Slide 1: Creating Value through Mineral Discovery
For personal use only Creating Value through Mineral Discovery Investor Presentation: August 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 Cu-Au Project ■ Commanding landholding in a current exploration hotspot For personal use only ■ Significant potential for the discovery of large Cu, Au and base metal deposits ■ Highly mineralised region with advanced drill targets and large areas subjected to
Slide 4: NSW Lachlan Cu-Au Project
NSW Lachlan Cu-Au Project For personal use only A New Exploration Focus Focused Australian mineral resources company 4
Slide 5: 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 6: High quality address in exploration hotspot
Lachlan Cu-Au Project - High quality address in exploration hotspot Consolidation of well endowed tenure with multiple opportunities and targets For personal use only ■ All areas subject to limited modern day exploration ■ Structural analysis of Lachlan underway to provide high level targeting and p
Slide 7: Exploration Approach
Lachlan Cu-Au Project - Exploration Approach 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 for 12-18 mo
Slide 8: Southern Region
Lachlan Cu-Au Project - Southern Region Initial focus - Crowl Creek and Boona tenements For personal use only ■ Southern Extension of the Mineral Hill host volcanic sequence, over a strike length of ~10km ■ Numerous historical mine workings (early 1900’s) ■ High-grade Au/Cu/Pb mineralisation at surf
Slide 9: Southern Region – Crowl Creek and Blind Calf Prospect
Lachlan Cu-Au Project - Southern Region Crowl Creek and Blind Calf Prospect For personal use only ■ Multiple mineralised lodes identified for follow up or initial drill testing ■ Visible quartz veining outcrop at structurally important positions which will be subject to further assessment ■ Initial
Slide 10: Southern Region – Blind Calf Prospect
Lachlan Cu-Au Project - Southern Region Blind Calf Prospect For personal use only ■ Stage II RC drilling confirms 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 down hole ■ BCRC007: 11m @ 4
Slide 11: Blind Calf Prospect, Crowl Creek and Boona next steps
Lachlan Cu-Au Project - Southern Region Blind Calf Prospect, Crowl Creek and Boona next steps For personal use only ■ Comprehensive Stage III RC and DD program at Blind Calf Prospect to test: ■ Extensions to mineralisation identified from Stage II drillling ■ EM plates identified from DHEM surveys ■
Slide 12: Central Region Project Overview
Lachlan Cu-Au Project - Central Region Project Overview For personal use only ■ Straddles highly prospective Canbelego-Mineral Hill Rift sequence ■ Prospective for Cu, Au and Base metals ■ Cu-Zn-Pb anomalism at Mt Walton ■ Historic untested IP anomaly at Cumbine Prospect i & ii Refer to TLM ASX anno
Slide 13: Central Region – Mt Walton
Lachlan Cu-Au Project - Central Region Mt Walton For personal use only ■ Large, coherent base metal anomaly identified from Stage I auger drilling ■Extends ~1 km along strike of the regionally significant Gilmore Suture fault zone ■ Strong coincident copper-zinc-lead anomaly, consistently high grade
Slide 14: Central Region – Cumbine Prospect
Lachlan Cu-Au Project - Central Region Cumbine Prospect For personal use only ■ Stage II RC drilling program submitted to follow-up known historic gold mineralisation and to test an existing untested IP anomaly at the Cumbine Prospect. Cumbine Prospect showing IP chargeability image (125m depth), dr
Slide 15: Northern Region – Sussex Gold Project area overview
Lachlan Cu-Au Project - Northern Region Sussex Gold Project area overview For personal use only ■ Located along the large crustal scale Gilmore Suture Zone, north of Mt Boppy Mine ■ Known historic mineral occurrences – Cobra Shaft, Earl of Sussex and Big Reef prospects ■ Limited modern systematic ex
Slide 16: 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 Mt Walton RC drilling to target Zn-Cu-Pb anomaly Stage II Cumbine Prospect RC drilling to test IP anomaly Stage
Slide 17: 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 17
Slide 18: 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 ■ Historic Production 1.58Mt @ 2.44% nickel for 38,599t o
Slide 19: Sinclair: Regional and near-mine exploration potential
Sinclair: Regional and near-mine exploration potential Potential for discovery of nickel sulphide mineralisation close to existing infrastructure For personal use only ■ Assessment underway of potential resource target for known mineralization at Sinclair mine extension plus Sinclair remnants ■ Othe
Slide 20: Sinclair: Near-mine exploration testing new target positions
Sinclair: Near-mine exploration testing new target positions Skye East Contact: For personal use only ■ Conceptual drill target along the eastern extension of the Skye basal target area ■ Target down dip of weak-moderate mineralisation intersected in three holes at 80-100mtrs depth: ■ CWD105 – 0.57m
Slide 21: 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 ■ Operated at ~440ktpa ■ Open pit, decline and underground mine ■ 200-person accommodation village ■ Administration
Slide 22: Springfield JV (30% Talisman)
Springfield JV (30% Talisman) For personal use only Development of the world’s highest grade copper mine underway Focused Australian mineral resources company 22
Slide 23: 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 ■ Recent in-principle agreement for sale of JV interest to Sandfire Resources NL crystallises significant up-front value ■ Consi
Slide 24: The Talisman Investment Case
For personal use only The Talisman Investment Case Emerging metals producer with exceptional prospectivity Focused Australian mineral resources company 24
Slide 25: Exceptional exploration prospectivity in gold, copper and base metals
The Talisman Investment Case Exceptional exploration prospectivity in gold, copper and base metals For personal use only Lachlan Cu-Au Project, New South Wales ■ Large consolidated landholding in an Australian exploration hotspot ■ Significant potential for discovery of substantial Cu, Au and base m
Slide 26: 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 9.7M Shaun Vokes - Chief Financial Officer and Company Secretary Market Capitali
Slide 27: Discovering and Developing Opportunities in Base and Precious Metals
For personal use only Investor Presentation: August 2018 Discovering and Developing Opportunities in Base and Precious Metals Focused Australian mineral resources company 27
Slide 28: Appendix 1: Competent Persons' Statements
Appendix 1: Competent Persons’ Statements Note i: Mineral Resources For personal use only Information in this presentation that relates to the Monty JORC Mineral Resource estimate is information previously published by Sandfire Resources NL (“Sandfire”) and is available on the Sandfire and ASX websi
Slide 29: Appendix 1: Competent Persons' Statements – Exploration Results
Appendix 1: Competent Persons’ Statements Exploration Results and Exploration Targets For personal use only Information in this presentation that relates to Exploration Results and Exploration Targets as defined under the 2012 Edition of the “Australian Code for Reporting of Mineral Resources and Or