Announcement PDF 29 April 2024 Strong Copper-Gold and Base Metal Intercepts Confirm Significant Discovery at Durnings Thick, high-grade intercepts including 28.3m @ 4.3g/t Au, 0.9% Cu, 3.8% Pb, 0.7% Zn, and 26.5g/t Ag containing massive sulphide zones. Highlights: • Exceptional assay results returned from diamond hole DRRCD0019, drilled adjacent to the discovery hole DRRCD0006 at the Durnings Prospect, part of the 100%-owned Lachlan Project in NSW. The results confirm two zones of strong, high-grade mineralisation: • Base Metals Zone – 25.2 metre zone containing massive, semi-massive, matrix and laminated galena-sphalerite-silver and lesser chalcopyrite-gold from 198.0m downhole. Assays include: ▪ 7.5m at 1.5% Pb, 2.2% Zn, 23.6g/t Ag, 0.3% Cu, 0.31g/t Au from 198m to 205.5m and ▪ 7.4m at 6.7% Pb, 2.9% Zn, 137g/t Ag, 0.2% Cu, 0.24g/t Au from 218.8m to 226.2m including: ▪ 1.7m at 26.5% Pb, 7.8% Zn, 558g/t Ag, 0.7% Cu, 0.81g/t Au from 224.5m to 226.2m containing 1.1m of massive sulphide • Copper-Gold Zone – 28.3 metre zone containing massive, matrix and blebby chalcopyrite-galena-sphalerite-gold-silver from 370.5m down-hole in an extensively altered quartz-carbonate vein breccia. Assays include: ▪ 28.3m at 4.03g/t Au, 0.9% Cu, 3.8% Pb, 0.7% Zn, and 26.5g/t Ag from 370.5m to 398.8m down-hole, including: ▪ 10.0m at 7.94g/t Au, 1.0% Cu, 9.9% Pb, 1.5% Zn and 61.3g/t Ag from 374m to 384m down-hole, including: ▪ 3.5m at 21.2g/t Au, 1.6% Cu, 11.8% Pb, 2.4% Zn and 84.7g/t Ag from 379.5m down-hole; and ▪ 7.8m at 4.11g/t Au, 1.8% Cu, 1.0% Pb, 0.6% Zn, and 16.3g/t Ag from 391m to 398.8m. • A total of 13 Stage 2 RC and diamond holes have been completed (DRRC0012 to DRDD0024) with assays awaited. • Down-hole electromagnetic (DHEM) surveys underway on DRRCD0019 to identify potential extensions of the high-grade mineralisation. • Stage 3 drilling planned to commence shortly to follow-up the high-grade copper-gold and base metals zones once additional assay results and DHEM survey results are returned. Talisman Mining Limited (ASX: TLM, Talisman) is pleased to report assay results for the key Reverse Circulation and diamond drill-hole DRRCD0019 completed recently as part of the Stage 2 follow-up drilling program at the Durnings Prospect, part of its 100%-owned Lachlan Project in central NSW. Significant mineralised zones logged and visually reported in this hole (see ASX announcement 27 March), have now returned strong high-grade base metal assay results (as expected from visual observations of massive, semi-massive and disseminated galena-sphalerite-chalcopyrite) in the Upper Base Metal Zone. In addition, exceptionally high-grade precious metals assay results have been returned from the Lower Zone of chalcopyrite-galena-sphalerite-quartz-carbonate veins and breccia intersected at depth, confirming the discovery of a significant high-grade copper-gold lens in addition to the base metals. Collectively, the results show that Durnings is emerging as a significant greenfields base and precious metal discovery, with substantial potential for Talisman’s shareholders. The immediate focus of follow-up exploration is a down-hole EM (DHEM) survey of DRRCD0019 and DRRCD0006 to determine potential extensions of the high-grade zone. Mineralisation encountered to date should be highly conductive. Durnings is located approximately 25km north of Condobolin and 35km south-east of the Company’s Rip n Tear discovery within the Lachlan Project area (see Figure 1). High-grade base metal results were previously reported (see ASX announcements 14 December 2023, 9 January 2024) from Talisman’s initial 1,710m broad-spaced 6-hole RC drilling program (DRRC0006 