Announcement PDF 11 January 2024 By e-lodgement Replacement Announcement : More Wide Lead-Zinc-Silver-Copper-Gold Intercepts at Durnings Talisman Mining Ltd (ASX:TLM, Talisman or Company) refers to the Company’s announcement dated 9 January 2024 “More Wide Lead-Zinc-Silver-Copper-Gold Intercepts at Durnings” (“Announcement”) . An updated version of the Announcement is attached, incorporating the following amendments: • • Inclusion of additional JORC Table disclosures regarding: o Drilling procedures relating to diamond drilling at the Rip nTear Prospect; and o GAIP survey procedures at Durnings; and An updated version of Figure 3, showing corrected geographical co-ordinate data. Authorised for release by: Alex Neuling Company Secretary 1 11 January 2024 – Replacement of Announcement Dated 9 January 2024 More Wide Lead-Zinc-Silver-Copper-Gold Intercepts at Durnings Large new target identified from GAIP survey Highlights: • Assay results received from additional Reverse Circulation (RC) drill-holes completed recently at the Durnings Prospect, part of the 100%-owned Lachlan Project in NSW. • The drilling, which was designed to test Gradient Array Induced Polarisation (GAIP) chargeability anomalies, resulted in the discovery of a significant mineralised zone prior to Christmas: DRRC0006 (reported 14 December 2023) o 24m at 1.5% Pb, 15.6g/t Ag, 0.2% Zn, 0.02% Cu, 0.04g/t Au from 18m to 42m: o 42m at 2.3% Pb, 25.3g/t Ag, 1.3% Zn, 0.09% Cu, 0.43g/t Au from 244m, including: § • 6m at 10.3% Pb, 126g/t Ag, 3.5% Zn, 0.4% Cu and 1.93g/t Au from 274m to 280m. Assays have now been returned for holes DRRC0008 to DRRC0010, which intersected significant zones of disseminated galena (lead) (Pb), silver (Ag), sphalerite (zinc) (Zn), chalcopyrite (copper) (Cu) and gold (Au) in sulphide-rich altered volcanic rocks: DRRC0008 o 28m at 0.4% Pb, 7.8g/t Ag, 0.7% Zn, 0.02% Cu, 0.11g/t Au from 4m to 32m including: § o 10m at 0.5% Pb, 10.8g/t Ag, 1.8% Zn, 0.03% Cu, 0.15g/t Au from 22m to 32m 30m at 0.4% Pb, 2.7g/t Ag, 0.8% Zn, 0.01% Cu, 0.07g/t Au from 124m to 154m DRRC0009 o 4m at 0.1% Pb, 14.1g/t Ag, 0.1% Zn, 0.77% Cu, 0.42g/t Au from 32m; and o 6m at 0.5% Pb, 5.4g/t Ag, 0.7% Zn, 0.19% Cu, 0.29g/t Au from 72m: DRRC0010 o 10m at 0.9% Pb, 7.1g/t Ag, 2.2% Zn, 0.04% Cu, 0.24g/t Au from 156m, and o 10m at 0.4% Pb, 3.9g/t Ag, 0.7% Zn, 0.01% Cu, 0.39g/t Au from 232m. • Three of the six holes (DRRC0006, DRRC0010 and DRRC0011) were suspended in sulphide mineralisation. These holes will be extended with diamond core drilling once the diamond drill rig completes its current program at the nearby Rip n Tear prospect • A second, larger GAIP anomaly located ~800m further east to be tested by additional RC drilling in the March Quarter. 1 Talisman Mining Limited (ASX: TLM, Talisman) is pleased to advise that it has received assay results from the remaining Reverse Circulation (RC) holes drilled late last year targeting a GAIP geophysical anomaly at the Durnings Prospect, part of its 100%-owned Lachlan Project in central NSW. Durnings is located approximately 15km south-east of Kingston Resources’ Mineral Hill Operations and 25km north of Condobolin. It lies approximately 35km south-east of the Company’s Rip n Tear discovery and is the fourth area to be tested as part of a 7,200m RC drilling campaign recently completed at four priority prospects within the Lachlan Project area (see Figure 1). Assays have now been received for RC holes DRRC0006 to DRRC0010, the initial RC holes drilled at Durnings, where a 1,710m broad-spaced 6-hole RC drilling program was completed in late November. Figure 1 – Lachlan Project location plan highlighting prospect locations along the Canbelego-Mineral Hill Volcanic Belt. 2 Background The Durnings Prospect is a lightly explored project defined by strongly anomalous base metal soil geochemistry and contains two large, coherent conductive GAIP anomalies located along strike from