Investor Presentation - RRS Summer Series
Released
Released
Announcement PDF
talismanmining.com.au
ASX: TLM
Breakthrough mineral
discoveries on Australia’s
Eastern Seaboard
Investor Presentation- RRS December 2025
A well-funded explorer with a diversified
portfolio in NSW and South Australia
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Well-funded, strong exploration DNA, highly leveraged to
exploration success
The Talisman Investment Proposition
NSW - Lachlan and Macquarie Arc
• Three projects covering ~6,600km2
• World-class metal province
• 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
• $32.8m in receipts to date
NSW Lachlan
Wonmunna
Head office
Gawler Craton
NSW Lachlan
Hillston Cu-Au Project
Lachlan Cu-Au Project
Macquarie Arc Cu-Au Project
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Capital Structure Shareholder Ownership
Experience Board & Management
188.3M
Shares on issue
11.6M
Unlisted options
(Exercise Prices: 20.1c – 26.4c)
A$18.8M
Market Capitalisation
A$4.5M
Cash & Liquids
(30 Sept 2025)
(10c/share – 24 Sept 2025)
Nil
Debt
A$14.3M
Enterprise value
ASX: TLM
Kerry Harmanis
Non-Executive Chairman
Andrew Munckton
Managing Director
Peter Benjamin
Non-Executive Director
Brian Dawes
Non-Executive Director
Jeremy Kirkwood
Non-Executive Director
Tim Sharp
Exploration Manager
Board & Management
HNW Investors
Harmanis Holdings
Retail
Corporate Overview
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Wonmunna
MinRes recently released for Pilbara Hub
Ore Reserve – 51Mt at 57.5% Fe – 5 years at 10Mtpa
Mineral Resource - 161Mt at 57.0% Fe
Wonmunna plays a roles as blending material to lower P% and
Al2O3% to meet customer specifications
Talisman royalty payments
• To date - A$32.8M
• FY25 - A$9.0M
• SQ25 - A$1.55M
Lamb Creek first ore scheduled Q4 FY26
Production rate up to 7.5Mtpa
Displaces Wonmunna, with scheduled winddown in Q3 and Q4 FY26
A significant Mineral Resource remains at Wonmunna plus
exploration opportunity to extend from mined projects
Exploration and Definition Drilling – FY26 to expand Reserves of low
P% and Al2O3% ores at Wonmunna
Note 1. MinRes ASX announcement 27 August 2025, TLM announcement 29 October 2025
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Extensive, high-quality portfolio in a world-class mineral
districts
• Lachlan North Project
• 8 EL’s, 2215km2 (33% of the Lachlan Project)
• Cobar Basin Epithermal-style lead-zinc-silver-copper-gold
• $4.1M by TLM over 6 years
• Prospective for Copper and gold rich deposits
• Nearby established producers – Harmony, Aurelia, Aeris
• Lachlan South Project
• 9 EL’s, 2004km2 (30% of Lachlan Project)
• Cobar Basin Epithermal-style lead-zinc-silver-copper-gold
• $29.4M spent by TLM over 6 years.
• Contains Rip n Tear, Kaolin Shaft, Blind Calf and Durnings.
• Nearby established producers – Kingston
• Current exploration projects at Walkers Hill
• Sheepyard
• Maroonbah
• Gold Dominant
Lachlan Base Metals and
Copper-Gold Project
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Lachlan Project NSW
Durnings Prospect
Deeper Drill Test
• Initial 24 RC / DD holes drilled in 2 phases
• Two new zones Discovered
• Southern Durnings DRRCD0006 and DRRCD0019 Results3
• High grade, Base Metals dominant 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 High grade Zone, Copper-Gold dominant 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, Copper-Gold dominant 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.
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Lachlan Project NSW
Durnings Prospect
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
Note 3. ASX:TLM - 27 March & 29 April 2024. Note 4. ASX:TLM - 7 June 2024
& 20 November 2024.
