Announcement PDF ASX: TLM | 15 July 2024 ASX Announcement June 2024 Quarterly Activities Report Exceptional new assays confirm exciting Base Metals and Copper-Gold discoveries at Durnings and Rip n Tear prospects in NSW Highlights: Lachlan Copper-Gold Project, NSW Durnings • Exceptional assays returned from DRRCD0019, drilled adjacent to the discovery hole DRRCD0006, confirming two zones of strong, high-grade mineralisation in the Southern Durnings area: o Base Metals Zone:  7.5m at 1.5% Pb, 2.2% Zn, 23.6g/t Ag, 0.3% Cu, 0.31g/t Au from 198m; and  7.4m at 6.7% Pb, 2.9% Zn, 137g/t Ag, 0.2% Cu, 0.24g/t Au from 218.8m, incl: • 1.7m at 26.5% Pb, 7.8% Zn, 558g/t Ag, 0.7% Cu, 0.81g/t Au from 224.5m o Copper-Gold Zone:  28.3m at 4.03g/t Au, 0.9% Cu, 3.8% Pb, 0.7% Zn, and 26.5g/t Ag from 370.5m, incl: • 10.0m at 7.94g/t Au, 1.0% Cu, 9.9% Pb, 1.5% Zn and 61.3g/t Ag from 374m, incl: o 3.5m at 21.2g/t Au, 1.6% Cu, 11.8% Pb, 2.4% Zn and 84.7g/t Ag from 379.5m; and o 7.8m at 4.11g/t Au, 1.8% Cu, 1.0% Pb, 0.6% Zn, and 16.3g/t Ag from 391m. • New high-grade copper-gold and base metal zone discovered in hole DRDD0023, located 400m NE of the intercepts in DRRCD0019 and DRRCD0006: o 4m at 12.6g/t Au, 0.5% Cu, 0.4% Pb, 0.6% Zn and 11.4g/t Ag from 90m, incl:  1m at 44.4g/t Au, 1.1% Cu, 0.5% Pb, 0.6% Zn and 29.0g/t Ag o 13m at 1.35g/t Au, 0.3% Cu, 2.7% Pb, 0.3% Zn and 18.1g/t Ag from 65m, incl:  7m at 2.79g/t Au, 0.5% Cu, 4.9% Pb, 0.5% Zn and 31.4g/t Ag from 65m, incl:  1m at 12.2 g/t Au, 2.3% Cu, 1.6% Pb, 1.0% Zn and 47.4g/t Ag • Results confirm Durnings as a significant greenfields base and precious metals discovery. • Multiple conductive plates of varying strength outlined by DHEM surveys at Southern Durnings, with drilling scheduled to re-commence in late July. Rip n Tear • Assays expand lead-silver-zinc mineralisation over a strike extent of +2.6km and down-hole widths up to 200m: o 156m at 1.3% Pb, 12.6g/t Ag, 0.01% Zn from 148m (MYRCDD0002W), incl:  10m at 7.4% Pb, 59.2g/t Ag, 0.01% Zn from 294m to 304m. • 10.9m at 0.5% Pb, 10.1g/t Ag, 0.54% Zn from 183.1m (MYDD0013) Mabel Creek IOCG Project, SA • Extensive ground gravity survey commenced to generate initial drill targets. Corporate • • Royalty cash receipts from the Wonmunna Iron Ore Project of $1.527 million received for the quarter with a further $0.802 million received subsequent to quarter-end. Talisman remains well-funded with cash on hand at 30 June of $4.932 million Talisman Mining | Suite 1, Ground Floor, 33 Colin St, West Perth 6005 ABN 71079 536 495 talismanmining.com.au 1 Lachlan Copper-Gold Project, NSW Reverse Circulation (RC) and Diamond Drilling The 100%-owned Lachlan Project spans the Canbelego-Mineral Hill Volcanic Belt between Condobolin and Canbelego in NSW and is prospective for large scale porphyry copper-gold and VMS style copper-lead-zinc-silver deposits (see Figure 1). Figure 1 – Lachlan Project location plan highlighting prospect locations along the Canbelego Mineral-Hill Volcanic Belt. Talisman commenced a 7,200m Reverse Circulation (RC) drilling campaign in September 2023 to test four high-priority prospects within the Lachlan Project – Rip n Tear, Durnings, Noisy Ned and Carpina North – resulting in discoveries at both Rip N Tear and Durnings. During the June Quarter, further significant results were reported from drilling at both prospects including exceptional assays from the Durnings Prospect. talismanmining.com.au 2 Durnings The Durnings Prospect is located approximately 25km north of Condobolin and 35km south-east of the Rip N Tear discovery within the Lachlan Project area (see Figure 1). Durnings 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 (see Figure 2). Figure 2 – Durnings Project location plan highlighting prospect locations along the Canbelego-Mineral Hill Volcanic Belt. talismanmining.com.au 3 Southern Durnings During the Quarter, Talisman reported assay results for the key Reverse Circulation and diamond drill-hole DRRCD0019 completed as part of the Stage 2 follow-up drilling program at the prospect (see drill-hole locations in Figure 3). Significant mineralised zones logged and visually reported in this hole (see ASX announcement 27 March), 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. 