and to the east of previous RC drilling results returned from earlier exploration by Talisman Mining (see ASX announcement 15 May 2023). The prospect is situated within a complex structural setting associated with NNW trending faults interpreted to be part of the Mineral Hill Fault Zone, which provides a pathway for mineralised fluids to move upwards from deeper local granite intrusions. Historical drilling at the Durnings Project includes Talisman drilling conducted from early 2023 (DRRC0001 to DRRC0005) and previous percussion drilling (KSRC0008 to KSRC0014). See Figure 2 for drill-hole locations. Results from earlier RC drilling include: • DRRC0001 8m at 0.27% Pb, 6.3g/t Ag, 0.36% Zn, 0.77% Cu, 6.3g/t Au from 82m • DRRC0002 12m at 7.72g/t Ag from 74m • DRRC0003 8m at 15.98g/t Ag and 0.15g/t Au from 98m • DRRC0004 14m at 7.14g/t Ag and 0.22g/t Au from 64m • DRRC0005 10m at 5.52g/t Ag from 34m Results RC drilling totalling six holes for 1,710m was completed in late-November targeted at the western GAIP anomaly. All six RC holes drilled at approximately 200m spacing were designed to target a buried GAIP anomaly modelled to between 50m and 200m below surface. RC drilling has intersected two broad zones of disseminated galena, silver, sphalerite, chalcopyrite and gold associated with strong sulphide mineralisation in sericite altered volcaniclastic rocks. Initial results for DRRC0006 and DRRC0007 were reported in mid-December (see ASX announcement 14 December 2023). Recent results include: Southern Anomaly DRRC0006 o 24m at 1.5% Pb, 15.6g/t Ag, 0.2% Zn, 0.02% Cu, 0.04g/t Au from 18m to 42m and; o 42m at 2.3% Pb, 25.3g/t Ag, 1.3% Zn, 0.09% Cu, 0.43g/t Au from 244m to 286m end of hole (eoh) including: § 20m at 3.9% Pb, 45.2g/t Ag, 2.1% Zn, 0.16% Cu and 0.73g/t Au from 260m to 280m § 6m at 10.3% Pb, 126g/t Ag, 3.5% Zn, 0.4% Cu and 1.93g/t Au from 274m to 280m. DRRC0007 o 8m at 0.5% Pb, 2.1g/t Ag, 1.3% Zn, 0.02% Cu, 0.11g/t Au from 166m to 198m. o Assays pending DRRC0011 3 Northern Anomaly DRRC0008 o 28m at 0.4% Pb, 7.8g/t Ag, 0.7% Zn, 0.02% Cu, 0.11g/t Au from 4m to 32m including: § 10m at 0.5% Pb, 10.8g/t Ag, 1.8% Zn, 0.03% Cu, 0.15g/t Au from 22m to 32m o 30m at 0.4% Pb, 2.7g/t Ag, 0.8% Zn, 0.01% Cu, 0.07g/t Au from 124m to 154m o 4m at 0.1% Pb, 14.1g/t Ag, 0.1% Zn, 0.77% Cu, 0.42g/t Au from 32m to 36m and; o 6m at 0.5% Pb, 5.4g/t Ag, 0.7% Zn, 0.19% Cu, 0.29g/t Au from 74m to 80m: o 10m at 0.9% Pb, 7.1g/t Ag, 2.2% Zn, 0.04% Cu, 0.24g/t Au from 156m to 166m and; o 10m at 0.4% Pb, 3.9g/t Ag, 0.7% Zn, 0.01% Cu, 0.39g/t Au from 232m to 242m end of hole. DRRC0009 DRRC0010 • Assays for DRRC0011 were submitted to the laboratory approximately 10 days after holes DRRC0008 to DRRC0010 due to wet weather which hampered access to the drill site. Results for this hole are expected within the next two weeks. • Three of the six holes (DRRC0006, DRRC0010 and DRRC0011) were suspended in sulphide mineralisation at their various termination depths due to high water inflows. These holes will be extended with diamond core drilling once the diamond drill rig completes its current program at the nearby Rip n Tear prospect. 4 Cross Section Figure 3 Figure 2 – Durnings RC drilling over GAIP survey image. Geology and Mineralisation The Durnings Prospect is located within EL8680 on the eastern edge of the Canbelego-Mineral Hill Rift Zone (Figure 1), adjacent to the large, controlling, basin margin, NW-SE oriented Mineral Hill Rift controlling structure. Silurian-Devonian age Mineral Hill Volcanics host the prospect. To the east lies the older Ordovicianage Girilambone Group. To the west and northeast Devonian age Talingaboolba Formation sediments overlie or are faulted against the Mineral Hill Volcanics within the Mineral Hill Rift Zone. 5 Zones of disseminated and vein hosted sulphides (pyrite, galena, sphalerite, chalcopyrite) are associated with sericite alteration within felsic volcanic