Announcement PDF A well-funded explorer with a diversified portfolio in NSW and South Australia Breakthrough mineral discoveries on Australia’s Eastern Seaboard AGM 22 November 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 2 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 underway • Significant zones of high-grade lead-zinc-silver-copper-gold mineralisation at Durnings • Exciting new porphyry copper-gold project at Yarindury SA - Gawler Craton • Mabel Creek IOCG Project • ~1,040km2 in under-explored terrain • Close to major world-class mines (Prominent Hill, Olympic Dam) • New gravity targets of significant scale to drill WA - Wonmunna Iron Ore Royalty • Uncapped 1% gross revenue royalty • Operated by Mineral Resources (ASX: MIN) • Production commenced March 2021 • $25.6m 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 3 ASX: TLM Corporate Overview Capital Structure 188.3M Shares on issue Shareholder Ownership 11.6M Unlisted options (Exercise Prices: 20.1c – 26.4c) Board & Management HNW Investors Harmanis Holdings Retail Experience Board & Management A$41.4M A$6.1M (22c/share – 20 Nov 2024) (30 Sept 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$35.3M Enterprise value Non-Executive Director Non-Executive Director Exploration Manager 4 Wonmunna Owned and operated by Mineral Resources in Pilbara of WA Part of MinRes -Pilbara Hub. Ore mined and trucked to Port Hedland for shipping and sale. Wonmunna is one of two mines (Iron Valley is the other) that currently supply ore for Pilbara Hub Wonmunna Iron Ore Royalty Pilbara Hub FY24 Actual 10.4m wmt Wonmunna ~60% of feed in FY24, ~50% of feed LOM. Pilbara Hub FY25 guidance – 9.0Mt-10.0Mt Iron ore Lump (25%) and Fines. 1% (Uncapped) Iron ore royalty stream – Fully Funds exploration Wonmunna Shipping to date – 18.1Mt Pre-Mining Ore Reserve and Mineral Resource Exploration and Definition Drilling – FY25 Talisman royalty payments • To date - A$25.6M • FY24 - A$8.6M • SQ24 - A$2.5M 5 NSW Lachlan Project NSW Lachlan Project Extensive and highly prospective base metals and copper-gold tenure in a world-class district 6 Lachlan Base Metals and Copper-Gold Project Extensive, high-quality portfolio in a world-class mineral districts • • • • • • • 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 7 Lachlan Project NSW Durnings Prospect Stage 1 – Scope the project size potential • • • • • • • • Mineral Hill – Canbelego Volcanic Belt Durnings Prospect associated with strong base metals soil geochemistry SE along strike of Mineral Hill (Kingston Resources) 710sqkm and 26Km strike length of the prospective Structure Dominant position over the most prospective ground Large IP anomalies – implying substantial structurally controlled targets – 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, reasonable scale • Multiple deposits Cu-Au rich Multi-commodity • Nearby established process plant and infrastructure Note 1 & 2. ASX:TLM 15 May 2023 & ASX:TLM 6 June 2022 8 Lachlan Project NSW Durnings Prospect Stage 2 – Follow Up Drill Test • • • • • Initial 24 RC and DD holes drilled in 2 phases Two new zones Discovered Southern Durnings DRRCD0006 and DRRCD0019 Results3 • High grade, Base Metals 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, 0.2% Cu, 0.24g/t Au from 198m • Second Zone High grade, Cu-Au and Base Metals 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 Northern Durnings DRDD0023 Results4 • 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 Next Steps • 4700m RC and diamond drilling program commenced 15 October. First 3 holes DRDD0025-DRRCD0027 at Southern Durning complete.5 Note 3. ASX:TLM - 27 March & 29 April 2024. Note 4. ASX:TLM - 7 June 2024. Note 5 ASX:TLM – 20 November 2024. 9 Lachlan Project NSW Durnings Prospect Note 3. ASX:TLM - 27 March & 29 April 2024. Note 4. ASX:TLM - 7 June 2024 Durnings Interpreted Cross Section Orthogonal View Southern Durnings DHEM plates DRRCD0019 - Massive Pb-Zn Sulphides 1.7m at 26.5% Pb, 7.8% Zn, 558g/t Ag, 0.7% Cu and 0.81g/t Au from 224.5m 10 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 11 Macquarie Arc Project NSW Exposure to Tier-1 Cu-Au deposit discovery potential Yarindury Cu-Au Project7 • • • • • • • • Exploration Licence (EL9679) Tenure spans Ordovician age Volcanics containing complex deep-seated intrusions Previously explored by Newcrest 2017 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 not tested with drilling Detailed magnetic and regional gravity data acquired. Landholder engagement for onground activities complete Drill testing commenced - October 2024 Note 7. ASX:TLM – 6 August and 30 September 2024 12 Macquarie Arc Project Cadia-Ridgeway Magnetic Anomaly vs Yarindury Magnetic Anomaly7 Note 7. ASX:TLM – 6 August 2024 13 Macquarie Arc Project NSW Exposure to Tier-1 Cu-Au deposit discovery potential Yarindury Cu-Au Project7 • • • • • • • • Exploration Licence (EL9679) Tenure spans Ordovician age Volcanics containing complex deep-seated intrusions Previously explored by Newcrest 2017 and Golden Cross 2010 Coincident gravity-magnetic anomalies on major basin structures Newcrest drilling at other targets in area confirmed Ordovician basement Detailed magnetic and regional gravity data acquired. Landholder engagement for onground activities complete First hole YMRDD0001 completed to 562.7m in post-mineral cover New geophysics to map depth of cover before re-commencing drilling Note 7. ASX:TLM – 6 August, 30 September, 30 October 2024 14 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 15 Mabel Creek Project SA Exposure to Tier-1 deposit discovery potential Mabel Creek IOCG Project • • • • • 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 16 Mabel Creek Project SA Exposure to Tier-1 deposit discovery potential Mabel Creek IOCG Project8 • • • • • • • • 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 Previous explorers - Mammoth, Teck, Vale No on-ground exploration activities in the area since 2014 Detailed magnetics and seismic reflection data acquired and reprocessed by Mitre Geophysics Plan to be drill testing 1H CY25 Note 8. ASX:TLM – 30 October 2024 17 Mabel Creek Project SA Exposure to Tier-1 deposit discovery potential Mabel Creek IOCG Project8 • • • • • • Tenure spans a major deep-seated east-west trending fault system Post-mineral cover across tenure (100m-300m) compared to other deeper areas of the Gawler Craton Detailed gravity data acquired, target generation complete, TO engagement for onground activities Coincident gravity-magnetic anomalies on major faults highlights several targets Plan to be drill test first 4 targets 1H CY25 Other targets will be refined from the first drill campaign Note 8. ASX:TLM – 30 October 2024 18 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 19 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. 21