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 4). 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 area. 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 Zones 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 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: o 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. 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 end-of-hole (EOH) at 286m, including: o 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) Copper-Gold Zones • • • 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: o 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 o 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. talismanmining.com.au 4 Figure 3: Durnings Project RC drilling and follow-up RC and diamond drilling over GAIP survey image. The immediate focus of follow-up exploration was a down-hole EM (DHEM) survey of holes DRRCD0019 and DRRCD0006 to determine potential extensions of the high-grade zone. Mineralisation encountered to date appears conductive. Assay results were also reported for seven additional RC drill holes (DRRC0012 to DRRC0014, DRRC0016 to DRRC0018 and DRRC0022) and six diamond drill-holes (DRRCD0006, DRRCD0011, DRRCD0015, DRRCD0019, DRRCD0020 and DRRCD0021). Several of these holes intersected broad zones of low-grade base metals and sporadic high-grade base metals, gold and copper intercepts. This style of mineralisation is indicative of a broader mineralised system with several phases and orientations of mineralisation with strong structural control as seen elsewhere in the district. talismanmining.com.au 5 Recent structural analysis of the Durnings core has shown these holes were drilled in sub-optimal directions to follow up the high-grade intercepts seen in DRRCD0006 and DRRCD0019. Furthermore, DHEM in several deep diamond holes in the southern Durnings area suggests multiple conductive plates of varying strengths which may represent alteration and/or mineralised zones associated with high-grade base metal, gold and copper intercepts (Figure 4). Figure 4: DHEM plates modelled from holes DRRCD0006, DRCD0015, DRCD0019, DRRCD0020 and DRCD0021 in a 3D orthogonal view looking to the NE and tilted 25 degrees SW. Significant intercepts labelled (down hole widths) which are associated with modelled plate positions. talismanmining.com.au 6 Figure 5: Section A-A’ Southern Durnings. Holes DRRCD0006, DRRC0013, DRRC0014, DRRC0015, DRR0016 and DRRC0019 with main interpreted mineralised zones (significant intercepts down-hole widths). Northern Durnings Diamond drilling in the northern Durnings area has identified a second significant zone of high-grade gold and copper mineralisation, with hole DRDD0023 returning high-grade assays from an area 400m north-east of the previously reported copper, gold and base metal intercepts in holes DRRCD0006 and DRRCD0019 (see above). Assay results were reported during the Quarter for diamond drill-holes DRRCD0008, DRRCD0010, DRDD0023 and DRDD0024. talismanmining.com.au 7 Significant high-grade intersections were received in DRDD0023 which comprised PQ core to 32m and HQ core to 251.4m. The hole was drilled at 74 degrees towards grid NNE to follow-up high-grade gold assay results in DRRC0001 which was drilled at 75 degrees towards NNE. Two quartz vein breccia mineralised zones containing sphalerite, galena and chalcopyrite were intersected, returning the following significant intercepts (down hole widths): 4m at 12.6 g/t Au, 0.5% Cu, 0.4% Pb, 0.6% Zn and 11.4g/t Ag from 90m to 94m including: o 1m at 44.4g/t Au, 1.1% Cu, 0.5% Pb, 0.6% Zn 29.0g/t Ag. • 13m at 1.35g/t Au, 0.3% Cu, 2.7% Pb, 0.3% Zn and 18.1g/t Ag from 65m to 78m including: o 7m at 2.79g/t Au, 