and volcaniclastic rock units with porphyritic to fine-grained texture. These sulphide-rich zones correspond with a coherent, conductive GAIP anomaly. See Figure 2 and Figure 4. Durnings is cut by a series of NE-SW trending faults interpreted to be relatively small transverse faults in a rift setting. One of these faults is interpreted to cut and displace the western GAIP anomaly into two parts, which are the primary targets tested by DRRC0008 to DRRC0010 (in the north) and DRRC0006, DRRC0007 and DRRC0011 (in the south). Generally, the geology displays two zones of sulphide mineralisation associated with interpreted NW-SE trending, west dipping faults and geological contacts. The orientation of the mineralised zones is unknown at this time and will be tested with further shallower RC drilling. See Figure 3. Figure 3 – Durnings geology cross section containing DRRC0006. Note the position of the two identified zones of mineralisation and the high grade core to the Lower Zone. The 6m section from 274m to 280m shows significant sulphide mineralisation coincident with 10.3% Pb, 3.5% Zn, 126g/t Ag, 0.4% Cu and 1.93g/t Au. Fine sulphide mineralisation is logged throughout the intersection with quartz sulphide breccia logged from 274-280m. Durnings – Next Steps 6 The diamond rig is scheduled to mobilise to Durnings to extend DRRC0006, DRRC0010 and DRRC0011 once drilling at Rip n Tear has been completed. Logging of the RC chips and assay results indicates that these holes did not penetrate beyond the altered sulphide-rich zone of interest. In addition to the current target at Durnings, an extensive additional target located approximately 800m further east of the recent drilling has been identified in the GAIP survey. See Figure 4. This eastern GAIP anomaly spans approximately 1600m by 250m and is considerably stronger and larger than the western GAIP anomaly that produced the strong recent RC drilling results. The new target will be tested with additional RC drill program to determine the source of the chargeability anomaly. This additional RC drilling program is scheduled to commence in the March quarter 2024. Additional ground-based GAIP surveys may commence following the testing of the eastern anomaly (subject to encouragement from assay data from DRRC0011 and the additional RC drilling) to investigate if the target horizon extends further south-east beyond the extent of the existing survey area. See Figure 4. 7 Figure 4 – Durnings - Other Targets over GAIP survey image. Rip n Tear – Exploration Update Diamond drilling to extend existing RC holes at Rip n Tear re-commenced on 6 January 2024. In December 2023, the diamond rig completed extensions in MYRC0002 to 318m (which was terminated in mineralisation due to equipment failure), MYRC0003 to 411m and MYRC0004 to 457m, successfully penetrating the target horizon and underlying unmineralized sediments. RC drilling was completed at an additional four holes (MYRC0008 to MYRC0011) at Rip n Tear, targeted at the northern MLEM conductor. See Figure 5 for hole locations. These additional RC holes were aimed at intersecting the target horizon at shallow depths and all were drilled with a northerly azimuth. Diamond drilling to extend these RC holes at Rip n Tear is the priority work for the diamond rig over January and February 2024. 8 Figure 5 – Rip N Tear. Additional 4 RC holes MYRC0008 to MYRC0011 locations Carpina North and Noisy Ned – Exploration Update RC drilling at both Carpina North and Noisy Ned was completed in November 2023. No significant assay results were received from either prospect in the 6-hole/1696m RC program completed at Carpina North or the 5-hole/1,580m program completed at Noisy Ned. Both projects remain active exploration opportunities and have both been re-prioritised in light of the exploration results and ongoing work programs at Durnings and Rip n Tear. Management Comment Talisman’s Managing