A good presentation overview of the current TLM situation. 12 assay results and downhole magnetic surveys due in the coming weeks.

Presentation has the feel of a CR about it. In the interview with MD he stated no plans for M&A but maybe looking to bring more institutional investors on board?

Drilling assays getting stronger. Managing director on "The Hole Truth" podcast describing the latest results as some of the best he has seen in 30 years in the industry. More results to come. Only $153K spend last quarter after royalties and $7M in the bank.

Exceptional assay results returned from diamond hole DRRCD0019,

The results confirm two zones of strong, high-grade mineralisation:

Base Metals Zone – 25.2 metre zone containing massive, semi-massive, matrix and laminated galena-sphalerite-silver and lesser chalcopyrite-gold from 198.0m downhole.

Assays include:

7.5m at 1.5% Pb, 2.2% Zn, 23.6g/t Ag, 0.3% Cu, 0.31g/t Au from 198m to 205.5m and

7.4m at 6.7% Pb, 2.9% Zn, 137g/t Ag, 0.2% Cu, 0.24g/t Au from 218.8m to 226.2m including:

1.7m at 26.5% Pb, 7.8% Zn, 558g/t Ag, 0.7% Cu, 0.81g/t Au from 224.5m to 226.2m containing 1.1m of massive sulphide

Copper-Gold Zone – 28.3 metre zone containing massive, matrix and blebby chalcopyrite-galena-sphalerite-gold-silver from 370.5m down-hole in an extensively altered quartz-carbonate vein breccia.

Assays include:

28.3m at 4.03g/t Au, 0.9% Cu, 3.8% Pb, 0.7% Zn, and 26.5g/t Ag from 370.5m to 398.8m down-hole, including:

10.0m at 7.94g/t Au, 1.0% Cu, 9.9% Pb, 1.5% Zn and 61.3g/t Ag from 374m to 384m down-hole, including:

3.5m at 21.2g/t Au, 1.6% Cu, 11.8% Pb, 2.4% Zn and 84.7g/t Ag from 379.5m down-hole; and

7.8m at 4.11g/t Au, 1.8% Cu, 1.0% Pb, 0.6% Zn, and 16.3g/t Ag from 391m to 398.8m

“Both high-grade zones offer huge potential and represent very exciting exploration targets for the Company. In light of this, we recently initiated a program of down-hole EM surveying to search for additional off-hole conductors across the 2.0km strike length of GAIP anomalism tested to date with RC and diamond drilling. Results from the down-hole EM survey program should be available in approximately two weeks.

“Once assay results for the recently completed drilling, down-hole EM and detailed structural analysis of the diamond cores are complete, a further program of Stage 3 follow-up drilling will be planned and commence this quarter.” 

Held in RL

SP has another good run lately back up to 27c from 17c. Personally missed the buy in oportunity in SM but still hold in RL

2024 exploration program commences at Talisman’s 100%-owned Mabel Creek IOCG Project in SA, acquired by TLM in 2023, with a Ground Gravity Survey underway.

Initial 6-8 week survey program covering entire 1,048sqkm holding.

Survey covers a number of prospective magnetic anomalies in the Mabel Creek area and will be used to generate drill targets for the planned field program commencing in the second half.

First on-ground exploration work to be undertaken on this project area for 14 years.

"The neighborhood is very active with exploration programs being undertaken by Rio Tinto, FMG and Petratherm in the area.”

Kerry Harmanis dropping $260K in on market trade for 1M shares

Latest presentation

Held in RL

TLM comes out of a halt after an announcement with the wrong date to release an announcement with an incorrect name. Good job they are explorers not editors! "Significant Base Metal Discovery Confirmed at Burnings." Not sure that the announcement warranted a halt but the SP is up 30% today.

Significant Base Metal Discovery Confirmed at Durnings with Massive Sulphides in Diamond Drilling Follow-up RC and diamond drilling intersects significant zones of lead-zinc-copper mineralisation.

Talisman’s Managing Director, Andrew Munckton, said: “The follow-up drill program at Durnings has intersected some impressive visual mineralised intersections for Talisman based on logging by our experienced field team, confirming that this is a potentially very significant base metal discovery and a potential game-changer for the Company. 

“The diamond drill rig will confirm the geological interpretation and target the Deeper zone on these strike extension lines in the next few weeks. “Our geology team is looking forward to integrating the new knowledge derived from this RC and diamond drilling program with our full assay dataset from Durnings to provide a more detailed and accurate picture of the orientation and style of lead-zinc-silver-copper-gold sulphide mineralisation and to fully test this extensive structural corridor and emerging mineralised system in the coming weeks.”

Sold out in SM but held in RL

TLM issued a speeding ticket today. No news up 27%. Volume well over double usual buy in days. Sold out today in SM but still hold in RL(15%).

Quite a lot of discussion about copper shortages at the moment. TLM has 1000km2 at Mabel Creek in SA Gawler Craton with potential for copper- gold discoveries. No debt and funded from the iron ore royalty in the Pilbara which is significant at the current iron ore price.

16-7-2020:  Kerry Harmanis Appointed to TLM Board

Kerry Harmanis has owned 18.1% of Talisman (TLM) for a few years now, and could have got himself appointed to the board at any time, as their largest shareholder.  He was instrumental in getting a great outcome for TLM when SFR discovered Monty on TLM's land, and the sale of those tenements gave TLM shareholders (which included me at that time) a nice capital return as well as a generous special dividend. 

Kerry was also the guy who grew Jubilee Mines up from nothing to a $3.1 Billion company when he sold it to Xstrata in 2008.  I was a shareholder of Jubilee Mines at the time, and I had convinced my father-in-law to buy some shares also because they had been paying such good dividends and were very likely to get taken out by someone much bigger, which of course they were, by Xstrata, at the top of the market (nickel was absolutely flying at the time).  It was my father-in-law's best returning investment ever - he received 7 times his original investment.  He has now passed on, and I've had some better investments since, but I remember Kerry H well, and have a lot of respect for him.  In short, it's a positive that he's finally decided to take on a much more active role in TLM (as the new Board Chairman).

Further Reading:  Kerry Harmanis: Miner, meditator and mandolin player