0.5% Cu, 4.9% Pb, 0.5% Zn and 31.4g/t Ag from 65m, including  1m at 12.2g/t Au, 2.3% Cu, 1.6% Pb, 1.0% Zn and 47.4g/t Ag. Previous results (See ASX: TLM, 15 May 2023) reported from DRRC0001 included: • 8m at 6.3g/t Au, 0.77% Cu, 0.27% Pb, 0.36% Zn and 6.3g/t Ag from 82m, including: o 2m at 17.5g/t Au, 1.4% Cu, 0.32% Pb, 0.36% Zn and 12.8g/t Ag from 88m. The latest results confirm the existence of a second high-grade zone of gold and copper mineralisation associated with quartz veining and sulphide alteration, further reinforcing the potential for a major greenfields base and precious metals discovery at Durnings. • Figure 6: Section B-B’ Northern Durnings. RC holes DRDD0023 to DRRCD0010 shown with parallel gold and copper mineralised zones in DRDD00023 (significant intercepts down-hole widths). talismanmining.com.au 8 Durnings – Next Steps Stage 3 exploration at the Southern Durnings area is scheduled to commence in late July and will consist of step-out drilling along strike and down/up dip guided by DHEM plates and modelled structural trends of the high-grade base metals and copper-gold zones intersected in DRRCD0006 and DRRCD0019. Step-out drilling will also target a high conductivity DHEM plate modelled between DRRC0015 and DRRCD0020, along strike from DRRCD0019. Further drilling at Durnings North will aim to extend up-dip and along strike with step-out drilling guided by modelled structural trends of the recent high-grade base metals and copper-gold zones intersected in DRDD0023. Planning and approval applications for Stage 3 drilling is complete with commencement of drilling awaiting access after an extended period of wet weather. Rip n Tear Rip N Tear is located approximately 35km north of Condobolin on EL8615 and approximately 20km north-west of the Company’s Durnings discovery. Both Rip n Tear and Durnings were discovered as part of a 7,200m RC drilling campaign completed in late 2023 within the Lachlan Project area (see Figure 1). The Rip N Tear prospect is an under-explored target defined by strongly anomalous base metal soil geochemistry containing two large, coherent conductive MLEM anomalies (ASX announcement 8 May 2023). The prospect is situated within a complex structural setting associated with NNE and NE trending faults which are interpreted to provide a pathway for mineralised fluids from local granite intrusions. During the Quarter, Talisman reported further significant assay results from diamond drilling completed in March and April at the Rip n Tear. These holes targeted depth extensions of the broad zones of lead-silver-zinc mineralisation intersected in initial Reverse Circulation (RC) and diamond (DD) drilling. Assays have now been received for holes MYRCDD0002W (a diamond extension of a previous RC and diamond drill hole) and MYDD0013 (a diamond drill-hole from surface located along strike of discovery hole MYRCD0003) plus four RC holes MYRC0014 to MYRC0017 testing down-dip of anomalous soil geochemistry, surface rock chips and gossan mineralisation sampled in May 2023. Northern Anomaly MYRCD0002W (Diamond Wedge from MYRCD0002) • 156m at 1.26% Pb, 12.6g/t Ag, 0.01% Zn from 148.0m to 304.0m including • 10m at 7.41% Pb, 59.2g/t Ag, 0.01% Zn from 294m to 394m MYDD0013 • 10.9m at 0.5% Pb, 10.1g/t Ag, 0.54% Zn from 183.1m to 194m. talismanmining.com.au 9 Figure 7: Rip n Tear RC and diamond drilling results over MLEM Geophysical survey image. True width in MYRCDD002, MYRCDD0002W and MYCRDD003 is approximately 40% to 50% of the down-hole intersection. True width in MYRCD0009, MYDD0012, MYDD0013, MYRC0014, MYRC0015, MYRC0016 and MYRC0017 is approximately 80% of the down-hole intersection. Figure 8: Rip n Tear – Interpreted section of the Rip n Tear northern MLEM anomaly. True width of the mineralisation in MYRCD0002 and MYRCD0002W is approximately 40% to 50% of the down-hole intersection. True width of mineralisation in MYDD0012 is approximately 80% of the down-hole intersection. talismanmining.com.au 10 