discovery of high-grade massive sulphide mineralisation at Monty during the June 2015
quarter, diamond and RC drilling has continued through the December 2015 quarter and beyond. The
drilling has focused on defining the extents of mineralisation and infill drilling to support an initial resource
estimate targeted for completion by the end of the March 2016 quarter.
Figure 1: Plan view of Monty showing collar locations of holes drilled to date, where assay
results have been received, and simplified interpreted geology
Monty Lower Zone
Resource definition drilling has continued and advanced at Monty, focused on defining the Monty Lower
Zone mineralisation. The aim of the drilling was twofold; edge definition and infill drilling to confirm the
continuity of the mineralisation.
During the quarter, additional drill rigs were employed to conduct the ongoing drill campaign with four
diamond rigs and one RC drill rig working on the Monty drill program by the end of the quarter. A number
of significant assays results from the Monty lower zone mineralisation were returned during this quarter.
Some of the better results included:
TLDD0021:
3.4 metres grading 17.9% Cu and 3.9g/t Au from 239.0m down-hole and;
8.0 metres grading 13.3% Cu and 1.8g/t Au from 286.2m down-hole
TLDD0025:
9.4 metres grading 7.2% Cu and 2.2g/t Au from 326.0m down-hole (down-hole width)
TLDD0027:
1.3 metres grading 11.5% Cu and 2.2g/t Au from 393.5m down-hole (down-hole width);
and
10.7 metres grading 6.2% Cu and 2.0g/t Au from 411.0m down-hole (down-hole width).
Following the end of the December 2015 quarter, further significant assays results have been returned
with some of the better results including:
TLDD0040:
5.0 metres grading 9.8% Cu and 2.9g/t Au from 334.7m – 339.7m
(down-hole width, top of intercept is 298m vertically below surface);
TLDD0042:
20.8 metres grading 14.9% Cu and 1.3g/t Au from 372.7m – 393.5m
(down-hole width, top of intercept is 314m vertically below surface);
TLDD0043:
11.3 metres grading 6.7% Cu and 2.9g/t Au from 392.2m – 403.5m
(down-hole width, top of intercept is 344m vertically below surface); and
TLDD0046:
13.9 metres grading 7.2% Cu and 2.3g/t Au from 332.7m – 346.56m
(down-hole width, top of intercept is 285m vertically below surface).
A complete list of significant assay results returned to date from the Monty Prospect is included in
Table 3.
The recent drilling results continue to substantiate initial interpretations of the orientation, grade and
extent of the mineralisation at Monty that were based on the initial wide-spaced exploration holes. As can
be seen, the interpretation of the Monty mineralisation is evolving with the closer spaced drilling (see
Figure 2 and Figure 3).
Talisman is encouraged by recent drilling results that both extend the limits of the Monty mineralisation to
the north-east and confirm the continuity of the mineralisation within the Monty lenses.
Talisman considers that potential exists to further extend the Monty Lower Zone mineralisation to the
north-east, as well as to the south-west, along strike from the currently interpreted mineralised extents
with further drilling (See Figure 3).
Resource drilling of the Monty Lower Zone is anticipated to continue through to early-February on a
nominal 40m x 40m pattern with the results to be used in calculating the maiden Mineral Resource
estimate for Monty by the end of the March 2016 quarter.
Figure 2: Interpretive cross-section of the Monty mineralisation (Lower Zone)
Figure 3: Vertical longitudinal projection of Monty showing drill-hole pierce-points at the top of the primary intercept shown in bold. All intercepts are down-hole widths.
A significant intersection is defined here as any intersection ≥ 3m estimated true width that has a grade of ≥ 2.0 % Cu, inclusive of non-mineralised material. To determine whether
intersections that are <3m estimated true width are significant in terms of the above definition, non-mineralised material has been included at a grade of 0.0% Cu (weighted by width)
until a 3m estimated true width is reached. If the overall grade remained >2.0% Cu, with the non-mineralised material included, then the intersection is considered significant.
