Talisman Metals (TLM) Corporate presentation summary

Corporate overview and strategy

• Focused on developing next-generation copper deposits in Morocco, leveraging a new mining code and strong local industry fundamentals.

• Management team brings expertise in mineral exploration, mining entrepreneurship, finance, and Moroccan business operations.

• Listed on AIM with management presence in Canada, providing access to multiple capital markets.

• Share structure includes 64.2M shares outstanding, 3.1M options, and a 54% public float.

• Strategic goal is to supply copper to meet growing global demand, especially for the energy transition.

Investment case: Morocco

• Morocco is a premier mining destination with world-class geological potential and a reformed mining code since 2016.

• Proximity to Europe and integration into global supply chains make it ideal for supplying critical raw materials.

• Emerging as a hub for the battery industry, with supply agreements involving major automotive and battery companies.

• Mining sector accounts for 30% of exports and employs 40,000 people; GDP in 2024 was $398bn.

• Ranked #15 globally for investment attractiveness and #25 for policy perception by the Fraser Institute.

Project portfolio

• Three main project areas: Tizert North/Fougnar, Tirzzit, and Argana, all targeting sediment-hosted copper deposits.

• Tizert North/Fougnar projects are in the same basin as Managem's Tizert deposit (76Mt @ 0.8% Cu, 17g/t Ag).

• Argana project targets copper, silver, and uranium in Triassic sandstones, with multiple mineralized showings.

• Tirzzit project acquired from Aya Gold & Silver, with historic fieldwork revealing strong exploration targets.