Director, Andrew Munckton, said: “It is exciting to see more significant assay results from the maiden deep holes at the target generated from ground geophysics at Durnings. The better multi-metal assay results are coincident with zones of sulphide mineralization in several of the RC holes drilled into the western GAIP target. “The mineralisation at Durnings appears to be located in two parallel, west-dipping zones, separated into a Northern Anomaly and a Southern Anomaly by an apparent north-east trending fault. The mineralization is strongly associated with the logged sulphide and sericite altered volcaniclastic rock. 9 “At the Northern Anomaly, while the intersections to date are generally low grade, better grade narrow intersections are also present in the broad-spaced drilling. Further drilling to determine the extent of these higher-grade zones and holes targeted at shallower positions will be undertaken in due course. “At the Southern Anomaly, the assays for DRRC0011 are awaited. The initial hole at this target, DRRC0006, identified a sulphide-rich, high-grade 6m intersection from 274m down-hole, which returned a significant assay result of 10.3% Pb, 3.5% Zn 126g/t Ag, 0.4% Cu and 1.93g/t Au. The assay results for DRRC0011, located along strike from this hole, will allow us to confirm the continuity of this high-grade mineralized zone. “A significant additional target at the Durnings prospect has been identified from the GAIP survey. Having confirmed with the first six deep RC holes that the chargeability anomaly is due to base and precious metal-rich sulphide mineralization, the larger and stronger GAIP target located 800m east will now be assessed with an initial RC drilling in a similar fashion to the Durnings target assessment. “Our geologists are looking forward to integrating the knowledge derived from the recently completed RC drilling with the full assay dataset and the proposed diamond tail drilling program in the March quarter to gain a more accurate picture of the orientation and style of lead-zinc-silver-copper-gold sulphide mineralisation at Durnings and to fully test this extensive structural corridor and emerging mineralised system.” 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. 10 Table 1: Drill-hole information summary - Durnings Details and coordinates of the RC holes relevant to this release. Exploratio n Licence Prospect Hole Typ e Hole ID Easting Northing RL Dip Azimuth (MGA 94) EOH Depth EL8660 Durnings RC DRRC0006 505927 6386293 291 -60 49 286 EL8660 Durnings RC DRRC0007 505819 6386566 287 -61 46 238 EL8660 Durnings RC DRRC0008 505691 6386868 282 -61 45 268 EL8660 Durnings RC DRRC0009 505639 6387024 285 -60 50 322 EL8660 Durnings RC DRRC0010 505829 6386739 290 -60 48 268 EL8660 Durnings RC DRRC0011 505988 6386156 283 -60 49 328 Table 2: Drill-hole information summary - Rip N Tear Details and coordinates of the RC and Diamond Holes relevant to this release. Exploration Licence Prospect Hole Type Hole ID Easting Northing RL Dip Azimuth (MGA 94) EOH Depth EL8615 Rip N Tear RC MYRC0008 489184 6413709 276 -60 344 178 EL8615 Rip N Tear RC MYRC0009 488279 6413817 270 -60 330 166 EL8615 Rip N Tear RC MYRC0010 487750 6413341 273 -60 327 178 EL8615 Rip N Tear RC MYRC0011 488445 6413579 273 -60 328 156 EL8615 Rip N Tear RC MYRCD0002 488727 6413960 266 -60 200 318 EL8615 Rip N Tear RC MYRCD0003 489671 6414071 264 -60 179 411 EL8615 Rip N Tear RC MYRCD0004 487799 6412334 264 -60 299 457 Table 3: RC drill-hole assay intersections for Mineralized Zones (Significant Intersections) Details of significant RC drilling intersections received to date for the Durnings prospects by Talisman are provided below. 