Slide 1: Creating Value through Mineral Discovery
For personal use only Creating Value through Mineral Discovery Investor Presentation: September 2018 Focused Australian mineral resources company 1
Slide 2: Disclaimer
Disclaimer This presentation has been prepared by Talisman Mining Limited. For personal use only This document contains background information about Talisman Mining Ltd current at the date of this presentation. The presentation is in summary form, has not been independently verified and does not pur
Slide 3: Talisman – Asset Portfolio
Talisman – Asset Portfolio NSW Lachlan Copper-Gold Project For personal use only ■ Commanding landholding in a current exploration hotspot with significant potential for the discovery of large Cu, Au and base metal deposits ■ Highly mineralised region with advanced drill targets and large areas subj
Slide 4: Corporate Snapshot
Corporate Snapshot Experienced and Diverse Executive Team and Board Capital Structure For personal use only Dan Madden - Managing Director Shares on Issue 185.7M Tony Greenaway - General Manager Geology Unlisted Options 7.9M Shaun Vokes - Chief Financial Officer and Company Secretary Market Capitali
Slide 5: NSW Lachlan Cu-Au Project
NSW Lachlan Cu-Au Project For personal use only A New Exploration Focus Focused Australian mineral resources company 5
Slide 6: Lachlan Cu-Au Project - Cornerstone Asset
Lachlan Cu-Au Project - Cornerstone Asset Highly prospective geology and significant potential for further substantial base/precious metal discoveries For personal use only ■ Meaningful tenement position in highly mineralised but under-explored mining district ■ Multiple significant base and preciou
Slide 7: Lachlan Cu-Au Project - Exploration Approach
Lachlan Cu-Au Project - Exploration Approach Cost effective staged exploration to identify and test drill targets For personal use only ■ Stage I - Reconnaissance: ■ Extensive geochemical analysis (principally auger drilling) ■ MLEM surveys over identified anomalies Pipeline of Stage I work programs
Slide 8: Lachlan Cu-Au Project - Southern Region: Blind Calf Prospect
Lachlan Cu-Au Project - Southern Region Blind Calf Prospect For personal use only ■ Located in 100% owned Crowl Creek tenement package in Southern Region ■ . ■ Crowl Creek is high priority due to: ■ Visible quartz veining outcrop at structurally important positions ■ Multiple mineralised lodes ■ His
Slide 9: Lachlan Cu-Au Project - Southern Region: Blind Calf Prospect
Lachlan Cu-Au Project - Southern Region Blind Calf Prospect For personal use only ■ Multiple high-grade copper lodes that remain open at depth and untested along strike ■ Assay results returned include: ■ BCRC006: 13m @ 5.71% Cu, from 129m downhole1 ■ BCRC007: 11m @ 4.78% Cu, from 127m downhole5 ■ S
Slide 10: Boona Project current work and next steps
Lachlan Cu-Au Project - Southern Region Boona Project current work and next steps For personal use only ■ Boona region is extension to South East of Blind Calf corridor and Mineral Hill corridor ■ Initial Stage I auger drilling programs SE of mineralised Blind Calf mineral trends completed: ■ On sit
Slide 11: Lachlan Cu-Au Project - Central Region: Noisy Ned
Lachlan Cu-Au Project - Central Region Noisy Ned For personal use only ■ Large, coherent base metal anomaly identified from Stage I auger drilling7 ■ Extends ~1 km along strike of the regionally significant Gilmore Suture fault zone: ■ Strong coincident copper-zinc- lead anomaly, consistently high g
Slide 12: Lachlan Cu-Au Project - Central Region: Cumbine Prospect
Lachlan Cu-Au Project - Central Region Cumbine Prospect For personal use only ■ RC drilling program in early October to follow-up known historic gold mineralisation and to test an existing untested IP anomaly at the Cumbine Prospect8 Cumbine Prospect showing IP chargeability image (125m depth), dril
Slide 13: Lachlan Cu-Au Project Next Steps
Lachlan Cu-Au Project Next Steps For personal use only Lachlan Cu-Au Project Exploration Work Q3 CY18 4Q CY18 Northern Region Sussex Project regional auger drilling Stage I Central Region Noisy Ned Prospect RC drilling to target Zn-Cu-Pb anomaly Stage II Cumbine Prospect RC drilling to test IP anoma
Slide 14: Sinclair Nickel Project
Sinclair Nickel Project For personal use only Advanced opportunity with exploration upside in a proven nickel provence Focused Australian mineral resources company 14
Slide 15: Sinclair: A Low Cost, Fast Track, Development Option
Sinclair: A Low Cost, Fast Track, Development Option in the Right Environment A regionally strategic asset with established plant and infrastructure For personal use only ■ Strategically located in the world-class Agnew-Wiluna Greenstone belt ■ Significant existing Infrastructure and asset base incl
Slide 16: Sinclair: Development potential under right market conditions
