Resource Rising Stars - Presentation Materials
Released
Released
Announcement PDF
ASX Code: TLM
talismanmining.com.au
Breakthrough mineral discoveries
on Australia’s Eastern Seaboard
A well-funded explorer with a diversified portfolio in NSW and South Australia
The Talisman Investment Proposition
Well-funded, strong exploration DNA, highly leveraged to exploration success
NSW Lachlan Orogen
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Bourke
Five projects covering ~6,200km2
World-class metal province
Major new phase of drilling underway
Extensive zone of lead-zinc-silver
mineralisation at Rip N Tear
Significant zones of lead-zinc-silvercopper-gold mineralisation at Durnings
Cobar
Dubbo
Mudgee
Bathurst
SA Gawler Craton
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Mabel Creek IOCG Project
~1,000km2 in under-explored terrain
Close to major world-class mines
(Prominent Hill, Olympic Dam)
HEAD OFFICE
Wonmunna Iron Ore Royalty
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Uncapped 1% gross revenue royalty
Operated by Mineral Resources (ASX: MIN)
Production commenced March 2021
$15.1m in receipts to date
Hillston Cu-Au Project
Central Lachlan Cu-Au Project
Dandaloo Copper Project
Elvis Porphyry Cu-Au Project
Lucknow Gold Project
Our Purpose
To generate superior returns for our
shareholders through the exploration,
discovery, development and
commercialisation of high-value
mineral resource opportunities in base
and precious metals with Australia.
SAFETY
PEOPLE
ACCOUNTABILITY
The safety and well-being of
our people is at the forefront
of everything we do.
We aim to employ and
retain the best people
with the skills, belief
and commitment to add
value to our company
We take ownership for
ourselves and our work.
We think and act like
owners and will always
strive to “do the right thing”
for our business and our
stakeholders.
We will never compromise on
safety and we will always
stop work if it’s not safe to
continue.
INTEGRITY
INNOVATION
We act with honesty, fairness
and transparency and we are
sensitive to the environment
and communities in which we
operate.
We do what we say and we
treat all stakeholders with
dignity and respect.
We embrace innovation
and strive for continuous
improvement in
everything we do.
Corporate Overview
Capital Structure
187.7M
Shares on issue
Shareholder Ownership
Board and Management
HNW Investors
Harmanis Holdings
11.3M
Unlisted options (Exercise Prices: 20.1c – 26.4c)
A$39.5M
Market Capitalisation (22c/share - 24 Jan 2024)
A$7.9M
Cash and Liquids (31 December 2023)
Nil
A$31.6M
Debt
Retail
Experienced Board and Management
Kerry Harmanis
Andrew Munckton
Tim Sharp
Peter Benjamin
Brian Dawes
Jeremy Kirkwood
Non-Executive Chairman
Managing Director
Exploration Manager
Enterprise value
Non-Executive Director
Non-Executive Director
Non-Executive Director
Wonmunna – 1% Iron ore royalty stream - Fully Funds exploration
Wonmunna
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Owned and operated by Mineral
Resources in Pilbara of WA
Part of MinRes Utah Point Hub. Ore mined
and trucked to Port Hedland for shipping
and sale
Wonmunna is the larger of the two mines
(Iron Valley is the other) that supply ore
for Utah Point Hub.
Utah Point FY23 production 9.8Mt
FY24 guidance 9.0Mt to 10.5Mt of Iron ore
Lump (15%) and Fines.
