Talisman Mining (TLM) Q1 2027 TU earnings summary

Executive summary

• Sheepyard drilling extended shallow gold mineralisation across an unconstrained ~800m strike; the main IP chargeability anomaly remains untested at depth.

• A $4.0m placement was committed to fund exploration and business development; quarter-end cash was $4.761m.

Financial highlights

• Net operating cash outflow was $1.277m for the quarter, including $0.718m exploration and evaluation expenditure.

• Wonmunna royalty receipts were $0.157m; interest received was $29,000.

• Cash and cash equivalents at 30 September 2026 were $4.761m; Novo Resources shares were valued at $0.172m.

Outlook and guidance

• Follow-up RC drilling at Sheepyard is planned to commence in November to extend mineralisation and test the IP anomaly at depth.

• A ~2,500m East Peak Hill air-core program was underway after quarter-end, scheduled for completion by end-October; first results expected by early December.