to DRRC0011), completed in November 2023. Figure 1 – Durnings Project location plan highlighting prospect locations along the Canbelego-Mineral Hill Volcanic Belt. Figure 2 – Durnings RC drilling and follow-up RC and diamond drilling over GAIP survey image. See Figure 3 for Cross Section A-A’. (See ASX announcements 14 December 2023, 9 January 2024). Figure 3 – Central Section A-A’ Durnings. RC holes DRRC0013 to DRRC0016 plotted with pXRF for zinc-sulphur on drill trace. (See Note 1). Broad zones of zinc- sulphur anomalism in DRRC0013, DRRC0014, DRRC0015 and DRRC0016 are implying several parallel zones of mineralisation. Note the drill trace of DRRCD0019 intersected the Base Metals Zone and Copper-Gold Zone within the chargeability anomaly defined by PDIP isoshells. Blue (14mV/V), Orange (18mV/V) and Pink (22mV/V) chargeability isoshells. Note 1. Cautionary Statement Determination of mineralisation has been based on geological logging, visual observation and confirmation using a pXRF machine. No pXRF results are reported however the tool was used to verify the mineralisation. pXRF readings may not be representative of the average concentrations of the elements of interest in a certain volume of material. As such, pXRF results are used as a logging/sampling verification tool only. Laboratory analysis will be required to determine the level of mineralisation contained in the mineralised zones. Visual estimates of mineral abundance or anomalism recorded on pXRF should never be considered a proxy or substitute for laboratory analyses where concentrations or grades are the factor of principal economic interest. Visual estimates also potentially provide no information regarding impurities or deleterious physical properties relevant to valuations. Geology and Mineralisation The Durnings prospect is characterised by felsic volcanic rocks of the Mineral Hill Volcanic sequence (MHV). The MHV of Silurian-Devonian age has been mapped within Talisman’s tenure south of Mineral Hill and contains four prospects: Boona, Kaolin Shaft, Hilltop and Durnings in the central part of the sequence. The MHV package extends to Gunawyle in the north and Brooklyn in the south, a distance of 15km. Underlying the MHV sequence is the Ordovician age Girilambone Formation (See Figure 1). A series of NW-SE oriented shear zones and faults straddle the sequence and are interpreted as tapping buried Devonian age granite intrusions which outcrop at locations such as Wilmatha and are the source of the heat, fluids and metals for the mineralisation at both Mineral Hill, Durnings and other related prospects in the area. Results DRRCD0019 Drilling in DRRCD0019 comprised an RC pre-collar of 100m and HQ diamond core from 100m to 452.9m down-hole. The hole was drilled at 70 degrees towards grid west to intersect the target zone defined by DRRCD0006 at approximately 200m down-hole and the deeper Pole-Dipole Induced Polarisation (PDIP) geophysical target at approximately 350m down-hole (Figure 3). The deeper zone target is coincident with a broad chargeability model located at approximately 300m below surface from re-processed Pole-Dipole Induced polarisation (PDIP) survey data over the Durnings and Boona areas. The diamond core in DRRCD0019 intersected two significant zones of sulphide mineralisation containing galena, sphalerite and chalcopyrite in various styles and forms. These include: ▪ Base Metals Zone – 198m to 205.5m – 7.5m down-hole (see Figure 4, Table 1, Table 2 and Note 1): o Disseminated, blebby, matrix and stringer sulfides (pyrite, pyrrhotite sphalerite, galena, chalcopyrite) within weakly sheared and brecciated carbonate and chlorite altered