Talisman Mining (TLM) AGM 2025 Presentation summary

Investment highlights and financial position

• Diversified exploration portfolio in NSW and South Australia, with projects in world-class metal provinces.

• Well-funded with A$4.5M in cash and no debt; market capitalization of A$21.7M as of November 2025.

• Experienced board and management team with strong exploration background.

• Uncapped 1% gross revenue royalty from Wonmunna Iron Ore, generating A$32.8M in receipts to date.

Project portfolio and exploration activities

• NSW Lachlan and Macquarie Arc: Three projects covering ~6,600km², targeting copper, gold, lead, zinc, and silver.

• South Lachlan: Significant high-grade mineralization zones identified, with new drilling phases planned.

• Walkers Hill: New gold exploration project with promising initial drill results and follow-up programs scheduled.

• Yarindury: Porphyry copper-gold project with planned drilling in December 2025, targeting Tier-1 deposit potential.

• Mabel Creek (SA): IOCG project in under-explored terrain near major mines, with large gravity targets to be drilled.

Key exploration results and resource updates

• Durnings Prospect: Multiple high-grade intercepts, including 6m at 10.3% Pb, 3.5% Zn, 126g/t Ag, 0.4% Cu, 1.93g/t Au from 274m.

• Walkers Hill: Shallow RC drilling returned 40m at 0.46g/t Au and 42m at 0.44g/t Au; follow-up AC program planned.

• Maroonbah: Large gold-arsenic soil anomaly with historical RC results of 20m at 0.48g/t Au; further geochem work planned.

• Wonmunna: Ore Reserve of 51Mt at 57.5% Fe, with production wind-down scheduled for FY26 as Lamb Creek comes online.