Slide 1: Investor Update April 2016
For personal use only TLDD00026: Bornite-bearing core from Monty assaying up to 46% Cu High-grade Maiden Mineral Resource – 99kt contained Cu1 Proven district-wide VMS potential Investor Update April 2016 Dan Madden Acting CEO
Slide 2: Disclaimer and Competent Person's Statements
Disclaimer and Competent Person’s Statements Disclaimer For personal use only This presentation has been prepared by Talisman Mining Ltd. This document contains background information about Talisman Mining Ltd current at the date of this presentation. The presentation is in summary form, has not bee
Slide 3: Talisman Overview
Talisman Overview • Cornerstone asset: 30% interest in Springfield JV Copper-Gold Project, in joint venture with Sandfire Resources NL (ASX: SFR) For personal use only • One of the world’s most significant new high-grade copper discoveries at Monty, ~10km from DeGrussa copper-gold mine: • Initial Mi
Slide 4: Corporate Background & Overview
Corporate Background & Overview • Strong culture & corporate philosophy. Key focus on Capital Structure For personal use only developing and executing strategies to build shareholder value Shares on Issue 185.7M Unlisted Options 5.6M • Jeremy Kirkwood, non-executive Chairman – extensive experience i
Slide 5: Springfield Copper-Gold Project
For personal use only Springfield Copper-Gold Project The next chapter of copper-gold discoveries in a world-class VMS province 5
Slide 6: Springfield Joint Venture
Springfield Joint Venture • First regional discovery outside of the For personal use only DeGrussa VMS complex • Maiden Mineral Resource estimate for Monty • High-grade – 1.05Mt @ 9.4% Cu & 1.6g/t Au for 99kt Cu & 55kOz Au1 contained • 99% Indicated - high quality and high confidence • Massive Sulph
Slide 7: Discovery to Delineation - Monty's transformational months
Discovery to Delineation - Monty’s transformational 11 months For personal use only 13 April 2016 - Maiden Mineral Resource estimate of 1.05Mt @ 9.4% Cu & 1.6g/t Au for 99kt contained Cu & 55kOz contained Au1 10 Mar 2016 - Talisman raises $16.7million through overly subscribed share placement at 45c
Slide 8: Monty Geology – Building the model
Monty Geology – Building the model • Maiden Mineral Resource estimated using For personal use only data from 82 diamond drill holes • Two major massive sulphide lenses containing 87.3% of contained Copper • Consistent high-grade and high-tenor copper mineralisation • 696,000t @ 12.4% Cu & 2.1g/t Au1
Slide 9: Monty Geology – Building the model
Monty Geology – Building the model For personal use only • Halo Mineralisation both internal & external to Massive Sulphide lenses • Identified by Chlorite alteration and massive, disseminated &/or blebby sulphides • Interpreted by Sandfire to extend below massive sulphide mineralisation • Planned d
Slide 10: Monty Geology – Building the model
Monty Geology – Building the model • high-grade & high quality Mineral Resource For personal use only estimate: • high-grade – 1.05Mt @ 9.4% Cu & 1.6g/t Au for 99kt Cu & 55kOz Au1 contained. • Massive Sulphide Component - 763kt @ 12.1% Cu & 2.1g/t Au for 92kt Cu & 52kOz Au1 • 99% Indicated –availabl
Slide 11: Monty – Maiden Resource high-grade & high quality
Monty – Maiden Resource high-grade & high quality For personal use only MONTY MINERAL RESOURCE – APRIL 20161 Grade Contained Grade Contained Type Mineral Resource Category Tonnes Cu (%) Cu (t) Au (g/t) Gold (oz) Indicated 754,000 12.0 91,000 2.1 51,000 Massive Inferred 9,000 20.7 2,000 2.7 1,000 Sul
Slide 12: Monty Bornite Mineralisation
Monty Bornite Mineralisation For personal use only • Two separate lenses of high-grade bornite mineralisation within the main massive sulphide lenses • Significantly higher tenor than other massive sulphide zones • Interpreted by Sandfire to be approximately orthogonal to lithological layering • Int
