Announcement PDF ASX: TLM | 15 October 2024 ASX Announcement New phase of drilling commences at Durnings Copper-Gold Prospect, NSW Drilling underway to test for extensions of previous high-grade copper-gold and base metal results Highlights: • New program of Reverse Circulation (RC) and diamond drilling commences at Durnings. • Previous high-grade drill results and step-out geophysical anomalies to be tested. • Exploration work approval received from NSW Department of Primary Industries and Regional Development. • RC pre-collars with Diamond drilling program comprises up to ten holes to test zones of high-grade copper-gold mineralisation previously intersected at Durnings South and Durnings North. • Five holes will also test down-hole EM anomalies associated with the high-grade base metal intersections. Talisman Mining Limited (ASX: TLM, Talisman) is pleased to advise that it has commenced a new phase of exploration drilling at its Durnings Prospect, located 25km north of Condobolin in the Cobar basin of centralwestern NSW. Durnings generated a number of high-grade copper-gold and base metals intersections reported in the March and June Quarters this year across the Durnings South and Durnings North targets, including: Durnings South • 28.3m at 4.03g/t Au, 0.9% Cu, 3.8% Pb, 0.7% Zn, 26.5g/t Ag from 370.5m to 398.8m down-hole, including: o 10.0m at 7.94g/t Au, 1.0% Cu, 9.9% Pb, 1.5% Zn, 61.3g/t Ag from 374m down-hole. Durnings North • 4m at 12.6g/t Au, 0.5% Cu, 0.4% Pb, 0.6% Zn and 11.4g/t Ag from 90m, including: o • 1m at 44.4g/t Au, 1.1% Cu, 0.5% Pb, 0.6% Zn and 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, including: o 7m at 2.79g/t Au, 0.5% Cu, 4.9% Pb, 0.5% Zn and 31.4g/t Ag from 65m The current phase of drilling will target extensions of these high-grade copper-gold zones as well as down-hole EM geophysical anomalies which represents potential extensions of the high-grade base metal mineralisation. The Durnings Prospect lies along strike from Kingston Resources’ Mineral Hill Operation along the eastern side of the highly prospective Cobar Basin. The location and geological setting of the Durnings Prospect is shown in Figure 1 and Figure 2. Talisman Mining | Suite 1, Ground Floor, 33 Colin St, West Perth 6005 ABN ABN71079 71079536 536495 495 talismanmining.com.au talismanmining.com.au 1 4 August 2024 ASX Announcement Figure 1 – Durnings Prospect location plan highlighting prospect locations along the Eastern Cobar Basin. High-grade base metals and copper-gold deposits in the belt include CSA, Peak, Hera, Federation and Mineral Hill. Other Talisman tenure in the area (to the east and south-east of Cobar and north of Condoblin) is also shown. talismanmining.com.au 2 4 August 2024 ASX Announcement Figure 2 – Durnings Prospect over GAIP geophysics. The elevated IP response in the north and south-east of the image reflects elevated pyrite mineralisation that surrounds the high-grade intersections. Southern Durnings contains two zones of high-grade base metal and copper-gold mineralisation. Northern Durnings contains one zone of high-grade copper-gold mineralisation. Geology and Mineralisation The Durnings 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. Durnings is a lightly explored project defined by strongly anomalous soil geochemistry and contains two large, coherent, conductive GAIP anomalies located along strike from and to the east of strong RC drilling results returned from earlier exploration by Talisman Mining (see ASX announcement 15 May 2023). An initial program of RC drilling totalling six holes (DRRC0006-DRRC0011) for 1,710m was completed in late November 2023 targeted at the southern GAIP anomaly. All six RC holes drilled at approximately 200m spacing were designed to test a buried GAIP anomaly modelled to between 50m and 200m below surface. Follow-up RC and diamond drilling commenced at Durnings in March 2024, comprising four diamond cores drilled to extend RC holes from the November 2023 RC program (DRRCD0006, DRRCD0008, DRRCD0010 and DRRCD0011) that were suspended in mineralisation, as well as an additional eleven RC holes to test up-dip and immediately along strike from discovery hole, DRRCD0006. talismanmining.com.au 3 4 August 2024 ASX Announcement Exceptional assay results from diamond drill-hole, DRRCD0019, drilled adjacent to the discovery hole, confirmed two zones of strong, high-grade mineralisation in the Southern Durnings area – a base metals mineralisation zone and a deeper copper-gold mineralisation zone. The Base Metals Zone is associated with a number of conductive “plates” detected and modelled from downhole electro-magnetic (DHEM) surveys. The deeper