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Talon Metals Announces Eagle Mine NI 43-101 Technical Report Results; Provides Highlights and Strategic Takeaways
Champion, Michigan--(Newsfile Corp. - April 30, 2026) - Talon Metals Corp. (TSX: TLO) (OTCID: TLOFF) ("Talon" or the "Company") announces the results of an
About this update from Talon Metals Corp.
[{"type":"text","content":" Champion, Michigan--(Newsfile Corp. - April 30, 2026) - Talon Metals Corp. (TSX: TLO) (OTCID: TLOFF) (\"Talon\" or the \"Company\") announces the results of an independent National Instrument 43-101 technical report (the \"Technical Report\") for the Company's wholly owned Eagle Mine operation in Michigan, including the Eagle, Eagle East, and Keel deposits, together with the associated Humboldt Mill (collectively, \"Eagle\"). The Technical Report establishes Talon's first independent Mineral Resource and Mineral Reserve baseline for Eagle following the completion of its acquisition of the Eagle Mine and Humboldt Mill on January 9, 2026. It establishes a reserve-backed mine plan to the second half of 2030, supported by the Eagle, Eagle East, and Keel deposits, and provides the time needed to advance Talon's broader strategy in Michigan. \"This report provides Talon with a clear plan for Eagle and the existing operating platform,\" said Darby Stacey, Chief Executive Officer of Talon. \"The excellent team at Eagle Mine continues to deliver. The extension of the mine plan into the second half of 2030 provides continuity across our workforce and operations, continued value creation from this reliable resource, and greater flexibility to evaluate future feed opportunities for the Humboldt Mill. The positive economics and free cash flow profile of the remaining mine plan reinforces the value of the existing operating platform and enables our longer-term vision for company growth.\" Highlights Updated Mineral Resources include 3,299 thousand tonnes (\"kt\") Measured and Indicated grading 1.28% nickel and 0.97% copper, plus 132 kt Inferred grading 0.93% nickel and 0.71% copper (effective date of February 28, 2026). See Table 2. Updated Mineral Reserves total 3,486 kt Proven and Probable, grading 1.06% nickel and 0.82% copper, including approximately 37.10 kt contained nickel and 28.61 kt contained copper (effective date of February 28, 2026).[1] See Table 3. Reserve-backed mine plan to the second half of 2030. The Technical Report supports operations from March 2026 to the second half of 2030, extending the previously disclosed 2027 mine plan. The extension is primarily driven through the growing role of the Keel deposit in the later years of mine life, supported by front-loaded development, sustaining capital, and the existing Eagle-Hu...