Southern Anomaly • • • • 27m at 1.0% Pb, 3.3g/t Ag, from 56m to 83m (MYRC0014) 31m at 0.8% Pb, 1.9g/t Ag, from 110m to 141m (MYRC0015) 11m at 2.14% Pb, 3.5g/t Ag, 0.04% Zn from 58m to 69m (MYRC0016) 15m at 1.19% Pb, 1.7g/t Ag, 0.07% Zn from 61m to 76m (MYRC0017) Figure 9: Rip n Tear – Interpreted section of the Rip n Tear Southern MLEM anomaly. True width of the mineralisation in MYRC0014 and MYRC0015 is approximately 80% of the down-hole intersection. Rip n Tear – Next Steps Drilling has been completed in the short to medium term while the exploration team focuses on the recent discovery of high-grade base metals and gold mineralisation at Durnings. Metallurgical test work samples will be submitted for standard flotation and concentrate test work in the medium term to determine amenability of the mineralisation to processing. Additional test work and geological investigation will be completed on the high-grade zone intersected in MYRCD0002W to confirm the characteristics, orientation and nature of this section of the mineralised horizon. Full details of the assay results reported from the Rip n Tear prospect during the June Quarter were provided in the Company’s ASX Announcement dated 24 May 2024. talismanmining.com.au 11 Mabel Creek IOCG Project, South Australia Talisman acquired 100% ownership of the Mabel Creek IOCG Project in June 2023, providing ownership of a significant land package approximately 30km west of Coober Pedy. The land package covers 1,048km2 of strategic tenure (Figure 10) and spans a major deep-seated east-west trending fault system which is interpreted to host multiple intrusive lithologies, including the Hiltaba Granite Suite within the Gawler Craton. The region is prospective for large-scale Iron Oxide Copper-Gold (IOCG) discoveries and hosts numerous world-class deposits such as Olympic Dam, Carrapateena and Prominent Hill as well as significant recent discoveries such as Oak Dam and Emmie Bluff. This region is fast becoming Australia’s premier copper producing area. Figure 10: Mabel Creek location plan highlighting prospect locations along the Gawler Craton IOCG belt. During the Quarter, Talisman commenced a ground gravity survey at the Mabel Creek Project, representing the first on-ground exploration work to be undertaken on this project area for 14 years. The detailed gravity survey is being conducted on 250m to 500m station centres. The survey is being undertaken by Atlas Geophysics with631sqkm of the 1,048sqkm holding covered during the quarter. The remainder of the survey is planned to be completed in Q1 FY2025. Survey results will be used to generate drill targets for the planned field program commencing in Q2 FY2025 Previous explorers have undertaken limited gravity surveys over small targets over the preceding 20 years of exploration. These gravity programs were located using regional-scale magnetics interpretation. The previous gravity programs have provided an in-adequate assessment of the prospectivity for IOCG style mineralisation across the structurally complex area. Historical drill holes within the project area have intersected basement with evidence of alteration. talismanmining.com.au 12 Detailed seismic surveys conducted by Geoscience Australia and the Geological Survey of South Australia, that traverse the project area have highlighted significant additional structural information on which the existing magnetics (shown in Figure 11) are now interpreted. This new interpretation highlights potential new IOCG targets in the area which have either regional only or nil gravity coverage. Figure 11: Mabel Creek magnetics image with interpreted Fault positions and Hiltaba granite intrusion locations. talismanmining.com.au 13 Corporate Iron Ore Royalty During the quarter, Talisman received $1.527 million in royalty payments from iron ore sales that occurred between 1 March 2024 and 30 April 2024 from Wonmunna Iron Ore Pty Ltd (Wonmunna), a wholly owned subsidiary of Mineral Resources