Significant Extensions of Mineralisation to Monty Bornite Zone
Diamond drill-hole TLDD0026 reported in the September 2015 quarter has returned exceptional assay
grades of:
7.3 metres grading 6.2% Cu and 2.8g/t Au from 325.6m down-hole
(down-hole width, top of intercept is 275m vertically below surface); and
21.6 metres grading 34.4% Cu and 0.4g/t Au from 339.4m down-hole
(down-hole width, top of intercept is 286m vertically below surface).
Following the end of the December quarter, assay results were returned from holes TLDD0061 and
TLDD0036, which have intersected massive sulphides containing bornite and chalcopyrite
mineralisation both up-dip and along strike from the high-grade bornite-rich intersections in
TLDD0026.
TLDD0061, which is located approximately 22 metres up-dip of TLDD0026, reflecting an apparent
flattening of the dip of the mineralisation in this area, has returned the following intersections:
1.6 metres grading 7.9% Cu and 2.5g/t Au from 227.0m – 228.6m
(down-hole width, top of intercept is 199m vertically below surface);
1.5 metres grading 7.2% Cu and 0.2g/t Au from 231.0m – 232.5m
(down-hole width, top of intercept is 202m vertically below surface);
1.4 metres grading 3.5% Cu and 0.1g/t Au from 273.6m – 275.0m
(down-hole width, top of intercept is 241m vertically below surface); and
25.8 metres grading 24.1% Cu and 0.5g/t Au from 299.0m – 324.8m
(down-hole width, top of intercept is 263m vertically below surface), including:
o 14.9 metres grading 36.7% Cu and 0.4g/t Au from 309.0m – 323.9m, including a bornite
rich zone containing:
o 8.5 metres grading 41.8% Cu and 0.5 g/t Au from 315.4m – 327.9m.
TLDD0036, which is located approximately 43 metres to the north-east along strike from the
TLDD0026, returned the following intersections:
1.1 metres grading 3.8% Cu and 0.7g/t Au from 260.3m – 261.4m
(down-hole width, top of intercept is 231m vertically below surface);
9.6 metres grading 14.1% Cu and 1.5g/t Au from 292.3m – 301.9m
(down-hole width, top of intercept is 258m vertically below surface);
1.1 metres grading 1.2% Cu and 0.4g/t Au from 305.4m – 306.5m
(down-hole width, top of intercept is 269m vertically below surface);
3.9 metres grading 5.6% Cu and 1.4g/t Au from 312.2m – 316.1m
(down-hole width, top of intercept is 275m vertically below surface); including a bornite rich
zone containing:
o 0.4 metres grading 38.1% Cu and 0.2g/t Au from 315.1m – 315.5m; and
0.6 metres grading 1.8% Cu and 0.3g/t Au from 320.0m – 320.6m
(down-hole width, top of intercept is 282m vertically below surface).
The Bornite Zone now identified in three drill-holes is interpreted to be a sub zone of the Monty Lower
mineralisation that contains both bornite and chalcopyrite sulphide mineral species. The recent results
add significantly to the potential for the Bornite Zone to represent a significant zone of exceptionally high
grade copper mineralisation within the Monty mineralisation.
Monty Upper Zone
The Upper Zone at Monty incorporates the massive sulphide mineralisation intersected close to surface in
a number of drill-holes completed to date (see Figure 1 and Figure 3). A complete list of significant
intercepts reported to date is included in Table 3.
Significant assay results from drilling in the Monty Upper Zone received during the quarter, in addition to
those reported previously include:
TLDD0029
8.3 metres grading 8.0% Cu and 1.1g/t Au from 173.9m down-hole (down-hole width).
The spatial position of the host horizon intersected in drilling completed to date indicates that the host
horizon of the Upper Zone is very steeply dipping and may be locally overturned and dip at approximately
75° to the south-east.
Drill-hole TLDD0023A reported following the December 2015 quarter, intersected massive sulphide
mineralisation down-dip from previously reported intersections in the Upper Zone on the interpreted host
horizon between the upper and lower mineralised zones discussed previously (See Figure 3). This
intersection informs the interpretation that mineralisation is continuous between the upper and lower
zones. Significant assay results returned from hole TLDD0023A include:
TLDD0023A
7.4 metres grading 3.0% Cu and 0.8g/t Au from 232.5m down hole (down-hole width); and
3.5 metres grading 1.3% Cu and 0.2 g/t Au from 285.5m down hole (down-hole width).