copper-gold zone target is associated with a broad chargeability model located at approximately 300m below surface from re-processed Pole-Dipole Induced Polarisation (PDIP) survey data over the area. Results from this program confirmed two broad zones of disseminated galena, silver, sphalerite, chalcopyrite and gold associated with strong sulphide mineralisation in sericite altered volcaniclastic rocks. Highlights from the previous drilling programs included: Southern Durnings Base Metals Zone1,2 • 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 in DRRCD0006 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. • 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 in DRRCD0019 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: 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. Copper-Gold Zone2 • 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: o 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 downhole, including: Northern Durnings Copper-Gold Zone2 • 4m at 12.6g/t Au, 0.5% Cu, 0.4% Pb, 0.6% Zn and 11.4g/t Ag from 90m, including: o • 1m at 44.4g/t Au, 1.1% Cu, 0.5% Pb, 0.6% Zn and 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, including: o 7m at 2.79g/t Au, 0.5% Cu, 4.9% Pb, 0.5% Zn and 31.4g/t Ag from 65m Note 1. ASX: TLM -11 January 2024, 27 March & 29 April 2024. Note 2. ASX: TLM - 7 June 2024 talismanmining.com.au 4 4 August 2024 ASX Announcement Durnings – Work Plan and Proposed Drill Testing The proposed drilling program consists of approximately 4,700m of RC and diamond drilling in 12 holes. The program is intended to be conducted in three phases to test each of the three targets over a 6-10 week period. The targets at Durnings are illustrated in Figure 3 and include: • Southern Durnings base metals; • Southern Durnings copper-gold; and • Northern Durnings copper-gold. Figure 3 – Durnings target over GAIP image. Proposed TLM drill-hole locations illustrated by white labels. Historical drilling conducted by TLM that discovered the high-grade zones of mineralisation shown in blue labels. talismanmining.com.au 5 4 August 2024 ASX Announcement Management Comment Talisman’s Managing Director, Andrew Munckton, said: “The start of a new phase of exploration drilling at the Durnings Prospect provides an exciting opportunity to follow up our exploration discovery at this prospect earlier this year. “At a time of strengthening copper and gold prices around the world, this project offers walk-up drill targets containing high grade intersections of both copper and gold and co-existing high-grade base metals in adjacent positions. “All these recent high grade drill results are contained in a lightly tested trend of mineralised rocks where Talisman controls the bulk of the prospective tenure. The extent of mineralisation within the belt clearly demonstrates the significant opportunity for both high-grade extensions to known mineralisation and further discoveries. “The follow-up drilling program has now commenced and will test both the extension positions to previous highgrade copper-gold mineralisation and new positions highlighted by both DHEM and PDIP geophysical models developed for the area from our previous drilling programs. Importantly, this phase of drilling will provide us with detailed information regarding the extent of the high-grade mineralisation in the immediate Durnings area. “We have been looking forward to this follow-up drilling program now that access has been re-established following a substantial rain delay in late June and will update the market once drilling results have been received.” –– Ends –– For further information, please contact: Andrew Munckton - Managing Director +61 4 3563 5598 Nicholas Read (Media inquiries) +61 4199 29046 This release has been authorised by the Board of Talisman Mining Limited. talismanmining.com.au 6 4 August 2024 ASX Announcement Table 1: Drill-hole information summary – Durnings Details and coordinates of historical drill holes relevant to this release. Exploration Licence Prospect Hole ID EL8660 EL8660 EL8660 EL8660 EL8660 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 DRRCD0020 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 Easting Northing RL Dip 505741 505894 505844 505793 505741 6386634 6386759 6386773 6386837 6386879 289 291 291 293 295 -75 -60 -59 -60 -58 Azimuth (MGA 94) 12 130 132 131 132 505927 6386293 287 -60 50 403.5 505819 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 -75 232 384.3 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 EOH Depth 186 210 216 216 210 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 talismanmining.com.au 7 4 August 2024 ASX Announcement 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 1040 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 forward-looking statements. Forwardlooking 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 forwardlooking 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 8 4 August 2024 ASX Announcement 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 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. Drilling techniques • 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). 