Resource Rising Stars Presentation
Released
Released
Announcement PDF
A well-funded explorer with a diversified
portfolio in NSW and South Australia
Breakthrough mineral
discoveries on Australia’s
Eastern Seaboard
Resource Rising Stars 2024
talismanmining.com.au
ASX: TLM
Investment Highlights
Highly prospective tenure across multiple
projects in a Tier-1 jurisdiction
Active on-ground exploration
Multiple commodity exposure
Reliable funding – ongoing royalty revenue
stream + strong cash balance
Systematic and methodical
exploration approach
Focused and experienced team
Two significant discoveries in the first round
of deeper, larger target testing
Large scale exploration and development opportunity in
- Cobar Basin – NSW
- Macquarie Arc - NSW
- Gawler Craton – South Australia
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The Talisman Investment Proposition
Well-funded, strong exploration DNA, highly leveraged to
exploration success
NSW Lachlan and Macquarie Arc
• Three projects covering ~6,200km2
• World-class metal province
• Major new phase of drilling planned
• Significant zones of high-grade lead-zinc-silver-copper-gold
mineralisation at Durnings
• Exciting new project at Yarindury
SA Gawler Craton
• Mabel Creek IOCG Project
• ~1,050km2 in under-explored terrain
• Close to major world-class mines (Prominent Hill, Olympic Dam)
WA Wonmunna Iron Ore Royalty
• Uncapped 1% gross revenue royalty
• Operated by Mineral Resources (ASX: MIN)
• Production commenced March 2021
• $22.3m in receipts to date
Wonmunna
Gawler Craton
Head office
NSW Lachlan
NSW Lachlan
Hillston Cu-Au Project
Lachlan Cu-Au Project
Macquarie Arc Cu-Au Project
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ASX: TLM
Corporate Overview
Capital Structure
188.3M
Shares on issue
Shareholder Ownership
13.2M
Unlisted options
(Exercise Prices: 20.1c – 26.4c)
Board & Management
HNW Investors
Harmanis Holdings
Retail
Experience Board & Management
A$37.7M
A$6.0M
(20c/share – 22 Aug 2024)
(31 July 2024)
Market Capitalisation
Kerry Harmanis
Andrew Munckton
Peter Benjamin
Brian Dawes
Jeremy Kirkwood
Tim Sharp
Non-Executive Chairman
Cash & Liquids
Non-Executive Director
Nil
Debt
Managing Director
A$31.7M
Enterprise value
Non-Executive Director
Non-Executive Director
Exploration Manager
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Wonmunna
Owned and operated by Mineral Resources in
Pilbara of WA
Wonmunna Iron Ore Royalty
Part of MinRes Pilbara Hub. Ore mined and
trucked to Port Hedland for shipping and sale
Wonmunna is one of the two mines (Iron Valley is
the other) that supply ore for Pilbara Hub
Pilbara Hub FY24 Actual 10.4m wmt
Wonmunna ~60% of feed.
FY25 guidance – 9.0Mt-10.0Mt
Iron ore Lump (25%) and Fines.
