Talisman Mining Limited · ASX:TLM
Talisman Mining — RIU Explorers' Conference February 2015
22 slides from Talisman Mining's conference presentation, Feb 25, 2015
Slide 1: RIU Explorers' Conference: Growth and Opportunity in Nickel and Copper
For personal use only RIU Explorers’ Conference February 2015 Growth and Opportunity in Nickel and Copper Dan Madden, Chief Financial Officer
Slide 2: Disclaimer and Competent Person's Statements
Disclaimer and Competent Person’s Statements Disclaimer For personal use only This presentation is not a prospectus nor an offer for securities in any jurisdiction nor a securities recommendation. The information in this presentation is an overview and does not contain all information necessary for
Slide 3: Overview – Platform for Growth
Overview – Platform for Growth • Exceptional record of capital management For personal use only • Last capital raising was in February 2010 – 5 years ago • Four significant enabling transactions completed in past four years: • Successful divestment of Wonmunna iron ore project for $34M cash in 2011,
Slide 4: Corporate Summary
Corporate Summary Capital Structure For personal use only Shares on Issue 131.5M Unlisted Options 6.25M Market Cap (at 15c) ~$19M Cash (post Sinclair completion) ~$6M Other Assets Ochre Group Holdings Limited 5.9% Wonmunna Iron Ore Project Royalty 1.0% Board Alan Senior (Chairman) – ex Jubilee Mines
Slide 5: Sinclair Nickel Project
For personal use only Sinclair Nickel Project A counter-cyclical opportunity in nickel 5
Slide 6: Sinclair Nickel Project – A Transformational Acquisition
Sinclair Nickel Project – A Transformational Acquisition For personal use only • Sinclair Nickel Project: • An advanced WA nickel sulphide project • Secured via Sale & Purchase Agreement with Glencore in October 2014 • $8M cash consideration, funded from Talisman cash reserves, plus $2M contingent p
Slide 7: Sinclair Nickel Project – Overview
Sinclair Nickel Project – Overview Highly prospective tenement package extending For personal use only • over 300km² • Sinclair acquisition includes: • Sinclair Nickel Mine (on care & maintenance) • Extensive near-new infrastructure (including 300ktpa Concentrator) • Existing deposit with drill-defi
Slide 8: Sinclair Nickel Project – Background
Sinclair Nickel Project – Background Project History For personal use only • Discovered by Jubilee Mines NL in October 2005 • Developed in 2008 / 2009 by Xstrata • Historical Sinclair mine production: • 1.58 Mt @ 2.44% Ni for 38,500t of contained Ni • Placed on care and maintenance by Glencore in Au
Slide 9: Sinclair Nickel Project – Deposit and Mine Development
Sinclair Nickel Project – Deposit and Mine Development For personal use only ~445m • Sinclair deposit comprises an elongated body of massive to disseminated sulphide mineralisation with a shallow plunge of around 20 degrees which was mined to ~445m below surface 9
Slide 10: Sinclair Nickel Deposit Extension
Sinclair Nickel Deposit Extension For personal use only 200m 200m • Wide-spaced drilling of the Sinclair Deposit for 1km beyond current mine development has returned significant intersections* Refer Talisman ASX Release 20th October 2014 • Modelling and evaluation work of Sinclair Deposit extension
Slide 11: Near-Mine Exploration Opportunity – Skye & Stirling
Near-Mine Exploration Opportunity – Skye & Stirling For personal use only • Skye and Stirling – two parallel, mineralised ultra-mafic channels (similar to Sinclair) with greater ultra-mafic volumes • Numerous significant mineralised intercepts from relatively broad spaced historical drilling • Late-
Slide 12: Skye & Stirling – Exploration Targeting Underway
Skye & Stirling – Exploration Targeting Underway For personal use only • Talisman, in association with SRK, have built 3D geological models of Skye and Stirling • Newexco have re-processed and reviewed historical EM data • Integration of these datasets is underway to identify optimal exploration tar
Slide 13: Sinclair Trend – A Pipeline of Exploration Opportunities
Sinclair Trend – A Pipeline of Exploration Opportunities For personal use only 8Km 8Km • Sinclair Trend offers along strike discovery opportunity for at least 8km • Limited historical drilling outside of immediate near-mine area • Priority Sinclair Trend exploration prospects are: • Delphi (North &
Slide 14: Summary – Fast-Track Development Potential
Summary – Fast-Track Development Potential • Sinclair has extensive infrastructure: For personal use only • Open pit, decline and underground mine • 300ktpa concentrate plant • 200-person accommodation village • Administration buildings and stores • Exploration office and core yard • Mining contract
Slide 15: Sinclair – The Next Steps
Sinclair – The Next Steps • Finalise matters relating to transfer of Project For personal use only ownership: • Stamp duty assessment • Tenement transfers • Key steps to enable commencement of initial drilling program: • Complete data compilation and assessment (underway) • Define initial drill targ
Slide 16: Doolgunna Copper-Gold Projects
For personal use only Doolgunna Copper-Gold Projects Exposure to Potential New Copper-Gold Discoveries in a World-Class VMS Province 16
Slide 17: Talisman Doolgunna Project Locations
Talisman Doolgunna Project Locations For personal use only 17
Slide 18: Doolgunna Projects Overview
Doolgunna Projects Overview • Projects located in an emerging copper province hosting For personal use only the world-class, high-grade DeGrussa Copper-Gold Mine • $15 million farm-in joint venture agreed with Sandfire in late December 2013 • Sandfire to spend a minimum of $5m in first 2 years • Fir
Slide 19: Doolgunna JV – Exploration Drilling
Doolgunna JV – Exploration Drilling For personal use only • Sandfire continue to conduct extensive geochemical aircore drilling programmes across the prospective sequence at Springfield • Drilling at Springfield in 2014 by Sandfire: • 285 aircore holes for 20,099 metres; and • 1 diamond hole (1,099
Slide 20: Doolgunna JV – Exploration Geophysics
Doolgunna JV – Exploration Geophysics • In 2014, Sandfire: For personal use only • Undertook 24 1km x 1km high-powered FLEM surveys over part of the prospective sequence; and • Re-surveyed 20 historical Talisman drill holes • Extensive geophysical programmes continue in 2015: • 25 1km x 1km high pow
Slide 21: Talisman – A Clear Strategy to Grow Shareholder Value
Talisman – A Clear Strategy to Grow Shareholder Value • Considered growth strategy has now delivered real opportunity for For personal use only value creation on two fronts: 1. Nickel Sulphides • Sinclair Nickel Project acquisition provides transformational opportunity • Significant “walk-up” explor
Slide 22: RIU Explorers' Conference: Growth and Opportunity in Nickel and Copper
For personal use only RIU Explorers’ Conference February 2015 Growth and Opportunity in Nickel and Copper Dan Madden, Chief Financial Officer
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