Announcement PDF A well-funded explorer with a diversified portfolio in NSW and South Australia Breakthrough mineral discoveries on Australia’s Eastern Seaboard Investor Presentation- Diggers and Dealers 2025 talismanmining.com.au ASX: TLM The Talisman Investment Proposition Well-funded, strong exploration DNA, highly leveraged to exploration success NSW - Lachlan and Macquarie Arc • Three projects covering ~6,600km2 • 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 Gold exploration project at Walkers Hill • 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) • 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 • $31.3m 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 2 ASX: TLM Corporate Overview Capital Structure Shareholder Ownership Board & Management 188.3M Shares on issue 11.6M Unlisted options (Exercise Prices: 20.1c – 26.4c) HNW Investors Harmanis Holdings Retail Experience Board & Management A$26.4M A$4.8M (14c/share – 21 July 2025) (30 June 2025) 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$21.6M Enterprise value Non-Executive Director Non-Executive Director Exploration Manager 3 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 ~50% of feed in FY25, ~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 – 23.4Mt Pre-Mining Ore Reserve and Mineral Resource Exploration and Definition Drilling – FY25 Talisman royalty payments • To date - A$31.3M • FY25 - A$9.0M • JQ25 - A$1.6M 4 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 gold target being drilled at Walkers Hill Significant high-grade Zn-Pb-Ag-Cu-Au system intersected at Durnings 5 Lachlan Project NSW Rip n Tear Prospect Initial Drill Test • • • • • • • 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 Ag1 • MYRCD0003 - 105m at 1.3% Pb and 13.5g/t Ag2 Follow up RC and DD program holes DRRC0005 to DRDD0017 Diamond drilling provided info on structural input, technical studies and mineralisation style Large, Low grade Sedex style Pb-Ag-Zn deposit Seek partner to take the project forward while focus on high grade discovery Note 1. ASX:TLM - 20 October & 6 November 2023. Note 2. ASX:TLM – 26 February 2024 6 Lachlan Project NSW Durnings Prospect 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 Adjacent to Mineral Hill (Kingston) processing facility Note 3. ASX:TLM - 27 March & 29 April 2024. Note 4. ASX:TLM - 7 June 2024 & 20 November 2024. 7 Lachlan Project NSW Durnings Prospect Note 3. ASX:TLM - 27 March & 29 April 2024. Note 4. ASX:TLM - 7 June 2024 & 20 November 2024. Durnings North Interpreted Cross Section Durnings South Interpreted Cross Section 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 8 Lachlan Project NSW Walkers Hill Prospect Initial Drill Test • • • Sheepyard5 • Initial 6 RC Holes • Large Coherent gold and arsenic-in-soil anomaly 1km x 1km associated with significant geological contact • Historical shallow RC results • 40m at 0.46g/t Au from 3m - PMV005 • 12m at 0.38g/t Au from surface – TMY027 • Maximum hole depth 60m • Strong IP chargeability target at depth below RC drilling • +25mV/V • below oxide zone to 50m. Maroonbah5 • Large coherent gold and arsenic in soil anomaly 3.5km x 2.5km associated with significant geological contact • Historical shallow RC results • 20m at 0.48g/t Au from 16m – TBC015 Follow up with initial geophysics followed by RC drilling if Sheepyard drilling is encouraging Note 5. ASX:TLM – 17 June 2025 & 25 July 2025. 9 Lachlan Project NSW Walkers Hill Prospect Initial Drill Test • • • Sheepyard5 • Initial 6 RC Holes • Large Coherent gold and arsenic-in-soil anomaly 1km x 1km associated with significant geological contact • Historical shallow RC results • 40m at 0.46g/t Au from 3m - PMV005 • 12m at 0.38g/t Au from surface – TMY027 • Maximum hole depth 60m • Strong IP chargeability target at depth below RC drilling • +25mV/V • below oxide zone to 50m. Maroonbah5 • Large coherent gold and arsenic in soil anomaly 3.5km x 2.5km associated with significant geological contact • Historical shallow RC results • 20m at 0.48g/t Au from 16m – TBC015 Follow up with initial geophysics followed by RC drilling if Sheepyard drilling is encouraging Note 5. ASX:TLM – 17 June 2025 & 25 July 2025. 10 Macquarie Arc Project NSW Exposure to Tier-1 Cu-Au deposit discovery potential Two Project Areas • Junee Narromine Belt • • • • • Grassroots to advanced Exploration 4 significant blocks of ground – 766km2 Tenure spans Ordovician age Volcanics containing complex deep-seated intrusions Adjacent to North Parkes (Evolution) and Tomingley (Alkane) operations Molong Belt7 • • • • • Yarindury EL9679 – 180km2 Previously explored by Newcrest and Golden Cross Coincident gravity-magnetic anomalies on major basin structures Tenure spans Ordovician age Volcanics containing complex deep-seated intrusions confirmed by Newcrest drilling 2018 New exploration targets revealed by geophysical IPMT) surveys Note 7. ASX:TLM – 6 August, 30 September, 30 October 2024 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 Newcrest drilling at targets in area confirmed Ordovician basement Detailed magnetic and regional gravity data acquired. Landholder engagement for onground activities complete New geophysics (IP-MT) surveys reveal buried chargeability targets Planned drilling in DQ25 Note 7. ASX:TLM – 6 August 2024, 30 September 2024, 30 October 2024, 25 July 2025 12 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 and heritage Surveys leading to Land Access Agreement 13 Mabel Creek Project SA Exposure to Tier-1 deposit discovery potential Mabel Creek IOCG Project RTP Magnetics8 • • • • • • • • • 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 Initial drilling in MQ25 showed large alteration halo at MCMRD0002. Granitic porphyry dykes with anomalous Mo and REE Vectors to IOCG mineralisation Further drilling JH FY26 14 Note 8. ASX:TLM – 30 October 2024 and 28 February 2025. 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 ✓ Exciting new exploration projects at Walkers Hill ✓ 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 15 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. 17