very fine-grained volcaniclastics. o 7.5m at 1.5% Pb, 2.2% Zn, 23.6g/t Ag, 0.3% Cu, 0.31g/t Au from 198m to 205.5m 198m Tray 31 – 195.13m to 198.1m Tray 31 – 198.2m to 201.1m Tray 32 – 201.1m to 204.2m 205.5m Tray 33 – 204.2m to 207.6m Figure 4 – Base Metals mineralised zone DRRCD0019. Refer Table 1 for Mineral abundance estimates and Table 2 for significant intersections. ▪ Base Metals Zone – 218.8m to 226.2m- 7.4m down-hole (see Figure 5, Table 1, Table 2 and Note 1): o o Disseminated, blebby pyrite, pyrrhotite, galena, sphalerite, chalcopyrite with a massive and semi-massive sulfide zone (224.5m-226.2m) dominated by galena and sphalerite, within weakly sheared and brecciated carbonate chlorite altered, very fine-grained volcaniclastics. This zone assayed: ▪ 7.4m at 6.7% Pb, 2.9% Zn, 137g/t Ag, 0.2% Cu, 0.24g/t Au from 218.8m to 226.2m including: ▪ 1.7m at 26.5% Pb, 7.8% Zn, 558g/t Ag, 0.7% Cu, 0.81g/t Au from 224.5m to 226.2m containing 1.1m of massive sulphide. See Note 2 Note 2 – assay determination of Pb% is cut to a maximum of 40% Pb - the upper detection limit of the assay method requested from ALS. Two (2) samples both of 0.5m downhole width corresponding to the massive sulphide zone are affected by this upper limit and have been assigned 40% Pb in the significant intersections grade estimate. ▪ The Base Metals Zone intersected in DRRCD0019 is adjacent to and is visually similar to the mineralisation previously intersected in the discovery hole DRRCD0006, which assayed: ▪ 42m at 2.3% Pb, 25.3g/t Ag, 1.3% Zn, 0.09% Cu, 0.43g/t Au from 246m to endof-hole (EOH) at 286m, including: ▪ 6m at 10.3% Pb, 126g/t Ag, 3.5% Zn, 0.4% Cu and 1.93g/t Au from 274m to 280m (see ASX announcements 14 December 2023, 9 January 2024) 218.8m ▪ Tray 37 – 218 m to 221.4 m 7.4m mineralised Zone at 6.7% Pb, 137g/t Ag, 2.9% Zn, 0.2% Cu, 0.24g/t Au Tray 38 – 221.4 m to 224.7m 1.7m at 26.5 % Pb, 7.8 % Zn, 0.7% Cu, 557.5 g/t Ag, 0.81 g/t Au -inlcudes 1.1 m massive sulfides 226.2m Tray 39 – 224.7m to 228.1m q abundance estimates. Figure 5 – Base Metals Mineralised Zone DRRCD0019. Refer Table 1 for Mineral ▪ Copper-Gold Zone – 374m to 398.8m (see Figure 6, Figure 7, Figure 8, Table 1, Table 2 and Note 1): o 28.3 metre zone of quartz sulphide breccia mineralisation west dipping, discordant to bedding. ▪ o 28.3m at 4.03g/t Au, 0.9% Cu, 3.8% Pb, 0.7% Zn, and 26.5g/t Ag from 370.5m to 398.8m down-hole, including: Two zones 10.0m and 7.8m downhole width - Quartz sulphide breccia with disseminated, blebby galena, chalcopyrite, sphalerite and pyrrhotite within Girilambone sediments. See Figure 6, Figure 7 and Figure 8. Assays include: ▪ 10.0m at 7.94g/t Au, 1.0% Cu, 9.9% Pb, 1.5% Zn and 61.3g/t Ag from 374m to 384m down-hole, including: ▪ 3.5m at 21.2g/t Au, 1.6% Cu, 11.8% Pb, 2.4% Zn and 84.7g/t Ag from 379.5m down-hole; and ▪ 7.8m at 4.11g/t Au, 1.8% Cu, 1.0% Pb, 0.6% Zn, and 16.3g/t Ag from 391m to 398.8m. 374m Tray 85 – 372.7 m to 375.9m Tray 86 –375.9m to 379.05m Figure 6 – Deep Mineralised Zone DRRCD0019 – Quartz Vein breccia with Galena, Chalcopyrite and Sphalerite from 374m to 384m down-hole. The 10m downhole intersection assays 7.94g/t Au, 1.0% Cu, 9.9% Pb, 1.5% Zn and 61.3g/t Ag. Refer Table 1 for Mineral abundance estimates and Table 2 for significant intersection details. 