Talisman Mining (TLM) Q4 2025 TU earnings summary

Executive summary

• Multiple new gold exploration targets identified in NSW, with drilling and geochemical surveys scheduled for 2H 2025.

• Geophysical and geochemical programs underway at Yarindury and East Peak Hill in the Macquarie Arc, NSW.

• Three-hole diamond drilling program completed at Mabel Creek, SA, intersecting hydrothermal alteration with anomalous Mo and REE.

• $1.58 million in royalty cash receipts from Wonmunna Iron Ore Project for the quarter.

• Cash on hand at 30 June 2025 was $4.49 million.

Financial highlights

• Quarterly royalty income from iron ore: $1.579 million, reflecting lower iron ore prices and shipping volumes.

• Exploration and evaluation expenditure for the quarter: $1.981 million.

• Net cash used in operating activities: $(757,000) for the quarter.

• Cash and cash equivalents at quarter end: $4.492 million.

• Payments to related parties (directors' fees): $161,000 for the quarter.

Outlook and guidance

• RC drilling at Sheepyard target (Walkers Hill trend) to commence late July 2025.

• 1,600-hole auger geochemical survey and further reconnaissance planned for Lachlan Project.

• Drill testing at Yarindury and follow-up drilling at East Peak Hill scheduled for September–October 2025.

• Second phase of exploration drilling planned at Mabel Creek, focusing on IOCG-style targets.