1% (Uncapped)
Iron ore royalty
stream – Fully
Funds exploration
FY24 Ore Reserve 57Mt at 58% Fe
Talisman royalty payments
• FY24 A$8.6M
• JQ24 A$2.3M
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NSW Lachlan Project
NSW Lachlan Project
Extensive and highly prospective base
metals and copper-gold tenure in a
world-class district
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Lachlan Base Metals and
Copper-Gold Project
Extensive, high-quality portfolio in a world-class mineral
districts
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Highly prospective ~6,000km2 exploration portfolio in the Lachlan
Fold Belt, NSW
World-class mineral field, hosting numerous Tier-1 deposits:
• Cadia, Cowal, North Parkes porphyry copper-gold
• Cobar Basin Epithermal-style lead-zinc-silver-copper
• Vein-style high-grade gold-silver
Recent significant discoveries and mine developments:
• Tomingley gold, Hera/Federation copper-lead-zinc-silver
Talisman tenure spans significant controlling structures:
• Areas under cover have not been well explored
• All significant deposits are structurally controlled
Exploration targeting using geophysics and structural geology
Large-scale lead-silver-zinc system intersected at Rip N Tear
Significant high-grade Zn-Pb-Ag-Cu-Au system intersected at
Durnings
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Lachlan Project NSW
Durnings Prospect
Stage 1 – Scope the project size potential
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Canbelego - Mineral Hill Volcanic Belt
Durnings Prospect associated with strong base metals soil
geochemistry
SE of Mineral Hill ( operated by Kingston Resources)
17Km strike length of the prospective Faults/Structure
Dominant position over the most prospective ground
Large IP anomalies –1.3km strike length implying substantial
structurally controlled target –never tested
Previous & Historical results
• DRRC0001 - 8m at 6.3g/t Au, 0.77% Cu, 0.36% Zn, 6.3g/t Ag1
• KSRC0008 - 32m at 0.37g/t Au, 1.25% Pb, 12.1g/t Ag2
Potential to be
• High Grade, moderate scale
• Multiple complimentary deposits
• Nearby established infrastructure
Note 1 & 2. ASX:TLM 15 May 2023 & ASX:TLM 6 June 2022
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Lachlan Project NSW
Durnings Prospect
Stage 2 – Follow Up Drill Test
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Initial 24 RC and DD holes drilled in 2 phases
Two new zones Discovered
DRRCD0006 and DRRCD0019 Results3
• Zone of high grade, Base Metal mineralization
• 6m at 10.3% Pb, 3.5% Zn, 126g/t Ag, 0.4% Cu, 1.93g/t Au from 274m
• 7.4m at 6.7% Pb, 2.9% Zn, 137g/t Ag, 0.20% Cu, 0.24g/t Au from
198m
• Zone high grade, Cu-Au mineralisation
• 28m at 4.03g/t Au, 0.9% Cu, 3.8% Pb, 0.7% Zn, 26.5g/t Ag from 370m
incl.
• 10m at 7.94g/t Au, 1.0% Cu, 9.9% Pb, 1.5% Zn, 61.3g/t Ag from 374m
DRDD0023 Results4
• Second Zone high grade, Cu-Au mineralisation
• 4m at 12.6g/t Au, 0.5% Cu, 0.4% Pb, 0.6% Zn and 11.4g/t Ag from
90m
• 13m at 1.35g/t Au, 0.3% Cu, 2.7% Pb, 0.3% Zn and 18.1g/t Ag from 65m
Downhole geophysics
• Significant DHEM plates with planned Diamond drilling follow up
Note 3. ASX:TLM - 27 March & 29 April 2024. Note 4. ASX:TLM - 7 June 2024
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Lachlan Project NSW
Durnings Prospect
Durnings Interpreted Cross Section
Orthogonal View Southern Durnings DHEM plates
Note 3. ASX:TLM - 27 March & 29 April 2024. Note 4. ASX:TLM - 7 June 2024 DRRCD0019 - Massive Galena-Sphalerite -1.7m at 26.5% Pb, 7.8% Zn, 558g/t Ag, 0.7% Cu and 0.81g/t Au from 224.5m
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Lachlan Project NSW
Rip n Tear Prospect
Stage 1 – Initial Drill Test
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Associated with NE-SW trending
structures
2 Large MLEM anomalies 3.5km and 2km
strike
Discovery RC holes
• MYRC0002- 208m at 1.2% Pb and
9.0g/t Ag5,6
• MYRCD0003 - 105m at 1.3% Pb
and 13.5g/t Ag5,6
Follow up with RC and DD program holes
DRRC0005 to DRDD0017
Diamond holes to provide info on
structural input, technical studies and
mineralisation style
Large, Low grade Pb-Ag-Zn deposit
Mineralization characterization studies
Seek partner to take the project forward
while focus on high grade discovery
Note 5. ASX:TLM - 20 October & 6 November 2023. Note 6. ASX:TLM – 26 February 2024
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Macquarie Arc Project NSW
The Yarindury Cu-Au Prospect is an undrilled
anomaly in lightly-explored project within the
Macquarie Arc Porphyry Cu-Au corridor of New
South Wales
100%-owned project
Macquarie Project
Yarindury is located approximately 30km northeast of Dubbo in NSW
Macquarie Arc is Australia’s premier porphyry CuAu district with production from Cadia
(Newmont), North Parkes (Evolution), Cowal
(Evolution) and Tomingley (Alkane).