391m Tray 90– 389 m to 392.45m Tray 91 – 392.45 m to 395.7m 398.8m Tray 92 – 395.7 m to 399.3m Figure 7 – Copper-Gold Mineralised Zone DRRCD0019 – Quartz Vein breccia with Galena, Sphalerite and Chalcopyrite from 391m to 398.8m down-hole. The 7.8m downhole intersection assays 4.11g/t Au, 1.8% Cu, 1.0% Pb, 0.6% Zn and 16.3g/t Ag Refer Table 1 for Mineral abundance estimates and Table 2 for Significant Intersection details. Figure 8 – Copper-Gold Mineralised Zone DRRCD0019 – Mineralisation styles and textures 374m to 399.1m down-hole. Upper Panel (field of view 27cm) - Massive sphalerite-galena-quartz. Lower Panel (Field of view 16cm) – Chalcedonic vein textures with interstitial Chalcopyrite-gold-silver. Information relating to the observed sulphide intercepts: 1. The nature of the sulphide minerals • Fine-grained massive sulphide • Fine-grained semi-massive sulphide • Fine-grained disseminated sulphide • Coarse grained clustered sulphide • Coarse grained blebby sulphides • Sulphide as vein and breccia zone matrix fill • Sulphide in stringy shears and bands 2. Minerals observed: • The minerals visually observed in the drillcore are as follows: • Chalcopyrite, • Galena, • Sphalerite, • Pyrite, • Pyrrhotite. 3. Estimates of abundance of minerals observed The estimated abundance of minerals where observed is as follows: Hole ID From (m) To (m) Length (m) Min Style (Major) Min Style Chalcopyrite Galena (Minor) DRRCD00019 198 202 4.0 Veins disseminated DRRCD00019 202 205.5 3.5 Veins matrix DRRCD00019 205.5 217.4 11.9 DRRCD00019 217.4 224.5 7.1 Veins DRRCD00019 224.5 226.1 1.6 massive DRRCD00019 226.1 242.3 16.2 Blebby Veins DRRCD00019 242.3 259 16.7 Blebby Veins 1-2% DRRCD00019 259 310.4 51.4 Veins clusters 1-2% 1-2% DRRCD00019 310.4 331.6 21.2 clusters 0.1% 0.1% DRRCD00019 331.6 359.6 28.0 clusters 0.1% 0.1% DRRCD00019 359.6 374 14.4 Veins 0.2% 0.1% DRRCD00019 374 384 10.0 Semi massive Veins 2-3% 7-10% DRRCD00019 384 390 6.0 clusters Veins 0.2% DRRCD00019 390 399.1 9.1 Semi massive breccia 3-5% 1% 0.5% 1% 5% 10% disseminated stringy Sphalerite Pyri t e Pyrrhotite 15% 0.1%-1% 0.1-1% 1% 4%-5% 1% 0.1-1% 70% 20% 9-10% 1-2% 1-2% 1-2% 0.5-1% 2% 1% 3% 1% Table 1 – Summary sulphide mineral abundance logging from DRRCD0019. Referenced to Figures 4, 5, 6, 7, and 8. Note 1. Cautionary Statement Determination of mineralisation has been based on geological logging, visual observation and confirmation using a pXRF machine. No pXRF results are reported however the tool was used to verify the mineralisation. pXRF readings may not be representative of the average concentrations of the elements of interest in a certain volume of material. As such, pXRF results are used as a logging/sampling verification tool only. Laboratory analysis will be required to determine the level of mineralisation contained in the mineralised zones. Visual estimates of mineral abundance or anomalism recorded on pXRF should never be considered a proxy or substitute for laboratory analyses where concentrations or grades are the factor of principal economic interest. Visual estimates also potentially provide no information regarding impurities or deleterious physical properties relevant to valuations. The Company has recently completed the Stage 2 RC and diamond drilling at Durnings comprising 11 RC holes, DRRC0012 to DRRC0022, for 2,306 metres and 10 diamond holes DRRCD0006, DRRCD0008, DRRCD0010, DRRCD0011, DRRCD0015, DRRCD0019, DRRCD0021, DRRCD0022 as diamond tails from RC holes and DRDD0023 and DRDD0024 as diamond holes from surface for a total of 1,614m of core. These holes were designed to provide an assessment of potential parallel mineralised zones and the strike extent of the Base Metal Zone of mineralisation intersected in DRRCD0006 and DRRCD0019 and the Copper-Gold-Quartz Breccia Zone intersected in DRRCD0019 as reported. Two additional sections located 80m north and 80m south of the central section have been drilled. See Figure 2 and Table 3 for RC, RCD and DD hole locations. Several of these holes have