Talisman Mining (TLM) investor relations material

Strategic direction and leadership

• New leadership team and board with extensive mining, geology, and finance experience, including a Managing Director with banking and exploration background.

• Refreshed strategy focuses on leveraging a large NSW exploration portfolio, pursuing acquisitions, and unlocking value through focused exploration.

• Major shareholder support from Kerry Harmanis, holding 19.6% of shares.

• Supported by leading geological consultants and a technical advisory team led by Peter Langworthy.

• Well-capitalized with recent AUD 4 million capital raise, total available funds of approximately AUD 7 million, and no debt.

Financial position and capital structure

• Funded for next exploration stages with A$3.1M cash and an additional ~A$4M from a recent capital raising.

• Market capitalization at A$12M, enterprise value of A$8.9M.

• Retains rights to a 1% uncapped gross revenue royalty from future production at Wonmunna.

• No debt and a disciplined, systematic exploration approach.

Exploration portfolio and operational focus

• Holds over 5,000 sq km in NSW, including 4,219km² in the Lachlan Fold Belt and 946km² in the Macquarie Arc.

• Portfolio divided into Walkers Hill, Lachlan South, and Lachlan North, each with distinct geological prospects.

• Key targets include orogenic gold and copper porphyry systems, with proximity to major deposits like Cadia Valley and Tomingley.

• Recent technical reviews identified new priority targets and confirmed extensive mineralized systems.

• Evaluating options for Lachlan North, including potential partnerships or divestment.