Talisman Mining (TLM) AGM 2024 Presentation summary

Investment highlights

• Prospective tenure across multiple projects in NSW and South Australia, with exposure to multiple commodities and systematic exploration methods.

• Reliable funding supported by a strong cash balance and ongoing royalty revenue from the Wonmunna Iron Ore project.

• Two significant discoveries achieved in the first round of deeper target testing.

• Large-scale exploration opportunities in the Cobar Basin, Macquarie Arc, and Gawler Craton.

• Experienced and focused management team leading exploration and development.

Corporate overview

• 188.3 million shares on issue, with a market capitalization of A$41.4 million as of November 2024.

• Cash and liquids of A$6.1 million as of September 2024, with no debt.

• Enterprise value stands at A$35.3 million.

• Board and management include industry veterans and high-net-worth investors.

Wonmunna Iron Ore Royalty

• 1% uncapped gross revenue royalty from the Wonmunna mine, operated by Mineral Resources.

• A$25.6 million in royalty receipts to date, with A$8.6 million received in FY24.

• Royalty stream fully funds ongoing exploration activities.

• Wonmunna supplied about 60% of Pilbara Hub feed in FY24.