Limited (ASX: MIN, MRL), the owner and operator of the Wonmunna Iron Ore Mine (WIOM) in the Pilbara region of Western Australia. The royalty payment from iron ore sales that occurred in May 2024, of $0.802 million were received on 1 July 2024. The iron ore royalty receipts for the current quarter reflects the impact of moderating global iron ore pricing on both WIOM sales made during the quarter and final price adjustments on iron ore sales made in the previous quarter, in accordance with Wonmunna sales contracts. Since the commencement of iron ore production at the WIOM in March 2021, total royalty payments of $22.3 million have been received by Talisman as at the date of this announcement. New Project Opportunities The Company continued to review potential mineral growth opportunities in Australia and elsewhere. Talisman continues to adopt a judicious approach to the review of all growth opportunities to ensure only value-accretive transactions that have the potential to create long-term shareholder value are pursued. Cash Balance At 30 June 2024, Talisman had $4.932 million cash available for its operating and investing activities. Expenditure on mining exploration activities In accordance with ASX Listing Rule 5.3.1, the Company advises its exploration and evaluation expenditure during the June 2024 quarter totalled $3.085 million. This amount is included at Item 1.2(a) of the Appendix 5B and relates to activities undertaken on the Company’s Lachlan Copper-Gold and Mabel Creek Projects. Expenditure during the quarter included RC drilling, diamond drilling, assaying, geophysical surveying, geological mapping activities, tenement management, and exploration activity planning. Payments to related parties of the entity and their associates In accordance with Section 6.1 of the June 2024 Quarter Appendix 5B, Talisman provides the following in relation to payments made during the quarter to related parties: Description $A’000 Explanation Directors Fees 156 Short term and post-employment benefits paid to non-executive directors. –– Ends –– For further information, please contact: Andrew Munckton - Managing Director +61 8 9380 4230 Nicholas Read (Media inquiries) +61 419 929 046 This release has been authorised by the Board of Talisman Mining Limited. talismanmining.com.au 14 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 a number of 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 has a majority participating interest in a joint venture with privately-owned Lucknow Gold Limited in relation to the Lucknow Gold Project (EL6455) in New South Wales. Talisman also has a majority participating interest in a joint venture with Peel Mining (ASX:PEX) in relation to two tenements (EL8414 and EL 8451 in the Lachlan Project area. 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 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 “Australasian Code for Reporting of Exploration Results, Mineral Resources and Ore Reserves”. Mr 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 forward-looking 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. talismanmining.com.au 15 Appendix 1 Talisman Tenement Holdings Project /Tenement CENTRAL LACHLAN PROJECT Location and Blocks (Area) Interest at Beginning of Quarter Interest at End of Quarter Acquired during Quarter Surrendered during Quarter Joint Venture Partner New South Wales EL8615 (726km2) 100% 100% - - EL8659 (373km2) 100% 100% - - N/A EL8677 2 (193km ) 100% 100% - EL8414 (174km2) 89% 89% - - Peel Mining Ltd EL8547 (205km2) 100% 100% - - EL8571 2 (258km ) 100% 100% - - EL8658 2 (256km ) 100% 100% - - EL8680 (20km2) 100% 100% - - EL8719 2 (191km ) 100% 100% - - EL9298 2 (440km ) 100% 100% - - EL9299 (199km2) 100% 100% - - EL9302 (108km2) 100% 100% - - EL9306 2 (327km ) 100% 100% - - EL9315 (103km2) 100% 100% - - EL9379 (878km2) 100% 100% - - EL9462 (8km ) 100% 100% - - ELVIS PROJECT 2 New South Wales EL8977 (463km2) 100% 100% - - EL9395 (75km ) 100% 100% - - EL9396 (229km ) 100% 100% - - HILLSTON PROJECT N/A 2 2 N/A New South Wales EL8907 (372km2) 100% 100% - - EL9394 (399km ) 100% 100% - - N/A 100% 100% - - N/A 51% 51% - - Lucknow Gold Ltd 89% 89% - - Peel Mining Ltd DANDALOO PROJECT EL9324 LUCKNOW PROJECT EL6455 OTHER EL8451 2 New South Wales (474km2) New South Wales (29km2) New South Wales (276km2) talismanmining.com.au 16 Appendix 2 Lachlan Copper- Gold Project tenure talismanmining.com.au 17 Appendix 3 Lucknow Gold Project tenure talismanmining.com.au 18 Rule 5.5 Appendix 5B Mining exploration entity or oil and gas exploration entity quarterly cash flow report Name of entity Talisman Mining Limited ABN Quarter ended (“current quarter”) 71 079 536 495 30 June 2024 Consolidated statement of cash flows Current quarter $A’000 Year to date (12 months) $A’000 - - (3,085) (9,578) (b) development - - (c) production - - (d) staff costs (412) (1,612) (e) administration and corporate costs (114) (804) 1. Cash flows from operating activities 1.1 Receipts from customers 1.2 Payments for (a) exploration & evaluation 1.3 Dividends received (see note 3) - - 1.4 Interest received 41 242 1.5 Interest and other costs of finance paid - (2) 1.6 Income taxes paid - - 1.7 Government grants and tax incentives - 55 1.8 Other (Wonmunna Iron Ore Royalties) 1,527 7,810 1.9 Net cash from / (used in) operating activities (2,043) (3,889) 2. Cash flows from investing activities 2.1 Payments to acquire or for: (a) entities - - (b) tenements - - (65) (97) (d) exploration & evaluation - - (e) investments - (500) (f) - - (c) property, plant and equipment other non-current assets ASX Listing Rules Appendix 5B (17/07/20) + See chapter 19 of the ASX Listing Rules for defined terms. Page 1 Appendix 5B Mining exploration entity or oil and gas exploration entity quarterly cash flow report Current quarter $A’000 Year to date (12 months) $A’000 (a) entities - - (b) tenements - 9 (c) property, plant and equipment - - (d) investments - - (e) other non-current assets - - 2.3 Cash flows from loans to other entities - - 2.4 Dividends received (see note 3) - - 2.5 Other - Tenement security deposit (payments) / refunds (138) (268) 2.6 Net cash from / (used in) investing activities (203) (856) 3. Cash flows from financing activities 3.1 Proceeds from issues of equity securities (excluding convertible debt securities) - - 3.2 Proceeds from issue of convertible debt securities - - 3.3 Proceeds from exercise of options - - 3.4 Transaction costs related to issues of equity securities or convertible debt securities - - 3.5 Proceeds from borrowings - - 3.6 Repayment of borrowings - - 3.7 Transaction costs related to loans and borrowings - - 3.8 Dividends paid - - 3.9 Other (ROU Lease Repayments) (20) (79) 03.1 0 Net cash from / (used in) financing activities (20) (79) 4. Net increase / (decrease) in cash and cash equivalents for the period 4.1 Cash and cash equivalents at beginning of period 7,198 9,756 4.2 Net cash from / (used in) operating activities (item 1.9 above) (2,043) (3,889) 4.3 Net cash from / (used in) investing activities (item 2.6 above) (203) (856) 4.4 Net cash from / (used in) financing activities (item 3.10 above) (20) (79) Consolidated statement of cash flows 2.2 Proceeds from the disposal of: ASX Listing Rules Appendix 5B (17/07/20) + See chapter 19 of the ASX Listing Rules for defined terms. Page 2 Appendix 5B Mining exploration entity or oil and gas exploration entity quarterly cash flow report Consolidated statement of cash flows Current quarter $A’000 Year to date (12 months) $A’000 4.5 Effect of movement in exchange rates on cash held - - 4.6 Cash and cash equivalents at end of period 4,932 4,932 5. Reconciliation of cash and cash equivalents Current quarter $A’000 Previous quarter $A’000 at the end of the quarter (as shown in the consolidated statement of cash flows) to the related items in the accounts 5.1 Bank balances 1,292 2,558 5.2 Call deposits 3,640 4,640 5.3 Bank overdrafts - - 5.4 Other (provide details) - -