intersected various zones of anomalous Pb-Zn-Cu-Sulphide mineralisation as indicated by pXRF field analysis. Assays for the remaining 10 RC holes and the remaining nine diamond holes are awaited. These samples have been submitted to the assay lab and are expected to be returned in approximately 1 to 3 weeks. Indicative zones of anomalous zinc sulphide mineralisation, based on pXRF analysis (see Note 1.) in the RC holes within the central section which contains DRRCD0006 and DRRCD0019 are shown on Figure 3. Next Steps Structural and geological analysis of the recent drilling is now underway. Immediate exploration work targeting the high-grade base metal and copper-gold zones has commenced with DHEM surveys currently underway on all diamond holes and selected RC holes to determine if off-hole conductors can be located and modelled. Subsequent exploration work with additional Stage 3 drilling, immediately along strike and down-dip of the intersection in DRRCD0019 and DRRCD0006 will to be undertaken once assay results are returned for the step-out section holes and DHEM survey results are received, processed and interpreted. Planning and approval application for Stage 3 drilling is underway with commencement scheduled for the June quarter. Management Comment Talisman’s Managing Director, Andrew Munckton, said: “The Stage 2 drill program at Durnings that intersected impressive visual base metal and copper-gold mineralised intersections has now well and truly delivered with these exceptional assay results – confirming that Durnings is a standout greenfields discovery comprising two distinct zones. “The Base Metal zone intersected in the original discovery hole DRRCD0006 – which intersected a high-grade zone of 6 metres grading 10.3% Pb, 126g/t Ag, 3.5% Zn, 0.4% Cu and 1.93g/t Au – has now been followed up with DRRCD0019, which is a spectacular hole in every sense! “DRRCD0019 has intersected two high-grade base metal zones which have matched or exceeded the grades seen in DRRCD0006. This includes a 7.4 metre zone grading 6.7% Pb, 137g/t Ag 2.9% Zn, 0.2% Cu, 0.24g/t Au including a standout high-grade massive and semi-massive sulphide zone of 1.7 metres grading 26.5% Pb, 558g/t Ag, 7.8% Zn, 0.7% Cu, 0.81g/t Au. “This zone comprises extremely high-value polymetallic mineralization which shows that the highgrade zone intersected in hole DRRCD0006 was definitely not a one-off. This massive sulphide zone now becomes a primary target for follow up exploration. “In addition, the hole also intersected a highly significant copper-gold rich zone deeper in the hole, which has returned spectacular assays of 28.3m at 4.03g/t Au, 0.9% Cu, 3.8% Pb, 0.7% Zn, and 26.5g/t in a chalcopyrite, gold and disseminated sulphide-rich quartz vein breccia. “Several sections of this wide intercept returned outstanding high-grade assay results such as 3.5m at 21.2g/t Au, 1.6% Cu, 11.8% Pb, 2.4% Zn and 84.7g/t Ag associated with semi-massive base metal and precious metal sulphides from 379.5m down-hole. “Both high-grade zones offer huge potential and represent very exciting exploration targets for the Company. In light of this, we recently initiated a program of down-hole EM surveying to search for additional off-hole conductors across the 2.0km strike length of GAIP anomalism tested to date with RC and diamond drilling. Results from the down-hole EM survey program should be available in approximately two weeks. “Talisman’s geological team have been systematically stepping north and south of the discovery hole line to test the extent of the target zone, aided by the surface GAIP model and the deeper PDIP model developed recently. Geological indicators