11 Hole DRRC0006 Intersections including: including: including: DRRC0007 including: DRRC0008 Including DRRC0009 DRRC0010 including including From 18.00 18.00 138.00 166.00 222.00 236.00 244.00 260.00 274.00 2.00 12.00 152.00 166.00 170.00 4.00 22.00 124.00 164.00 176.00 220.00 232.00 32.00 74.00 94.00 110.00 154.00 16.00 26.00 32.00 126.00 156.00 172.00 232.00 248.00 264.00 To 42.00 28.00 140.00 168.00 226.00 238.00 286.00 280.00 280.00 4.00 14.00 154.00 198.00 178.00 32.00 32.00 154.00 166.00 188.00 232.00 234.00 36.00 80.00 98.00 120.00 158.00 18.00 46.00 38.00 128.00 166.00 186.00 242.00 268.00 268.00 Interval (m) 24.00 10.00 2.00 2.00 4.00 2.00 42.00 20.00 6.00 2.00 2 2.00 32.00 8.00 28 10.00 30 2 12 12 2 4 6 4 10 4 2 20 6 2 10 14 10 20 4 Ag g/t 15.58 20.84 3.90 2.00 10.97 3.33 25.26 45.16 125.90 6.12 2.27 4.49 1.12 2.13 7.83 10.75 2.66 2.43 2.38 1.41 2.02 14.06 5.41 2.81 2.92 4.64 5.83 6.57 9.96 7.00 7.05 2.78 3.87 2.33 2.47 Pb (%) 1.45 2.00 0.02 0.09 1.13 0.30 2.31 3.87 10.29 0.31 0.59 0.17 0.23 0.50 0.43 0.51 0.35 0.17 0.20 0.23 0.52 0.11 0.47 0.29 0.06 0.03 0.00 0.00 0.01 0.12 0.87 0.06 0.39 0.15 0.35 Zn (%) 0.18 0.19 0.09 0.46 1.84 0.50 1.30 2.12 3.46 0.09 0.0477 0.51 0.61 1.27 0.67 1.79 0.79 0.62 0.47 0.46 0.19 0.05 0.70 1.03 0.56 0.05 0.00 0.00 0.00 0.11 2.19 0.14 0.74 0.32 0.70 Cu (%) 0.02 0.02 0.26 0.23 0.18 0.04 0.09 0.16 0.40 0.03 0.0155 0.01 0.03 0.02 0.02 0.03 0.01 0.01 0.02 0.01 0.00 0.77 0.19 0.01 0.16 0.34 0.00 0.00 0.00 0.11 0.04 0.02 0.01 0.03 0.07 Au g/t 0.04 0.04 0.11 0.10 0.32 0.11 0.43 0.73 1.93 0.11 0.027 0.03 0.05 0.11 0.11 0.15 0.07 0.04 0.04 0.04 0.04 0.42 0.29 0.06 0.05 0.05 0.03 0.16 0.27 0.42 0.24 0.58 0.39 0.24 0.15 Comments Pb > 0.5 % (weathered rock) Pb > 0.5 % (weathered rock) Cu > 0.20% (fresh rock) Cu > 0.20% (fresh rock) Ag > 5g/t (fresh rock) Zn >0.5 % (fresh rock) Pb > 0.5 % (weathered rock) Pb > 0.5 % (weathered rock) Pb > 0.5 % (weathered rock) Ag > 5 g/t (weathered rock) Pb > 0.5 % (weathered rock) Zn > 0.5 % (fresh rock) Zn > 0.5 % (fresh rock) Zn > 0.5 % (fresh rock) Ag > 5g/t % (weathered/fresh rock) Ag > 5g/t % (fresh rock) Zn > 0.5 % (fresh rock) Zn > 0.5 % (fresh rock) Zn > 0.5 % (fresh rock) Zn > 0.5 % (fresh rock) Pb > 0.5 % (fresh rock) Cu > 0.2 % (fresh rock) Zn > 0.5 % (fresh rock) Zn > 0.5 % (fresh rock) Zn > 0.5 % (fresh rock) Cu > 0.2 % (fresh rock) Ag > 5 g/t (weathered rock) Ag > 5 g/t (weathered rock) Ag > 5 g/t (weathered rock) Ag > 5 g/t (fresh rock) Zn > 0.5 % (fresh rock) Au > 0.25 g/t (fresh rock) Zn > 0.5 % (fresh rock) Au> 0.25 g/t (fresh rock) Zn > 0.5 % (fresh rock) All Table 3 intersections are length-weighted assay intervals from two metre assay intervals taken directly from the drill rig splitter. Appendix 2 contains full details on sampling and data aggregation methods including cutoff grades. All listed intersections are reported as down hole intersections at 0.5% Pb and/or 5g/t Ag and/or 0.20 % Cu and/or 0.5 % Zn and or 0.25g/t Au lower cut-off as indicated in the comments section of Table 3. True-width of the reported mineralisation is not known at this time. 12 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 represents 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. 13 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. RC Drilling samples are collected at 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 2 metre composite pXRF analysis using a 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 third longitudinally, using an automated Almnonte core saw Core was placed in boats, holding core in place. Core sample intervals varied from 0.3 to 1.3m in length but were predominantly aligned to 1m intervals or with sample boundaries which respected geological contacts. Sampling is controlled by Talisman protocols and QAQC procedures as per industry standard and a chain of custody maintained through transfer to ALS Laboratories in Adelaide, SA. RC /DD samples were dried, crushed (where required), split and pulverised (total prep) to produce a master pulp. From this master pulp, a 0.25g sub sample was taken for multi-element analysis by four acid digest with an ICP-MS finish. A 30g sub sample was also taken for fire