Sinclair: Development potential under right market conditions Significant infrastructure in place with replacement value of approx. A$120M For personal use only ■ 350ktpa concentrator ■ Open pit, decline and underground mine ■ 200-person accommodation village ■ Administration buildings and stores ■
Slide 17: Sinclair Resource Mine Extension and Remnants
Sinclair: Sinclair Resource Mine Extension and Remnants JORC 2012 Indicated and Inferred Resource underpins potential mining inventory For personal use only JORC 2012 Mineral Resources2 JORC Category - Indicated Grade Cut-off Tonnage Ni % Ni t (Ni %) 0.5 370,000 2.0 7,400 1.0 350,000 2.1 7,300 1.5 2
Slide 18: Sinclair: Near-mine exploration testing new target positions
Sinclair: Near-mine exploration testing new target positions Newly identified Prospect close to Sinclair deposit and extending Skye Trend For personal use only ■ Skye East contact position was a conceptual target - hinge fold extension of Skye trend ■ Initial shallow drilling in August 2018 identifi
Slide 19: Sinclair: Delphi North
Sinclair: Delphi North Mineralised corridor 3km to south of Sinclair deposit For personal use only ■ Strong correlation with the Sinclair mine geological environment ■ Confirmed historic nickel sulphide mineralisation over a strike length of 700m : ■ SNRC010: 4m @ 4.79% Ni from 154m9 ■ SNRC012: 5m @
Slide 20: Sinclair: Other Regional Exploration
Sinclair: Other Regional Exploration Potential for discovery of nickel sulphide mineralisation close to existing infrastructure For personal use only ■ Multiple ultramafic trends over strike length approximately 80kms and within 30km of existing infrastructure ■ Historic Talisman drilling undertaken
Slide 21: Springfield JV (30% Talisman)
Springfield JV (30% Talisman) For personal use only Proposed sale transaction allows Talisman to return significant value to shareholders Focused Australian mineral resources company 21
Slide 22: Springfield Cu-Au Joint Venture - Transaction
Springfield Cu-Au Joint Venture - Transaction (TLM 30%, SFR 70%) 72.3M cash component of transaction allows Talisman to return value to shareholders For personal use only ■ Share Sale Agreement for sale of JV interest to Sandfire Resources NL crystallises significant up- front value ■ Consideration
Slide 23: The Talisman Investment Case
For personal use only The Talisman Investment Case Creating value through Mineral Discovery Focused Australian mineral resources company 23
Slide 24: The Talisman Investment Case
The Talisman Investment Case Exceptional exploration and development prospectivity in gold and copper For personal use only Lachlan Cu-Au Project, New South Wales ■ Significant potential for discovery of substantial Cu, Au and base metal deposits ■ Active exploration at multiple targets in 2018 incl
Slide 25: Creating value through Mineral Discovery
For personal use only Investor Presentation: September 2018 Creating value through Mineral Discovery Focused Australian mineral resources company 25
Slide 26: Appendix 1: Competent Persons' Statements
Appendix 1: Competent Persons’ Statements Exploration Results and Exploration Targets For personal use only 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 Anthony G
Slide 27: Appendix 2: Sinclair - Crushing and Grinding Circuit
Appendix 2: Sinclair - Development potential under right market conditions Significant infrastructure in place with replacement value A$120M For personal use only Sinclair Nickel Project – 300ktpa Crushing and Grinding Circuit Focused Australian mineral resources company 27
Slide 28: Appendix 2: Sinclair - Flotation Cells and Mill Control Room
Appendix 2: Sinclair - Development potential under right market conditions Significant infrastructure in place with replacement value A$120M For personal use only Sinclair Nickel Project – Flotation Cells and Mill Control Room Focused Australian mineral resources company 28
Slide 29: Appendix 2: Sinclair - Refuge Chambers and Ventilation
Appendix 2: Sinclair - Development potential under right market conditions Significant infrastructure in place with replacement value A$120M For personal use only Sinclair Nickel Project – Underground Refuge Chambers and Mine Ventilation equipment Focused Australian mineral resources company 29
Slide 30: Appendix 2: Sinclair - Accommodation Village
Appendix 2: Sinclair - Development potential under right market conditions Significant infrastructure in place with replacement value A$120M For personal use only Sinclair Nickel Project – +200-person Accommodation Village Focused Australian mineral resources company 30
Slide 31: Appendix 2: Sinclair - Bitumen Airstrip
Appendix 2: Sinclair - Development potential under right market conditions Significant infrastructure in place with replacement value A$120M For personal use only Sinclair Nickel Project – 2km Bitumen Airstrip Focused Australian mineral resources company 31