Talisman Mining (TLM) Q1 2026 TU earnings summary

Executive summary

• Completed 5-hole, 857m RC drilling at Sheepyard Prospect, Walkers Hill, NSW, intersecting broad zones of shallow, low-grade gold mineralisation; follow-up exploration planned.

• Ground geophysical survey at Yarindury Project identified new buried targets; maiden drilling program planned.

• Initial auger drilling at East Peak Hill was partially completed; aircore drilling scheduled to finish the program.

• Mabel Creek IOCG Project in SA: three diamond holes drilled, with encouraging hydrothermal alteration and elevated Mo and REE; further drilling planned.

Financial highlights

• Received $1.55 million in royalty payments from Wonmunna Iron Ore Project for the quarter.

• Cash on hand at 30 September 2025 was $4.07 million.

• Quarterly exploration and evaluation expenditure totaled $1.353 million.

• Payments to related parties (directors' fees) amounted to $161,000.

Outlook and guidance

• Well-funded with 11.67 quarters of estimated funding available at current expenditure rates.

• Ongoing review of new mineral growth opportunities in Australia and elsewhere.

• Planned follow-up drilling and geophysical surveys at Walkers Hill, Yarindury, East Peak Hill, and Mabel Creek.