Talisman Mining (ASX: $TLM) Quarterly Activities Report

Talisman Mining Limited (ASX: $TLM) has released its March 2024 Quarterly Activities Report, showcasing emerging base and precious metals discoveries at the Rip N Tear and Durnings prospects in New South Wales. The company also announced the commencement of exploration activities at the Mabel Creek Iron Oxide Copper-Gold (IOCG) Project in South Australia. Talisman remains well-funded with cash on hand at 31 March of $7.2 million and received royalty cash receipts of $2.5 million from the Wonmunna Iron Ore Project for the quarter.

Executive Commentary

The latest assays have confirmed lead-silver-zinc mineralisation at Rip N Tear over a substantial strike length and down-hole widths, indicating the significant scale of the system. Additionally, ongoing drilling at Durnings has revealed a significant emerging base and precious metals discovery. The commencement of a ground gravity survey at the Mabel Creek IOCG Project marks an important step in our exploration efforts. We are pleased with the positive results and remain committed to maximizing shareholder value through exploration, discovery, and development of complementary opportunities in base and precious metals.

Summary

Talisman Mining's March 2024 Quarterly Activities Report highlights the significant base and precious metals discoveries at the Rip N Tear and Durnings prospects in New South Wales. The company's exploration activities at the Mabel Creek IOCG Project in South Australia have commenced with a ground gravity survey. Talisman remains well-funded with cash on hand at $7.2 million and received royalty cash receipts of $2.5 million from the Wonmunna Iron Ore Project for the quarter. The company continues to review potential mineral growth opportunities and is focused on creating long-term shareholder value through value-accretive transactions. The outlook remains positive as Talisman progresses its exploration and development activities.