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. • Whether a relationship exists between sample recovery and grade and whether Commentary • • • • • 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 Almonte core saw Core was placed in boats, holding core in place. Core sample intervals varied from 0.2 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 50g 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 an Evolution FH3000 or 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 presence of Talisman personnel at the drill site. • No known relationship exists between recovery and grade and no known bias exists. Diamond Drilling talismanmining.com.au 9 4 August 2024 ASX Announcement Criteria Logging Sub-sampling techniques and sample preparation JORC Code explanation Commentary sample bias may have occurred due to preferential loss/gain of fine/coarse material. • • 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. • Whether logging is qualitative or quantitative in nature. Core (or costean, channel, etc.) photography. • The total length and percentage of the relevant intersections logged. • If core, whether cut or sawn and whether quarter, half or all core taken. RC Drilling • 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 Copper Gold Project. Photographs are available for every diamond drillhole completed. • 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. RC Drilling • 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 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. talismanmining.com.au 10 4 August 2024 ASX Announcement Criteria JORC Code explanation • Quality of assay data and laboratory tests If non-core, whether riffled, tube sampled, rotary split, etc. and whether sampled wet or dry. • For all sample types, the nature, quality and appropriateness of the sample preparation technique. • Quality control procedures adopted for all sub-sampling stages to maximise representivity of samples. • Measures taken to ensure that the sampling is representative of the in-situ material collected, including for instance results for field duplicate/second-half sampling. • Whether sample sizes are appropriate to the grain size of the material being sampled. • The nature, quality and appropriateness of the assaying and laboratory procedures used and whether the technique is considered partial or total. • For geophysical tools, spectrometres, handheld XRF instruments, etc, the parametres used in determining the analysis including instrument make and model, reading times, calibrations factors applied and their derivation, etc. • Nature of quality control procedures adopted (e.g. standards, blanks, duplicates, external laboratory checks) and whether acceptable levels of Commentary sample bag. RC samples are dispatched to a sample preparation lab in Adelaide ALS where they are dried, crushed (where required), split and pulverised (total prep) to produce a 0.25g sub sample for base metal analysis or a 50g sub sample for gold analysis by fire assay. • QAQC protocols for all RC sampling involved the use of Certified Reference Material (CRM) as assay standards. • All QAQC controls and measures were routinely reviewed. • Sample size is considered appropriate for geochemical sampling for base-metal and gold mineralisation given the nature of drilling and anticipated distribution of mineralisation. Diamond Drilling • Diamond drill core (NQ3, HQ or PQ) samples collected for analysis were longitudinally cut in half, and quarters for the QAQC samples using a using an automated Almonte core saw. Core was placed in boats, holding core in place. • Half core or quarter core sample intervals typically varied from 0.2m to 1.3m in length. 