Resource drilling to date has been focused on the definition of the Monty Lower Zone mineralisation.
Talisman understands that a diamond drill rig has been allocated to undertake planned drill-holes in the
Monty Upper Zone for inclusion in calculating the maiden Mineral Resource estimate for Monty.
Drilling of the Monty Upper Zone mineralisation is planned to test the potential for extensions to the
known mineralisation both to the north-east and south-west along strike and is anticipated to continue
through to mid-February.
Homer Trend
A series of drill-holes are planned at Homer, which is located 4km along strike to the east of the
DeGrussa Mine. Previous drill-holes, TLDD0001 (August 2014) and TLDD0003 (June 2015), both
intersected the interpreted extension of the DeGrussa C5 lens host VMS stratigraphy. This important
interpretation indicates the significant exploration potential of the Homer Trend to host accumulations of
VMS copper-gold mineralisation.
Drilling of the first hole in the series of planned holes at the Homer trend commenced prior to Christmas
with a diamond tail re-commencing following the Christmas break.
This drill-hole, TLDD0068, was located approximately 3.4km and 2.8km east–north-east of drill-holes
TLDD0001 and TLDD0003 respectively, and was targeted at a base metal and trace element
geochemical anomaly identified from historic drilling by Talisman.
The hole intersected predominantly dolerite lithologies and did not intersect the targeted DeGrussa C5
host horizon. No base metal sulphides were observed and assays are awaited.
TLDD0068 represented a substantial step-out from previous diamond drilling by Sandfire and the
interpreted host stratigraphy is not well constrained in this area by previous exploration. Detailed
interpretation of the drill-hole will provide a greater understanding of the hole’s location in the stratigraphic
sequence and may assist in better targeting of the prospective host horizon.
Down-hole electromagnetic (DHEM) surveying is planned prior to further drilling in this emerging area
along strike from DeGrussa.
Further Exploration Activity
Joint Venture activities for the coming quarter are planned to include exploration activities in addition to
the continuing definition and infill drilling of the Monty mineralisation.
These activities include drilling programs that are stepping further afield and actively targeting additional
accumulations of mineralisation along the 5km long Monty trend and also within the broader Springfield
Project, which remains extremely prospective for further discoveries.
Planned exploration activities include:
Drilling at the Homer Prospect (which has now commenced – see above);
RC drilling to the north-east of Monty along the prospective Monty Trend;
RC drilling of geochemical anomalies at Monty South and the Southern Volcanics;
First pass drilling and assessment of the newly identified Monty Deeps; and
Infill Air Core drilling at Monty South and first pass Air Core drilling of a potential structural exploration
target in the north-east of the Springfield Project.
Priority has been given by Sandfire to the completion of Monty resource definition drilling. As a
consequence, the timing of the planned exploration activities across the greater Doolgunna Projects is
dependent on the availability of the drilling resources employed by Sandfire on behalf of the Joint
Venture.
Scoping Studies Commenced
In addition to the exploration and resource definition drilling at Monty, initial scoping studies are underway
or planned to commence during the next two to three months. These initial study works include resource
modelling, mining studies, infrastructure assessments, as well as preliminary metallurgical, geotechnical,
hydrological and environmental studies.
Drill-hole Information Summary
The aggregate exploration metres drilled by Sandfire at the Springfield Project, as part of the Joint
Venture, along with hole information and co-ordinates of drill-holes are in Table 1 and Table 2
accompanying this announcement.
Farm-In / Joint Venture Agreement
As announced in Talisman’s September 2015 Quarterly Activities Report, Sandfire has provided notice
that as of 30 September 2015 it had sole-funded $10 million of exploration expenditure at Talisman’s
Doolgunna Projects. Following the satisfactory audit of this expenditure, Sandfire has now formally
earned a 51% interest in the Doolgunna Projects’ tenements. Formal transfer of the 51% interest was
registered with the Department of Mines and Petroleum on 17 December 2015.