suggest we have potentially intersected the Base Metal Zone with RC drilling 80m north and 80m south of the discovery line. Assays for these RC holes are awaited. “Once assay results for the recently completed drilling, down-hole EM and detailed structural analysis of the diamond cores are complete, a further program of Stage 3 follow-up drilling will be planned and commence this quarter.” Ends For further information, please contact: Andrew Munckton - Managing Director on +61 4 3563 5598 Nicholas Read (Media inquiries) on +61 4199 29046 This release has been authorised by the Board of Talisman Mining Limited. Table 2: Diamond drill-hole assay intersections for Mineralized Zones (Significant Intersections) Details of significant diamond drilling intersections in DRRCD0019 for the Durnings prospects by Talisman are provided below. From To Interval (m) Au g/t Cu % Pb (%) Zn (%) Ag g/t Comments 13.00 14.00 1.00 0.54 0.00 0.26 0.03 0.94 Weathered Rock DRCD0019 172.00 174.00 2.00 0.06 0.15 0.85 1.30 5.93 Fresh Rock DRCD0019 198.00 205.50 7.50 0.31 0.33 1.49 2.16 23.61 Fresh Rock DRCD0019 218.82 226.20 7.38 0.24 0.18 6.69 2.94 137.05 Fresh Rock 224.50 226.20 1.70 0.81 0.72 26.53 7.76 557.53 Fresh Rock (including 1.1m Massive Sulp) DRCD0019 242.00 243.00 1.00 0.19 0.01 0.36 0.82 2.55 Fresh Rock DRCD0019 249.00 250.00 1.00 0.14 0.02 0.49 0.46 3.65 Fresh Rock DRCD0019 266.00 288.00 22.00 0.10 0.08 0.36 0.52 2.67 Fresh Rock DRCD0019 298.00 299.00 1.00 0.05 0.01 0.56 0.76 2.26 Fresh Rock DRCD0019 309.50 310.36 0.86 1.07 0.62 0.66 0.44 11.56 Fresh Rock DRCD0019 331.00 332.00 1.00 0.67 0.02 0.01 0.01 0.44 Fresh Rock DRCD0019 370.50 398.80 28.30 4.03 0.92 3.78 0.75 26.52 Fresh Rock Hole Intersections DRCD0019 DRCD0019 Including DRCD0019 Including 374.00 384.00 10.00 7.94 1.05 9.87 1.53 61.31 Fresh Rock DRCD0019 Including 379.50 383.00 3.50 21.21 1.62 11.79 2.37 84.71 Fresh Rock DRCD0019 Including 391.00 398.80 7.80 4.11 1.76 0.98 0.62 16.25 Fresh Rock Exploration Licence EL8660 EL8660 EL8660 EL8660 EL8660 Prospect Hole ID Durnings Durnings Durnings Durnings Durnings DRRC0001 DRRC0002 DRRC0003 DRRC0004 DRRC0005 EL8660 Durnings DRRCD0006 EL8660 Durnings DRRC0007 EL8660 Durnings DRRCD0008 EL8660 Durnings DRRC0009 EL8660 Durnings DRRCD0010 EL8660 Durnings DRRCD0011 EL8660 EL8660 EL8660 Durnings Durnings Durnings DRRC0012 DRRC0013 DRRC0014 EL8660 Durnings DRRCD0015 EL8660 EL8660 EL8660 Durnings Durnings Durnings DRRC0016 DRRC0017 DRRC0018 EL8660 Durnings DRRCD0019 EL8660 Durnings DRRCDD0020 EL8660 Durnings DRRCD0021 EL8660 EL8660 EL8660 Durnings Durnings Durnings DRRC0022 DRDD0023 DRDD0024 Hole Type RC RC RC RC RC RC & DD RC RC & DD RC RC & DD RC & DD RC RC RC RC & DD RC RC RC RC & DD RC & DD RC & DD RC DD DD -75 -60 -59 -60 -58 Azimuth (MGA 94) 12 130 132 131 132 EOH Depth 186 210 216 216 210 287 -60 50 403.5 6386566 285 -61 47 238 505691 6386868 294 -61 47 298.7 505639 6387024 290 -60 51 322 505829 6386739 289 -60 49 315.7 505988 6386156 285 -60 50 384.4 505988 505990 506049 6386344 6386340 6386395 283 283 281 -60 -60 -60 47 56 53 118 214 280 506049 6386395 281 -60 228 423.7 506079 505998 505936 6386420 6386457 6386406 280 281 282 -60 -60 -60 52 50 55 244 214 214 506079 6386420 280 -75 236 452.9 506101 6386334 281 -75 232 326.8 505988 6386457 281 -75 235 375.9 506040 505749 505754 6386282 6386641 6386929 283 289 296 -75 -74 -55 236 15 51 304 251.4 249 Easting Northing RL Dip 505741 505894 505844 505793 505741 6386634 6386759 6386773 6386837 6386879 289 291 291 293 295 505927 6386293 505819 Table 3: Drill-hole information summary - Durnings Details and coordinates of the RC, RCD and DD holes relevant to this release. Note 1. Cautionary