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Lachlan Project NSW
Walkers Hill Prospect
Initial Drill Test
• Sheepyard4
• Initial 5 RC Holes
• Large Coherent gold and arsenic-in-soil anomaly 1km x 1km
associated with significant geological contact
• Shallow RC results
• 40m at 0.46g/t Au from 3m - PMV005
• 42m at 0.44g/t Au from 4m – SYRC0003
• Strong IP chargeability target at depth intersected
• +25mV/V
• 16m at 0.38g/t Au from 124m – SYRC0002
• 24m at 0.58g/t Au from 124m – SYRC0004
• Follow up with AC program, 2500m targeting higher grade near surface
mineralisation commenced late November. Assays in 4-6 weeks
• Maroonbah4
• 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 infill soil Geochem in CY26
Note 4. ASX:TLM – 17 June 2025, 23 July 2025 & 15 September 2025
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Lachlan Project NSW
Walkers Hill Prospect
Initial Drill Test
• Sheepyard4
• Initial 5 RC Holes
• Large Coherent gold and arsenic-in-soil anomaly 1km x 1km
associated with significant geological contact
• Shallow RC results
• 40m at 0.46g/t Au from 3m - PMV005
• 42m at 0.44g/t Au from 4m – SYRC0003
• Strong IP chargeability target at depth intersected
• +25mV/V
• 16m at 0.38g/t Au from 124m – SYRC0002
• 24m at 0.58g/t Au from 124m – SYRC0004
• Follow up with AC program, 2500m targeting higher grade near surface
mineralisation commenced
• Maroonbah4
• 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 infill soil Geochem in CY26
Note 4. ASX:TLM – 17 June 2025, 23 July 2025 & 15 September 2025
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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 IP-
MT) surveys
Macquarie Arc Project NSW
Exposure to Tier-1 Cu-Au
deposit discovery potential
Note 7. ASX:TLM – 6 August, 30 September, 30 October 2024, 23 July 2025.
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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
• 20km N of Boda-Kaiser (Alkane)
• Coincident gravity-magnetic anomalies on
major basin structures
• Detailed magnetic and regional gravity data
acquired. Landholder engagement for on-
ground activities complete
• New geophysics (IP-MT) surveys reveal buried
chargeability targets
• Diamond drilling commenced
Macquarie Arc Project NSW
Exposure to Tier-1 Cu-Au
deposit discovery potential
Note 7. ASX:TLM – 6 August, 30 September, 30 October 2024, 23 July, 29 October 2025.
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Yarindury Cu-Au Project7
• Exploration Licence (EL9679)
• 100km north of Cadia (Newmont)
• 20km N of Boda-Kaiser (Alkane)
• Both Cadia and Boda Kaiser show substantial
chargeability anomalies associated with NW-
SE trending structural features immediately
above the very large Cu-Au deposits
• New geophysics (IP-MT) surveys reveal buried
chargeability targets of substantial scale and
high chargeability associated with interpreted
NW-SW trending structural features
• 2 deep diamond holes planned to test first two
IP-MT targets
• Diamond drilling commenced December 2025
Macquarie Arc Project NSW
Exposure to Tier-1 Cu-Au
deposit discovery potential
Note 7. ASX:TLM – 6 August, 30 September, 30 October 2024, 23 July, 29 October 2025.
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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
drilling, larger target testing
Active on-ground exploration
Reliable funding – strong cash balance + ongoing
royalty revenue
Large scale exploration and development
opportunities in
Cobar Basin – NSW
Macquarie Arc - NSW
Gawler Craton – South Australia
Key investment takeaways
Highly leveraged to
discovery success
talismanmining.com.au
Contact Mr Andrew Munckton
Managing Director
+61 8 9380 4230
info@talismanmining.com.au
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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 Andrew Munckton, who is a member of
the Australasian Institute of Geoscientists. Mr Munckton 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 Munckton 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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