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 2 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 3 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 4 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 5 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 6 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. 7 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. 8 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 9 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 10 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. 11 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. 12 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. 13 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 15 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.