Announcement PDF A well-funded explorer with a diversified portfolio in NSW and South Australia Breakthrough mineral discoveries on Australia’s Eastern Seaboard Diggers and Dealers 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 Porphyry Cu-Au Project 3 Our Purpose Safety The safety and well-being of our people is at the forefront of everything we do. We will never compromise on safety and we will always stop work if it’s not safe to continue. People We aim to employ and retain the best people with the skills, belief and commitment to add value to our company. Accountability To generate superior returns for our shareholders through the exploration, discovery, development and commercialisation of high-value mineral resource opportunities in base and precious metals with Australia. We take ownership for ourselves and our work. We think and act like owners and will always strive to “do the right thing” for our business and our stakeholders. Integrity We act with honesty, fairness and transparency and we are sensitive to the environment and communities in which we operate. We do what we say and we treat all stakeholders with dignity and respect. Innovation We embrace innovation and strive for continuous improvement in everything we do. 4 ASX: TLM Corporate Overview Capital Structure 188.3M Shares on issue Shareholder Ownership 11.3M Unlisted options (Exercise Prices: 20.1c – 26.4c) Board & Management HNW Investors Harmanis Holdings Retail Experience Board & Management A$50.0M A$6.0M (26.5c/share – 1 July 2024) (1 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$44.0M Enterprise value Non-Executive Director Non-Executive Director Exploration Manager 5 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 the larger of the two mines (Iron Valley is the other) that supply ore for Pilbara Hub Pilbara Hub FY24 guidance 9.5-10.5Mt Wonmunna 50%-60% of feed. FY25 guidance – TBA Iron ore Lump (15%) 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 6 NSW Lachlan Project NSW Lachlan Orogen Extensive and highly prospective base metals and copper-gold tenure in a world-class district 7 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 8 Lachlan Base Metals and Copper-Gold Project Focused, Systematic, Cost-Effective Exploration • • • • • Completed two regional scale airborne geophysical surveys in 2022: • Falcon® Airborne Gravity Gradiometric (AGG) survey~15,5000kms @ 200m spacing • VTEM ™ Max Airborne Electromagnetic (AEM) survey ~6,300kms @ 200m spacing Interpretation of regional airborne geophysical surveys identified over 50 conductivity and gravity anomalies 12 of these geophysical targets identified as drill ready and shortlisted for testing 15 Prospects identified as requiring ground geophysics – moving loop electromagnetic (MLEM) and Pole-Dipole Induced Polarisation (PDIP) 4 Prospects drill tested in FY 2024 • Durnings – High grade Discovery Cu-Au and Pb-Zn-Ag • Rip n Tear – Extensive low grade Pb-Ag-Zn • Noisy Ned and Carpina North 9 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 10 Lachlan Project NSW Durnings Prospect Stage 2 – GAIP survey and Initial Drill Test • • • • • Assess all historical data 5km x 4km surveyed by detailed GAIP shows several consistent chargeable positions. Initial Drill test at broad spacing -7 holes DRRC0006 Results • Broad Zones of near surface, medium grade mineralization • 24m at 1.5% Pb, 15.6g/t Ag, 0.2% Zn, 0.02% Cu, 0.04g/t Au from 18m • 40m at 2.4% Pb, 26.3g/t Ag, 1.4% Zn, 0.09% Cu, 0.44g/t Au from 246m1 • Narrow zones of high grade, underground mining grade ores • 6m at 10.3% Pb, 126g/t Ag, 3.5% Zn, 0.4% Cu, 1.93g/t Au from 274m1 • Finished in mineralization - extended with diamond core Other Targets • Larger and stronger second GAIP anomaly 800m east –RC Drill test • Other geophysical targets (VTEM) within the area – survey with detailed ground geophysics Note 1. ASX:TLM 14 December 2023 11 Lachlan Project NSW Durnings Prospect Stage 3 – Follow Up Drill Test • • • • • Additional 13 RC and DD holes drilled Two new zones Discovered DRRCD0019 Results1 • Zone of high grade Base Metal mineralization • 7.5m at 1.5% Pb, 2.2% Zn, 23.6g/t Ag, 0.30% Cu, 0.31g/t Au from 198m • 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-Ag 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 Results2 • Second Zone high grade, Cu-Ag 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 • Diamond drilling follow up of the DHEM plates Note 1. ASX:TLM - 27 March & 29 April 2024. Note 2. ASX:TLM - 7 June 2024 12 Lachlan Project NSW Durnings Prospect Durnings Interpreted Cross Section Orthogonal View Southern Durnings DHEM plates 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 13 Lachlan Project NSW Rip n Tear Prospect Stage 1 – Assessment • • • • • • Rip n Tear Prospect associated with strong base metals soil geochemistry Canbelego Mineral Hill Volcanic belt 25km NW of Mineral Hill (Kingston Resources} Large MLEM anomalies - 3km and 2km strike length implying substantial stratigraphically and structurally controlled target Previous results • 1970s Percussion drilling to ~200 ft (61m) • Anomalous Cu and malachite staining • Pb/Ag rich gossans at surface • Widely spaced zones of surface anomalism Potential to be • SEDEX style • Large scale 14 Lachlan Project NSW Rip n Tear Prospect Stage 1 – Initial Drill Test • • • • • • • • Associated with NE-SW trending structures 2 Large MLEM anomaly 3.5km and 2km strike Discovery RC holes • MYRC0002- 208m at 1.2% Pb and 9.0g/t Ag1,2 • MYRCD0003 - 105m at 1.3% Pb and 13.5g/t Ag1,2 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 1. ASX:TLM - 20 October & 6 November 2023. Note 2. ASX:TLM – 26 February 2024 15 Macquarie Project NSW The Yarindury Prospect is an undrilled anomaly in lightly-explored project within the Macquarie Arc Porphyry Cu-Au corridor of New South Wales 100%-owned project Yarindury is located approximately 30km northeast of Dubbo in NSW Macquarie Project Macquarie Arc is Australia’s premier porphyry CuAu district with production from Cadia (Newmont), North Parkes (Evolution) and Cowal (Evolution), Tomingley (Alkane). Recent large discoveries , Boda/Kaiser Undrilled, Large Porphyry Copper Intrusion in Tier 1 District Tenure Granted, Access confirmed 16 Macquarie Project NSW Exposure to Tier-1 deposit discovery potential Yarindury Project • • • • • • • • Granted Exploration Licences (EL9679) Tenure spans Ordovician age Volcanics containing complex deep-seated intrusions Previously explored by Newcrest 2008 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 target (shown) never tested with drilling Detailed magnetic and regional gravity data acquired. Landholder engagement for onground activities underway Plan to be drill testing DQ 2024 17 Macquarie Arc Cu-Au Project Yarindury Magnetic Anomaly vs Cadia-Ridgeway Magnetic Anomaly Cu-Au porphyry intrusion model 18 Yarindury vs Cadia Comparison - 3D Magnetic Models 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 19 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 Cu producing area with Tier 1 production from Olympic Dam, Carapeteena (BHP) Prominent Hill (Oz Minerals now BHP) Recent large discoveries Oak Dam, Emmie Bluff Australia’s premier Cu producing area containing 3 of the top 5 operating mines Native Title and Access confirmed 20 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/OZ, RIO, 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 21 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 DQ 2024 22 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 23 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. 25