assay for gold with ICP-AES finish. RC drilling cited in this report was undertaken by Strike Drilling Pty Ltd using a LC36 (KWL 700) truck-mounted Reverse Circulation drill rig. A truck-mounted booster and compressor provided high pressure air with an auxiliary compressor used where ground conditions warranted. RC drilling was completed with a face sampling hammer of nominal 140mm size. Diamond Drilling (cited in this report was undertaken by DDH1 Drilling Pty LTD ùsing a UDR1200 truck mounted rig. The core was orientated using a Reflex Ez-Ori Tool. RC Drilling • • RC drill sample recovery is generally high with sample recoveries and quality recorded in the database by the logging geologist Sample recoveries were monitored in real-time by the 14 Criteria JORC Code explanation • • Logging • • • Measures taken to maximise sample recovery and ensure representative nature of the samples. Whether a relationship exists between sample recovery and grade and whether sample bias may have occurred due to preferential loss/gain of fine/coarse material. Commentary • presence of Talisman personnel at the drill site. No known relationship exists between recovery and grade and no known bias exists. Diamond Drilling • Core recovery data was recorded for each run by measuring total length of core retrieved against the downhole interval actually drilled and stored in the database. TLM representatives continuously monitor core recovery and core presentation quality as drilling is conducted and issues or discrepancies are rectified promptly to maintain industry best standards. Core recoveries averaged >90%, even when difficult ground conditions were being encountered. Whether core and chip samples have been geologically and geotechnically logged to a level of detail to support appropriate Mineral Resource estimation, mining studies and metallurgical studies. RC Drilling Whether logging is qualitative or quantitative in nature. Core (or costean, channel, etc.) photography. • The total length and percentage of the relevant intersections logged. • • • • RC logging records lithology, mineralogy, mineralisation, alteration, structure, weathering, colour and other primary features of the rock samples and is considered to be representative across the intercepted geological units. RC logging is both qualitative and quantitative depending on the field being logged. All RC drill-holes are logged in full to end of hole. All RC chip trays are photographed, and then stored onsite in the Lachlan Copper-Gold Project. All information collected is entered directly into laptop computers or tablets, validated in the field, and then transferred to the database. The level of logging detail is considered appropriate for exploration and to support appropriate mineral resource estimation, mining studies, and metallurgical studies. Diamond Drilling • • • • • • • DD logging is carried out on site once geology personnel retrieve core trays from the drill rig site. Core is collected from the rig daily. DD logging records lithology, mineralogy, mineralisation, alteration, structure, weathering, colour and other primary features of the rock samples and is considered to be representative across the intercepted geological units. All DD drill-holes are logged in full to end of hole. Drillhole collar coordinates, azimuth, dip, depth and sampling intervals are also recorded. DD logging is to geological contacts. DD logging is both qualitative and quantitative depending on the field being logged. Logging of diamond drilling includes geotechnical data, RQD and core recoveries. Drill core is photographed prior to any cutting and/or sampling, and then stored onsite in the Lachlan CopperGold Project. Photographs are available for every diamond drillhole completed. All information collected is entered directly into laptop 15 Criteria JORC Code explanation Commentary computers or tablets, validated in the field, and then tr