Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-4

To 30 September 2021, Talisman had received $1.97 million in royalty payments for iron ore sales
that occurred from June 2021 to August 2021. An additional royalty payment of $0.32 million was
received subsequent to quarter end for iron ore sales that occurred during the month of September
2021. Since the commencement of iron ore production at Wonmunna in March 2021, total royalty
payments of $2.95 million have been received by Talisman as at the date of this announcement.
The WIOM produced first ore in March 2021 and is currently operating at its designed production
output of 5 million tonnes per annum (Mtpa). Additionally, MRL has announced that it has received
the required approvals to potentially expand the WIOM’s production output up to 10Mtpa8
.
Assessment of a number of exploration stage projects and more advanced assets with near-term
development and production potential, as well as value-accretive corporate transactions, were
progressed during the quarter

Royalty cash receipts from the Wonmunna Iron Ore Project of $1.97 million received for the
quarter with a further $0.32 million received subsequent to quarter end2

Talisman remains well funded with cash on hand at 30 September 2021 of $10.6 million.


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