Statement Determination of mineralisation has been based on geological logging, visual observation and confirmation using a pXRF machine. No pXRF results are reported however the tool was used to verify the mineralisation. pXRF readings may not be representative of the average concentrations of the elements of interest in a certain volume of material. As such, pXRF results are used as a logging/sampling verification tool only. Laboratory analysis will be required to determine the level of mineralisation contained in the mineralised zones. Visual estimates of mineral abundance or anomalism recorded on pXRF should never be considered a proxy or substitute for laboratory analyses where concentrations or grades are the factor of principal economic interest. Visual estimates also potentially provide no information regarding impurities or deleterious physical properties relevant to valuations. About Talisman Mining Talisman Mining Limited (ASX:TLM) is an Australian mineral development and exploration company. The Company’s aim is to maximise shareholder value through exploration, discovery and development of complementary opportunities in base and precious metals. Talisman has secured tenements in the Cobar/Mineral Hill region in Central NSW through the grant of its own Exploration Licenses and through a joint venture agreement. The Cobar/Mineral Hill region is a richly mineralised district that hosts several base and precious metal mines including the CSA, Tritton, and Hera/Nymagee mines. This region contains highly prospective geology that has produced many long-life, high-grade mineral discoveries. Talisman has identified several areas within its Lachlan Cu-Au Project tenements that show evidence of base and precious metals endowment which have had very little modern systematic exploration completed to date. Talisman believes there is significant potential for the discovery of substantial base metals and gold mineralisation within this land package and is undertaking active exploration to test a number of these targets. Talisman also has secured access to over 1000 km2 of highly prospective tenure in South Australia’s Gawler Craton known as the Mabel Creek Project. Mabel Creek is prospective for large scale Iron Oxide Copper Gold (IOCG) deposits and intrusion related rare earths and battery metals mineralisation. Mable Creek is surrounded by similar tenure owned and being actively explored by Australia’s biggest resource companies including BHP, Rio Tinto and FMG. Competent Person’s Statement Information in this announcement that relates to Exploration Results and Exploration Targets is based on, and fairly represen ts information and supporting documentation compiled by Dr Tim Sharp, who is a member of the Australasian Institute of Geoscientists. Dr Sharp is a full-time employee of Talisman Mining Ltd and has sufficient experience which is relevant to the style of mineralisation and types of deposits under consideration and to the activities undertaken to qualify as a Competent Person as defined in the 2012 Edition of the “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Dr Sharp has reviewed the contents of this announcement and consents to the inclusion in this announcement of all technical statements based on his information in the form and context in which they appear. Forward-Looking Statements This ASX release may include forward-looking statements. These forward-looking statements are not historical facts but rather are based on Talisman Mining Ltd.’s current expectations, estimates and assumptions about the industry in which Talisman Mining Ltd operates, and beliefs and assumptions regarding Talisman