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FY24 Ore Reserve 57Mt at 58% Fe
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Talisman royalty payments
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FY23 $7.8M
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DQ23 $2.2M
Focused Australian Mineral Resources Company
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NSW Lachlan Project
Extensive and highly prospective base metals and copper-gold tenure in a world-class district
Lachlan Base Metals and Copper-Gold Project
Extensive, high-quality portfolio in a world-class minerals district
• Highly prospective ~6,200km2 exploration portfolio in the Lachlan Fold Belt, NSW
• World-class mineral field, hosting numerous Tier-1 deposits:
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Cadia, Cowal, North Parkes porphyry copper-gold
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Cobar Basin VMS-style lead-zinc-silver-copper
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Vein-style high-grade gold-silver
• Recent significant discoveries and mine developments:
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Boda copper-gold, Tomingley gold, Hera/Federation copper-lead-zinc-silver
• Talisman tenure spans significant controlling structures:
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Areas under cover have not been well explored
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All significant deposits are structurally controlled
• Exploration targeting refined based on geophysics and structural geology
• Large-scale lead-silver-zinc system intersected at Rip N Tear
• Significant Zn-Pb-Ag-Cu-Au system intersected at Durnings
Lachlan Project NSW – Focused, Systematic, Cost-effective Exploration
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Completed two regional scale airborne geophysical surveys in
2022:
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Falcon® Airborne Gravity Gradiometry (AGG) survey – ~15,500
kms @ 200m spacing
VTEM™ Max Airborne Electromagnetic (AEM) survey - ~6,300
kms @ 200m spacing
Interpretation of regional airborne geophysical surveys
identified over 50 conductivity and gravity anomalies
12 of these geophysical targets identified as drill ready and
shortlisted for testing
15 Prospects identified as requiring ground geophysics - movingloop electromagnetic (MLEM) and Pole-Dipole Induced
Polarisation (PDIP)
4 Prospects being drill tested in December 2023 half
Focused Australian Mineral Resources Company
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Lachlan Project NSW – Durnings PROSPECT
Stage 2 – Initial Drill Test
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Durnings Prospect associated with strong base metals soil
geochemistry
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Canbelego Mineral Hill Volcanic belt
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15km SE of Mineral Hill (Kingston Resources)
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350Kt/700Kt Flotation/CIL plant
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Currently on CIL only - Tailings retreatment 18 months
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Past Production 396Koz Au, 33Kt Cu (plus Pb, Zn concentrate)
Large IP anomalies – 1.3km strike length implying substantial
structurally controlled target – never tested
Previous results2
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DRRC0001 - 8m at 6.3g/t Au, 0.77% Cu, 0.36% Zn, 6.3g/t Ag
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KSRC0008 - 32m at 0.37g/t Au, 1.25% Pb, 12.1g/t Ag
Multi-commodity opportunity
Focused Australian Mineral Resources Company
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Lachlan Project NSW – Durnings PROSPECT
Stage 2 – GAIP survey and Initial Drill Test
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17km strike length of prospective structure
2.5km surveyed by detailed GAIP shows several consistent
chargeable positions. 2
DRRC0006 Results
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Broad Zones of near surface, ore grade mineralization
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24m at 1.5% Pb, 15.6g/t Ag, 0.2% Zn, 0.02% Cu, 0.04g/t Au from 18m
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40m at 2.4% Pb, 26.3g/t Ag, 1.4% Zn, 0.09% Cu, 0.44g/t Au from 246m
Narrow zones of high grade, underground mining grade ores
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6m at 10.3% Pb, 126g/t Ag, 3.5% Zn, 0.4% Cu, 1.93g/t Au from 274m.
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Finished in mineralization – extend with diamond core
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DRRC0001 - 8m at 0.27% Pb, 6.3g/t Ag, 0.36% Zn, 0.77% Cu, 6.3g/t Au from
82m
Other Targets
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RC drilling on a larger and stronger second GAIP anomaly 800m east
RC and diamond drilling of other geophysical targets (VTEM) within the
area
Focused Australian Mineral Resources Company
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Lachlan Project NSW – Durnings PROSPECT
Stage 2 – Initial Drill Test
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Detailed IP survey shows consistent chargeable body 1.3km in
strike length NW-SE strike, steep west dip.
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Tested by 6 RC holes DRRC0006-DRRC0011.3
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1650m RC to 320m downhole, 200m hole spacing
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Results
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DRRC0006 - 24m at 1.5% Pb, 15.6g/t Ag, 0.2% Zn, 0.02% Cu, 0.04g/t Au
and
42m at 2.3% Pb, 25.3g/t Ag, 1.3% Zn, 0.09% Cu, 0.43g/t Au
including:
6m at 10.3% Pb, 126g/t Ag, 3.5% Zn, 0.40% Cu, 1.93g/t Au
DRRC0008 - 28m at 0.4% Pb, 7.8g/t Ag, 0.7% Zn, 0.02% Cu, 0.11g/t Au
including:
10m at 0.5% Pb, 10.8g/t Ag, 1.8% Zn, 0.03% Cu, 0.15g/t Au
and
30m at 0.4% Pb, 2.7 g/t Ag, 0.8% Zn, 0.01% Cu, 0.07g/t Au
DRRC0010 - 10m at 0.9% Pb, 7.1 g/t Ag, 2.2% Zn, 0.04% Cu, 0.24g/t Au
and
10m at 0.4% Pb, 3.9 g/t Ag, 0.7% Zn, 0.01% Cu, 0.39g/t Au
Next Steps
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Diamond drilling DRRC0006, DRRC0010 and further GAIP survey in 2024
Focused Australian Mineral Resources Company
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Lachlan Project NSW – Rip N Tear PROSPECT
Stage 2 – Initial Drill Test
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Rip n Tear Prospect associated with strong base metals soil
geochemistry
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Canbelego Mineral Hill Volcanic belt
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25km NW of Mineral Hill (Kingston Resources)
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Large MLEM anomalies – 3km and 2km strike length implying
substantial stratigraphically and structurally controlled target
Previous results2
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1970s Percussion drilling to ~200 ft (61m)
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Anomalous Cu and malachite staining
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Pb/Ag rich gossans at surface
Large to Mega scale opportunity
Focused Australian Mineral Resources Company
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Lachlan Project NSW – Rip n Tear PROSPECT
Stage 1 – Initial Drill Test
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Rip N Tear Prospect associated with strong base
metals soil geochemistry (Pb)
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Canbelego Mineral Hill Fault
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2 Large MLEM anomaly 3.5km and 2km strike2
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2401m RC drill tested in 7 holes1
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Discovery Holes - November 2023
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MYRC0002- 192m at 1.3% Pb and 10g/t Ag
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MYRCD0003 - 80m at 1.6% Pb and 14.7g/t Ag
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Diamond Tails for MYRC0002 – MYRC0009
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Follow up RC and diamond holes
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Detailed geological surface mapping
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Mineralization characterization studies
Focused Australian Mineral Resources Company
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Lachlan Project NSW – Rip n Tear PROSPECT
Stage 1 – Initial Drill Test
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Northern MLEM anomaly – 3.5km strike
length
3173m RC/DD drill testing 12 holes
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MYRC0002 -192m at 1.3% Pb and 10.0 g/t Ag
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MYRCD0003 -105m at 1.3% Pb and 13.5 g/t Ag
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MYRC0008 -26m at 0.5% Pb and 5.2 g/t Ag
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MYRC0009 -68m at 0.6% Pb and 5.0 g/t Ag
1.6km strike length confirmed by drilling.