During the quarter, Sandfire subsequently provided a further notice stating it had sole-funded a further
$5 million of exploration expenditure in order to earn an additional 19% interest in the Doolgunna
Projects. Talisman is currently auditing this claimed expenditure before formally transferring the 19%
interest to Sandfire. The terms of the original farm-in agreement (“Farm-in Agreement”) were announced
to the ASX on 20 December 2013.
Sandfire reached the $15 million expenditure threshold (project to date) during the December quarter. In
accordance with the Farm-In Agreement, Sandfire’s sole-funding obligation at Talisman’s Doolgunna
Projects has ceased and an unincorporated Joint Venture has been formed between Talisman and
Sandfire. Talisman will now fund 30 per cent of all Joint Venture expenditure with Sandfire funding the
remaining 70 per cent.
Sandfire has been appointed the initial Manager of the Joint Venture. The parties are presently
negotiating the terms of a Joint Venture Agreement. Pending this agreement, the Farm-in Agreement
continues to bind the parties.
The Joint Venture has held its first meeting in December 2015 to approve the budgeted expenditure of
$7.5 million on exploration over the three month period December 2015 to February 2016. This
programme and budget commenced in December 2015. Talisman’s share of this approved budget is
approximately $2.25 million and an initial cash call was paid prior to 31 December 2015.
Figure 4: Springfield Joint Venture Project tenement holding following lodgement of compulsory partial surrenders for tenements
E52/2313 and E52/2282
Sinclair Nickel Project (100% Talisman)
The Sinclair Nickel Project is located in the prolific Agnew-Wiluna Greenstone Belt in WA’s North-eastern
Goldfields, one of the world’s premier nickel provinces with over 9 million tonnes of reported contained
nickel metal. The Sinclair nickel deposit was discovered by the former highly successful nickel miner and
explorer, Jubilee Mines NL, in October 2005. It was developed and commissioned in 2008 by Xstrata
PLC and operated successfully before being placed on care and maintenance in August 2013, having
produced approximately 38,500 tonnes of nickel at an average life-of-mine head grade of 2.44% Ni.
Sinclair Nickel Project – Maiden Exploration Drilling Program
Following a detailed regional targeting program across the Sinclair Nickel Project and a high powered
fixed loop electromagnetic (FLEM) survey at the Delphi Prospect completed in the September 2015
quarter, Talisman completed its maiden exploration drill program at Sinclair during the December 2015
quarter.
Five diamond drill-holes were completed across three prospects at Delphi North, Cody Well and Fly Bore
for a total of 1,053 metres of diamond drilling and 1,960 metres of RC pre-collars.
Encouraging results were received in the first hole completed at Delphi. Detailed interpretation of results
from this campaign will continue towards advancing the Talisman’s geological understanding of the
prospects tested during this campaign and the prospectivity of the broader Sinclair Nickel Project.
This information will be used to refine the
ongoing exploration strategy and future
exploration programs.
Delphi North Prospect
Two diamond drill-holes were completed at
Delphi North (see Figure 5) targeting
historical DHEM anomalies and a moving-loop
electromagnetic (MLEM) anomaly.
As previously reported, drill-hole SND001 (see
Figure 5 and Table 4), which targeted the
interpreted MLEM anomaly, intersected a
number of massive, matrix and breccia
sulphide horizons in a deformed sequence of
host ultramafic and basaltic rock units.
The assay results (previously reported; see
ASX announcement dated 6 November 2015)
confirm that SND001 intersected a zone of
nickel sulphide mineralisation with final assays
returning an overall intercept of:
Figure 5: Delphi Prospect interpretive plan showing a close-up of
the Delphi North Prospect & drill-holes SND001 and SND002
2.2m at 1.9% Ni from 396.9m downhole (true width not known at this time; top of
the intersection is approximately 348ms below
surface).
Narrow zones of massive nickel sulphides within this overall intersection returned assay results
including:
0.6m at 2.19% Ni from 396.9m down-hole (true width not known at this time); and
0.5m at 2.94% Ni from 398.6m down-hole (true width not known at this time).
Photograph of massive nickel sulphides intersected in diamond drill-hole SND001 at the Delphi North Prospect
The main sulphide intersection within the hole is represented by a total of 1.4 metres of massive,
matrix and breccia sulphides within a 2.2 metre interval, with narrow zones of strongly foliated
basaltic rocks from 396.9m to 399.1m down-hole (true width not known at this time). The vertical depth of
this intersection is approximately 348m below surface.