Large Magnetic and Gravity
Anomaly untested by drilling
Recent large discoveries , Boda/Kaiser, Spur
Tenure Granted, Access confirmed
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Macquarie Arc Project NSW
Exposure to Tier-1 Cu-Au
deposit discovery potential
Yarindury Cu-Au Project7
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Granted Exploration Licences (EL9679)
Tenure spans Ordovician age Volcanics
containing complex deep-seated intrusions
Previously explored by Newcrest 2018 and
Golden Cross 2010
Coincident gravity-magnetic anomalies on
major basin structures
Post-mineral cover across tenure up to 250m.
Newcrest drilling at other targets in area
confirmed Ordovician basement
Yarindury Cu-Au target (shown) never tested
with drilling
Detailed magnetic and regional gravity data
acquired. Landholder engagement for onground activities complete
Drill testing - September 2024
Note 7. ASX:TLM – 6 August 2024
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Macquarie Arc Project
Cadia-Ridgeway Magnetic Anomaly vs Yarindury Magnetic Anomaly7
Note 7. ASX:TLM – 6 August 2024
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Cadia vs Yarindury Comparison - 3D Magnetic Models7
CADIA SECTION 6296100N
CADIA PIT
CADIA Far East
CADIA East
500m
CADIA & YARINDURY MVI 3D
Models plotted at same scale
& using the Yarindury 3D MVI
Model colour palette
YARINDURY
SECTION 6435090N
500m
Note 7. ASX:TLM – 6 August 2024
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Mabel Creek Project SA
The Mabel Creek Prospect is a lightly-explored
project within the Gawler Craton Iron Oxide
Copper-Gold (IOCG) corridor of South Australia
100%-owned project
SA Gawler Craton
Mabel Creek is located approximately 30km west
of Coober Pedy in South Australia
Gawler Craton is Australia’s premier Copper
producing area with Tier 1 production from
Olympic Dam (BHP), Carrapateena (BHP) and
Prominent Hill (Oz Minerals now BHP)
Recent large discoveries Oak Dam, Emmie Bluff
Australia’s premier Copper
producing area containing 3 of the
top 5 operating mines
Native Title and Access confirmed
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Mabel Creek Project SA
Exposure to Tier-1 deposit
discovery potential
Mabel Creek IOCG 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, Rio
Tinto, 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"
Completed Native Title Land Access
Agreement
On-ground activities (geophysics and drilling)
in 2024
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Mabel Creek Project SA
Exposure to Tier-1 deposit
discovery potential
Mabel Creek IOCG 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
Recent detailed aeromagnetic data from the GSSA
Coincident gravity-magnetic anomalies on
major faults
Post-mineral cover across tenure relatively shallow
(30m to 150m) compared to other areas of the
Gawler Craton
Previous explorers - Mammoth, Teck, Vale
No on-ground exploration activities in the area
since 2014
Detailed gravity data being acquired, TO
engagement for on-ground activities
Plan to be drill testing 1H FY24/25
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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
Focused and experienced team
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
Large scale exploration and development
opportunities in
Cobar Basin – NSW
Macquarie Arc - NSW
Gawler Craton – South Australia
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Contact
Mr Andrew Munckton
Mr Tim Sharp
Managing Director
Exploration Manager
+61 8 9380 4230
+61 8 9380 4230
info@talismanmining.com.au
info@talismanmining.com.au
talismanmining.com.au
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.
The Company confirms that it is not aware of any new information or data that materially affects the Exploration
Results information included in this report from previous Company announcements.
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