3.5km strike length of target MLEM anomaly
Next Steps
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Extend MYRC0008-MYRC0011 with diamond
core – Feb/Mar
Extend drilling east to test surface MLEM
extension highlighted in recent survey
Focused Australian Mineral Resources Company
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Mabel Creek Project SA – Exposure to Tier-1 deposit discovery potential
Mabel Creek IOCG- Rare Earths Project
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Project acquisition completion – 1,048km2. West of
Coober Pedy in Gawler Craton
Project tenements surrounded by tenure held by major
mineral companies – BHP/OZ, RIO, FMG
Regional presence of majors highlights the exploration
opportunity for additional significant copper-gold
discoveries in the Gawler Craton
Known copper-gold bearing IOCG deposits and
exploration ground held by majors located along an
arcuate “Prospective IOCG Corridor”
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Completed Native Title Land Access Agreement
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On-ground activities (geophysics and drilling) early 2024
Focused Australian Mineral Resources Company
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Mabel Creek Project SA – Exposure to Tier-1 deposit discovery potential
Mabel Creek IOCG – Rare Earths Project
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3 continuous Exploration Licences
Tenure spans a major deep-seated east-west trending
fault system – host to intrusive lithologies including
Hiltaba Granite Suite
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Recent detailed aeromagnetic data from the GSSA
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Coincident gravity-magnetic anomalies on major faults
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Post-mineral cover across tenure relatively shallow (30m
to 150m) compared to other areas of the Gawler Craton
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Previous explorers - Mammoth, Teck, Vale
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No on-ground exploration activities in the area since 2014
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Detailed gravity data being acquired, TO engagement for
on-ground activities
Plan to be drill testing MQ, JQ 2024
Focused Australian Mineral Resources Company
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Key investment takeaways
Highly leveraged to discovery success
All the right ingredients
Highly prospective tenure across multiple projects in a Tier-1
jurisdiction
Multiple commodity exposure
Systematic and methodical exploration approach
Two significant discoveries in the first round of deeper, larger
target testing
Active on-ground exploration
Reliable funding – ongoing royalty revenue stream + strong cash
balance
Focused and experienced team
Large scale exploration and development opportunity in
Cobar Basin –NSW
Gawler Craton – South Australia
talismanmining.com.au
Thank You
For further information please contact:
Mr Andrew Munckton
Managing Director
Mr Tim Sharp
Exploration Manager
Telephone: +61 8 9380 4230
Email:
info@talismanmining.com.au
Website: talismanmining.com.au
Focused Australian Mineral Resources Company
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Appendix 1: Competent Persons’ Statements
Exploration Results and Exploration Targets
Information in this presentation that relates to Exploration Results an Exploration Targets is based on, and fairly represents information and supporting
documentation complied by Mr Tim Sharp, who is a member of the Australasian Institute of Geoscientists. Mr 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 “Australian Code for Reporting of Exploration Results, Mineral Resources
and Ore Reserves”. Mr Sharp has reviewed the contents of this presentation and consents to the inclusion in this presentation of all technical statements
based on his information in the form and context in which they appear.
No new information that is considered material is included in this document. All information relating to exploration results has been previously released to
the market and is appropriately referenced in this document. JORC tables are not considered necessary to accompany this document.
References:
1 Refer ASX Announcement
20 October and 6 November 2023
2Refer ASX Announcements Presentations & Media SMEDG Technical Presentation dated 28 July 2023 for full details
3 Refer ASX announcements 14 December 2023
Focused Australian Mineral Resources Company
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