Drill-hole SND002, (see Figure 5 and Table 4) which was completed approximately 100m south of
SND001, intersected a narrow zone of stringer sulphides within a highly deformed, complex sequence of
ultramafic, basaltic and sedimentary rock units. While the stringer sulphides intersected by this hole are
not interpreted to host significant mineralisation, the hole demonstrates the continuity of the fertile
ultramafic horizon at Delphi North.
In conjunction with historical intersections at Delphi North, the recent drilling has now defined nickel
sulphide mineralisation over a strike length of 600m. Talisman interprets these results to represent a
fertile mineralised environment that has the potential to host significant mineralisation, and Talisman will
continue detailed work to unlock this potential.
The surface MLEM program undertaken at the Delphi Prospect in the September 2015 quarter was
successful in targeting exploration towards accumulations of nickel sulphide mineralisation, and the
recent nickel sulphide intersections at Delphi North has given Talisman confidence that it has access to
the best and most appropriate exploration tools for the discovery of new nickel sulphide occurrences. With
the success of the recent MLEM and drilling program, Delphi Prospect is a very strong exploration target
corridor.
Both drill-holes completed at Delphi North have been prepared to facilitate DHEM surveys that will be
conducted in due course.
Cody Well Prospect
The Cody Well Prospect is located approximately 3km north of the
Sinclair Nickel Mine (see Figure 6).
One diamond drill-hole was completed at Cody Well to target a
priority EM anomaly interpreted to lie in a favourable stratigraphic
position along strike from the Sinclair deposit and an associated
coincident geochemical anomaly.
The hole, SND003, intersected narrow stringer sulphides in the
stratigraphic hanging wall position and a narrow ultramafic unit which
is interpreted to represent the extension of the fertile Sinclair
ultramafic unit. Visual inspection of the mineralisation identifies
Pyrrhotite as the dominant nickel-bearing sulphide mineral with
accessory pyrite and chalcopyrite.
No significant assay results were returned from this drill-hole,
however Talisman considers the identification of the fertile Sinclair
ultramafic unit at Cody Well to represent a significant advance in
early stage exploration of this area.
A DHEM survey will be completed at a later date and is expected to
Figure 6: Cody Well prospect showing provide greater definition for the source of the surface FLEM anomaly
interpreted geology, geophysical anomaly and any other potential conductors along strike.
and location of drill-hole SND003
Fly Bore Prospect
The Fly Bore prospect is located ~15km north of the
Sinclair Nickel Mine and hosts more than 10km of
prospective ultramafic stratigraphy.
As part of the exploration program Talisman has
completed two diamond drill-holes to target reinterpreted geophysical anomalies identified as part
of the project targeting review (See Figure 7).
Drill-hole SND004 was drilled to target coincident
historic DHEM and FLEM anomalies that lie in an
interpreted favourable stratigraphic position.
The hole intersected 0.5m of matrix and brecciastyle sulphides on the contact between the
ultramafic rocks and the interpreted basaltic footwall
sequence.
Disseminated sulphides were also encountered
over a zone of 36 metres within high magnesian
ultramafic rocks above the matrix and breccia Figure 7: Fly Bore Prospect showing interpreted geology,
sulphides. Visual inspection of the sulphide geophysical anomalies and location of drill-holes SND004 and
SND005
mineralisation has identified pyrrhotite as the dominant sulphide mineral with accessory chalcopyrite also
noted. No significant assays were received from the analysis of these samples.
Drill-hole SND005 was drilled to target a historic FLEM anomaly interpreted to lie in a favourable
stratigraphic position. The hole intersected a sequence of sheared ultramafic rocks over approximately
10 metres but did not intersect any visible sulphide mineralisation.
Bedrock drilling across the Fly Bore Prospect remains very sparse with exploration of the area considered
still to be at a very early stage. Talisman is encouraged by the intersection of sulphide mineralisation at
the interpreted base of a significant ultramafic sequence and will use these recent results to advance the
company’s exploration strategy for this area.