1m sample intervals were favoured and are the most common method of sampling, however sample boundaries do principally coincide with geological contacts. The remaining core was retained in core trays. • DD samples are dispatched to a sample preparation lab in Adelaide ALS where they are dried, crushed (where required), split and pulverised (total prep) to produce a 0.25g sub sample for base metal analysis or a 50g sub sample for gold analysis by fire assay. • QAQC protocols for all DD sampling involved the use of Certified Reference Material (CRM) as assay standards. • All QAQC controls and measures were routinely reviewed. • Sample size is considered appropriate for geochemical sampling for base-metal and gold mineralisation given the nature of drilling and anticipated distribution of mineralisation. • • • • • Geochemical analysis is carried out on all samples using a standardised analytical suite and sample preparation protocol. A multi (48) analysis by 4-acid digest with ICP-MS determination (ME-MS61). Over-limit Pb, Zn, Cu, Ag samples were re-assayed by 4 acid digest with ICP finish (OG 62 and OG 62h). Assay determination of Pb% is cut to a maximum of 40% Pb - the upper detection limit of the OG 62h assay method requested from ALS. Two (2) samples both of 0.5m downhole width within the massive sulphide zone (224.5m-226.2m) in DRRCD0019 are affected by this upper limit and have been assigned 40% Pb in the significant intersections grade estimate. Au analysis by fire assay/AAS Finish (AA24). Over-limit Au by fire-assay and gravimetric finish (GRA-21). QAQC protocols for all DD sampling involved the use of talismanmining.com.au 11 4 August 2024 ASX Announcement Criteria JORC Code explanation Commentary accuracy (i.e. lack of bias) and precision have been established. • • • • • • • Verification of sampling and assaying Location of data points • The verification of significant intersections by either independent or alternative company personnel. • The use of twinned holes. • Documentation of primary data, data entry procedures, data verification, data storage (physical and electronic) protocols. • Discuss any adjustment to assay data. • Accuracy and quality of surveys used to locate drill-holes (collar and down- hole surveys), trenches, mine workings and other locations used in Mineral Resource estimation. • Specification of the grid system used. • Quality and adequacy of topographic control. • • • • • certified reference materials as assay standards, inserted at a 1 in 25 sampling rate. Field duplicates and blanks are introduced in areas of identified mineralisation. All assays are required to conform to the procedural QAQC guidelines as well as routine laboratory QAQC guidelines. All QAQC controls and measures were routinely reviewed. Laboratory checks (repeats) occurred at a frequency of 1 in 25. Field duplicates returned a reasonable level of precision with some minor variation in Au attributed to nugget effect of gold mineralisation. Each 1m or 2m composite RC Drill sample undergoes routine pXRF analysis using an Olympus Vanta M-series to aid in logging and identifying zones of interest. All pXRF readings were taken in Geo-Exploration mode with a 45 second 3 beam reading. Standard reference materials were used to calibrate the pXRF instrument every 30 samples. In relation to the disclosure of visual mineralisation, the Company cautions that visual estimates of sulfide material abundance should never be considered a proxy or substitute for laboratory analysis. Laboratory assay results are required to determine the type, grade and width of the visible mineralisation reported in this announcement. The Company will update the market when laboratory analytical results become available. Significant intercepts have been verified by alternate company personnel. Logging and sampling data is captured and imported using Ocris software. Assay data is uploaded to a secure database directly from the CSV file provided by the laboratory. Primary laboratory assay data is always kept and is not replaced by any adjusted or interpreted data. Talisman RC drill collar locations are pegged using a handheld GPS. Final collar locations were also picked up using a hand-held GPS with +/- 3m accuracy. The coordinate system used is the Geocentric Datum of Australia (GDA) 1994. All coordinates are in the Map Grid of Australia zone 55 (MGA), Universal Transverse Mercator. talismanmining.com.au 12 4 August 2024 ASX Announcement Criteria Data spacing and distribution JORC Code explanation • Data spacing for reporting of Exploration Results. • Whether the data spacing and distribution is sufficient to establish the degree of geological and grade continuity appropriate for the Mineral Resource and Ore Reserve estimation procedure(s) and classifications applied. Commentary • • • • Whether sample compositing has been applied. • Whether the orientation of sampling achieves unbiased sampling of possible structures and the extent to which this is known, considering the deposit type. • • If the relationship between the drilling orientation and the orientation of key mineralised structures is considered to have introd