Ann: Second High-Grade Copper-Gold and Base Metal Zone Discovered, page-27

Talisman is a unique offering in the exploration space as it is self-funding thanks to an uncapped 1% gross revenue royalty on iron ore being produced by Mineral Resources at the Wonmunna mine in the Pilbara.

Cheques of around $600,000 arrive once a month to underpin Talisman’s annual exploration budget of $5-$6 million. Significantly, it allows Talisman to bring a focus and persistency to greenfield exploration plays that other juniors struggle to maintain because of budget pressures.
A few years back it was decided NSW’s prolific but still underexplored central Lachlan Foldbelt was its best chance at delivering the next big discovery chairman Harmanis yearns for.

Given the copper, gold, zinc/lead, and silver targets are big and cover three styles (VMS, porphyry, and orogenic), Talisman’s modest market cap means there is lots of leverage to succeed with this one.
Talisman reported high-grade gold and copper hits with zinc and silver values at the Durnings prospect.
All up, it is a potentially transformational drilling program we are embarking on now...


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