DHEM surveys will also be completed in the future on these holes to help guide future exploration
activities.
Future Work
Talisman made the decision to rationalise exploration activities at Sinclair Nickel Project in light of current
market conditions and depressed nickel prices. This is consistent with the Talisman’s desire to focus its
available resources on the exploration of Monty and the wider Springfield Project which present
opportunities most likely to enhance shareholder value in the short to medium term.
The maiden exploration program at Sinclair Nickel Project represents the first phase of a larger exploration
strategy for the project which will in the future utilise bedrock drilling to target new discoveries outside of the
Sinclair deposit.
High priority targets within the Sinclair Nickel Project remain to be tested at numerous prospects including
Fly Bore and Delphi with ongoing exploration programs such as surface MLEM, geochemistry and bedrock
drilling being developed for these areas.
Detailed interpretation of the drill-holes completed in this exploration program will continue and is
expected to provide further information towards greater definition and re-evaluating exploration targets
across the project.
Corporate
At the end of the quarter, Talisman had cash reserves of $9 million.
ENDS
For further information, please contact:
Gary Lethridge – Managing Director
on +61 8 9380 4230
For media inquiries, please contact:
Nicholas Read – Read Corporate
on +61 419 929 046
Competent Persons’ Statement
Information in this report that relates to Exploration Results is based on information compiled by Mr Graham Leaver, who is
a member of the Australian Institute of Geoscientists. Mr Leaver is a full-time employee of Talisman Mining Ltd and has
sufficient experience which is relevant to the style of mineralisation and types of deposit under consideration and to the
activities undertaken to qualify as a Competent Person as defined in the 2012 Edition of the “Australian Code for Reporting
of Mineral Resources and Ore Reserves”. Mr Leaver consents to the inclusion in this report of the matters based on
information in the form and context in which it appears.
Table 1: Aggregate exploration metres drilled at the Doolgunna Projects
Aggregate exploration metres drilled by Sandfire on the Springfield Project during the September quarter:
Aircore/RAB Drilling
RC Drilling
Diamond Drilling
Total
30,869 metres
7,171 metres
12,185 metres
50,225 metres
Table 2: Drill-hole Information Summary, Springfield Project
Details and co-ordinates of all relevant drill-hole collars at the Monty and Homer prospects are provided in the
table below:
Hole ID
Depth
Dip
Azimuth
Grid_ID
East
North
RL
Lease ID
Hole Status
TLDD0001
1099.1
-62°
357°
MGA94_50
740146
7174150
589
E52/2313
Complete
TLDD0002A
463
-61°
110°
MGA94_50
743544
7171211
602
E52/2282
Complete
TLDD0003
658
-62°
355°
MGA94_50
740596
7174550
589
E52/2313
Complete
TLDD0004A
817
-60°
148°
MGA94_50
743588
7171281
601
E52/2282
Complete
TLDD0005
478
-62°
139°
MGA94_50
743544
7171210
602
E52/2282
Complete
TLDD0006
554
-62°
140°
MGA94_50
743469
7171174
601
E52/2282
Complete
TLDD0007
589
-62°
138°
MGA94_50
743504
7171271
601
E52/2282
Complete
TLDD0008
688
-62°
138°
MGA94_50
743441
7171223
600
E52/2282
Complete
TLDD0009
472
-61°
140°
MGA94_50
743578
7171190
602
E52/2282
Complete
TLDD0010
433
-62°
142°
MGA94_50
743514
7171138
601
E52/2282
Complete
TLDD0011
472
-62°
141°
MGA94_50
743451
7171092
598
E52/2282
Complete
TLDD0012
598
-62°
140°
MGA94_50
743403
7171155
599
E52/2282
Complete
TLDD0014
399
-62°
143°
MGA94_50
743638
7171231
603
E52/2282
Complete
TLDD0015
376
-62°
146°
MGA94_50
743561
7171073
602
E52/2282
Complete
TLDD0016
274
-61°
147°
MGA94_50
743621
7171119
604
E52/2282
Complete
TLDD0017
236
-62°
146°
MGA94_50
743686
7171166
605
E52/2282
Complete
TLDD0018
340
-62°
146°
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