Mining Ltd.’s future performance. Words such as “anticipates”, “expects”, “intends”, “plans”, “believes”, “seeks”, “estimates”, “potential” and similar expressions are intended to identify forwardlooking statements. Forward-looking statements are only predictions and are not guaranteed, and they are subject to known and unknown risks, uncertainties, and assumptions, some of which are outside the control of Talisman Mining Ltd. Past performance is not necessarily a guide to future performance and no representation or warranty is made as to the likelihood of achievement or reasonableness of any forward-looking statements or other forecast. Actual values, results or events may be materially different to those expressed or implied in this presentation. Given these uncertainties, recipients are cautioned not to place reliance on forward looking statements. Any forward-looking statements in this announcement speak only at the date of issue of this announcement. Subject to any continuing obligations under applicable law and the ASX Listing Rules, Talisman Mining Ltd does not undertake any obligation to update or revise any information or any of the forward-looking statements in this announcement or any changes in events, conditions, or circumstances on which any such forward looking statement is based. Appendix 2 JORC Tables Section 1 & 2 Section 1 Sampling Techniques and Data (Criteria in this section apply to all succeeding sections) Criteria Sampling techniques Drilling techniques JORC Code explanation • Nature and quality of sampling (e.g. cut channels, random chips, or specific specialised industry standard measurement tools appropriate to the minerals under investigation, such as down-hole gamma sondes, or handheld XRF instruments, etc.). These examples should not be taken as limiting the broad meaning of sampling. • Include reference to measures taken to ensure sample representivity and the appropriate calibration of any measurement tools or systems used. • Aspects of the determination of mineralisation that are Material to the Public Report. In cases where ‘industry standard’ work has been done this would be relatively simple (e.g. ‘reverse circulation drilling was used to obtain 1 m samples from which 3kg was pulverised to produce a 30 g charge for fire assay’). In other cases, more explanation may be required, such as where there is coarse gold that has inherent sampling problems. Unusual commodities or mineralisation types (e.g. submarine nodules) may warrant disclosure of detailed information. • Drill type (e.g. core, reverse circulation, openhole hammer, rotary air blast, auger, Bangka, sonic, etc) and details (e.g. core diameter, triple or standard tube, depth of diamond tails, face-sampling bit or other type, whether core is oriented and if so, by what method, etc). Commentary • • • • • • • • • Drill sample recovery • • Method of recording and assessing core and chip sample recoveries and results assessed. Measures taken to maximise sample recovery and ensure representative nature of the samples. RC Drilling samples are collected at either one metre or two metre intervals via a drill rig mounted cyclone and static cone splitter set to a 12% split to produce a nominal 4-7kg sample which was collected in a pre-numbered sample bag. RC samples undergo routine 1 metre composite pXRF analysis using an Olympus Vanta M-series to aid in logging and identifying zones of interest. Diamond core samples, either PQ, HQ3 or NQ2 in size diameter, were either cut in half longitudinally or a quarter longitudinally, using an automated Almnonte core saw Core was placed in boats, holding core in place. Core sample interv