Chair and Management Comment Talisman’s Chairman, Kerry Harmanis commented: “We have experienced a number of frustrating delays this year due to a combination of heavy rainfall on the East Coast, which has restricted drilling access, and ongoing bottlenecks at the assay laboratories.
“We are now gearing up to resume a major new drilling push in the current quarter, weather permitting, with drilling to continue for the foreseeable future. Thanks to the ongoing income stream from our iron ore royalty, the Company is in a very sound position financially and remains exceptionally well placed for success. The next few months should be an exciting time for Talisman shareholders.”
Talisman’s CEO, Shaun Vokes, said: “The results coming out of the recently completed regional scale geophysical surveys are very exciting and rapidly advancing our understanding of mineral systems in this complex, structurally controlled region. We have always considered that the Cobar Basin is highly prospective and, as we progress exploration, I strongly believe that the next major mineral discovery in this area will come from a mineral system concealed under cover. I therefore believe that our significant investment in these geophysical surveys will bear significant fruit as exploration advances.
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TLM Price at posting:
16.0¢ Sentiment: Buy Disclosure: Held
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