Slide 13: Monty Halo Mineralisation
Monty Halo Mineralisation For personal use only • Halo Mineralisation both internal & external to Massive Sulphide lenses • Identified by Chlorite alteration and massive, disseminated &/or blebby sulphides • Interpreted by Sandfire to extend below massive sulphide mineralisation • Planned deep diamo
Slide 14: Monty Deposit – Next Steps planned or under consideration
Monty Deposit – Next Steps planned or under consideration For personal use only • Targeted structural drilling program • Development of structural geological model • Further drilling to understand potential extent of bornite mineralisation • Planned program of deep diamond drilling and subsequent do
Slide 15: Springfield Exploration Potential – Multiple Prospective Corridors
Springfield Exploration Potential – Multiple Prospective Corridors • Monty provides proof of concept for Springfield to be part of a larger VMS camp For personal use only • Joint Venture exploration over wider Springfield Project at early stage (minimal diamond drilling by JV outside Monty Deposit)
Slide 16: 5km Monty Trend – The Unfolding Story
5km Monty Trend – The Unfolding Story For personal use only Recent & planned RC drilling. Approximate limit of drill-testing DHEM surveys to be undertaken • Systematic AC program to accurately delineate the interpreted VMS host horizon in the Monty area • RC drilling and down-hole electromagnetic su
Slide 17: Homer Prospect – The New Horizon?
Homer Prospect – The New Horizon? • High priority VMS target corridor For personal use only located ~4km along strike to the east of Sandfire’s DeGrussa mine • Drilling to date by Joint Venture has: • Identified the interpreted C5 VMS stratigraphic package; • Intersected a thick sequence of exhalati
Slide 18: Sinclair Nickel Project
For personal use only Sinclair Nickel Project A counter-cyclical option in nickel 18
Slide 19: Sinclair Nickel Project – Background
Sinclair Nickel Project – Background • Discovered late 2005, developed in 2008 For personal use only • Historical Sinclair mine production: • 1.58 Mt @ 2.44% Ni for 38,500t of contained Ni • Care and maintenance since August 2013 • Extensive infrastructure including: • Nickel concentrator, operated
Slide 20: Sinclair Nickel Project – Multiple Exploration Opportunities
Sinclair Nickel Project – Multiple Exploration Opportunities For personal use only ~445m 200m 200m Wide-spaced drilling of the Sinclair Deposit for 1km beyond current mine development has returned significant intersections Skye & Stirling – two parallel ultramafic channels with EM targets Delphi Nor
Slide 21: Summary
Summary • Multiple opportunities at Springfield Joint Venture: For personal use only • Maiden Mineral Resource for Monty is high quality & high-grade • Ultra-high-grade mineralisation in Monty Deposit (bornite zones) • Halo mineralisation extending below massive sulphide mineralisation • Studies to
Slide 22: For personal use only
For personal use only TLDD00026: Bornite-bearing core from Monty assaying up to 46% Cu Maiden Mineral Resource – 99kt contained Cu District-wide VMS potential growing Investor Update April 2016 Dan Madden , Acting CEO
Slide 23: Appendix
Appendix 1 • 1Information in this release that relates to the Monty JORC Mineral Resource estimate is For personal use only information previously published by Sandfire Resources NL (“Sandfire”) and is available on the Sandfire and ASX websites (see announcement “Maiden High-Grade Mineral Resource f
Slide 24: Appendix – Vertical Long Projection Explanatory Note
Appendix 1 Vertical Long Projection – Explanatory Note For personal use only • The diagrammatic Vertical Longitudinal Projection depicted on slide 14 displays the seven separate modelled massive sulphide mineralisation lenses and two modelled halo mineralisation lenses projected horizontally onto a