Announcement PDF A well-funded explorer with a diversified portfolio in NSW and South Australia Breakthrough mineral discoveries on Australia’s Eastern Seaboard Resource Rising Stars 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 planned • Significant zones of high-grade lead-zinc-silver-copper-gold mineralisation at Durnings • Exciting new project at Yarindury SA Gawler Craton • Mabel Creek IOCG Project • ~1,050km2 in under-explored terrain • Close to major world-class mines (Prominent Hill, Olympic Dam) WA Wonmunna Iron Ore Royalty • Uncapped 1% gross revenue royalty • Operated by Mineral Resources (ASX: MIN) • Production commenced March 2021 • $22.3m 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 3 ASX: TLM Corporate Overview Capital Structure 188.3M Shares on issue Shareholder Ownership 13.2M Unlisted options (Exercise Prices: 20.1c – 26.4c) Board & Management HNW Investors Harmanis Holdings Retail Experience Board & Management A$37.7M A$6.0M (20c/share – 22 Aug 2024) (31 July 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$31.7M Enterprise value Non-Executive Director Non-Executive Director Exploration Manager 4 Wonmunna Owned and operated by Mineral Resources in Pilbara of WA Wonmunna Iron Ore Royalty Part of MinRes Pilbara Hub. Ore mined and trucked to Port Hedland for shipping and sale Wonmunna is one of the two mines (Iron Valley is the other) that supply ore for Pilbara Hub Pilbara Hub FY24 Actual 10.4m wmt Wonmunna ~60% of feed. FY25 guidance – 9.0Mt-10.0Mt Iron ore Lump (25%) and Fines. 1% (Uncapped) Iron ore royalty stream – Fully Funds exploration FY24 Ore Reserve 57Mt at 58% Fe Talisman royalty payments • FY24 A$8.6M • JQ24 A$2.3M 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 • • • • • • • • Canbelego - Mineral Hill Volcanic Belt Durnings Prospect associated with strong base metals soil geochemistry SE of Mineral Hill ( operated by Kingston Resources) 17Km strike length of the prospective Faults/Structure Dominant position over the most prospective ground Large IP anomalies –1.3km strike length implying substantial structurally controlled target –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, moderate scale • Multiple complimentary deposits • Nearby established 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 DRRCD0006 and DRRCD0019 Results3 • Zone of high grade, Base Metal 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, 0.20% Cu, 0.24g/t Au from 198m • Zone high grade, Cu-Au 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 DRDD0023 Results4 • Second Zone 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 Downhole geophysics • Significant DHEM plates with planned Diamond drilling follow up Note 3. ASX:TLM - 27 March & 29 April 2024. Note 4. ASX:TLM - 7 June 2024 9 Lachlan Project NSW Durnings Prospect Durnings Interpreted Cross Section Orthogonal View Southern Durnings DHEM plates Note 3. ASX:TLM - 27 March & 29 April 2024. Note 4. ASX:TLM - 7 June 2024 DRRCD0019 - Massive Galena-Sphalerite -1.7m at 26.5% Pb, 7.8% Zn, 558g/t Ag, 0.7% Cu and 0.81g/t Au from 224.5m 10 Lachlan Project NSW Rip n Tear Prospect Stage 1 – 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 Ag5,6 • MYRCD0003 - 105m at 1.3% Pb and 13.5g/t Ag5,6 Follow up with RC and DD program holes DRRC0005 to DRDD0017 Diamond holes to provide info on structural input, technical studies and mineralisation style Large, Low grade Pb-Ag-Zn deposit Mineralization characterization studies Seek partner to take the project forward while focus on high grade discovery Note 5. ASX:TLM - 20 October & 6 November 2023. Note 6. ASX:TLM – 26 February 2024 11 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 12 Macquarie Arc Project NSW Exposure to Tier-1 Cu-Au deposit discovery potential Yarindury Cu-Au Project7 • • • • • • • • Granted Exploration Licences (EL9679) Tenure spans Ordovician age Volcanics containing complex deep-seated intrusions Previously explored by Newcrest 2018 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 (shown) never tested with drilling Detailed magnetic and regional gravity data acquired. Landholder engagement for onground activities complete Drill testing - September 2024 Note 7. ASX:TLM – 6 August 2024 13 Macquarie Arc Project Cadia-Ridgeway Magnetic Anomaly vs Yarindury Magnetic Anomaly7 Note 7. ASX:TLM – 6 August 2024 14 Cadia vs Yarindury Comparison - 3D Magnetic Models7 CADIA SECTION 6296100N CADIA PIT CADIA Far East CADIA East 500m CADIA & YARINDURY MVI 3D Models plotted at same scale & using the Yarindury 3D MVI Model colour palette YARINDURY SECTION 6435090N 500m Note 7. ASX:TLM – 6 August 2024 15 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 16 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 On-ground activities (geophysics and drilling) in 2024 17 Mabel Creek Project SA Exposure to Tier-1 deposit discovery potential Mabel Creek IOCG Project • • • • • • • • • 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 Post-mineral cover across tenure relatively shallow (30m to 150m) compared to other areas of the Gawler Craton Previous explorers - Mammoth, Teck, Vale No on-ground exploration activities in the area since 2014 Detailed gravity data being acquired, TO engagement for on-ground activities Plan to be drill testing 1H FY24/25 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